Oil And Gas News

17 Jul 2019

Vinci Bags $306mln LNG-Tank Contract in Canada

Pic: Vinci Construction

European contractor Vinci Construction has been awarded  contract to build a 225,000 m3 liquefied natural gas (LNG) tank in Canada.The Joint Venture composed of Entrepose Contracting and Vinci Construction Grands Projets, said in a release that the contract, which covers the engineering, procurement and construction (EPC) of the tank, is worth CAD $400 million (about US$306 million).ā€œThe strong co-operation between Entrepose Contracting and Vinci Construction Grands Projets has a unique track record of construction in harsh climates.

17 Jul 2019

CITB Expands North Slope Operations

image credit: CITB

Cook Inlet Tug & Barge (CITB), an independently managed subsidiary of Foss Maritime Company, has announced that operations on Alaskaā€™s North Slope are officially underway for the 2019 ice-free season. Three newly acquired tugs, along with barges and shore equipment, will be operating out of Prudhoe Bay for approximately the next three months.ā€œIt is great to see these vessels on the water and ready to work,ā€ said Jeff Johnson, President of CITB. ā€œThese shallow-draft tugs and bargesā€¦

16 Jul 2019

Africa to Complete 6 High Impact Wells

Map: Rystad Energy

As many as six high impact wells are yet to be completed this year around Africa, after several consecutive low-activity years with only a few positive results.According to the energy research and business intelligence company Rystad Energy, these wells all target offshore acreages, with the majority planned in the Western African region.ā€œAfrica appears to be emerging from a long hibernation in terms of oil and gas exploration activities,ā€ said Rystad Energy Upstream Research analyst Taiyab Zain Shariff.A steep drop in the number of exploration wells in 2015 fueled by budget cutsā€¦

16 Jul 2019

Boskalis Raises Carnival Vista

Positioning of Carnival Vista above deck of BOKA Vanguard. Photo: Royal Boskalis Westminster N.V.

The Boskalis semi-submersible heavy lift ship BOKA Vanguard successfully floated the cruise ship Carnival Vista aboard in order to facilitate repairs at a shipyard in the Bahamas.Royal Boskalis Westminster said in a press release that commencing last Saturday 13 July at sunrise the BOKA Vanguard loaded and lifted cruise ship Carnival Vista in a successful operation a few miles off the coast of Freeport, Bahamas.The loading operation including the re-float took twelve hours. Theā€¦

15 Jul 2019

OP/ED: Stronger Together

Image CREDIT: AdobeStock / Ā©_Ian Dyball

In 1941, geologist Orval Lester Brace stated ā€œit may be tentatively assumed that the Gulf of Mexico is a potential source of salt-dome oil. Whether or not it will be economically feasible to explore these waters for the domes that must exist is a question for the future to answer.ā€  The future hypothesized by Mr. Brace was not nearly as far off as it seemed. Less than six years after his proclamation, Kerr-McGee Oil Industries, along with Phillips Petroleum, Stanolind Oil and Gas Coā€¦

15 Jul 2019

SPARK Joins OSC for $450mln Biz Incubator

Photo: Saudi Arabian Oil Co.

Saudi Aramco's King Salman Energy Park (SPARK) and Dubai-based Oilfields Supply Center Ltd. (OSC) signed an agreement to establish OSC as an anchor tenant at SPARK.OSC will develop a business incubator called the Common User Supply Base (CUSB) in collaboration with Saudi Aramco, to support the oil and gas industry in the Kingdom and the region, as well as help accelerate the growth of small and medium-sized enterprises (SMEs) in the energy sector.OSC plans to invest around USD 450 million over the next two yearsā€¦

10 Jul 2019

Sovcomflot New LNG Tanker Cuts 30% CO2

Gagarin-Prospect-Sovcomflot-Green-Funnel-Tanker. Photo distributed by  Nor Shipping 2021

Russian shipping company PAO Sovcomflot (SCF Group) has achieved significant CO2 emission cuts since taking delivery of the first of its ā€œGreen Funnelā€ LNG-fueled Aframax crude oil tankers last year.PAO Sovcomflot (SCF Group) has accumulated data showing that using LNG as a primary fuel for these large-capacity tankers enabled a 30 per cent reduction of CO2 emissions compared with similar vessels powered by traditional heavy fuel. This reduction exceeds the original design target values.Igor Tonkovidovā€¦

10 Jul 2019

Trelleborg Wins Elastopipe Contract

Image: Trelleborg

Swedish global engineering group Trelleborg's  offshore operation has been awarded a major multi-million USD contract by Mexican state-owned petroleum company, Pemex, for Elastopipe.Elastopipe, a patented flexible piping system developed for transporting a variety of fluids, will be installed on board the Abkatun A complex in the Bay of Campeche in the Gulf of Mexico.Morten Kristensen, Business Group Director at Trelleborgā€™s offshore facility in Norway, said: ā€œThis is our first contract made directly with Pemex and the largest contract in our history for Trelleborgā€™s Elastopipe system.

