Global Piracy Up in 2018, Gulf of Guinea Leads
Piracy increased on the world’s seas in 2018, with a marked rise in attacks against ships and crews around West Africa, the International Chamber of Commerce’s International Maritime Bureau’s (IMB) latest annual piracy report reveals.Worldwide, the IMB Piracy Reporting Centre (PRC) recorded 201 incidents of maritime piracy and armed robbery in 2018, up from 180 in 2017.The Gulf of Guinea remains increasingly dangerous for seafarers. Reports of attacks in waters between the Ivory Coast and the Democratic Republic of Congo more than doubled in 2018…
US to Become Third Largest LNG Exporter in 2019
The coming year is expected to make the U.S. the third largest exporter of liquefied natural gas (LNG) in the world, creating jobs stateside while reducing emissions and providing reliable energy to countries around the world, said American Petroleum Institute (API).API, Center for LNG, and LNG Allies, the three national trade associations specializing in U.S. LNG, today issued a first-of-its-kind joint statement on the extraordinary developments expected in U.S. LNG in 2019.Todd Snitchler…
Evac Acquires Transvac Systems
The cleantech solution company Evac has acquired the provider of ballast water treatment systems for ships and offshore platforms Transvac Systems.This is another important step forward for Evac who expanded their global operations by acquiring Cathelco, the UK manufacturers of equipment for ships in May 2018.Evac continue to build their reputation on the supply of integrated water and waste management systems for ships, offshore platforms and buildings worldwide resulting in…
Soldier-run PDVSA and AWOL Oil Output
Last July 6, Major General Manuel Quevedo joined his wife, a Catholic priest and a gathering of oil workers in prayer in a conference room at the headquarters of Petroleos de Venezuela SA, or PDVSA.The career military officer, who for the past year has been boss at the troubled state-owned oil company, was at no ordinary mass. The gathering, rather, was a ceremony at which he and other senior oil ministry officials asked God to boost oil output."This place of peace and spirituality…
Laborde Marine Announces Management Changes
New Orleans-based offshore oil industry service provider Laborde Marine Management announced that Ashton P. Laborde has been appointed as President of the Company effective January 1, 2019. Laborde joined the Company in 2007 and most recently served as Director of Marketing. Throughout his career at Laborde Marine, Ashton has held various positions of increasing importance in operations. The marine company which owns or operates a fleet of 25 vessels also annouced that John Peter Laborde, III, has joined the Company as Director of Finance.
The Top 10 Maritime Stories for 2018
Choosing the ‘top stories of 2018’ was, this year, a difficult task. Many compelling story threads played out, dramatically impacting the North American waterfront, and in particular, the workboat sector – each in their own unique way. Read on to find out how and why.Autonomous Vessels: Ready or Not, Here They ComeFuturistic, remote-controlled autonomous marine vehicles aren’t coming. They are here. As the pace of change quickens, autonomous vessels are already providing service and value on the water.
BY THE NUMBERS - Offshore Supply Vessels: Balanced Continued Pressure with Gradual Recovery
Global consulting firm AlixPartners, in a new paper entitled, “Too many ships, too few rigs: why recovery is still a distant dream for the OSV sector,” warns that companies counting on a quick return to stability in the OSV sector are in for a rude awakening.The September report goes on to say that OSV companies continue to face pressure due to a radically changed oil industry and must take quick and decisive action in order to survive in what should be considered the ‘new normal.’Separately…
IOPC Funds Is Now 40!
