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Friday, February 23, 2018

Oil And Gas Industry News

Telford Offshore: A New Offshore Services Provider

(File photo: Sea Trucks)

There’s a new name in the global oil and gas industry: Telford Offshore, which officially launched today after acquiring four vessels from Sea Trucks Group following its liquidation. The newly formed contracting company acquired four DP3 multipurpose offshore construction vessels which can support multiple activities, focusing on high capacity accommodation combined with lifting, fabrication and installation services. The Dubai headquartered company said it will focus on areas where the vessels and company project personnel have demonstrated their capabilities…

SeaBird Exploration Cancels Munin Explorer Charter

Photo: SeaBird Exploration Group

Marine seismic survey provider SeaBird Exploration has entered into a settlement agreement with Ordinat Shipping AS, the owners of Munin Explorer, for the termination of the charter party agreement and redelivery of the vessel. The transaction is conditional on the fulfilment of certain preconditions and is expected to be approximately cash neutral to the company in 2018 and 2019. The company is estimating that the transaction will save in excess of $2 million over the term of the contract, including the forgiveness of the $2.4 million charter hire payment due 30 June 2020.

Tidewater Names Rynd President, CEO

Tidewater Inc. (NYSE: TDW) appointed John T. Rynd as the company's new President and CEO and a member of the Board of Directors effective March 5. He replaces Larry T. Rigdon who has served as interim President and Chief Executive Officer since October of 2017. Tom Bates, Chairman of the Board of Directors, said "After completing a comprehensive search, the Board is very pleased to welcome John to the team. He brings with him considerable experience in the offshore drilling services sector and the global oil and gas industry as a whole. Rynd previously served as Chief Executive Officer and President, and as a director of Hercules Offshore from 2008 through 2016.

Oil & Gas Firms: Key Role in Asia

Pekka Paasivaara, a member of the GL Executive Board

International oil companies remain vital to the growth of Asian oil and gas industry. Asia still requires the injection of profit-driven innovation from international oil companies, sector leaders claim. Asia needs international oil companies to continue to play a large and essential role in the oil and gas industry’s research and development activity, despite the growth of national oil companies, a group of the region’s oil and gas industry leaders has stated. The comments were…

Tidewater Elects Taylor to Board of Directors

Tidewater announced the election of Cindy B. Taylor to its Board of Directors for a term expiring in July 2008. Mrs. Taylor comes to Tidewater with a distinguished and successful career in the oil and gas industry. Since May 2006, Mrs. Taylor has served as President and CEO of Oil States International, Inc., a diversified solutions provider for the oil and gas industry. From May 2000 through May 2006, Mrs. Taylor was a Senior Vice President, Chief Financial Officer and Treasurer of Oil States. Taylor previously held executive positions with a public drilling company and various management positions in public accounting. Taylor earned her Bachelor of Business Administration (B.B.A.) degree from Texas A&M and is a Certified Public Accountant.

Strategy Engineering Wins O&G Company Award

Photo: Strategy Engineering & Consulting

Strategy Engineering & Consulting, LLC announce that it was named the winner of the Oil and Gas Awards Engineering Company of the Year for the Gulf Coast Region in 2012, announced Strategy President Chris Morris. “The Engineering Company of the Year award recognizes engineering excellence and achievements within the oil and gas industry in the Gulf Coast region," Morris said.

Setron Joins Shipbuilding Business

Bhd, an electronics company, has diversified into the shipbuilding business by partnering Pong Leung Swee to set up and operate a shipyard on Carey Island, Selangor, Malaysia Setron said the alliance entails designing and building ships and similar vessels to primarily serve the oil and gas industry. "The company is confident that the demand for new crew boats and other support vessels for oil and gas industry in the region is promising. A new joint venture company will be formed and Setron would hold 51 percent while Pong would have the rest. Source: Business Times

GL Noble Denton Commissions Report on Outlook for Oil and Gas 2012

Pekka Paasivaara, Member of the GL Group Executive Board

GL Noble Denton commissions new Economist Intelligence Unit report on the outlook for the oil and gas industry in 2012. GL Noble Denton, the independent technical advisor to the oil and gas industry, is calling upon sector professionals to contribute to what will be one of the most comprehensive sector outlook reports to date, a sequel to the Economist Intelligence Unit’s commended study: Deep water ahead? The outlook for the oil and gas industry in 2011, sponsored by GL Noble Denton earlier this year.

