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Monday, August 3, 2020

Oil And Gas News

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Scorpio Bulkers Plans to Buy Wind Turbine Installation Vessel

Dry bulk shipowner Scorpio Bulkers on Monday announced it has signed a letter of intent to purchase a newbuild wind turbine installation vessel (WTIV) as a “first step in a transition towards a sustainable business in renewable energy”.Scorpio said it expects to sign a $265-$290 million shipbuilding contract with South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) in the fourth quarter of 2020. The deal would include options for up to three additional vessels to potentially be delivered within the following 18 months.The lead vessel…

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Congress Responds to COVID19 and Other Challenges for the Maritime Industry

In response to the worldwide COVID-19 pandemic, the Congressional Research Service released a report that stated global economic growth has declined by 3% to 6% in 2020 with a partial recovery predicted for 2021. Also, the GDP of the U.S. has fallen by 5% in the first quarter 2020. According to the International Maritime Organization (IMO), the maritime industry, and seafarers themselves, have not been able to escape the significant effects of this crisis.All sectors of the maritime industry have been adversely affected by the global pandemic.

Image Credit: Mammoet

New Mammoet Crane in Operation in Lagos Deep Offshore Logistic Base

Nigeria's Lagos Deep Offshore Logistic Base, LADOL, serving the country's offshore oil and gas industry, now has a new crane in operation - Mammoet Terminal Crane (MTC 15).LADOL and Mammoet had in January signed a partnership agreement aimed at growing LADOL’s capacity for project cargo handling and logistics for industrial sectors in West Africa. Mammoet then supplied LADOL with its heavy-lift terminal crane - MTC 15 - which has transformed LADOL’s quayside into a heavy lift terminal.

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Webinar: Floating Production Forecasts & Analysis

A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering insider access to business and investment opportunities in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis, presented by ABS and World Energy Reports, will be held July 29, 2020, 11 a.m. (EDT). REGISTER HERE.The effects of the COVID-19 crisis and oil supply glut continue to seriously dampen investment appetite in the oil and gas sector…

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Webinar: Floating Production Forecasts & Analysis

A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering insider access to business and investment opportunities in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis, presented by ABS and World Energy Reports, will be held July 29, 2020, 11 a.m. (EDT). REGISTER HERE.The effects of the COVID-19 crisis and oil supply glut continue to seriously dampen investment appetite in the oil and gas sector…

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Maersk Acquires Customs Broker KGH

Maersk said on Monday it had agreed to buy Sweden-based customs broker KGH Customs Services for 2.6 billion Swedish crowns ($281 million), as the container shipping group seeks to expand its end-to-end logistics services.Maersk since 2016 has sold its oil and gas business and focussed on its container and logistics business for customers including Walmart and Nike.It handles about one in five containers shipped by sea worldwide and is seeking to speed up investments in in-land logistics services.Last year…

(Photo: Ørsted)

New Report Outlines Big Potential for Offshore Wind

Offshore wind currently represents just a small piece of the world’s energy supply. But that’s changing faster than ever before as new and existing players look to tap the huge resource potential—and market opportunities—being unlocked by shrinking costs and technological advances, as outlined in a recent comprehensive market report.In the coming two decades, the rapidly maturing offshore wind market is expected to become a trillion-dollar business as the pace of installed capacity growth accelerates…

Graphic representation of the exercise; met-ocean data collection operations running concurrently with simulated threats, detection and mitigation assets. Image from ION.

Autonomous ANTX: Seismic Survey Tech and Port Security

Geophysical seismic surveys and port security may appear to have little in-common. However, it turns out that managing complex marine seismic operations, where 10km-long seismic streamers have to be deployed harmoniously alongside other offshore marine assets, isn’t that dissimilar to managing – and protecting – port facilities.It's an area that ION Geophysical, more known for seismic data acquisition technology, has recently been proving its expertise in, using its Marlin system for marine operations management.

Join a webinar on June 17, 2020 for the global release of a major new market study on the depth, breadth and growth prospects of the Offshore Wind Market -- https://zoom.us/webinar/register/WN_UR5uY1boTOKdAAcAXDbR4g
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The Emerging U.S. Offshore Wind Industry in a Post-COVID-19 World

Join a webinar on June 17, 2020 for the global release of a major new market study on the depth, breadth and growth prospects of the Offshore Wind Market --  https://zoom.us/webinar/register/WN_UR5uY1boTOKdAAcAXDbR4gJust when it was looking like the offshore wind industry was finally about to take off in the United States, the COVID-19 pandemic has introduced one more significant layer of uncertainty upon an already very complicated playing field. There are currently 15 active offshore wind projects in the planning stages which…

COVID-19 & the US Workboat Market: Business Continuity, Not Business as Usual

In today’s environment, the overarching challenge for the American tugboat, towboat and barge industry is to continue transporting the vital commodities that help keep our nation’s economy moving during a highly uncertain time, while taking all necessary measures to ensure the health and safety of our workforce as the COVID-19 pandemic continues to evolve – in other words, to ensure business continuity, while recognizing we are not, nor can we be, going about business as usual.

