Subscribe to our Mailing Lists (It's free!)
Friday, June 27, 2025
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    India

    Indian stakeholders warn ship retirement rule may cut 20,000 jobs

    Britannia: Follow safety protocols carefully

    Britannia: Follow safety protocols carefully

    Netherlands

    Fire breaks out aboard inland cargo vessel in the Netherlands

    seafarers

    Regulatory focus: New STCW requirements effective from 2026

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    Book Review: Building leaders the MMMA way

    Book Review: Feel grounded and think positive in 10 simple steps

    time

    Stay SEAFiT: Time is non-renewable – invest it wisely

    public speaking

    8 Key rules of Public Speaking

    social media

    Mindfulness and social media: M.I.N.D. your media

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    hydrogen norway

    New green hydrogen facility in Norway aims to launch in 2028

    green shipping recycling

    BIMCO: 16,000 ships could be recycled over the next 10 years

    towngas

    Towngas signs green methanol agreements

    shanghai port

    Shanghai completes world’s fist STS transfer of liquid carbon

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    iaph cyber security

    IAPH releases cyber security guidelines for new port technologies

    germany latvia

    Latvia and Germany collaborate on smart port initiative

    imo autonomous shipping

    IMO in talks over autonomous shipping ahead of MSC 110

    germany latvia

    Smart vessel embarks on its first journey in China

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
    oil theft nigeria

    Nigeria arrests 76 ships during two-year oil theft crackdown

    paris mou

    M/V Goldy Seven refused access to the Paris MoU

    detention

    Kerala High Court detains vessel in connection to previous incident

    ai remote inspections

    BV develops AI took to advance remote inspections

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
    US Iran

    US contemplates easing sanctions against Iran to aid recovery

    USA

    Veson Nautical: US boasts 4th largest fleet valued at USD 116.5 bn

    ETF ocean pact

    ETF: Ensure ocean workers are not just consulted but involved

    container ship

    BIMCO Container Outlook: Stable demand despite uncertainties

  • Columns
    fuels

    VPS: Effect of FAME contamination on engine oils

    strait of Hormuz

    Could the Strait of Hormuz close amid an Iran–Israel war?

    LR: Good data is a crucial foundation for improving safety

    ABS Consulting: Make cyber risk part of the daily safety conversation

    Trending Tags

    • Anchor Your Health
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    India

    Indian stakeholders warn ship retirement rule may cut 20,000 jobs

    Britannia: Follow safety protocols carefully

    Britannia: Follow safety protocols carefully

    Netherlands

    Fire breaks out aboard inland cargo vessel in the Netherlands

    seafarers

    Regulatory focus: New STCW requirements effective from 2026

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    Book Review: Building leaders the MMMA way

    Book Review: Feel grounded and think positive in 10 simple steps

    time

    Stay SEAFiT: Time is non-renewable – invest it wisely

    public speaking

    8 Key rules of Public Speaking

    social media

    Mindfulness and social media: M.I.N.D. your media

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    hydrogen norway

    New green hydrogen facility in Norway aims to launch in 2028

    green shipping recycling

    BIMCO: 16,000 ships could be recycled over the next 10 years

    towngas

    Towngas signs green methanol agreements

    shanghai port

    Shanghai completes world’s fist STS transfer of liquid carbon

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    iaph cyber security

    IAPH releases cyber security guidelines for new port technologies

    germany latvia

    Latvia and Germany collaborate on smart port initiative

    imo autonomous shipping

    IMO in talks over autonomous shipping ahead of MSC 110

    germany latvia

    Smart vessel embarks on its first journey in China

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
    oil theft nigeria

    Nigeria arrests 76 ships during two-year oil theft crackdown

    paris mou

    M/V Goldy Seven refused access to the Paris MoU

    detention

    Kerala High Court detains vessel in connection to previous incident

    ai remote inspections

    BV develops AI took to advance remote inspections

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
    US Iran

    US contemplates easing sanctions against Iran to aid recovery

    USA

    Veson Nautical: US boasts 4th largest fleet valued at USD 116.5 bn

    ETF ocean pact

    ETF: Ensure ocean workers are not just consulted but involved

    container ship

    BIMCO Container Outlook: Stable demand despite uncertainties

  • Columns
    fuels

    VPS: Effect of FAME contamination on engine oils

    strait of Hormuz

    Could the Strait of Hormuz close amid an Iran–Israel war?

