The Offshore Energy Podcast

Ian Voparil & Jim Bennett
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Offshore energy and ocean innovation in the United States is transforming the way we power our nation.  Join our hosts Ian Voparil and Jim Bennett as they discuss current events, innovation, technology, and the future of the offshore energy ecosystem.With decades of combined experience, these two industry veterans bring a unique blend of expertise, humor, and captivating stories from the high seas of offshore energy innovation.  Whether you’re an industry expert or just starting to learn about offshore energy, The Offshore Energy Podcast provides a platform for meaningful conversation and exploration. Tune in to enhance your understanding and stay updated on the latest advancements in this exciting field. Let’s embark on this journey together!

  1. 08/15/2025

    Aye to Energy! Scotland’s Balancing of Industry, Environment, and Energy Security in the North Sea.

    Send us a text In this illuminating conversation with Reuben Aitken, Managing Director of Energy Transition at Scottish Enterprise, we explore how Scotland has positioned itself at the forefront of offshore energy evolution. "We've got this natural resource of offshore wind and history of innovation that dovetail and make such a difference," Aitken explains, highlighting how Scotland's challenging weather has become its greatest asset. The numbers are staggering – over 40 gigawatts of offshore wind under development, including the massive 4.1 gigawatt Berwick Bank project that could power six million homes. But what makes Scotland's story truly compelling is how they've leveraged their oil and gas expertise to pioneer floating wind technology.  We dive deep into the economic opportunities this transition creates, with each gigawatt of development representing approximately £1 billion in supply chain potential. From Japanese cable manufacturers setting up in the Highlands to former oil rig workers managing wind farms, Scotland demonstrates how energy evolution creates rather than destroys opportunities when managed thoughtfully.

    1h 8m

  2. 05/05/2025

    Sea Change: How Policies, Laws, and Regulations Shape America's Offshore Energy Future

    Send us a text The landscape governing offshore energy development is undergoing seismic shifts, leaving industry insiders searching for clear paths forward. In this thought-provoking episode, Jim and Ian are joined by two prominent energy attorneys – Laura Smith-Morton from Perkins Coie and Tyler Johnson from Bracewell – who bring decades of experience navigating the complex relationships between governments and private developers. The National Environmental Policy Act (NEPA) takes center stage as we examine how environmental reviews have evolved over five decades. Recent attempts to streamline these reviews have been followed by court challenges and regulatory reversals, creating a whiplash effect for project developers trying to navigate permitting pathways.  Our conversation explores the contrasts between offshore oil/gas and wind development frameworks and how these differences create dramatically different risk profiles for investors considering where to deploy capital in an increasingly global energy marketplace. Perhaps most concerning is the ripple effect of policy uncertainty throughout the energy supply chain. From shipbuilders constructing specialized vessels to training programs preparing workers for offshore careers, the impacts extend far beyond the private sector developers themselves. Yet amid these challenges, we discover surprising areas of bipartisan agreement that can be converted to sustained action. Subscribe now and join the conversation about how legal frameworks and policies can shape the future of energy development on America's outer continental shelf.

    1h 13m

  3. 04/14/2025

    Maritime Backbone: The Vessels Powering Offshore Energy

    Send us a text America's maritime dominance has quietly eroded over decades, with our ocean-going commercial fleet shrinking from nearly 3,000 ships in 1960 to just a few hundred today. Meanwhile, China's fleet has exploded to over 9,000 vessels. This stark contrast sets the stage for our fascinating conversation with Aaron Smith, President of the Offshore Marine Service Association (OMSA; offshoremarine.org), who brings us inside the world of vessels powering our offshore energy sector. Aaron reveals how the offshore vessel industry began with repurposed shrimp boats and mothballed WWII vessels before evolving into purpose-built technological marvels. Today's offshore service vessels are essentially maritime pickup trucks – delivering everything from construction materials to people, fuel, and supplies to offshore installations. The industry seamlessly supports both traditional oil and gas operations and renewable wind energy development, with many vessels capable of switching between sectors with minimal modifications.  Beyond energy production, these capabilities directly impact national security. When Chinese vessels cut undersea telecommunications cables, America needs the capacity to respond.  So how do we grow? Oil and gas and offshore wind need many of the same things to grow - stable financial and development policy allowing long-term investments in ships and workforce, subsea innovation, and collaboration across dual-use communities of the military and the private sector. The maritime industry offers exceptional career pathways. Without requiring college degrees, committed workers can rise from entry-level positions to six-figure incomes within six years. This upward mobility represents the American dream in action – with many company owners having started as deckhands themselves. It's all hands on deck, so let's go!

