Oil And Gas Activity News

Panama City Fla. based Eastern Shipbuilding Group announced it has been awarded a contract to complete construction of two ultra high-spec 400 class multipurpose support vessels (MPSVs) for Hornbeck Offshore Services (HOS).The newbuilds were originally started by Gulf Island Shipyards in Houma, La. before Hornbeck terminated the contracts in 2018 over what it described as "performance issues". Gulf Island then sued Hornbeck, claiming the two shipyard construction contracts were wrongfully terminated.

A new labor forecasting tool (LFT) is predicting around 16,000 additional workers could be needed in the UK’s offshore wind industry by 2030, and 12,000 extra workers will be needed specifically for carbon capture and hydrogen projects by 2027. It also highlights a significant increase in demand for workers in the West of Shetland oil and gas basin.The new resource, the first of its kind to focus on the engineering construction industry (ECI), provides insights into workforce numbers across regions and sectors…

U.S. Deputy Interior Secretary Tommy Beaudreau is stepping down from his role at the end of October, the Interior Department said in a statement on Wednesday, without giving a reason for his departure or saying how the vacancy would be filled.The Washington Post reported earlier Beaudreau was leaving after two years in the number two spot and a total of 10 years at the agency to spend more time with family.Earlier this year, Beaudreau signed the final approval for a scaled-back version of ConocoPhillips' (COP.N) $7 billion Willow project to drill for oil and gas in Alaska…

An offshore wind industry is growing in the U.S. with an aim to meet the Biden Administration’s goal of 30 gigawatts (GW) of offshore wind by 2030, and eventually 110 GW by 2050.But as is the case for any new industry that is building up, there are going to be bumps along the way. The U.S. offshore wind industry is currently grappling with rising costs amid unprecedented supply chain issues and inflation, among other issues.One of the main challenges unique to offshore wind is a shortage of vessels.

National Ocean Industries Association (NOIA) President Erik Milito has said that the Bureau of Ocean Energy Management (BOEM) issue of a Notice to Lessees (NTL) with recommended restrictions on ongoing industry activities within the expanded Rice's Whale habitat area imposes “unwarranted restrictions on U.S. energy production at a time of continued inflation with prices rising at the pump for consumers.”With likely fewer than 100 individuals remaining, Rice's whales are one of the most endangered whales in the world.

$3 billion forecast to be invested in new anchor handlers to meet floating wind demand.Floating wind is an emerging technology. Currently being tested in small scale demonstration and pilot projects, global floating wind commissioned capacity at the end of 2022 was less than 200 MW. By 2030, close to 11 GW of commercial scale wind farms are planned to be commissioned in Europe and the Asia Pacific Region. 2030-2035 will see a period a high commissioning activity as the USA joins established European and Asia Pacific markets.

Floating wind is an emerging technology. Currently being tested in small scale demonstration and pilot projects, global floating wind commissioned capacity at the end of 2022 was less than 200 megawatts (MW). By 2030, close to 11 gigawatts (GW) of commercial scale wind farms are planned to be commissioned in Europe and the Asia Pacific Region. Then, 2030-2035 will see a period a high commissioning activity as the U.S. joins established European and Asia Pacific markets. Floating installed capacity is forecast to reach 63 GW by 2035.

The White House on Wednesday nominated attorney Tommy Beaudreau, who oversaw energy development programs at the Interior department during the Obama administration, as the agency’s second in command.Beaudreau will return as deputy to Secretary Deb Haaland after serving nearly seven years there under former President Barack Obama, becoming the first person to lead the Bureau of Ocean Energy Management, which oversees offshore oil and gas activity.He later served as chief of staff…

Energy companies, ports and refiners raced on Monday to shut down as Hurricane Sally grew stronger while lumbering toward the central U.S. Gulf Coast, the second significant hurricane to shutter oil and gas activity over the last month.The hurricane is disrupting oil imports and exports as the nation's sole offshore terminal, the Louisiana Offshore Oil Port (LOOP), stopped loading tanker ships on Sunday, while the port of New Orleans closed on Monday.The U.S. government said 21%…

