Oil And Gas Sector News

30 Mar 2020

Improving Oily Water Separators

© J G Ray / Adobe Stock

Oily water separators (OWS) have been a common fixture of a ship’s machinery space for many decades. With the amount of experience, research and legislation that has gone into them, it would be easy to think that their use would almost be hassle free. However, going by the amount of OWS violations still being recorded by the International Maritime Organization (IMO) it is evident that many seafarers are still encountering problems while operating them. As concerns about environmental pollution grow, it is likely that the rules governing OWS use will only become stricter.

12 Mar 2020

UK Limits Travel to Offshore Platforms

(Photo: BP)

Britain's oil and gas sector association OGUK on Thursday banned people from traveling to offshore installations such as platforms if they have traveled to certain countries affected by the coronavirus in the previous 14 days.The ban comes after Equinor reported the oil industry's first coronavirus infection on an offshore installation on Wednesday, highlighting the challenge in preventing contamination for thousands of workers living in the close quarters on rigs and platforms."Industry…

12 Feb 2020

Schlumberger Intros Egypt Upstream Gateway

Image: Schlumberger

The Egyptian Ministry of Petroleum and Schlumberger introduce the Egypt Upstream Gateway, a unique and innovative national project for digitizing subsurface information and delivering a digital subsurface platform to ensure Egypt's subsurface data is kept evergreen.The Egypt Upstream Gateway will also be a platform to promote Egypt's exploration and production potential worldwide.The Egypt Upstream Gateway will leverage the GAIA digital subsurface platform and provide additional…

20 Jan 2020

Oil, Gas Players Optimistic on Profits

Liv A. Hovem, CEO, DNV GL - Oil & Gas

Companies  in the oil and gas sector are optimistic about their ability to achieve their financial targets for 2020, according to a survey from standards agency DNV GL.While the sector’s growth hangs in the balance for 2020, oil and gas leaders are optimistic that they will weather the storm, drawing on hard-earned cost efficiencies from the past five years to make margin.Some 64% predict their organizations will hit profit targets this year (largely consistent with 62% in 2019)…

17 Jan 2020

NOC Condemns Calls for Oil Export Terminals to be Shut

© Juozas55 / Adobe Stock

Libya's state oil firm NOC on Friday condemned calls to shut oil export terminals in eastern Libya controlled by military commander Khalifa Haftar ahead of a summit in Germany where he will face pressure to halt his campaign to take the capital.Tribal leaders in eastern and southern Libya called on Thursday to shut the terminals in protest at what they called the internationally-recognized government in Tripoli's use of oil revenues to pay for foreign fighters.Eastern Libya and part of the south of the country is controlled by the Libya National Army (LNA) of Haftar…

22 Nov 2019

DOF Subsea Bags APAC Contracts

Skandi Hercules. Image: DOF Subsea AS

Norway-based international subsea operating company DOF Subsea announced several contract-awards in the Asia Pacific region, securing 130 days vessel and resource utilization into the first quarter of 2020. The contracts, for undisclosed clients in New Zealand and South East Asia, will see Skandi Hercules commence operations in December 2019 for a major operator, said the company which provides integrated project managed and engineered subsea solutions to the global offshore oil and gas industry.Additionally…

12 Nov 2019

G42, ADNOC JV for AI in Oil and Gas

Photo: G42

With a goal of creating more artificial intelligence (AI) led solutions for the oil and gas sector, Abu Dhabi National Oil Company (ADNOC)  has signed a deal with compatriot technology company Group 42 (G42) to create a new joint venture.The JV will be tasked with developing and commercializing market-leading AI products for the energy sector.The agreement was signed at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) by Omar Suwaina Al Suwaidi, Director, Executive Office Directorate, ADNOC, and Peng Xiao, CEO of G42.

31 Oct 2019

Oil and Gas Industry Adopts VR

Pic: GlobalData

The oil and gas industry is witnessing wide-scale deployment of virtual reality (VR) technology across its value chain, according to GlobalData.According to the report, ‘Virtual Reality in Oil & Gas’, VR is finding its way into upstream, midstream and downstream sectors with applications in the simulation of new processes, analysis of project designs, reviewing of maintenance requirements and planning disaster responses.Ravindra Puranik, Oil and Gas Analyst at GlobalData, said: “Over time…

30 Oct 2019

OP/ED: Offshore Wind

Nicolette Nye, Vice President of Communications and Member Development of the National Ocean Industries Association (NOIA) in Washington, DC.

