Statoil's Digitalization Drive
Statoil is establishing a digital center of excellence and launching a roadmap with seven specific programs for digitalization in the company towards 2020. Towards 2020 Statoil expects to invest $120 to $240 million in new digital technologies, accelerating the digital roadmap work. Digital technologies will also be part of other Statoil technology and research projects. “Aiming to be a global digital leader within our core areas, we are now stepping up our efforts to capture opportunities provided by the rapid development within digital technologies,” said Eldar Sætre, Statoil’s CEO.
Israeli Shipping Data Firm to Enter Commodities Game
Analysts say intelligent analytics could give firm an edge. A young Israeli technology company believes the expertise it has built up in tracking ships for governments and security agencies could help it break into the much larger market for providing information on seaborne commodities. Windward, founded just over five years ago by two former Israeli navy officers, plans to launch a maritime information service later this year for banks, investors and trading houses, its chief executive Ami Daniel told Reuters in an interview. About 90 percent of global trade is transported by sea, but there is little visibility on what ships are doing and what cargo they carry.
DNV GL, VPS Launch Fuel Analytics Tool
Veritas Petroleum Services (VPS) and DNV GL have launched a new Fuel Analytics solution. As part of DNV GL’s ECO Insight fleet performance management portal, the tool will enable a systematic assessment of the impact of fuel quality on vessel performance. The Fuel Analytics solution is the result of an ongoing close cooperation between VPS and DNV GL. “We have been the largest fuel testing services provider since our inception in 1981,” said Gerard Rohaan, CEO of VPS. “And as a result we have the world’s largest fuel sampling database – over two million tested samples.
Improved Efficiency from DFDE Propulsion - Study
Simulations indicate diesel electric propulsion can be a fuel efficient solution for LNG carriers under realistic operating conditions. Power and automation technology group ABB has disclosed details of a study from DNV-GL R&D examining the potential for efficiency improvements of dual fuel diesel electric (DFDE) propulsion. The study found it is possible to improve overall vessel efficiency and thus asset competitiveness in certain vessel and configuration cases, demonstrating furthermore that an optimized DFDE LNG carrier can be a highly fuel efficient solution for the specific case and boundaries of the study. ABB requested DNV-GL R&D to undertake an analysis of DFDE propulsion under realistic operating conditions for LNG carriers…
Safeguarding Against Safety Concern on FLNG Installations
Press release - Accidental release of cryogenic liquids such as liquefied natural gas (LNG) poses a significant risk to personnel and assets on oil and gas installations. In addressing these risks, Lloyd’s Register Energy has developed a guidance note that provides a consistent methodology to establish cryogenic exposure. Lloyd’s Register Energy’s newly launched guidance note provides a methodology to establish risk-based cryogenic exposure based on a probabilistic approach. It is applicable to any unit where hydrocarbon and refrigerant cryogenic hazards are relevant, but offers special guidelines on how to handle leak scenarios specific to LNG plants.
ABS Drives Game-changing Tech through Research
University Partnership Symposium spotlights research that aims to contribute to sustainable solutions for industry. Classification society ABS has revealed technological advances at its recent University Partnership Symposium in Houston. ABS said the research it is funding through some of the top universities around the world will lead to disruptive technology that will impact the role of classification. Academic leaders from the Massachusetts Institute of Technology, the University of California at Berkeley, the University of Michigan, George Washington University and the State University of New York Maritime College presented at the ABS-hosted event, which engaged participants from academia and industry.
Propellers: One Size and Shape Does Not Fit All
Hydrocomp’s newest release of PropCad incorporates 3 years of enhancements. Propellers are surprisingly complex devices, especially considering most are a solid piece of metal with no moving parts. The variation in vessels and operational requirements leads to wildly different designs, from noise-sensitive propellers for luxury cruiseliners to wide-blade sets for tugs. With different combinations of diameters, pitches, blade styles, and blade counts, there is no limit to the design alternatives available.
BMT Delivers Metocean Support for Tullow Oil
BMT ARGOSS (BMT), a subsidiary of BMT Group, has announced the award of a number of metocean assessments for Tullow Oil Plc., including comprehensive overviews of meteorological and oceanographic conditions in West Africa and South America, to help support the company’s offshore oil and gas exploration and operating activities. Colleen Abell, Senior Environmental Remote Sensing & GIS Specialist at Tullow Oil Plc commented, “Tullow have been engaging with BMT ARGOSS with regards to their metocean and regional reporting capabilities.
