VBMS awarded EnBW Hohe See cabling contract
Royal Boskalis Westminster N.V. (Boskalis) announces that its subsidiary VBMS has been awarded an inter-array cabling contract with a value of approximately EUR 80 million by EnBW Hohe See GmbH & Co.KG for the 500 MW EnBW Hohe See Offshore Wind Farm. The contract includes the supply, installation and burial as well as termination and testing of seventy nine (79) 33kV inter-array cables. The project execution will commence in 2017 with cable installation activities scheduled for 2018 and 2019.
ExxonMobil inks patent agreement with Pason Systems
ExxonMobil has awarded to Pason Systems, Inc. the first global license of its patented Drilling Advisory System, a key component of the company’s Fast Drill technology suite. The licensing agreement accelerates the technology’s commercialization by combining Pason’s expertise in drilling data and ExxonMobil’s experience in drilling surveillance and optimization. Fast Drill combines high-end modeling of drilling physics with structured well planning and design to identify limiters and maximize performance.
Bourbon wins Pipelay EPCI Contract for Hylia Project
Bourbon announced its first pipelay contract awarded by Total Gabon for the engineering, procurement, construction and installation of 25 km of 6” rigid pipeline as part of the Hylia Water Injection Project using Zap-Lok technology. For the execution of this contract, BOURBON is subcontracting key suppliers, mainly Cortez Subsea, for pipelay equipment and Wood Group for the pipeline design and pipelay engineering. Operations are scheduled to start in Q2 2017 offshore Gabon with an MPSV from the Bourbon Evolution 800 series.
Genoil Signs MOU for LSFO Collaboration with Bomin
Genoil Inc, (GNOLF) announced the signing of a Memorandum of Understanding (MOU) with the Bomin Group. The MOU sees the two companies confirm their mutual intent to provide a framework, which will aim to develop a co-operation agreement to supply the market with compliant low sulphur products, utilising Genoil’s technology, in conjunction with Bomin’s global physical supply and storage infrastructure. Genoil’s proprietary technology, the Hydroconversion Upgrader (GHU)…
SPE Lecturer Series Agenda, Speakers Finalized
The Society of Petroleum Engineers (SPE) Aberdeen Section has secured three international oil and gas industry experts to give a series of presentations over the next three months. Each year, as part of its mission to collect, disseminate and exchange technical knowledge, the Society of Petroleum Engineers (SPE) appoints a group of professionals who have been nominated by their peers to share knowledge and expertise through visits to local SPE Sections around the world. These global industry experts are known as SPE Distinguished Lecturers.
ABB wins Indian power transmission link deal
ABB has teamed up with India’s national electricity grid operator Power Grid Corporation of India Limited (POWERGRID) in a mega project worth over $640 million for ABB to deliver a transmission link that will have the capacity to bring reliable electricity to more than 80 million people. The Raigarh-Pugalur 800 kilovolt (kV) ultra-high-voltage direct current (UHVDC) system will connect Raigarh in Central India to Pugalur in the southern state of Tamil Nadu. The 1,830 kilometer (km) link will be among the longest in the world.
US Denies Atlantic Seismic G&G Permits
The U.S. Bureau of Ocean Energy Management (BOEM) has denied six pending geophysical and geological (G&G) permit applications to conduct airgun seismic surveys in the Mid- and South Atlantic Planning Areas of the Atlantic Ocean. In announcing its decision BOEM cited a number of factors, including a diminished need for additional seismic survey information because the Atlantic Program Area has been removed from the 2017-2022 Outer Continental Shelf Oil and Gas Leasing Program.
Rosneft Purchase Leads $82 bln Spree by Sovereign Investors in 2016
Qatar's purchase of a stake in Russian oil company Rosneft last month crowned a year of mega-acquisitions by sovereign investors in 2016, with total deal value rising 22 percent to $82 billion whilst the number of transactions held steady. Other high-profile 2016 deals involving sovereign investors - a category consisting of wealth funds, central banks and state-run pension funds - included Melbourne Port and a stake in ride-hailing app Uber. The plunge in the pound in the wake of Brexit attracted some foreign buyers to UK real estate…
Forum Delivers 350th RT Torque Machine
Forum Energy Technologies, Inc. said it has designed, manufactured, tested and delivered its 350th rotational torque (RT) torque machine to TAM International, a globally recognized downhole inflatable packer leader. The torque machine, or bucking unit as it is commonly referred, was manufactured at the Forum AMC facility in Aberdeen, U.K. This represents the sixth unit that TAM has purchased from Forum in three years, and is a testament to TAM’s growth plans, as well as their trust in Forum’s equipment and global support network.
