Oilfield Services Firms Moving Beyond Oil
Heavyweight oilfield service providers like Saipem and Baker Hughes are moving past just oil and gas projects and embracing more renewable energy projects going forward.In 2014, non-upstream oil and gas activities accounted for 22% of revenues among service suppliers. This share grew to 27% in 2018.According to Rystad Energy, the trend to accelerate in the next decade.“If pure-play contractors within drilling, well services and seismic – which don’t have much to offer outside the upstream oil and gas industry – are removed from the equation…
Chinese Survey Ship Nears Vietnam Coast
A Chinese survey vessel on Saturday extended its activities to an area closer to Vietnam's coastline, ship tracking data showed, after the United States and Australia expressed concern about China's actions in the disputed waterways.The Haiyang Dizhi 8 vessel first entered Vietnam's exclusive economic zone (EEZ) early last month where it began a weeks-long seismic survey, triggering a tense standoff between military and coastguard vessels from Vietnam and China.The Chinese vessel…
UUV Market to Reach $7.64bln
The global unmanned underwater vehicles (UUV) market was around USD 2.92 billion in 2018 and is expected to reach approximately USD 7.64 billion by 2025, at a CAGR of slightly above 14.91% between 2018 and 2025.The global unmanned underwater vehicles market is growing, owing to its rising applications in the defense and military sector, scientific research applications, and commercial purposes, said a report from Zion Market Research.Unmanned underwater vehicles (UUV), also referred to as underwater drones…
BSEE Retains TGS
Norwegean surveying services company TGS-NOPEC Geophysical Company (TGS) has been awarded a five-year contract for Digital Well Log Data Processing with the United States Department of the Interior, Bureau of Safety and Environmental Enforcement (BSEE), a federal agency tasked with overseeing offshore oil and gas activities.TGS has been providing Digital Well Log Data Processing services to BSEE since 2004, said the provider of multi-client geoscience data to oil and gas Exploration and Production companies worldwide.BSEE requires complete…
Vietnamese Fishermen Want Action Against China
A Vietnamese fishermen's group has called on the government to take stronger measures for the removal of a Chinese oil survey vessel that Vietnam accuses of violating its sovereignty in the South China Sea.Vietnamese and Chinese ships have been in a weeks-old standoff near an offshore oil block, the latest confrontation in waters that are a potential global flashpoint as the United States challenges China's sweeping maritime claims.The busy waterway will be high on the agenda this week as countries of the Association of Southeast Asian Nations (ASEAN) meet in Bangkok with foreign ministers from China, the United States and other powers.Vietnam…
Wintershall Appoints Helge Beuthan to Head ME
Germany's largest crude oil and natural gas producer Wintershall Holding has appointed Helge Beuthan as new general manager of its Middle East division in Abu Dhabi.Beuthan, the current vice president for global subsurface evaluation, would take over the duties of Uwe Salge in Abu Dhabi on February 1, said a press release from the wholly owned subsidiary of BASF.The previous General Manager will return to Wintershall in Kassel, where he will take over Beuthan's area of responsibility.Helge…
Sharp Contrasts in Markets Impact Van Oord
The year 2017 was dominated by the difficult market conditions in the dredging and oil & gas sectors, says Pieter van Oord, CEO, Van Oord, the Dutch contracting company that specializes in dredging and land reclamation. The global contractor specialising in dredging, marine engineering and offshore projects (oil, gas and wind) said that the volume of work in offshore wind was stable, and the market dynamic in the offshore wind sector will generate a lot of opportunities for years to come.
Vietnam Renews India Oil Deal In Tense South China Sea
Vietnam has extended an Indian oil concession in the South China Sea and begun drilling in another area it disputes with China in moves that could heighten tensions over who owns what in the vital maritime region. The moves come at a delicate time in Beijing's relations with Vietnam, which claims parts of the sea, and India, which recently sent warships to monitor the Malacca Straits, through which most of China's energy supplies and trade passes. Vietnam granted Indian oil firm ONGC Videsh a two-year extension to explore oil block 128 in a letter that arrived earlier this week, the state-run company's managing director Narendra K. Verma told Reuters.
