Offshore Energy Industry

  • After what has seemed like the longest year ever, the offshore energy sector is emerging from a position of strength, from the standpoint of both economics and sustainability. Between the lockdowns implemented to reduce COVID-19, which reduced energy demand, to the oil price war between state-backed producers, 2020 was an unprecedented storm that hit the American offshore energy market. Now, there are unmistakable signs of a recovery, and policy makers in Washington, D.C. should embrace the opportunity before us to for sustained economic, environmental and emissions performance.

    To begin with, the resilience of the offshore energy industry during 2020 should be applauded. The U.S. offshore energy industry adapted to these unprecedented challenges, delivering energy, jobs and investment while maintaining world class environmental performance.

    Before much of the world truly grasped the significance of COVID-19, the offshore industry began industrywide coordinated action to mitigate the spread of the virus. Offshore companies and regulators quickly developed and shared best practices on mitigation measures to prevent the spread of COVID-19 in the confined spaces offshore.

    The leadership and initiative of the industry during 2020 was a stabilizing force during a turbulent time. Not only did Gulf of Mexico oil and gas production safely keep energy flowing, but we also provided hydrocarbons and the molecular building blocks integral for the medicines, face masks, surgical gowns and other medical equipment necessary to fight COVID-19.

    As momentum grew in the U.S. economy, oil prices increased and the offshore energy industry was positioned to correspondingly meet the call for rising energy demand. Between August 2020 and December 2020 daily oil production in the U.S. Gulf of Mexico increased from 1.19 million barrels of oil per day to 1.77 million barrels of oil per day.

    For the hundreds of thousands of women and men whose jobs depend on Gulf of Mexico oil and gas production, the rise in energy demand is welcome news. An estimated 50,000 jobs supported by the Gulf of Mexico oil and gas industry were lost during 2020. While most jobs and investment for the off-shore oil and natural gas industry are naturally clustered along the Gulf Coast, every single U.S. state has businesses that are part of the vendor chain. A rising tide of Gulf of Mexico oil and gas production can lift the economies and livelihoods in every state.

    Recovering energy production in the Gulf of Mexico is also a win for the environment. In the Gulf of Mexico, the advancement of technology has turned the region into an American energy and emissions asset. Gulf of Mexico oil production has a carbon-intensity one-half of other oil producing regions. Deepwater production, which accounts for 92% of production in the Gulf of Mexico, provides the lowest carbon intensity of any oil producing region.

    Likewise, along the Atlantic Coast, a new era of offshore energy is beginning—that of renewable wind energy. After years of slower-than-anticipated progress, the regulatory and permitting process for the first wave of U.S. offshore wind projects, including Vineyard Wind and South Fork Wind, is steadily progressing.

    U.S. states have established more than 29,000 MW of offshore wind procurement targets. In the near term, offshore wind developers plan to bring 9,100 MW of wind online by 2026 through 13 offshore wind projects.

    This is great news for the entire offshore energy industry. The same companies that built the Gulf of Mexico oil and gas industry are lending their experience to build out wind projects along the Atlantic Coast. Existing offshore wind projects are expected to generate 83,000 new, well-paying jobs by 2030, with the bulk of the jobs concentrated during the development and construction phase.

    With continued opportunities for new access, the offshore wind industry is poised to grow even more. Wood Mackenzie conducted a study on how beneficial the wind opportunity is for Americans. Just four lease opportunities, offshore New York, the Carolinas, Maine, and California, could generate 28 new gigawatts of clean energy and $1.7 billion in U.S. Treasury revenue by 2022. To build up these windfarms, the industry would support an additional 80,000 annual jobs and generate $166 billion in additional investment by 2035.

    Energy demand around to world continues to rise. People of all walks of life depend upon abundant, affordable, and reliable supplies of energy for maintaining a high quality of life. Around 1 billion people still lack access to electricity, and global energy needs are expected to increase by 25% by 2040.

    Without the U.S. offshore, energy consumers of today and tomorrow would be forced to turn elsewhere for their energy needs. Every barrel of oil and every watt of electricity that the women and men of the U.S. offshore sector produce is energy that our nation does have to import from state-backed producers in pollution havens such as Russia or China.

    Policymakers should recognize what our industry is achieving in the Gulf of Mexico and along the Atlantic Coast, and work with us to build even greater achievements. The offshore industry is unique in how we can provide energy safely and sustainably at such a large scale. The focus should be on embracing all forms of offshore energy—oil, natural gas and wind—and opening the door to the economic and environmental opportunities Americans desperately need.