    LR: Good data is a crucial foundation for improving safety

    ABS Consulting: Make cyber risk part of the daily safety conversation

    Trending Tags

    • Anchor Your Health
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • Events
  • Plus
No Result
View All Result
SAFETY4SEA

LR Energy issues ‘Oil and Gas Technology Radar’ study

by The Editorial Team
October 6, 2014
in Technology
offshore exploration ban

Above image is used for illustration purposes only

FacebookTwitterEmailLinkedin

Lloyd’s Register Energy has released its findings from a major oil and gas survey conducted to assess the impact of innovation and investment by operators in America, Europe and Asia.

The Technology Radar survey, launched at the start of the year, takes the pulse of technical innovation in the sector and looks ahead to the future investment drivers.

The survey revealed the investment drives to be:
  • Safety improvements (45%)
  • Improving operational efficiency (44%)
  • Reducing costs (43%)
  • Accessing new reserves (29%)
  • Increasing asset lifespan (27%)

 

RelatedNews

Oil prices plunge over 7% amid geopolitical turmoil

Intermodal: Strait of Hormuz closure bears heavy implications

Lead participants in the survey include commentary from UK Onshore Operations Group, Woodside Energy, Enertech, Maersk Drilling, TouGas Oilfield Solutions, Horton Wison Deepwater, Royal Dutch Shell, GE Oil & Gas, and also Douglas-Westwood, National Energy Technology Laboratory (US), and the Institute for the Analysis of Global Security.

The Technology Radar survey is one of the largest polls on the issue of technology and innovation in the oil and gas industry. It takes in to account respondent’s opinions and their business strategies in the near term (before 2020); the medium term (the years before and after 2020); and the longer term (from 2025 and beyond).

Technology Radar survey is based on five research questions:
  1. Which technologies are likely to have the biggest impact in the next decade?
  2. How are technical developments addressing the challenges the sector faces?
  3. What are the drivers and barriers to innovation?
  4. What patterns of innovation adoption can be identified?
  5. Which types of organisations are leading the way?

 

Key findings of the survey:
  1. innovation is drawing on a range of technologies, rather than any single breakthrough
  2. a variety of technologies looks set to have a high impact in the coming years relating to extending the life of existing assets — enhanced oil and gas recovery (EOR)
  3. Near-term impact — automation — remote and subsea operation is identified as firms seek to cope with challenging environments
  4. High-pressure, high-temperature (HPHT) drilling and multi-stage fracking are also expected to have a major impact, but are expected to be fully deployed from 2020
  5. 73% surveyed believe that the rate of innovation in the sector is increasing
  6. 68% intend to increase their R&D budgets in the next two years
  7. 58% agree that future breakthroughs involve ‘bits and bytes’, rather than physical hardware
  8. In the last 2 years, 46% of breakthroughs have been driven by International oil Companies and 31% by Exploration & Production Companies
  9. In the next 2 years, two-thirds surveyed expect NOCs to increase spend on R&D significantly, supporting their drive for greater international growth — and increasingly operating like IOCs.
  10. Continued risk aversion in the sector, especially in the deployment of new technologies, is however, a major brake on innovation. Only one quarter of oil and gas companies consider themselves to be early adopters.
  11. Given the link between innovation and competitive advantage, in the last 2 years, in-house research has been the most widespread approach to developing innovation (cited by 59%). Joint ventures with external partners are set to become more common.

 

Commenting on the findings, John Wishart, Director of Lloyd’s Register Energy, said:

“This 2014 Lloyd’s Register Energy Technology Radar synthesises the oil and gas sector’s view of which technologies harbour the greatest potential beneficial impact, and when that technology is likely to go mainstream.

“Through in-depth interviews and supported by a survey of more than 250 sector professionals, we have developed a clear and illustrative overview. Given the vast range of innovation underway, this study focuses on 25 specific technologies; technologies that help extend the life of current assets, or improve uptime and efficiency, are setting the greatest prioritisation today.