    59 min

  4. 03/24/2025

    Billion Dollar Bets: Navigating Offshore Energy Project Finance

    Send us a text What happens when you bring a billion dollars to the high-stakes world of offshore energy development? According to Allan Marks, one of the world's foremost experts on project finance, success depends on navigating a complex web of technical challenges, regulatory frameworks, and financial structures tailored to fundamentally different risk profiles. Offshore energy development—whether wind turbines or oil platforms—faces universal challenges. Projects must withstand harsh marine environments, secure federal permits across multiple agencies, use specialized vessels, and construct elaborate transmission networks to bring energy ashore. Yet beneath these similarities lie striking differences in financial approach. Oil and gas developers typically maintain tight control over technology and operations, keeping risks on their balance sheets while riding the volatile waves of commodity markets. When prices surge, these projects generate extraordinary profits. When markets crash, they weather the storm through diversified portfolios. The opposite holds true for offshore wind, where developers aggressively shed risk through contracts with equipment manufacturers and other partners. With fixed-price power contracts providing stable revenue, wind projects can support highly-leveraged capital stacks—often 60-70% debt—maximizing returns through financial engineering rather than commodity speculation. The current political climate creates particular challenges for U.S. offshore wind. While projects with existing leases continue development, regulatory uncertainty affects the entire supply chain. Each delay increases exposure to inflation, interest rate fluctuations, and supply chain disruptions. Meanwhile, America faces growing competition from both Europe's mature offshore wind sector and China's explosive growth, which has added more capacity in 18 months than Europe built in two decades. Government support remains crucial across all energy sectors. Long-standing oil and gas tax benefits like the intangible drilling cost deduction (established 1916) helped enable America's shale revolution, while the Inflation Reduction Act's decade-long tax credits aim to provide similar certainty for renewables investors. Allan emphasizes that effective energy policy must transcend political cycles, allowing companies to make confident long-term investments in America's energy future.

    1h 14m

  5. 03/10/2025

    Does Every Administration Flip Create Years of Offshore Energy Development Chaos?

    Send us a text For decades, oil and gas development in the Gulf of Mexico represented a model of political and regulatory predictability for all the world – companies knew that regardless of which party held power, following the rules meant projects could move forward. Today, that certainty has vanished, with each new administration seemingly determined to reverse course on energy priorities. This volatility creates massive challenges for industries where planning horizons stretch decades beyond presidential terms. In this episode, hosts Jim Bennett and Ian Voparil are joined by Jon Hrobski, Policy Director at Brownstein Hyatt Farber Schreck, to dive deep into how political volatility has reshaped America's energy landscape and what it means for our offshore future. Uncertainty affects capital investment. When offshore projects require billions in upfront investment and years of development before Forst Oil or First Electron, companies must factor in political risk. This political risk was once minimal in U.S. energy markets but has become a major consideration, potentially driving investment to more predictable regions. Come listen and see how we can keep responsible, resilient development offshore moving forward.

    1h 8m

  6. 02/17/2025

    In the Shadows of Giant Turbines

    Send us a text In this episode, hosts Jim Bennett and Ian Voparil delve into wake effects in offshore wind energy, exploring how they influence turbine efficiency and ocean circulation.  We are joined by Jessica O'Connor from DNV and Dr. Kaus Raghukumar from Integral Consulting and together, we unpack the implications for farm layout, system controls, project economics, and even the ramifications for policy.  Our discussion highlights the need for innovative modeling to optimize offshore wind projects and further scientific exploration of the coupling between the atmosphere and oceans. • Discussion of wake effects and their significance  • Impact on energy production and cost efficiency  • Role of turbine placement in maximizing output  • Implications for ocean currents and marine ecosystems  • Advanced modeling techniques for predicting wake interactions  • Future trends in turbine design and environmental considerations  • Importance of integrating scientific knowledge into policy decisions  • Encouragement for continued research in offshore wind energy

    36 min

  7. 02/10/2025

    Trump's Energy Executive Orders & Memoranda

    Send us a text In this latest episode, Jim Bennett and Ian Voparil analyze the immediate impact of Trump's executive actions on the offshore energy sector. We dive into the presidential memorandum halting wind leasing, explore the historical context behind these changes, and discuss how the industry can navigate the new economic challenges and shifting political landscape.    • Examination of Trump's executive orders and their implications  • Discussion on the temporary halt of wind leasing and its impact  • Historical parallels with previous administration actions  • Importance of balancing energy sources in the national narrative  • Role of the Secretary of the Interior in shaping future energy policy  • Calling for continued advocacy among stakeholders in the offshore energy community

    47 min

  8. 01/27/2025

    The Offshore Energy Quiz Show

    Send us a text In this episode, our hosts Jim Bennett and Ian Voparil try their luck in a quiz show format - testing each others' knowledge of offshore energy jargon and trivia.  Along the way, we highlight misconceptions, delve into technical jargon, and talk about critical regulatory frameworks.  We also get a couple of the questions wrong, so tell us where we've made a mistake and see if you'd do better!  We are always learning.  • Explanation of BSEE vs. BOEM and their roles  • Breakdown of lease sale auctions and bidding processes  • Insight into wind farms and construction methods  • Financial concepts like break-even points discussed  • Overview of environmental regulations like IHAs  • Introduction and impact of technologies such as LIDAR  • Encouragement for ongoing discussion and learning in the industry  Let us know if you have any questions or topics you'd like us to cover next time!

    1h 10m
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About

Offshore energy and ocean innovation in the United States is transforming the way we power our nation.  Join our hosts Ian Voparil and Jim Bennett as they discuss current events, innovation, technology, and the future of the offshore energy ecosystem.With decades of combined experience, these two industry veterans bring a unique blend of expertise, humor, and captivating stories from the high seas of offshore energy innovation.  Whether you’re an industry expert or just starting to learn about offshore energy, The Offshore Energy Podcast provides a platform for meaningful conversation and exploration. Tune in to enhance your understanding and stay updated on the latest advancements in this exciting field. Let’s embark on this journey together!

Information

  • Creator
    Ian Voparil & Jim Bennett
  • Years Active
    2024 - 2025
  • Episodes
    15
  • Rating
    Explicit
  • Copyright
    © 2025 The Offshore Energy Podcast
  • Show Website
    The Offshore Energy Podcast