Oil And Gas Equipment News

The Biden administration on Saturday unveiled final rules aimed at cracking down on US oil and gas industry releases of methane, part of a global plan to rein in emissions that contribute to climate change.The rules, two years in the making, were announced by US officials at the United Nations COP28 climate change conference in Dubai. The US and other nations attending the summit are expected to detail how they will achieve a 150-country pledge made two years ago to slash methane emissions by 30% from 2020 levels by 2030.Methane tends to leak into the atmosphere undetected from drill sites…

Amogy, developer of emission-free ammonia power solutions, on Tuesday announced it will open a new manufacturing facility in the energy and maritime hub city Houston.The Brooklyn-headquartered company said it will invest more than $40 million to renovate a 53,000-square-foot manufacturing facility that was formerly used to produce oil and gas equipment. The site is located within four acres of space that Amogy leases.Set to be operational in early 2024, the facility will be used for the assembly manufacturing of Amogy’s “powerpack” clean energy solution…

Chinese shipbuilder China Merchants Heavy Industry (CMHI) has awarded NOV a contract to design and supply equipment for GustoMSC NG-14000XL-G wind turbine installation jack-up vessel to be built for OHT, a Norwegian heavy transport and installation contractor."In close collaboration with VIND Offshore Installation, a wholly-owned subsidiary of OHT, the design is specifically tailored to create a next-generation offshore wind installation unit with a significantly reduced carbon footprint," the company, which last year changed its name from National Oilwell Varco to NOV, said.

Philippine's Udenna Corporation has broken off negotiations over a potential investment of $73 million in struggling Singapore-based offshore vessel company Emas Offshore.The ailing Singaporean contractor Emas Offshore announced in a regulatory filing that Udenna had informed the company that it would no longer be injecting $73.29 million into the offshore services provider. No reasons were given in the announcement for Udenna's decision.Dennis Uy-led Udenna is the parent company of Pheonix Petroleum and Chelsea Logistics Holdings.Udenna and Emas inked a non-binding term sheet last October, that would have seen the former pumping the money into Emas Offshore as part of the financial restructuring of the group.

Oil and gas equipment supplier Baker Technology on Thursday made a mandatory unconditional cash offer for all the shares in CH Offshore, a vessel chartering firm."BT Investment (BTI), a direct wholly-owned subsidiary Baker Technology, has announced that it has entered into (a) a sale and purchase agreement with Energian, a wholly-owned subsidiary of Falcon Energy Group, a company listed on the Singapore Exchange Securities Trading to acquire 217,800,000 issued and paid-up ordinary shares in the capital of CH Offshore, representing approximately 30.90% of the total Shares for a purchase consideration of S$0.115 per share," said a stock exchange announcement from the company.It has also entered into a sale and purchase agreement with SZ Offshore Investment to acquire 153…

The first shipment of a ‘core kit’ for Russia’s Yamal LNG project has set sail for northern Russia from the Chinese port of Qingdao. China's first batch of two air cooled condensing modules of LNG project are the biggest and heaviest kits being used for the project. They are set to arrive at the construction site in late June, says China Central Television. Yamal is a liquefied natural gas project located deep in the Russian Arctic. It is expected to start operating next year. 85 percent of the liquefied natural gas will be transported to the Asia Pacific market. It is China's first export of LNG core modules, indicating that China has entered into the international high-end oil and gas equipment market.

For Russian Maritime Register of Shipping (RS), 2014 marked the 101st year of its activities. The classification society said 2014 also marked a landmark year, as the construction of the world's first Arctic LNG carrier began to RS class. The new 300-meter-long ship carrying liquefied natural gas in membrane tanks will be able to operate in ice of about two meters thick. There are more than 150 vessels that are ordered or already under construction to the RS class with the total gross tonnage of about 2 million, RS noted, of which 11 are gas carriers, 21 icebreakers and specialized support vessels,  27 tankers, 30 tugs and seven fixed offshore ice-resistant platforms.

KENC Oil & Gas, specialists in the design, fabrication and supply of custom engineered equipment, will move to new, larger premises to meet growing demand from the on and offshore industries. From mid-July, KENC’s new headquarters will be at a 450m2 facility nearby the company’s existing address in Oldenzaal, the Netherlands. “This expansion is necessary thanks to the increasing number and size of engineering projects we are completing,” notes company founder Eric Buining. “We design, fabricate and supply increasingly specialized upstream oil and gas equipment. To meet that demand, not only are we expanding our facilities, but KENC’s expert workforce is also growing. Since the company was founded, KENC has shown solid growth.

The German Engineering Federation (VDMA) reported a good order situation for German marine and offshore oil and gas equipment suppliers, but the upsurge in incoming orders is not making the sector euphoric. “The boom in world ship newbuilding orders in 2013 gave us strong order growth, particularly from China and Korea. Here our ongoing export commitment in the global market is paying off: Germany remains the leading country for marine equipment suppliers worldwide. At the same time, we registered above average growth in incoming orders in the offshore oil and gas area,” stated Dr. Alexander Nürnberg, Chairman of VDMA Marine and Offshore Equipment Industries, at the association’s press conference held in Hamburg on Wednesday.

