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Offshore Suppliers

Report Reveals Missing Value Link Offshore

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A recent survey conducted by Trelleborg’s offshore operation paints a positive industry outlook with decision makers taking a long term ‘value-add’ view. Original equipment manufacturers (OEMs) rated product quality, responsiveness and skills above cost as the most important supplier attributes. In fact, only 4 percent cited cost as a primary driver in determining preferred partners. However, there is a missing value link, as in practice cost savings appear to be taking priority.   While suppliers with more substance may be winning-out at the tender stage, when it comes to implementation the temptation to try and make short term cost savings is clear. 78 percent of OEMs, operators, contractors and consultants admitted to changing the specification of a project for budgetary reasons.   Thor Hegg Eriksen, President of Trelleborg’s offshore operation, said, “The overall effect of reduced oil prices is applying pressure across the supply chain and that’s evidenced by the research findings. While the market buys into choosing a value-add partner over a purely transactional arrangement, it doesn’t appear to be maximizing the third party expertise we know can make the difference.             “Our survey points toward an offshore industry that believes it is putting long term strategies first, when the research shows short term decisions with cost front of mind


Swire Oilfield Services Acquires Weir

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Supplier of specialist offshore cargo carrying units, Swire Oilfield Services, has announced the acquisition of the assets and operating business of Australia based Weir OCI, creating the largest regional supplier of offshore cargo carrying units (CCU) in the Australian and Asian region. Weir OCI is the company’s second Australian acquisition in the past year, and takes investment in the region to more than $25m


Wärtsilä Selected Best Supplier by CNOOC

Wärtsilä received an award for supplier excellence from CNOOC, the China National Offshore Oil Corporation. After internal evaluation by project management teams, 28 Chinese and international vendors participating in nine of CNOOC's major projects were honored. Wärtsilä is involved in four of these projects. This was the first time that CNOOC had arranged such an event to recognize its best suppliers, and the awards were presented at a ceremony held in Beijing


OEG Acquires AOR Containers

John Heiton (Photo: OEG)

Offshore Cargo Carrying and A60 module company OEG Offshore (OEG) is moving into Norway, Congo and Myanmar for the first time, with its acquisition of AOR Containers, a major player in Europe, Africa and Asia.  The move makes OEG Offshore the second-largest provider of offshore cargo carrying units (CCUs) in the world, with the addition of AOR’s international fleet of 6,000 units taking OEG Offshore’s total fleet to 25,000 units


MacGregor Signs Contract with Shell

MacGregor has supplied Pusnes offshore mooring systems since 1968 and is a leading provider to customers worldwide. Many types and designs of winches, fairleads and chain stoppers have been developed over the years with del

  MacGregor, part of Cargotec, has signed a contract with Shell for a Pusnes permanent mooring system. Contract value is around EUR 20 million.   "We are very happy to finalise this large contract," says Jan Martin Grindheim, Vice President, Offshore Mooring Systems at MacGregor. "It is strategically important to maintain our market share in the Gulf of Mexico and to maintain our position as a supplier of high-end offshore mooring systems," notes Mr Grindheim


Faststream Wins Chevron Recruitment Contract

Mark Charman (Photo courtesy of Faststream)

Faststream awarded two year preferred supplier agreement for permanent recruitment services by Chevron Products UK Limited   Maritime, offshore and oil and gas recruitment group Faststream has been awarded a two-year supplier agreement by Chevron Products UK Limited. The agreement will see Faststream supply permanent recruitment services to Chevron in the U.K. and Europe within four of its operating companies covering gas and midstream, downstream and chemicals, technology


EDT Offshore Takes Delivery of Damen Fast Crew Suppliers

The EDT Leda and the EDT Nefeli (Photo: Damen).

EDT Offshore (Cyprus), an operations and management company for offshore support and dredging services, has taken delivery of a Damen Fast Crew Supplier 3507 and an FCS 5009: the EDT Leda and the EDT Nefeli. Both are built according to the Damen Sea Axe design, which reduces slamming up to 75 percent and increases crew comfort. The EDT Nefeli is outfitted withDP1, FiFi 1 and a luxury interior for a high level of passenger comfort during longer trips.


Noreq AS acquires Acta AS

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Maritime supplier, Noreq announced the acquisition of Acta in Denmark. Since 1955, Acta has been a supplier of offshore marine cranes, life raft- and MOB davits as well as deck machinery. Acta is the only crane manufacturer in the world having CE marking on offshore cranes for wind power installations off shore. Acta is located in Odense, Denmark and the name of the new company is NoreqActa. “With this acquisition, the Noreq group is not only strengthening our foothold in the lifeboat


Alstom Wind Sees Turbine Growth in Europe Offshore Bids

Alstom SA, the third-largest power-equipment maker, expects higher sales for its wind turbines this year and next, buoyed by growing demand in Brazil and offshore bids in Europe. “We’ve improved all our financial indicators this fiscal year,” ending March, compared with last year, including sales, order intake and operational performance, Alstom renewable unit chief Jerome Pecresse said in a March 15 interview. “We’re expecting growth to continue next year


New Damen PSV for World Wide Shipping

World Peridot (Photo: Damen)

Damen Shipyards Galati has handed over the second platform supply vessel in a series order heralding a new era in offshore construction for Damen Shipyards Group. World Peridot, built to Damen’s PSV 3300 design, has been delivered to World Wide Supply. Delivery comes just seven weeks after the handover of the first of class PSV 3300, World Diamond, and is part of a rolling six-ship handover schedule from Damen for WWS.