Maersk Reaches Key North Sea Tax Deal with Denmark
Shipping and oil company A. P. Moller-Maersk on Wednesday reached an agreement with the Danish state that means it will pay less tax on its North Sea oil and gas activities through 2025. The deal, which has been under negotiation for months, makes it viable to redevelop the Tyra field through which 90 percent of Denmark's gas production is processed, and it is seen as crucial for the Danish company that is seeking to spin off its energy assets via a listing or merger. Maersk and its partners in the Danish Underground Consortium (DUC) -- Shell…
Op/Ed: Opportunities for US Shipyards in 2017 and Beyond
SCA’s Matt Paxton weighs in on the state of domestic shipbuilding – workboat building & everything in between. As President of the Shipbuilders Council of America, the national trade association representing the U.S. shipyard industrial base, we are constantly evaluating the status of the nation’s commercial vessel building and repair base. American shipyards continue to build to the highest standards for diverse range of customers. These vessels built by American workers go on to serve an integral part to our national economic well-being and basic security responsibilities.
BSEE Director Brian Salerno Weighs in on Offshore Ops
Brian Salerno was sworn in as the Director of the Bureau of Safety and Environmental Enforcement (BSEE) on August 26, 2013. He is responsible for promoting safety, protecting the environment and conserving resources through the vigorous regulatory oversight and enforcement of offshore operations on the U.S. Outer Continental Shelf. Prior to his appointment as Bureau Director, Salerno served as the U.S. Coast Guard’s Deputy Commandant for Operations where he was responsible for establishing and providing operational strategy…
GoM Operators Evacuating Ahead of Storm
Offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs in the path of Tropical Depression No. The Bureau of Safety and Environmental Enforcement (BSEE) said its Hurricane Response Team is activated and monitoring the operators’ activities, and will continue to work with offshore operators and other state and federal agencies until operations return to normal and the storm is no longer a threat to Gulf of Mexico oil and gas activities. Based on data from offshore operator reports submitted as of 11:30 a.m.
Bourbon Puts Gas Plans on Hold
Bourbon’s plan to diversify into the gas carrier market has run into financial obstacles. The company said in a statement that its board of directors acknowledged that the financing required for the acquisition of Jaccar Holdings’ gas activities would not be obtained within the originally stated timeframe. Consequently, the board has removed the resolution from the agenda of the annual shareholders meeting scheduled for May 26. “The diversification of Bourbon in this new activity remains a strategic objective for the company,” it said in a statement.
BOEM's Public Meetings Rescheduled
The Bureau of Ocean Energy Management (BOEM) is holding meetings to seek public input on the Draft Programmatic Environmental Impact Statement that analyzes potential impacts of oil and gas activities that could result from lease sales scheduled in the 2017-2022 Five Year Program for Outer Continental Shelf (OCS) Oil and Gas Leasing. Public meetings provide an opportunity for people to learn more about the Five Year Program and the potential impacts of oil and gas leasing. Attendees can have one-on-one conversations with BOEM scientists…
Reintjes: Changing Gears
Reintjes is a name known well in maritime circles, a German engineering and manufacturing company which has designed and built some of the most rugged gearboxes on the waterways. Klaus Deleroi took the helm at Reintjes in January 2015, and he is in the midst of steering a change in mindset at the company: a mindset that is more customer-centric to better understand and fulfill the needs of the people and companies that own and operate vessels. We met with Deleroi in his Hameln, Germany, HQ for insights on the path ahead.
Vroon Laying up 12 OSVs
The Netherlands-based Vroon Offshore Services has decided to pull 12 offshore-support vessels out of operation, saying the move is a “direct result of the ongoing slump in offshore oil and gas activities”. This consequently means it will also reduce the number of onboard positions. The company said that from the fourth quarter of 2015 onwards, five platform-supply vessels and seven emergency response and rescue vessels (ERRV) would enter long-term lay-up. In addition, a number of older ERRVs are being divested for recycling purposes, Vroon has said.
