Even a company that has successfully been building pipelines and other infrastructure for more than 100 years knows when it’s time to modernize to meet the fast-paced challenges of the 21st century energy business.

The United States closed out 2012 with a technically recoverable natural gas resource potential of 2,384 Tcf - the nation’s highest level during the 48 year history of the nonprofit Potential Gas Committee’s (PGC) biennial report.

Increasing gas demand, coupled with the requirement for short- to medium-term import solutions, has seen the floating regasification sector experience rapid growth in recent years. The industry has grown from the Gulf Gateway unit (2005-2012) to ten operational vessels in 2012. Similarly, the floating liquefaction market is gaining traction with the first base load FLNG liquefaction terminal due onstream in 2016.

The UK oil and gas sector could create more than 34,000 new jobs within the next two years according to research from Lloyds Banking Group. However, the bank added that a skills shortage in the sector remains its biggest challenge.

As the distance of large-scale offshore tie-backs continue to extend, this presents fresh challenges in terms of pipeline design. As pipelines and flowlines are custom-designed, this provides opportunities for re-thinking during the concept, front-end and pre-feed stages of a project. This early investment in overall system design will help avoid nominal design ratings and “standard” designs – which can result in over design - a problem which is all too common.

The shale plays in North America with their enormous reserves of natural gas-related resources offer extensive opportunity for multiple national and industry payoffs. In addition to providing the potential gift of energy independence for years to come to our nation, the development of this vast resource has the chance to positively impact our nation’s general economy and its job creation capability.

The worldwide financial crisis and subsequent recession, shale gas implications on U.S. natural gas prices and the aftermath of the Macondo incident have led to significant changes in the outlook for the U.S. Gulf of Mexico. Despite those obstacles, Quest Offshore's latest market report, Quest Deepwater Review: Gulf of Mexico, predicts a bright future for the GOM with a pronounced recovery expected in all major market segments from drilling to subsea, floating production and marine construction.

Statoil and its partners have chosen a concept for the Skrugard development in the Barents Sea that includes a floating production unit with a pipeline to shore and a terminal for oil from the Skrugard field at Veidnes outside Honningsvåg in Finnmark.
Statoil’s Øystein Michelsen, executive vice president for Development and Production Norway (DPN), said the field is scheduled to come on stream in 2018.

Global demand for energy continues to grow, especially in developing countries such as China and India, as the oil and gas industry continues to search for new sources of energy. Increasingly, oil and gas are found in challenging areas, such as deep water, arctic regions and politically challenged regions of the world.

With the intense controversy surrounding the proposed Keystone XL Pipeline construction, unprecedented attention is being placed on the transportation of unconventional crude oil products, in this case diluted bitumen originating in the vast tar sands of Western Canada.

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