Oil And Gas Industries News

29 Aug 2019

Revenues Soar at Russia’s PAO Sovcomflot

Sergey Frank, President and CEO, PAO Sovcomflot. Photo: Sovcomflot.

PAO Sovcomflot (SCF Group), which serves the energy shipping and offshore services to the oil and gas industries, reported in the first half of 2019 revenues rose 16.6% ($828m vs. $710.1m), TCE revenue rose 19.1% ($609m vs. $511.3m) and EBITDA rose 42.4% ($381.2m vs. $267.7m) as compared to the first half of 2018.Highlights from the first half included:• Korolev Prospect, Vernadsky Prospect and Samuel Prospect LNG-fuelled 114,000 DWT Aframax tankers added to the fleet.•In March 2019, the Group celebrated the 10th anniversary of the start of LNG shipments from the Sakhalin-2 project.

17 Jun 2019

Mermaid Gets Funds for Two Vessels

Image: Mermaid Maritime Public Company

Thailand-based offshore drilling services company  Mermaid Maritime Public Company said that  its subsidiary Mermaid Subsea Services Thailand (MSST) has entered into a $65 million loan deal with the Export-Import Bank of Thailand (Exim).As per the press release from the provider of subsea and drilling services to the offshore oil and gas industries, the objective of the loan is to extend the financing of the two company’s vessels, the Mermaid Endurer and Mermaid Asiana, for a…

31 May 2019

ABB Outlines Future for Lowestoft Port

Image: Associated British Ports

Associated British Ports (ABP), owner and operator of the Port of Lowestoft, has launched a consultation on the Port of Lowestoft Master Plan, a document that sets out ABP’s future vision for growth and development at the port from now until 2036, inviting stakeholders to have their say on the port’s future.Together with ABP's other two East Anglian ports, King’s Lynn and Ipswich, it contributes £360 million to the UK economy every year, supporting 5,300 jobs nationally.Coupled with ABP’s ongoing investment in its infrastructure…

29 May 2019

Keppel Orders PG Flow Solutions for Gimmi FLNG

Image:PG Flow Solutions

Singaporebased Keppel Shipyard has awarded Norwegian liquid handling and pump specialist PG Flow Solutions a contract to supply high flow seawater pumps to the Gimi FLNG that is being converted at the yard.PG Flow Solutions will deliver four large seawater pumps, each with a capacity of 5,500 cubic metres of water per hour. The contract value is undisclosed.The seawater pumps will be used to cool down the onboard turbine steam condensers. As the LNG-fuelled vessel has steam turbines for power generation…

21 Mar 2019

Africa's Preparedness in Oil Spill

Pic:  International Maritime Organization (IMO)

Increased maritime traffic as well as offshore oil and gas industries in west and central Africa means more risks of oil spill in the region, pointed out International Maritime Organization (IMO).To strengthen the capability for preparedness and response of a potential oil spill, a workshop underwent in Abidjan, Côte d'Ivoire (18-21 March).The event aimed to help participants with to ratify and effectively implement IMO conventions relating to oil pollution and liability and compensation, said the UN Body.Participants were trained on how to best transpose IMO treaties into domestic laws.

04 Mar 2019

New CEO at ​​​​Svanehøj Group

Left to right: CEO Søren Kringelholt Nielsen and Chairman Søren Ø. Sørensen (Photo: ????Svanehøj Group)

Søren Kringelholt Nielsen has been appointed as the new CEO of Svanehøj Group, a Danish designer and manufacturer of specialized deep well and in-line pumps for the marine and oil and gas industries.The new cheif executive comes to Svanehøj from Hydratech Industries, where he had been the CEO since 2012. His experience also includes several years at Siemens Wind Power in roles including director of the global blade business."With the appointment of Søren Kringelholt Nielsen, Svanehøj…

18 Nov 2018

Dell Technologies, Arundo Analytics Launch IoT Bundle for Maritime

Image: Arundo Analytics

American multinational information technology corporation Dell Technologies and  cloud-based software firm Arundo Analytics announced the launch of the IoT Bundle at The Royal Norwegian Consulate Shipping Conference held in Houston, Texas.The bundle consists of Dell Edge Gateway 5100 series devices combined with Arundo Edge Agent software, said a press release from the provideer of software to enable enterprise-scale machine learning and advanced analytics applications.Dell Edge Gateway 5100 devices are hardened and maritime class-certified…

