Oil And Gas News

24 Nov 2020

ABS Awards Smart Notation to AET’s Eagle Passos

(Photo: ABS)

Classification society ABS said it has awarded AET the SMART (INF) Notation for the 152,700 DWT DP2 shuttle tanker Eagle Passos, which was built and delivered by South Korean shipbuilder Samsung Heavy Industries Co., Ltd. (SHI).The first shuttle tanker to be granted an ABS Smart Notation, which recognizes the vessel’s data communication and network infrastructure, Eagle Passos will also be granted the Operational Performance Management (OPM) and Crew Assistance and Augmentation (CAA) class record comments in recognition of the optimization…

24 Nov 2020

Fincantieri to Open Ship Repair Yard in Mexico

(Photo: Fincantieri)

Fincantieri is teaming up with the Mexican government to open a new shipyard that will provide repair, conversions and maintenance cruise ships, large cargo vessels and oil and gas vessels.The Italian shipbuilding giant revealed Tuesday that it has signed a letter of intent (LoI) with the Ministry of Economic Development and Labor of the Yucatán State (Mexico) to participate in the design and construction of the new facility, located within the expansion and modernization of the Port of Progreso, the main port of the state, approximately 35 kilometers from the capital Merida.

24 Nov 2020

EGR Offered for Dual-fuel ME-GA Engine

MAN B&W 5G70ME-GA engine with EGR system (Image: MAN Energy Solutions)

MAN Energy Solutions announced that it will offer its proprietary EGR (Exhaust Gas Recirculation) system as an emissions solution for its new, low-speed ME-GA engine, the Otto-cycle variant of its established ME-GI dual-fuel engine. EGR is a NOx-emissions-reduction technique that ensures IMO Tier III-compliance in both diesel and gas mode.The company has long experience with the emission-reduction technology and reported the first order for an EGR system in 2011 when it was fully integrated within the MAN B&W 6S80ME-C9 main engine of a 4,500 teu containership newbuilding.Thomas S.

23 Nov 2020

AqualisBraemar to Acquire LOC Group

Credit: AqualisBraemar

Offshore energy and marine consultancy AqualisBraemar will acquire marine and engineering consulting firm LOC Group (London Offshore Consultants).Oslo-listed group AqualisBraemar, which offers consultancy services to the offshore energy industries, said Monday that the acquisition would create "a leading global independent offshore energy and marine consultancy."David Wells, CEO of AqualisBraemar, said: "Our strategy is clear; we want to grow through continued expansion in the rapidly growing offshore renewables industry…

19 Nov 2020

US Moves to Loosen Safety Rules for Arctic Offshore Drilling

(File photo: U.S. Coast Guard courtesy of Air Station Port Angeles)

The Trump administration on Thursday proposed to loosen Obama-era safety regulations for the oil industry in the Arctic Ocean off Alaska to ease the way for petroleum extraction in the region, an effort that President-elect Joe Biden will likely throw out once in office.The proposal would revise a suite of Obama-era rules crafted to improve safety in the extreme conditions of the Arctic after a Shell drilling rig ran aground there in 2012. The company later abandoned oil exploration in the region and there are no active drilling operations there.Now, much of the U.S.

19 Nov 2020

Golar LNG, Black & Veatch in Green, Blue Floater Tech Push

Illustration; Golar and B&V collaborated on the Hilli Episeyo FLNG project - Image credit:En Eeh Wan/MarineTraffic.com

Liquefied natural gas shipping firm Golar LNG and the engineering giant Black & Veatch on Thursday said they would expand their long-standing FLNG relationship, and start working on projects involving floating ammonia production, carbon capture, green LNG, and hydrogen.Golar LNG said that the partnership's first area of interest was floating ammonia production with carbon capture and storage - Floating Blue Ammonia. The two companies plan to jointly publish a thought leadership paper on Floating Blue Ammonia by the end of the year.After this…

18 Nov 2020

Ideol Could Create Over 500 Jobs in Port of Cromarty Firth

For illustration - Floatgen 2 - Ideol - Credits Ideol & V.Joncheray - BD

Floating wind farm foundations specialist Ideol has signed a letter of intent with the Port of Cromarty Firth in the UK, that could create more than five hundred new Scottish construction jobs.The agreement would see the French-based company and its future local construction partners use the Port’s land and Firth berthing sites and cooperating towards further developing the facilities and infrastructure to establish a concrete hull serial manufacturing yard for incoming floating wind tenders.

