Maersk to Pursue Separate Listing of Maersk Drilling
Danish shipping company A.P. Moller-Maersk has decided to pursue a demerger with its offshore drilling operation Maersk Drilling via a separate listing of Maersk Drilling on Nasdaq Copenhagen in 2019.Maersk Drilling will become a stand-alone company next year as its parent company continues its exit from the oil and gas business.Having evaluated the different options available for Maersk Drilling, A.P. Moller – Maersk has concluded that listing Maersk Drilling as a standalone company presents the most optimal prospects for its shareholders…
UAE Shipyard Begins Operations as Albwardy Damen
Albwardy Marine Engineering and Damen Shipyards Sharjah have officially brought both brands together under one umbrella. Under the new name, Albwardy Damen, the United Arab Emirates-based shipyard will continue to construct newbuild steel and aluminum vessels as well as provide the same ship repair services to its marine and oil and gas customers in the Middle East. Albwardy Marine Engineering was founded in 1978 and has been a joint venture with Damen Shipyards Group since 2008. In 2014 the official opening of Damen Shipyards Sharjah took place.
Dryships to Expand into VLGC sector
DryShips Inc. announced today that, it has agreed to enter into a “zero cost” Option Agreement (“LPG Option Agreement”) with companies controlled by its Chairman and Chief Executive Officer, Mr. George Economou, to purchase up to four high specifications Very Large Gas Carriers (“VLGC(s)”) capable of carrying liquefied petroleum gas (“LPG”) that are currently under construction at Hyundai Heavy Industries (“HHI”) . Each of the four VLGCs are going to be employed on long term charters to major oil companies and oil traders.
DryShips Expands to Gas Carrier Market with Four New VLGCs
DryShips Inc. has agreed to enter into a "zero cost" LPG Option Agreement with companies controlled by its Chairman and Chief Executive Officer, George Economou, to purchase up to four high specifications Very Large Gas Carriers (VLGC) capable of carrying liquefied petroleum gas (LPG) that are currently under construction at Hyundai Heavy Industries (HHI). Each of the four VLGCs are going to be employed on long term charters to major oil companies and oil traders. Under the terms of the LPG Option Agreement…
Cyberhawk Sinks Claws into US O&G Market
Cyberhawk Innovations, the world leader in aerial inspection and survey using Unmanned Aerial Vehicles (UAV), is set to boost its international credentials with the launch of a Houston office in the USA. The new office comes as a result of increasing demand from existing oil and gas customers who recognise the significant cost and time savings on offer from UAV inspection and want to utilise Cyberhawk’s expertise for their USA operations. Cyberhawk has already undertaken oil and gas inspection work in North America…
Standing on Guard(eon): Preventing the ‘Arc Flash’ Casualty
As GE celebrates the grand opening of its Mebane Customer Experience Center and a multimillion dollar manufacturing facility renovation, Maritime Reporter & Engineering News gets an advance look at a new product line that could save marine and oil and gas customers millions of dollars in lost time and equipment damage. GE Industrial Solutions CEO Bob Gilligan told GE employees, distributors, and state and local politicians that ultimately, the firm’s energy management business would more than double to $13 billion annually as GE moves to recapture the lead in that market space.
Damen Offshore Carrier Maersk Connector Launched
Yesterday senior representatives of Maersk Supply Service, DeepOcean UK and the Damen Shipyards Group who gathered at Damen Shipyards Galati, Romania witnessed the launching of subsea support vessel Maersk Connector. The vessel is owned and operated by Maersk Supply Service and is built to contract for a seven year charter agreement with DeepOcean. Maersk Connector is the second of a new generation of cable-laying vessels developed by the Damen Shipyards Group. Equipped with survey and trenching capabilities…
Voith Opens HQ in Houston
Voith Turbo opened a new Houston, Texas headquarters for the Power, Oil & Gas Division for the region Americas. Located in the heart of Houston’s Energy Corridor, the new office furthers Voith Turbo’s commitment to expanding its presence in North America and supporting its oil and gas customers. “Opening a beautiful new location in the heart of Houston’s Energy Corridor shows our commitment to the oil and gas sector,” said Ron Wilson, President Americas of Voith Turbo’s Power, Oil & Gas Division.
