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Infield Systems News

01 Mar 2013

Swiber Wins Huge SE Asia 2013 Contracts

Singapore's Swiber Holdings has been awarded subsea contracts in SE Asia worth approximately US$153-million. The contracts, with oil industry majors, mark the first wins in 2013, largely entail transportation and installation of pipelines and offshore structures in Southeast Asia. Work for these contracts are expected to commence immediately with expected completion by 2013. Commented Mr. "According to a market report by Infield Systems, the unprecedented demand for hydrocarbons is forcing national oil companies to increase their investment in pipelines in order to expand the network of connected shallow water gas platforms. Malaysia's National Oil Company…

09 Oct 2012

New Offshore LNG Report Launches at Gastech 2012

Infield Systems unveil its 'Offshore LNG Market Report to 2018' at the Gastech Expo in London. The launch of this report at Gastech 2012 coincides with a particularly exciting time for this sector of the offshore oil and gas industry, following Shell's announcement that it has sanctioned the world's first floating LNG project, Prelude. It is widely expected that this will mark the beginning of a more widespread use of this potentially market changing technology. Infield Systems' latest Offshore LNG report analyses the value of the sector and the drivers for floating liquefaction and offshore regasification; as well as providing a regional…

30 Jun 2011

ABS and CCS Discuss Energy Development in China

The growing importance of deepwater exploration and production developments offshore China led classification societies ABS and CCS (China Classification Society) to conduct a joint “Deepsea Developments in the China Offshore Industry” meeting on June 17. The meeting, which was held in Beijing, brought together leading offshore industry professionals to discuss a wide range of energy development issues. More than 100 representatives from the Chinese government, shipbuilders, designers, research institutes, energy corporations and universities attended. Topics included a discussion of the global energy market outlook from research firm Infield Systems…

21 Mar 2011

Arctic Holds Over 113 Bboe, Report Says

Infield Systems has published a new report on prospects for the offshore Arctic oil and gas sector through 2017. Infield has identified over 130 Bboe in discovered oil, gas, and condensate reserves throughout the offshore Arctic/sub-arctic regions. Around 114 Bboe, or 86% of the total, are gas reserves, with around 16 Bbbl of oil, according to the report.    (Source: Offshore Magazine)

03 May 2002

Floating Production System Capital Expenditure

Over the past five years capital expenditure on floating production systems has totalled some $20 billion, but over the next five years this is forecast to increase by more than 50% to $32 billion. Annual spend is expected to soar to over $9 billion in 2004. These are amongst the findings of a major new study launched today at Houston’s annual Offshore Technology Conference by energy analysts Douglas-Westwood and industry data specialists Infield Systems. The analysts forecast that West Africa will get the lion’s share of future investment in floaters, with investments of some $11 billion destined for the region. This is nearly twice the spend in the other major regions with the Gulf of Mexico at $6.1 bn., Brazil at $5.1 bn and Asia Pacific at $4.7 bn.

20 Aug 2002

Global Offshore Pipeline Market by Region 1997-2006

The installation of almost 50,000 km of pipeline is forecast over the next five years in the new second edition of The World Offshore Pipelines and Umbilicals Report 2002-2006, published today by leading offshore analysts Douglas-Westwood and offshore data specialists Infield Systems. According to the report’s lead author, Dominic Harbinson of Douglas-Westwood, “This total represents an increase of 44 percent over the previous 5-year period, and will require a global Capex of almost $53.6 billion. Three regions dominate the market, accounting for almost 60 percent of forecast pipeline lengths and over half of forecast global Capex.” The three regions are: North West Europe (with a forecast spend of $11.4 billion), Asia Pacific ($9.5 billion) and the US Gulf of Mexico ($8.2 billion).

16 Sep 2002

Global Offshore Industry Capex – Key Sectors ($ million)

The offshore industry should enjoy steady growth over the next five years and the longer-term prospects are looking even better as the potential for higher oil prices grows. Addressing delegates at a special meeting of the Society of Underwater Technology at London’s Imperial College today speakers from leading energy analysts Douglas-Westwood and offshore industry data specialists Infield systems painted a picture of long-term growth. However, the growth was mainly seen to be outside the North Sea where the reserve sizes of new field developments are now very small. “The oil majors have already voted with their dollars and shifted their attention to the deepwater areas of Brazil, West Africa and the Gulf of Mexico” said John Westwood, Douglas-Westwood’s MD.

02 Jul 2003

Is More Drilling on the Way?

There has been a steady stream of bad news recently in the marine press regarding the health of the oil and gas industry in the Gulf of Mexico. Much of this bad "press" is fueled by boat operators who are trying to do a "Rope-a-dope" on their competitors. That is by "talking the industry down" they are trying to convince competition that "better days" may be years out, hoping they may not be ready when the turnaround comes. All indications are that the industry will indeed drill itself out of the current malaise - sooner than later. And the indicators for such a turnaround are right in front of your face if you know where to look. In general, people who follow intensely the oil and gas industry all agree that a significant rebound is on the way.

06 Dec 2002

Deepwater Development Dollars to Double

Deepwater field development expenditure is forecast to continue its strong growth trend, doubling over the next five years. Launching the latest edition of 'The World Deepwater Report' at the 14th Deep Offshore Technology Conference in New Orleans, John Westwood, managing director of international analysts Douglas-Westwood, said that his firm expected nearly $58 billion to be spent over the next five years in developing deepwater fields. "We expect West Africa to lead the pack attracting 38% of the expenditure, followed by the Gulf of Mexico with 32% and Brazil with 23%," said Westwood. The report is based on analysis of data in the Infield Systems database and their data manager, Dr.

24 Apr 2003

World Floating Production Report Due Soon

Douglas-Westwood Limited and Infield Systems will shortly be releasing the new third edition of its World Floating Production Report,covering the period 2003-2007. There are currently 165 prospective installations identified by the Infield database for this 5-year period. along with production barges and FSOs. in the 1998-2002 period (96 units). The Report is designed to give a comprehensive account of the main types of floating production system, and evaluates historic and future installations on a global and regional basis. associated Capex, broken out by vessel type, region and year of installation. newbuild), water depth and order year are also encompassed in our specially developed modelling process.