Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Oil And Gas Operations News

10 May 2023

Cluster of Chinese Vessels Spotted Near Russian Rig Off Vietnam

© Photographer JH / Adobe Stock

A Chinese research vessel flanked by coast guard and nearly a dozen boats on Wednesday entered a gas block operated by Russian and Vietnamese state firms, two monitoring groups said, another potential flashpoint in the South China Sea.It follows a pattern of assertive moves of late by Beijing in its neighbors' exclusive economic zones (EEZ), as it presses its claim to sovereignty over almost the entire South China Sea, testing the United States and its allies at a time of heightened regional tension.Strong relations between Russia and China are a major factor supporting global stability


30 Aug 2022

Neptune Energy, Horisont Energi Team Up on Errai CCS Project in Norway

Credit: Horisont Energi

Oil and gas company Neptune Energy has signed a Memorandum of Understanding (MoU) with the Norwegian low-carbon tech firm Horisont Energi to develop the Errai Carbon Capture and Storage (CCS) project in Norway.According to Neptune Energy, Errai could store 4-8 million tonnes of CO2 annually, with the potential to store more in later phases. The project includes an onshore terminal for intermediate CO2 storage, with the intention to permanently store the CO2 in an offshore reservoir.The onshore terminal would be capable of receiving CO2 from European and domestic customers


18 Apr 2022

UK North Sea Field Owners Agree to Keep Exporting Oil to Flotta Terminal

Flotta Oil Terminal - Credit: Chris/Geograph.co.uk - CC BY-SA 2.0

Oil and gas company Repsol Sinopec Resources UK Limited said Monday that owners of  Golden Eagle, Piper, and Claymore fields, located in the North Sea northeast of Aberdeen, have executed new agreements reaffirming their commitment to export produced oil to the Flotta Terminal until the end of field life in the 2030s."This commitment to support the longevity of the terminal underpins a variety of growth opportunities in the wider area, including renewed drilling and several third party tie-backs.

03 Jun 2021

Bourbon Offshore to Manage DRASSM Subsea Research Vessels

Credit: Bourbon Offshore

Offshore vessel operator Bourbon Offshore Surf has won a tender for the supply and management of the crew and nautical activities of the deep-sea vessels owned by the French Department of Underwater Archaeological Research (DRASSM) Alfred Merlin and André Malraux."With the arrival in its fleet in 2021 of the Alfred Merlin, a 46-meter vessel that will carry out overseas missions, the DRASSM wanted to strengthen its presence by relying on a reputed professional of specialized vessels management


22 Apr 2021

What Does the Future Look Like for LNG Projects in Mozambique?

© bilalulker / Adobe Stock

What are the implications of the conflict in Cabo Delgado for maritime security in East Africa and the Mozambique Channel?Following the recent attacks on the coastal town of Palma in March-April by Ahlu Sunnah Wa-Jamamah (ASWJ) insurgents in Mozambique’s troubled Cabo Delgado region, it is pertinent to assess the future trajectory of the conflict in the commercial maritime domain and the challenges it may pose to trade within the region. During the battle for Mocimboa da Praia


08 Dec 2020

2020 Has Been a Big Year for US Offshore Wind

(Photo: Dominion Energy)

This has certainly been an active year for offshore wind, both in the U.S. and globally. Looking at the U.S. in particular, the East Coast is certainly giving cause for real optimism with a clear pipeline of state procurement targets indicating 12 gigawatts installed by 2030 and 29.1 gigawatts total installed by 2035. That means around $55 to $87 billion of capex, which will support the growth of the significant domestic supply chain.Virginia saw the first installation of offshore wind turbines in federal waters this year with CVOW (Coastal Virginia Offshore Wind) 12 megawatt pilot project.

31 Oct 2019

Oil and Gas Industry Adopts VR

The oil and gas industry is witnessing wide-scale deployment of virtual reality (VR) technology across its value chain, according to GlobalData.According to the report, ‘Virtual Reality in Oil & Gas’, VR is finding its way into upstream, midstream and downstream sectors with applications in the simulation of new processes, analysis of project designs, reviewing of maintenance requirements and planning disaster responses.Ravindra Puranik, Oil and Gas Analyst at GlobalData, said: “Over time, this technology will transform oil and gas processes and workflows and help create new growth opportunities for organizations.”VR provides an interactive experience for oil and gas processes within a simulated environment and presents a superior alternative to images


22 Aug 2019

MTR100: Five "Ones to Watch"

Saipem’s Hydrone R – in the flesh and ready for real world testing. Image from Saipem.

