Oil And Gas News

22 Apr 2019

GDI in Drilling Services Contract with NOC

Image: North Oil Company

Gulf Drilling International (GDI) has signed a three-year contract with North Oil Company (NOC) to provide drilling services through the drilling rig Dukhan for NOC’s extensive development programmes in Al Shaheen oil field.The Al Shaheen Oil Field is a production oil and gas field off the north east coast of Qatar in the Persian Gulf, 80 kilometres north of Doha.The subsidiary of Gulf International Services (GIS) said in a press release that the signing ceremony was attended by GDI’s Chief Executive officer William Ceppi and NOC’s Chief Executive Officer Jacques Azibert.

22 Apr 2019

Oman LNG Settles $2bln Loan in Advance

Pic: Oman LNG

Oman Liquefied Natural Gas LLC has announced that it has successfully repaid its US$2 billion loan facility obligation ahead of schedule, saving interest costs.According to Oman News Agency, the move is part of the company’s ongoing efforts to reduce financial costs and support Oman’s credit rating.The agency quoted Dr Mohammed bin Hamad al Rumhi, Minister of Oil and Gas and chairman of Oman LNG, as saying: “The early repayment of the loan by Oman LNG demonstrates the financial robustness of the company and confidence in the oil and gas industry and Omani economy at large.

22 Apr 2019

Petrobras Extends BassDrill Beta Contract

BassDrill Beta. Image: Atlantica Tender Drilling Ltd

Atlantica Tender Drilling, a provider of management and contract drilling services for oil and gas wells for the offshore tender assist market worldwide, announced that Petrobras has extended the rig BassDrill Beta by 180 days."Petrobras exercised its right to extend the Beta contract by 180 days commencing in September 2019 through March of 2020," said a press release from theAtlantica has two semi tender units are secured on long-term development contracts. Atlantica's “BassDrill Beta” is a semi-submersible tender assist vessel built by Dalian Shipbuilding Industry.

21 Apr 2019

Arnlea, Px Sign Six Figure Renewal Contract

Image: Arnlea Systems Ltd

Arnlea Systems, a provider of mobile technology solutions for clients working within the oil and gas sector, has announced that it has renewed its existing contract with Px Group for a further five years with a six-figure value.Aberdeen-based software specialist said that the five-year deal has been awarded by operator and duty holder Px Group for use of its IntrinsixEx  software, which speeds up the inspection and reporting process for faulty equipment.The total value of the deal has not been disclosed.

19 Apr 2019

Oryx Acquires South African Marine Fuels

Image: South African Marine Fuels Pty Ltd

Oryx Energies, a provider of oil and gas products and services, has acquired the majority stake in South African Marine Fuels (SAMF), a bunkering company in Algoa Bay, Eastern cape, South Africa.Founded in 2016, SAMF is a woman-run enterprise with 100% South African staff operating at the only port in South Africa that has licensed offshore bunkering and ship service operations targeting both port calling ships and general passing traffic in this strategic location on the busy East-West routes."Thanks to its integration into Oryx Energies…

18 Apr 2019

Keppel Bags $118mln Upgrading Contracts

Image: Keppel Offshore & Marine

Singapore's Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly-owned subsidiaries, Keppel Shipyard Ltd (Keppel Shipyard) and Keppel FELS Limited (Keppel FELS), secured integration and upgrading contracts worth a combined value of about S$160mln (USD 118mln).Chris Ong, CEO, Keppel O&M, said, "These contracts from repeat customers are testament to Keppel O&M's strong customer service in delivering on time, within budget and safely as well as our extensive track record…

17 Apr 2019

Warren as Prez Would Ban New Offshore Drilling

Source: www.warren.senate.gov

U.S. presidential candidate Elizabeth Warren said she would ban all fossil fuel extraction on federal land and in coastal waters, setting herself apart from a crowded field of Democratic hopefuls who have made climate change a central campaign issue but have yet to outline specific policies. Warren said in a post on Medium that she would sign an executive order on her first day in office for a "total moratorium on all new fossil fuel leases including for drilling offshore and on public lands." "We must not allow corporations to pillage our public lands and leave taxpayers to clean up the mess…