Russian Maritime Register of Shipping (RS) said it is actively strengthening partnership in key areas of enhancing maritime transport safety. In 2014, meetings of four sections of the RS Scientific and Technical Council (STC) were held. Scientific and educational centers, shipbuilding and shiprepair yards, shipping companies and other organizations of the maritime industry participated in the RS Scientific and Technical Council sections: St. Petersburg State Polytechnical University, Admiral Makarov State University of Maritime and Inland Shipping, St. Petersburg State Marine Technical University (SMTU), Krylov State Scientific Center, OAO Rosmorport, OAO Severnaya Verf, OAO Admiralteiskie Verfi, Nevsky Shipyard, Shipbuilding & Shiprepair Technology Center.

NEVA 2013, which convenes in Russia’s ‘maritime capital’ St Petersburg between September 24 and 27, will offer delegates and exhibitors the opportunity to scrutinise the significant developments in the structure and operation of Russia’s maritime industries and the nation’s growing presence on the international stage. Organized by UK-based Dolphin Exhibitions at the Lenexpo exhibition complex, NEVA 2013 is expected to attract more than 870 exhibitors from over 55 countries seeking to broaden trading ties with Russia. It will also feature a wide-ranging conference and seminar programme with an array of leading Russian and foreign experts ready to debate the key issues.

FMC Technologies to manufacture and supply subsea equipment for BP's Thunder Horse Field in the Gulf of Mexico. The Thunder Horse oil field is located in the Mississippi Canyon area of the Gulf of Mexico, 150 miles (240 kilometers) southeast of New Orleans in approximately 6,300 feet (1,920 meters) of water. FMC Technologies' scope of supply includes two manifolds and associated controls equipment . In addition, the scope includes several pipeline end terminations , flowline and well jumper kits and umbilical termination assemblies. Deliveries are scheduled to commence in the first half of 2013. "FMC Technologies is pleased to continue supporting BP as they further develop Thunder Horse," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies.

FMC Technologies, Inc.wins order from CNR International Ltd. for subsea equipment for the Baobab field, offshore Ivory Coast. The Baobab field is located in Block CI-40 West Africa approximately 16 miles (25 kilometers) offshore from the Ivory Coast. FMC Technologies' scope of supply includes six subsea trees , eight wellheads , three manifolds , and a Subsea Control System including subsea distribution systems and associated topside control systems . The equipment is scheduled for delivery in 2014. "FMC Technologies is pleased to support CNR International in its ongoing development of the Baobab field," said Tore Halvorsen , FMC Technologies' Senior Vice President, Subsea Technologies.

Chairman of Drydocks World holds discussions with Indonesian Defense Minister on co-operation on naval projects. Drydocks World has announced  that Chairman Khamis Juma Buamim had highly productive discussions with the Indonesian Defense Minister HE Prof. Dr. Purnomo Yusgiantoro on wide ranging issues of mutual co-operation within the maritime industry with a primary focus on potential partnership on projects for the coast guard and navy. Mr. Buamim was in a business trip tour to Indonesia and attended the Investment Summit in Jakarta…

FMC Technologies (NYSE: FTI) announced today that it has received a $125 million order from Petrobras (NYSE: PBR, PBRA), Brazil's national oil company, to supply equipment for use in their oil and gas developments offshore Brazil. The order, for 32 subsea trees, represents the remaining equipment under a 107-tree frame agreement that was announced in February of 2010. Equipment deliveries are scheduled to begin in 2013. "We have been a key supplier to Petrobras for decades and have delivered over 300 subsea trees for their projects in Brazil…

The first event series focused specifically on providing market entry and access to potential business partners is coming to Iraq. Following the success of the Iraq Oil & Gas Summit, New-fields is pleased to announce the USOGD and Catalogue Expo will be held in Baghdad, Iraq on April 23-28, 2011. This unique, hands-on delegation and expo is designed for U.S. oil and gas equipment and services exporters to provide a cost-effective way to promote their products & technologies, to generate new business opportunities from Senior Iraqi Officials from Iraqi Air…

While the U.S. economy may be in the doldrums, smart U.S. companies are looking increasingly to exports to help their bottom lines. A major market for U.S. exports is Brazil. This article examines new market opportunities in the oil and gas, shipbuilding and port infrastructure in Brazil, and identifies certain financing sources available to U.S. companies seeking to participate in these markets. Brazil’s growth in recent years has been amazing. Over the past 5 years, real GDP growth in Brazil has averaged 4.3% annually (as compared to 1.3% annually in the U.S.), reaching 7.5% in 2010.

German marine equipment suppliers are staying successful. Surveys of their industry association, the VDMA (German Engineering Federation), resulted in new record figures: in 2007, the sales achieved €11.9 billion with now 76,000 employees, making over 13.8% up on the previous year. The export rate was 73%. The sector could thus maintain and expand its world leading role for high tech systems for shipbuilding. 58% of the German suppliers expect the order inflow in home trading still to increase in 2008, pushed by the still extraordinarily high capacity utilization of the German shipyards. But the effects of the global shipbuilding boom can mainly be seen in the foreign markets.

Led by Alexander Ananenkov, Deputy Chairman of Gazprom Management Committee, the company’s delegation continues its business trip to Saint Petersburg. The delegation is composed of Oleg Aksyutin, Member of the Management Committee – Head of the Gas Transportation, Underground Storage and Utilization Department, Yaroslav Golko, Member of the Management Committee – Head of the Investment and Construction Department, Vasily Podyuk, Member of the Management Committee – Head of the Gas, Gas Condensate and Oil Production Department, as well as heads and specialists from Gazprom specialized subdivisions and subsidiary companies – Gazprom VNIIGAZ…