Gas Industry News

26 May 2020

OGA: UK North Sea Gas Less Carbon Intensive than Imported LNG

An LNG Tanker - Image by Igor Groshev / AdobeStock

Gas produced from the offshore platforms in the UK North Sea is less carbon-intensive than LNG imported in the UK, the UK oil and gas regulator OGA said Tuesday.According to the OGA analysis, the production of natural gas from the UK Continental Shelf (UKCS) creates less than half as much greenhouse gas as imported Liquefied Natural Gas (LNG).Per the OGA, gas extracted from the UKCS has an average emission intensity of 22 kgCO2e/boe; while imported LNG has a significantly higher average intensity of 59 kgCO2e/boe.Worth noting…

06 May 2020

Maersk Supply Service Cuts Jobs

A Maersk Supply Service offshore vessel

Danish offshore vessel owner Maersk Supply Service will let go 55 people in an effort to cut its onshore costs.The company said Wednesday that, in response to the negative development in the oil and gas industry, Maersk Supply Service today announced that it will reduce its onshore costs by 30 percent. "Approximately 55 people will be affected globally, with the majority being in the Headquarters in Lyngby, Denmark," Maersk Supply Service said.“We realize that the announcement is very unsettling, and indeed undeserved, for our employees.

06 May 2020

Liebherr: Broken Hook Cause of Orion Crane Collapse

Orion in Rostock - Image by Peter Keller/MarineTraffic

The article was updated to include a statement by a Deme spokesperson who said that the Orion delivery would be delayed following the accident.Following last week's crane collapse on offshore installation vessel Orion at Liebherr's yard in Rostock in Germany, Liebherr has said that the preliminary findings showed that a broken crane hook was the reason behind the accident.As previously reported, the accident happened last Saturday during the overload test of Liebherr's offshore heavy lift crane HLC 295000 aboard Deme's recently delivered offshore wind turbine installation vessel.

06 May 2020

HydroWing, Tocardo Working on Tidal-Energy-to-Hydrogen Project

THyPSO - Image by HydroWing

UK-based HydroWing and Dutch tidal energy developer Tocardo are working on a solution that will convert tidal energy into hydrogen, store it and offload it - similar to an FPSO in the oil and gas industry - to overcome the intermittency as well as the transportation issues.The concept called the THyPSO (Tidal Hydrogen Production, Storage and Offloading) includes a floating platform housing 1 ‚Äď 6 conventional bi-directional tidal turbines converting the tidal flows into electricity‚Ķ

04 May 2020

VIDEO: Crane Collapses on Deme Offshore's New Vessel

Image Credit: Deme Offshore

A giant crane collapsed on Saturday on Deme Offshore's flagship offshore vessel Orion at Liebherr's yard in Rostock, Germany, during crane load tests.Deme said Saturday that "a few persons suffered minor injuries." Deme Offshore said: "A serious accident has occurred today on board of offshore installation vessel ‚ÄėOrion 1‚Äô at the occasion of and during crane load tests. The vessel is under construction and owned by COSCO (QIDONG) OFFSHORE CO., LTD. The vessel is moored at the quayside at the Liebherr construction yard in Rostock‚Ķ

09 Apr 2020

Boskalis Buys Salvage Firm Ardent Americas

Image Credit: Boskalis

Dutch dredging and marine services giant Boskalis has acquired the U.S.-based maritime emergency response specialist Ardent Americas.Ardent, created by the 2015 merger of salvage divisions of Svitzer and Crowley, specializes in emergency preparedness and response, wreck removals, subsea services and decommissioning for the offshore oil and gas industry. Ardent Americas was a subsidiary of Ardent Global Marine Services, headquartered in IJmuiden, the Netherlands.Boskalis has also…

07 Apr 2020

Opinion: Renewable Energy Wins Over Oil and Gas in Post-Coronavirus World

© Geoff Tweddle / Adobe Stock

Imagine waking up one morning with a deadly tiger snake in your bed. To make matters worse out of the window you notice an approaching bushfire.Both are a threat to your life, but you are going to deal with the imminent danger of the snake first, and then tackle the more distant but still serious fire. It's the same with the new coronavirus and climate change.Since the rapid spread of the coronavirus beyond its origin in China and the social and economic havoc it's wreaking across the globe…

