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Friday, August 7, 2020

Oil And Gas Exploration News

Total, Zhejiang Energy Establish Bunkering JV

French oil and gas company Total has signed a deal with Chinese state-owned Zhejiang Energy Group (ZEG) to create a joint venture company to supply and delivery marine fuels in the Chinese region of Zhoushan.Total China Investment (TCI)  will hold a 49% share in the new company while Zhejiang Zheneng Petroleum New Energy (ZZPNE) will hold the remaining.Zhoushan region covers both Ningbo and Shanghai ports, the busiest shipping hub in the world in terms of cargo tonnage.By combining…

Pic: Orange Business Services

Sovcomflot Selects Orange for Maritime VSAT

Russian maritime shipping company specializing in petroleum and LNG shipping Sovcomflot has chosen Orange Business Services to deploy an advanced Maritime VSAT solution on eight vessels.According to a press release from the the business services arm of Orange S.A., this initial rollout will keep the ships connected even when operating on the high seas, improving safety and optimizing navigation in challenging conditions.In addition, this solution will make it easier for crews to stay in touch with friends and family…

One of MISC's LNG carriers at sea (CREDIT: MISC)

MISC Group Q1 Financial Results

MISC has announced its financial results for the financial period ended March 31, 2019.Financial Highlights:Group revenue for the quarter ended March 31, 2019 was higher than the corresponding quarter ended March 31, 2018.Group profit before tax for the quarter ended March 31, 2019 was higher than the corresponding quarter ended March 31, 2018.Group Revenue, Operating Profit and Profit Before Tax for the Quarter Ended March 31, 2019Group revenue for the quarter ended March 31,2019 of $544 million was 12.7% higher than the corresponding quarter’s revenue of $482 million.

Image: NAPA

INPEX Selects NAPA for LNG Carrier Fleet

Japan's largest oil and gas exploration and production company INPEX Corporation has installed ClassNK-NAPA GREEN for monitoring operations on three of its liquefied natural gas (LNG) carriers.NAPA said that Inpex awarded a deal to the company for the provision of a solution for monitoring and follow-up of ship operations on two LNG carriers built to service the Ichthys project and one LNG carrier for Shell’s Prelude FLNG project.With the core motivation of accurately verifying the technical performance of these highly complex carriers…

Eko Lumadyo, Managing Director of Neptune Energy’s Indonesian business. Photo: Neptune Energy

Neptune Energy Indonesia Gets New Managing Director

The oil and gas producer Neptune Energy has announced the appointment of Eko Lumadyo as Managing Director of its Indonesian business, based in Jakarta.Lumadyo will join Neptune from Mandala Energy Indonesia, where he is currently Country President and General Manager.Lumadyo has more than 30 years’ experience in upstream oil and gas exploration, development, planning, operations and commercial affairs. He started his career with Unocal as a geophysicist and progressed within the…

Nikolay Kolesnikov, Senior Executive Vice-President and CFO of Sovcomflot (sitting in the centre) together with the signees from KfW IPEX-Bank, Credit Agricole, ING Bank, Societe Generale, Citibank, UniCredit, and DVB Bank (sitting, from left to right). Photo: Sovcomflot

Sovcomflot completes USD 900 mln in Foreign Investment

Russia’s maritime shipping company Sovcomflot has announced that it has entered into a new USD 264 million six-year revolving credit facility with a consortium of five leading international banks.The completion of this credit facility marks the successful finalisation of SCF’s 2018 financing plan, with total new debt capital raised this year amounting to circa USD 900 million, said Nikolay Kolesnikov, Senior Executive Vice-President, Chief Financial Officer of PAO Sovcomflot."The fund allows us to fully address the Group’s mid-term financing requirements…