(Photo courtesy GAC)

Redoubling Our Resolve to Deliver Energy Transition

As momentum behind decarbonization accelerates, offshore service providers must accept the challenges ahead with great enthusiasm, harnessing key skills honed during many years working offshore, says William Hill, Executive Group Vice President, GAC Energy. The enforced shutdown of much of the industrialized world in response to the COVID-19 pandemic has thrown into sharp contrast the state of the environment before and after production, transportation and travel were dramatically cut back.

“I think we need to be bold in our thinking, but cautious in our applications. It doesn’t cost that much money to play around with ideas; and that small investment could turn up some great benefits. But if you’re afraid to make that initial investigation, things will pass you by.”
John Waterhouse, Elliott Bay Design Group

Interview: John Waterhouse, EBDG - “Be Bold in Thinking but Cautious in Application”

John Waterhouse is a ubiquitous character in the U.S. maritime industry, a deep-thinker, a signature bow tie and more than three decades of naval architecture and marine engineering experience and success as co-owner of the Seattle-based Elliott Bay Design Group (EBDG).While growing up, John Waterhouse spent some time in Vancouver, BC, Canada, and it was as a young boy standing on the shores of English Bay, watching ships come in from around the world to load and unload their cargos, when he realized that a maritime career could be his future.

Mark Whelan  (Photo: Roxtec)

Roxtec UK Appoints Whelan

Roxtec UK has moved to increase its presence in Britain’s maritime sector with the appointment of a new marine and offshore manager.Mark Whelan has joined the Swedish-owned company having spent 10 years at another international manufacturer, most recently as a project manager for naval and commercial shipbuilding sector contracts. At Roxtec, Whelan will have responsibility for business development in the south of England.Roxtec’s transits are used to seal cables and pipes aboard a wide variety of ships including naval vessels…

Martyn Thomas is the Chief of Staff at Stream Marine Training Ltd (SMT Ltd.)

Profiles in Maritime Training: Martyn Thomas, Chief of Staff, Stream Marine Training Ltd. (SMT)

Martyn Thomas is the Chief of Staff at Stream Marine Training Ltd (SMT Ltd.) following many years working for both global training providers and cruise companies. SMT is a maritime skills and technology business providing fire-fighting, sea survival, survival craft and HSE training to the global maritime, oil and gas, renewables and construction industries.Thomas works out of SMT’s head office in Glasgow where SMT trains the majority of its theoretical based courses, including Alternative Fuels…

Photo courtesy of Port of Houston

Tonnage Slips at Port Houston Amid Pandemic

Monthly cargo volumes at Port Houston declined in April as the coronavirus outbreak continued to impact commerce in the U.S. and across the world.Port Houston, the 6th largest container port in the U.S., handled a total of 221,540 twenty-foot equivalent units (TEUs) in April, down 12% from the 252,693 TEUs in April 2019. For the full year, however, Port Houston handled 994,627 TEUs through April, which is 5% more than the first four months of 2019.Total tonnage at Port Houston’s public facilities was down 10% in the month of April at 3,766,756 short tons, a decrease of 3% year-to-date.

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Algeria to Lift Ban on Car Imports

Algeria will resume car imports, the government said on Sunday, after a ban failed to reduce the import bill, as the North African member of OPEC tries to rein in spending to cope with a decline in energy earnings.The plan to allow car dealers to resume imports was approved at a Cabinet meeting chaired by President Abdelmadjid Tebboune, the government said in a statement.The ban was endorsed in 2014 under President Abdelaziz Bouteflika, who resigned in April last year after pressure…

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Improving Oily Water Separators

Oily water separators (OWS) have been a common fixture of a ship’s machinery space for many decades. With the amount of experience, research and legislation that has gone into them, it would be easy to think that their use would almost be hassle free. However, going by the amount of OWS violations still being recorded by the International Maritime Organization (IMO) it is evident that many seafarers are still encountering problems while operating them. As concerns about environmental pollution grow, it is likely that the rules governing OWS use will only become stricter.

