Page 4: of Offshore Engineer Magazine (Jan/Feb 2024)

3 5

EDITOR’S LETTER floating’s future

Welcome to 2024 and the continued geopolitical quagmire that will defne the year. And while there are as many questions as answers, one thing that seems a lock is the continued bull run of the Floating V ol. 49 No. 1

ISSN 0305-876x USPS# 017-058

Production sector.

According to the latest deepwater foating production forecast 118 East 25th Street, from Intelatus, foating production activity in the oil & gas sector is

New York, NY 10010 set to grow at an average 25 foaters per year through 2030, and the tel: (212) 477-6700; fax: (212) 254-6271 foundations are in place for continued activity through the next decade.

www.OEDigital.com

There will be more than 260 foating production systems installed globally by the end of 2023. More than 185 new foaters will be in-

EDITORIAL stalled by the end of 2030, of which 70% will be FPSOs, close to 20%

GREGORY R. TRAUTHWEIN

Editor & Publisher

FLNGs and foating production units without storage (semi-subs, TLPs and spars) over 10%.

AMIR GARANOVIC

Managing Editor

While niche, the foating production projects are mammoth, capital- [email protected] intensive engineering endeavors. While hot, the sector faces plenty of

BARRY PARKER, New York headwinds, from a dearth of qualifed contractors and shipyards to bid and

WENDY LAURSEN, Australia take the projects to completion; the continued supply chain spasms that have all industries looking for a ‘plan b’; and last, but certainly not least,

PRODUCTION / GRAPHIC DESIGN

NICOLE VENTIMIGLIA the diffculty and expense of fnancing these multi-billion dollar endeavors [email protected] in today’s high interest rate environment.

SALES

Another challenge, though admittedly one further down the line,

TERRY BREESE, VP Sales centers on the emerging foating offshore wind sector, as this emerging +1 (561) 732-1185 | [email protected] technology and industry will share many of the same resources, technol-

JOHN CAGNI ogies and techniques as the traditional foater sector. Earlier this month [email protected] | +1 631-472-2715

I was in Houston for Floating Wind Solutions 2024, as small but well-

FRANK COVELLA [email protected] | +1 561-732-1659 attended conference and exposition that brought in high-level executive from across the offshore energy and maritime markets. Though this was

TRICIA GARRETT [email protected] | Tel: +1 516-441-7254 my frst Floating Wind Solutions event, I’ve already made plans to put the 2025 event on my calendar.

MIKE KOZLOWSKI [email protected] | +1 561-733-2477

Looking more broadly, this month Wendy Laursen takes a deep dive

Check out the into Carbon Capture and Storage technologies, an area of keen interest to

GARY LEWIS, Panama (516) 441-7258 | [email protected] 2024 Media offshore operators today in the continued push to manage and reduce the

Kit via the QR carbon footprint of offshore oil and gas operations. In this edition, Laursen

CORPORATE STAFF

Code Below looks specifcally at Digital solutions that are accelerating the progress re-

CEO quired to ensure CCS earns its place in climate change mitigation history.

JOHN O’MALLEY [email protected]

President & COO

GREGORY R. TRAUTHWEIN [email protected]

IT Director

VLADIMIR BIBIK

Gregory R. Trauthwein

Public Relations

MARK O’MALLEY

Editor & Publisher [email protected] [email protected]

Accounting m: +1-516.810.7405

ESTHER ROTHENBERGER [email protected]

Circulation

OFFSHORE ENGINEER (ISSN 0305-876X) is published bi-monthly (6 times per year) by AtComedia,

KATHLEEN HICKEY [email protected]

Inc. 118 East 25th St., 2nd Floor, New York, NY 10010-1062. Periodicals postage paid at New York, NY and additional mailing offces.

SUBSCRIPTION

POSTMASTER: Send All UAA to CFS. NON-POSTAL AND MILITARY FACILITIES send address

To subscribe please visit: corrections to Offshore Engineer 850 Montauk Hwy, #867 Bayport, NY 11705 www.OEDigital.com

The publisher assumes no responsibility for any misprints or claims or actions taken by advertisers. The publisher reserves the right to refuse any advertising. Contents of the publication either in whole or part may

Email: [email protected] not be produced without the express permission of the publisher.

Web: www.OEDigital.com

All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means t: (212) 477-6700 mechanical, photocopying, recording or otherwise without the prior written permission of the publishers.

4 OFFSHORE ENGINEER OEDIGITAL.COM