Offshore Oil

"Offshore" refers to the discovery and development of oil and gas resources which lie underwater. Usually the term refers to ocean-based oil extraction , though the term can also apply to drilling in lakes and inland seas. The remote locations and harsh conditions of offshore oil production present different challenges than do land-based operations. Platforms and facilities must be carefully designed, assembled, and maintained to ensure safe, productive, and environmentally responsible operations.

Crew supplies , transportation, and waste disposal all rely on support vessels, and must be carefully coordinated to make the most of limited time, space, and resources. The isolation and cramped conditions of offshore facilities can cause personnel difficulties. Rig work is considered higher risk and the staff usually receive higher salary than industry workers in other fields. Technological advances in communications, such as video conferencing, have made it possible to keep more personnel onshore.

Offshore drilling presents environmental challenges, especially in extreme conditions or when operations are located close to land. Platforms are designed to function in many different situations: from shallow-water steel jackets and jackup barges; to floating semi-submersibles and deepwater drillships. There are currently more than 600 mobile offshore drilling rigs in the competitive rig fleet, including jackups, semisubs, drillships, and barges.

Tags: Offshore Oil

Skandi Hercules. Image: DOF Subsea AS

DOF Subsea Bags APAC Contracts

Norway-based international subsea operating company DOF Subsea announced several…

Image: MMA Offshore

New Contracts, Extensions for MMA Offshore

MMA Offshore, the provider of marine solutions and expertise to the offshore oil and gas industry…

LOC Group Wins BP Contract

LOC Group, a provider of services to the offshore oil and gas industry, announced…

 Image: Kosmos Energy

Kosmos Strikes Oil Off Equatorial Guinea

American upstream oil company founded and based in Dallas Kosmos Energy made an offshore…

Graph: Rystad Energy

E&P Companies Struggle on RoI

International  exploration & production (E&P) are struggling to make money from offshore…

Nicolette Nye, Vice President of Communications and Member Development of the National Ocean Industries Association (NOIA) in Washington, DC.

OP/ED: Offshore Wind

Set to Soar, Taking Offshore Support Industry With it.Offshore energy development…

Image: POSH Terasea

POSH Terasea Liquidated After Default

PACC Offshore Services Holdings (POSH), an Asian operator of offshore support vessels…

Damen recently delivered a pair of FCS 3307 high-spec patrol vessels to be operated by Homeland Integrated Offshore Services (Homeland IOS Ltd) in Nigeria. Photo: Damen

Damen Patrol Vessels for Offshore Nigeria

Damen recently delivered a pair of FCS 3307 high-spec patrol vessels to be operated…

Image: Jutal Offshore

Jutal Offshore Wins Contracts Worth $490m

Chinese oil and gas techincal services company Jutal Offshore Oil Services has announced…

Graph: Rystad Energy

Equinor to be ‘Offshore Wind Major’

The multi-billion capital investment by Equinor at its new Dogger Bank Offshore Wind…

MMA Chieftain (Photo: MMA Offshore)

PG Flow to Supply Mud Agitators for MMA

Australian provider of marine solutions and expertise to the offshore oil and gas industry…

Image:  James Fisher

James Fisher Acquires SM Continental

UK's marine engineering services provider James Fisher and Sons has acquired 60%…

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