For Marine Technology Reporter's (MTR) 14th Annual "MTR100" - a look at 100 innovators and technologies in the subsea space - MTR editor-at-large Elaine Maslin reports on five companies and technologies that are worth the watch for the remainder of 2019 and beyond. For the full edition, see https://magazines.marinelink.com/nwm/MarineTechnology/201907/Blue Logic: Entering a new eraCompletely new modes of operation are entering the underwater domain for oil and gas operations and


09 Jun 2019

BHGE Launches Multimodal Facility in Angola

Baker Hughes, a GE company (BHGE) announced the inauguration of its multimodal facility (MMF) for oil and gas in Luanda, Angola.The facility, with its additional capabilities across multiple product lines, will deliver a suite of products and services across the oil and gas value chain. It will serve as a hub to support customers and projects in Angola and Southern Africa region, and will also serve customers on a global scale.The strategic location for this multipurpose facility puts BHGE in close proximity to serve important projects in the region. This will enable BHGE to provide faster response and mobilization to customer sites, and reduced product and service delivery costs based on economies of scale of a one-stop shop.

14 May 2019

OPT Wave Power System Reaches Milestone

US-owned renewable energy company Ocean Power Technologies (OPT) announced that the Company's PB3 PowerBuoy deployed in the Adriatic Sea has produced more than one MegaWatt-hour (MWh) cumulative energy to date. The cost-effective ocean energy solutions provider said that the PowerBuoy has been deployed for six months, operating continuously and error-free while being controlled remotely from OPT’s NJ facility.George H. Kirby, OPT’s President and Chief Executive Officer said, “We are excited to announce this major power generation milestone for our PB3 PowerBuoy deployed in the Adriatic Sea. Since the contract began in March of last year


09 Nov 2018

Ultra Petroleum Appoints David Honeyfield as CFO

Ultra Petroleum informed that David Honeyfield has been appointed to serve as CFO of the gas producer with assets in Wyoming’s Green River Basin.A press release from the energy company engaged in domestic natural gas and oil exploration, development and production said that Honeyfield has over 25 years of experience in the energy and natural resources fields with a strong background in accounting and the corporate management of public oil and gas companies.Most recently, Honeyfield served as Senior Vice President and Chief Financial Officer of PDC Energy, Inc. and Chief Financial Officer of Jonah Energy LLC. He has also served in various leadership roles including President and Chief Financial Officer of Intrepid Potash


13 Sep 2018

Maritime Accidents & Confidential near-miss Reporting

© MrSegui/Adobe Stock

As in most if not all industries, the maritime sector experiences many more near-misses than actual casualties. And yet, information regarding near-misses is seldom shared outside the particular company or vessel/facility involved. This is a needless waste of valuable learning opportunities.The Federal Aviation Administration (FAA) established the first formal confidential near-miss reporting system in the federal government in 1975. The Aviation Safety Reporting System (ASRS) was transferred in 1976 to the National Aeronautics and Space Administration (NASA) for collection of information


01 May 2018

First Damen Fast Crew Supplier with Ampelmann Gangway

The partnership between Damen Shipyards Group and Ampelmann to extend the benefits of motion-compensated gangway systems to fast crew supply vessels has reached a major landmark. At the end of March, the first Damen fast crew supply (FCS) vessel to be fitted with an Ampelmann L-type system began operations in the Gulf of Guinea. This marks a significant step forward in the move towards bringing the latest advances in safe and flexible marine access to a wider array of oil and gas operations. Damen and Ampelmann have together been promoting their integrated solutions combining Damen’s FCS range and Ampelmann’s systems and now, thanks to the vision of Nigerian offshore services company LATC Marine and its client ExxonMobil Nigeria, the first has entered service.

16 Apr 2018

New Offshore Decommissioning Barge

Photo: Longitude Engineering

Longitude Engineering reportedly has developed a cost effective decommissioning barge concept for the removal of small oil and gas platforms for the PTT Exploration and Production (PTTEP), a subsidiary of the Thai state owned oil company. The aim was to develop a viable and cost-effective alternative to conventional ‘reverse installation’ through the use of heavy lift crane barges for the removal of the topsides and jackets. The focus being the removal of 90-100 of PTTEP’s minimum facilities platform assets in the Gulf of Thailand


13 Mar 2018

BSEE Launches Risk-Based Inspection Program

The Bureau of Safety and Environmental Enforcement (BSEE) this week announced the implementation of a new Risk-Based Inspection Program that employs a systematic framework to identify facilities and operations that exhibit a high-risk profile. The risk-based inspections supplement BSEE’s existing National Safety Inspection Program. The OCS Lands Act authorizes BSEE to conduct annual scheduled inspections and periodic unannounced inspections of all oil and gas operations. The new risk-based inspection protocol looks beyond compliance and assesses the integrity of critical safety systems on facilities and operations, those that have had multiple incidents of noncompliance or events and may need more attention.