DNV GL Opens New Vietnam Office

From the opening of the Vietnam office March 21 2014. His Royal Highness Crown Prince Haakon of Norway and Henrik O. Madsen, Group President & CEO, DNV GL.

DNV GL announced that it has moved into a new office that was officially opened by His Royal Highness Crown Prince Haakon of Norway and Henrik O. Madsen, Group President & CEO, DNV GL. The official ceremony was part of the program of the Norwegian trade delegation visiting Vietnam this week. Besides the Crown Prince, the Norwegian Minister of Trade and Fisheries, Monica Mæland also attended the inauguration ceremony. DNV GL has had a presence in Vietnam since 1995. Starting out as a Representative Office…

World Petroleum Congress Poll on Energy Careers

Pekka Paasivaara, Member of the GL Executive Board

Delegates at the World Petroleum Congress believe the oil and gas industry is not doing enough to encourage future generations to join the sector, according to research from GL Noble Denton. Oil and gas industry professionals believe that the sector needs to work harder to encourage future generations to choose a career in energy, according to a poll conducted yesterday at the World Petroleum Congress in Doha. 57% of participants said companies need to make greater efforts to demonstrate the benefits of a career in the oil and gas industry to young people…

GL Noble Denton Appoints Dr Vicki Niesen

GL Noble Denton appoints Dr Vicki Niesen to lead Hydraulic and Flow Assurance Consulting Services for Americas Brings more than 25 years of industry leadership in flow assurance to GL Noble Denton's American operations alongside senior colleague, Dr Trent Brown. Houston/Texas, 26 April 2011 - GL Noble Denton, the global independent technical advisor to the oil and gas industry, has appointed Dr Vicki Niesen to lead its Hydraulic and Flow Assurance Consulting Services department in the Americas.

OilCareers.com Joins Forces With Air Energi To Announce Latest Oil & Gas Workforce Survey

March 14, 2011: Salaries in the global oil and gas industry are to increase throughout 2011 according to a joint report from OilCareers.com, the international job board for the oil and gas industry, in association with partner Air Energi, a global provider of manpower solutions to the energy sector. Focusing on employment and salary trends in the energy sector throughout 2011 the report, entitled ‘The Global Oil & Gas Workforce Survey: Expectations for hires and pay rates in the oil and gas industry H1 2011’…

Study: O&G Setback Cost U.S. Jobs

figures. According to the study conducted by Quest Offshore Inc., the Gulf offshore oil and gas industry supported more than 240,000 jobs across the country while contributing more than $26 billion to the nation’s GDP in 2010. "The Gulf offshore oil and gas industry supports tens of thousands of jobs outside the Gulf of Mexico," said Randall Luthi, president of NOIA. But offshore industry-related jobs are down from 2008, the study shows, due in part to the poor economy, the deepwater moratorium, and the continuing slow pace of new drilling permits in the gulf. More than 60,000 jobs have been lost in the Gulf States alone since 2008, according to the study.

Offshore Industry Media Service: RigNet & SnapTV Collaborate

RigNet, Inc., specialitsts in managed remote communications signs reseller agreement with Norwegian maritime & offshore  infotainment company SnapTV. "We are at a point in the oil and gas industry when media management systems, including those for crew welfare, are becoming more important," said Marcus D. Waters, global product manager for collaboration services at RigNet. "With SnapTV, we can provide robust and flexible media systems to our customers and enable immediate access to infotainment and media management solutions as a result of this agreement. SnapTV has specialized in media management for bandwidth-restricted environments and supports fleet-wide management of audio and video for applications such as crew infotainment…

Vietnam University Selects Intergraph SmartMarine Enterprise

PetroVietnam University (PVU) joined the Intergraph Education Grant Program. PVU is located in the offshore oil and gas hub of southern Vietnam, and was established to focus on the development of the country's oil and gas industry. The Vietnamese university recognized that it needs to equip its students with the necessary skills and knowledge so that they are ready to apply the tools that employers already use when they join the work force. PVU will provide its students with access to SmartMarine Enterprise solutions, including SmartMarine 3D, SmartPlant Review, SmartPlant Instrumentation, SmartPlant Electrical, SmartPlant P&ID and SmartSketch. Intergraph's ruled-based technology features unique automation capabilities, which was a compelling factor in PVU's decision.

