Oil And Gas Segment News

Orca AI, headquartered in Israel and founded in 2018, has a simple yet complex premise: develop and deliver an intelligent safety platform for the maritime industry to prevent collisions. To date it has attracted attention and business globally, working with SeaSpan, NYK, MSC, Shell Shipping and Marubeni amongst others. Maritime Reporter TV recently caught up Orca AI CEO and co-founder Yarden Gross for insights on the reality today, and the promising potential for AI in the maritime sector.Yarden…

Germany-based Bernhard Schulte Offshore has awarded Norway's Ulstein Verft a contract for the design and construction of two Commissioning Service Operation Vessels (CSOVs) of the ULSTEIN SX222 design. The contract includes options for four additional vessels.The vessels, which utilize the TWIN X-STERN design, feature two sterns and main propellers at both fore and aft, which, Bernard Schulte Offshore says, makes them an ideal choice for Dynamic Positioning (DP) operations. "Regardless of whether the vessels are facing towards or away from the weather…

Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain.There has been much focus on the emerging floating wind market of late.The U.K. is forging ahead with commercial scale floating wind developments through the Scotwind and INTOG awards of at least 24 gigawatts (GW) of floating wind capacity representing close to 1,500 floating turbines that will come on stream through 2030. And this will be soon followed by the award of at least 4 GW of capacity through the Celtic Sea floating wind auctions. The U.S.

Keppel Singmarine’s Nantong, China, shipyard has delivered the world’s first dredger to meet European Union Stage V emissions requirements for inland waterways vessels.The wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M) said in a press release that has delivered the ultra low emission dredger on time, within budget and with a perfect safety record, strengthening its presence in the non-oil and gas segment.Built for Jan De Nul and named Afonso de Albuquerque, the ultra-low emission Trailing Suction Hopper Dredger (TSHD) is diesel-electrical powered and comes equipped with an efficient exhaust gas filter system. The resultant emission complies with the requirements of the EU Stage V standards, which set stricter limits on emissions.

Crest Offshore Marine (COM), the wholly owned subsidiary of Pacific Radiance, has entered into a Joint Venture (JV) Agreement  with Allianz Offshore Middle East (AOME). According to JV agreement, both companies are jointly incorporating a company in Singapore known as Allianz Radiance (ARPL). ARPL has been incorporated on the same date. AOME is a company incorporated in Saint Vincent and The Grenadines. Under the terms of the JV Agreement, COM and AOME respectively will hold 51% and 49% equity interest in ARPL, making ARPL as indirect subsidiary of the Company. ARPL shall be principally engaged in owning, managing, chartering and leasing offshore support vessels particularly in the Gulf Cooperation Council and Egypt offshore oil and gas segment.

Dedicated ship design office HEAVYLIFT@SEA has partnered with service provider to the offshore industry SeaRenergy to produce a new vessel design that is poised to benefit from best practice from both worlds: ship design and offshore experience. According to the designers, the new 72-meter vessel targets both efficiency and comfort, developed with a focus on minimizing losses during operation but still with a cost efficient propulsion arrangement (ERN 99,99,99,95) with low fuel consumption and maintenance cost.

Last month Maritime Reporter spent some time with Vivek Seth, CEO, of Qatar-based Halul Offshore  Services Company, for his insights on the impact of low oil prices in the Middle East and beyond. What is your background? I became part of the Milaha family when I joined Halul Offshore in February 2014 as CEO. I am a second generation Marine Engineer. After sailing as a C/E I took my first shore job as Technical superintendent in Hong Kong for more than two years. Subsequently, I got my Masters in Business Administration from UK.

As operators ponder the thorny question of dual fuel, LNG or SCR Treatment, GE Transportation’s new medium speed marine diesel engine seemingly simplifies the playing field. The October 2014 news that global oilfield giant Oceaneering had committed to building a ship designed with GE Transportation marine diesel engines was ordinary enough, but the recent keel laying ceremony held at the BAE Systems Shipyard in Mobile, AL held special significance for not only Oceaneeering, but for GE as well. That’s because the first ship to be outfitted with GE Transportation’s newest marine engine offering – ones which meet EPA Tier 4i and IMO Tier III Emissions standards – all without the need for a Selective Catalytic Reduction system (SCR) exhaust gas after-treatment…

John Carnall (52) has been appointed Senior Vice President for the Global Lifecycle Support Division in MacGregor, part of Cargotec. "John Carnall will focus on developing our services and building a world-class service organisation to drive profitable growth. He is an ideal choice for this important position due to his long experience and proven track-record in developing successful and growing service business in several different global environments," says Mika Vehviläinen, President and CEO, Cargotec. Mr. Carnall joins MacGregor from Danfoss where he has held the position of Vice President, Parts and Services at Danfoss Power Solutions. Before working at Danfoss, Mr. Carnall has held similar positions in Atlas Copco, where he gained valuable experience also in the Oil and Gas segment.

The German Engineering Federation (VDMA) reported a good order situation for German marine and offshore oil and gas equipment suppliers, but the upsurge in incoming orders is not making the sector euphoric. “The boom in world ship newbuilding orders in 2013 gave us strong order growth, particularly from China and Korea. Here our ongoing export commitment in the global market is paying off: Germany remains the leading country for marine equipment suppliers worldwide. At the same time, we registered above average growth in incoming orders in the offshore oil and gas area,” stated Dr. Alexander Nürnberg, Chairman of VDMA Marine and Offshore Equipment Industries, at the association’s press conference held in Hamburg on Wednesday.

RSC Bio Solutions said it is focused on growing its business in key markets and has organized its sales team into segments focused on growing private and public waste, marine construction, marine transport, utility fleets, offshore oil and gas and wind power industries. With that, the company has made several new staff appointments in hopes of facilitating company growth. “One of many benefits of the RSC Bio Solutions product line is its versatility in providing high-performance…

Wilhelmsen Ships Service (WSS) is increasing its offer to clients in the offshore vessel and energy production sectors in 2013, with a strong focus on opportunities in Singapore and Southeast Asia. WSS has been supplying the Offshore Supply Vessel (OSV) market for more than 30 years, but going forward will increase its focus on non-OSV markets, providing its safety services to customers working in seismic exploration, mobile drilling rigs/platforms/vessels, accommodation platforms, pipe layers and other speciality vessels as well as fixed installations and decommissioning sectors. WSS’s offshore capabilities cover safety systems (personal safety…

International oil services company Aker Solutions takes its subsea business to Sweden through establishment of an office in Gothenburg. The objective is to tap into the Swedish engineering market to help further grow Aker Solutions' subsea business. The global subsea oil and gas market is expected to grow significantly over the next decades, driven particularly by field developments in deep and ultra-deep waters. Having access to a large base of engineering resources with appropriate technology know-how will be vital to meet Aker Solutions' ambitious growth targets.

Worldwide oil and gas drilling contractor GlobalSantaFe Corporation (NYSE: GSF) today reported a net loss for the quarter ended December 31, 2004, of $7.6 million, or $0.03 per diluted share, on revenues of $498.3 million. The 2004 fourth quarter included a primarily non-cash tax charge of $42.5 million, or $0.18 per diluted share, related to a realignment of the company's subsidiary structure. Excluding this charge, the company had income of $34.9 million, or $0.15 per diluted share for the fourth quarter of 2004. For the year ended December 31, 2004, the company reported net income of $143.7 million, or $0.61 per diluted share, on revenues of $1.7 billion. In the fourth quarter of 2004, the company completed a transaction to create separate international and U.S.