“In the near term, automation and EOR are expected to have the greatest impact on the sector; in the medium term, it is high-pressure, high-temperature drilling and multi-stage hydraulic fracturing; from 2025 and beyond, subsea robotics is seen as most promising.

“This research provides evidence from which we can better understand and explain the trends which we are beginning to see across the oil and gas industry. The Technology Radar survey is one of the largest and latest independent polls on the issue of technology and innovation in the oil and gas industry.

“Through this independent survey we are sharing to a global industry the views from industry, and we believe the results will help to guide future energy policy and the development of industry growth plans. With rising energy costs, the oil and gas sector will benefit from a clearer understanding of the potential innovation scenarios to meet future energy demands and providing robust energy supply.

“Initiatives that nurture technical innovation can no longer be an afterthought for business or government; they must be central to any organisation’s strategy for sustainable growth and leadership. They are central to our growth too. Adapting that sort of thinking into what we do is going to be a very interesting part of how we move forward. We are driving the development of new concepts and technologies through collaborative R&D, and our focus is firmly on innovation — to benefit our clients and society’s future.“


The importance of technological innovation is rising as the search for new oil and gas reserves moves beyond the conventional and easily accessible. The days of sticking a drill in the ground and hoping for the best have long gone; in future, it will be increasingly important for oil and gas companies to be able to identify, adopt and integrate critical technologies, even if they are not the primary developers.

Helped by increased computer power and communication, combined with a recent expansion in global reach and investment of companies from rapid-growth markets – especially NOCs – the sector continues to push back the date of “peak oil”, meeting the growth in global energy demand even as older fields mature and dwindle. All this is aided by ever more ingenious methods of extracting oil and gas from tough new formations and locations. Indeed, despite rising demand, over one-third of respondents expect recoverable oil reserves to grow over the next two years, while just 8% expect a fall.

Nevertheless, ongoing technological development is not guaranteed. While a cando attitude pervades successful innovators, who demonstrate much greater willingness to explore new partnerships and approaches, much of the sector remains cautious. However, as both complexity and risks mount, along with rising competition, tomorrow’s leaders will show a greater willingness to explore new routes to innovate – or risk failure.

Source: Lloyd’s Register Energy

 

 

In the start, I was outspoken with you propecia before and after has changed my existence. It has become much more fun, and now I have to run. Just as it is improbable to sit.

LR Energy issues ‘Oil and Gas Technology Radar’ studyLR Energy issues ‘Oil and Gas Technology Radar’ study
LR Energy issues ‘Oil and Gas Technology Radar’ studyLR Energy issues ‘Oil and Gas Technology Radar’ study
Tags: Asiaoil and gas industryUS
Previous Post

Mitsui develops new type medium size multi gas carrier

Next Post

NOAA measures extent of Arctic sea ice

Related News

eu russia sanctions
Shipping

EU plans to phase out Russian gas and oil imports by 2027

June 18, 2025
IEA Oil 2025
Shipping

IEA: Global oil supply to grow faster than demand despite risks

June 18, 2025
Egypt LNG
Fuels

Egypt reaches agreements to buy up to 160 cargoes of LNG

June 17, 2025
Strait of Hormuz oil
Shipping

EIA: Strait of Hormuz remains critical chokepoint amidst tensions

June 17, 2025
fire
Accidents

Third fatality confirmed after fire on oil platform off Angola

May 29, 2025
The industry aims to end China’s monopoly on container production
Shipping

How the US – China tariffs shape the global trade

May 27, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Explore more

No Result
View All Result
MARITIME EVENTS

Explore

  • Safety
  • SEAFiT
  • Green
  • Smart
  • Risk
  • Others
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Content Marketing
  • Contact

© 2025 SAFETY4SEA

No Result
View All Result
  • Safety
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • SEAFiT
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Anchor Your Health
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Opinions
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Tip of the day
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

© 2025 SAFETY4SEA

Manage your privacy
We use technologies like cookies to store and/or access device information. We do this to improve browsing experience and to show (non-) personalized ads. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Manage options
{title} {title} {title}
No Result
View All Result
  • Safety
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • SEAFiT
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Anchor Your Health
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Opinions
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Tip of the day
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

© 2025 SAFETY4SEA