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Wednesday, May 27, 2020

Gas Industry News

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Saipem Inks Deal with Equinor on Floating Solar Farm Tech

Italy's Saipem has reached an agreement with Norway's Equinor to develop technology to build floating solar power farms close to the coast, the energy contractor said.The agreement is between Saipem's high-value services unit Moss Maritime and the Norwegian energy firm."The agreement with Equinor goes in the direction taken by Saipem and Moss Maritime to develop new technologies related to clean energy," said Moss Maritime Chief Executive Ida Husem.Saipem, a market leader in subsea construction for the oil and gas industry…

(L-R) Harry Gandhi and Mike Pugh. Photo: Unique Group

Unique Group Acquires APAC Marine Unit

Integrated marine and subsea solutions provider Unique Group has announced the acquisition of the Australian-company Western Advance’s Marine Division.The provider of services and solutions for the offshore, subsea and life support industries also announced the appointment of Chris Forde as its new regional vice-president.Western Advance’s integration with Unique Group ties in with the Group’s strategy to enhance its portfolio of autonomous solutions for marine, offshore and subsea industry operations in the region.Harry Gandhi…

Liquefied natural gas (LNG) being transferred into a container at JAXPORT. (Photo: JAXPORTl)

Florida Ports Leading the Way on Maritime Alternative Fuels

Florida's seaports and industry partners are investing in innovations to be more efficient and effective, including the implementation of environmentally friendly, less costly, domestically-produced natural gas as an alternative fuel, a recent report outlined.“Florida ports are leading the way in moving to cleaner, alternative energy sources, bringing tremendous environmental benefits to our transportation systems and our communities,” said Dr. Julia Nesheiwat, Florida’s Chief Resilience Officer under Gov.

Image: Borr Drilling Limited

Borr Drilling Appoints Neil Glass as Director

International drilling contractor to the oil and gas industry Borr Drilling Limited announced the appointment of Mr. Neil Glass as a new director of the Board.Glass graduated from the University of Alberta in 1983 with a degree in Business. He is a member of both the Chartered Professional Accountants of Bermuda and of Alberta, Canada, and is a Chartered Director and Fellow of the Institute of Directors.Glass worked for Ernst & Young for eleven years: seven years with the Edmonton, Canada office and four years with the Bermuda office.

Image: Royal Boskalis Westminster

Boskalis Completes Horizon Acquisition

Dutch dredging and heavylift company Royal Boskalis Westminster has acquired the remaining 37.5% in the United Arab Emirates’s Horizon Group, a company specializing in the provision of marine geophysical surveys and geotechnical services.Earlier this year, Boskalis already acquired 62.5% of the shares. The 2019 revenue is expected to exceed USD 100 million and the activities will be consolidated as of 2020.Following this transaction, Boskalis will be able to optimize its successful…

Brian Mercer  (Photo: Semco Maritime Ltd.)

Semco Appoints Mercer as Managing Director

Semco Maritime Ltd. has appointed Brian Mercer new Managing Director in the UK. Brian Mercer has taken up the position as Managing Director based on a diverse background with more than 30 years of experience covering oil & gas, aeronautical engineering, project and program management, operations and maintenance management and asset integrity. He holdsa Bachelor of Science degree in physics from the Heriot-Watt University, a Master of Arts degree in defense studies from the King’s College London and is a chartered engineer.Since 2005…

Image: Damen Group

Albwardy Damen in Pact with Heila Cranes

UAE-based Albwardy Damen has signed a service agreement with the provider of heavy-duty marine cranes Heila Cranes. Many of the vessels that Damen builds and maintains are fitted with cranes manufactured by the Italian company.The Dutch shipbuilding group said in a press release that the new service agreement between the two companies will enable Albwardy Damen to ensure that the Heila cranes on board its customers’ vessels operating in the region are guaranteed top quality, through…

Image: BW Offshore

BW Offshore Completes Bond Issue

BW Offshore, a provider of floating production services to the oil and gas industry, has successfully completed a NOK 900 million senior unsecured bond issue with a coupon of three months NIBOR + 4.50% and maturity in December 2023.The Oslo Stock Exchange-listed company said that the settlement of the new bond issue is scheduled for 4 December 2019.The existing NOK bonds have either been repurchased as part of the offering or will be called with settlement mid-January 2020.In combination with the USD 297.4 million convertible bond issue announced on 5 November 2019…

Pic: Rystad Energy

Oil Majors to Raise $27Bln in Selling Spree

Global giants of the oil and gas industry – the so-called supermajors – are looking to sell assets that could fetch a total of $27.5 billion, according to Rystad Energy’s latest assessment.These companies are actively shedding mature assets on a massive scale in a bid to finance higher-yielding investments elsewhere, with the added benefit of pleasing shareholders who are calling for stricter capital discipline.“The expected transactions mean some of the majors are poised to exit certain regions…

