Gas Industry News

27 Nov 2019

Viet Nam Readies for Oil Spill Contingency

Pic: International Maritime Organization (IMO)

Work is underway to further develop Viet Nam’s national oil spill contingency plan at a workshop in Ho Chi Minh City, Viet Nam, this week (26-29 November).Forty participants from across 10 government departments and the oil and gas and shipping industry are taking part in the workshop, which is the latest in a series of International Maritime Organization (IMO)-assisted events on oil spill contingency in South-East Asia.Participants are being introduced to international good practices…

26 Nov 2019

Qatar Ups LNG Production by 64% to 126 MTPA by 2027

Pic: Qatar Petroleum

Qatar Petroleum has announced that it will raise Qatar’s LNG production capacity to 126 million tons per annum (mtpa) by 2027, representing an increase of 64% from the current 77 mtpa.The announcement was made by Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, at a press conference held in Doha, during which he also announced that new studies have revealed that the North Field’s productive layers extend well into Qatari land in Ras Laffan…

27 Nov 2019

Jan De Nul orders Offshore Installation Vessel

Photo: Jan De Nul Group

Six months after the offshore installation vessel Voltaire, Jan De Nul Group orders Les Alizés, a floating installation crane vessel from the CMHI Haimen shipyard in China.Together with the Voltaire, this new vessel will be in a super-size class of its own, capable of building the newest generation of offshore wind farms. Les Alizés, that will be ready in 2022, is equipped with a crane having a lifting capacity of 5,000 tons and equally impressive lifting heights. Les Alizés will be able to load out, transport and install multiple units of the largest and heaviest wind turbine foundations.

26 Nov 2019

Boskalis Completes Horizon Acquisition

Image: Royal Boskalis Westminster

Dutch dredging and heavylift company Royal Boskalis Westminster has acquired the remaining 37.5% in the United Arab Emirates’s Horizon Group, a company specializing in the provision of marine geophysical surveys and geotechnical services.Earlier this year, Boskalis already acquired 62.5% of the shares. The 2019 revenue is expected to exceed USD 100 million and the activities will be consolidated as of 2020.Following this transaction, Boskalis will be able to optimize its successful…

25 Nov 2019

Semco Appoints Mercer as Managing Director

Brian Mercer  (Photo: Semco Maritime Ltd.)

Semco Maritime Ltd. has appointed Brian Mercer new Managing Director in the UK. Brian Mercer has taken up the position as Managing Director based on a diverse background with more than 30 years of experience covering oil & gas, aeronautical engineering, project and program management, operations and maintenance management and asset integrity. He holdsa Bachelor of Science degree in physics from the Heriot-Watt University, a Master of Arts degree in defense studies from the King’s College London and is a chartered engineer.Since 2005…

22 Nov 2019

DOF Subsea Bags APAC Contracts

Skandi Hercules. Image: DOF Subsea AS

Norway-based international subsea operating company DOF Subsea announced several contract-awards in the Asia Pacific region, securing 130 days vessel and resource utilization into the first quarter of 2020. The contracts, for undisclosed clients in New Zealand and South East Asia, will see Skandi Hercules commence operations in December 2019 for a major operator, said the company which provides integrated project managed and engineered subsea solutions to the global offshore oil and gas industry.Additionally…

20 Nov 2019

Albwardy Damen in Pact with Heila Cranes

Image: Damen Group

UAE-based Albwardy Damen has signed a service agreement with the provider of heavy-duty marine cranes Heila Cranes. Many of the vessels that Damen builds and maintains are fitted with cranes manufactured by the Italian company.The Dutch shipbuilding group said in a press release that the new service agreement between the two companies will enable Albwardy Damen to ensure that the Heila cranes on board its customers’ vessels operating in the region are guaranteed top quality, through…

18 Nov 2019

New Contracts, Extensions for MMA Offshore

Image: MMA Offshore

MMA Offshore, the provider of marine solutions and expertise to the offshore oil and gas industry, has been awarded a number of new contract awards and extensions.AGR Australia has awarded MMA a two-vessel contract supporting the Noble Tom Prosser Rig as part of the Victorian government’s CarbonNet Project, said the Australian company.The contract is expected to start late this month with a duration of about 45 days, the owner and operator of 30+ offshore supply vessels said.Esso Australia Pty Ltd has awarded MMA a three-vessel contract…