21 Sep 2018

NOSAC Meeting Highlights

Representatives from the Coast Guard, offshore oil and gas industries, recognized organizations and numerous industry associations attended the National Offshore Safety Advisory Committee semi-annual public meeting in Houston, Texas Sept 11, 2018.Rear Adm. John Nadeau, assistant commandant for prevention policy, attended the meeting and discussed with the Committee the new Coast Guard commandant’s strategic vision for the service as well as the reorganization within the Office of Commercial Vessel Compliance to put an increased emphasis on Third Party Organization oversight.During the meeting…

09 Nov 2018

MMT Inks 10 New Contracts over 2 Months

(Photo: MMT)

Swedish based marine surveyor MMT has during the past two months received 10 new subsea survey and inspection projects within the offshore wind, renewable energy and oil and gas industries.MMT said the contracts, some of which are in joint collaboration with MMT’s Norwegian partner Reach Subsea, come from a wide portfolio of old and new clients, including Siccar Point Energy, Equinor, Perenco, SSE, Örsted, Vattenfall, GreenLink Interconnector, National Grid, Wintershall and BP Trinidad.Services range from traditional geophysical surveys to unexploded ordinance (UXO) inspection and excavation…

21 Aug 2018

Wärtsilä is Building a Tech Hub in Vaasa

(Image: Wärtsilä)

Wärtsilä is building a new center of research, product development and production, in Vaskiluoto, Vaasa. As of 2020, all of Wärtsilä's functions and personnel in central Vaasa will transfer to the new Smart Technology Hub, along with the logistics and maintenance workshop operations from Runsor.As a part of the project, Wärtsilä will invest 83 million euros in modern testing and production technology for the hub. The total investment in the Smart Technology Hub will be in the region of 200 million euros…

05 Mar 2018

Oceaneering Acquires Ecosse Subsea

Photo:  Oceaneering International, Inc.

Houston-headquartered Oceaneering International has, through one of its wholly-owned subsidiaries, acquired the Aberdeen-based Ecosse Subsea Limited for approximately GBP 50 million (US$69 Million). Headquartered in Aberdeen, Scotland, Ecosse builds and operates seabed preparation, route clearance and trenching tools for submarine cables and pipelines on an integrated basis that includes vessels, ROVs and survey services. Enabling technologies acquired in the transaction include Ecosse's modular SCAR Seabed System…

15 Jan 2018

VOS Stone Equipped with Ampelmann W2W Gangway

Ampelmann A400 (Photo: Ampelmann)

Vroon Offshore Services and Ampelmann have joined forces to deploy a Walk to Work (W2W) solution for the Arkona offshore wind farm, located in the German Baltic Sea. Vroon’s VOS Stone vessel, the newest addition to its offshore-support fleet, will be mobilized with an Ampelmann A400 gangway system. The gangway, launched in 2017, will be utilized for the first time for W2W operations during array cabling work and commissioning of the Arkona offshore wind farm. The A400 gangway system…

11 Apr 2017

Next Geosolutions Acquires RMS Submarine

Next Geosolutions’ CEO, Giovanni Ranieri

Next Geosolutions announced the acquisition of UK-based marine resource solutions company, RMS Submarine Ltd. The acquisition of the companies enables Next Geosolutions to focus on the operations and maintenance market, for both the cables and renewables industries, and represents a strengthening of its presence in the North Sea and Baltic region. Based in Suffolk, RMS Submarine provides marine resource and management solutions in the marine survey, submarine cable, offshore renewables and oil and gas industries.

03 May 2016

Wind-powered Oil Recovery Project Green-lighted

Image: DNV GL

The DNV GL-led WIN WIN Joint Industry Project (JIP), which melds offshore wind with offshore oil and gas, shows that for suitable fields,finds that  wind-powered water injection is technically feasible, capable of meeting performance targets and offers a cost-competitive alternative to conventional water injection solutions. For the past year, participants from both the renewable and oil and gas industries have worked together in the DNV GL-led WIN WIN (wind powered water injection)…

29 Jun 2017

Hempel Invests in Fire Protection Coatings R&D

Photo: Hempel

Coatings manufacturer Hempel announced that it is investing in a new research and development center focused solely on passive fire protection coatings. Located just outside Barcelona in Spain, the center is due to open toward the end of 2018. Passive fire protection (PFP) coatings are increasingly important in the construction and oil and gas industries. Applied to structural steel in large buildings and industrial oil and gas installations, the coatings expand to form an insulating layer of carbon char when exposed to high temperatures.

