Electrification in a New Era for the O&G Industry
With the recovery in oil prices, deepwater and ultradeep water oil and gas (O&G) projects are the focus of renewed interest. Project viability will come down to a continued focus on cost, but also productivity through high-performing assets. And electrification is set to drive a dramatic impact of these high-tech production facilities for more efficient operations.Following a prolonged downturn in prices…
Engineering Woes Seen as Litmus Test for Thyssen Interim CEO
The response to troubles at Thyssenkrupp's plant engineering and shipbuilding division could determine whether interim boss Guido Kerkhoff has a realistic shot at keeping the top job, three people familiar with the matter said.Settling who will succeed Heinrich Hiesinger, who left in July over a strategy clash with leading shareholders, will help to determine whether Thyssenkrupp clings on to its conglomerate structure or seeks ways to simplify its business.The 50-year-old Kerkhoff, who served a
Hurricane Florence Barrels in on US East Coast
Hurricane Florence is forecast to be a major hurricane when it nears the U.S. coast on Thursday, bringing life-threatening storm surge and rainfall to portions of the Carolinas and Mid-Atlantic states, the U.S. National Hurricane Center (NHC) said in an advisory on Wednesday morning.The extremely dangerous hurricane, currently a category 4, is located about 530 miles southeast of Cape Fear, N.C. packing maximum sustained winds of 130 miles per hour…
Florence Compared to North Carolina's Worst Storm Ever
As Florence bears down on the North Carolina coastline, the Category 4 storm is being compared to the worst storm ever to hit the Tarheel State - Hurricane Hazel…
Maersk to Install Scrubbers on Select Vessels Ahead of 2020
A.P. Moller-Maersk, the world's biggest container shipping group, will add devices to reduce harmful exhaust emissions to some of its ships ahead of new global fuel regulations starting in 2020.To combat air pollution, the International Maritime Organization (IMO), the United Nations' shipping agency, has set global regulations to cap the sulphur content in marine fuels, known as bunkers, at 0.5 percent…
Offshore Optimism is Cautiously on the Rise
Following the path of oil prices, consolidation also follows myriad financial crises. What happens next isn’t altogether clear, but the long, deep trough for offshore energy may finally be in our choppy wake.In mid 2017, financial turnaround and financial repairs specialist Alix Partners made a bold statement regarding the beleaguered Offshore Service Vessel (OSV) marketplace. In a July 2017 report…
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