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Tuesday, June 15, 2021
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Oil And Gas Sector News

25 May 2021

Green Marine: Hempel Charts its Growth & Sustainability Course

Photo courtesy Hempel

Hempel announced an ambitious strategy to double its revenue by 2025, with a focus on innovation, digitalization and sustainability. Michael Hansen, EVP & Chief Commercial Officer and Dorthe Scherling Nielsen, Head of Sustainability & Government Affairs discuss the path ahead.The year 2020 defined by COVID-19 presented historic challenges for many industries, and even companies such as Hempel – with a 105-year history – were not exempt. While the pandemic was (and continues to be for some) all consuming, it is far from the sole challenge for maritime companies today.

12 May 2021

Suez Canal Expansion Plans Lift Dredging Firm Boskalis

(Photo: Boskalis)

Shares in Dutch marine services provider Boskalis jumped on Wednesday, a day after the Suez Canal unveiled a project to expand the southern stretch of the waterway.The Suez Canal Authority plans to expand and deepen its southern section, where a container ship became jammed and blocked traffic for six days in March, throwing international supply chains into disarray.Back in 2014, Egypt signed contracts with six international firms to carry out dredging of the Suez Canal, including…

05 Apr 2021

Petrobras Suspends MODEC from Bidding for FPSO Projects

FPSO Cidade do Rio de Janeiro MV14 - Credit: MODEC

Brazilian national oil and gas company Petrobras has suspended Japanese FPSO specialist MODEC from bidding for new floating production storage and offloading vessel projects. A day after the announcement the Japanese firm named a new CEO but the change is seemingly not related to the Petrobras issue.MODEC, which sees Brazil as its main market, said last Thursday it had received a notification from Petrobras "that its eligibility to participate in new competitive bidding by Petrobras has been suspended for 13 months from March 31…

29 Mar 2021

OHT Sees Uptick in Demand to Transport Offshore Wind Equipment to China

MV Falcon transporting jack-up barge JB 118 from Abu Dhabi, UAE to Guangzhou

Oslo-listed Offshore Heavy Transport has said it has recently experienced an uptick in demand for the transportation of offshore wind equipment to China."OHT’s fleet of semi-submersible heavy transportation vessels have been busy transporting offshore wind equipment to China, supporting the huge surge in development of offshore wind farms in the fast-growing market. This followed OHT’s largest transportation project to date, which saw three of OHT’s transport vessels engaged in offshore wind foundation transportation from the UAE to Scotland for the majority of 2020…

17 Mar 2021

VIDEO: North Star to Deliver SOV Trio for Dogger Bank Wind Farm in $375M Deal

Credit: North Star

Aberdeen-based offshore vessel owner North Star Renewables has won contracts worth around £270 million (~$375 million), to deliver three service operation vessels (SOVs) to be used on what will be the world’s largest offshore wind farm, the 3.6GW Dogger Bank Wind Farm in the UK North Sea.North Star said its contract award followed a highly-competitive tender process, in which it had beat off strong international competition to secure the deal to design and deliver the three-vessel…

10 Mar 2021

You’re Going to Need a Bigger Fleet

(Photo: Dominion Energy)

The U.S. is going to need a fleet of Jones Act-compliant vessels to support its budding offshore wind industry. The good news is that several of these vessels are currently operating or on order. Even better, there are plenty more in the pipeline.In 2016, Rhode Island-based Atlantic Wind Transfers (AWT) put into service the U.S.’ first-ever vessel purpose-built for offshore wind services. The 21-meter crew transfer vessel (CTV) Atlantic Pioneer was constructed by Blount Boats to serve America’s first commercial offshore wind project…

03 Feb 2021

Fueltrax Announces Expansion in Asia

(Image: Fueltrax)

Maritime fuel management systems provider Fueltrax said it is expanding its representation in Asia in response to growing demand for its solutions in Southeast Asia and Asia Pacific regions. Joining the company is Faiz Azani, Director of Operations – Southeast Asia, and Chris Pemberton, Regional Representative – Asia PacificAzani joined the FUELTRAX team last month and brings 11 years of experience in the oil and gas, shipping, and marine industry, focusing on Southeast Asia, Europe, & the Middle East. He is a former marine expert to Malaysia Petroleum Management (MPM) of PETRONAS.