16 Apr 2019

Interview: Astrid Skarheim Onsum, SVP, Head of Wind, Aker Solutions

Offshore renewable energy is gaining investment support in the United States, particularly on the east coast. While the U.S. is a full generation behind its European counterparts in tapping the wind as an energy source, if current plans come to fruition it could gain ground quickly. Recently we spoke with Astrid Skarheim Onsum, SVP, Head of Wind Aker Solutions, for her view on the path ahead and the growing role and promising future of ‘floating wind.’Please give an overview of your responsibilities as SVP…

15 Apr 2019

BP, Nouryon, Rotterdam Port Join for CO2 Cut

Pic: Port of Rotterdam

British multinational oil and gas company BP, Nouryon (formerly AkzoNobel Specialty Chemicals), and the Port of Rotterdam have joined forces to explore the opportunity of making “green hydrogen” via water electrolysis for BP’s refinery in Rotterdam, the Netherlands, which has the potential for significant reductions in CO2 emissions.The refinery currently uses hydrogen made from hydrocarbons, to desulphurize products. Replacing this entirely with green hydrogen produced from water using renewable energy could potentially result in a reduction of 350…

15 Apr 2019

Rever Offshore Appoints Ops Director

Image: Rever Offshore

The subsea services provider to the oil and gas industry Rever Offshore, has announced the appointment of Bob Bryce to the newly-created role of Operations Director.The provider of fully integrated subsea construction and offshore management services said in a press release that  Bryce’s 40-year career in the oil and gas industry has seen him hold senior leadership positions on a global basis with key subsea-surf contractors, including McDermott, Subsea7 and Technip.He joins Rever’s executive team with a remit to oversee the operations, assets & services and QHSE functions.

12 Apr 2019

Chevron Buys Anadarko for $50Bln

Pic: Chevron Corporation

Chevron, the second-largest US oil and gas company, has agreed a $50bn deal to buy Anadarko Petroleum (APC)  in a massive deal that will bolster its natural gas and shale operations.The cash and stock deal announced Friday values Anadarko at $65 per share, 39% higher than the oil company's closing stock price on Thursday. Based on Chevron’s closing price on April 11, 2019 and under the terms of the agreement, Anadarko shareholders will receive 0.3869 shares of Chevron and $16.25 in cash for each Anadarko share.

11 Apr 2019

Petronas Expands LNG Supply

Image: Petronas

Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) said that it is well-positioned to meet rising LNG demand and expands its flexible and innovative LNG solutions for existing and new markets."With its growing portfolio of LNG supply sources in Malaysia, Australia, Egypt and soon in Canada, Petronas is well-positioned to provide clean energy through its flexible and innovative LNG solutions to existing and new demand markets, as well as to emerging trading hubs…

11 Apr 2019

Shipbreaking: 142 Sent to South Asia in Q1

Image: NGO Shipbreaking Platform

142 ships were sold in the first quarter of 2019 to the beaches of South Asia where they were broken under conditions that cause irreversible damage to both human health and the environment.According to a quarterly update from the NGO Shipbreaking Platform, between January and March, three workers have lost their lives and four were severely injured when breaking ships in Bangladesh.On 28 January, according to local sources, Md Motiur Rahman lost his life while working at S. S. Green Ship Breaking yard, located on the beach of Chittagong, Bangladesh.

11 Apr 2019

World First: Keppel Delivers EU Stage-V Dredger

Afonso de Albuquerque, the world’s first EU Stage V dredger, was delivered by Keppel Offshore & Marine (Photo: Keppel Offshore & Marine)

Keppel Singmarine’s Nantong, China, shipyard has delivered the world’s first dredger to meet European Union Stage V emissions requirements for inland waterways vessels.The wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M) said in a press release that has delivered the ultra low emission dredger on time, within budget and with a perfect safety record, strengthening its presence in the non-oil and gas segment.Built for Jan De Nul and named Afonso de Albuquerque…

11 Apr 2019

Gazprom’s Arctic Offshore Platform Hits Milestone

Image: Sovcomflot (SCF Group)

Russian shipping company Sovcomflot (SCF Group) said that the Arctic shuttle tanker Mikhail Ulyanov loaded the milestone 10-millionth tonne of commercial oil produced at Prirazlomnaya offshore platform in the Pechora Sea.The energy shipping companies, specialising in the transportation of crude oil, petroleum products, and liquefied gas, as well as the servicing of offshore oil and gas exploration and production said that this cargo of oil has become the 150th shipped from the platform since the transportation began in April 2014.Symbolically…

10 Apr 2019

Singapore Remains Top Maritime Capital

Pic:  DNV GL

Singapore has been ranked the world's top maritime capital for the fourth consecutive time in the Leading Maritime Capitals of the World (LMC) report. The Leading Maritime Capitals report for 2019 is with fresh insight on which maritime metropolises provide the best support for companies in shipping and related services.Criteria include soft and hard infrastructure and access to world-class talent and services – all key components that maritime businesses need to thrive in their chosen locations.Singapore maintained its top position at the head of the 15 leading maritime capitals.

