Kongsberg Digital Acquires a Share of NSG Digital
Kongsberg Digital and NSG Digital have collaborated since the beginning of 2017 on developing a new logistics system called NSG E2E. Kongsberg Digital is purchasing a 34 percent ownership share in NSG Digital, a subsidiary of the supply base and logistics company NorSea Group. NorSea Group, controlled by Wilhelmsen, is joining forces with Kongsberg Digital to digitalize the supply chain in the oil and gas and offshore wind industries. Kongsberg Digital and NSG Digital have collaborated since the beginning of 2017 on developing a new logistics system called NSG E2E.
ABS Partnership Enhances Safety in Ghana’s Offshore Industry
ABS, a leading provider of classification and technical services to the marine and offshore industries, formed a joint venture with Notabene Classification Limited to offer regulatory and technical support services, including key classification services to the upstream oil and gas market in Ghana. “This joint venture is an important milestone and demonstrates our strong commitment to advancing safety in all parts of the globe,” said ABS Executive Vice President, Global Offshore, Kenneth Richardson.
Hopkins Named Managing Director at Harris Pye UK
Nigel Hopkins has been appointed Managing Director of Harris Pye UK Ltd based at the company’s headquarters in Llandow in Wales. He joined Harris Pye on May 1 this year working alongside Dave Hayden, the company’s retiring Managing Director at the Harris Pye UK headquarters in Llandow, South Wales before officially taking over from Dave Hayden on October 1, 2017. Nigel Hopkins started his engineering career in the merchant navy spending 13 years sailing on a variety of vessels including oil tankers…
CNOOC Mulls LNG Vessel Orders
CNOOC has it in mind to order 14 medium & small-sized LNG ships from Chinese shipyards. The Group is China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world. It mainly engages in exploration, development, production and sales of oil and natural gas. The Group’s core operation areas are Bohai, Western South China Sea, Eastern South China Sea and East China Sea in offshore China. In overseas, the Group has oil and gas assets in Asia, Africa, North America, South America and Oceania.
Gulf Marine Eyes Acquisitions
Gulf Marine Services (GMS), the leading provider of advanced self-propelled self-elevating support vessels (SESVs) serving the offshore oil, gas and renewable energy sectors, is looking at acquisitions due to opportunities in the market, reported Gulf News. GMS, which supports the oil and gas and renewable energy sectors with barges, has a fleet of fourteen vessels that help in offshore oil and gas platform refurbishment and maintenance activities, offshore wind turbine maintenance work, as well as offshore oil and gas platform installation and decommissioning, among other things.
Study: O&G Setback Cost U.S. Jobs
figures. According to the study conducted by Quest Offshore Inc., the Gulf offshore oil and gas industry supported more than 240,000 jobs across the country while contributing more than $26 billion to the nation’s GDP in 2010. "The Gulf offshore oil and gas industry supports tens of thousands of jobs outside the Gulf of Mexico," said Randall Luthi, president of NOIA. But offshore industry-related jobs are down from 2008, the study shows, due in part to the poor economy, the deepwater moratorium, and the continuing slow pace of new drilling permits in the gulf.
Harris Pye Sold to Joulon Group
The Harris Pye Engineering Group, global specialists in the provision of repairs, upgrades and conversions to the marine, offshore oil and gas, and associated onshore industrial sectors, has been acquired by the Joulon Group. Joulon was created in partnership with KKR, the global investment firm to acquire well established companies globally. The investment in Joulon comes from multiple funds managed or advised by KKR. Harris Pye has been acquired to primarily add capability in…
Western GofM Oil/Gas Lease Bidding: NOIA Comments
National Ocean Industries Association President Randall Luthi encouraged by sales, urges further offshore developments. "This sale is on-par with expectations and shows that the offshore oil and natural gas industry is still committed to domestic exploration and production. The Federal government benefits from this sale through non-income tax revenue and the promise of future income through rents and potential royalties upon production. With enormous economic challenges facing the U.S.…
Top 10 Maritime Nations: Ranked by Value
The March 2017 edition of Maritime Reporter & Engineering News focuses on SINGAPORE, as this maritime powerhouse struggles to maintain balance and influence through the offshore oil and gas downturn. Looking at the "Top 10 Nations" ranked by value from VesselsValue.com, Singapore ranks #5 with 2,662 vessels, comprising 64.03 million GT and a $41.7 billion valuation, just behind the United States at #4 (2,399 vessels, 55.92m GT, $46.5 billion valuation).
