Oil And Gas News

31 Mar 2020

Abu Dhabi's Gulf Marine Services Reaches Debt Restructuring Deal

A GMS self-elevating rig - Image credit: GMS

Abu Dhabi-based Gulf Marine Services (GMS) said on Tuesday it had reached an agreement with its syndicate of banks to restructure its debt that will help it weather the coronavirus crisis.London-listed GMS provides support vessels for offshore oil and gas and other energy installations. It has been hurt by a downturn in the oil and gas services industry triggered by a prolonged slide in oil prices that has turned into a deep slump since the coronavirus crisis destroyed demand…

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…

30 Mar 2020

Improving Oily Water Separators

© J G Ray / Adobe Stock

Oily water separators (OWS) have been a common fixture of a ship’s machinery space for many decades. With the amount of experience, research and legislation that has gone into them, it would be easy to think that their use would almost be hassle free. However, going by the amount of OWS violations still being recorded by the International Maritime Organization (IMO) it is evident that many seafarers are still encountering problems while operating them. As concerns about environmental pollution grow, it is likely that the rules governing OWS use will only become stricter.

30 Mar 2020

What Will COVID-19 Mean for US Offshore Wind?

© Bragapictures / Adobe Stock

What will COVID-19 mean for the offshore wind industry? An industry not yet spinning on its own.Epitomized by the roller coaster ride that defined the stock market over the last few weeks, unpredictability has emerged as one of the few certainties of the coronavirus disease 2019 (COVID-19) crisis. Every industry has seen the effects of the pandemic, from hospitality, to travel, and even to the renewable energy sector. Indeed, even though the US offshore wind industry is not yet fully established…

30 Mar 2020

Nigeria Announces Offshore Oil Worker Restrictions to Battle Coronavirus

© Jan/AdobeStock

Nigeria's petroleum regulator has ordered oil and gas companies to reduce their offshore workforce and move to 28-day staff rotations as part of measures to curb the spread of the coronavirus, according to a circular seen by Reuters.Health experts fear a widespread outbreak in Africa's most populous country, which has about 200 million inhabitants, and the country is keen to protect oil production, which provides 90% of much-needed foreign exchange.A coronavirus case on an offshore rig could spread quickly among workers and have a potentially devastating impact on production.Sarki Auwalu…

27 Mar 2020

Nigeria Imposes Cargo Vessel Restrictions to Curb Coronavirus Spread

© PerErik  / Adobe Stock

Nigeria will only allow cargo vessels that have been at sea for more than two weeks to dock in its ports to prevent the spread of coronavirus, President Muhammadu Buhari said on Thursday.Health experts fear a widespread outbreak in Africa's most populous country of 200 million people which could overwhelm its creaking healthcare system.Nigeria has closed its land borders and international airports in the last week to curb the spread of the virus.Buhari said on Twitter he had issued a directive that "only cargo vessels that have been at sea for more than 14 days be allowed to dock in our ports…

25 Mar 2020

Indian LNG Importers Issue Force Majeure Notices

An LNG Tanker - Image by donvictori0 - AdobeStock

Indian liquefied natural gas (LNG) importers have started to issue force majeure notices as domestic gas demand slumps and as port operations in the country get hit by a lockdown to curb the spread of coronavirus, sources told Reuters."Demand has reduced drastically and it is likely to go down further, a company source with Gail (India) said."Only fertilizer, power and refineries are running at parcel loads.

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

Valaris Gears up for Possible Debt Restructuring

© Lorraine / Adobe Stock

Offshore oil driller Valaris PLC is exploring debt restructuring options as it grapples with a rig accident and a broader collapse in energy prices, people familiar with the matter said on Friday.Valaris has tapped debt restructuring attorneys at law firm Kirkland & Ellis LLP for advice on ways to rework its roughly $6.5 billion debt pile, and is exploring enlisting a turnaround firm that specializes in urgently addressing stressed finances to bolster its roster of advisers, the…

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…

18 Mar 2020

Opinion: Maritime Freedom & the Global Commons

Freedom of Navigation: The guided-missile destroyer USS Lassen (DDG 82) escorts the merchant vessel Tomahawk through the Strait of Hormuz.
(U.S. Navy photo by Mass Communication Specialist 2nd Class Michael H. Lehman/Released)

‚ÄúFreedom‚ÄĚ ‚Äď the absence of subjection to foreign domination or despotic governmentIt has been decades since international relations in the world order dictated true competition for sea control, sea lines of communication, access to world markets, and diplomatic partnerships. However, it is becoming increasingly alarming that nations such as Iran, China and Russia seek to accumulate/consolidate power and re-define international maritime norms, potentially at the peril of diplomatic‚Ķ

12 Mar 2020

UK Limits Travel to Offshore Platforms

(Photo: BP)

Britain's oil and gas sector association OGUK on Thursday banned people from traveling to offshore installations such as platforms if they have traveled to certain countries affected by the coronavirus in the previous 14 days.The ban comes after Equinor reported the oil industry's first coronavirus infection on an offshore installation on Wednesday, highlighting the challenge in preventing contamination for thousands of workers living in the close quarters on rigs and platforms."Industry…

12 Mar 2020

CITB Adds Shallow-draft Tug in Alaska

(Image: CITB)

Cook Inlet Tug and Barge (CITB) is adding a versatile shallow draft tugboat, the Bristol Wind, to its fleet in mid-April. The uniquely designed tug will join her sister vessel, the Capt. Frank Moody, in support of the construction, and oil and gas industries' remote cargo transportation needs along the Arctic coastline."Drawing just 3.2 feet, the Bristol Wind is uniquely designed to operate efficiently as a coastal tug. She has the unique ability to lighten the draft when water…

