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Monday, July 22, 2019

Offshore Energy Industry News

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…

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…

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…

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.

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…

 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: Harvey Gulf International Marine)

Harvey Gulf's Formula for Success

A formula for success – in good times and bad: Harvey Gulf International Marine hasn’t deviated from its long term plans and goals, even as the price of oil negatively impacts all sectors. Apparently, this isn’t rocket science. According to Dr. Loren C. Scott, an industry analyst, retired professor and economist from Louisiana State University, U.S. oil production is up 85 percent since 2008 – the highest growth of any country in the world, over that period. Shale oil is largely responsible for that trend…

New Additions Photo courtesy LOC

Two Additions to LOC's Singapore Team

London Offshore Consultants (LOC), a leading global marine and engineering consultancy for the shipping and offshore energy industry, has boosted its presence in Singapore with two new appointments – Mark Board as Marine Consultant, and Dan Niklas Ahlgren as Naval Architect. Mark joined LOC Singapore as Marine Consultant in September 2016. He brings with him experience in bulk carriers, roll on–roll off vessels, FSO’s and container ships. He also has an extensive experience at all ranks on board oil tankers…

Mark McGurran Photo LOC Group

McGurran Leads LOC Group's Hull and Machinery Services

London Offshore Consultants (LOC), a leading global marine and engineering consultancy for the shipping and offshore energy industry, has appointed Mark McGurran as the Group Director for Hull and Machinery Services. “It is with great pleasure that I am able to advise that as from September 2016, Mark McGurran has accepted the role and will continue to be based in Singapore. He will work closely with LOC Group and the regional hub offices in ensuring our continued growth and expansion into this valuable market”, said Nick Haslam, Group Director for Shipping Services of LOC.

Sonnie Groombridge (Photo: Ferguson)

Ferguson Names Groombridge APAC Manager

Ferguson, specialist provider of DNV certified containers, tanks, refrigeration, accommodation and workspace modules to the offshore energy industry, has appointed Sonnie Groombridge to the new role of APAC Business Unit Manager. Based in Perth Australia, Groombridge joined the business in 2011 as the Australian Operations Manager and was then appointed to the position of Australian Business Unit Manager in 2013. In his new role he will be responsible for the company’s activities in the Asia Pacific region, spanning East Asia, South Asia, Southeast Asia and Oceania.

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NOIA Elects McEvoy, Chairman Welch Vice Chair

The National Ocean Industries Association (NOIA) Board of Directors has elected Kevin McEvoy as Chairman and Dave Welch as Vice Chairman for the upcoming 2016-2017 term. McEvoy and Welch assumed their positions at the NOIA Annual Meeting today in Washington, D.C. Since 2011, McEvoy has served as Chief Executive Officer of Oceaneering International, Inc., global provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications.

NOIA Awards Image NOIA

Oceaneering Wins NOIA Safety Award

The National Ocean Industries Association (NOIA) today named Oceaneering International, Inc. as the recipient of the 2016 Safety-in-Seas (SIS) Safety Practice Award. Kevin McEvoy, CEO of Oceaneering International, accepted the award at the NOIA annual meeting in Washington, DC. “We are very pleased to be selected for this prestigious recognition. Through rigorous risk analysis with our customer, we developed multiple redundant, fail-safe systems to safely conduct these complex subsea operations in deep water,” said Kevin McEvoy, CEO of Oceaneering International, Inc.

Technip USA Wins NOIA Safety Award

The National Ocean Industries Association (NOIA) presented Technip USA, Inc. with the 2016 NOIA Safety in Seas (SIS) Culture of Safety Award today during the association’s annual meeting in Washington, D.C. Technip USA won the Culture of Safety Award in recognition of Technip’s Pulse program, a global vehicle for HSE climate change through leadership and communication. “We are honored and delighted to have been selected as the winner of the NOIA 2016 Culture of Safety Award. HSE is essential to our industry and is an absolute priority for Technip.

Photo: RK Offshore

Navig8 Buys RK Offshore

Maritime services provider Navig8 Group has agreed to buy shallow-water contractor RK Offshore Management. Singapore-headquartered Navig8 Group, the world's largest provider of maritime services, announced that it has entered into agreements to acquire Africa-focused RKOffshore Management (RKOM), a fully-integrated provider of marine services to the offshore energy industry. Completion of the acquisitions is subject to a number of conditions precedent which are expected to be satisfied on or before 30 April 2016.

Horizon Marine Adds Three New Hires

Oceanographic services company Horizon Marine, a recent CLS Group acquisition, has brought on three new hires in its Marion, Mass. Office, the company announced today. The Loop Current activity over the past year has cost the industry millions of dollars in nonproductive downtime and delayed the completion of several high-profile installations, Horizon said. According to the company, Michael Leber, Aaron Rosenberg and Drew Gustafson will provide Horizon Marine additional manpower and the necessary depth of skills to continue supporting our EddyWatch, RouteWatch and SurveyWatchsm clients.