Ambrey Risk Acquires Drum Cussac Security Unit
Drum Cussac and Ambrey Risk have agreed the sale and purchase of Drum Cussac’s maritime transits security division. Drum Cussac’s transits security division provides security consultants in all marine environments to protect commercial shipping from seaborne piracy threats, predominantly in the Lloyds of London High Risk Area (HRA) of the Indian Ocean. Drum Cussac has provided this service to a large number of clients since 2008. Ambrey Risk will integrate Drum Cussac’s maritime transits operations staff and equipment into its existing business.
CEVA launches City of Energy in Middle East
CEVA Logistics, one of the world’s leading global supply chain management companies, today announced the official opening of the City of Energy in the United Arab Emirates. The hub, which covers an area of 27,000 sqm of warehouse space and 10,000 sqm of yard space, is strategically located in Jebel Ali Free Zone in Dubai and is fully dedicated to the warehousing and handling of oil and gas products for the Energy sector. The cutting-edge logistics platform is unique in the Middle East, being the first logistics company with a facility dedicated solely to the oil and gas market.
GAC Awarded Customs Broker's License
GAC, a global provider of integrated shipping, logistics and marine services, said it continues to strengthen its presence and services in the U.S. by obtaining a Customs Broker's License with a National Permit 13-047. This follows the Group’s recent C-TPAT certification, granted only to companies that meet the strict criteria set by U.S. Customs & Border Protection and U.S. Department of Homeland Security. As a licensed customs broker, GAC will continue to provide its supply chain and oil and gas customers with a complete suite of services enhanced by greater efficiency, and quicker turnaround times. Customers will also enjoy the benefits of GAC having complete internal control of the process from start to finish.
GAC USA Expansion continues
GAC USA expansion continues with ground breaking of new Houston warehouse; Construction to start on LEED registered building in Central Green Business Park. GAC, a provider of integrated services to the shipping, logistics and marine industry, has announced the official start of construction of its new office and warehouse building in Houston's Central Green Business Park. GAC will consolidate its existing warehouses with the new LEED (Leader in Energy and Environment Design) registered 181,067 square-foot cross dock building which includes four acres of outside storage space.
Global IP Extends Mobility Offering with Intelsat
Global IP to introduce Ku-band maritime services to oil, gas and energy customers across the vast Indian Ocean region. Intelsat S.A., a provider of satellite services, announced today that Spain-based Global IP, a provider of satellite communications for maritime, energy and corporate customers, has signed multi-year agreements allowing it to provide broadband service to its maritime customers in the Indian Ocean region. Global IP will use capacity on Intelsat 22 at 72° East, Intelsat 702 at 33° East, and the IntelsatOneSM terrestrial network to introduce advanced mobility services. Global IP will collocate its DVB-S2 high-throughput platform at Intelsat's teleport in Fuchsstadt, Germany, enabling access to the IntelsatOne infrastructure and Intelsat's satellite fleet.
RigNet Make Executive Appointments
Morten Hagland Hansen appointed Vice President - Business Services, & Boyd Skelton as Director – Products and Solutions. RigNet, Inc., a leading provider of managed remote communications solutions to the oil and gas industry made the new appointments and Mark Slaughter president and CEO of RigNet said: "I am delighted to be announcing these two leadership appointments; Morten Hansen has demonstrated success in several important roles over his long tenure at RigNet. Coming out of a planning role, Boyd Skelton is well-positioned to lead our renewed efforts to develop innovative solutions for our oil and gas customers. In his new role, Mr.
Insights: Gary Faber
Gary Faber brings more than 30 years of experience in the maritime industry to the position of president and COO of Foss Maritime Company. His extensive experience in marine engineering, vessel operations, salvage and project management in extreme environments extending from the arctic regions of Alaska all the way to the southern extremes of South America frame perfectly the diverse workload of this Seattle-based marine services firm. His notable accomplishments include recognition for the U.S.
