Page 51: of Maritime Reporter Magazine (May 2017)

The Marine Propulsion Edition

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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

WELCOME TO company will own 17 rigs. Earlier in

OUR STAND 2016, Borr agreed to buy two Hercules

D03-28A AT

Offshore jack-ups.

NOR-SHIPPING

The Petoro document that con? rms there’s been lots of drilling off Norway lately also adds that much of it has been

PERFECTION and will be from oil platforms. Fixed installations are ? ne for newbie Well

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Genetics’ DNA-based tracer technol- ogy to help oil companies better track

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Helkama Bica Oy, Lakimiehenkatu 4, 20780 Kaarina the industry surveys of Statistics Nor- tel. +358 2 410 8700, sales@helkamabica.? way put oil? eld investments for 2017 at $21.8 billion, 13 percent less than in 2016 on cancelled exploration wells but

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Massive Spend

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,

Air Products has been Pioneers in the Nitrogen where the ? rst subsea infrastructure, a water-injection template, has just been market since 1982 and more than 1.00 marine N2 installed, the ? rst of many. Supplier for- committed to the quality of the[SVPH¾IIX generators have been installed onboard ships. tunes are expected to rise in capital-in-

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

MR #5 (50-57).indd 51 MR #5 (50-57).indd 51 5/8/2017 11:36:51 AM5/8/2017 11:36:51 AM

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