The International Oil Pollution Compensation Funds (IOPC) have provided help in 150 oil spill incidents since its inception in 1978. Denmark has been a member of these crucial organisations since the beginning.According to a release from Danish Maritime Authority (DMA), IOPC-funds began with the Torrey Canyon oil spill disaster in 1967, which clearly demonstrated the need for an effective international regime to pay for the massive damage caused by major oil spills.Director, Maritime Regulation and Legal Affairs in the DMA…
Corpus Christi Port to Build Oil Export Terminal
Port to build oil export terminalPrivate equity firm Carlyle Group will partner with the Port of Corpus Christi, the top oil export hub in the United States, to develop a major crude oil export terminal on Harbor Island.Carlyle's announcement comes as infrastructure in the U.S. oil industry struggles to keep up with record levels of production, driven by the Permian shale patch in West Texas. Both international buyers and American producers are waiting for export capacity to increase.Corpus Christi has its own plan to expand operations to handle larger export tankers.
Maritime Rule Change Stirs Fears of Diesel Shortage: Kemp
The International Maritime Organization (IMO) has so far resisted pressure to soften or postpone the implementation of new regulations requiring ships to use bunker fuels with a lower sulphur content from the start of 2020.That has prompted warnings from some analysts that the regulations will squeeze the availability of low-sulphur diesel and jet kerosene required by trucks, trains, aircraft, farmers and industry, resulting in big price increases.The regulations and any associated rise in fuel prices will occur in the run up to the next U.S.
Kvaerner Eyes Growth, Mergers as Profits Decline
Kvaerner, a Norwegian builder of oil platforms, aims to increase its revenue by some 40 percent by 2022 by expanding abroad, the company said on Tuesday after reporting a sharp decline in third-quarter earnings that drove down its shares.Kvaerner's quarterly earnings before interest, tax, depreciation and amortization (EBITDA) fell to 76 million crowns ($9.19 million) from 245 million crowns a year ago."In a period where some recently awarded projects are not yet recognising margin and with less effects from milestones and incentives in other projects, this influences EBITDA and margins, as ex
Wintershall CEO Meets Norwegian Prime Minister on Growth Plans
Mario Mehren, CEO of Wintershall, Germany's largest crude oil and natural gas producer, has presented Wintershall’s growth plans in Norway during a visit by Norway's Prime Minister, Erna Solberg, to Berlin.Mehren announced a further increase in production during a discussion with the Prime Minister and representatives of German energy politics and the energy industry, which was held at the Norwegian Embassy."It has become clear during the last few weeks that Wintershall and DEA will become the company Wintershall DEA within the next year.
Chevron becomes first oil major to exit Norway
U.S. oil firm Chevron will become the first oil major to formally exit the Norwegian continental shelf (NCS) as it transfers its last stake in an exploration license, according to a government letter.Oil majors, including Exxon Mobil, BP and Shell, have scaled down their presence in Norway by selling or merging their assets in the mature region to focus on new growth opportunities elsewhere.Chevron is also seeking to sell assets in the British North Sea in order to focus on growing U.S.
Dynamically Positioned for the Future
OSVDPA accredits Texas A&M Maritime Academy to provide dynamic positioning (DP) training to its cadets.In early September, the Offshore Service Vessel Dynamic Positioning Authority (OSVDPA) announced that the Texas A&M Maritime Academy at Texas A&M University at Galveston was now the first maritime academy in the nation accredited to provide OSVDPA courses to its cadets. For any U.S. maritime academy, most if not all of them traditionally focused on sending out graduates ready for blue water, deep water service, this represents a sea change in training.
China Ministry Seeks Feedback on LNG as Marine Fuel
China's Ministry of Transport said on Friday it is soliciting feedback from oil companies, shipowners' and port associations, and marine authorities for a plan to use liquefied natural gas (LNG) as a marine bunker fuel.China will expedite the planning and siting of key berths for LNG tankers in the Bohai Bay area of northern China, as well as along its main rivers, the ministry said.The ministry has asked companies and agencies to give feedback by Aug.
New Book Release: Why Only Two FPSOs in the U.S. Gulf of Mexico?
