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INDUSTRY REVIEWUPSTREAM OIL & GAS


The Barrus executive also agreed that the


general focus of global oil and gas industry investment in upstream operations is now switching away from shale operations and back to the conventional sector. “The development and production of


shale oil and gas is a high-tech and expensive process. With current prices per barrel, many oil and gas companies have shifted their focus away from shale production.” Brazil, too, looks set to benefit from a


switch back to conventional exploration activities, particularly offshore. “In Brazil, we are clearly seeing a return to conventional exploration and production, a trend highlighted by the current appetite of the major international oil companies for the procurement of goods and services,” said Vidal.


Investment in Brazil “Within that overall picture, Brazil is definitely experiencing an increase in offshore investment. Pre-salt production [oil deposits located offshore under deep, thick layers of rock and salt] in this country has already surpassed that of the post-salt and onshore fields together,” Vidal added. Furthermore, Laura Ravanhani, project


business development for freight forwarder FOX Brasil, said the company is stepping up its involvement in the upstream oil and gas sector through the establishment of a dedicated business unit. “Investment in offshore oil and gas is


picking up again. We are participating in the main Brazilian fairs for this industry, talking with national and international players, and their expectations are positive,” she reported. Looking ahead, Geodis’ Abreu believes


that a lot of international oil and gas companies are becoming “very aggressive” in terms of where they are now drilling to try to discover oil and gas. “Exploration is taking place in some very


unique locations, including offshore drilling in new places like Lebanon, Nicaragua and French Guyana,” he said. In many of those locations, continued


Abreu, there are not many heavy lift and project forwarding services available locally, or at least not from companies that can meet the safety, health and environmental standards demanded by the big international oil and gas companies. “So that is opening up logistics business opportunities for global providers with extensive international networks,” he claimed. However, Abreu also suggested that shale


oil and gas will remain a significant market for project logisticians. “I think the shale industry is long term and sustainable, and


96 January/February 2020


Antonov Airlines loads an


upstream oil and gas industry project cargo shipment.


while it is no longer seeing the boom of a few years ago, it will continue to grow incrementally and be an important part of the overall oil and gas industry,” he commented. William Hill, executive group vice


president for GAC Energy, which provides logistics support across the full span of oil and gas production worldwide, voiced a similar view. “GAC has observed a greater focus on


[offshore] operations in the Gulf of Mexico, but we believe that those conventional upstream activities are complementary to the USA’s considerable shale extraction sector,” he stated.


Bart Bevacqua, US director of sales and


business development for LV Shipping (USA), delivered an even more bullish assessment of prospects for shale oil and gas. “We have seen recent energy industry reports and presentations which suggest that the shale sector is in fact going to remain stronger than maybe some sources are suggesting. “That applies particularly in North


America, including Canada and Mexico as well as the USA, but we are also seeing the same trend in other parts of the world.”


Infrastructure upgrades LV Shipping’s current activities include supporting a major global energy company’s onshore infrastructure upgrades in the USA and Canada, and several onshore rig mobilisations from the Czech Republic to Oman and Mozambique. Bevacqua highlighted a recent


Exploration is taking place in some very unique locations, including offshore drilling in new places like Lebanon, Nicaragua and French Guyana. – George Abreu, Geodis Industrial Projects


presentation from Jarand Rystad, ceo at Rystad Energy. Under the heading ‘Energy financing to change’, the executive suggested that while 1970-2015 had been the era of the offshore mega project with large bespoke projects typically valued at USD1-10 billion and financed by the oil companies themselves, 2015-2034 would be the shale oil and gas era with individual projects of USD5-50 million financed by a mix of private enterprise, funds, operational cash and asset sales. “At LV Shipping, both in the USA and


worldwide, we are using that premise as the basis for our commercial positioning in the markets associated with that anticipated investment and projects,” explained Bevacqua.


HLPFI www.heavyliftpfi.com


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