Oil And Gas Industry News

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…

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…

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…

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…

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…

AsiaPac Oil and Gas Industry Looks Up

Confidence in the outlook for Asia Pacific’s oil and gas industry has more than doubled in the past two years, according to new research published by DNV GL, the technical advisor to the oil and gas industry.According to a new research from DNV GL, three quarters (76%) of senior oil and gas professionals in Asia Pacific are optimistic about the industry’s growth in 2019, compared with 58% in 2018 and 30% in 2017. The proportion of industry leaders who are confident in their own organizations’ prospects has also risen from 59% last year to 74% in 2019.

Cook Inlet Tug & Barge Announces Interim Manager

Project Manager to Temporarily Lead Alaska Operations. Cook Inlet Tug & Barge (CITB), an independently managed subsidiary of Foss Maritime Company, announced that Foss project manager Amber Thomas has been selected as interim Business Operations Manager for Anchorage. Beginning January 2, Thomas will serve as the central point person for administrative and commercial operations, leading all shoreside activities in Anchorage and Seward. Thomas will take on the temporary position while the search continues for a new president to replace former CITB head Ben Stevens.

Gulfport’s Long Road Back From Hurricane Katrina

When Jonathan Daniels, executive director of the Mississippi State Port Authority at Gulfport spoke to the audience at the annual state of the port luncheon July 27, 2018 at the newly rebuilt Island View Casino, he had a lot to offer in terms of jobs. And he had two aces in the hole: SeaOne, an untested compressed liquefied gas company and Yilport, a terminal company operated by an ambitious Turkish port developer. Both had letters of intent dating back two years with much to do.As has been the case since before Daniels took over from Don Allee in 2013…

LNG Report: Floating Liquefaction & Regasification

International Maritime Associates has completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector. Project Success EvaluationThe IMA study is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.

Oil And Gas CEO: New Tech Creates Opportunity

Data from KPMG’s 2018 Oil and Gas CEO Outlook, released Oct. 10, reveals that globally, almost all oil and gas CEOs believe new technology creates opportunities. Eighty-five percent are piloting or have already implemented Artificial Intelligence (AI).However, only 59 percent feel their organization is an active disruptor in their own sector, and 57 percent feel that the lead times to achieve significant progress on transformation can be overwhelming"Technology is disrupting the status quo in the oil and gas industry.

ABS: New Technology to Support Drilling Riser Programs

ABS announced it has issued the first “Concept Verified” Statement of Maturity to Stress Engineering Services (Stress) for its riser CBM program using Real Time Fatigue Monitoring System (RFMS) with Subsea Vibration Data Logger (SVDL) technology, and to LaserStream, LP (LaserStream) for its Bore Erosion Measurement and Inspection System (BEMIS).This is the second of five technology qualification stages to be completed by Stress and LaserStream for new technology that supports…

Deep Casing Tools Re-enters Canada

Aberdeen-based oil field technology firm Deep Casing Tools (DCT), which specialises in the design and manufacture of casing and completion tools, has agreed a pact with a Canadian distributor, ProTorque Connection Technologies (PTCT).The partnership with ProTorque, a tubular running service business, will see Deep Casing Tools re-enter the Canadian market, which historically was a successful region for the company.Deep Casing Tools previously had an office in Alberta, Canada, but during the more challenging times of the oil and gas industry downturn and a reduction in drilling activity…

Gas to Overtake Oil as Primary Energy Source by Mid-2030s

Nearly two-thirds (64%) of oil and gas sector leaders expect to increase or sustain spending on gas projects in 2018, as the sector prepares for gas to overtake oil as the world’s primary energy source in the mid-2030s. Confidence in the case for gas is growing, according to a survey by DNV GL, the technical advisor to the industry. The vast majority (86%) of the 813 senior industry professionals surveyed agree that gas - the least carbon-intensive fossil fuel - will play an increasingly important role in the global energy mix over the next decade, up from 77% last year.