12 Mar 2020

Offshore Oil Rig Infection Exposes Coronavirus Dangers

Martin Linge platform: Image by Jan Arne Wold / Woldcam - Copyright: Equinor

Equinor reported the oil industry's first coronavirus infection on an offshore installation on Wednesday, highlighting the challenge in preventing contamination for thousands of workers living in the close quarters on rigs and platforms.A worker was in isolation on the Norwegian energy firm's Martin Linge oil and gas platform off Norway where production is due to start at the end of this year, the company said. It said it would cut activity at the field, but personnel would remain at installations‚Ķ

09 Mar 2020

Mesaieed Shipyard Adds Floating Dry Dock

(Photo: Milaha)

Qatari maritime transport and logistics conglomerate Milaha said it has acquired a new floating dry dock as part of ongoing upgrade and modernization work underway at its shipyard facilities.The dock is set to arrive at the group’s Mesaieed Shipyard in the coming months and will be fully operational in the second half of this year to support local government and commercial clients in the maritime and oil and gas sectors.Milaha president and CEO, Abdulrahman Essa Al-Mannai said the dock will be able to accommodate vessels up to 230 meters in length and up to 30,000 metric tons lifting capacity.

05 Mar 2020

No Felony Charges for Protesters Who Shut Houston Ship Channel

(Photo: Greenpeace)

A Texas grand jury on Wednesday declined to issue felony indictments against a group of Greenpeace USA activists who closed a key oil export waterway for 18 hours last year by tying themselves to a Houston bridge and dangling over the water.Felony charges had been brought against 31 activists involved in the September 2019 protest. The indictments, sought by the Harris County District Attorney's Office, were under Texas' new critical infrastructure law, which makes it a felony to interfere with oil and gas pipelines and ports…

04 Mar 2020

Nel, Kvaerner Pact on Green Hydrogen

Image: Nel ASA

Norwegian renewable energy firm Nel ASA has entered into a strategic agreement with the compatriot  engineering and construction services company Kværner to collaborate on green hydrogen projects and the standardization of solutions for large scale hydrogen production plants.In the agreement, the companies have identified a range of projects on which to collaborate on moving forward. Work has already been initiated in order to jointly develop a standardized 20 megawatt H2 production module‚Ķ

02 Mar 2020

Nexans to Supply Cables for Marjan Field

Image: Nexans

The global player in the cable and optical fiber industry Nexans S.A. was awarded a significant Purchase Order to supply 180 km of 230 kV cables for the offshore Marjan increment development mega-project on the eastern coast of the Arabian Gulf.Discovered in 1967, the Marjan field is one of the oldest and biggest offshore oil and gas fields in the Arabian Gulf. It is currently undergoing expansion under the Marjan Increment Program announced in 2017.The French expert in cables…

02 Mar 2020

Tanker Owner to Stop Shipping Rosneft's Venezuelan Oil

© alexlmx / Adobe Stock

Mercantile & Maritime said on Monday it would terminate its shipments of Venezuelan oil for Rosneft after the United States imposed sanctions on the Russian oil firm's Swiss trading unit.Washington imposed sanctions in February on Rosneft's Geneva-based unit Rosneft Trading (RTSA), accusing it of providing a financial lifeline to Venezuelan President Nicolas Maduro's government.Last month when the sanctions were announced, the company issued a statement calling the actions  against Rosneft‚Äôs subsidiary RTSA and its Chairman "illegal‚Ķ

27 Feb 2020

Tubes and Piping Most Prone to Failure -Report

© Vlad Warsaw / Adobe Stock

When it comes to components failures in the maritime and oil and gas industries, tubes and piping are the top offenders, new research published by classification society DNV GL reveals.After reviewing more than 1,000 failure cases accross its network of five specialist laboratories in the U.S., Europe and Asia, DNV GL identified that, of the components examined, more than a quarter (27%) of failures occur in tubes and piping, and a fifth (20%) in rotating machinery. Fasteners…

25 Feb 2020

Kinemagic's Stratus Speeds Up Digital Twin Creation

With Stratus, the XR platform from Kinemagic, metadata is imported from CAD designs into the virtual environment for quick reference and a deeper understanding of the design. - Credit:Kinemagic

Tech company Kinemagic, focused on developing augmented reality solutions for heavy industrial companies, has recently launched Stratus, a 3D VR/XR software solution that the company promises will shake up the digital twin industry. Stratus is an automated software program designed to save users‚Äô time and money by identifying more design flaws before construction begins.According to Kinemagic, Stratus reveals the future of industrial design through VR ‚Äėwalkthroughs‚Äô from the command center of the operator‚Äôs desk.

25 Feb 2020

Marine Jet Power Adds NZ Agent

Brent Paulsen, Director, Firstbreak (Photo: MJP)

Waterjet propulsion systems manufacturer Marine Jet Power (MJP) said it has appointed Firstbreak Ltd as an official sales and service agent, based in Christchurch, New Zealand.Under the terms of the new agreement, Firstbreak Ltd will offer MJP customers in-region support, including parts fulfilment and local service for builders and operators in New Zealand and other parts of Southeast Asia.With a long history in the marine, oil and gas industries Firstbreak Ltd, led by Brent Paulsen…

25 Feb 2020

Global Offshore Charters Normand Clipper

(Photo: Global Offshore)

Global Offshore, a provider of cable installation, repair and trenching services to the offshore renewables, utilities and oil and gas markets and part of the Global Marine Group, is adding offshore installation and construction vessel Normand Clipper to its fleet. The vessel, on long-term charter from Solstad Offshore, will be operational within the first quarter of this year.The charter gives Global Offshore options for up to eight years.The Normand Clipper is currently being fitted with a 4…

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