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Sunday, May 19, 2019

Oil And Gas News

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…

China's Tariffs on U.S. LNG Mean Nothing, Everything

China's decision to hike import duties on U.S. liquefied natural gas (LNG) is a move that means very little for the market in the short term, but it has the potential to deliver outsized consequences the longer the levies remain in place.As part of its latest round of retaliatory tariffs on U.S. imports, Beijing increased the duty on LNG shipments from 10 percent to 25 percent.This will make it even more uneconomic for Chinese buyers to purchase LNG cargoes from the United States.

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…

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.

Ever large merchant vessels, including this large containership, are now transiting the Panama Canal on a regular basis. Image: CH2M

Ever Larger LNG Tankers Head for Panama Canal

A 'Q-Flex' LNG tanker, the world's second-largest class of liquefied natural gas carriers, is set to pass through the Panama Canal for the first time, the canal's CEO said, expanding the Americas to Asia trade route for the fast-growing commodity.The 'Al Safliyah', which can carry about 210,000 cubic metres of LNG, is on its way to Panama from the North Pacific after discharging a cargo from Qatar into Korea Gas Corp's (KOGAS) Tongyeong terminal on April 21, shipping data in Refinitiv Eikon showed."This is the first Q-Flex to transit the Panama Canal…

David Grzebinski, Kirby’s President and Chief Executive Officer

Kirby Posts 2019 Q1 Results

Kirby Corporation announced net earnings attributable to Kirby for the first quarter ended March 31, 2019 of $44.3 million, or $0.74 per share, compared with earnings of $32.5 million, or $0.54 per share, for the 2018 first quarter. Excluding certain one-time charges, 2018 first quarter net earnings attributable to Kirby were $37.9 million, or $0.63 per share. Consolidated revenues for the 2019 first quarter were $744.6 million compared with $741.7 million reported for the 2018 first quarter.David Grzebinski…

Senator Cassidy: No Jones Act Waiver

A Republican U.S. senator on Wednesday said President Donald Trump will not waive rules requiring that only U.S.-flagged ships move natural gas from American ports to Puerto Rico and the U.S. Northeast.The nearly 100-year-old Jones Act mandates the use of U.S.-flagged vessels to transport merchandise between U.S. coasts. Republican senators said the administration was seriously considering waiving the requirements for 10 years. Bloomberg News reported last week that Trump was leaning in favor of some kind of waiver.Senator Bill Cassidy…

(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…

The El Coqui, a U.S. flag ConRo carrier, recently built specifically for the Jones Act Caribbean trades and powered by environmentally friendly LNG. CREDIT: Crowley Maritime

Trump to Meet with GOP Senators on Jones Act

President Donald Trump is set to meet with Republican senators on Wednesday over a proposal to waive rules that only U.S.-flagged ships can move natural gas from American ports to Puerto Rico and the U.S. Northeast.The nearly 100-year-old Jones Act mandates the use of U.S.-flagged vessels to transport merchandise between U.S. coasts. Bloomberg News reported last week the administration was seriously considering waiving the requirements for some energy shipments and that Trump…

Photo: Pure Safety Group

Pure Safety Group's 'Checkmate' TR3 Tripod

Pure Safety Group (PSG), a company dedicated solely to fall protection, has introduced the Checkmate TR3 Tripod, used as Personal Protective Equipment to access workers and provide fall protection in confined space environments.The tripod features an innovative new crown and foot design that makes it stronger yet more lightweight than other tripods. The design is representative of the new advancements in height safety that are being created by the innovation team at Checkmate.The TR3 is one of 20 new fall protection products PSG is launching in 2019 into the construction…

Paul Allan (Photo: MTL)