Set to Soar, Taking Offshore Support Industry With it.Offshore energy development is opening a new front in the United States -- the Atlantic seaboard, with strong winds, a shallow continental shelf and a proximity to dense population centers is driving strong interest in offshore wind development. The offshore oil and gas supply chain stands to benefit in a big way from billions in coming investment. In fact, it is already playing a role. Companies in the Gulf of Mexico, which traditionally support the offshore oil and gas sector…

25 Oct 2019

Iraq's Umm Qasr Ready for Bigger Ships

Enrique K. Razon Jr., ICTSI Chairman and President (center, fifth from left), Dr. Safaa Al-Fayyadh, Director General of the General Company for Ports of Iraq - GCPI (7th from the left) and Chief Atheal Abid Ali Salman, North Port Director, Umm Qasr (fourth from the left). Photo: ICTSI

Philippines-based International Terminal Container Services Inc. (ICTSI) formally inaugurated two new berths in the port of Umm Qasr, Iraq’s main dry cargo port.The inauguration marked both the opening for business of the two new berths 25 and 26 with a depth of 14 meters, and the completion of ICTSI’s overall $250m investment program at its Basra Gateway Terminal (BGT) making the port capable of receiving box ships of up 14,000 teu.Located in Umm Qasr’s North Port, BGT operates a high capacity container terminal together with specialized facilities for the handling of general cargo…

22 Oct 2019

Damen Patrol Vessels for Offshore Nigeria

Damen recently delivered a pair of FCS 3307 high-spec patrol vessels to be operated by Homeland Integrated Offshore Services (Homeland IOS Ltd) in Nigeria. Photo: Damen

Damen recently delivered a pair of FCS 3307 high-spec patrol vessels to be operated by Homeland Integrated Offshore Services (Homeland IOS Ltd) in Nigeria, and now the boats are being prepared for their assignments. The boats will be deployed in the Gulf of Guinea to protect and support the offshore assets of Homeland’s clients which include many international oil companies.Features of the 33-m vessels include Damen’s trademark Axe Bow hull form that delivers excellent fuel economy and a top speed of 29 knots together with superb maneuverability and excellent seakeeping.

20 Sep 2019

IUMI Reports Cut in Offshore Insurance Premiums

James McDonald. Photo: IUMI

International Union of Marine Insurance (IUMI) Offshore Energy Committee reported a further reduction in global offshore energy premiums.Global premiums in this sector were reported to be USD 3.4 billion which represented a 3% reduction from 2017. This continued the downward trend: premiums in 2017 were down 5% on the previous year and premiums in 2016 were down 21% on 2015.James McDonald, Chair of the IUMI Offshore Energy Committee said: "The drop in premium income has largely followed the oil price which has dipped by around 20% over the past year.

19 Sep 2019

Homeland Orders Security/Crew Vessels

(Photo: Homeland IOS)

Nigeria-based Homeland Integrated Offshore Services LTD (Homeland IOS) said it has placed an order with the Singaporean Penguin Shipyard for several Flex Fighter security/crew vessels for delivery in December 2019.The 40-meter vessels are among the first of Penguin Shipyard’s latest generation, fitted with an all-round wheelhouse ballistic protection, machine gun mounts and gunner shields forward and aft. The vessels ave cabins and amenities for up to 12 security personnel.To fulfill its role as a crew boat…

05 Sep 2019

NGO Pushes for Green Recycling in North Sea

Pic: NGO Shipbreaking Platform

With the oil and gas sector seeing a downturn since 2014, the Platform has documented an increasing number of offshore units sold for scrap.While the recycling of fixed installations occurs under strict regulations, there are serious concerns regarding the recycling of floating structures, which classify as vessels.Around 200 floating structures have been identified as scrapped globally since 2015 – an estimated 40% of these assets ended up on South Asian beaches, where they were…

31 May 2019

UKCS Investments On the Rise

Image: Aberdeen & Grampian Chamber of Commerce

North Sea operators and contractors are investing across people, R&D, technology and new markets to support continued growth, said a new report.The 30th Oil and Gas survey, conducted by Aberdeen & Grampian Chamber of Commerce in partnership with the Fraser of Allander Institute and KPMG UK, pointed out that around 45% of contractors have increased investment spend in the UK Continental Shelf (UKCS) in the past 12 months.Almost half (47%) report they have either started to use…

17 May 2019

Marine Monitoring System Powered by Innovation

Photo courtesy of CMR Group

Innovation is driving advanced monitoring and control technologies for environmental and safety compliance in the marine sector, says Gérard Baldellou, marine business unit manager at CMR Group.The marine diesel power sector continues to face significant challenges, particularly in areas where emissions resulting from combustion inside engines, along with fuel consumption levels need reducing. Escalating operating costs, tighter margins and pressures in the oil and gas sector signal challenging times for ship owners and fleet operators.

