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Monday, July 15, 2019

Energy Industry News

Photo: ERSG

ERSG Appoints USA Offshore Wind

UK energy industry recruitment outfit ERSG has appointed Chris Stupack as head of offshore wind in the United States.Stupack will be leading ERSG's office in Boston, which opened in November last year, where the company will be focusing on supporting the development of the offshore wind market.Chris comes from a strong recruitment background having started in the industry 5 years ago, showing passion and natural aptitude he progressed quickly to a divisional head of energy with his previous employer.US offshore wind power is set to achieve 86…

DP World buys Topaz Energy for $1 bln

Port operator DP World Plc will buy Topaz Energy and Marine Limited for $1 billion from Standard Chartered and Renaissance Services, DP World said on Monday.Topaz is a provider of marine logistics to the global energy industry. The deal is the latest in Asia-focused lender StanChart's efforts to sell its private equity business as part of a broader shift away from direct investing.Reporting By Lawrence White

Isabelle Ryckbost. Photo: ESPO

Ports Push for Smart Europe

European ports have prepared a memorandum emphasising the role port managing bodies can play as facilitators of the port ecosystem in view of the European elections, which will lead to a new Commission, a new European Parliament and a new vision for Europe.The representative body of the port authorities, port associations and port administrations of the seaports of the member states of the European Union and of Norway, European Sea Ports Organisation (ESPO) has prepared a "ESPO memorandum"…

(Photo: Topaz Energy & Marine)

Overcoming Local Crew Challenges

Dubai headquartered offshore support vessel (OSV) company Topaz Energy & Marine provides marine solutions to the global energy industry with primary focus on the Caspian, Middle East, West Africa and Subsea operations in the North Sea and Gulf of MexicoIn 2017, Topaz awarded Worldwide Recruitment Solutions (WRS) a contract as sole provider of managed services, which saw the UK based workforce solutions provider undertake crew management responsibilities for five vessels, all Topaz owned and operated…

Breakbulk Europe Returns to Bremen in 2020

Breakbulk Europe, the world’s largest event for the project cargo and breakbulk industry, will return to Bremen, Germany, for the third consecutive year in 2020 at Messe Bremen from 26-28 May.The official signing took place today at the Bremen Town Hall between Martin Günthner, Minister of Economic Affairs, Labour and Ports of the Federal State of Bremen, Germany, and Nick Davison, Portfolio Director for Breakbulk Events, ITE Group. Joining the two cosigners were Hans Peter Schneider…

The vessel Skandi Captain on its maiden visit to the Port of Lowestoft. Image: Associated British Ports

Skandi Captain's Maiden Visit to Lowestoft

Associated British Ports (ABP) said that its Port of Lowestoft welcomed the Platform Supply Vessel (PSV) the Skandi Captain this week on its maiden call to the port.The visit is the latest in ABP’s partnership with Peterson UK Limited, the major logistics and service provider to the offshore energy industry.The Skandi Captain is the 50th additional call to Lowestoft since the Peterson agreement which was signed in January 2019, bringing vessel visits into the inner harbour on…

Isabelle Ryckbost. Photo: The European Sea Ports Organisation

ESPO Hails EU's Call for $38bln Transport Budget

The European Seaports Organisation (ESPO) said it strongly supports the European Parliament’s call for an increased transport budget of EUR33.5 bn ($38bln).The budget proposed by the European Commission is insufficient to complete the TEN-T network and to invest in a safe, modern and sustainable transport network. Moreover, ESPO believes the proposed EUR10 bn transfer from the Cohesion Fund to Council on the future Connecting Europe Facility (CEF II) should be safeguarded. ESPO…

Pic: Subsea 7 S.A.

Subsea 7 Buys-back Shares

With the market looks upbeat, Luxembourg-based subsea services vessel owner Subsea 7 announced a share buy-back programme."Reflecting Subsea 7’s strong financial and liquidity position and improving market outlook as well as a rebalancing of cash returns to favour share repurchases, the Board of Directors authorised a new share repurchase programme of up to USD 200 million," said a press release from the subsea engineering, construction and services company serving the offshore…

Eamonn O’Reilly, Chairman. Photo: European Seaports Organisation

ESPO Calls for Strengthening Maritime Connectivity at EU Ports

The investment needs of European ports over the next ten years amount to 48 billion EUR. Many port investments score high in creating societal value but the return on investment for the investor, the port managing body, is often low and slow.For these investments, external funding is needed. Ports have only been able to obtain 4% of the CEF transport budget over the last three years. These are the main results from the Study European Seaports Organisation (ESPO) launched in spring…