Randall Luthi

NOIA: Safety is First Priority Offshore

National Ocean Industries Association (NOIA) president Randall Luthi joined American Petroleum Institute (API) president and CEO Jack Gerard and International Association of Drilling Contractors (IADC) president and CEO Stephen Coleville this morning to discuss improvements in offshore safety since the Macondo Well accident five years ago. Luthi highlighted the importance of offshore safety, addressing  many of the safety enhancements and industry measures that have been adopted since April 20, 2010. “No well is worth the loss of a life, and [the Macondo] tragedy claimed 11.

Safety-in-Seas-awards-2015

SEACOR Marine Sweeps NOIA SIS Awards

The National Ocean Industries Association (NOIA) today presented SEACOR Marine with the 2015 NOIA Safety in Seas (SIS) Culture of Safety Award and Safety Practice Award. This is the first time the same company has won awards in the same year. NOIA added the Culture of Safety award to the competition in 2014. SEACOR Marine won the Culture of Safety Award for their safety culture model which spurred a seven year trend of declining total number of Lost Time Incidents, Medical Treatment Incidents…

Megan Bel Miller

Miller is VP - Government and Political Affairs, NOIA

The National Ocean Industries Association (NOIA) has promoted Megan Bel Miller to Vice President for Government and Political Affairs. She will lead NOIA's Congressional relations and Political Action Committee.Megan joined the NOIA staff in May 2013 as Senior Director, Government & Political Affairs. “Megan’s unparalleled Hill and legislative experience combined with her knowledge of the Gulf of Mexico and the offshore energy industry have greatly benefitted the NOIA membership and staff over the past two years.She has helped further our mission to promote offshore energy access…

Energy IQ

The price of oil: everyone seems to be fixated on it. That’s because it also seemingly drives every aspect of the offshore energy business. This includes OSV day rates, rig utilization, shipbuilding and repair, and yes, manpower recruitment, retention and training. One year ago, the price of Brent Crude Oil was hovering at about $108 per barrel. At press time, the same commodity hovers at $60 per barrel. What a difference a year makes. Nowhere is that pain felt more acutely than in the human resources end of the business, where an estimated 120,000 professionals have gotten pink slips.

SEAZIP OFFSHORE SERVICE GETS OFF TO A SUCCESSFUL START IN THE OFFSHORE OIL AND GAS INDUSTRY

SeaZip Offshore Service Commences Operation

Harlingen-based SeaZip Offshore Service has entered into a partnership agreement with Heerema Marine Contractors (HMC). HMC, the world's market leader in transporting, installing and dismantling offshore oil and gas installations, has contracted service vessel SeaZip 4 for its annual project activities in the North Sea for the coming summer months. SeaZip Offshore Service is thus getting off to a successful start in the international oil and gas industry. Delivered early this year, SeaZip 4 is the fourth Damen Fast Crew Supplier 2610 in the SeaZip Offshore Service fleet.

Courtesy LOC-Paris

LOC Opens Paris Office

LOC, a leading global marine and engineering consultancy for the shipping and offshore energy industry announces the expansion of its European operations with the opening of its Paris office today (4 August 2015). The office is the first LOC operation based in France and is accessibly located in the Tour de l’Horloge at the Gare de Lyon, one of two main Paris train stations. Established to manage both global and local projects for French clients, the office will be supported by…

Team Lamprell collect their award for ‘Improved Corporate Health and Wellness Performance’ at the Daman Corporate Health Awards

Lamprell Wins Daman Corporate Health Award

Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore energy industry is delighted to announce that, last Wednesday 5 November, the Group was declared as a winner at the Daman Corporate Health Awards which took place at the Rosewood Hotel, Abu Dhabi. In total, 47 companies were shortlisted for the finals in 12 different categories. Lamprell won the award for the ‘Improved Corporate Health and Wellness Performance’ category.

Energy Sector Volatility Affects Middle Market M&A Activity

Market volatility for the petroleum sector provides a backdrop to an evolving Merger & Acquisitions environment for the Offshore Sector. In the 3Q edition of Maritime Professional, this series of articles examined the overall evolution of maritime and offshore M&A activity since 2010, tracing the flow of deals in the post-financial crisis era. In this edition, we take a closer look at relevant U.S. offshore energy industry deal flow and market movements as they relate to oil prices over time, and highlight some recent middle market transactions.

David Currie (Photo: JDR)

JDR Appoints Currie as CEO

JDR appointed David Currie as chief executive officer and a member of the board of directors, effective January 12, 2015. Currie brings to the position nearly 30 years’ experience in the global offshore energy industry, most recently the U.K. regional president for Aker Solutions. Previous to that, he spent the bulk of his career at FMC Technologies where he held a range of senior positions, the last of which was director of global subsea operations. Currie will focus on developing JDR’s commercial opportunities…

Ben Billings (Photo: OMSA)

OMSA Opposes McCain Amendment

The Offshore Marine Service Association (OMSA) issued a statement regarding Senator John McCain’s proposal allowing foreign-built vessels to take over marine transportation in the United States, stating the amendment would gut U.S. shipbuilding while outsourcing jobs and security. “Senator McCain has proposed an amendment to eliminate a cornerstone of U.S. maritime policy that dates back to the founding of our nation. The reservation of domestic transportation to U.S.-built vessels ensures the existence and viability of America’s shipbuilding industrial base.