© vladsv / Adobe Stock

Philippines Short-lists Three Groups for LNG Terminal Project

The Philippines has short-listed three different groups to build and operate its first liquefied natural gas (LNG) import terminal and hopes to nominate one by November, its energy minister said on Tuesday.Short-listed companies were chosen from 18 groups that submitted proposals for the project, Alfonso Cusi told Reuters on the sidelines of the Singapore International Energy Week.They include state-owned Philippines National Oil Company (PNOC), which is seeking a partner for the project…

Image: Sovcomflot Group

Sovcomflot's Pskov Loads First Cargo from Yamal LNG

The liquefied natural gas (LNG) carrier Pskov completed loading at the Port of Sabetta (YNAD), with the first cargo of LNG produced from the second high-tech production line at the Yamal LNG plant.August 08 marked the launch of the second production train at Yamal LNG, which happened six months ahead of schedule.Pskov is a state-of-the-art Atlanticmax LNG carrier with a cargo capacity of 170,000 cubic metres. She was built to order for Sovcomflot Group in 2014, to transport LNG under a long-term time charter agreement with Gazprom.

BP Shipping’s Aggies left to right: Daniel Justus, Stewart Andrews, Jenny Long, Sara Broadrick, Garrett Jones and Michael Flannery.

Texas A&M Galveston Degrees Lead Six Aggies to BP Shipping

Jenny Long was an Aggie with a challenge. She had an important job opening to fill with her company, BP Shipping Americas, located in Chicago. As the regional voyage operations superintendent for BP Shipping, it is her job to fill it with the best and most qualified candidates. Long graduated from Texas A&M University at Galveston with a Marine Transportation degree and a minor in Maritime Administration.So, when she has an open position, one of the first places she contacts is her alma mater, Texas A&M Galveston. “BP Shipping has an open and fair hiring process” says Long.

Pavlos Papageorgiou. Photo from Youtube video Eurofinancechannel

Papageorgiou Named CFO of Aegean Marine Petroleum Network

Aegean Marine Petroleum Network (AMPNI) said that Pavlos Papageorgiou has been appointed Chief Financial Officer, effective immediately. Papageorgiou succeeds Spyros Gianniotis, who will continue to act as an independent consultant to the Company to help ensure a seamless transition of financial and operational responsibilities. Yiannis Papanicolaou, Aegean's Chairman of the Board, commented, "We are pleased to welcome Pavlos as Chief Financial Officer of Aegean. Pavlos brings more than twenty years of extensive senior leadership experience across global marine transportation…

Gov. Edwards Appoints Charles H. Ponstein to Port NOLA Board of Commissioners Photo courtesy Port NOLA

Ponstein Appointed on Port of New Orleans Board

Gov. John Bel Edwards appointed Charles H. Ponstein to the Board of Commissioners of the Port of New Orleans as the St. Bernard Parish representative on the seven-member regional board. Ponstein was sworn in during today’s monthly Board meeting and will serve a five-year term succeeding William T. Bergeron. With the Port’s acquisition of the New Orleans Public Belt Railroad effective Feb. 1, 2018, Port Commissioners also serve as directors of the New Orleans Public Belt board, Ponstein will become NOPB’s newest director with this appointment.

Petrogress Enters Joint Venture with EDT Offshore

Petrogress, Inc. has announced that its Petrogress Int’l, LLC (PIL) subsidiary has entered into a Memorandum of Understanding (MoU) with EDT Agency Services, Ltd. (EDT Offshore) to combine the companies’ operations at the Port of Limassol and additional port facilities in Cyprus. The MoU covers shorebase and offshore support services from the Port of Limassol, as well as future developments at Vassiliko Energy Port, where the Cyprus Port Authority has announced plans for a $300 million industrial and energy harbor.

Jacquelynn Craw (Photo: OPOL)

OPOL Announces Executive Team Appointments

The body responsible for the offshore oil and gas industry’s voluntary pollution compensation scheme has announced two appointments to its executive team. The Offshore Pollution Liability Association Limited (OPOL) has appointed a new managing director, Jacquelynn Craw, with effect from December 1. OPOL also confirmed the reappointment of its current chairman, Colin Wannell, with effect from January 1,  2017. Craw succeeds Niall Scott as managing director, who has held the post since 2011. Scott will step down at the end of December after completing his handover.