Port of East London to Expand its Petroleum Footprint

More than 100 attendees representing 97 companies have shown keen interest in the Port of East London’s plans to recommission an existing tank in the port for handling of liquid bulk and to introduce a liquid bulk terminal through a 25-year port concession awarded to a private, empowered entity.The companies attended a compulsory briefing on May 9, 2018 held by Transnet National Ports Authority (TNPA). TNPA recently advertised a request for proposals (RFP) – reference number TNPA 2017/01/013/CM – with the intention to appoint a terminal operator to finance…

Noatum Maritime Opens Houston Office

Noatum Maritime Services, the maritime services division of Noatum Maritime, has opened new offices in Houston (US) including commercial offices and a warehouse through its Marmedsa Oil & Gas division.Initially, Marmedsa USA will focus on the provision of specialized services to the gas and oil drilling industry, reinforcing the solutions offered by Noatum Maritime Services through its Marmedsa Oil & Gas division.Established in 2015 and led by Federico Lopez, the Oil & Gas division…

Crowley Hires Sullivan in VP Role

David Sullivan has joined Crowley Maritime Corp. as vice president, business development and capture management, government services.Sullivan will be based in Jacksonville and report to Todd Busch, senior vice president and general manager, Crowley SOLUTIONS. Sullivan will lead Crowley’s government business development team to strategically identify the needs of government and military customers and provide them with solutions using the company’s wide-ranging suite of services.

U.S. Coast Guard Honors Foss Exec Johnson

The U.S. Coast Guard awarded Grant Johnson, Foss Maritime's Vice President for Health, Safety, Quality and Environment (HSQE), with a Meritorious Public Service Award in recognition of his achievements as a member and Vice Chair of the National Offshore Safety Advisory Committee. The award is the Coast Guard’s second highest service award, and was presented at a meeting of the National Offshore Safety Advisory Committee on March 28, in New Orleans. Johnson joined the committee in 2011 and has served as Vice Chair for the last five years.

Interventek Appoints Stuart as Business Development Director

Interventek Subsea Engineering has announced the appointment of Bruce Stuart to the role of Sales and Business Development Director. Stuart brings with him over 30 years of commercial leadership experience and in-depth operational knowledge of the oil and gas industry. Stuart joins Interventek from Proserv where he was VP Business Development Subsea, having previously held a seven year tenure at FMC Technologies, responsible for U.K. and Canada sales and marketing for their subsea products and systems.

Emas Offshore CEO Capt. Adarash Kumar Resigns

Singapore-based Emas Offshore announced that CEO and Executive Director Capt. Adarash Kumar has tendered his resignation and his last day of service will be on April 6, 2018. In a stock exchange filing, the operating brand for Ezra Holdings said that Kumar will continue in his duties and responsibilities pending the appointment of a suitable candidate in due course. He was appointed to the Board as Non-Independent, Non-Executive Director on 26 Aug 2014, and re-designated as an Executive Director on 1 May 2015. He was appointed CEO on 25 Sep 2015. Capt.

BW Offshore Gets Contract Extension for FPSO Polvo

BW Offshore has signed an agreement with Petrorio for a one-year extension for the lease and operation of the FPSO Polvo. The firm period has been extended to Q3 2019 (from Q3 2018), with options until Q3 2022. The company has also announced that BW Catcher FPSO received the First Oil Certificate following the successful completion of the 72-hour interim performance test subsequent to the introduction of hydrocarbons on 23rd December 2017. BW Catcher FPSO is owned and operated by BW Offshore and the First Oil Certificate confirms the commencement of a seven-year fixed term contract…

New Solution Helps Meet Lifeboat Regs

The oil and gas industry has just 18 months to upgrade critical release hook systems on offshore lifeboats to meet new regulations imposed by the International Maritime Organization (IMO) to improve safety at sea. According to the organization, the number of failures during drills and inspections which resulted in casualties or injured crew members has been unacceptably high. Launched in 2011, the IMO regulations state that lifeboat release and retrieval systems must be evaluated and replaced no later than July 1, 2019.

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.

Christophe de Margerie Moves 1st Yamal LNG Cargo

On 8 December 2017, the icebreaking LNG carrier Christophe de Margerie completed her first loading at the Port of Sabetta, on the Yamal Peninsular, with her first cargo of liquefied natural gas (LNG) produced at the Yamal LNG plant. The ceremony was attended by: the Russian President Vladimir Putin, together with Sergey Belousov, Aide to the President; Sergey Donskoy, Russia’s Minister for Natural Resources and Environmental Protection among others. Vladimir Putin said: “This is a remarkable day for us all.

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…

BrasFELS Delivers Fifth FPSO Project for MODEC

Keppel Offshore & Marine's (Keppel O&M) wholly owned subsidiary Keppel FELS Brasil's BrasFELS shipyard in Brazil has delivered the Cidade de Campos dos Goytacazes MV29, a Floating Production Storage and Offloading (FPSO) vessel, to repeat customer MODEC Offshore Production Systems (Singapore) Pte. Ltd., an EPCI arm of the MODEC, Inc. group (MODEC). The FPSO was completed safely, on time and within budget, and departed the shipyard recently for the Bananal Bay in Brazil. It will subsequently be deployed in the Tartaruga Verde and Tartaruga Mestiça Fields…