Saudi Aramco delivers crude oil cargo at Pengerang Deepwater Terminal 2 in Malaysia. Photo: Saudi Aramco

Aramco Signs 34 EPC Contracts Worth $18bn

Saudi Aramco has signed 34 engineering, procurement and construction (EPC) related contracts (worth over US$18bn) for projects such as the Marjan and Berri field incremental development program in Saudi Arabia, during Q3 2019, according to GlobalData.The most important is ADNOC’s US$3.6bn contract for the supply of one million metric tons of casing and tubing to support exploration and production activity in United Arab Emirates (UAE).The global oil and gas industry has witnessed a substantial boost from those contracts activity in the Middle East…

Kristian Kaasing Larsen (Photo: VMS Group)

VMS Group Expands into West Africa

The Danish maritime service company VMS Group A/S expands into West Africa opening a workshop in Walvis Bay, Namibia. A favorable location combined with a rapidly growing offshore market and fishing fleet creates huge potential for a strong, maritime cluster in this region.Being the only port with service facilities between Cape Town, South Africa, and the Canary Islands, Walvis Bay on the Namibian west coast is a key area for marine traffic in the Eastern Atlantic. This is the reason why VMS Group…

Image: EMAS Offshore Limited

Emas Goes Under Judicial Management

EMAS Offshore, a global offshore contractor and provider of integrated offshore solutions to the oil and gas industry, said that its July application to be placed under judicial management approved by High Court of Singapore.According to a press note, the Court had granted the judicial management application on October 21, 2019.Goh Thien Phong and Chan Kheng Tek of PricewaterhouseCoopers Advisory Services (PWC) have been appointed judicial managers and will seek to achieve the survival of the company…

Photo courtesy of Seagull Maritime

Seagull Maritime Acquires COEX

Onboard training provider Seagull Maritime acquires 50% of the shares in COEX. COEX, based in Bergen, Norway, are delivering solutions within General Document Management, HSEQ and Procedures, Project Management and Personnel Management for the Maritime and Oil & Gas Industry.“Information overflow” is a well-known problem for most companies today. The volume of unstructured information, like documents, e-mail, pictures are doubled every 12 months. The COEX solutions are ensuring that customers gain control over their data and can set up automated workflows…

Hee-Bong Chae and Alexey Miller at meeting. Photo: Gazprom

Gazprom, Kogas for Tighter LNG Cooperation

Russian oil and gas company Gazprom Neft has announced that a working meeting has been held between Alexey Miller, Chairman of the Gazprom Management Committee, and Hee-Bong Chae, President and Chief Executive of KOGAS.The meeting participants reviewed the state and prospects of cooperation between the companies, highlighting the stability of LNG supplies under the contract between Sakhalin Energy Investment Company Ltd. and KOGAS.The parties expressed interest in further expanding…

The next big thing on fuels is LNG. We are a long way from identifying a fuel which offers the same viability, in terms of infrastructure, beyond LNG at the moment. LNG is the necessary bridge which is getting us closer to a carbon neutral future.

Interview: Rolf Stiefel, Winterthur G&D

The May 2019 edition of Maritime Reporter & Engineering News features a 10-page feature section on "Thought Leadership" in the marine power sector. Here we extract and present the interview with Rolf Stiefel, Vice President Sales, Winterthur Gas & Diesel Ltd., in its entirety.Please put in perspective and discuss – using your career as the time span – the current environment and pressure to reduce emissions in the maritime industry.When I started in the marine industry (coming from the power generation markets) back in the early 2000’s…

(File photo; Sea Trucks Group)

Compliant & Efficient Solutions for Telford Offshore

In July 2015, Worldwide Recruitment Solutions (WRS) was awarded the contract as a provider of managed services for Telford Offshore (previously Sea Trucks Group). As a rostered managed services provider tasked with providing all contract manpower requirements and associated mobilization and HR services, WRS undertook responsibility for two DP3 accommodation vessels and one DP2 multipurpose support vessels (MPSV), working in the offshore oil and gas industry in Brazil, Mexico and Nigeria.A combination of factors created challenges to the success of these projects…

Image: Geoquip Marine

Geoquip Marine Names Laloe as Director

Switzerland-headquartered  geotechnical engineering and offshore drilling company Geoquip Marine has announced the appointment of industry veteran Jean-Luc Laloe to its Board of Directors.Jean-Luc, who has almost 40 years of experience in the offshore oil and gas industry, has joined as an independent non-Executive Director.Jean-Luc originally entered the Offshore Engineering and Construction industry in 1980 and in the course of his career he has worked with Technip, Stolt Offshore, and Acergy /Subsea 7.

