• 4 minutes Why Trump Is Right to Re-Open the Economy
  • 7 minutes Did Trump start the oil price war?
  • 11 minutes Covid-19 logarithmic growth
  • 15 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 18 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 57 mins America’s Corona Tsar, Andrew Fauci, Concedes Covid-19 May Be Just a Bad Flu With a Fatality Rate of 0.1%
  • 1 hour TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 36 mins Saudi Arabia Can't Endure $30 Oil For Long
  • 4 hours Hillary Clinton tweeted a sick Covid joke just to attack Trump
  • 3 hours Where's the storage?
  • 3 hours Oxford Epidemiologist: Here’s Why That Covid-19 Doomsday Model Is Likely Way Off
  • 1 min Russia's Rosneft Oil Company announces termination of its activity in Venezuela
  • 12 hours China extracts record amount of natural gas from Gas Hydrates in South China Sea
  • 44 mins Western Canadian Select selling for $6.48 bbl. Enbridge charges between $7 to $9 bbl to ship to the GOM refineries.
  • 8 hours Dr. Fauci is over rated.
  • 19 mins Wait till America opens their Q1 401k Investment Statements and see they have lost 35% of their retirement savings. They can blame the Authoritarian Chinese Communist Party..
  • 2 hours There are 4 major mfg of hydroxychloroquine in the world. China, Germany, India and Israel. Germany and India are hoarding production and blocked exports to the United States. China not shipping any , don't know their policy.
Alt Text

COVID-19 In A Civil War

Why Haftar Isn’t Going to…

Alt Text

Russia Will Ignore Oil Markets In G-20 Video Summit

According to a Kremlin spokesman,…

Jen Alic

Jen Alic

 

More Info

Premium Content

ROVs: A High-Tech Win-Win Investment in the Offshore Drilling Boom

An increase in offshore, deep-sea oil drilling and a nod to Shell to proceed in the Alaskan Arctic will drive demand for remotely operated underwater vehicles (ROVs) through 2015.

An ROV is a tethered underwater vehicle often employed in offshore hydrocarbon extraction. ROVs are linked to ships via a tether of cables that carry electrical power and video and data signals back and forth. The more technologically advanced ROVs also employ hydraulics, sonars, magnetometers and other equipment used to take water samples.

The offshore oil and gas industry is the largest commercial user of ROVs, which enable deepwater operations, and ROVs were instrumental in determining the scale of the damage after the April 2010 Deep Horizon oil spill in the Gulf of Mexico. The weeks following the oil spill saw the massive deployment of ROVs in the Gulf of Mexico. But this was after the fact, and that lesson has been learned.

ROVs are also used by deep-water drilling companies to assemble equipment under water and to perform delicate maintenance on that equipment.

The largest Work Class ROV currently on offer is from Oceaneering, which leads the market in manufacturing and supplies to the oil and gas industry, boasting over 250 Work Class ROV systems and more than 2,000 offshore personnel operating them around the world. Of most significance, the company’s current fleet includes a high-tech Ultra Deepwater ROV system. This comes along with a budget of over $10 million…






Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News