  • American energy security. As the flood waters from Hurricane Harvey receded and Gulf coast residents embarked on the arduous road to recovery, the offshore energy industry took stock and counted its losses and blessings.    Offshore energy facilities faired remarkably well compared to onshore energy facilities

  • in underwater services. Sonat Subsea Services, a subsidiary of Sonat Inc., provides hightechnology underwater services in support of the offshore energy industry. They have headquarters in Houston with regional operations bases in Scotland and the Republic of Singapore. S&H Diving, its Americas-region

  • Company, whose first office location has been established in Calgary, Alberta. DB/McDermott Company has been formed to provide the Canadian offshore energy industry with a full range of services, including the engineering, fabrication, and installation of offshore drilling and production facilities

  • telecommunications. Commercial and sport fishing, financial institutions and geophysical exploration companies are NOIA members. The entire offshore energy industry, from marine construction to exploratory drilling through production and transportation, is committed to NOIA's objectives. Still, NOIA's

  • carries 50. Both Western Star and Wendy Star were built in 1981. All are certified by the U.S. Coast Guard. In a separate transaction with Jackson Offshore, Ltd., Ventura, Calif., Tidewater added seven crewboats and one supply vessel to its fleet by long-term lease. The transaction, effective July

  • company with assets over $2.4 billion. Sonat Subsea Services, a subsidiary of Sonat Inc., provides high technology underwater services to the offshore energy industry. Sonat Inc., headquartered in Birmingham, Ala., is a company engaged in finding and producing oil and natural gas; field services associated

  • . The 12 figures and 34 tables in the report form a base of important, factual information on major segments of the multibilliondollar U.S. offshore energy industry. As a strategic planning and marketing tool, the report's emphasis is to present rationally developed levels of growth from which organization

  • standard long-deck, 101-foot crewboats like the Capela and Atalaia are distinctive examples of the new generation of large crewboats for the offshore energy industry. Recently delivered to Jackson Bermuda, Ltd. for service off the coast of Brazil, the Capela and Atalaia can handle the chores of a crewboat

  • our international competitors." Tidewater Inc. owns and operates nearly 570 vessels, the world's largest lleet of vessels serving the global offshore energy industry

  • the U.S. defense cargo market. The shipyard also has experience in the repair and conversion of drilling rigs and semi-submersibles serving the offshore energy industry. It offers drydock and heavy-lift capacity for the largest ships trading in and around the Caribbean and Gulf of Mexico region with significant

  • . Mr. Bankston is currently a director of the Employers Information Service, Inc., and is a past chairman and member of the board of directors of the Offshore Marine Association and the National Ocean Industries Association. Mr. Koock, vice president-legal and president of Pental Insurance Co. Ltd.

  • MR Feb-24#47 MARKETPLACE
Products & Services)
    February 2024 - Maritime Reporter and Engineering News page: 47

    MARKETPLACE Products & Services www.MaritimeEquipment.com Powering the fleet for 60 years! Manufactured by MER Equipment (206) 286-1817 www.merequipment.com Join the industry’s #1 Linkedin group http://bit.do/MaritimeNetwork Vessels, Barges & Real Estate

  • MR Feb-24#44 Tech Files
Latest Products & Technologies
MarineShaft)
    February 2024 - Maritime Reporter and Engineering News page: 44

    Tech Files Latest Products & Technologies MarineShaft Yanmar Hydrogen MarineShaft specializes in urgent re- Fuel Cell AIP pair/replacement of damaged rudder and Yanmar Power Technology Co., Ltd. propeller equipment along with many (Yanmar PT), a subsidiary of Yanmar on-site repair services. MarineShaft

  • MR Feb-24#43 OPINION: The Final Word
lenges related to quality of life)
    February 2024 - Maritime Reporter and Engineering News page: 43

    OPINION: The Final Word lenges related to quality of life factors GAO made six recommendations that may affect this. Currently, reports on also affects the Coast Guard’s ability to the Coast Guard, among other things, these types of issues are expected to be retain personnel. For example, in April

  • MR Feb-24#42 OPINION: The Final Word
GAO: USCG Should Address 
Workforce)
    February 2024 - Maritime Reporter and Engineering News page: 42

    OPINION: The Final Word GAO: USCG Should Address Workforce Recruitment and Retention Challenges By Heather MacLeod, Director, GAO’s Homeland Security and Justice team he Coast Guard has strug- Coast Guard established cyberspace as vessels to determine whether they meet gled for years to recruit an