Sarah Cashmore (Photo: GEOxyz Group)

GEOxyz Names GM to Lead New UK Location

GEOxyz Group has launched a new U.K. headquarters for offshore geophysical, geotechnical and ROV survey headed by Sarah Cashmore, who has been hired as General Manager of the Norwich facility. Founded by Patrick Reyntjens in 1999, GEOxyz has since developed into a survey company employing more than 110 people across five European bases. GEOxyz owns and operates 16 vessels as well as a range of seabed mapping and sampling equipment, which is deployable across its vessel, ROV, drone and surface mapping platforms.

From left:  Shogo Shibuya, President & CEO of Chiyoda Corporation, Lionel Lee, Group CEO & Managing Director of Ezra and Tadaaki Naito, president of NYK. Photo by NYK Line.

NYK to Buy Into Emas Chiyoda

Japanese shipping giant Nippon Yusen Kabushiki Kaisha (NYK) has agreed to invest in EMAS Chiyoda, a subsea services joint venture between oilfield services firm Ezra Holdings Ltd and Chiyoda Corp. NYK has reached an agreement with Ezra Holdings Limited (Ezra) and Chiyoda Corporation (Chiyoda) to acquire a 25 percent share of EMAS Chiyoda Subsea Limited (ECS). After NYK’s participation, the shareholding structure of ECS will change to Ezra 40%, Chiyoda 35%, and NYK 25%. ECS is a global player in the engineering…

Two narwhal (Monodon monoceros) surfacing to breathe in Admiralty Inlet, Lancaster Sound, Nunavut, Canada. Photo: WWF-Canada

WWF-Canada Brings Lawsuit Against Shell on Arctic

WWF-Canada, represented by Ecojustice lawyers, is taking legal action to quash Arctic oil and gas exploration permits that continue to obstruct conservation efforts in Lancaster Sound, Nunavut. The environmental group believes they “continue to obstruct conservation efforts” in Lancaster Sound, Nunavut, which is said to be one of the world’s richest areas for marine mammal and harbours one of the highest densities of polar bears in the Canadian Arctic. While the federal registrar has refused to delist the permits…

Image: Shell Global

Obama Defends Arctic Oil Drilling

United States' President Barack Obama defends his decision to allow Royal Dutch Shell to drill for oil in the Arctic Ocean. He insisted that there was no contradiction between his climate change agenda and Arctic drilling. “I share people's concerns about offshore drilling,” Obama said, while emphasizing that Shell bought its exploration leases before he took office. His televised message did not stop several environmentalist organizations from criticizing the contradictions in his words and policies.

Photo: NJSC Naftogaz

Ukraine, Frontera Sign Construction of LNG Terminal

Ukraine's NJSC Naftogaz signed a memorandum of understanding with U.S. Frontera Resources on the construction of a liquefied natural gas (LNG) terminal in Ukraine, according to Ukrainian Prime Minister Arseniy Yatsenyuk. "U.S.-based Frontera will begin the construction of an LNG terminal and launch natural gas shipments to Ukraine through this terminal," Yatsenyuk said. He added that the project, which was launched in 2012 but suspended in 2013 due to inadequate investment, will allow Ukraine to import LNG from Georgia through the Black Sea.