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…

20 Mar 2020

No Need for a Jones Act Waiver -AMP

© Cliff W Estes / Adobe Stock

America's maritime industry has hit back at a recent request by U.S. shale drillers to waive the Jones Act, a law requiring goods transported between U.S. ports to be carried on ships that are built, owned and operated by Americans.The American Exploration and Production Council, which represents independent oil firms that have been thrashed by an oil price war between Saudi Arabia and Russia and the fallout from the global coronavirus outbreak, sent a letter to congressional…

20 Mar 2020

Saipem Inks Deal with Equinor on Floating Solar Farm Tech

© Tom Wang/AdobeStock

Italy's Saipem has reached an agreement with Norway's Equinor to develop technology to build floating solar power farms close to the coast, the energy contractor said.The agreement is between Saipem's high-value services unit Moss Maritime and the Norwegian energy firm."The agreement with Equinor goes in the direction taken by Saipem and Moss Maritime to develop new technologies related to clean energy," said Moss Maritime Chief Executive Ida Husem.Saipem, a market leader in subsea construction for the oil and gas industry…

13 Mar 2020

Chevron Wraps Sale of Malampaya Field Stake

U.S. oil major Chevron has completed the exit from the Shell-operated Malampaya gas project offshore the Philippines with the sale of its 45% non-operating interest in the field to Udenna Corporation. The sale deal was signed in October 2019.The Malampaya natural gas field lies about 50 miles (80 km) northwest of the Philippine island of Palawan. Net daily production during 2019 averaged 136 million cubic feet of natural gas and 3,000 barrels of condensate.Produced from fields at water depths of about 2…

11 Feb 2020

Upstream Sector Leads O&A M&A in 2019

Graph: GlobalData

A latest research revealed that the upstream sector accounted for the bulk of mergers and acquisitions (M&A) in the global oil and gas industry in 2019, generating some high-value transactions during the process.According to GlobalData's theme report, ‚ÄėM&A in Oil and Gas ‚Äď 2020‚Äô, the acquisition of Anadarko Petroleum by Occidental Petroleum in April 2019 for a purchase consideration of US$57bn was the highlight of oil and gas M&A activity last year, says GlobalData, a leading data and analytics company.Ravindra Puranik‚Ķ

10 Feb 2020

UKCS Mediation Pilot Launched

Image: Oil and Gas Authority

UK oil and gas industry regulator Oil and Gas Authority (OGA) has revealed that it has launched a year-long UK Continental Shelf (UKCS) ‚Äúmediation pilot‚ÄĚ.According to the OGA, the pilot aims to test the extent to which mediation can resolve certain disputes between oil and gas licensees, operators and infrastructure owners in the UKCS.The OGA has found that disputes have generally arisen due to entrenched licensee behaviors or communication breakdowns. They can be costly and time consuming for the companies involved‚Ķ

09 Feb 2020

UK Readies Carbon Storage Road-map

Image: Oil and Gas Technology Centre (OGTC)

Heriot-Watt University researchers are to map out the UK’s best sites for carbon capture by studying the geology of depleted gas fields in the North Sea.The team led by Professor John Underhill will use data from industry regulator the Oil and Gas Authority's (OGA) National Data Repository (NDR), which was opened up to access for the first time in 2019.Professor John Underhill said: “The Southern North Sea faces three of some of the UK’s largest carbon emission areas: the industrial hubs of Teesside…

09 Feb 2020

Unique Group Acquires APAC Marine Unit

(L-R) Harry Gandhi and Mike Pugh. Photo: Unique Group

Integrated marine and subsea solutions provider Unique Group has announced the acquisition of the Australian-company Western Advance’s Marine Division.The provider of services and solutions for the offshore, subsea and life support industries also announced the appointment of Chris Forde as its new regional vice-president.Western Advance’s integration with Unique Group ties in with the Group’s strategy to enhance its portfolio of autonomous solutions for marine, offshore and subsea industry operations in the region.Harry Gandhi…

30 Jan 2020

Polarcus Seismic Vessel Refit Completed

(Photo: Navalrocha)

Portugal‚Äôs Navalrocha shipyard said it has completed a multimillion-euro repair and refit project for Dubai-based marine geophysical company Polarcus.The drydock project which completed in January 2020 involved a broad package of work to the ultra-modern 14 streamer 3D/4D seismic vessel ‚Äď Polarcus Naila.The vessel is environmentally advanced with diesel-electric propulsion, high specification catalytic converters, a double hull and advanced bilge water cleaning system.‚ÄúThe Polarcus Naila visited Navalrocha shipyard for a total of 33-days running through the Christmas period‚Ķ

