- Author: Rachel Carmichael
- Keywords: Oil & Gas, Oil and gas
- Extended application of corrosion resistant alloys
- Guidance for qualifying materials in compliance with API 17TR8 HPHT design guidelines for subsea equipment
- Increased consistency for sour service testing and assessment
- Sour HPHT fatigue testing for clad subsea components
- Prediction of internal flow induced vibration of complex subsea pipework
- Jumper VIV instrumentation and field measurements - expanding ongoing JIP
- Safe assessment of embedded flaws in sour pipelines.
According to a recent research report published by DNV GL1, one-third of North American respondents are concerned that they do not have a strategy in place to maintain innovation in a declined market. However, 31% see greater involvement in JIPs as a priority over the next 12 months, while four in ten want to increase collaboration with other industry players (40%).
The report also found that six out of ten (60%) respondents agreed that operators will increasingly push to standardize their approach globally - up from 42% in 2015. Only 9% expect an increase in spending in R&D and innovation, a figure that has been cut by more than half in two years, from 20% in 2014.
“Like the global oil and gas industry, companies in North America are braced for an extended period of lower oil prices, which is leading to continued pressure on cost management. However, it is encouraging that there is still enthusiasm to work together and drive greater standardization and reduce inefficiencies. The success of our collaborative approach has seen the introduction of new industry standards and practices which help advance innovation and reduce complexity,” continued Peter Bjerager. In total, 43 DNV GL-led JIPs have been initiated globally this year, in addition to the launch of a new Step Change innovation program to help customers leverage opportunities from digitalization.
DNV GL’s ‘Technology Outlook 2025’ report predicts and showcases technology trends across a number of industries.
For oil and gas, key developments include digitalization, connectivity, automation and remote operation.
1. A New Reality: the outlook for the oil and gas industry in 2016 is an industry benchmark study from DNV GL, the leading technical advisor to the industry. Now in its sixth year, the programme builds on the findings of five prior annual outlook reports, first launched in early 2011. During October and November 2015, we surveyed 921 senior professionals and executives across the global oil and gas industry. More than a third (35%) of respondents work for oil and gas operators, while 60% are employed by suppliers and service companies across the industry. The remaining respondents come from regulators and trade associations. The companies surveyed vary in size: 40% had annual revenue of USD 500m or less, while 14% had annual revenue in excess of USD 10bn. Respondents were drawn from publicly-listed companies and privately-held firms. They also represent a range of functions within the industry, from board-level executives to senior engineers.
A New Reality: the outlook for the oil and gas industry in 2016