28 Jan 2021

Abu Dhabi Ports, Allianz Marine form Offshore Logistics JV

An Allianz Marine Offshore Vessel - Credit: Murali Krishna/MarineTraffic.com

Abu Dhabi Ports’ maritime arm SAFEEN has signed an agreement with offshore vessel owner Allianz Marine & Logistics Services (AMLS), to launch a new international provider of integrated maritime logistic services."Operating under the title of Offshore Support and Logistics Services Company (OFCO – Offshore International), headquartered in Abu Dhabi, the new joint venture will be one of the largest, most capable, and cost-efficient providers of onshore and offshore integrated logistics solutions and subsea services in the GCC [Gulf Cooperation Counci] Gulf Cooperation Council region and beyond…

12 Jan 2021

Norway Eyes Sea Change in Deep Dive for Metals Instead of Oil

An offshore platform in Norway - Credit:Jone Gundersen/AdobeStock

Norway's oil and gas reserves have made it one of the world's wealthiest countries but its dreams for deep-sea discovery now center on something different.This time, Oslo is looking for a leading role in mining copper, zinc, and other metals found on the seabed and in hot demand in green technologies.Norway could license companies for deep-sea mining as early as 2023, its oil and energy ministry told Reuters, potentially placing it among the first countries to harvest seabed metals for electric vehicle batteries…

11 Feb 2021

VIDEO: Floating Offshore Wind: Opportunities & Challenges

Illlustration - A semi-submersible type floating offshore wind turbine foundation called the WindFloat. Credit: Untrakdrover/Wikimedia Commons - CC BY-SA 3.0

The floating offshore wind industry, still considered nascent with around 100MW installed capacity - and minuscule compared to the installed capacity of its „older brother,“ - that is the conventional, fixed bottom offshore wind industry (29GW at 2019 end) - is showing promise and is expected to take off big time by the end of the decade.While the current installed capacity is small and focused on pilot projects, the potential is there for the floating wind farms to reach and…

04 Dec 2020

Centus Marine Orders Fast Crew Boat from Strategic Marine

Credit: Strategic Marine

Malaysian offshore supply vessel operator Centus Marine has ordered a 40 meter Fast Crew Boat from Strategic Marine.Delivery is scheduled for January 2021 at Strategic Marine’s Singapore yard, and the vessel will serve the Malaysian offshore oil and gas sector.The vessel will be powered by three Caterpillar C32 engines driving fixed pitch propellers. According to the shipbuilder, the vessel's station-keeping and maneuvering capability is further enhanced by a tunnel thruster installed at the bow.

27 Oct 2020

KR Authorized to Provide Statutory Services to Brunei

© corlaffra / Adobe Stock

The Korean Register (KR) has been appointed to deliver statutory services on behalf of the Government of Brunei. KR will act as a Recognized Organization (RO), with KR surveyors conducting vessel surveys and audits, issuing certificates for Brunei’s flagged ships and ensuring full compliance with the SOLAS, MARPOL, ITC, ILL, and MLC regulations and international conventions.Brunei is a country where the oil and gas industry accounts for 90% of the national economy, as a result…

15 Oct 2020

Comprehensive Sanctions: Iran, Syria and North Korea

© komi$ar / Adobe Stock

This article will focus on “comprehensive sanctions,” which prohibit most trade between the U.S. and the target country, with a particular focus on three countries currently targeted by comprehensive sanctions: Iran, Syria and North Korea. Similar jurisdictions which are subject to varying levels of comprehensive sanctions, including Cuba, the Crimea region (Russia/Ukraine) and Venezuela (which may be thought of as subject to “quasi-comprehensive” sanctions) will be dealt with an article later in this series.IranHistory of Iran sanctions: The first U.S.

