Innovators: Offshore Energy

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Titan Submersible

by Kassandra Sharron on February 15, 2018

In January 2018, OceanGate completed construction of Titan, formerly known as Cyclops 2, a 5-person submersible designed to dive to depths of 4000 meters. Once validation testing is complete, Titan will be the only privately owned manned submersible in the world that is capable of reaching this depth.   Read more.

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Westwood Insight: Northwest Europe Exploration Drilling – 2017 Results and 2018 Outlook

by Kassandra Sharron on January 25, 2018

A ten year low in oil discoveries in Norway in 2017 doesn’t deter an expected increase in drilling in 2018, whilst performance continues to improve in the UK with the focus switching to gas for 2018.   In 2017, there was a shift towards high impact exploration drilling in both the UK and Norway. Norway saw a concerted effort of 10 exploration wells in the Arctic Barents Sea region and there were also five high impact tests in the UK North Sea, which is unusual for such a mature basin.   Read more.

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Deepwater Expenditure Backed by Phased Development & Tiebacks

by Admin on October 10, 2017

Westwood’s World Deepwater Market Forecast 2017-2021 Q4 data update expects expenditure to total $126.9bn over the forecast period, with activities concentrated in Africa and the Americas. Read more.