Image courtesy Friede & Goldman
table of contents
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© corlaffra / Adobe Stock
The Southeast Asia Offshore Market: Today’s Reality, Tomorrow’s Outlook
Oil price volatility and reduced greenfield investments have cast uncertainty over the offshore market, prompting spending cuts and project delays across Southeast Asia. Yet, despite current headwinds, rig activity is forecast to rebound by 2026–2027. A looming shortage of ready vessels due to fleet ageing and minimal newbuilds may drive rates up and reshape market dynamics.
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© bomboman / Adobe Stock
Deepwater Displacement: Sixth Generation Semi-Sub Rig Values Under Pressure
As the offshore rig market recalibrates, sixth generation international semi-subs are facing a dual challenge - limited demand and declining rig values. Once the backbone of deepwater development, these mid-age floaters are now being cold-stacked, sold for non-drilling purposes, or sold to niche opportunities in emerging markets, often at steep discounts compared to historical valuations.
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© Chevron
Chevron’s 20K Anchor Off to Strong Start with Top Tier Well Performance
Chevron’s Anchor project achieved first oil in August 2024 from two wells, marking the first development in the Inboard Lower Tertiary and initiating the deepwater 20,000 psi (20k) era. Despite reservoir uncertainty, early results are promising.
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Restoring U.S. Offshore Energy Dominance: The Momentum Is Real
America’s offshore energy future is at a turning point. After years of political headwinds, we’re finally witnessing a decisive shift in Washington that is embracing the United States’ position as a global offshore energy leader.
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Copyright bomboman/AdobeStock
The Keys to Managing Offshore Energy Risk & Uncertainty
These are complex times for the offshore industry. More than any other point in its history a major shift is taking place as moves are made to adapt to the changing demands of energy markets and society at large. Faced with the challenge of the ‘energy trilemma’ and an increasingly unpredictable geopolitical environment, the need for strategic planning, collaboration, and flexibility is greater than ever.
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Image courtesy Friede & Goldman
From Swamp Rigs to Floating Wind: Calvin Norton Reflects on 60 Years of Offshore Engineering
Calvin Norton spent 60 years with Friede & Goldman, with a career that spans and tracks some of the highest highs and lowest lows in the evolution of offshore energy production. As Norton retires and Friede & Goldman prepares to celebrate its own milestone anniversary, OE discussed with Norton the projects, the technologies and the people that helped define his career.
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Image courtesy Daniel Franklin Krause
[Methane] is Blowin’ in the Wind
Methane reporting standards for operators are tightening, increasing requirements for site-level detection and quantification.
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Image courtesy Seadrill/EcoSubsea
Biofouling Challenges Plague Offshore Structures
Coatings protect offshore structures against corrosion, but the need for regular inspection means they must also be regularly cleaned, and there’s no singular strategy for that.
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Image courtesy Gazelle Wind Power
Floating Wind Push: The Industrial Opportunity at the Edge of Europe
This article outlines how floating offshore wind can help the country meet its decarbonization targets while strengthening energy security and advancing economic opportunity.
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Image courtesy Xenos Marine
Reviving a Heavy-Lift Giant: Xenos Marine's TX-10000 is Ready for Duty
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Image credit Tidewater/GLO Marine
Case Study: Offshore Retrofit at Scale
GLO Marine and VMS Advance Tidewater’s Fleet Upgrade Program
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© Vissim
Products: Safety Systems
