Mar­kets

OffComm News - - COMMS NEWS -

Strong field in­ter­est in the North

A to­tal of 26 com­pa­nies have sub­mit­ted ap­pli­ca­tions to the Min­istry of Pe­tro­leum and En­ergy for new ex­plo­ration acreage in the 23rd li­cens­ing round on the Nor­we­gian Con­ti­nen­tal Shelf. "New ex­plo­ration acreage is cru­cial for long- term ac­tiv­ity and value cre­ation in the pe­tro­leum sec­tor, and thus em­ploy­ment through­out the coun­try. It is there­fore en­cour­ag­ing that so many com­pa­nies have sub­mit­ted ap­pli­ca­tions, and that there is com­pe­ti­tion for many of the blocks, in par­tic­u­lar for the newly opened area off the coast of East Fin­n­mark," said Min­is­ter of Pe­tro­leum and En­ergy, Tord Lien. The 23rd li­cens­ing round tar­gets the part of the Bar­ents Sea, which the Nor­we­gian par­lia­ment, Stortinget, de­cided to open for pe­tro­leum ac­tiv­ity in 2013. The Min­istry is pro­cess­ing the ap­pli­ca­tions with the aim to award new li­cences be­fore the sum­mer of 2016.

Rus­sia looks to the Amer­i­cas

Else­where, Rus­sian oil com­pa­nies have re­fo­cused on strength­en­ing their in­ter­na­tional po­si­tions through the ac­qui­si­tion of ex­plo­ration and pro­duc­tion as­sets in ge­ogra­phies out­side Rus­sia, with coun­tries in the Amer­i­cas pro­vid­ing a num­ber of po­ten­tial part­ner­ships in the long term, ac­cord­ing to an­a­lysts with re­search and con­sult­ing firm Glob­alData. “With gov­ern­men­tal sup­port, coun­tries not orig­i­nally pri­or­i­tized for in­ter­na­tional ex­pan­sion are be­ing iden­ti­fied as po­ten­tially strong political, trade, and in­vest­ment part­ners for Rus­sian oil com­pa­nies. Cur­rently, they have their sights firmly on the Amer­i­cas, hav­ing ex­pressed in­ter­est in fu­ture gas projects in Mex­ico, Ar­gentina, Venezuela, and Bo­livia, among oth­ers,” said Adrian Lara, Glob­alData’s se­nior up­stream an­a­lyst over­see­ing the Amer­i­cas divi­sion.

Latin Amer­ica, Asia- Pa­cific, and Africa in deep­wa­ters

Re­gard­ing de­vel­op­ments for Mex­ico, RigNet a global provider of man­aged re­mote com­mu­ni­ca­tions for the oil and gas sec­tor, is mov­ing ahead with plans to ac­quire TECNOR. TECNOR is a provider of re­mote comms and SCADA of­fer­ings in Mex­ico. With com­bined ef­forts, the deal should help ac­cel­er­ate rev­enue growth for the com­pa­nies and of­fer a wider range of con­nec­tiv­ity op­tions firstly in Mex­ico, and then later on in Latin Amer­ica. This could be a timely trans­ac­tion as other re­cent analy­ses in­di­cate grow­ing de­mand for deep­wa­ter ac­tiv­i­ties in the Asia- Pa­cific re­gion. Ac­cord­ing to a re­port en­ti­tled: Off­shore Drilling Rigs Mar­ket by Type, Ap­pli­ca­tion & Ge­og­ra­phy – Global Fore­cast to 2019 from Re­search and Mar­kets, the largest mar­kets for off­shore drilling rigs ( jack­ups, semi- sub­mersibles, and drill ships) are iden­ti­fied as Latin Amer­ica, Asia- Pa­cific, and Africa. And fi­nally, one of the largest marine and oil ser­vice com­pa­nies in the world, Maridive Group, is busy up­grad­ing its off­shore sup­port ves­sels with Mar­link’s VSAT WaveCall Plus ser­vices. In do­ing so, the com­pany aims to im­prove its op­er­a­tions, client and crew comms. The lat­est up­grades are for five ves­sels op­er­at­ing in Venezuela and Brazil.

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