New In-line System for Natural Gas Dehydration
ExxonMobil said it has developed new technology to dehydrate natural gas using a patented absorption system inside pipes and replace the need for conventional dehydration tower technology. This “in-line” technology, called cMISTTM, could be deployed at both land-based and offshore natural gas production operations. The new technology, developed and extensively field-tested by ExxonMobil, is said to more efficiently remove water vapor present during the production of natural gas.
Albacom Expands O&G Capabilities
Albacom, a Dundee-based leading technology company, has relaunched its Surface Technology division after a £250,000 investment, which was supported by Scottish Enterprise. The Surface Engineering and Machining division expands Albacom’s capabilities in the oil and gas sector and allows the company to offer customers a fully integrated service and turnkey solutions. Albacom has invested significantly in diverse manufacturing, repair and maintenance technology and recruited four new members of staff to support the division’s development.
Schlumberger Acquires Peak Well Systems
Schlumberger today announced the acquisition of Peak Well Systems (Peak), a leading specialist in the design and development of advanced downhole tools for flow control, well intervention and well integrity. The addition of Peak’s mechanical and remedial solutions for cased-hole well intervention strengthens the Schlumberger Production Services portfolio with a broader offering of mechanical services to its global customers. “In the past few years…
Technip Bags Gas & Petrochemical Complex contract in Azerbaijan
Technip has been awarded by SOCAR GPC a service contract for the ethylene and cryomax technology licenses respectively for a petrochemical complex and for the NGL(1) recovery section of a gas processing plant, which is part of a new gas and petrochemical complex, located in Garadagh, Azerbaijan. Technip has also been awarded a contract for the development of the process and engineering design of all the process units included in the gas and petrochemical plant*, as well as the design of the related utilities and off-sites.
Shale Gas Operations: Protecting Water is Central
Natural gas can be safely produced from the Northern Territory’s deep shale rocks without affecting precious water resources, according to a respected local environmental scientist. In a video produced by APPEA, Ray Hall, Managing Director at Darwin-based EcOz Environmental Services, says the oil and gas industry’s drilling and well casing methods have a proven track record of minimal environmental impact. “In all of my research, the actual activity of extracting shale gas from the ground has not resulted in any documented environmental incidents…
Petrobras, Total ink Strategic Alliance Deal
Petrobras signed a Master Agreement with French outfit Total today related to the strategic collaboration set forth in the memorandum of understanding signed on October 24 by our CEO Pedro Parente and Total CEO Patrick Pouyanné. Under the new agreement, Petrobras will substantially increase the level of technological cooperation in the fields of geosciences, subsea systems, and in joint studies in areas of mutual interest with a view to reducing the risks of investments and increasing the likelihood of exploration success in the coming years.
DNV GL forms Committee for Offshore Equipment Manufacturers
The NAOEMC is comprised of a group of industry experts and leaders that establish expectations and align the industry for future growth and development in offshore equipment manufacturing. The formation and sponsorship of industry committees is a longstanding tradition within DNV GL. The current market situation is more conducive to establishing the NAOEMC, as all stakeholders recognize the shift to “work smarter, not harder” and see value in partnership and collaboration.
Aker BP Fires up Ivar Aasen
The first oil is produced by Ivar Aasen field in the North Sea. The start is in line with the plan, and the development is completed within budget. Aker BP is operator of the field, which started production on 24 December 2016. First oil from Ivar Aasen field comes four years after the plan for development and operation ( PDO ) was submitted. The plan sets a target for production start in fourth quarter 2016. CEO Karl Johnny Hersvik Aker BP is very pleased that the development is carried out accordingly.
Chinese Teapot Closes Acquisition of Shell Malaysia Stake
Private Chinese refiner Shandong Hengyuan Petrochemical Co closed a $66.3 million acquisition of a stake in Royal Dutch Shell's Malaysia oil plant on Thursday, according to Shell and a local media report. Hengyuan Petrochemical agreed in February to buy a 51 percent stake in the 156,000 barrels per day refinery at Port Dickson, becoming one of the few smaller refining firms in China to own an overseas refinery. Citing senior company executives attending a deal-closing ceremony in Kuala Lumpur…
30 years of Gullfaks oil - Statoil
Gullfaks was something of a final exam for Statoil – the first field where the company was both developer and operator. Since production started on 22 December 1986, 2.6 billion barrels of oil have passed the loading buoys. "Gullfaks is a prime example of the best that this industry has achieved in Norway," says Gunnar Nakken, senior vice president for the operations west cluster. He points out that Gullfaks also played a key role in Statoil's development as an operating company.
