www.marin.nl/markets/oil-and-gas
‘ The offshore energy sector is going to change dramatically in the coming decade’
When talking about the deep water offshore oil & gas industry, most people immediately picture the spectacular megastructures that are simply mind- boggling in terms of their size, capital investment, technical complexity and engineering ingenuity. It is almost impossible not to be impressed by what is thrown into the open sea in search of petroleum deep down in the subsea soil.
E
qually overwhelming is that these endeavours are profitable and can compete with the obviously much
easier operations on land. Yet, it is happening and on a large scale. About 20% of global oil & gas production is coming from offshore fields. MARIN’s activities in the industry comprises the whole chain from floater design, motion analysis, structural analysis, fatigue, mooring and operation, to maintenance and decommissioning. Project Manager Offshore and Oil & Gas market coordinator, Jaap de Wilde, says that all of MARIN’s departments
have some kind of activity in the oil & gas sector, but particularly Ships, Maritime Operations, Performance at Sea and of course Offshore. Furthermore, MARIN operates a small office in Houston - the city that proclaims itself as the energy capital of the world.
Jaap outlines the current difficulties in the oil & gas market and the impact this has had on MARIN’s activities. “The oil & gas industry was severely challenged in 2020 by the unprecedented market crash that has thrown the entire industry into disarray.
At the start of 2020, the OPEC price war forced an oversupply disaster with collapsing prices and for the first time in history, this pushed West Texas Intermediate (WTI, one of the main benchmarks in oil pricing) into negative territory. The wakeup call was shortly followed by the outbreak of the coronavirus pandemic, sparking a rapid decline of the world economy and plummeting demand for crude oil. Flights were grounded, fleets were laid-up, factories were closed and workers stayed home.”
report 9
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