Carbon capture and storage: moving beyond localised projects to integrated carbon storage networks
Axiom EMI explores the scalability of carbon capture and storage solutions and the potential opportunities presented to the offshore oil and gas service sector. Carbon capture and storage (CCS) is expected to play an ever-increasing role in the mitigation of CO2 emissions. Projects to date have been a mix of CCS and carbon capture […]
The fixed production market – Axiom explores the potential for carbon emission reduction through the electrification of offshore facilities
Axiom EMI: the fixed platform market is forecast to witness c.500 platform installations over the next 5 years, 22% fewer than we expected pre-downturn. In this article, Axiom explores how the electrification of these facilities, and those platforms already in production, can have a meaningful impact on the carbon intensity of offshore oil and gas […]
The offshore floating production market – Where are we now? Where are we going?
Axiom EMI: as a result of Covid-19 and low oil prices, the oil and gas floating production market is expected to shrink by 20% over the next five years. In this article, Axiom explores the potential for floating wind and aquaculture to mitigate some of this market contraction. The above chart highlights Axiom’s view on […]
Translating subsea project delays and cancellations into year-on-year subsea installation activity
Axiom EMI: It will take three years before subsea tree installations recover to 2019 levels. The previously expected market rebound has been put on hold with subsea players preparing for further challenging years. As discussed in our previous post (https://axiomemi.com/quantifying-the-impact-of-covid-19-and-low-oil-price-on-the-subsea-market/), we estimate that the Covid-19 pandemic and low oil price environment has eroded the subsea […]
Quantifying the impact of Covid-19 and low oil price on the subsea market
Axiom EMI: supply chain over-correction to subsea project delays will result in a weaker service sector, further schedule delays and cost escalation. Is the sector as badly impacted as the rhetoric has us believe? The below chart highlights Axiom’s view on how the 2020-2024 subsea market forecast has evolved through February to June 2020. Our […]
Axiom EMI at Subsea Expo 2019
Axiom EMI’s Presentation for Subsea Expo 2019, with James Hall talking during the UKCS revitalization session: The UK North Sea sector has a considerable number of undeveloped marginal discoveries that, under the right economic and collaborative environment, would positively impact UK production. This presentation is high-casing potential developments, discussing options for achieving production and exploring ways […]
Axiom EMI Ltd. Launched
Axiom EMI Ltd. is a newly established, yet highly experienced research and advisory firm focused on the global offshore energy markets. Our expertise spans the entire sector, from exploration and appraisal through to EPIC, life-of-field and decommissioning. Our team of industry professionals has more than 30 years’ experience providing insight-driven advisory services, often to the […]