C-Job to Provide Basic Design for DEME’s Orion

Photo courtesy of C-Job Naval Architects

Having recently supplied the concept design for DEME Group’s new offshore installation vessel Orion, C-Job Naval Architects said it will now provide COSCO OFFSHORE CO. Ltd (Qidong) with the vessel’s basic design package. Orion will be built at COSCO SHIPPING HEAVY INDUSTRY in China for


Marine Coatings Evolve for the Better

High performance underwater hull coatings are always in demand, driven by continuous pressure to reduce operational fuel costs while staying environmentally compliant. (Photo: Sherwin Williams)

Innovation and new technology continue to shape the marine coatings market. A narrowing field of global coatings manufacturers offer new products while improving existing ones to meet customer demand. Ultimately, customer demand, along with environmental compliance pressures are all driving the


Natural Gas Fleet Sail to the Future

Graph: Clarksons Research

 Natural gas is set to account for an increasing share of the global energy mix in coming years, with gas consumption growing by an average of around 1.5%-2% a year out to 2040, according to energy forecasting agencies such as the IEA.   


Norway's Solstad Offshore, Farstad Shipping and Deep Sea Supply Agree Merger

Photo: Solstad Offshore ASA

 Norwegian OSV companies Solstad Offshore, Farstad Shipping and Deep Sea Supply have signed off on merger plans first announced on February 6, 2017.   The statutory merger plans have been approved and signed by the boards of Solstad, Farstad


Top LNG Buyers Form Alliance to Push for Flexible Contracts

© akiyoko / Adobe Stock

The world's biggest liquefied natural gas (LNG) buyers are clubbing together to secure more flexible supply contracts in a move that further shifts power to buyers rather than producers.   Korea Gas Corp (KOGAS) said on Thursday it had signed a memorandum of understanding in mid-March with


Damen OPV Roadshow Tours Australia

Mark Todd (Photo: Damen)

Damen Shipyard Group’s Australian team has delivered two more industry briefings to potential suppliers from Australian industry ahead of its bid submission for the design and build of 12 offshore patrol vessels (OPV). Following February’s events held in Adelaide and Perth


The World's First Offshore Wind Farm is Retiring

Photo: DONG Energy A/S

 DONG Energy has decided to retire “Vindeby”, the world’s first offshore wind farm, which 25 years ago marked the birth of the offshore wind industry. Today, offshore wind is a recognised and proven renewable energy technology


ABS, Industry Experts Tackle MODU Safety Issues

At its annual Special Committee Meeting, ABS shared recent enhancements to ABS jacking gear requirements, which address jackup system reliability. Photo: ABS

 ABS, the leading provider of classification and technical services to the offshore industry, collaborated with industry experts during its annual Special Committee Meeting held recently to discuss the ABS Rules for Building and Classing Mobile Offshore Drilling Units (MODUs)


Kongsberg, TKMS, Atlas Elektronik JV for Submarine

From left: Eirik Lie, President Kongsberg Defence Systems, Dr. Peter Feldhaus, CEO of thyssenkrupp Marine Systems and Dr. Rolf Wirtz, CEO of Atlas Elektronik. Photo: Kongsberg Gruppen

 Kongsberg, ThyssenKrupp Marine Systems GmbH(TKMS) and Atlas Elektronik enter into a comprehensive teaming agreement for submarines.   The companies join resources and establish a joint venture company in Norway that will be the international strategic and exclusive supplier of combat


Singapore’s Survivability

New business: Keppel has begun building dredgers like the Cristobal Colon, seen hear outside Rio de Janeiro. (Photo: copyright Jan de Nul Offshore)

Singapore’s shipyards are looking to recent investments in capacity, design and newly acquired technology to combat order declines after a decades-long offshore buildup. Sembcorp and peer Keppel are making the most of partnerships in FLNG and showing signs they’ll be okay through the


Offshore Wind: BOEM Fields Pair of Unsolicited Bids

Map of the unsolicited offshore New York bid. (Source: BOEM)

BOEM has received unsolicited lease requests from two companies seeking to develop offshore wind energy on the Outer Continental Shelf (OCS). These requests are for areas located offshore New York and Massachusetts and are not in response to a formal call for interest.  


Italy's 15-Cargo LNG Buy Tender Attracts Competitive Bids

© Anatoly Kolodey / Adobe Stock

A tender to supply Italy with about 15 liquefied natural gas (LNG) cargoes between April and September attracted highly competitive winning bids from traders including Gunvor, Trafigura, MET and Uniper, trade sources said.   Companies offered to supply the shipments at only a slight premium


Subsea 7 Awarded Subsea Work Off Australia

Subsea 7 S.A. said it has been awarded a “sizeable” contract by Cooper Energy Ltd for the Sole Development Project, offshore Australia.   Subsea 7 defines a sizeable contract as being between $50 million and $150 million.  


A Case for LNG-fueled Mobile Offshore Units

Image: GustoMSC

GustoMSC, a Dutch design and engineering company focused on offshore energy, says the offshore industry has much to gain from examining the feasibility of using liquefied natural gas (LNG) to fuel mobile offshore units such as construction vessels, drillships, jack-ups and semi-submersibles.


Op/Ed: Offshore Energy Can Power US Growth

Randall Luthi  (Photo: NOIA)

Following President Trump’s address to the joint session of Congress, National Ocean Industries Association (NOIA) president Randall Luthi weighs in on  shifting U.S. policy and its effects on offshore energy and the American economy.  






 
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