Energy Industry News

01 Oct 2020

Charter Signed for First-ever U.S.-flagged Jones Act Compliant SOV

Credit: Orsted

Offshore vessel operator Edison Chouest Offshore (ECO) will build and operate the first-ever U.S. flagged Jones Act compliant Service Operations Vessel (SOV), used for offshore wind farm operation and maintenance works.Edison Chouest Offshore, Ørsted, and Eversource announced Thursday the execution of a long-term charter agreement for the provision of the SOV."The SOV will be engineered, constructed and operated by ECO as an integral part of the operation and maintenance of the Revolution Wind…

28 Sep 2020

Congress Passes Bill Supporting Jones Act Enforcement in Offshore Wind

© Fokke / Adobe Stock

The U.S House of Representatives passed the Clean Economy Jobs and Innovation Act (H.R. 4447) aiming to reform U.S. energy policy and authorize significant investment in the transition to greater use of low-carbon energy.The legislation, which addresses a wide range of energy topics and initiatives, includes an amendment by Congressman John Garamendi (D-Calif.) which would enforce Jones Act requirements for all offshore wind development, construction, production and servicing.The amendment clarifies that the Outer Continental Shelf Lands Act…

09 Sep 2020

[Op/Ed] The Gulf of Mexico: An Energy Platform for America

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Even as business, schools and scenes from everyday life seem frozen as society adjusts to the coronavirus, the U.S. marches closer toward the November presidential election. In early August, Vice President Joe Biden announced Senator Kamala Harris as his running mate. As the Biden-Harris ticket works out their policy platforms, they should move beyond past comments attacking American offshore oil and gas production. In fact, a strong American offshore oil and gas industry is a platform every candidate should stand behind.Between New Orleans and Houston…

12 Aug 2020

Japanese Partners Eye Ammonia as Marine Fuel

Ammonia-fueled ammonia gas carrier concept (Image: NYK Line)

A joint research and development (R&D) project initiated by a group of Japanese maritime companies aims to utilize ammonia as a marine fuel and establish methods for the mass transportation and supply of ammonia.The joint R&D agreement signed by NYK Line, Japan Marine United Corporation and Nippon Kaiji Kyokai (ClassNK) on August 6 will target the commercialization of an ammonia-fueled ammonia gas carrier (AFAGC) that would use ammonia as the main fuel, in addition to an ammonia…

05 Aug 2020

Offshore Wind Could Bring In $1.7B to U.S. Treasury by 2022

Image by DJ - AdobeStock

The United States has an opportunity to accelerate offshore wind energy growth, and benefit from 28 new gigawatts of wind power and $1.7 billion in U.S. Treasury revenue by 2022, according to a study released by the energy intelligence group Wood Mackenzie. Apart from the benefits to the Treasury, the offshore wind industry in the U.S. could create 80,000 jobs annually from 2025 to 2035.Commissioned by four energy industry groups, American Wind Energy Association (AWEA), National Ocean Industries Association (NOIA)…

08 Jul 2020

CGG's Sercel Buys Stake in Autonomous Robots Start-Up

Ship repair is the first market to be targeted by AMBPR, as it has significant potential with 90,000 ships of over 50m in length periodically repainted at 600 dry docks worldwide - Image for illustration only; Credit:  TawanSaklay - AdobeStock.

France-based seismic data company CGG has informed that its subsidiary Sercel has acquired a 34% shareholding in AMBPR, a start-up company that designs and markets autonomous robots.The AMBPR robots are used for repairing (sanding and painting) of large metallic structures, used in the maritime and energy industries. "Sercel recognized the potential of AMBPR through Axandus, Sercel’s Industrial Accelerator program, which helps start-ups to scale up their industrial growth. The…

02 Jul 2020

Grant Awards Target Safer Shipbreaking

© saintmichel85 / Adobe Stock

Engineering X – an international collaboration founded by the Royal Academy of Engineering and Lloyd’s Register Foundation – has awarded nearly £1 million ($1.2 million) in grants to six projects in the U.K. and overseas aimed at tackling the complex social, environmental and engineering challenges of decommissioning ships and offshore structures.From training to improve worker safety in ship recycling facilities in Bangladesh, to assessing the risks of structural failure of decommissioned offshore structures…