China Rongsheng Chairman Quits
Chairman of China's largest private shipbuilder, Zhang Zhirong, steps down from China Rongsheng Heavy Industries Group. Determined to put scandal behind it, China’s largest private shipbuilder, China Rongsheng Heavy Industries Group, has said its chairman has stepped down. to be replaced by the yard’s CEO, Chen Qiang, reports SinoShip News. Rongsheng was hit by an insider dealing scandal involving a firm owned by Zhang ahead of the $15.1bn bid for Canadian oil firm Nexen Inc by China offshore oil and gas producer CNOOC.
Sembmarine Inks LoI with Shell for FPU
Sembcorp Marine announced that its wholly-owned subsidiary Sembcorp Marine Rigs & Floaters has signed a Letter of Intent (LOI) with Shell Offshore for the construction of the hull and topside as well as the integration of the Vito floating production unit (FPU). If the project moves forward, the Vito FPU will be a new facility located in the Mississippi Canyon, approximately 150 miles south of New Orleans, Louisiana, USA, in water depth of 4,050 ft. Comprising a single topside module supported by a 4-column semisubmersible floating hull…
Shell's Arctic Drilling Hiatus
Both of Shell's offshore drill rigs used during last year's oil exploration season to be transported to Asian shipyards for inspection and repair. The decision suggests the Kulluk and the Noble Discoverer -- Shell's only drilling rigs for the Arctic -- need major work and calls into further question whether Shell will be able to resume drilling in the Chukchi and Beaufort seas this year. Two federal investigations are under way into Shell's Alaska operations, reports the 'Anchorage Daily News'.
UK Offshore Oil & Gas Sector: Investment Hits 30-year High
Tax changes to encourage growth in the UK oil & gas sector have led the industry to make its highest investment for more than 30 years. According to the recently published Oil & Gas UK, 2013 Activity Survey, thousands of jobs are now being created across Britain and the production of UK oil and gas and resulting tax revenues can now confidently be expected to rise over the coming years. The Activity Survey shows a diverse mix of investment, ranging from projects of less than £50 million through to some of over a billion pounds, in total soaring to £11.4 billion in 2012.
OCIMF's Paper on Northern Sea Route Navigation
Climate change and the associated warming of the Arctic seas has opened up the Northern Sea Route as a possible alternative to more southerly trading routes between Europe and Asia Pacific, but it presents unique challenges to any ship using it. The information paper, which will be released today (7 December), highlights the challenges and best practices that ship managers and Masters should consider when planning and executing a transit of the Northern Sea Route, so that they can make an informed decision about the transit.
Korea's STX Offshore Gets Emergency Loans
Creditors of the ailing shipbuilder agree to provide STX Offshore with (US$540 million) in emergency loans. The news is cited as coming from the main creditor bank and is reported by the Yonhap News Agency. STX Offshore, the shipbuilding unit of STX Group, a South Korean shipping and shipbuilding conglomerate, has been suffering a credit crunch as demand for new ships has fallen sharply in the past few years. Source: Yonhap News Agency
Crowley Restructures Business Units
Crowley Maritime Corporation announced it has restructured its business units as the company aims to increase its focus on government-related business and better align vessel operations and fuel distribution services. Over the coming months, the 125-year-old company will transition its non-liner and logistics business units into three main service lines: Crowley Shipping, Crowley Fuels and Crowley Solutions. “This plan facilitates a pivot towards growing the company’s government portfolio of work…
Pharos Offshore Hires Deepsea Worker
Pharos Offshore Group are in the process of mobilising the newly named DP2 Deepsea Worker with a Work Class ROV, an Observation Class ROV and a subsea excavation spread, ready for 2016/2017 operations. Aleron Subsea will be Pharos Offshore’s ROV partner during the period, providing a comprehensive vehicle support package, whilst Pharos operates the equipment. Amongst the equipment to become available on the vessel will be a full Pre-Lay Grapnel Run spread, boulder clearance spread and cable recovery spread.