27 Sep 2020

Milaha, Schlumberger to Build Stimulation Vessel

(Photo: Milaha)

Qatar's maritime and logistics firm Milaha said it entered into a formal agreement with U.S. headquartered oilfield services firm Schlumberger to cooperate on projects that will localize the energy sector supply chain, including the construction of a Qatari offshore oil well stimulation vessel.Milaha said its offshore and marine arm signed the memorandum of understanding (MOU) that will support value building projects while jointly driving Qatar Petroleum-led Tawteen program,…

09 Sep 2020

Anderson Joins Tidewater Board

(Photo: Tidewater)

Offshore support vessel (OSV) owner Tidewater Inc. announced Wednesday the appointment of Darron M. Anderson to its Board of Directors, effective immediately.Anderson has served as President and Chief Executive Officer and as a member of the board of directors of Ranger Energy Services since March 2017. He previously served as President and Chief Executive Officer of Express Energy Services from 2008 to August 2015. Anderson began his career in the oil and natural gas industry…

25 Aug 2020

Market Report: Global Heavy Lift Vessel Sector

Source: Saipem

The global heavy lift vessel market is a difficult place to be. Utilization for the fleet has remained depressingly low since the first oil and gas downturn in 2014, currently hovering around 33% for the global fleet with a lift capacity of over 800 tonnes, according to IHS Markit’s ConstructionVesselBase. Fixed platform installation work, the traditional market driver for the heavy-lift fleet in oil and gas, has seen demand fall significantly. According to global figures from IHS Markit’s FieldsBase, 190 fixed platforms were installed in both 2013 and 2014, rising to 219 in 2015.

05 Aug 2020

Offshore Wind Could Bring In $1.7B to U.S. Treasury by 2022

Image by DJ - AdobeStock

The United States has an opportunity to accelerate offshore wind energy growth, and benefit from 28 new gigawatts of wind power and $1.7 billion in U.S. Treasury revenue by 2022, according to a study released by the energy intelligence group Wood Mackenzie. Apart from the benefits to the Treasury, the offshore wind industry in the U.S. could create 80,000 jobs annually from 2025 to 2035.Commissioned by four energy industry groups, American Wind Energy Association (AWEA), National Ocean Industries Association (NOIA)…

29 Jul 2020

Webinar: Floating Production Forecasts & Analysis

© Danial / Adobe Stock

A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering insider access to business and investment opportunities in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis, presented by ABS and World Energy Reports, will be held July 29, 2020, 11 a.m. (EDT). REGISTER HERE.The effects of the COVID-19 crisis and oil supply glut continue to seriously dampen investment appetite in the oil and gas sector…

21 Jul 2020

Webinar: Floating Production Forecasts & Analysis

© sedsembak / Adobe Stock

A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering insider access to business and investment opportunities in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis, presented by ABS and World Energy Reports, will be held July 29, 2020, 11 a.m. (EDT). REGISTER HERE.The effects of the COVID-19 crisis and oil supply glut continue to seriously dampen investment appetite in the oil and gas sector…

02 Jul 2020

Grant Awards Target Safer Shipbreaking

© saintmichel85 / Adobe Stock

Engineering X – an international collaboration founded by the Royal Academy of Engineering and Lloyd’s Register Foundation – has awarded nearly £1 million ($1.2 million) in grants to six projects in the U.K. and overseas aimed at tackling the complex social, environmental and engineering challenges of decommissioning ships and offshore structures.From training to improve worker safety in ship recycling facilities in Bangladesh, to assessing the risks of structural failure of decommissioned offshore structures…

13 May 2020

Tonnage Slips at Port Houston Amid Pandemic

Photo courtesy of Port of Houston

Monthly cargo volumes at Port Houston declined in April as the coronavirus outbreak continued to impact commerce in the U.S. and across the world.Port Houston, the 6th largest container port in the U.S., handled a total of 221,540 twenty-foot equivalent units (TEUs) in April, down 12% from the 252,693 TEUs in April 2019. For the full year, however, Port Houston handled 994,627 TEUs through April, which is 5% more than the first four months of 2019.Total tonnage at Port Houston’s public facilities was down 10% in the month of April at 3,766,756 short tons, a decrease of 3% year-to-date.

13 Apr 2020

US Underestimates Offshore Oil Methane Emissions -Study

© forunner93 / Adobe Stock

Offshore oil and gas drilling operations in the U.S. Gulf of Mexico emit far more methane than government estimates suggest, according to a study released on Monday by the University of Michigan.Drilling platforms emit about half a teragram (Tg) of the planet-warming gas each year, according to the study, which claims to be the first to use aircraft to take direct samples of emissions during normal operations.By contrast, the U.S. Environmental Protection Agengy's Greenhouse Gas Inventory report last year found Gulf offshore platforms emitted about 0.33 Tg of methane…

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.