18 Nov 2019

BW Offshore Completes Bond Issue

Image: BW Offshore

BW Offshore, a provider of floating production services to the oil and gas industry, has successfully completed a NOK 900 million senior unsecured bond issue with a coupon of three months NIBOR + 4.50% and maturity in December 2023.The Oslo Stock Exchange-listed company said that the settlement of the new bond issue is scheduled for 4 December 2019.The existing NOK bonds have either been repurchased as part of the offering or will be called with settlement mid-January 2020.In combination with the USD 297.4 million convertible bond issue announced on 5 November 2019…

18 Nov 2019

Oil Majors to Raise $27Bln in Selling Spree

Pic: Rystad Energy

Global giants of the oil and gas industry – the so-called supermajors – are looking to sell assets that could fetch a total of $27.5 billion, according to Rystad Energy’s latest assessment.These companies are actively shedding mature assets on a massive scale in a bid to finance higher-yielding investments elsewhere, with the added benefit of pleasing shareholders who are calling for stricter capital discipline.“The expected transactions mean some of the majors are poised to exit certain regions…

18 Nov 2019

Wintermar Charters PSV Duo in Indonesia

© xmentoys / Adobe Stock

Wintermar announced on Monday it has secured contracts for two platform supply vessels (PSVs) to a major oil and gas company for a total of seven years including options.The PSVs will provide deck and cargo supply runs to support the drilling operations in Eastern Indonesia.Sugiman Layanto, Managing Director of PT Wintermar Offshore Marine Tbk said, "The project requires Dynamic Positioning 2 (DP2) operations while the vessels are approaching the rig. With our long experience in offshore deep water drilling campaigns since 2011…

12 Nov 2019

G42, ADNOC JV for AI in Oil and Gas

Photo: G42

With a goal of creating more artificial intelligence (AI) led solutions for the oil and gas sector, Abu Dhabi National Oil Company (ADNOC)  has signed a deal with compatriot technology company Group 42 (G42) to create a new joint venture.The JV will be tasked with developing and commercializing market-leading AI products for the energy sector.The agreement was signed at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) by Omar Suwaina Al Suwaidi, Director, Executive Office Directorate, ADNOC, and Peng Xiao, CEO of G42.

07 Nov 2019

LOC Group Wins BP Contract

LOC Group, a provider of services to the offshore oil and gas industry, announced it has become the third-party provider for marine assurance and inspection with BP Egypt.LOC Egypt has been awarded a two-year marine assurance and inspection contract by BP Egypt. This is the first time LOC Egypt has been awarded work by BP, the major oil and gas operator in Egypt. The First vessel inspection is expected to commence imminently to ensure efficient participation in their offshore campaign/Project.Tamer Gamil, LOC Egypt Country Manager, said, “This is the first agreement we have won with BP Egypt, which demonstrates the considerable progress we have made as an organization since opening our office here in January 2018.”R V Ahilan…

06 Nov 2019

Japan Marks 50 years of LNG Imports

File Image: AdobeStock / © Fotmart

Japanese gas buyers on Wednesday marked the 50th anniversary since the first cargo of liquefied natural gas (LNG) arrived in Japan, now the world's biggest importer of the fuel.The arrival of the cargo on Nov. 4, 1969 helped transform Japan's energy system, which had relied on oil, coal and gas from coal in an era of high growth, before nuclear power was developed.But Japan's energy situation is undergoing huge changes in the wake of the Fukushima nuclear disaster in 2011, which…

31 Oct 2019

Oil and Gas Industry Adopts VR

Pic: GlobalData

The oil and gas industry is witnessing wide-scale deployment of virtual reality (VR) technology across its value chain, according to GlobalData.According to the report, ‘Virtual Reality in Oil & Gas’, VR is finding its way into upstream, midstream and downstream sectors with applications in the simulation of new processes, analysis of project designs, reviewing of maintenance requirements and planning disaster responses.Ravindra Puranik, Oil and Gas Analyst at GlobalData, said: “Over time…

31 Oct 2019

Offshore Wind: a Freshening Breeze?

