Page 51: of Maritime Reporter Magazine (May 2017)

Techmakers, these start-ups are being 3, Part 1 of subsea frames and pipelines. are and where you need to go. For ag- coatings of and then repair a vertical carefully watched by operators Statoil To help an operator like Statoil gain ing installations in mature areas, West- pipe, or riser. and Lundin as well as supplier-contrac- full oversight of all those projects, new ern Norway newbie, Connector Subsea “We’re bullish on offshore,” af? rms tors Aker, Kongsberg, TechnipFMC and out? t Avito Loops has an integrated Solutions, has developed a technique to Rystad’s Nikolaison, emphasizing that,

Aramco Energy Ventures. cloud solution that lays it all out in plain, remotely do pipe repairs in deep water, “That’s different than “Goldman. Deep-

New rig entity Borr Drilling — formed detailed view: projects, portfolios, cam- and contracts with BP and Shell are al- water, he notes, will see the bene? ts of by Tor Olav Troim, a former business paigns, business. ready bringing in some earnings. While the supply chain’s ef? ciency work to associate of ship and rig mogul, billion- Avito shows “your current state” and clamping a repair on a horizontal pipe date. There’ll be a rising number of in- aire John Fredriksen — is extra bullish “your desired state” … A bit like Google is hard enough, Connector, or CSS, has vestment decisions by year-end 2017 on Onshore. Borr will pay $1.35 billion Maps, it says, by showing where you managed to get its tool to remove the and rig rates will rise. to buy Transocean’s 15 jack-up rigs, in- cluding associated debt, ? ve newbuilds and their drilling order book. The new

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The big dip between 2015 and now was mostly operator cost-cutting. To- day, Statoil’s travelling presenters report the average breakeven oil price for its projects has dropped from $70 to below $30, helped by the roughly $20 oil-price breakeven made possible by economies of scale at the giant Johan Sverdrup ? eld,

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Air Products - Chem2 - 128x90 - NorShipping.indd 1 2013-04-26 10:57:55

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