Image: AET Tankers Pte Ltd

AET and Shell Sign DPST Contract

Shuttle tanker owner AET, a wholly-owned subsidiary of  Malaysia's MISC Group, has won its first contract with Shell in Brazil to time charter one new-build dynamic positioning shuttle tanker (DPST).AET earlier this year sealed a long-term charter for two newbuild LNG-fuelled Aframax tankers with Shell that is set to begin in the fourth quarter of this year.AET President & CEO Capt. Rajalingam Subramaniam said: “Shell has chosen to use our shipping services for many years and…

Photo courtesy of MPA

Montrose Welcomes First Cruise Ship

Montrose Port Authority, a support and service hub for the energy industry, has put Angus on the map as a tourist destination, after welcoming its first ever cruise liner to the port.Greeted by Scottish celebrity piper, Louise Marshall, the MS Hebridean Sky docked at Montrose Port on August 17, carrying 103 passengers as part of an Epic Iceland tour offered by Noble Caledonia.The tourists had the opportunity to visit some of the north-east’s key attractions such as Glamis Castle and Arbroath Abbey…

Image: Subsea 7

Subsea 7 Signs on for FutureOn Planning Software

Norway-based digital technology innovator FutureOn announced a multi-license contract for its Field Activity Planner (FieldAP) software with Subsea 7, a leading global contractor providing engineering, construction and services to the offshore energy industry.“FieldAP brings all the data about the field into one centralized digital environment to help our customers see more about their assets from every vantage point and collaborate meaningfully, which makes it possible for them to make economically prudent planning decisions…

Zineddine Benhadid (Image: CMR Group)

CMR Names Benhadid MD in Tunisia

CMR Group, the global Instrumentation Control and Automation specialists on energy, industry and marine, has appointed Zineddine Benhadid to lead its Tunisia manufacturing operation and oversee the development of its activities across the Region, meeting the growing demand for its advanced engine wiring harnesses, temperature sensors and integrated control system solutions.With extensive manufacturing and management experience gained at several groups, including Valeo, Asteelflash, and Cofitel, Zineddine Benhadid will manage the 340-strong team at CMR facility in Tunis.

© Dale Stagg / Adobe Stock

China Surprises with Threat on US Energy Exports

Beijing surprised oil markets with threats to levy tariffs on imports of U.S. crude oil, natural gas and other energy products on Friday, just as China has risen to the top of the list of importers of oil from the United States.China responded to $50 billion in tariffs imposed by U.S. President Donald Trump with a similar amount of levies on a variety of U.S. goods. But China also said it would impose tariffs on U.S. energy products, which analysts considered a surprise as previous tariff threats had centered on agricultural goods and automobiles."This is a big deal.

Nik Scott-Gray (Photo: Montrose Port Authority)

Montrose Port Receives $2 Mln Investment

Montrose Port Authority, a support and service hub for the energy industry, has received a £1.5 million ($2 million) Ports Mode Shift Grant from the Scottish Government.Following on from a period of significant investment for Montrose Port Authority, the funding feeds into the port’s strategic growth plans which will allow larger cargo vessels to dock in Montrose.The Grant will support the development of two new North quaysides – berths seven west and eight. This will increase the port’s capacity…

Derek Lynch joins Sonardyne International Ltd. UK, as its new Global Business Manager for Marine Vessel Systems (Photo: Sonardyne)

Sonardyne Hires Lynch

Navigation and positioning technology company Sonardyne International Ltd. UK, has appointed Derek Lynch as its new Global Business Manager for Marine Vessel Systems, with immediate effect.Lynch brings with him more than 25 years of experience working within the offshore energy, maritime and naval sectors. A former serviceman in the RAF and licensed avionics engineer, Lynch has held senior management positions with several technology companies involved in positioning, navigation and vessel control systems…

Acta-Auriga-on-sea-trial Photo Ulstein Group

Acta Marine’s Newbuild Completes Sea Trials

The SOV W2W vessel Acta Auriga, currently under construction at Ulstein Verft, Norway for owner Acta Marine, has successfully completed sea trials. The walk-to-work vessel is custom-designed for the offshore energy industry. Together with a 3D crane, SMST gangway and elevator tower, and the X-BOW and X-STERN design solutions, the vessel will break new grounds in workability, in-field agility, offshore logistics and comfort on board for 120 persons combined with a low fuel consumption, the builder said.

