Steve Robertson

FPSO

U.S. Onshore Costs Making Deepwater Attractive

By Steve Robertson 2018-01-23 16:53:15

Offshore – dead and buried, thanks to onshore shale? Not quite. The oil field services world moves fast. Data from the Energent team in Houston indicates that consumption of sand for hydraulic fracturing in the onshore U.S. market hit new highs of over 30 billion pounds (13.6 billion kilograms) in Q2 last year, topping the previous peak in 2014, despite only half the number of land rigs working. The U.S. completions market is running in overdrive. But how does this...

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oil

Offshore - A Lost Cycle?

By Steve Robertson 2017-08-06 17:59:28

During the last sector boom leading up to 2014, the industry invested heavily in new equipment and infrastructure to support a level of activity that has yet to return. This has had and continues to have brutal implications for asset-heavy businesses, but particularly offshore, where the investment required to build a rig or a high-end construction vessel is measured in the hundreds of millions or even billions of dollars. In the offshore sector there is simply far too much capacity...

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