Offshore Survey Shows Shift From Cost Cutting to Expanding Operations
Respondents to a survey indicated a 35% decrease in their focus on cost cutting, and a 12% increase in their preparation to expand operations.
Confidence in the outlook for expanding operations was reflected by responses related to near-term hiring decisions. Thirty-four percent of respondents’ operations are preparing to rehire workers; 36% (4% in the 2016 report) are “not hiring new workers but have stopped laying off workers,” while only 7% (47% in 2016) are continuing to lay off workers.
Suppliers were described as “improved” in how they offer alternative solutions by 45% of respondents. With oil prices above $60/bbl, the impetus for suppliers negotiating lower prices for their services appears to be waning. Twenty-eight percent of respondents perceived “negotiations on costs” to be worse than 2 years ago.
The use of automation by both respondents’ own companies vs. their suppliers were rated equally as “aren’t very automated, but personnel are studying the benefits it could offer,” the same as 2 years ago.
Smart technologies were perceived as reducing costs by 54% of the respondents, and 16% have not implemented any, nor plan to do so.
About 25% work with suppliers from the start of the idea to implement smart technologies, while 22% share their requirements but expect their suppliers to develop the technologies themselves, and about 22% develop them in house.
BHGE Launches Multimodal Facility Expansion in Angola
The facility will serve as a hub to support customers and projects in the Angola and Southern Africa region.
Shell Ships First LNG Cargo From Prelude
First cargo from the world’s largest floating LNG project comes in the midst of low LNG prices sparked by a global supply boost. Prelude is expected to produce 3.6 mtpa for Shell.
Addressing the Gaps in Subsea Produced Water Treatment
Operators are looking for ways to better handle water coming from subsea wells, which is typically treated at topside facilities. Subsea separation systems are not equipped to discharge water back into the reservoir, so how do companies close the gaps?
Don't miss out on the latest technology delivered to your email every two weeks. Sign up for the OGF newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
04 June 2019
03 June 2019