Oil And Gas Regions News

US Offshore Support Vessel Analysis 2018 and 2019. The US GOM Offshore Support Vessel (OSV) market is suffering, utilization remains poor, and many owners are still squeezed financially. However, a poor market forces people to adapt and for those willing to take risks, the upside can be extremely large.US Owners 2018 vs. 2019: Within the US GOM, 2018 saw a period of strategic thinking and tactical business decisions. Tidewater Marine completed their merger with GulfMark Offshore to create the world’s largest OSV player.

LOC Group, a provider of services to the offshore oil and gas industry, announced it has become the third-party provider for marine assurance and inspection with BP Egypt.LOC Egypt has been awarded a two-year marine assurance and inspection contract by BP Egypt. This is the first time LOC Egypt has been awarded work by BP, the major oil and gas operator in Egypt. The First vessel inspection is expected to commence imminently to ensure efficient participation in their offshore campaign/Project.Tamer Gamil, LOC Egypt Country Manager, said, “This is the first agreement we have won with BP Egypt, which demonstrates the considerable progress we have made as an organization since opening our office here in January 2018.”R V Ahilan…

Offshore marine services provider Jaya, now part of Mermaid Marine Australia Ltd. (MMA), today delivered Jaya Majestic, a new state-of-the-art anchor handling tug supply (AHTS) vessel into MMA’s international fleet. Jaya Majestic was built at the company’s Singapore shipyard and is the first vessel to be delivered following the acquisition of 100% of Jaya Holdings’ subsidiaries by MMA earlier this year. MMA is Australia’s largest marine services provider to the offshore oil and gas industry.

KKR invests in growth companies servicing the global offshore energy sector, including investments in Acteon, RigNet, Avincis (Bond Aviation) and Weststar. OEG is headquartered in Aberdeen, UK with regional hubs in the main offshore oil and gas regions including Singapore, Australia, and USA and 20 further diversified stocking locations worldwide. OEG explains that it manufactures and leases specialist Cargo Carrying Units which are essential items used by oil and gas operators and their service providers to transport equipment and supplies to and from rigs and platforms as part of their day-to-day offshore operations. In addition, OEG…

Swire Oilfield Services, global supplier of cargo carrying solutions, modular systems, offshore aviation services and fluid management says it plans to further invest in Southeast Asia with the development of three new operational yards and the arrival of new rental equipment to its fleet. The company, which established its first Southeast Asia base in Singapore in 2010 and has since opened further bases across the region, is the largest supplier of DNV certified cargo carrying units in the Southeast Asia market. To better meet increasing customer demand in the region, the company has invested more than $10 million USD by expanding its cargo carrying unit rental fleet and further developing operating bases in Myanmar, Malaysia and Thailand.

E-navigation specialist NAVTOR has signed a landmark fleet agreement with DOF Management, the owner and operator of 78 advanced offshore service vessels. The deal will see NAVTOR’s innovative and user-friendly ENC service rolling out across DOF’s high-end CSVs, PSVs and AHTS vessels [Construction Support Vessels (CSVs), Platform Support Vessels (PSVs) and Anchor Handling Tug Supply Vessels (AHTS)], which operate in all key oil and gas regions worldwide. DOF has a 30-year track record of success in providing cutting-edge vessels to some of the biggest names in the energy industry.

Pipeline engineering specialist STATS Group said it has appointed two new directors as part of a strategy to increase its international presence in key oil and gas regions. The newly created roles see Dave Vernon promoted to Director of Isolation Services and Dale Millward promoted to Director of EPRS & Subsea Services. Dave Vernon has been with STATS for 14 years in a range of senior roles and has managed major UKCS and international isolation and intervention projects. Dale Millward joined STATS in 2005 and has been integral in developing the company’s design…

Oil and gas services group EnerMech Ltd. has predicted 2014 turnover will increase to more than £280 million ($452m), a jump of £80 million ($129m) on the current year’s forecast and double the £144 million ($232m) revenue recorded in its 2012 annual accounts. The Aberdeen-based company’s 2012 group accounts showed an £11 million ($17.7m) profit (EBITDA) on revenue which grew 41% from £102 million ($165m), and it expects 2013 EBITDA to break the £20 million ($32m) barrier. The mechanical engineering specialist reported that in the same period its U.K.

DNV GL is initiating a Joint Industry Project (JIP) to provide guidance on an alternative means of personnel transfer onto offshore installations, sometimes referred to as 'Walk to Work' (W2W). The “Walk to Work” (W2W) approach, where offshore installations are manned from a ship via gangway is being increasingly considered and used in the North Sea and other oil and gas regions to replace or supplement traditional manning methods such as helicopter, flotel or barge. W2W manning can offer many significant benefits including: cost reduction…

Hoover Container Solutions, a subsidiary of Hoover Group, Inc., has acquired Dolphin Energy Equipment LLC, a leading provider of cargo and waste management rental equipment and related consumables in the Gulf of Mexico region. Headquartered in New Iberia, La., with a distribution and service center in Port Fourchon, La., Dolphin’s assets include a diversified fleet of cargo carrying units (“CCUs”) certified to the highest standards including DNV and API regulations. Dolphin is best known for its offshore baskets, trash compactors, food disposal units, pipe slings and related consumables and services. Hoover’s Chief Executive Officer…

Reflex Marine, producer of the industry-leading Frog and Toro personnel carriers and expert in marine personnel transfer, continues to expand its global network of Accredited Service Centres (ASCs) with the launch of its latest Center in Canada. Nord Marine Services Ltd, a supplier of marine safety equipment, has been appointed to operate the new Accredited Service Center in Mount Pearl, Newfoundland. As a result Canadian operators will be able to access local maintenance, training and demonstration services, for the Frog and Toro transfer units.

Expert in marine personnel transfer Reflex Marine has developed an innovative safety accessory for use with the FROG – the ‘Arctic Thermal Pod’. The safety device is designed to combat potential exposure to wind chill whilst performing  crane transfers at low temperatures. During a detailed risk assessment of crane transfer activities an Operator in the Arctic recognised that, in the unlikely event of a crane stoppage mid-transfer, passengers could be exposed to very low temperatures and significant wind chill effects…