Aramco News

Esgian reports various drilling contractors disclosing details of discussions with Saudi Aramco regarding jackup contract suspensions in its Week 14 Rig Analytics Market Roundup. These contractors include Shelf Drilling, ADES, Borr Drilling, Arabian Drilling, COSL, and ARO Drilling.Meanwhile, Transocean, Noble, and COSL rigs have firmed up new work in the US Gulf of Mexico, Suriname, and the North Sea, respectively.Report overview:ContractsShelf Drilling has received a notice of suspension of operations on four jackup rigs from a customer in the Middle East.

Esgian reports that drilling contracts have been announced this week for operations in Brazil and the Philippines, and new discoveries have been confirmed in the UK and Namibia in its Week 11 Rig Analytics Market Roundup.ContractsCOSL Drilling has emerged as the winner for Petrobras' moored semisubmersible tender with the 4,600-ft Nanhai 8 (also known as Nan Hai Ba Hao).Noble has secured a high-dayrate drillship contract with Prime Energy in the Philippines.Drilling Activity and…

Esgian reports that offshore drilling contractors secured additional backlog in the U.S. Gulf of Mexico, Egypt, Nigeria, and Brazil and operators confirmed new discoveries in Indonesia, Côte d’Ivoire, and China in its Week 10 Rig Analytics Market Roundup.ContractsDiamond Offshore has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the 12,000-ft drillship Ocean BlackHornet.Shelf Drilling’s 250-ft jackup Rig 141 has secured a two-year…

Singapore's Temasek Holdings has shortlisted energy giants Shell and Saudi Aramco among a handful of companies to purchase most of the assets of liquefied natural gas (LNG) trading firm Pavilion Energy, sources with knowledge of the matter said.The sale process comes a decade after the state investment firm set up Pavilion Energy to focus on LNG-related investments, and takes place as spot Asian LNG prices LNG-AS have fallen more than 40% since mid-August, potentially weighing on the deal's valuation.Temasek is evaluating bids for the sale of Pavilion Energy's assets…

The International Transport Workers’ Federation (ITF) said it has received many reports about withheld pay from individual seafarers working on eight Bahrain-registered vessels owned by Saudi Arabian company Hadi H Al Hamman Establishment. The company, which lists Saudi Aramco among its customers and was buying brand new ships as recently as 2018, has not paid seafarers for more than five months in some cases, the ITF said. One seafarer reported dangerously low levels of food…

Chinese officials have asked their Iranian counterparts to help rein in attacks on ships in the Red Sea by the Iran-backed Houthis, or risk harming business relations with Beijing, four Iranian sources and a diplomat familiar with the matter said.The discussions about the attacks and trade between China and Iran took place at several recent meetings in Beijing and Tehran, the Iranian sources said, declining to provide details about when they took place or who attended."Basically, China says: 'If our interests are harmed in any way, it will impact our business with Tehran.

The United States on Wednesday returned the Yemen-based Houthi rebels to a list of terrorist groups, while business chiefs warned that disruption to shipping in the Red Sea caused by their attacks could affect supply chains for months.Attacks by the Iran-allied Houthi militia on ships in the region since November have slowed trade between Asia and Europe and alarmed major powers - an escalation of Israel's more than three-month-old war with Palestinian Hamas militants in Gaza.The Houthis say they are acting in solidarity with Palestinians and have threatened to expand attacks to include U.S.

Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by Iran-aligned Houthi militants, a Reuters analysis of vessel tracking data showed.The attacks have driven up shipping costs sharply along with insurance premiums, but have had less impact than feared on oil flows, with shippers continuing to use the key East-West passage. The Houthis, who have said they are targeting Israel-bound vessels, have largely…

Incat Crowther has been commissioned by Singaporean shipbuilder Lita Ocean to design three new ABS-Classed monohull fast support intervention vessels (FSIVs) for Zamil Offshore. The new 60-metre FSIVs will assist Zamil Offshore with the efficient and safe transport of cargo, heavy maintenance equipment and personnel for Saudi Aramco’s operations in the Middle East. The vessels will comply with the latest MCVSR requirements from Saudi Aramco, including ABS SMART and IDM-A notations.The…

Praxis Automation, a company specializing in ship automation, electrical propulsion, and dynamic positioning systems, will outfit 59 vessels of Saudi-based Rawabi Vallianz Offshore Services's (RVOS) with Praxis DP-2 systems.Under this RVOS fleet-wide contract, new build and existing offshore support vessels will be equipped with Praxis dynamic positioning systems, as well as customised equipment and software for digitization of the fleet in phases agreed with RVOS, one of the…

Brooklyn, N.Y. based startup Amogy on Monday announced it has raised more funds to help it commercialize and begin manufacturing its emissions-free ammonia-to-power technology for marine and industrial applications. The company aims to bring its first product to market in 2024.Amogy said its Series B-2 fundraising was joined by Marunouchi Climate Tech Growth Fund, Mitsubishi Corporation, Mitsubishi Heavy Industries America and Synergy Marine, raising $11 million. This concludes…

Damen Shipyards' division Damen Marine Services has taken delivery of the first of a new class of Damen Multi Cat, a Multi Cat 3313 SD named DMS Snipe. Damen Marine Services, which offers Damen vessels for charter, both fully crewed and bareboat, has described the DMS Snipe as a "Swiss Army Knife of workboats""While Damen’s Multi Cat range is known for its shallow draught capabilities, this new class can draw less than two meters, an exceptional achievement for a 33-metre vessel," Damen said."The Multi Cat 3313 SD continues the Multi Cat ethos of being the Swiss Army Knife of workboats.