Image: BW Offshore

Brazil Okays BW Offshore's Oilfield Buy

Norwegean provider of floating production services to the oil and gas industry BW Offshore has won approval from Brazilian oil regulator ANP for the purchase of the Maromba oilfield, part of the Oslo-listed company's plan to become an operator and not just a supplier of oil services, platforms and ships.The purchase, from Chevron Corp and Petrobras, extends BW's operations in Brazil, where it already has two floating production, storage and offloading (FPSO) units.“We are proud to announce that our subsidiary BW Energy has been approved by the razilian National Agency of Petroleum…

David DeVilbiss (Photo: Glosten)

DeVilbiss Joins Glosten

Glosten announced the hiring of David DeVilbiss, who will join Glosten’s Marine Construction group as a Senior Marine Consultant.Formerly Vice President of Marine Casualty & Emergency Response at Global Diving & Salvage, Inc., DeVilbiss oversaw all marine casualty and emergency response operations throughout all operating regions. He brings over 25 years of marine industry experience ranging from vessels, marine infrastructure, and the oil and gas industry.DeVilbiss attended Le Tourneau University (Mechanical Engineering)…

Marc Clayton (Photo: Dan-Bunkering)

Dan-Bunkering Staff Changes in Houston

Dan-Bunkering (America) has announced the promotion and employment of two staff members.William Cline was recently promoted to Team Leader Offshore Division. William was hired as Bunker Trader back in 2014 and has since his employment demonstrated excellent skills, especially within the offshore sector where he has been one of the key contributors to Dan-Bunkering’s growth within this particular market. As the company has clear intentions of further positioning its presence in the sector…

Image: Anek Lines

Telenor Maritime, Anek Lines Sign Pact

Greek passenger shipping company Anek Lines has partnered with Telenor Maritime, which builds 4G coverage offshore to support the oil & gas industry,  to upgrade the mobile ecosystem onboard all its ships.The connectivity platform with Mobile, Premium Wi-Fi, Ka-VSAT and mobile broadband backhaul improves the complete digital value chain with services enhancing operational efficiency and the passenger’s onboard experience.Lars Erik Lunøe, CEO of Telenor Maritime said: "This is an important step for Telenor Maritime’s service-expansion into the Mediterranean…

Photo: DP World

DP World Set to Acquire Topaz Energy

The world’s largest port operator DP World is in advanced discussions to acquire Topaz Energy & Marine, marking the Dubai-based company's first potential foray into the oil and gas industry.Britain’s Sky News, citing sources, earlier reported that a $1.3 billion deal for DP World to take over Topaz could be announced as early as Monday. The report didn't specify whether the valuation was referring to the equity or enterprise value of the transaction.However, Bloomberg reported that the port operator is in “very advanced” discussions to acquire Topaz Energy.

Image: Bristow Group

Bristow Files for Chapter 11 Bankruptcy

Offshore helicopter services provider Bristow Group filed for chapter 11 bankruptcy protection after reaching a deal with senior bondholders on a plan to slash its debt load.The struggling Houston-based helicopter operator for offshore oil and gas industry looks to cut debt after reaching deal with senior bondholders, as it attempts to restructure its crippling debt load.The Chapter 11 filing, dated 11 May, covers only six US- and two Cayman Islands-registered businesses, with…

Photo courtesy of ABS

ABS, MOL in Landmark Gas Carrier Pact

ABS and Mitsui O.S.K. Lines Ltd. (MOL) have signed a Memorandum of Understanding (MOU) to collaborate on up to 14 new gas carriers.The agreement covers seven new-build Very Large Ethane Carriers (VLEC) and up to seven new-build Liquefied Natural Gas Carriers (LNGC) designed to carry gas from the U.S. to China and other global markets.ABS will provide plan review, survey, inspection and other classification services for vessels, machinery and equipment as well as assist with managing the requirements for foreign flag carriers calling at U.S.

(Left to Right): Mark Fraser – CEO, Mark Cowieson – Services Director, Oteac Ltd and Gareth Forbes - CFO (Photo: Nucore Group)

Two Directors Appointed at Nucore Group

Nucore Group, based in Aberdeen, has announced the appointment of two new directors to the business, CFO for Nucore Group and Services Director for Oteac Ltd with immediate effect.Operating internationally Nucore Group brings together the knowledge, expertise and best practice to deliver innovative engineering for protecting people and assets. The group supports the oil and gas, marine, renewable energy and petrochemical industries, as well as large private and public sector clients…

Jim Schnieders. Photo: Black & Veatch

FLNG Innovations Boost Gas Industry Growth

Liquefied natural gas (LNG) technologies, such as floating LNG (FLNG) innovations, driven by its shorter construction lead times and lower capital investment costs, are increasingly becoming a viable option for increased gas deployments.FLNG helps mitigate siting constraints that shore-based infrastructure may face, pointed out the Kansas City-based engineering firm Black & Veatch.The provider of engineering, procurement and construction (EPC) services for energy also stressed…