Courtesy Teekay

Changes at Teekay's top deck

Teekay Tankers Ltd. • Richard D. Paterson has been appointed as the new Chair of the Audit Committee, effective March 15, 2018. • William Lawes has stepped down as Audit Committee Chair, but remains on the Audit Committee and Board. Mr. Paterson joined the Board of Directors of Teekay Tankers on August 1, 2017. He is a certified public accountant who retired from PriceWaterhouseCoopers LLP (PwC) in 2011 after 37 years of service. At the time of his retirement, Mr. Paterson served as the global leader of PwC’s Consumer…

Board Changes at Teekay Corporation

Teekay Corporation announced changes to its Board of Directors. Alan Semple has been appointed as the new Chair of the Audit Committee following the retirement of Eileen A. Mercier effective March 12, 2018. Semple joined the Teekay Board and its Audit Committee in 2015. He has over 30 years of finance and energy industry experience, including as Director and Chief Financial Officer at John Wood Group PLC until his retirement in May 2015. Semple currently also serves on the Board of Cobham PLC, where he is the Chair of its Audit Committee.

Peter Brun, Global Offshore Wind Segment Leader. Photo: DNV GL

DNV GL Appoints Peter Brun as New Global Offshore Wind Segment Leader

DNV GL, the world’s largest independent energy advisory and certification body, has appointed wind energy professional Peter Brun as Global Offshore Wind Segment Leader. Brun is responsible for stakeholder management, alliance building and promoting offshore wind development throughout the world. Brun brings more than 26 years of experience in the wind energy industry and international diplomacy. His rich and varied expertise in the wind industry, includes holding dual Vice Chairman roles at EWEA (now WindEurope) and Global Wind Energy Council (GWEC) between 2009 to 2013.

SEVEN FALCON. Photo: Subsea 7

Subsea 7 to Invest in Xodus Group

Leading global contractor in seabed-to-surface engineering, construction and services to the offshore energy industry Subsea 7 S.A. and Chiyoda Corporation announced that Subsea 7 has agreed to acquire a 60% holding in Xodus Group, a leading energy consultancy, from Chiyoda. Yokohama-based Chiyoda, which provides services in the fields of engineering, procurement and construction on a global basis for gas processing, will retain a 40% holding as a joint venture partner. This investment…

© Evren Kalinbacak / Adobe Stock

IMO Orders Fuels of the Future

The new sulfur, carbon dioxide limits will demand precise understanding by ship owners and operators. Globally, new regulations are coming into effect governing the Sulfur Oxide (SOx) limits and CO2 emissions. The International Maritime Organization (IMO) has updated the maximum amount of SOx allowed in fuels and the European Commission is introducing new reporting requirements to monitor CO2 emissions. Understanding the impacts of these changes on ship owners and operators is critical given the market conditions for maritime services.

Photo: Tellurian Inc.

Tellurian Fixes Maran LNG Carrier

A wholly-owned subsidiary of Tellurian has entered into a six-month time charter contract with Maran Gas Maritime for a liquefied natural gas (LNG) tanker, the Maran Gas Mystras. Tellurian took delivery of the tanker at Galle, Sri Lanka on October 1, 2017. President and CEO Meg Gentle said, "At Tellurian, we are building a global natural gas business and proactively shaping the company to build long term value amid a robust and dynamic market. As winter approaches, we will begin buying and delivering LNG on the Maran Gas Mystras, one of the most efficient vessels in the Maran Gas fleet.

Nik Scott-Gray (Photo: Montrose Port Authority)

Record-breaking Month for Montrose Port Authority

Montrose Port Authority has celebrated a record-breaking month due to increased commercial vessel activity. The leading support and service hub for the energy industry, announced 337,000 tonnes of shipping activity during August 2017; beating its previous record by an additional 100,000 tonnes. Nik Scott-Gray, chief executive at Montrose Port Authority, said: “Last month’s results are a clear indication of the importance of our position within the North Sea’s energy industry, and within the general cargo market.

 Normand Oceanic. Photo: Subsea 7 S.A.

Subsea 7 Acquires Normand Oceanic

Subsea 7 S.A. has announced an agreement to acquire the remaining 50% shareholdings in its equity accounted joint ventures, Normand Oceanic AS and Normand Oceanic Chartering AS, from Solstad Farstad ASA for a nominal cash consideration. Effective from the date of the transaction, the Group will become the sole owner of Normand Oceanic, a flex-lay and heavy construction vessel that is being managed by Solstad Farstad while under long-term charter to a third party. The Group will assume all obligations related to an outstanding loan of approximately $100 million.

Photo: ABS

ABS Approves Hyundai Heavy's FPSO Hull Design

South Korean shipbuilder Hyundai Heavy Industries (HHI) has received an Approval in Principle (AIP) for its floating production storage and offloading (FPSO) hull design from classification society ABS. “As the offshore industry strives to design more cost-effective production units, ABS remains committed to evaluating novel designs that meet our class standards,” says ABS Executive Vice President, Global Offshore Ken Richardson. “The Newbuilding Conversion FPSO hull design can be built for about half the cost as compared to a conventional FPSO hull…