Page 7: of Offshore Engineer Magazine (Mar/Apr 2020)

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EDITOR’S LETTER

Maintaining balance irst and foremost, I sincerely hope that you, your family, friends and colleagues are all safe during these unprecedented and uncertain “WHILE (GOM) BIDDING times. If you are reading this, I’ll assume that perhaps you are viewing

DID TAKE A TOUGH it online, from your home or other ‘social distanced’ workspace, in

F

HIT, IT COULD HAVE somewhat of a surreal haze wondering “what just happened?” I will not even

BEEN SUBSTANTIALLY try to put a pretty spin on the world of offshore oil and gas at the moment,

WORSE DUE TO THE because I don’t think even the most seasoned Beltway Spin Doctor is up to

UNPRECEDENTED the task. For an industry that has endured more than its fair share of ups and

NEAR-TERM FINANCIAL downs, early 2020 will serve as a benchmark for geopolitical, business and

CONSTRAINTS CREATED social studies for a generation to come.

BY THE COVID-19 VIRUS

The ‘bad news’ is apparent and ubiquitous at the moment. I do not have

AND THE OIL PRICE a crystal ball to determine how long this will last, how deep this will cut, but

WAR BETWEEN SAUDI

I can say with 99.99% certainty that it will end and sooner than later we will

ARABIA AND RUSSIA. all be back to business. Maybe not business as normal or as we knew it, but business nonetheless.

LONG-TERM PROJECTIONS

From even the most dire of times there are always silver linings, good news

FOR ENERGY DEMAND, stories that emerge illustrating how strong will and hard work are a timeless

INCLUDING OIL AND elixir to help heal many wounds. To that end, I and the entire Offshore Engineer/

NATURAL GAS, SHOW

OEDigital.com editorial staff are eager to hear from you, to share your stories in

STRONG GROWTH FOR pictures, video and words across our print, electronic and social media channels.

THE FORESEEABLE

Many challenges are met with tech or business solution, which has been the

FUTURE. OFFSHORE hallmark of this industry and has been our privilege to share.

PROJECTS ARE

My ?rst disclaimer with this edition is much of the copy was ?led before the

UNDERTAKEN WITH THE full effects of COVID-19 was realized. So while some of the market insights

LONG-TERM OUTLOOK IN presented might seem off-kilter with market conditions on the day you read

MIND.” it, much of the technical information – the hallmark of the Offshore Engineer brand since 1975 – is valid and spot-on. Elaine Maslin in Aberdeen, Jennifer

ERIK MILITO

Pallanich in Houston and William Stoichevski in Oslo all share with you their signature insightful reporting on deepwater, subsea tiebacks and ?ow assurance,

PRESIDENT, NATIONAL among others in this edition. We also welcome Erik Milito, president of NOIA,

OCEAN INDUSTRIES who took the time to share his insights on the development of offshore wind,

ASSOCIATION (NOIA) starting on page 46.

Gregory R. Trauthwein

Editorial Director & Associate Publisher [email protected] #$'*'*/;;<;==>#$'?F'