The Late Start and Twenty Year Saga.More than 40 years have passed since the trailblazing Shell Castellon started operation as the first floating production storage and offloading (FPSO) unit in 1977. Ever since, hundreds of these vessels have operated worldwide, and the oil industry has reaped their benefits. Despite continued international popularity and dominance, compelling advantages, and technological advancements, the adoption of FPSOs has faced particular challenges in the U.S. Gulf of Mexico, where there have been only two FPSOs to date.
UAE's Adnoc Awards USD 1.6bln Contract to China’s CNPC
The Abu Dhabi National Oil Company (ADNOC) has awarded contracts worth AED 5.88bn (US $1.6bn) for the world’s largest continuous 3D onshore and offshore seismic survey, covering an area up to 53,000 square kilometres, as the company continues to identify and unlock new opportunities and maximize value from its hydrocarbon resources and deliver on its 2030 smart growth strategy.Adding to the 2D and 3D seismic data already acquired across Abu Dhabi, the new seismic survey will cover an area of up to 30…
Odfjell Says It Will Not Install Scrubbers
Chemical tanker firm Odfjell said it will not invest in scrubbers to clean fuel on its vessels to comply with new stricter emission rules from 2020 but instead buy fuel which meets the new standards.To combat air pollution, the International Maritime Organization (IMO), the United Nations' shipping agency, has set global regulations to cap the sulphur content in marine fuel, known as bunkers, at 0.5 percent, down from 3.5 percent now.Shipowners can either install scrubbers, which clean the cheaper high sulphur fuel oil, or buy costlier marine gasoil."Our conclusion for the moment is that it do
Guyana Puts Oil Auctions on Hold
Guyana has put planned oil auctions on hold as the impoverished South American country works to establish a Department of Energy to oversee the energy boom, Minister of State Joseph Harmon said on Monday.Since 1999, Guyana has awarded a group led by Exxon Mobil Corp hundreds of oil blocks along Guyana's maritime borders with Venezuela and Suriname. Their finds are turning Guyana, a country with no history of oil production and relaxed energy regulation, into one of Latin America's hottest prospects for oil investments.Exxon…
The New York Bight – a Hydra of Difficult Issues
The greening of America’s energy signature will not come without the usual discussions, regulatory oversight – and opposition from a raft of special interests.Amidst an atmosphere of possible resurgence in the domestic offshore oil energy, maritime stakeholders are also reminded that there is more than one kind of energy available for development off the four collective coasts of the United States. That process is underway in the Great Lakes; it has already happened off of New England.
INSIGHTS: Thomas S. Chance, Chief Executive Officer, ASV Global
Thomas Chance founded C & C Technologies in his home in 1992. Today C & C is a global oil field surveying and mapping company with more than 550 employees in ten offices worldwide. C & C was the first company in the world to offer autonomous underwater vehicle (AUV) survey services to the oil industry and remains a world leader in the field. In April of 2015, he sold C & C Technologies to Oceaneering International. Complementing the autonomous underwater vehicle business, Mr. Chance started Autonomous Surface Vehicles, Ltd., or ASV, in 2010.
Aker Bets on Software Engineers for Its Oil Business
When the owners of Norwegian oil firm Aker BP decided to digitise its assets and operations, they searched high and low for the right software company. But they failed to find a suitable one.So instead they set up their own, Cognite, to create digital maps of Aker BP's oil industry assets, integrating data from equipment such as pumps, heat and pressure sensors, maintenance records and even staff rotas to improve efficiency and safety.Less than two years later, Cognite is selling its software to Aker BP's rivals and one competitor…
Hapag-Lloyd on 2020 Low Sulphur Fuel
LSF2020 refers to the new “Low Sulfur Fuel” regulations, which will come into effect on 1 January 2020.These regulations are the biggest of a series of steps by the International Maritime Organisation (IMO) to reduce marine pollution (MARPOL) in response to the threat of climate change.The LSF2020 emission regulations mean ships will have to significantly reduce emissions on the high seas as well as in coastal areas. This change does not only concern Hapag-Lloyd but it challenges the entire shipping industry.