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Thursday, August 22, 2019

Offshore Energy News

 Image by Highlands and Islands Enterprise

Boost for Scrabster Harbor Project

The second phase in a major upgrade of Scrabster Harbor in Caithness, the North of Scotland, has secured up to GBP3 million investment from Highlands and Islands Enterprise (HIE).The funding will enable the redevelopment of the existing St. Ola pier to create further deep-water infrastructure and meet anticipated demand from cruise ships and offshore energy supply vessels. It will place the port in an ideal position to service activity in the West of Shetland basin.A new piled quay wall and pier deck will be installed to expand the existing pier.

(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…

Photo: Goltens

“Cautious Optimism” for Goltens Dubai

The global downturn in offshore energy is well recorded, a downturn which has had impact on various arms of the energy and marine supply chain. While Goltens has felt the downturn like many other companies, it is reporting 'cautious optimism' in the Middle East premised on new international regulation and the need for shipowners to upgrade ships.Almost all the offshore vessels in Dubai are operating, and many have come in from Asia to do the same, but following the offshore crash in 2016, operators are delaying maintenance.

Image: Associated British Ports

ABB Outlines Future for Lowestoft Port

Associated British Ports (ABP), owner and operator of the Port of Lowestoft, has launched a consultation on the Port of Lowestoft Master Plan, a document that sets out ABP’s future vision for growth and development at the port from now until 2036, inviting stakeholders to have their say on the port’s future.Together with ABP's other two East Anglian ports, King’s Lynn and Ipswich, it contributes £360 million to the UK economy every year, supporting 5,300 jobs nationally.Coupled with ABP’s ongoing investment in its infrastructure…

Image: Port of Tyne

Tyne Port Attracts Offshore Wind Players

The Port of Tyne, which comprises the commercial docks in and around the River Tyne in Tyne and Wear in the northeast of England, is increasing their offer to potential offshore wind manufacturers.Offshore wind could provide 30% of Britain's electricity generation by 2030, and the Port of Tyne is perfectly placed to support this growing renewable sector.Announcing that the ‘Tyne is right’ to utilise its location, within 100 nautical miles of Dogger Bank, Hornsea, Seagreen and Sofia…

Ports Part of Solution, Not the Problem - BPA Chair

Martin Lawlor, Chief Executive at the Port of Blyth and Chair of the British Ports Association: "Ports part of the solution, not the problem on a range of challenges facing the UK."A record turnout of over 300 guests gathered in London today for the British Ports Association’s annual lunch and AGM, which struck an optimistic tone about the role of ports in supporting a range of economic and environmental goals.Maritime Minister Nusrat Ghani MP, speaking at the lunch, said: “Ports are key to the vitality of the UK economy – underpinning regional and national growth.

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…

Martin McDonald, Senior Vice President, ROV Division, Oceaneering International.
Courtesy of Oceaneering International

One-on-One with Martin McDonald, SVP, ROV Division, Oceaneering

Martin McDonald, an industry veteran with more than 35 years under his belt, is responsible for Oceaneering’s global ROV business. With a broad based of ROV experience – from operation to repair to maintenance to management – McDonald shares with MTR his insights on the historical development and future prospects of this high-profile subsea sector.How and when did you know that your career would be in the maritime/subsea industry?I grew up in Fraserburgh, Scotland, a small town 40 miles north of the oilfield city of Aberdeen. Fraserburgh is best known for commercial fishing.

Pic: Lloyd’s Register

LR Chalks Out Energy Growth Strategy

Lloyd’s Register (LR), which ranks as one of the world’s largest providers of professional services for the engineering and technology sectors, has chalked out a new strategy for future growth in the energy market.The firm, which started out in 1760 as a marine classification society and now has more than 7,000 staff globally, said that the first phase of its new global strategy for its energy business to reposition the professional services portfolio for growth through the energy transition…

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…

Nikos Benetis . Photo: LOC Group

LOC Appoints Group Director for Hull, Machinery, Due Diligence Services

London Offshore Consultants (LOC) Group announced the appointment of Nikos Benetis as Group Director of Hull & Machinery and Due Diligence Services.Nikos has been with LOC since 2017, previously in the role of Director of Financial Institution Advisory Services, and takes on his new role as part of the Group’s ongoing initiative to structure its shipping division to reflect the changes in the industry and client’s needs.According to a press release from the marine and engineering consultancy to the world’s shipping and offshore energy industries…

Image: Beacon Offshore Energy

Scott Gutterman to Join Beacon Offshore Energy as Chairman and CEO

Beacon Offshore Energy, wholly owned by funds managed by Blackstone Energy Partners, an affiliate of Blackstone, announced that Scott Gutterman has joined Beacon as its Chairman and Chief Executive Officer.In addition, industry veterans Paul Dailly and John Hollowell have agreed to join Beacon’s Board of Managers, said the exploration and production company focused on exploring, developing, acquiring and operating upstream oil and gas properties in the deepwater Gulf of Mexico.Scott Gutterman brings 40 years of exploration and production experience primarily focused in the GOM.