Schlumberger Signs Two Transocean Service Agreements
Cameron, a Schlumberger company, signed two 10-year pressure control equipment management service contracts on behalf of Transocean valued at greater than $350 million. The first contract calls for Schlumberger to manage Transocean’s Cameron risers in the Gulf of Mexico. This comprehensive agreement includes storage, maintenance, inspection, repair, recertification and data-driven riser management on the rigs. Through the second contract, Schlumberger…
How to Find a Stuck PIG in a Subsea Pipeline
Shutting down a subsea pipeline as a result of a PIG blocking up the system can cost a business tens of millions of dollars in lost production. Industrial technology specialist Tracerco is on hand to guide you on remedying a blocked subsea pipeline as a result of a stuck PIG in the quickest time possible. A stuck PIG not only creates an immediate production issue which will impact on a business’ revenue, but it also has the potential to pose an EHS risk.
GMC Wins Third North Sea Caisson Build Contract
GMC Limited has announced that following its two recent caisson awards from North Sea operators, the company has been awarded a third caisson fabrications contract. All three awards will utilize GMC’s unique multi-tooth mechanical connector, specifically designed for replacement caisson applications. GMC continues to expand its Sea Water Lift (SWL) caisson replacement service in providing Operators with a fully managed caisson fabrication service, including client specific coating requirements, and often working to tight delivery schedules.
Advanced database for Grid Integration of Renewables
Australia’s most advanced database of Australian and international renewable energy grid integration projects has been released to support innovation in Australia’s energy system. The Renewables Integration Stocktake is an online, exportable database that currently catalogues 233 projects that add to Australia’s collective knowledge and experience of integrating renewable energy into electricity networks. It provides a one-stop-shop for information on current projects, along with the outcomes of past efforts.
Conquest Offshore Partakes in Troll Solution Wreck Removal
Conquest Offshore’s MB-1 heavy lift barge was the key asset in the largest wreck removal recorded in 2016. Conquest MB-1 removed the Troll Solution jack-up rig from the seabed 30 meters deep of the Bay of Campeche, Mexico. The accident occurred back in May 2015 when the Troll Solution tilted during the positioning to carry out maintenance work related to the Caan Alf production platform, operated by PEMEX, Mexico’s National Oil Company. The jack-up tilted due to a fault in one of its legs, causing it to sink into the seabed, according to local sources.
Statoil's Troll B to Produce for 8-10 Years More
Norwegian oil firm Statoil said on Tuesday: "During the past years Troll B has had a "flat" production profile thanks to an efficient and active drilling programme as well as technology development and implementation," said Lars Hoeier, vice president of Troll operations in a statement "We still forecast another 8-10 years of oil production on the platform," he added Troll B has produced one billion barrels of oil equivalent since it came on stream on 19 September 1995, Statoil said. Reporting by Stine Jacobsen
SPE Aberdeen Invests £ 0.2 mi to support Next Generation
With almost daily reports highlighting the skills gap in Science, Technology, Engineering and Maths (STEM) subjects in the UK, the Society of Petroleum Engineers’ (SPE) Aberdeen Section has reported investing almost £200,000 over the last five years to support initiatives designed around these subjects. SPE Aberdeen’s Schools and Careers Guidance Committee plays a significant role in encouraging young people to study STEM subjects, which are fundamental to the energy industry’s future workforce.
Wärtsilä Biohybrid plant for Germany
Wärtsilä has been awarded the contract to supply a biohybrid production plant to the German energy company, Erdgas Südwest GmbH. The new plant will produce both bioLNG (liquefied biogas) and LNG. The contract with Wärtsilä was signed in December, and delivery will be made on a fast-track basis. The Wärtsilä delivery will include the company's unique liquefaction system. Moreover, the system is specially designed to clean and liquefy both biogas and pipeline gas streams.
Rumaila Oilfield Hits 3 bln barrel Record
The Rumaila Operating Organisation (ROO), composed of BP, PetroChina and the South Oil Company of Iraq, today announced that the Rumaila oilfield has produced three billion barrels of oil since the joint venture began operating in January 2010. During the past six years the oil produced from Rumaila has provided the Iraqi state with an estimated $200 billion dollars in revenue. Oil production at Rumaila is now at its highest rate in 27 years, producing over 1.45 million barrels per day (bpd), up from 1 million in 2009.