Japan received its first low-carbon ammonia cargo from Saudi Arabia on Friday, which it plans to use for co-firing with fossil fuels to reduce carbon emissions, a joint statement from the four companies involved in the deal said. Energy-poor Japan wants to add hydrogen and ammonia to its energy mix, a move criticized by climate activists as costly and not fully effective. Japan has agreed with a number of countries to study hydrogen and ammonia supply chains. Ammonia shipped to…

A first-of-its-kind ammonia-powered, zero-emission tugboat will be put to the test by Brooklyn, N.Y-based startup Amogy in late 2023.Having already successfully demonstrated its technology on an aerial drone, tractor and semi-truck, the ammonia power solutions company revealed in early March that it is retrofitting a scaled up 1-megawatt (MW) version of its ammonia-to-power system onto a tug at Feeney Shipyard in Kingston, N.Y. as a test run for its emissions-slashing power and propulsion technology in the commercial maritime sector.Once installed…

Brooklyn, N.Y. startup Amogy on Wednesday announced it has raised $139 million to begin manufacturing its ammonia-to-power technology and bring its first product to market in 2024.The Series B-1 fundraising round was led by SK Innovation, joined by other global investors including Temasek, Korea Zinc, Aramco Ventures, AP Ventures, MOL PLUS, Yanmar Ventures, Zeon Ventures and DCVC. “We are working from a place where we have no doubt that our technology will change the world,” said Seonghoon Woo, CEO of Amogy.

Ammonia power solutions company Amogy on Monday said it plans to unveil a first-of-its-kind ammonia-powered, zero-emission tugboat in late 2023.The Brooklyn, N.Y-based company revealed during CERAWeek 2023 that it is retrofitting a 1-megawatt version of its ammonia-to-power system onto a 1957-built tug at Feeney Shipyard in Kingston, N.Y. Amogy’s ammonia-to-power technology feeds liquid ammonia through its cracking modules integrated into a hybrid fuel cell system that provides zero-carbon power to the electric motors.Ammonia…

Tim Clerc’s maritime career spans half a century, starting with his cadet training in 1969 in the U.K. He sees hybrid technology as one of the most transformational technological developments in maritime in that span, and the company is currently awaiting its 10th hybrid, the Seacor Yangtze. Clerc discusses the hybrid strategy and offers some practical insights.If you had to pick one technology that you think has made the business of running ships more efficient, more cost effective…

In the 45 years since the Arab Shipbuilding & Repair Yard (ASRY) opened on reclaimed land in Bahrain, the Middle East has become one of the world’s ship repair hotspots. A broad range of shipyards now service both regional and global markets.Regional yards have a ready market, with hundreds of offshore rigs working across the region together with the service ships that support them. Then there are thousands of tankers and gas carriers that arrive each year to load energy cargoes for far-flung destinations.

Inmarsat, a mobile satellite communications services provider, will roll out an Internet-of-Things (IoT) solution to more than 60 of Saudi-based Zamil Offshore's vessels in the Gulf area.The solution - powered by Fleet Connect and Fleet Data delivered through Inmarsat’s Fleet Xpress - will allow Zamil to identify, trial and select the best solutions to meet vessel performance expectations set by its charterer, Saudi Aramco. The news of the deal between Inmarsat and Zamil Offshore follows a successful trial on the fleet’s anchor tug, Zamil 57.

Brooklyn, N.Y.-based Amogy said its ammonia-to-power system has received approval in principle (AIP) from classification society Lloyd’s Register, marking a key step toward the zero-emission solution's commercial use in maritime vessels. The system cracks liquid ammonia to hydrogen, which is then used to generate electrical power through proton-exchange membrane (PEM) fuel cells.With the AIP in hand, Amogy said it will continue the technology qualification and type approval processes…

International Maritime Industries (IMI), the largest shipyard in the MENA region, has expanded its partnership with Hyundai Heavy Industries (HHI) through a technical service agreement to further enhance its shipbuilding capabilities.Under the agreement, HHI will provide technical assistance and consulting services in Very Large Crude Oil Carrier (VLCC) engineering to IMI, reflecting its commitment to supporting the development of IMI’s shipbuilding capabilities and engineering services since its launch in 2017.The agreement was signed by Dr.

For the poor, small South American country of Guyana, there's no time like the present when it comes to reaping the rewards of its offshore oil jackpot.With sky-high oil prices, a transition to renewable energy on the horizon, and 750,000 citizens desperate for better lives, Guyana is putting its foot on the gas to exploit its vast oil reserves, even if that means sacrificing some longer-term gains.Already locked into contracts with oil firms that have been criticized for being too one-sided…

Seaborne oil has thrown a lifeline to refiners in eastern Germany and Poland, with non-Russian deliveries into the Polish port of Gdansk hitting at least seven-year highs this month as they switch away from Russian supply.Imports booked for May into Gdansk from Egypt, the United States, Norway, Britain and West Africa had hit 8.4 million barrels by May 16, their highest level according to Refinitiv Eikon ship tracking data that goes back to 2015.At the same time, Russian crude booked for May into Gdansk and the port of Rostock stood at 700…