America's largest tank barge operator Kirby Corporation on Tuesday announced a net loss of $248.5 million for the first quarter, down from $44.3 million earnings for the same period last year. The company also withdrew its full year earnings guidance.The sharp deceline in energy prices and oil and gas activity negatively impacted the revenue and operating income of Kirby's distribution and services segment, leading the Houston-based company to implement workforce reductions, furloughs and reduced work schedules…

TGS and Quantico Energy Solutions announced a technology collaboration to leverage their respective offerings in seismic data, AI-based well logs, and artificial intelligence (AI)-based seismic inversion.TGS is a provider of multi-client geoscience and engineering data for exploration & production (E&P) companies. Quantico is a AI company focused on subsurface solutions for E&P companies.The joint solution addresses the critical challenges in earth modeling workflows; specifically, insufficient seismic and log data, lengthy time until results, and difficulties mapping advanced geomechanical and petrophysical attributes.TGS will leverage its industry leading data library of seismic and well log data in the key regions of oil and gas activity across the world.

Based on the latest forecasts, engery-sector specialists Nautilus Associates claim more than £59 billion ($77 billion) could be invested in new offshore energy and infrastructure projects between now and 2040 in the Lowestoft and Great Yarmouth Enterprise Zones.Johnathan Reynolds, director at Nautilus Associates, said, “We are seeing huge new investments in new offshore wind projects off the East Anglian coast, with an annual operational spend close to £1.3 billion per year by 2025. Offshore oil and gas activity is picking up following the most recent downturn, and decommissioning projects are now being contracted. It is an exciting time to be in the energy supply chain with so many opportunities for growth.”The Lowestoft and Great Yarmouth Enterprise Zones…

A total of 33 floating production, storage and offloading (FPSO) vessels will be sanctioned between now and 2021 as oil and gas activity picks up in the offshore sector.Norwegian oil and gas intelligence firm Rystad Energy reports that 15 of the FPSOs will require production capacity of more than 80,000 barrels per day.Rystad said that the high capacity demand would come mainly from the developments in Guyana and Brazil where operators such as ExxonMobil, Equinor, and Petrobras are stepping up their deepwater production.Five of the 33 expected FPSOs will require a production capacity between 60,000 and 80,000 barrels per day and the remaining 13 will require a production capacity under 60…

Kirby Corporation announced a net loss attributable to Kirby for the fourth quarter ended December 31, 2018 of ($24.4) million, or ($0.41) per share, compared with earnings of $231.3 million, or $3.87 per share, for the 2017 fourth quarter. Excluding certain one-time charges, 2018 fourth quarter net earnings attributable to Kirby were $44.9 million, or $0.75 per share. Consolidated revenues for the 2018 fourth quarter were $721.5 million compared with $708.1 million reported for the 2017 fourth quarter.For the 2018 full year…

A regional conference of countries in west, central and southern Africa has committed to continue to work at both national and regional levels to boost preparedness to deal with oil spill incidents which could be devastating both for the marine environment and financially. The conference (6-9 November) in Abidjan, Côte d'Ivoire, was hosted by CIAPOL, the Ivoirian pollution control centre. It brought together industry and government focal points from 20 out of 22 west, central and southern African countries covered by the Global Initiative for West, Central and Southern Africa (GI-WACAF). This project is run by the International Maritime Organization (IMO)…

Indonesia renamed the northern reaches of its exclusive economic zone in the South China Sea as the North Natuna Sea on Friday, the latest act of resistance by Southeast Asian nations to China's territorial ambitions in the maritime region. Seen by analysts as an assertion of Indonesian sovereignty, part of the renamed sea is claimed by China under its contentious maritime boundary, known as the 'nine-dash line', that encompasses most of the resource-rich sea. Several Southeast Asian states dispute China's territorial claims and are competing with China to exploit the South China Sea's abundant hydrocarbon and fishing resources. China has raised the ante by deploying military assets on artificial islands constructed on shoals and reefs in disputed parts of the sea.