17 Dec 2019

OGS: UK Offshore Energy Integration Advancing

Image: Oil and Gas Authority

Increased integration between offshore wind and other marine renewables and offshore oil and gas production can help deliver the UK‚Äôs net zero target through technologies such as carbon capture and storage (CCS), said a study.According to a new report from the Oil and Gas Authority (OGA), titled ‚ÄėUK Continental Shelf (UKCS) Energy Integration: Interim Findings‚Äô, innovative partnering between oil and gas, renewables, hydrogen and carbon capture can accelerate energy transition.The report discusses the first phase of the UKCS Energy Integration project which is led by the OGA‚Ķ

17 Jan 2020

AEGIR-Marine to Open Middle East Office

AEGIR-Marine has announced a new office in Dubai, UAE. The maritime stern tube seal and propulsion system service provider will now operate out of offices in the Netherlands, Singapore, Shanghai, Namibia, USA and UAE. The Dubai service team will focus its activities on both the strong Middle East oil and gas industry in addition to the company‚Äôs core business of commercial vessels.‚ÄúIn terms of stern tube seal and propulsion system service and parts, we are filling the gap between equipment makers and maritime service providers. This strategy resulted in a significant increase in service work and sales of parts in the Middle East,‚ÄĚ says Serge Lapré‚Ķ

20 Jan 2020

Oil, Gas Players Optimistic on Profits

Liv A. Hovem, CEO, DNV GL - Oil & Gas

Companies  in the oil and gas sector are optimistic about their ability to achieve their financial targets for 2020, according to a survey from standards agency DNV GL.While the sector‚Äôs growth hangs in the balance for 2020, oil and gas leaders are optimistic that they will weather the storm, drawing on hard-earned cost efficiencies from the past five years to make margin.Some 64% predict their organizations will hit profit targets this year (largely consistent with 62% in 2019)‚Ķ

19 Dec 2019

Volkswagen Attracts Bids for MAN Energy Solutions Unit

Volkswagen has attracted bids from Europe's Innio, Japan's Mitsubishi Heavy and U.S.-based Cummins for its MAN Energy Solutions, which makes diesel engines for ships and power generators, people close to the matter said.Innio, formerly known as Jenbacher and owned by buyout group Advent, as well as the two other bidders last week made bids for the VW unit, which could have a valuation of 1.5-2 billion euros ($1.7-$2.2 billion) in a potential sale, they said.Other bidders such as Hyundai Heavy are no longer in the running, they added.The divestment is part of Volkswagen's efforts to slim down and simplify the group which has 12 brands…

23 Jan 2020

ION to Shoot 2D/3D Programs off Colombia

Image: ION Geophysical Corporation

ION Geophysical Corporation, a provider of geoscience technology, services, and solutions for the oil and gas industry, has entered into a multi-client agreement with Colombia’s National Hydrocarbon Agency (ANH), granting rights to reprocess existing data and acquire new 2D and 3D multi-client programs offshore Colombia’s Caribbean coast.In February, the ANH announced a series of reforms to encourage investment in exploration and production, such as a permanent license round and a more attractive tax regime…

16 Jan 2020

ION Reimaging 3D Data Offshore Uruguay

Image: ION Geophysical Corporation

ION Geophysical Corporation, a provider of geophysical technology, services and solutions to the global oil and gas industry, has launched Tannat 3D, a multi-client reimaging program offshore Uruguay.Leveraging the ION’s existing regional UruguaySPAN data and subsurface knowledge, ION is reimaging 22,000 sq km of data over the country’s deep water blocks to create a contiguous volume for a holistic exploration perspective of the margin. "This program builds on ION’s excellent 3D merge and reimaging track record established on our quarter of a million square kilometer data library…

28 Jan 2020

Byron E. Vernicos Appointed as Ardent Rep

Byron E. Vernicos has been appointed exclusive Agent for Ardent for the Greek and Cypriot market.Ardent is a global specialist in emergency preparedness, emergency response, waste management, wreck removal, subsea services and decommissioning, servicing the marine and oil and gas industry. Byron E. Vernicos is a shipbroker who specializes in the offshore and maritime market since its establishment in 1978. Main focus areas are salvage, offshore vessels employment including deep sea towage and period charter, sale and purchase and other related activities.

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