Ocean Exploration Vessel Will Knock on Neptune's Door
A new ocean exploration vessel, 'SeaOrbiter' which the designer claims will provide permanent and continuous observation and research operations at the heart of the ocean is almost fully funded, ready to be built. Jacques Rougerie describes himself as a visionary architect who aims to deliver a new vision of underwater exploration with his SeaOrbiter, the culmination of over 30 years of research dedicated to bionic marine architecture and exploration of the undersea world. Internationally renowned…
Antech Receives Investment Backing
AnTech Ltd, an engineering company that provides directional coiled tubing drilling (DCTD) services, announced that it has secured a substantial investment from Saudi Aramco Energy Ventures (SAEV) and London-based Calculus Capital, following an initial investment from eCORP, which operates a considerable amount of shale deposit acreage in Europe. The funding is being used to launch AnTech’s new DCTD service capability so that it can use its bespoke systems to deliver highly cost-effective directional drilling solutions to the oil and gas industry.
U.S. Navy: The Business Case for a Titanium Ship
Participants at a workshop exploring the use of titanium structure for ships found that it is not only possible to construct a ship hull from titanium—or Ti, it could be cost effective. The workshop was sponsored by the Office of Naval Research and hosted by the University of New Orleans, where an ONR research program on titanium ship structures is being conducted. Representatives of the shipbuilding industry, titanium suppliers, Navy, Coast Guard and Air Force labs, and academia discussed and examined materials, processes and applications. Most ships today are primarily made from steel.
KOGT Signs Deal with Offshore Installation
Kongsberg Oil & Gas Technologies (KOGT) signed an agreement to supply a flexible risers and umbilicals installation system for the ‘Capstan Reel Installation System’ (CRIS), to the Offshore Installation Group (OIG). The patented CRIS design simplifies the subsea installation process, enabling a reduction in installation time and risk, which translates to significant cost savings. The CRIS is a sophisticated new product that will address the risk, safety and cost factors of offshore installations as production moves to deeper waters, further offshore.
Kongsberg & Offshore Installation Group Ink Deal
Major new project increases safety and reduces risk of flow line installation. Kongsberg Oil & Gas Technologies (KOGT), a wholly-owned subsidiary of Kongsberg Gruppen ASA, has signed an agreement to supply a flexible risers and umbilicals installation system for the ‘Capstan Reel Installation System’ (CRIS), to the Offshore Installation Group (OIG). The patented CRIS design simplifies the subsea installation process, enabling a reduction in installation time and risk, which translates to significant cost savings.
Neste Oil Uses Veson Nautical IMOS Trading
Veson Nautical, the US-based developer of proven software solutions for the commercial maritime community, announced that Neste Oil Corporation has purchased Veson Nautical’s Integrated Maritime Operations System (IMOS) Trading Module for Neste’s Shipping Division. Veson Nautical IMOS Trading provides a solution for monitoring and managing physical and Forward Freight Agreement (FFA) positions and risk. Currently, Neste’s Shipping Division utilizes Veson Nautical’s IMOS Chartering, Operations and Financials modules to manage all commercial shipping activities for its 30-vessel fleet. Ports of call include the Baltic, the North Sea and the North Atlantic Region; the company transports about 40 million tons of crude oil, oil products and chemicals annually.
Veson Debuts IMOS Trading Module
Veson Nautical, which delivers chartering, operations and accounting solutions for cargo transportation, introduced IMOS Trading, a complete system module for handling Forward Freight Agreements (FFAs), Options and Freight Exposure. “Commercial maritime organizations need to implement strong risk management processes to protect their business from volatile markets. Many have outgrown the Excel spreadsheet method and in fact, need a much more sophisticated, automated system,” said John D. Veson, President of Veson Nautical. “After listening to the needs of our customers, we developed IMOS Trading. Our solution provides access to powerful analytical tools that promote intelligent business decisions.
Two Schools Named National Maritime Enhancement Institutes
Maritime Administrator Capt. William G. Schubert has designated two educational organizations as National Maritime Enhancement Institutes (NMEI). They are the Consortium for Navigation Support and Analysis (CNSA) at Marshall University in Huntington, WV, and the Global Maritime and Transportation School (GMATS) at the United States Merchant Marine Academy in Kings Point, NY. The CNSA, under the direction of the Nick J. Rahall II Appalachian Transportation Institute at Marshall University, is composed of six academic, research and professional organizations. It addresses maritime policy and implementation issues critical to efficient functioning of the industry through workforce training programs tailored for inland navigation…