Polar bear Photo WWF

U.S. Draft Recovery Plan for Threatened Polar Bears

U.S. wildlife managers released on Thursday a draft plan for stemming the decline of polar bears threatened by melting Arctic sea ice linked to global warming, but the proposal hinges on reductions in greenhouse gas emissions that are far from assured. Under a plan to be officially submitted on Monday for public comment, the U.S. Fish and Wildlife Service is urging cutbacks in carbon dioxide and other atmospheric pollutants generated by the burning of fossil fuels. The draft proposal…

Pacific Walrus

Shell's Arctic Drilling a Threat for Pacific Walrus

A number of environmental groups are asking the Department of the Interior to rescind permission Shell has been granted to begin exploratory drilling in the Arctic this summer because the company's plan would not protect the walrus. Shell's plan would violate federal rules limiting how closely a company can drill multiple wells, Earthjustice argued in a letter to Interior Secretary Sally Jewell, sent on behalf of 10 other groups. The rules, issued in 2013 by the Fish and Wildlife Service under the Marine Mammal Protection Act…

Shanghai Opening (Photo: C-Mar)

Dynamic Positioning Training Center Launched in Shanghai

C-MAR, an international marine and offshore services provider, and the Shanghai Maritime University (SMU) has officially launched the Dynamic Positioning training facility (DPC-SMU) at a special ceremony in Shanghai. In the first joint venture of its kind, C-MAR will provide dynamic positioning (DP) training to Chinese nationals and vessel operators in the offshore oil and gas sector, bringing the company’s extensive experience and expertise to the world’s fastest growing maritime sector.

The 32,000 ton British Victory leaving the fitting wharf.  HMS Hermes on the left and HMS Majestic in the distance.

BP Shipping Marks its 100th Year

BP Shipping today celebrates its 100-year anniversary, making it the longest continually operating company in the BP group. Formed on April 30, 1915 as the British Tanker Company, the business has adapted to significant world events including two world wars, the Great Depression, closures of the Suez Canal, and the impact of oil nationalisations on the world economy and the movement of oil and gas. BP Shipping has also played its role in the evolution of safer and more environmentally sustainable shipping practices including inert gas systems…

RINA

Maritime Innovation Award for Subsea Industries

The 2014 Maritime Innovation Award, given jointly by the Royal Institution of Naval Architects and QinetiQ, has been presented to Subsea Industries for the product Ecolock. The Maritime Innovation Award is presented to an individual or organisation in recognition of outstanding scientific or technological research in hydrodynamics, propulsion, structures and material which offers the potential to make significant improvements in the design, construction and operation of marine vessels and structures.

C-MAR, SMU Open China-UK DP Training Facility

C-MAR and the Shanghai Maritime University (SMU) has officially launched the Dynamic Positioning training facility (DPC-SMU) at a special ceremony in Shanghai. In the first joint venture of its kind, C-MAR will provide dynamic positioning (DP) training to Chinese nationals and vessel operators in the offshore oil and gas sector. With 50% of the world’s crude oil passing through the South China Sea and an increase in oil and gas exploration and production activity, the need has never been greater for more domestic operators able to work in deep waters and challenging environments.

CindyTaylor

Taylor to Chair NOIA Board

The National Ocean Industries Association (NOIA) Board of Directors has elected Cindy B. Taylor as Chair and Kevin McEvoy as Vice Chairman for the upcoming 2015-2016 term. Taylor and McEvoy assumed their positions at the NOIA Annual Meeting today in Washington, DC. Since 2007, Cindy has served as President and Chief Executive Officer of Oil States International, Inc., a publicly traded diversified oilfield services company headquartered in Houston. She also serves on the company’s board of directors, and has been NOIA’s Vice Chair for the 2014 -2015 term.

Prime Minister of Norway Erna Solberg and Indonesian President Joko Widodo (By dfa-deplu)

Indonesia, Norway to Cooperate on Deep Sea Technology

Indonesian President Joko Widodo and Prime Minister of Norway Erna Solberg agreed to cooperate on deep sea technology for oil and gas exploration and maritime sector. Norway has been advanced on deep sea technology and Indonesia thinks it is beneficial to have cooperation in this sector because many of its oil reserve are located in deep sea," Indonesian Energy and Mines Minister Sudirman Said said. Most of Indonesia's oil and gas reserves are located in deep sea in the eastern part of the country.