26 Sep 2017

Falck Safety Services, Simwave Partner on Training

Photo courtesy of Falck Safety Services

Falck Safety Services and Simwave are joining forces to serve the maritime and oil and gas industries with combined simulation and practical training. For more than 30 years, Falck Safety Services has offered safety training for the offshore, maritime and wind industries. On November 8th, Simwave will open its doors to the most advanced maritime simulator center in the world. This co-operation means that customers will be able to undertake simulation training at Simwave to complement the training at one of the training centers of Falck Safety Services.

18 Jul 2016

PALFINGER Makes Takeover Bid for TTS

The takeover bid made by the PALFINGER Group for the Norwegian ship equipment supplier TTS Group ASA, listed on the Oslo Stock Exchange, was approved and published this morning by the Oslo Stock Exchange following a detailed review. PALFINGER aims to acquire 100 percent of the TTS shares. Apart from the necessary anti-trust approvals, the offer is also subject to the condition that at least 90 per cent of all the shares in TTS be offered to the PALFINGER Group (with PALFINGER having already secured acceptance of a total of approx. 66.3 per cent). The initial deadline for acceptance of the offer is 12 August 2016. The Board of Directors of TTS recommends that its shareholders accept PALFINGER’s offer.

15 Dec 2017

DNV GL: First Class Guideline for Additive Manufacturing

The ability to produce metal parts in a 3D printing process anywhere holds great promise for the maritime sector. The picture shows a 3D-printed aluminum replica of a mooring chain testing bed at the DNV GL lab in Bergen (Image: DNV GL)

DNV GL has published the first classification guideline for the use of additive manufacturing (AM) in the maritime and oil amid gas industries. The guideline is designed to help manufacturers and sub-suppliers of materials, parts and components, service suppliers and end users adopting AM technologies, by ensuring that the parts or components created by an AM process and the materials from which they are created have the same level of quality assurance as traditionally manufactured products.

12 Jan 2018

Jumbo Orders LNG-powered Heavy Lift Ship

(Image: Ulstein Design & Solutions B.V.)

Dutch transportation and installation contractor Jumbo said it has signed a Letter of Intent (LOI) with shipbuilder China Merchants Industry Holdings (CMIH) for the construction of a new heavy lift crane vessel (HLCV) scheduled for delivery in the first quarter of 2020. The DP2 vessel will feature dual fuel engines capable of operating on liquefied natural gas (LNG), and will be built to serve the offshore wind and the offshore oil and gas industries. “Despite the current offshore climate, we are committing to this industry long term,” said Jumbo managing director, Michael Kahn.

14 Oct 2016

Clyde Launches Training Facility

CTS Staff Photo Clyde Training Solutions

Clyde Training Solutions (CTS) opened central Scotland’s first dedicated marine and offshore international training centre. CTS – a newly established Clyde Group company -  is now offering an extensive range of onsite accredited maritime safety courses to an international market at its new complex on the banks of the River Clyde in Clydebank. Phase one of operations at the centre has created in the region of 30 jobs with potential operational growth likely to create future employment.

18 Jan 2016

Royal IHC Expands into Offshore, Mining

Robbins Technology Group joins forces with Royal IHC

Royal IHC announced it has expanded its activities with the acquisition of Fraser Hydraulic Power (FHP) in the UK and Robbins Technology Group (RTG) in Brisbane, Australia. With these latest acquisitions, IHC has expanded its offshore rental fleet and gained a stronger foothold in the mining market respectively. Founded in 1986, FHP designs and builds systems for laying subsea cables and umbilicals with tracked engines and tensioners, cable carousels, and drum handling systems in its product range. These are supplied to the subsea telecoms, renewables, and oil and gas industries.

09 Nov 2016

Allianz Middle East Ship Management, MCS Join Forces

Damen Fast Crew Supplier 2610 Photo Damen

Allianz Middle East Ship Management and Maritime Craft Services (MCS)have taken delivery of a Damen Fast Crew Supplier 2610. Demonstrating the cooperative relationship between the two companies, the new vessel will offer safe and cost efficient crew transfer services for up to 50 passengers to and from the Abu Dhabi oil fields.The two companies welcomed guests on board the new vessel in a festive celebration during this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).

11 Nov 2016

Anchor Handling Tug Supply Vessel Market Poised for Growth

File photo: Farstad Shipping ASA

The global market for anchor handling tug supply vessels is poised for growth from 2016-2020, according to a report by Research and Markets. In the report, which covers the present scenario and the growth prospects market based on total revenue generated from the different geographical regions, analysts forecast the global market for anchor handling tug supply (AHTS) vessels will grow at a compound annual growth rate (CAGR) of 13.88 percent during the period 2016-2020. “One trend which is boosting market growth is the rise in subsea vessel operations,” said an analyst from the research team.

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