09 Apr 2019

Oil & Gas Discoveries on the Rise in 2029

Graph: Rystad Energy

Oil and gas exploration is off to a flying start in 2019, with majors taking a bigger bite of the conventional resources discovered in the first quarter, according to Rystad Energy.Global discoveries of conventional resources in the first quarter reached a robust 3.2 billion barrels of oil equivalent (boe). Most of the gains were recorded in February, posting 2.2 billion barrels of discovered resources – the best monthly tally on record since August 2015.“If the rest of 2019 continues at a similar pace…

08 Apr 2019

IEC Telecom Launches Orion Edge+

IEC Telecom ThurayaOrion Edge+  (Photo: IEC Telecom)

IEC Telecom will launch its Orion Edge+ satellite voice and data communication solution during this week’s Sea Asia (April 9 to 11).Orion Edge+ provides high quality, reliable broadband with the ultimate cost effective operational benefits. It also provides flexible data plans with no long-term commitment. This flexibility makes Orion Edge+ ideal for busy offshore support vessels, tugs, and oil and gas contractors.Powered by Thuraya’s Orion IP broadband and Thuraya’s Seastar circuit switched voice terminal…

08 Apr 2019

Crew Vessel Contracted to Shell

(Photo: Damen)

UK-based crew transfer specialist High Speed Transfers (HST) announced that its second new high-speed crew transfer vessel HST Sofia will be contracted by Shell to support its exploration program in the Black Sea commencing March 2019.The FCS 2710 vessel, built by Dutch shipbuilder Damen, will be trialed by HST to undertake oil and gas crew transfers to support the Noble Globetrotter II drill ship. The vessel will shortly begin an exploration drilling program in the Khan Kubrat block…

07 Apr 2019

OGA Releases Mid North Sea High Map

Pic: Oil and Gas Authority

The Oil and Gas Authority (OGA) of UK has released regional maps and supporting data for the Mid North Sea High area.The data represent the latest delivery from the OGA’s Regional Geological Mapping project which has been carried out in collaboration with Lloyd’s Register (LR) over the last three years.The OGA named LR in 2016 as its trusted supplier for the Regional Exploration Maps and Regional and Field Support Engineering Services bids for the UKCS. "At LR, we understand that every reservoir is different and that each has its own unique challenges and potential…

05 Apr 2019

Jan De Nul Orders Jack-up Installation Vessel

(Image: Jan De Nul)

Luxembourg based Jan De Nul Group (JDN) announced Friday it has ordered its third offshore jack-up installation vessel, due for delivery from Chinese shipyard COSCO Shipping Heavy Industry in 2022.The new vessel, Voltaire, is designed to transport, lift and install offshore wind turbines, transition pieces and foundations, and will have better operational limits compared to existing jack-up installation vessels, JDN said.For many current installation vessels involved in the construction of offshore wind farms…

03 Apr 2019

FuelTrax 'Vision' for SPO

Swire has installed FuelTrax Vision, a new onboard surveillance system.Swire Pacific Offshore, a marine services conglomerate and a leading service provider to the offshore oil and gas industry currently operates six vessels with FuelTrax on board, two of which have been installed with the latest FuelTrax Vision technology. The two FuelTrax Vision systems have been preforming without disruption since December 2018.FuelTrax is designed to be a smart, self-contained, marine fuel management solution, which protects assets and ensures security of fuel, compliance and optimized vessel performance.With the launch of its FuelTrax Vision system…

01 Apr 2019

Total Buys 25% Stake in Ecoslops

Pic:Ecoslops

French multinational integrated oil and gas company Total S.A. has signed an agreement with Ecoslops S.A. that gives the oil major a 25% interest in its affiliate Ecoslops Provence.Ecoslops Provence is building a unit to regenerate oil residues at Total’s La Mède complex. The new facility is scheduled to come on stream in late 2019.Total is providing Ecoslops Provence with access to existing infrastructure and the services and utilities the unit needs to operate.“Thanks to our partnership with Total…

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