Aker Solutions Opens Malaysia Base
International oil services company Aker Solutions has expanded its subsea business by establishing a subsea lifecycle service base in Labuan, Malaysia. The objective is to support all installed and future shallow and deepwater projects within the Asia Pacific region. The new service base, which is located in Labuan Federal Territory in Eastern Malaysia, will provide strategic and effective support services for Aker Solutions' onshore and offshore oil and gas customers. An opening ceremony was held at the new site and was officiated by Dave Hutchinson, head of Aker Solutions' subsea business in Asia Pacific. "Our new subsea lifecycle…
Satellite Hub Sale By VT iDirect Expands Maritime Coverage
New hub to support increasing demand from oil & gas customers in Africa & extend coverage to mega-yacht owners in the Mediterranean and Atlantic. VT iDirect, Inc. (iDirect), a company of VT Systems, Inc. (VT Systems), announce that SkyStream FZ LLZ, a Dubai-based satellite service provider, has purchased an iDirect Series 15100 Universal Satellite Hub to extend and enhance the availability of its coverage for luxury yacht owners. The hub will also help SkyStream meet the growing needs of its oil and gas customers who operate on multiple continents. iDirect is a world leader in satellite-based IP communications technology. Through its new iDirect hub, SkyStream will offer Ku- and C-band coverage using different satellites.
Foss Maritime to Expand Ocean Tug Fleet
Tug and barge operator to build three new Arctic Class deep-sea tugs at Northwest shipyard. Responding to new oil and gas industry opportunities, Foss Maritime Company will build the first three tugs in an innovative Arctic Class of tugs, a fleet expansion that broadens its capacity to take on large projects in extreme environments. Construction on the first tug starts in early 2013 at Foss' Rainier, Ore., shipyard, work which will bring additional jobs to the growing Columbia River facility. "At Foss we innovate," said Gary Faber, Foss' President and Chief Operating Officer.
Ocean Tugboat Fleet Expansion by Foss Maritime
Tug and barge operator, Foss Maritime, to build three Arctic Class deep-sea tugs at Northwest shipyard. Responding to new oil and gas industry opportunities, Foss Maritime Company will build the first three tugs in an innovative Arctic Class of tugs, a fleet expansion that broadens its capacity to take on large projects in extreme environments. Construction on the first tug starts in early 2013 at Foss’ Rainier, Oregon shipyard, work which will bring additional jobs to the growing Columbia River facility.
Liquid Robotics, Schlumberger Form Oil & Gas Joint Venture
Liquid Robotics, Inc. and Schlumberger announced the creation of Liquid Robotics Oil & Gas, a joint venture to develop services for the oil and gas industry using Wave Gliders, the world’s first wave-powered, autonomous marine vehicles. The joint venture will combine Liquid Robotics Wave Glider technology with Schlumberger oil and gas expertise and industry knowledge to integrate and deploy new solutions for customers worldwide. Liquid Robotics and Schlumberger have equal ownership of the joint venture.
Cummins Announces High HP Dual Fuel Product
Oil And Gas Dual Fuel Products In Production Midyear 2013. Cummins Inc. announced today its plans to produce dual fuel engines from 800 hp to 3500 hp (597-2610 kW) for high-horsepower markets. The first in the product portfolio, QSK50 Tier 2 for oil and gas well servicing applications, will begin production in midyear 2013, with other QSK Series engines to follow, including engines capable of meeting upcoming EPA Tier 4 Final emissions regulations. Cummins high-horsepower dual fuel engines will operate with common integrated controls…
SeaHold GEOSHIPS Adds Two New Offshore Vessels
SeaHold GEOSHIPS expanded its fleet of multi-purpose offshore vessels. The two new vessels ‘Loch Erisort’ and ‘Loch Roag’ brings the Aberdeen-based firm’s fleet up to three, while also signifying a $140m in additional financial commitment. The new vessels, which are both of Vik & Sandvik VS470 design will be delivered in Quarter 1 2012 and Quarter 4 2012 respectively and are actively being promoted to the Oil and Gas market for long-term work. Specified as multi-purpose support vessels…
Diversification Keeps Gulf Vessel Builders Afloat
Companies building vessels on the U.S. Gulf are servicing a flock of domestic and overseas clients while their offshore oil and gas customers wait for Washington to issue more drilling permits and safety rules. Some of the region's builders are busy making repairs. After a federal ban on deepwater drilling ended in October — three months after BP's well was capped — the Gulf remains quiet, but industry members expect business to improve eventually. Gulf vessel builders have seemingly ignored an old sailors' warning to “never plant you right and left feet in two different boats.” Instead…