AdobeStock_CREDIT Yauhen Suslo

July brought news about offshore wind. There was something for everyone: optimism, disappointment, and construction, too.Finally, starting with Dominion Energy’s Coastal Virginia Offshore Wind Project, a joint venture with Danish wind developer Orsted is underway. True, this is a small project – just two wind turbines to be installed 27 miles east of Virginia Beach. But considering all the preceding hurdles, news about Dominion blew in as proverbial, hopeful fresh air. Surely…

30 Oct 2019

OP/ED: Offshore Wind

Nicolette Nye, Vice President of Communications and Member Development of the National Ocean Industries Association (NOIA) in Washington, DC.

Set to Soar, Taking Offshore Support Industry With it.Offshore energy development is opening a new front in the United States -- the Atlantic seaboard, with strong winds, a shallow continental shelf and a proximity to dense population centers is driving strong interest in offshore wind development. The offshore oil and gas supply chain stands to benefit in a big way from billions in coming investment. In fact, it is already playing a role. Companies in the Gulf of Mexico, which traditionally support the offshore oil and gas sector…

30 Oct 2019

Oilfield Services Firms Moving Beyond Oil

Graph: Rystad Energy

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…

28 Oct 2019

Emas Goes Under Judicial Management

Image: EMAS Offshore Limited

EMAS Offshore, a global offshore contractor and provider of integrated offshore solutions to the oil and gas industry, said that its July application to be placed under judicial management approved by High Court of Singapore.According to a press note, the Court had granted the judicial management application on October 21, 2019.Goh Thien Phong and Chan Kheng Tek of PricewaterhouseCoopers Advisory Services (PWC) have been appointed judicial managers and will seek to achieve the survival of the company…

24 Oct 2019

Jan De Nul Group Opts for SCHOTTEL

(Image: Jan De Nul Group)

Jan De Nul Group’s new Offshore Jack-Up Installation Vessel (JUV) Voltaire – built at COSCO Shipyard in Qidong, China, and set set to be delivered in 2022 – will be powered by propulsion solutions from SCHOTTEL. The four rudderpropellers and two transverse thrusters provided by SCHOTTEL are part of the vessel’s thruster setup which will ensure optimal propulsion efficiency as well as maximum maneuverability. With a payload of approximately 14,000 metric tons and a crane capacity of over 3…

23 Oct 2019

Searcher Completes Northern Basins Study

Map: Searcher Seismic

Searcher Seismic announced the expansion of its modern offshore data library with the completion of its Northern Basins Prospectivity Study in Papua New Guinea.The independent multi-client company providing seismic datasets and associated products to the global oil and gas industry, said that in conjunction with Discover Geoscience, it has compiled the Northern Basins Prospectivity Study following its successful acquisition of the Solomon Sea Broadband Non-Exclusive 2D seismic…

08 Oct 2019

Digitalization: Oil Industry Could Save up to $100Bln

Graph: Rystad Energy

The global oil and gas industry can save as much as $100 billion through automation and digitalization in the 2020s, energy research firm Rystad Energy said."As much as $100 billion can be eliminated from E&P upstream budgets through automation and digitalization initiatives in the 2020s. Service companies are reinventing themselves to help operators unlock these savings," said the study by  Rystad.In 2018, $1 trillion was spent on operational expenditures, wells, facilities and subsea capital expenditures across more than 3,000 companies in the upstream space.

29 Sep 2019

Thailand Prepapres for Oil Spill

Image:  International Maritime Organization (IMO)

Supporting countries to prepare for contingencies is an important part of International Maritime Organization (IMO) 's capacity building work.Thailand is the latest country to benefit from IMO assistance to update its oil spill contingency plan at a National Workshop on National Contingency in Bangkok (24-27 September).Thirty-five participants from 15 government entities and oil and gas  companies learned about the latest international best practices, and developments, in the…

Maritime Reporter Magazine Cover Nov 2019 - Workboat Edition

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