29 Jun 2020

Shell, Peterson Extend Lowestoft Base Contract

Image Credit: Peterson

Offshore energy industry logistics provider Peterson has agreed on a contract extension with Shell for quayside, warehousing, and transport services from Peterson’s Lowestoft base in the UK.Peterson has supported Shell from the east coast of England since 2015 and the new contract will see that support continue until at least January 2022, the company said.Apart from announcing the extension with Shell, Peterson said that improvements to the Lowestoft site are also due to be completed soon…

15 Jun 2020

A New Role for Service Providers Amidst Energy Upheaval

© Mike Mareen/AdobeStock

In today’s energy industry, things are moving fast. The upheaval brought about by COVID-19 and exacerbated by the Russia-Saudi Arabia oil price war has been so profound that the International Energy Agency (IEA) has described the situation as “a once in a century event for energy demand”. This is supported by current IEA predictions which suggest a 6% drop in global energy demand in 2020 – seven times worse than the plunge in demand that followed the 2008 recession.Amid what the IEA has dubbed a “dismal” year for fossil fuels…

11 Jun 2020

UK Gov't Urged to Exempt All Offshore Workers from Quarantine Restrictions

Offshore workers - Credit: Алексей Закиров/AdobeStock

A group comprising five offshore energy industry associations has called for the UK Government to exempt all offshore energy sector workers from the 14-day quarantine restrictions introduced on June 8.The group that calls itself the global Offshore Industry Group, comprises  International Association of Drilling Contractors (IADC), International Association of Geophysical Contractors (IAGC), International Marine Contractors Association (IMCA), International Association of Oil…

04 Jun 2020

Havyard Names New CFO

A Havyard 833 WE platform supply Vessel - Credit: Havyard

Norwegian shipbuilding and technology group Havyard will appoint Erik Høyvik as CFO in Havyard Group from August 1, 2020.Havyard, which designs and builds various types of vessels, including those used in the offshore energy industry, said its current CFO Pål Aurvåg, would start in a new role in the company in August. Havyard did not provide details on this new role.As for the new CFO, he will join the company from a position as CEO in Nils Sperre AS, one of Norway's leading suppliers of pelagic fish…

02 Jun 2020

Miclyn Express Offshore Bags Charters for 14 Crewboats in Thailand

Image Credit: Miclyn Express Offshore

Miclyn Express Offshore, a Singapore-based offshore vessel provider to the offshore energy industry, has secured contracts for 14 of its crewboats.The company on Monday said that 14 of its crew boats have been contracted for a long term charter "with a leading E&P company in Thailand for 1,095 days from May 2020.""This fleet of crew boats will support oil & gas production activity i.e. inter-field transfer of personnel and cargo, evacuation and emergency response," Micyln Express Offshore said.Miclyn Express Offshore did not provide any details on the identity of the client…

22 May 2020

Esvagt CEO: No Job Cuts and Furloughs

(File Photo: Esvagt)

At these difficult times when companies involved in the offshore industry are cutting jobs across the board as one of the ways to preserve cash, there's one offshore vessel operator that, while indeed cutting salaries, is keeping the jobs in place.Esvagt, the Danish provider of emergency response and rescue vessels (ERRV) and service operation vessels (SOV) to the offshore energy industry, mostly in the North Sea, earlier this month said it would cut executive and staff pay, and delay investments.The pay cuts and investment delays are a response to the low oil prices and the COVID-19 pandemic…

13 May 2020

Tonnage Slips at Port Houston Amid Pandemic

Photo courtesy of Port of Houston

Monthly cargo volumes at Port Houston declined in April as the coronavirus outbreak continued to impact commerce in the U.S. and across the world.Port Houston, the 6th largest container port in the U.S., handled a total of 221,540 twenty-foot equivalent units (TEUs) in April, down 12% from the 252,693 TEUs in April 2019. For the full year, however, Port Houston handled 994,627 TEUs through April, which is 5% more than the first four months of 2019.Total tonnage at Port Houston’s public facilities was down 10% in the month of April at 3,766,756 short tons, a decrease of 3% year-to-date.