12 Nov 2020

Aquaculture: Inside the De Maas’ Offshore Fish Farm

Image Courtesy De Maas.

As attention increasingly turns to ocean health and sustainability, an innovative new fish farm solution was deployed earlier this year when the De Maas’ Semi-submersible Spar Fish Farm (SSFF) became the world’s first offshore farm installed at an open ocean location exposed to tropical storms. MTR recently visited – virtually – with co-founder Philip Schreven for insight on the design and operation particulars of their innovation.How did you became involved in this unique niche of the maritime industry?Mark van Leeuwen and I founded De Maas in 2007 as an offshore oil and gas services company.

09 Nov 2020

Working Out the Election’s Impact on the US Workboat Industry

© Matthew / Adobe Stock

By the time this article is published, voting will have concluded in the 2020 United States presidential election. Based on the possibility of legal challenges to the election, however, it may be some time before we know who will be occupying 1600 Pennsylvania Avenue on January 20, 2021. Additional uncertainty may linger with regard to control of the Senate. However, beyond the general spectacle of American politics, an important question remains: What does this election mean for the U.S.

04 Nov 2020

Alfa Laval Prepares to Test Marine Biofuel

Fuel tanks at the Alfa Laval Test & Training Center (Photo: Alfa Laval)

Alfa Laval says its 2800 m2 testing space – already equipped for today’s oil and gas fuels – has been readied for testing with biofuels. In coming years,  as the marine industry races to slash greenhouse gas emissions, the center will accumulate knowledge to aid maritime decarbonization.Located in Aalborg, Denmark, the Alfa Laval Test & Training Centre is a core component of Alfa Laval’s own research and development. It is also a site for collaboration with industry partners and research institutes…

03 Nov 2020

Sivandran Named Managing Director of BMT Asia

Suba Sivandran (Photo: BMT)

Suba Sivandran has been appointed the new Head of Asia for BMT based in Singapore, a move that coincides with the organization’s growth initiative in the region launched this month. He will oversee all commercial operations with a focus on driving new business into more complex, emerging markets including defense, offshore renewable energy and marine infrastructure engineering and advisory offerings.With more than a decade of consulting experience throughout Europe and the APAC region…

02 Nov 2020

US Sanctions: Spotlight on Russia

© Mikhail Perfilov / Adobe Stock

This article will focus on U.S. sanctions on Russia/Ukraine. The Russia/Ukraine sanctions program is a complex mix of comprehensive, noncomprehensive and “sectoral” sanctions. It includes both primary sanctions aimed at U.S. persons and secondary sanctions aimed at non-U.S. persons. It encompasses broad sectors of the Russian economy and significant dealings with sanctioned individuals and entities, while generally permitting most transactions with Russia. Accordingly, it stands alone in U.S.

30 Oct 2020

Op/Ed: Candidates Should Not Ignore Offshore Safety Advances

© Mosto / Adobe Stock

The American Gulf of Mexico is home to impressive industry and even more incredible beauty. Every day, fishermen, conservationists, tour guides, canal and port dredgers, offshore oil and gas workers and countless others go to work in and around the Gulf of Mexico. What links them together is a passion to safely do their jobs in a way that strengthens the Gulf Coast’s natural resources.When candidates and elected officials advocate for “no more drilling, including offshore,” they…

30 Oct 2020

Baksaas Appointed DNV GL’s Chair of the Board

(Photo: DNV GL)

Former Telenor CEO Jon Fredrik Baksaas has been appointed as DNV GL’s new chair of the board, the Norwegian-headquartered classification society announced.Best known for his 13-year tenure as president and CEO of the telecoms firm, Baksaas started his career with DNV (as it was then known) and spent six years at the company before leaving in 1985. He has also served as member of the DNV Council for 12 years.“DNV GL is a company that is well positioned to take a role as a trusted voice to tackle the global transformations the world is facing.

29 Oct 2020

Frequent Hurricane Shutdowns Weigh on US Energy Results

© andrej pol / Adobe Stock

As crews began returning to U.S. Gulf of Mexico offshore facilities on Thursday, this year's repeated oil and gas production halts were already hitting energy firms' results.Eight named storms entered the U.S. Gulf of Mexico this year, most spiraling up to damaging storms that required offshore facility evacuations or temporary well shutdowns."It has been a difficult and challenging year because of the number of storms," said Erik Milito, president of trade group National Ocean Industries Association. U.S.