14 May 2019

Global Energy Investment Totals $1.8trln in 2018

Pic: International Energy Agency

Global energy investment totalled more than USD 1.8 trillion in 2018, a level similar to 2017, said the International Energy Agency (IEA).The investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables.IEA's latest annual review said that for the third year in a row, the power sector attracted more investment than the oil and gas industry.The biggest jump in overall energy investment was in the United States…

21 Apr 2019

Arnlea, Px Sign Six Figure Renewal Contract

Image: Arnlea Systems Ltd

Arnlea Systems, a provider of mobile technology solutions for clients working within the oil and gas sector, has announced that it has renewed its existing contract with Px Group for a further five years with a six-figure value.Aberdeen-based software specialist said that the five-year deal has been awarded by operator and duty holder Px Group for use of its IntrinsixEx  software, which speeds up the inspection and reporting process for faulty equipment.The total value of the deal has not been disclosed.

31 Jan 2019

744 Ships Scrapped in 2018

Image: NGO Shipbreaking Platform

744 large ocean-going commercial vessels were sold to the scrap yards in 2018, out of which 518 were broken down on South Asia beaches, accounting for a record-breaking 90.4% of the gross tonnage dismantled globally.According to new data released by the NGO Shipbreaking Platform,  at least 34 workers lost their lives when breaking apart the global fleet. The Platform documented at least 14 workers that died in Alang, making 2018 one of one of the worse years for Indian yards in…

21 Jan 2019

China’s Oil and Gas Industry to Focus on Environment Impact

Arthur William Stoddart, Regional Manager of Greater China, Korea & Japan, DNV GL - Oil & Gas

China’s oil and gas industry is set to reinforce efforts to reduce environmental impacts of its projects and operationsin 2019, said a research.According to a new research from DNV GL, six in ten (61%) senior oil and gas professionals in China say their organizations are actively preparing for the transition to a lower carbon energy mix compared to 51% globally. Industry leaders’ focus on decarbonization aligns with the Chinese government’s new ‘Blue Sky’ plan to tackle air pollution…

09 Jan 2019

N-KOM Building Offshore Living Quarters in Qatar

(Photo: N-KOM)

Nakilat-Keppel Offshore & Marine (N-KOM) held a steel cutting ceremony for a new offshore accommodation platform under construction at the Erhama bin Jaber Al Jalahma Shipyard in Qatar.Chief Executive Officer of Nakilat, Eng. Abdullah Al Sulaiti, said, “This ceremony marks a milestone not only for N-KOM but also for Qatar, as this is the first such offshore fabrication to be wholly-constructed locally.”The project scope was awarded to N-KOM by Rosetti Marino, a Italian company providing engineering, procurement and construction (EPC) services to the energy industry worldwide.

19 Dec 2018

Xodus Appoints Phil Cooper as New Director

Photo: Xodus Group

The Scottish energy group Xodus Group has appointed Phil Cooper as a new corporate development director to support the continued growth of the company.The Aberdeen-based international energy consultancy said in a press release that Cooper has more than 35 years of experience and was most recently London general manager at Heerema Marine Contractors where he led a team of engineers engaged in heavy lift and subsea technical activities.Previously, he was the global technology director…

19 Dec 2018

Neptune Energy Indonesia Gets New Managing Director

Eko Lumadyo, Managing Director of Neptune Energy’s Indonesian business. Photo: Neptune Energy

The oil and gas producer Neptune Energy has announced the appointment of Eko Lumadyo as Managing Director of its Indonesian business, based in Jakarta.Lumadyo will join Neptune from Mandala Energy Indonesia, where he is currently Country President and General Manager.Lumadyo has more than 30 years’ experience in upstream oil and gas exploration, development, planning, operations and commercial affairs. He started his career with Unocal as a geophysicist and progressed within the…

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