Oil Rigs: The End Of It’s Working Life

by | Sep 14, 2016 | Blog, Oil & Gas, Video

https://www.youtube.com/watch?v=SKO1rhEHtzI Offshore oil and gas platforms are some of our largest manmade objects. They are built to survive drilling disasters, hurricanes and icebergs. But once they’ve done their job, dismantling them is an expensive ordeal...

Extreme Machines: Oil Rig (Eirik Raude)

by | Sep 14, 2016 | Blog, Oil & Gas, Video

https://www.youtube.com/watch?v=R1Bve8YcEhI Semi-submersible rigs make stable platforms for drilling for offshore oil and gas. They can be towed into position by a tugboat and anchored, or moved by and kept in position by their own azimuth thrusters with dynamic...

Gas Platform Decommissioning (Strip Down)

by | Sep 14, 2016 | Blog, Oil & Gas, Video

https://www.youtube.com/watch?v=LKIcWDdSDXg A fixed platform is a type of offshore platform used for the production of oil or gas. These platforms are built on concrete and/or steel legs anchored directly onto the seabed, supporting a deck with space for drilling...

What Low Oil Prices Really Mean

by | Mar 29, 2016 | Oil & Gas

Since the start of 2016, oil prices have swung between $27 and $42 per barrel, about a quarter of the 2008 peak crude oil price of $145. On February 16, oil ministers from Saudi Arabia, Russia, Qatar, and Venezuela agreed to a tentative deal to freeze their production...