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Nigeria Imposes Cargo Vessel Restrictions to Curb Coronavirus Spread

Nigeria will only allow cargo vessels that have been at sea for more than two weeks to dock in its ports to prevent the spread of coronavirus, President Muhammadu Buhari said on Thursday.Health experts fear a widespread outbreak in Africa's most populous country of 200 million people which could overwhelm its creaking healthcare system.Nigeria has closed its land borders and international airports in the last week to curb the spread of the virus.Buhari said on Twitter he had issued a directive that "only cargo vessels that have been at sea for more than 14 days be allowed to dock in our ports…

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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…

(Photo: Greenpeace)

No Felony Charges for Protesters Who Shut Houston Ship Channel

A Texas grand jury on Wednesday declined to issue felony indictments against a group of Greenpeace USA activists who closed a key oil export waterway for 18 hours last year by tying themselves to a Houston bridge and dangling over the water.Felony charges had been brought against 31 activists involved in the September 2019 protest. The indictments, sought by the Harris County District Attorney's Office, were under Texas' new critical infrastructure law, which makes it a felony to interfere with oil and gas pipelines and ports…

Nigeria Orders 20 RTG Cranes

Finnish manufacturer Konecranes said it has won an order for 20 rubber tired gantry (RTG) cranes from APMT’s West Africa Container Terminal in East Nigeria. The order was booked in two parts, the first in December 2019 and the second in January 2020. Delivery is scheduled to take place from the fourth quarter of 2020 through the second quarter of 2021.APMT’s West Africa Container Terminal (WACT) is located in Onne Port, part of the Onne Oil and Gas Free Zone in Nigeria. It was one of the first container terminals to be built in Nigeria under public/private ownership.

Renato Barbedo  (Photo: Tendeka)

Tendeka Appoints BD Manager for S. America

Tendeka has appointed a new business development manager for South America as the company increases its support for oil and gas operators in the region.Renato Barbedo will work with operators across the continent to deploy Tendeka’s broad range of products and technologies.Barbedo brings over two decades of global experience in upstream projects to the position. He previously worked with Schlumberger and Emerson and has vast experience in the areas of sand control, well construction and completions…

Image: Fugro

Fugro: Offshore Market Grows Despite Concerns

The offshore oil and gas market continues to grow despite geopolitical developments and concerns over reduced global economic growth, said the Dutch multinational Fugro."The outlook across Fugro’s market segments is positive as offshore wind, oil and gas and infrastructure markets continue to grow," said a statement from the provider of geo-intelligence and asset integrity solutions for large constructions, infrastructure and natural resources. The energy transition which is needed to reduce CO2 emissions and mitigate climate change…

The signing ceremony was held in Kuala Lumpur, Malaysia. Photo: “K” Line

Petronas Inks 12-yr Contract with K-Line

Malaysian national oil company Petronas’ subsidiary Petronas LNG Ltd recently signed a 12-year time charter party (TCP)  with a Japanese shipowner Kawasaki Kisen Kaisha Ltd (“K” Line) for two midsized new build LNG vessels.According to the statement, the TCP includes an extension option for an additional 12 years. The LNG vessels had about 79,960 cubic metres each in capacity.Petronas said this was in line with the signing of the shipbuilding agreements between ‘K’ Line and Hudong-Zhonghua Shipbuilding Co Ltd for the construction of the vessels in Shanghai…

Graph by Deloitte

Upstream Cuts 208 deals worth $156Bn in 2019

Upstream companies cut 208 deals worth $156 billion in 2019, with value up $26 billion year-on-year. However, the number of transactions was 40 percent below the five-year trend, pointed out latest report by Deloitte.That, combined with the fact that the Oxy/Anadarko transaction comprised more than a third of the total value, meant that 2019 proved sluggish, reflecting the overall weakness in the oil and gas sector.In fact, there were only $5.8 billion in deals in Q1, the lowest value seen in any quarter in more than a decade.

The signing ceremony was held in Kuala Lumpur, Malaysia. Photo: K Line

K Line Orders LNGC with Hudong-Zhonghua

Japanese shipping company Kawasaki Kisen Kaisha (K Line) has ordered two liquefied natural gas (LNG) carriers with  with Hudong-Zhonghua Shipbuilding backed by long-term contracts with Malaysia's energy giant Petronas.The 12-year contract to charter them to Petronas starts in 2022, with an option for an extension for a further 12 years.The two vessels will be built by Hudong–Zhonghua Shipbuilding , a wholly owned subsidiary of China State Shipbuilding Corporation, the largest shipbuilding group in China…