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Subsea Well Intervention Services News

26 Jul 2013

Asia Pacific Spill Response OSRL Increases Capabilities

the new base in Singapore

Last month Oil Spill Response Limited (OSRL), a global oil spill response cooperative funded by more than 160 companies, opened its new base with enhanced response capabilities at Loyang in Singapore. Maritime Reporter took the opportunity to speak with Robert Limb, OSRL Chief Executive, regarding the significance of OSRL’s expansion. The opening of the base last month in Singapore was touted as a milestone event for the maritime and oil and gas industries in the Asia Pacific region…

13 Jan 2013

Oil Spill Response Organizations Merge Operations

Oil Spill Response Limited (OSRL) and Clean Caribbean & Americas (CCA) join up to meet the needs for global oil spill response. Oil Spill Response Limited (OSRL) is an industry-owned cooperative which exists to respond effectively to oil spills anywhere, anytime. OSRL provides preparedness, response and subsea well intervention services and works closely with other industry organisations e.g. IMO and IPIECA to share expertise and develop knowledge. OSRL will acquire CCA’s assets and personnel, with CCA’s Fort Lauderdale base in Florida becoming a regional response base supporting OSRL’s global response capability. Members of CCA will become Members of OSRL and thus receive membership services from OSRL going forward.

18 Jun 2012

Offshore O&M Expenditure Forecast: $335B in 5 Years

(Source: Douglas-Westwood)

More than $335 billion worth of expenditure is expected over the next five years on offshore oil & gas operations & maintenance (O&M), according to a new report, The World Offshore Operations & Maintenance Market Forecast 2012-2016, by Douglas-Westwood (DW). Growth of 8% in expenditure is forecast annually 2012-2016, with O&M markets considerably less vulnerable to downturn than their capital-led counterparts. The underlying driver for all activity, both onshore and offshore, is the growth in global energy demand which…