10 Jul 2019

Total, IFPEN Join Forces to Cut Carbon

Photo: Total

The French Institute of Petroleum IFP Energies Nouvelles (IFPEN) and compatriot multinational integrated oil and gas company Total announced that they signed a strategic R&D partnership yesterday, that includes an agreement to endow a chair at the IFP School, on carbon capture, utilization and storage (CCUS) and technologies to curb CO2 emissions.According to a press note from the energy giant, the roughly EUR40 million partnership covers a period of five years.CCUS aims to reduce the cost of infrastructure and improve the CCUS chainā€™s energy efficiency to secure its large-scale deployment.

16 Jul 2019

Atlantic Offshore Wind: Favorable Winds for Maritime

Ā© 3plusx/Adobe Stock

Now that the United States finally can envision steady winds blowing from the Atlantic Seaboard due to a pipeline of offshore wind farms on the horizon, the maritime industry can finally step up and earn some of the benefits. This includes shipbuilding, port construction, and worker training. This article reviews the key developments and forecasts the growth in maritime jobs.The federal and state governments share responsibility for developing offshore wind farms and bringing the wind into the power grid andā€¦

05 Jul 2019

Woodfibre LNG Gets BC OGC Permit

Map: BC Oil & Gas Commission

Woodfibre LNG, a liquefied natural gas (LNG) export facility planned for Howe Sound on the southern B.C. coast,  has received its facility permit from the British Columbia (BC) Oil and Gas Commission (OGC).ā€œFollowing a rigorous process, Woodfibre LNG has received our Facility Permit issued from the BC OGC, one of the key permits required for construction and operation of the project. This is a positive step forward as we work to build the cleanest LNG export facility in the worldā€¦

04 Jul 2019

Contship Appoints Alfredo Scalisi

Antonio Scalisi, new LSCT General Manager. Photo: Contship Italia

Italian container terminal, intermodal & logistics operator Contship Italia Group has appointed Alfredo Scalisi as the new General Manager of its flagship container terminal at La Spezia. His appointment was effective on July 1, 2019.Scalisi will report directly to Group President Mrs. Cecilia Battistello, who is currently covering an interim corporate role as managing director of Operations and Sales of Contship Italia Group.Scalisi previously held the role of Deputy Generalā€¦

03 Jul 2019

NJ Congressman Battles Offshore Drilling

Photo: House.gov

Frank Joseph Pallone Jr., the U.S. Representative for New Jersey's 6th congressional district, says that the battle against the Trump Administrationā€™s push for seismic blasting and drilling for oil and gas in the Atlantic Ocean has made progress.In 2017, President Trump signed an executive order that supports offshore oil and gas drilling along the East Coast. On June 25, Pallone secured House passage of an amendment that prohibits federal spending to advance oil and gas leasing in the Atlantic Ocean."Itā€™s now time for the Senate to take up the underlying legislationā€¦

01 Jul 2019

China's Largest Shipbuilders Plan to Merge

Ā© Roland Bentin / Adobe Stock

China's two largest shipbuilders are planning to merge, their listed arms said in separate exchange filings on Monday, the latest to join a wave of mergers among state-owned enterprises as the government overhauls the sector.The move by China Shipbuilding Industry Corp (CSIC) and China State Shipbuilding Corp Ltd (CSSC), is subject to approvals from related authorities and there are still many details to be ironed out before the proposal can be finalized, the filings showed.A slew of units belonging to the two companiesā€¦

01 Jul 2019

Africa Dominates LNG Investments

Graph: Rystad Energy

With LNG greenfield investments expected to reach near $103 billion this year, 2019 is set to shatter previous records for the oil and gas industry, said a report by Rystad Energy.And Africa Africa is taking the lead in the next phase of global LNG mega-projects, it said.Mozambiqueā€™s Area 1 and Area 4 projects, the latter of which is expected to secure a final investment decision (FID) from operator ExxonMobil by the end of the year, are making Africa the dominant LNG investment destination this yearā€¦