08 May 2020

Oil rises 5% in second weekly gain on output cuts, demand hopes

© Pavel Ignatov / Adobe Stock

Oil prices settled 5% higher on Friday in their second consecutive week of gains as U.S. producers cut production with the number of drilling rigs falling to a record low, and as more states moved ahead with plans to relax lockdowns intended to halt the coronavirus pandemic.The number of operating oil and natural gas rigs fell by 34 to an all-time low of 374 this week - reflecting data going back 80 years - as the energy industry slashes output and spending to deal with the coronavirus…

06 May 2020

Ampelmann Makes One Millionth Offshore Transfer in Middle East

Image Credit: Ampelmann

Ampelmann, a Dutch company providing crew transfer gangways to the offshore energy industry, has said it has achieved a milestone of one million safe personnel transfers in the Middle East.The company said Wednesday that the milestone, which it took nearly a decade to achieve, was achieved during a project with vessel owner Halul Offshore Services, a subsidiary on Milaha.The millionth transfer crew transfer was made via Ampelmann's A-type system, that has been operating on the Halul 43 vessel since the beginning of 2020…

27 Apr 2020

Jones Act Tankers Booked for Storage, Foreign Trips Amid Oil Glut

© Stacy DeLoach / MarineTraffic.com

Oil traders are hiring expensive U.S. vessels, normally only used for domestic shipments, to store gasoline or ship fuel overseas, five shipping sources said, in a sign of the energy industry's desperation for places to park petroleum amid a 30% drop in worldwide demand.Billions of people worldwide are living under confinement rules due to the coronavirus pandemic, destroying demand for gasoline and other fuels and creating a supply glut. Storage tanks onshore and floating storage in tankers on the water are rapidly filling…

03 Apr 2020

Oil Posts Biggest One-day Gain After Trump Touts Saudi-Russia Deal

© Pavel Ignatov / Adobe Stock

Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of producers to deal with the market turmoil.Trump said he had spoken to Saudi Crown Prince Mohammed bin Salman, and expects Saudi Arabia and Russia to cut oil output by as much as 10 million to 15 million barrels, as the two countries signaled willingness to make a deal.Trump did not specify barrels per day (bpd)…

31 Mar 2020

ABS to Class Silver Eagle's New Jack-Ups

ABS, a classification services provider to the marine and offshore industries, will provide classification for a series of "highly innovative Self-Elevating Drilling Units (SEDU)" for Silver Eagle Global.Silver Eagle, of Manama, Bahrain, says the self-propelled design is capable of working at greater water depths and in harsh environments. According to Silver Eagle Global, the Silver Eagle SEDU 430WC-4 will have the industry’s largest deck area and deck load capacity, large accommodation…

23 Apr 2020

What Will COVID-19 Mean for US Offshore Wind?

© Bragapictures / Adobe Stock

What will COVID-19 mean for the offshore wind industry? An industry not yet spinning on its own.Epitomized by the roller coaster ride that defined the stock market over the last few weeks, unpredictability has emerged as one of the few certainties of the coronavirus disease 2019 (COVID-19) crisis. Every industry has seen the effects of the pandemic, from hospitality, to travel, and even to the renewable energy sector. Indeed, even though the US offshore wind industry is not yet fully established…

27 Mar 2020

Managing a Crisis: Covid-19 and the Threat to Critical National Infrastructure

© Romolo Tavani/AdobeStock

In the midst of uncertainty and significant risk to people’s health, it is clear that the need for robust and accurate screening and testing of Covid-19 is needed now more than ever.The social and health implications of Covid-19 have already been well documented. However, what still remains largely unclear, is how badly Critical National Infrastructure and supply chain is going to suffer and what measures can be put in place to preserve it, especially offshore.It is imperative that workers involved in the energy industry are supported in their efforts to keep operations running.

24 Mar 2020

Work from Home: Energy Traders Swap Shouts for Babies, Barking Dogs

© cherryandbees/AdobeStock

SINGAPORE, March 24 -- From banks of screens and giant phones in the office, energy traders worldwide are adapting to a laptop in the bedroom -- and it's going surprisingly well.Working from home has become the new norm in the oil trading hubs of Singapore, London and New York as governments encourage physical distancing to curb the spread of coronavirus.While some energy companies have long had facilities in place to allow off-site access to trading platforms and other technology…

16 Mar 2020

Offshore Technology Conference (OTC) 2020 Postponed

© juanjo/AdobeStock

Offshore Technology Conference 2020, one of the world's largest conferences and exhibitions dedicated to the offshore energy industry, will be postponed this year due to the coronavirus outbreak.The OTC 2020 organizers said on Friday that the conference, originally scheduled for May 4-7, 2020, would be delayed.“The Offshore Technology Conference (OTC) recognizes the unprecedented global challenge associated with the current COVID-19 pandemic. The health and safety of our partners…

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