“The Quest Study estimates the potential for jobs, economic activity and government revenue that could be generated from Atlantic development, assuming reasonable government policies supporting energy development are in place. Completed in 2013, the Quest report was never intended, nor could it have been expected, to predict federal policy in 2015. Thus, the SELC report misses the forest for the trees; the fact remains that Atlantic oil and gas activity holds the potential to add tens of thousands of jobs and billions of dollars in revenue and investment to Atlantic states. “No one can predict future government policy, but with the Atlantic lease sale proposed for 2021…

Thegrowth in oil and gas activity in Côte D’Ivoire has seen investment in standardized safety training in the region far outstrip that of other hydrocarbon-rich West African countries, according to international learning technologies company Atlas Knowledge. Uptake of International Minimum Industry Safety Training, the global standard for health and safety training, has rocketed in the country in the last two years and now accounts for almost 15 percent of the worldwide total. On a country-by-country basis, this represents the largest uptake of IMIST across Atlas’ network of international training partners. An OPITO standard, IMIST was…

Western sanctions against Russia may slow down exploration for oil and gas on both the Norwegian and Russian side of the Arctic Barents Sea, lobby group Norwegian Oil & Gas told Reuters on Wednesday. "We have many members working on both sides of the border, where coordination of fields will be a key topic. Collection of seismic and other joint activities may be affected," said the group's head of legal affairs, Oluf Bjoerndal. The association represents oil firms, including most supermajors, as well as some of the world's biggest oil and gas service firms. "We fear that this could become a problem. There's a worry about that. It may mean that some areas aren't explored well enough, that potential discoveries are delayed," he added.

American maritime holding companies Foss Marine Holdings announced that effective immediately it will merge all of its operations and resources under a single name: Foss Maritime Company. Today, Foss Marine Holdings' wholly owned subsidiaries - Foss Maritime, AMNAV, Young Brothers, Hawaiian Tug & Barge and Cook Inlet Tug & Barge - operate what they say is the country's largest coastal tug and barge fleet. Effective immediately, Foss Marine Holdings will merge with Foss Maritime, whose lines of business include two shipyards, harbor services, ocean towing, marine engineering and others.

Drydocks World received H.E. Cheong Ming Foong, the Consul General of Singapore along with Khalil A. Bakar, Center Director Middle East of Singapore Economic Development Board. Khamis Juma Buamim, Chairman and Dr. Markus Voege, VP – Operation and Production of Drydocks World and Maritime World, welcomed H.E. Cheong Ming Foong and Mr. Bakar to the Maritime Business Center at Dubai Maritime City for discussions on economic developments, renewal of agreements of understanding in the marine and maritime specialties…

How much can change in one generation? Let’s take a look at the current generation entering your workforce born between 1980 and 2000; the Millennials. This generation grew up rarely hearing the phrase, “You can’t do that.” They have always known what a computer is, have no concept of the breakthrough of the bag phone and are just now discovering that records (vinyls) have songs on both sides. Easy access to infinite knowledge has always been at their fingertips via the internet. Their world has always held limitless possibilities because of technology.

Infield Systems unveil its 'Offshore LNG Market Report to 2018' at the Gastech Expo in London. The launch of this report at Gastech 2012 coincides with a particularly exciting time for this sector of the offshore oil and gas industry, following Shell's announcement that it has sanctioned the world's first floating LNG project, Prelude. It is widely expected that this will mark the beginning of a more widespread use of this potentially market changing technology. Infield Systems' latest Offshore LNG report analyses the value of the sector and the drivers for floating liquefaction and offshore regasification; as well as providing a regional…