  • MR Feb-24#40 Images Seaspan Corporation/Foreship
With plans to have a)
    February 2024 - Maritime Reporter and Engineering News page: 40

    Images Seaspan Corporation/Foreship With plans to have a full-scale test engine running on am- age it'll be similar to LNG.” Looking at the engine makers and monia in early 2024, the company said it expects to hold its de- their progress, Brindley is diplomatic in saying that there is no livery timeline

  • MR Feb-24#39 15,000 TEU AMMONIA CONTAINERSHIP
000 TEU Containership
the)
    February 2024 - Maritime Reporter and Engineering News page: 39

    15,000 TEU AMMONIA CONTAINERSHIP 000 TEU Containership the problematic area of adding carbon like you have with other alternative fu- “Safety has been at the els. When you start to add components center of the design, and into that, carbon is one of the most dif- it will continue to be so ? cult ones

  • MR Feb-24#38 TECH FEATURE
Ammonia and the 15,00
A project initiated by)
    February 2024 - Maritime Reporter and Engineering News page: 38

    TECH FEATURE Ammonia and the 15,00 A project initiated by Seaspan Corporation and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) has set out to develop a design for a large 15,000-TEU ammonia-fueled container vessel. Image Seaspan Corporation/Foreship By Greg Trauthwein orking with

  • MR Feb-24#37 PTI/PTO
"In a typical LNG carrier, permanent 
magnet)
    February 2024 - Maritime Reporter and Engineering News page: 37

    PTI/PTO "In a typical LNG carrier, permanent magnet technology improves ef? ciency by 2-4% compared to synchronous machines." – Dr. Jussi Puranen, Head of Product Line, Electric Machines, at Yaskawa Environmental Energy / The Switch The Switch’s shaft generators start from <1MW and range up to 12MW+.

  • MR Feb-24#36 HYBRID 
2-stroke controllable pitch 
propeller PTO powertrai)
    February 2024 - Maritime Reporter and Engineering News page: 36

    HYBRID 2-stroke controllable pitch propeller PTO powertrain Source: MAN Energy Solutions how the system is intended to operate, says Oskar Levander, VP Strategy & Business Development, Kongsberg Maritime. For example, a primary shaft-driven PTO rotates whenever the engine is running; a secondary one

  • MR Feb-24#35 PTI/PTO
30 years ago shaft generators with PTI capability)
    February 2024 - Maritime Reporter and Engineering News page: 35

    PTI/PTO 30 years ago shaft generators with PTI capability kept container ships sailing at top speed. That purpose gone, PTI/PTO is making a new comeback in more cargo shipping segments, this time for reducing emissions. By Wendy Laursen etro? tting a shaft generator is not an insigni? - the ef? ciency

  • MR Feb-24#34 HYBRID 
Shaft Generators 
Demand on the Rise
Source: MAN)
    February 2024 - Maritime Reporter and Engineering News page: 34

    HYBRID Shaft Generators Demand on the Rise Source: MAN Energy Solutions MR #2 (34-44).indd 34 2/6/2024 8:47:46 AM

  • MR Feb-24#31 EAL  AND STERN TUBE DAMAGES
“Our recommendations 
“A good)
    February 2024 - Maritime Reporter and Engineering News page: 31

    EAL AND STERN TUBE DAMAGES “Our recommendations “A good bearing are simple. Please design is have good control over important.” your oil quality in the primary barrier, the aft – Øystein Åsheim Alnes sealing system,” Head of section for Propulsion and Steering, – Arun Sethumadhavan DNV

  • MR Feb-24#29 AMERICAN ROLL-ON ROLL-OFF CARRIER (ARC)
operate a US ?  ag)
    February 2024 - Maritime Reporter and Engineering News page: 29

    AMERICAN ROLL-ON ROLL-OFF CARRIER (ARC) operate a US ? ag ship just for the MSP customer through that global network. As an example of “clarity and con- stipend. It’s a cargo driven industry, and We are certainly a unique business unit sistency,” Ebeling points ? rst to “the those cargoes help to

  • MR Feb-24#27 AMERICAN ROLL-ON ROLL-OFF CARRIER (ARC)
“MSP really only)
    February 2024 - Maritime Reporter and Engineering News page: 27

    AMERICAN ROLL-ON ROLL-OFF CARRIER (ARC) “MSP really only works when it’s hand in glove with the cargo preference laws. Those are the laws that generate the cargo that moves on US ? ag vessels. Really, it’s cargo – those preference cargoes – that’s the key incentive for US ? ag operators in internatio