MTL: Allan Named Senior Naval Architect

FPSO and marine integrity management specialists, Marine Technical Limits (MTL) has welcomed a senior naval architect to its team.Paul Allan, who has more than 10-years’ experience in delivering naval architecture and marine warranty surveying (MWS) to the oil and gas industry, has been appointed to the position of Senior Naval Architect by the Kintore-based firm.The chartered engineer will be supporting the MTL team developing systems and procedures, driving MWS and supporting the company’s global FPSO and marine activities.MTL…

(From left) Captain Saadon Shukor, General Manager Marine Services Department, Johor Port Berhad, Shahrull Allam Shah Abdul Halim, CEO of Johor Port Berhad, Ezhar Yazid Jaafar, CEO of Petronas LNG Limited Sdn Bhd and Mohd Hanafi Jamal, General Manager, Fleet Management Department PETRONAS LNG Sdn Bhd, at the signing ceremony. Photo: Johor Port

Johor Port, Petronas LNG Sign Services Pact

Johor Port Berhad has signed an agreement with Petronas LNG Ltd. to provide marine services for vessels that receive gassing up and cooling down (GUCD) services at PLL’s Regasification Terminal Pengerang.According to a press release from integrated multi-purpose port facility located at the southern tip of Peninsular Malaysia, the signing of the Marine Services Agreement by Johor Port Bhd and PPL enables the provisioning of marine services and attractive tariff for vessels that…

Image: Ocean Infinity

Ocean Infinity Names Paul Helmore as CCO

American seabed exploration company Ocean Infinity has announced the appointment of Paul Helmore as Chief Commercial Officer (CCO).Paul has spent his career to date in business development roles, and brings a track record of managing complex commercial situations and driving international growth. He joins Ocean Infinity from Schlumberger, where most recently he was Director Global Accounts, responsible for overseeing relationships with many of the company’s fastest growing, technology led…

Pic:  DNV GL

Singapore Remains Top Maritime Capital

Singapore has been ranked the world's top maritime capital for the fourth consecutive time in the Leading Maritime Capitals of the World (LMC) report. The Leading Maritime Capitals report for 2019 is with fresh insight on which maritime metropolises provide the best support for companies in shipping and related services.Criteria include soft and hard infrastructure and access to world-class talent and services – all key components that maritime businesses need to thrive in their chosen locations.Singapore maintained its top position at the head of the 15 leading maritime capitals.

FuelTrax 'Vision' for SPO

Swire has installed FuelTrax Vision, a new onboard surveillance system.Swire Pacific Offshore, a marine services conglomerate and a leading service provider to the offshore oil and gas industry currently operates six vessels with FuelTrax on board, two of which have been installed with the latest FuelTrax Vision technology. The two FuelTrax Vision systems have been preforming without disruption since December 2018.FuelTrax is designed to be a smart, self-contained, marine fuel management solution…

Photo Credit/Port NOLA: Container vessel being worked by current gantry cranes at Napoleon Avenue Container Terminal site.

Port of New Orleans to buy New Gantry Cranes

New Cranes Allow Port NOLA to Accommodate Larger Ships and Meet Growing Needs. The Board of Commissioners of the Port of New Orleans (Port NOLA) have voted to approve the purchase of two new 100-foot gauge container gantry cranes to be used at the Napoleon Avenue Container Terminal. “These new cranes are vital to our success and growth here at Port NOLA,” said President and CEO Brandy D. Christian. “They will increase our efficiency so we can accommodate larger and wider ships…


Captain Alex Miya & Audrey M. Edmonson of Miami Dade County (Photo: TNPA)

Miami Delegation Returns to Port of Cape Town

Transnet National Ports Authority (TNPA) welcomed a high-level delegation from the Miami-Dade County in the United States for a tour of South Africa’s second busiest port, the Port of Cape Town, on Tuesday, March 26, 2019. The visit formed part of the Miami-Dade Business Development Mission to South Africa from March 24 to March 27, 2019.The Miami-Dade delegation was led by Ms Audrey M. Edmonson, Chairwoman of the Miami-Dade County Commission. She was joined by senior representatives of entities including Miami-Dade Aviation Department…

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.