SPE Award for Survitec Group
Two safety and survival systems developed for use in the UK’s offshore sector by the Survitec Group were recognised for their industry-leading importance when they won the Safety Innovations Award in the recent Offshore Achievement Award organised by the Society of Petroleum Engineers (SPE). The Safety Innovations Award recognises excellence in innovative technology and products that have been developed in the UK and which contribute to offshore safety. In particular, it looks at how they contribute to the overall objective of improving individual…
Offshore O&M Expenditure Forecast: $335B in 5 Years
More than $335 billion worth of expenditure is expected over the next five years on offshore oil & gas operations & maintenance (O&M), according to a new report, The World Offshore Operations & Maintenance Market Forecast 2012-2016, by Douglas-Westwood (DW). Growth of 8% in expenditure is forecast annually 2012-2016, with O&M markets considerably less vulnerable to downturn than their capital-led counterparts. The underlying driver for all activity, both onshore and offshore, is the growth in global energy demand which…
FMC Technologies Receives $125 Million Order From Petrobras
FMC Technologies (NYSE: FTI) announced today that it has received a $125 million order from Petrobras (NYSE: PBR, PBRA), Brazil's national oil company, to supply equipment for use in their oil and gas developments offshore Brazil. The order, for 32 subsea trees, represents the remaining equipment under a 107-tree frame agreement that was announced in February of 2010. Equipment deliveries are scheduled to begin in 2013. "We have been a key supplier to Petrobras for decades and have delivered over 300 subsea trees for their projects in Brazil…
Hyundai Heavy Closes Onsan offshore
Hyundai Heavy Industries has temporarily shut one of its two factories making offshore oil rigs - Onsan plant in South Korea - due to downturn in the global oil and gas industry. The closure Onsan underscores the dire state of the country’s big shipbuilders as dearth of orders as the crude price rout forces international oil companies to cut spending. “Our ongoing projects will complete in March. From then we do not have a further order to work on, and the operation will stop until we get a new one,” a company spokesman told local media.
Leading Industry towards Offshore Excellence
Working offshore can be dangerous business. Miles from shore with nothing but water in all directions, offshore crews perform highly complex operations with little margin for error, and the potential for severe consequences if something goes wrong. We were reminded of this just a few weeks ago, when an explosion and fire aboard a shallow-water production platform offshore Louisiana on November 16 resulted in the tragic deaths of two confirmed crewmembers and severe injuries to many others.
NOIA President Responds to Vermillion Platform 380 Accident
“Any accident in the offshore energy industry is certainly worthy of attention, whether it be as minor as a trip and fall or something resulting in serious injury. The good news is that today, there was no loss of life. But coming just four months after the Macondo well accident, today’s incident hits everyone’s radar. While we do not yet know the cause of today’s accident, we must keep things in perspective, and remember that accidents happen in almost any occupation. We should also remember that oil and gas is vital to our economy and everyday lives.
Asian LNG Spot Prices Jump after European Gas Outages
Asian liquefied natural gas (LNG) spot prices jumped this week in reaction to volatile price spikes on European gas markets and ongoing demand from the region's major consumers. Spot prices for January delivery hit $10.50 per mmBtu, 40 cents above last week, with February prices seeing similar levels. In a tumultuous week, European gas prices gyrated wildly following a flurry of major pipeline and production outages coinciding with high demand and freezing weather. The rally began…
OSX Shipbuilding Announces Finance Deal
OSX Brasil S.A., a Brazilian corporation engaged in the equipment and services sector for the offshore oil and gas industry, by means of integrated operations in shipbuilding, chartering of exploration and production (E&P) units, and operation and maintenance (O&M) services, announces to its shareholders and the market in general that: The Board of Directors of the Merchant Marine Fund (Fundo da Marinha Mercante - FMM) approved the prioritization of financial support for the Açu Shipbuilding Unit ("UCN Açu") project of OSX Construção Naval S.A.…
COSCO Singapore Doubles Chinese Yard Investment
Singapore-listed Cosco Corporation subsidiary Cosco Shipyard Group increases its investment in the registered capital of 60%-owned Cosco Qidong Offshore, China. Cosco has increased its investment by RMB300-million to RMB600-million. The other investors in the yard have also doubled their investment at the fast growing offshore complex so the shareholding structure remains the same, reports SinoShip News. Eight days ago Cosco Qidong announced it had won a contract for a harsh environment semi-sub rig from Axis Offshore, a joint venture between Danish shipowner, J.