  • MR Feb-24#22 R&D
MATT HART 
Matt Hart, Manager & Platform Leader)
    February 2024 - Maritime Reporter and Engineering News page: 22

    R&D MATT HART Matt Hart, Manager & Platform Leader, Marine & Stationary Power Systems, Wabtec, offers insights on how the megatrends of decarbonization, energy transition and autonomy all inspire Image courtesy Wabtec and impact the marine power solutions from Wabtec. By Greg Trauthwein Matt, to start

  • MR Feb-24#20   ergies, Equinor, CNOOC, SBM Offshore, MODEC and BW 
will be)
    February 2024 - Maritime Reporter and Engineering News page: 20

    be the ? oating wind space, including Petrobras, Shell, TotalEn- located in the U.S and Mexican Gulf of Mexico. The region ergies, Equinor, CNOOC, SBM Offshore, MODEC and BW will be home to the largest number of FPUs, accounting for Offshore. close to half of our global forecast. A segment in transition

  • MR Feb-24#18  oil & gas and ?  oating offshore wind segments will share)
    February 2024 - Maritime Reporter and Engineering News page: 18

    White Paper. Floating Production – A growing segment in transition © AdobeStock_Dolores Harvey The specialized deepwater oil & gas and ? oating offshore wind segments will share many of the same stakeholders and supply chains, competing for increasingly scarce resources. By Philip Lewis, Director

  • MR Feb-24#16  by cargo ship operators, offshore support vessel 
restrict)
    February 2024 - Maritime Reporter and Engineering News page: 16

    with a well-known ferry operator, while we’ve been gine to run on methanol is feasible, the fuel storage issue may approached by cargo ship operators, offshore support vessel restrict a ship to short voyages or demand more frequent bun- owners, tug companies, shipyards in Europe and Asia, and by kering

  • MR Feb-24#13 motion, strikes, riots, and looting, is a new top ?  ve)
    February 2024 - Maritime Reporter and Engineering News page: 13

    motion, strikes, riots, and looting, is a new top ? ve risk for the marine and shipping industry this year at 23%. Businesses and their supply chains face considerable geo- political risks with war in Ukraine, con? ict in the Middle East, and ongoing tensions around the world. Political risk in 2023

  • MR Feb-24#12 Maritime Risk 
Top Marine Business Risks in 2024
By Rich)
    February 2024 - Maritime Reporter and Engineering News page: 12

    Maritime Risk Top Marine Business Risks in 2024 By Rich Soja, North American Head Marine, Allianz Commercial yber incidents such as ransomware attacks, data linked to several large ? re incidents at sea in recent years. breaches, and IT disruptions are the biggest worry Regularly assessing and updating

  • MR Feb-24#9 Simulation is a great example. This  addressing the)
    February 2024 - Maritime Reporter and Engineering News page: 9

    Simulation is a great example. This addressing the challenges of cultural novation, and a dedication to continuous technology offers a great avenue for and language barriers in training, the improvement, we can ensure a safer and improvement, providing realistic train- industry can not only improve

  • MR Feb-24#8 Training Tips for Ships
Tip #56
Addressing Cultural and)
    February 2024 - Maritime Reporter and Engineering News page: 8

    Training Tips for Ships Tip #56 Addressing Cultural and Language Barriers in Maritime Training By Murray Goldberg, CEO, Marine Learning Systems n the maritime industry, our inherently diverse workforce ciency. So what, speci? cally, are the issues and what can we is both a great value and a source of

  • MR Feb-24#6  traditional diesel is still 
Offshore Energy Editor
Amir Garanovic
n)
    February 2024 - Maritime Reporter and Engineering News page: 6

    transition and alternative fuels are [email protected] a global commerce enabler and a bedrock of everywhere. While traditional diesel is still Offshore Energy Editor Amir Garanovic national and economic security again comes the overwhelming fuel of choice powering [email protected] to

  • MR Feb-24#4   mercial maritime and offshore  Coast Guard and maritime)
    February 2024 - Maritime Reporter and Engineering News page: 4

    Hemmen One full year (9 printed issues) $140.00; two years $180.00 (18 printed issues) including postage and handling. Galdorisi mercial maritime and offshore Coast Guard and maritime secu- George Galdorisi is a retired industries since 2013. rity issues, including Coast Guard naval aviator. He enjoys