Hovem Named CEO of DNV GL Oil & Gas

Liv Hovem (Photo: DNV GL)

Liv Hovem will step in as CEO of DNV GL’s Oil & Gas business area from January 1, 2018. She will be based at the DNV GL – Oil & Gas headquarters in Høvik, Norway as a member of the DNV GL Group's Executive Committee reporting to Group President and CEO Remi Eriksen. Hovem succeeds Elisabeth Tørstad, who has been appointed CEO of DNV GL’s new Digital Solutions business area. Hovem has been with DNV GL since 1988, most recently as Regional Manager for Continental Europe, the Middle East and India in DNV GL’s Oil & Gas business.

MMS and USCH Sign Oil & Gas Agreement

The U.S. Department of the Interior's Minerals Management Service (MMS) signed a Memorandum of Understanding (MOU) with the USCG specifying which agency will be responsible for certain aspects of oil and natural gas exploration, development, production, and transportation activities on the Outer Continental Shelf (OCS). The MOU identifies 27 areas of responsibilities for both agencies. For example, MMS will be responsible for most drilling and production matters, pipeline operations, emergency shutdown systems, inspection and testing of production and drilling equipment, decommissioning platforms, and investigating oil pollution related to provisions in the OCS Lands Act.

Sir Frank Chapman Appointed Golar's Chairman

BG Group veteran Chapman joins Golar LNG as chairman

Golar LNG Limited announced that with effect from September 19, 2014, Sir Frank Joseph Chapman has been appointed to the Board of Directors of the Company and will act as the Company's Chairman. Sir Frank Chapman has worked 40 years in the oil and gas industry culminating in a twelve-year period as Chief Executive of BG Group plc. Under Sir Frank's leadership, BG Group grew from the modest UK-based Exploration and Production interests of the old British Gas into an international integrated oil and gas major. Operating profits grew from some $50 million in 1996 to more than $8 billion in 2012.

SCS, NDT To Form Joint Venture

Stolt Comex Seaway and NKT Holding will reportedly create a new firm to make equipment for the offshore oil and gas industry.

GNSS Guidelines Update

After an extensive review and update, the former UKOOA document “Guidelines for the use of GPS in offshore surveying” has been jointly issued as a new document by theInternational Association of Oil & Gas Producers (OGP) and the International Marine Contractors Association (IMCA). The document was reviewed by a workgroup comprising representatives of OGP’s Geomatics Committee and IMCA’s Offshore Survey Division Management Committee, as well as representatives from the marine survey industry. The use of satellite positioning is critical to the success of a wide variety of oil and gas related surveying and positioning projects. The “Guidelines…

RigNet Partners Inmarsat to Offer Fleet Xpress

Mark Slaughter, RigNet’s CEO and President Courtesy Linked in

RigNet, Inc., a global provider of remote managed offshore communications solutions, telecoms systems integration services and collaborative applications to the oil and gas industry, today announced that it has signed an agreement with Inmarsat to offer Fleet Xpress, the maritime version of its Global Xpress service, to the oil and gas maritime sector. The agreement will enable RigNet to extend high-speed communications to offshore service and supply vessels within the oil and gas industry across the globe.

Mermaid Maritime Opens New Office

Denmark's Mermaid Maritime (Vietnam) Ltd. has opened its office in Ba Ria-Vung Tau Province under a cooperation agreement between Vietnamese and Danish firms in the oil and gas industry. The event took place early this week on the occasion of a Vietnam visit by eight Danish offshore industry companies from October 9-13 to explore business opportunities. Mermaid Maritime (Vietnam) is located in Dong Xuyen Industrial Park. Though it was set up in October 2004, it has already become a market leader in marine and offshore safety equipment in Vietnam. The visit also takes in Hanoi and HCMC. The delegation is scheduled to join seminars aimed at looking into the prospects-for cooperation in the oil and gas industry. The seminars are arranged by the Danish embassy in cooperation with PetroVietnam.

Tenders Called for Floating Dock

The State Government has called for tenders for the construction of a floating dock at the Australian Marine Complex ( AMC ) in Henderson. Industry and Enterprise Minister Francis Logan said the floating dock was part of the $174m AMC expansion announced by Premier Alan Carpenter last year. The Minister said Australian-based companies were increasingly becoming recognised for their capacity to deliver complex contracts, especially in the shipbuilding and oil and gas industries. The floating dock was crucial to securing long-term maintenance work on the Royal Australian Navy ( RAN ) Collins Class submarine fleet, as well as enhancing WA’s bid for ongoing defence contracts.

Maritime Reporter Magazine Cover Feb 2018 - Cruise Ship Annual

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