Dave Thompson, Managing Director. Photo: Subsea Innovation

Subsea Innovation Bags Two Contracts with Royal IHC

Subsea Innovation, the supplier engineered equipment and technology used in the installation of subsea equipment for the offshore oil and gas, has announced two high profile contract wins with Royal IHC, as part of a collaborative framework agreement.A press release from the  offshore energy engineering compmany said that  will be supporting their client Royal IHC Limited on the design, development, manufacture and supply of back deck equipment on two projects to be completed throughout 2018 and 2019."For both projects…

Richard Turner. Photo: IUMI

IUMI Appoints Richard Turner as President

Richard Turner, European Director of Global Risk Solutions at RSA Insurance Group has been elected President of the International Union of Marine Insurance (IUMI).In accordance with the Articles of Association, IUMI’s Council formally elected Richard at their annual meeting which was held today, the final day of the IUMI annual conference in Cape Town. Richard, who has been closely associated with the global marine insurance market for 35 years, will serve a four-year term as…

“This segment is focused on special operations and driven by different rules, so we decided to establish a dedicated expert team to specifically attend to the needs of the offshore market,” said Matthias Mueller, Managing Director of BSM Offshore.

BSM Launches a Offshore Division

In what can be construed as another positive sign for the turnaround of the offshore energy markets, Bernhard Schulte Shipmanagement (BSM) said it has set up a new business unit to focus on the oil and gas and offshore energy renewables markets.“This segment is focused on special operations and driven by different rules, so we decided to establish a dedicated expert team to specifically attend to the needs of the offshore market,” said Matthias Mueller, Managing Director of BSM…

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…

File Image (CREDIT: AdobeStock / © Nightman1965)

Tightening CA Environmental Regs Could Impact West Coast Supply Chains

In a similar fashion to Gulf coast offshore energy producers who, in some instances, must document and count the environmental impact of their third party standby boats, offshore service vessels and other assets, the ports of Long Beach and Los Angeles could soon be burdened with yet another layer of environmental rules. In Southern California, beneficial cargo owners (BCOs) are bracing for yet another set of regulations; this time as a function of cargo transported to and from warehouses and even off-site intermodal rail yards.

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…

 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.

Chinese Shipbuilder Wins Award for Largest Heavy Lifting Vessel

Shanghai Zhenhua Heavy Industries Company has built the largest heavy lifting vessel in the world which can carry up to 12,000 tons. The vessel, which took eight years to design and build, was awarded a special prize at the 19th China International Industry Fair in Shanghai. Seen as a symbol of China's growing engineering prowess in ocean technologies, the Zhenhua 30 was previously tested in front of representatives from ABS class society, domestic and international clients and the Chinese and Korean government.

Photo: Damen Shipyards Group

Damen Shipyards Delivers Vessel to MC2

Damen Shipyards Group has delivered its first vessels to Marine Core & Charter LLC (MC2), a marine services company supporting the offshore energy sector in the Arabian Gulf. This is the first transaction between the two organisations and Damen is delighted to be setting out on what it hopes will be a productive and long-lasting relationship with MC2. The transaction is also a milestone as it represents the first deliveries of the Fast Crew Supplier (FCS) 4008 class, Damen’s latest addition to its FCS range.

(Photos: Crowley)

Crowley Shipping Announces Management Team

Crowley Maritime Corp. appointed four industry veterans to oversee the consolidated lines of business under the recently formed Crowley Shipping group, which provides petroleum and chemical transportation, commercial ship management, offshore energy support and ship assist and tanker escort services in the U.S. and international markets. Crowley said the new business unit structure better aligns vessel operations and services with customers, positioning the company for greater growth and efficiency under Rob Grune, senior vice president and general manager.

Shaharul Rezza. Photo: Bumi Armada Berhad

Encik Rezza Resigns as ED of Bumi Armada Berhad

Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad has announced the resignation of Encik Shaharul Rezza bin Hassan, Executive Director and Head of Offshore Marine Services (OMS) of Bumi Armada Berhad. Encik Rezza will officially relinquish his roles at the Group on the 28 of February 2018. He has requested an early release from the Group to pursue other interests outside the Group. Rezza joined Bumi Armada in September 2005 and prior to his current role as Head of the OMS business, he was the CFO.

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…

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.

Photo: International Union of Marine Insurance

IUMI Cautions about Global Marine Insurance

Against the backdrop of encouraging global economic growth and an improved outlook for the shipping industry, the International Union of Marine Insurance (IUMI) gives expert opinion on the current state of the hull, cargo and offshore energy insurance markets at its Spring Conference in Hamburg. The past three years has seen the frequency of total losses within the global fleet stabilise at 0.13% by number (0.05% by tonnage). This is largely attributable to an improved safety climate, improvements in naval architecture and marine engineering; and more effective regulation.