NOIA Supports DOI’s Upcoming Offshore Lease Sale
National Ocean Industries Association (NOIA) president Randall Luthi today voiced his support for the U.S. Department of Interior’s (DOI) Western Gulf of Mexico Lease Sale scheduled for next week. “The call to delay next week’s Department of the Interior Western Gulf of Mexico oil and natural gas lease sale shows how out of touch with energy reality and the American people some extremist environmental groups are,” Luthi said in a statement issued today. “Due to low oil prices and increasing regulatory burden, this is not expected to be a momentous sale, but even so, the oil and gas industry will add hundreds of thousands of dollars to the U.S. Treasury.
BOEM, Geologists Partner for OCS Information Sharing
The Bureau of Ocean Energy Management (BOEM) and the Association of American State Geologists (AASG) have signed an agreement to foster interaction, cooperation and coordination on marine minerals and oil and gas resources on the outer continental shelf (OCS). Since the 1990s, BOEM and its predecessor agencies have worked with numerous state geological surveys on cooperative agreements to evaluate OCS sand resources for coastal resilience, restoration projects and planning. A national-level agreement will improve information exchange and the ability for BOEM, AASG and its members to communicate on national plans and issues with each other.
BSEE Launches Efforts to Reduce Offshore Risk
Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno made two announcements during a press conference in Houston Tuesday at the Offshore Technology Conference (OTC) - each aimed at reducing the risks associated with offshore oil and gas operations. First, Director Salerno announced the launch of the SafeOCS program, an initiative aimed at collecting and analyzing “near miss” data. Second, he released BSEE’s first-ever Annual Report, which presents the agency’s analysis of offshore activities, trends, indicators, incidents and other key data points. Salerno said BSEE is working to identify methods to learn more about the causes of all serious offshore incidents.
BOEM Proposes 10 GOM Lease Sales for 2017-2022
The Bureau of Ocean Energy Management (BOEM) proposes to conduct 10 oil and gas lease sales in the federal waters of the Gulf of Mexico (GOM), as outlined in the 2017-2022 Draft Proposed Leasing Program. BOEM published in the April 29, 2015, Federal Register, a Notice of Intent (NOI) to prepare an Environmental Impact Statement (EIS). The NOI seeks input on the scope of the 2017-2022 GOM Multi-sale EIS for these ten proposed GOM Lease Sales. These sales will not be held unless they are included in the 2017-2022 Final Outer Continental Shelf Oil and Gas Leasing Program. However, as some sales are tentatively scheduled to take place in 2017 and 2018, the BOEM must initiate preparation of the EIS before the 2017-2022 Five Year Program is finalized.
KVH Increases Mini-VSAT Broadband Network Capacity
KVH Industries, Inc. has completed several capacity increases for its mini-VSAT Broadband network to support heightened demand from customers engaged in a wide range of commercial maritime activities around the world, including offshore oil and gas, fishing, and shipping, the company announced today. Utilizing 17 satellites and 24 transponders to provide global coverage, KVH’s mini-VSAT Broadband is the most extensive C/Ku-band maritime VSAT network in the world, and is designed for rapid expansion by accessing abundant commercial satellite capacity.
Sortland Named CEO of Global Maritime Group
Global Maritime Group has appointed Peder Sortland as its first CEO. Sortland comes from the post of CEO at Apply ASA, and knows part of the group well from holding the position as chair of Global Maritime AS since April 2014. Before joining Apply in 2012, Sortland was chief executive of Ross Offshore and Subsea Technology Group. He has also managed the Norwegian unit of Subsea 7, and held the position as chair in Ocean Installer. He held a number of leading posts in the Statoil group from 1992-2010, covering upstream and downstream oil and gas activities both in Norway and internationally.
SWISSCO Sets Up JV with Union Offshore
The Board of Directors of Swissco Holdings Limited has entered into a joint venture with Union Offshore Ltd, a company incorporated in the Republic of the Marshall Islands. The joint venture has secured a charter contract with an approximate value of up to US$115 million to provide an offshore service unit for up to a seven-year period to support the oil & gas activities of an oil company in Asia Pacific. The joint venture has entered into a Memorandum of Agreement to acquire and own an offshore service unit to meet the requirements of the contract. bank borrowings. The above mentioned charter is not expected to have a material impact on the Group’s earnings per share or net tangible assets per share for the financial year ending 31st December 2014.