U.S. Clinches Port Deal with Oman

Tehran has in the past threatened to block the Strait of Hormuz, a major oil shipping route at the mouth of the Gulf, in retaliation for any hostile U.S. action, including attempts to halt Iranian oil exports through sanctions.Still, the U.S. official noted that the agreement would expand U.S. military options in the region for any kind of crisis.Duqm is ideal port for large ships. It is even big enough to turn around an aircraft carrier, a second official said."The port itself is very attractive and the geostrategic location is very attractive…

Image: BigLift Shipping

BigLift, Chung Yang Join for LNG Heavy Transport

BigLift Shipping and Chung Yang Shipping from South Korea have reached an agreement for cooperation in heavy transport shipping in LNG, oil and gas markets.A joint press release said that their four heavy transport vessels (HTVs) will be commercially operated by BigLift Shipping.With this combination of two pairs of sisterships – BigLift Barentsz and BigLift Baffin and CY Interocean I and CY Interocean II – the companies are ready to meet the future demands in the LNG, Oil and…

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…

Photo:  TNPA

Opportunities for Boat Building in Eastern Cape

Transnet National Ports Authority’s (TNPA) Port of Ngqura has hosted the testing and launch of the first ever locally manufactured aluminium vessels by PE-based boat builder, Legacy Marine. As the company’s ship yard is based in Perseverance, the low bridges blocked the route to the Port of PE in the past, restricting the building of larger vessels. When the new Port of Ngqura stepped up as an alternative port, it contributed to the expansion of boat building in the Eastern Cape.“Now that the port is available for new vessel launches…

Mark Pieter Frölich (Photo:  Lankhorst Ropes)

Lankhorst Appoints Commercial Director

Maritime and heavy lift ropes company, Lankhorst Ropes, has appointed Mark Pieter Frölich as commercial director for Lankhorst Ropes USA. Based in Philadelphia, Frölich will head the development of Lankhorst Ropes’ sales in the maritime and offshore markets in the United States and Canada.Lankhorst Ropes is part of Kansas based WireCo WorldGroup, a steel wire and synthetic ropes maker. Previously regional manager for Lankhorst Ropes in the Middle East, Frölich has spent the past seven years successfully founding and growing the WireCo WorldGroup branch office in Dubai.

Rebecca Hofmann Photo:  OOC Oil & Gas Blockchain Consortium

Oil, Gas Majors Join Blockchain Consortium

A group of seven major oil and gas companies, including ExxonMobil Corp., Chevron Corp. and ConocoPhillips, announced a partnership to establish the first industry blockchain consortium in the United States.With several use cases across the industry value chain, the consortium intends to conduct proofs of concept with this emerging technology in 2019, said a press release from OOC Oil & Gas Blockchain Consortium.The OOC Oil & Gas Blockchain Consortium was founded to advance industry blockchain technology learnings for the purpose of driving industry standards…

Image: Rotterdam Port Fund

Rotterdam Port Fund Acquires Stake in ExRobotics

Rotterdam Port Fund has invested in remote inspection robotics company ExRobotics, specialising in robots to operate in high risk environments such as oil and gas facilities.The Dutch robotics firm manfacturers modular robots that can carry out remote inspections of oil and gas facilities more efficiently and with a lower safety risk than those carried out by humans.ExRobotics will be working on the further development of this technology in close collaboration with knowledge institutes…

Image: Höegh Autoliners

Höegh RoRo Transports 112MT Transformer

Transporting a 112MT transformer across the world is no simple task. The stakes are even higher when the sophisticated cargo is destined for an oil and gas plant and time is of utmost importance.Global Freight Forwarder Kintetsu World Express (KWE) and CG Holdings Belgium NV Systems Division chose Höegh Autoliners, with its direct RoRo service, global agency network and breakbulk competence, to transport its 112 MT Transformer trailer from Antwerp to Dammam."With the customer’s tight deadline…