25 Aug 2017

Hurricane Harvey Strengthens, Threatens US

Hurricane Harvey Forecast (Photo: NOAA)

Hurricane Harvey intensified early on Friday into potentially the most powerful hurricane to hit the U.S. mainland in more than a decade, as authorities warned locals to shelter from what could be life-threatening winds and floods. Harvey is set to make landfall late Friday or early Saturday on the central Texas coast where Corpus Christi and Houston are home to some of the biggest U.S. refineries. Oil and gas operations have already been disrupted and gasoline prices have spiked. "Now is the time to urgently hide from the wind.

28 Mar 2017

Simulation: The Centre for Marine Simulation

Photo: The Centre for Marine Simulation

St. CMS operates a range of marine simulation equipment that covers a broad range of marine and offshore activities. Much of the equipment is highly specialized and unique including fully motion capable simulators. The center also provides technical management and support of simulation equipment that is used by other parts of the Marine Institute. CMS simulation activities can be divided into three main areas; Training, Industrial Response, and Applied Research. To support these


22 Mar 2017

Danish Finance Minister to Report on North Sea Oil Negotiations with Maersk

Denmark's finance minister Kristian Jensen will hold a news conference about the government's ongoing negotiations with the Danish Underground Consortium (DUC) about a new tax agreement for North Sea oil and gas operations at 1745 CET on Wednesday, the finance ministry said in a statement.   DUC consists of Danish shipping and oil conglomerate A. P. Moller-Maersk, Shell, Chevron CVX.N and state-owned Nordsofonden.   The deal is seen as crucial for Maersk as it seeks to focus its operations on the North Sea and spin off its energy assets via a listing or merger. (Reporting by Teis Jensen; Editing by Toby Chopra)

07 Mar 2017

Maersk, Denmark Close In On North Sea Oil Deal

File photo: A.P. Moller - Maersk

Oil and shipping conglomerate A.P Moller-Maersk could land a deal with the Danish government on oil and gas operations in the North Sea within days, political sources with knowledge of the negotiations told Reuters on Tuesday. The deal will secure continued production in the Danish part of the North Sea and is seen as crucial for Maersk as it seeks to focus its operations on the North Sea and spin off its energy assets via a listing or merger. The Danish state has agreed to improved fiscal terms, the sources said.

16 Dec 2016

Statoil Wins Offshore Wind Lease in New York

Just days after Deepwater Wind said its Block Island Wind Farm has begun delivering electricity into the New England region’s grid, Statoil reports that it has been declared the provisional winner of the U.S. government’s wind lease sale of 79,350 acres offshore New York. Statoil will now have the opportunity to explore the potential development of an offshore wind farm to provide New York City and Long Island with a significant, long-term source of renewable electricity. Statoil submitted a winning bid of $42,469,725 during the online offshore wind auction concluded by the U.S. Department of the Interior's Bureau of Ocean Energy Management (BOEM).

28 Nov 2016

Maersk, DONG in Talks over $10 Bln Oil Merger

File photo: DONG Energy

Denmark's A.P. Moller-Maersk and DONG Energy are in talks to merge their oil and gas operations in a deal that would create a business worth more than $10 billion including debt, sources familiar with the matter said. Maersk is working with Bank of America on the potential deal, while JP Morgan is assisting Dong Energy, said the people, who cautioned there is no certainty the parties would come to terms. Maersk said in September it planned to merge or spin-off its energy assets as part of a major restructuring and instead focus on its core transport and logistics businesses.

07 Nov 2016

New Watermaker Tailored to O&G Operations

Neptune+ OG (Image: FCI Watermakers)

FCI Watermakers said its new Neptune+ OG is designed and built specifically for the severe conditions of offshore oil and gas operations, whether on a platform, tanker, carrier or PSV. The unit will make from 3,400 to 10,000 gallons of pure, fresh water a day, enough for production operations, equipment wash down, laboratory use, cooking and drinking, according to the manufacturer. The Neptune+ OG’s 316 stainless steel or 6061 aluminum alloy frame has built-in lifting eyes and forklift slots for easy placement.

30 Sep 2016

Russian Shipping Firm Sovcomflot 25 pct Stake Sale May Involve New Shares

The privatisation of a 25 percent stake in Russian state shipping firm Sovcomflot may be equally split between existing and new shares, two sources close to the deal told Reuters on Friday. The stake sale in Sovcomflot, Russia's biggest shipping company whose vessels support offshore oil and gas operations, is part of a wider state asset sale aimed at plugging holes in the state budget. Revenue from the sale of existing shares goes to the existing shareholder, in the case of Sovcomflot the Russian state. Meanwhile money raised from the sale of new shares goes to the company itself, which it can use for development. One of the sources close to the sale said the options being considered were to sell 25 percent in existing shares