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38 new UK offshore projects could be sanctioned by 2022, Rystad says

first_imgSpotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit. Energy intelligence group Rystad Energy expects a new wave of UK field development projects to be sanctioned towards 2022.In an analysis released on Tuesday, Rystad said the final investment decisions (FIDs) could be reached on as many as 38 new UK offshore projects over the next three years, representing $22.6 billion in greenfield expenditure if UK prospective resources live up to expectations.Audun Martinsen, head of oilfield services research at Rystad Energy: “If operators’ plans play out as intended, the 38 potential project commitments expected over the next three years will provide fertile ground for contractors, and a quick look at successful UK North Sea service companies from the recent past sheds some light on who may capture this growth in the near future.”“After several tough years, the sun may finally be ready to shine again on the UK offshore market,” Martinsen remarked on the opening day of Offshore Europe.Rystad has reminded that the UK offshore greenfield investments were seriously hit during the downturn, decreasing from a peak of $20 billion in 2013 to a “paltry” $550 million in 2016. This then led to oilfield service unit prices in the region to fall by 27% on average.Sharp rise in 2020. Hurricane’s Lincoln largest“Rystad Energy expects the number of UK project commitments to shrink slightly this year before rising sharply in 2020 and again in 2021, when we forecast a new peak with about 18 FIDs worth a combined $9.3 billion. We expect to see far fewer projects sanctioned in 2022 – only around seven – but they include some major developments and the collective capex commitment should still be large, projected at $8 billion,” Rystad said.“The largest single development on the list is Hurricane’s Lincoln project, at an estimated $5.4 billion, albeit recognizing that its schedule could be hindered depending on the viability of its fractured basement reservoir,” Martinsen said.Hurricane Energy in 2016 discovered a significant oil column at the Lincoln prospect. The company on Monday said it was preparing for drill stem testing at its Lincoln Crestal well, located in the Greater Warwick Area offshore the UK.Cambo largest by 2019 endLooking at the months ahead Martinsen said: “The largest project likely to be sanctioned before the end of this year is the $1 billion first phase of Siccar Point’s Cambo development.”The Cambo field, located 125km northwest of the Shetland Islands and in a water depth of 1100 meters, was discovered in 2002, and subsequently had four appraisal wells drilled up to 2012 and a final successful appraisal well was drilled and flow tested by Siccar Point during the summer of 2018.Siccar last week awarded an exclusive Front-End Engineering and Design (FEED) contract to Sembcorp Marine for the design of a Sevan cylindrical FPSO for the Cambo field.last_img read more

Syracuse defense shuts down Albany in 15-3 win

first_img Comments Published on February 15, 2020 at 12:11 pm Contact Roshan: [email protected] | @Roshan_f16 Asa Goldstock banged the metal handle of her stick against the right goal post midway through the first half. She made sure she had the entire cage covered, then locked in on the Albany attack eight meters away. Seconds later, she extended her stick to the right to make a save.Monday, after conceding 14 goals and then getting benched by head coach Gary Gait, Goldstock threw her stick and gloves on the sidelines in frustration. The confidence wasn’t there. But Saturday, as she stood up to the challenge to make one of three saves on the day, it was clear that she rediscovered whatever was missing against Stony Brook. “Maybe I had a good game, but also I only saw three shots,” Goldstock said. “It’s mostly the defense getting all the stops — they got way more saves then I did today.” That lockdown performance from Syracuse’s (2-1) defense and Goldstock, paired with the team’s ability to balance patience with electric individual play on the transition, helped the Orange beat Albany (0-1) 15-3. It was the first time since 2017 that Syracuse held its opponent to three or fewer goals. Saturday morning, after the No. 4 Orange conceded 17 goals in last Monday’s one-goal loss to Stony Brook, they kept a clean sheet in the first half and did not concede until 11 minutes into the second half. Goldstock recorded her first career shutout. AdvertisementThis is placeholder textAll game, SU’s defenders crowded the 12-meter arc, hustling to get numbers back and face the ball. Tight man-marking and pressure from the defensive unit limited the number of shots Goldstock had to face from within eight meters. Goldstock had so much faith in Kerry Defliese and Allyson Trice that the goalkeeper even vacated her net when Albany was attacking on two separate occasions to intercept a pass. “The difference (between today and Monday) is we’re getting those transition goals,” Goldstock said. “We’re getting the ball to the offense and they’re scoring, and when they score we feel better.” The Orange took full advantage of the transition and the counterattack when opportunities presented themselves. At the end of the first half, Sam Swart collected a loose ball at SU’s 10-yard line — 10 seconds later, she was at the Albany 10-yard line. Sprinting the length of the field at full speed, the Great Danes defense had no option but to foul Swart as she entered the 8-meter arc. She scored on the ensuing free position play. Jordan Phelps | Staff PhotographerSingle-handedly, Swart’s efforts ignited the counterattack goal. But SU didn’t run full speed at Albany for the entire game, the way Swart did for the team’s eighth goal. “That goes back to my teammates and cutting open and moving around. That’s why it worked,” Swart said. The Orange picked their moments. They showed patience and composure, moving the ball around Albany’s cage until an opportunity for an offensive spark presented itself. Against an Albany team playing in its season opener, SU controlled possession around the Great Danes’ goal for multiple minutes at a time, connecting on as many as 15 passes. With less than nine minutes remaining in the first half, the Orange swung the ball from right to left and behind the cage and in front, eventually finding Megan Carney. Running from left to right around the 8-meter arc, she rounded her defender and found a wide-open lane to shoot. Just like Swart’s play late in the first half, Carney took the opportunity to bring the offense to life with an electric individual play. And just like Swart, it worked.  In addition to outshooting Albany 33-12, the Orange spent the majority of the game in the Great Danes’ half of the field. Even Goldstock spent time in Albany’s half. For Syracuse’s fourth goal, she carried the ball past midfield before she connected on a 30-yard pass which flew over Albany’s entire midfield. Quick transitional passes from SU’s midfielders got the ball to Hawryschuk, who found a wide-open Carney for her first goal of the night. She’d finish the game with a team-high 5 goals. Swart, who slotted three goals, combined with Carney to make up for Emily Hawryschuk’s quiet two-goal performance. After struggling to take full advantage of the free position in its first two games, SU’s composure was on display as it scored on three of five of its chances during the first half. Defensively, Syracuse applied pressure on the free position and cut off Albany’s players, making them “easy shots to save from the goalie position,” Goldstock said. Gait said the team had a “long week of reflection” to learn from the Stony Brook loss. “Our defense certainly stepped up,” Gait said. “We just didn’t have a let down. We stayed mentally focused for the first 30 minutes and held them scoreless, so we did a really great job.”center_img Facebook Twitter Google+last_img read more

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