29 Oct 2020

Malaysia: Petronas Launches Investigation into Fatal Offshore Incident

Credit :Mohd Zubil Mat Som/Twitter

Malaysian oil and gas giant said Thursday it was investigating the cause behind the incident that happened earlier this week when the Dayang Topaz offshore vessel crashed into its platform at the Baram field, off Sarawak."A thorough assessment of the platform structures is being carried out. Petronas is committed to undertaking all the necessary measures to ensure that the platform structures remain safe and secure," the company said.According to Petronas, the company's investigations…

28 Oct 2020

Petrobras to Buy P-71 FPSO and Deploy It on Itapu Field

Petrobras 71 FPSO - Credit: Petrobras

Brazilian national oil company Petrobras has agreed to buy the P-71 Floating Production Storage and Offloading (FPSO) vessel and use it for the development of the Itapu field.Petrobras said that the FPSO was to be used at the Tupi field, however, after negotiations with its partners in BM-S-11 Consortium, Shell Brasil Petróleo Ltda (25%) and Petrogal Brasil S.A. (10%), Petrobras agreed to buy the FPSO for $353 million, the amount corresponding to the partners' share in P-71.The P-71…

27 Oct 2020

ABS Updates Its Shuttle Tanker Advisory

© Fotos von Schiffen / Adobe Stock

Classification society ABS announced Tuesday it has updated its Shuttle Tanker Advisory, offering insights on shuttle tanker design and operation all over the globe, with particular focus on Brazil, the North Sea and the Gulf of Mexico.The Advisory explains how ABS optional notations complement class and statutory requirements to fulfill varying regional and operational requirements. As well as exploring new technologies having an impact on the sector, the Advisory identifies…

27 Oct 2020

KR Authorized to Provide Statutory Services to Brunei

© corlaffra / Adobe Stock

The Korean Register (KR) has been appointed to deliver statutory services on behalf of the Government of Brunei. KR will act as a Recognized Organization (RO), with KR surveyors conducting vessel surveys and audits, issuing certificates for Brunei’s flagged ships and ensuring full compliance with the SOLAS, MARPOL, ITC, ILL, and MLC regulations and international conventions.Brunei is a country where the oil and gas industry accounts for 90% of the national economy, as a result…

26 Oct 2020

Gibbs & Cox Establishes Houston Office

© SeanPavonePhoto / Adobe Stock

Naval architecture and marine engineering firm Gibbs & Cox announced it is expanding its services into Houston with the aim to generate revenue in non-naval markets, develop and sell new products and/or services to non-traditional clients and contribute to existing programs."Over the last several months, we have hired a number of staff from the Houston area and expect this trend to continue as we continue to grow with our recent contract wins," Gibbs & Cox said in a statement on Monday.In the near term…

27 Oct 2020

Siemens, Carlyle Near $2.4 Billion Deal Over Flender Business

(Image: Flender)

U.S. buyout group Carlyle Group Inc is nearing an agreement to acquire Siemens AG's mechanical drive arm Flender, for about 2 billion euros ($2.37 billion), Bloomberg News reported citing sources.Siemens and Carlyle are finalizing terms of the deal that could be announced as early as this week, the report said.Last week Siemens had asked Triton, Carlyle, CVC and Brookfield to submit final offers next week for the business, which has earnings before interest, tax, depreciation…

22 Oct 2020

Greece Calls for Tougher EU Stance Over Turkish Mediterranean Exploration

Turkey's Oruc Reis seismic vessel - ©Sergey Moroz / MarineTraffic.com

Greece urged the European Union on Wednesday to reconsider its customs union with Turkey in response to Ankara's continued gas exploration in contested Mediterranean areas, deploring what it termed Ankara's "imperial fantasies."After meeting Cypriot President Nicos Anastasiades and Egypt's President Abdel Fattah al-Sisi in Nicosia, Greek Prime Minister Kyriakos Mitsotakis said they all agreed that Ankara is "blatantly" violating international law."Turkey's leadership has fantasies of imperial behavior with aggressive behavior from Syria to Libya…

21 Oct 2020

ABS Grants Approval in Principle for DSME Floater

Credit: ABS

Maritime and offshore classification society American Bureau of Shipping (ABS) has granted Approval in Principle (AiP) for the design of what it described as "a wide breadth, single row, near-shore LNG Floating Production Storage Offloading Vessel (FPSO) hull with a jetty-moored system." The hull design has been developed by South Korea's Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME).The 64m wide barge-shaped hull features a GTT NO96 single row containment system with a storage capacity of 209,000 m3.

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