01 Jul 2019

EMGS Wins BP Survey Off Senegal

Image: EMGS

Norwegian geophysical services company Electromagnetic Geoservices ASA (EMGS) has been awarded a contract by UK oil and gas major BP for work off the coast of Senegal and Mauritania.EMGS said in a in Oslo Exchange filing that the contract is worth around $6 million. The survey work is expected to start in the first quarter of 2020.CEO of EMGS, Bjørn Petter Lindhom, said, ā€œEMGS is delighted to return to Africa and for the opportunity to work for BP and partners on their high-profileā€¦

30 Jun 2019

DP World Set to Acquire Topaz Energy

Photo: DP World

The worldā€™s largest port operator DP World is in advanced discussions to acquire Topaz Energy & Marine, marking the Dubai-based company's first potential foray into the oil and gas industry.Britainā€™s Sky News, citing sources, earlier reported that a $1.3 billion deal for DP World to take over Topaz could be announced as early as Monday. The report didn't specify whether the valuation was referring to the equity or enterprise value of the transaction.However, Bloomberg reported that the port operator is in ā€œvery advancedā€ discussions to acquire Topaz Energy.

26 Jun 2019

Cimco Marine Names Losch as Sales Director

Ralf Losch (Photo: Cimco Marine AB)

Ralf Losch has been appointed Sales Director for Cimco Marine AB's (publ).Ralf Losch started his position on June 24, 2019. He brings more than 20 years of technical sales experience and has an extraordinary track-record of extracting value from markets through organizing sales of diesel engines into markets including commercial marine, oil and gas, naval/governmental, workboat etc.Losch has a broad experience from exploring new markets for existing products and launching new products to existing markets with great success.

26 Jun 2019

Dolphin Drilling Declares Bankruptcy

(Photo: Dolphin Drilling)

Norwegian oil and gas rig operator Dolphin Drilling filed for bankruptcy on Wednesday, leading creditors to seize its key assets in a restructuring that will see the company maintain operations.Formerly known as Fred. Olsen Energy, Dolphin Drilling ASA had debt of just over $1 billion at the end of 2018 and a net loss for the year of almost $300 million, its annual report shows.Once a dominant supplier of drilling rigs to oil and gas firms exploring the North Sea, Dolphin wasā€¦

26 Jun 2019

IPC Begins Drilling Program in Malaysia

(Photo: IPC)

The oil and gas exploration and production company International Petroleum Corporation (IPC) has commenced drilling the first well in a planned multi-well drilling program on Block PM307, located offshore Peninsular Malaysia.Canada-based IPC is the operator of Block PM307 and holds a 75% working interest, with Petronas Carigali Sdn Bhd holding the remaining 25% working interest.The PM307 drilling program is planned to consist of two infill landing pilot wells in the south-eastern and north-eastern areas of the Bertam fieldā€¦

25 Jun 2019

DeVilbiss Joins Glosten

David DeVilbiss (Photo: Glosten)

Glosten announced the hiring of David DeVilbiss, who will join Glostenā€™s Marine Construction group as a Senior Marine Consultant.Formerly Vice President of Marine Casualty & Emergency Response at Global Diving & Salvage, Inc., DeVilbiss oversaw all marine casualty and emergency response operations throughout all operating regions. He brings over 25 years of marine industry experience ranging from vessels, marine infrastructure, and the oil and gas industry.DeVilbiss attended Le Tourneau University (Mechanical Engineering)ā€¦

24 Jun 2019

Damen Building an FCS 7011 in Antalya

Photo: Damen Shipyards

Two and a half years on from the genesis of the FCS 7011 concept in response to extensive feedback from the offshore energy sector, the build of the first of this design has begun at Damen Shipyards Antalya, Turkey. The milestone was marked by a traditional keel-laying ceremony held at the yard.At 70 meters in length, the newbuild will be the largest monohull vessel to be built in aluminium by Damen. It is scheduled for launch in August 2020, and the builder said a prospective client can realistically look forward to delivery by the end of that year.According to Damenā€¦

24 Jun 2019

TechnipFMC Wins ConocoPhillips Award

Image: TechnipFMC

American multinational energy corporation ConocoPhillips has rewarded services firm TechnipFMC with a Global Supplier Recognition Award.According to a press release from the UK-based oil and gas services provider, the international awards go to businesses that have made an impact on ConocoPhillipsā€™ business and shown ā€˜exceptional leadership and commitment to their SPIRIT valuesā€™.TechnipFMC was recognized in the ā€˜Focus on Doing Business Betterā€™ category for its collaborative workā€¦

Maritime Reporter Magazine Cover Jul 2019 - Cruise Vessel Design & Outfit

Maritime Reporter and Engineering Newsā€™ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the worldā€™s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News