Quantum computing is expected to dwarf the potential that AI brings to data processing and interpretation.
Image courtesy of IBM
table of contents
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Decarbonisation Through Automation: Unlocking Emissions Reductions and Operational Efficiency in the Energy Transition
The world is facing an urgent need to reduce carbon emissions, and industries are under increasing pressure to decarbonise their operations. Governments, investors, and consumers alike are demanding more sustainable practices, with the goal of mitigating climate change and reducing environmental impact. However, the path to decarbonisation isn’t always straightforward – many companies fear that reducing their carbon footprint could come at the expense of profitability and efficiency.
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Credit: Getty Images
API RP 75, 4th edition: A Proactive Approach to Offshore Safety Excellence
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Source: Westwood RigLogix
Offshore Drilling Upcycle Continues, but 2025 will be a Year of Market Corrections
2024 has been another strong year for the offshore drilling rig market with high utilization and dayrates. However, the winds of change have started to blow, and the market is already showing some signs of weakening demand and declining dayrates across the three main rig types – jackups, semisubs and drillships. Inflationary pressures across the sector are the driving force of the market correction we expect to see in 2025.
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Copyright Anna/AdobeStock
Offshore Service Vessels: What’s in Store in 2025
After what we would argue has been an incredibly eventful 2024 with massive deals, tremendous dayrate developments, further charterer backlog build, and the first series of newbuild orders in years, now comes the time when we turn our gaze towards 2025. Overall, we find continued strides for the better in the offshore support market although we foresee an industry that will not fire on all cylinders, at least not quite yet.
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Source: Welligence
Looking Ahead: Five Trends Shaping 2025
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Image credit: Boskalis
Floating Wind Vessel Supply & Demand through 2035
Floating wind is an emerging technology, currently being tested in small scale demonstration and pilot projects. Global commissioned floating wind capacity is forecast to amount to ~6 GW by 2030 and ~50 GW by 2035. A sharp increase in activity is expected in the period 2031-2035, with requisite vessel demand to support the build out.
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Image courtesy of IBM
The Higher the Stakes, the More Value AI Creates
Idle time for a drilling rig costs about $250,000 an hour. AI is being embraced across the industry to ensure it doesn’t happen.
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Image courtesy Yinson
Flare Gas Recovery Meets the Future
Flare gas recovery lies at the heart of a range of integrated, new emissions abatement technologies.
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Image courtesy Baker Hughes
Subsea Redesign Underway for Floating Offshore Wind
The dynamic high voltage cabling required for floating offshore wind farms is causing a rethink of subsea array design, and Baker Hughes is qualifying a solution that aims to increase standardization and reduce costs.
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©acrogame/AdobeStock
The Impact of Artificial Intelligence on Submarine Networks
Submarine communication cables – almost 560 of them deployed to date – crisscross our oceans, interconnecting continents and carrying over 99% of intercontinental data traffic. This article looks at how the emergence of artificial intelligence (AI) will affect these cables in terms of traffic demand as well as in terms of how we design and operate the key equipment that feeds data into these cables.
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Image GettyImages courtesy Regal Rexnord
Svendborg Brakes' Yaw Brake Solution Transforms Wind Turbine Maintenance
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Image courtesy SLB
New Products, Technologies and Systems
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Source: Wood Mackenzie Lens Direct
By the Numbers: Discoveries & Reserves
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Source: Wood Mackenzie Offshore Rig Tracker
By the numbers: RIGS