Emerson Launches Roxar API
Emerson Automation Solutions has launched the Roxar API (Application Programming Interface), its extensibility solution for reservoir modeling and, in particular, for its industry leading software Roxar RMS. The Roxar API helps operators customize their workflows to achieve specific goals; improves data management capabilities with greater interoperability and flexibility; preserves vital reservoir information across multiple-stage workflows; and…
Significant Advances in Well-SENSE Technology
Aberdeen-based downhole technology specialist, Well-SENSE Technology Ltd has announced a major breakthrough in the progression of its ground-breaking FibreLine Intervention (FLI) technology. After a period of intense development, the system has recently exceeded expectations whilst undergoing rigorous testing and trials. It’s been proven that fibre optics can be repeatedly and reliably retrofitted into a well using the FLI system. An integral part…
Cyberhawk soars in Middle East market with oil and gas
World leader in Unmanned Aerial Vehicle (UAV) inspection and survey, Cyberhawk Innovations, has reported another impressive year in the international oil and gas sector. Most recently, the company has secured a three year framework with Dubai Petroleum for UAV inspections across all of its offshore assets. The agreement, which has the option to renew on a yearly basis for two years, was awarded to Cyberhawk following the successful completion of work for Dubai Petroleum in 2015.
NOVATEK Signs MOU with Mitsui
Taking the opportunity of the meeting between the President of Russian Federation Vladimir Putin and the Prime Minister of Japan Shinzo Abe, PAO NOVATEK (“NOVATEK”) signed a Memorandum of Understanding (MOU) with Mitsui. According to the MOU, the parties intend to pursue strategic cooperation in the upstream and liquefaction sectors in Russia, LNG and liquid hydrocarbons supply, equipment and technology supply as well as joint development of LNG markets.
International Expansion leads to success for Exceed
Well management and performance improvement specialist Exceed has reported a positive year in 2016, including a recruitment drive resulting from increased activity both internationally and in the North Sea. Exceed has also seen an increased requirement for engineering studies in 2016, with pre-feasibility engineering work, late life asset management and liability studies conducted on behalf of clients such as Faroe Petroleum, Boskalis, Verus Petroleum, The Oil & Gas Authority, Serica Energy and Houlder Marine.
BP Gets 10% Stake in Abu Dhabi’s ADCO
BP today signed an agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil Company (ADNOC) that grants BP a 10% interest in Abu Dhabi’s ADCO onshore oil concession, which has a life of 40 years. In addition to the interest in the ADCO concession, BP becomes a 10% shareholder in ADCO, the Abu Dhabi Company for Onshore Petroleum Operations Limited, which operates the concession. The agreement includes BP becoming asset leader for the Bab asset group within the concession.
Statoil Wins Offshore Wind Lease in New York
Just days after Deepwater Wind said its Block Island Wind Farm has begun delivering electricity into the New England region’s grid, Statoil reports that it has been declared the provisional winner of the U.S. government’s wind lease sale of 79,350 acres offshore New York. Statoil will now have the opportunity to explore the potential development of an offshore wind farm to provide New York City and Long Island with a significant, long-term source of renewable electricity.
SolarEdge Enhances PV Monitoring
SolarEdge Technologies, Inc. said it has launched advanced communications and management accessories to enhance module-level monitoring and improve O&M operations. In an effort to speed up installation times and to simplify the setup of solar monitoring connections, SolarEdge introduced its GSM Cellular Kit for wireless communication. The GSM cellular kit is suited for locations without broadband infrastructure. With the GSM cellular kit, installers…
US DoE Unfairly Criticized: Kemp
The U.S. Department of Energy has become a lightning rod for criticism in parts of the Republican Party and the fossil fuels industry unhappy about the Obama administration's energy and climate policies. Presidential candidate Rick Perry promised to abolish the Department of Energy along with the Departments of Commerce and Education during a debate in 2011. Perry's views on the department's usefulness may evolve now he has been selected to lead it in a future Trump administration ("Trump picks climate sceptic Perry for top U.S.
Petrobras' Production Crosses 1 bln barrels
On Wednesday, December 14, Petrobras and its partners celebrated a milestone: they have now produced 1 billion barrels of oil in the pre-salt layer. This total output was achieved just six years after the first production system came on stream in Santos Basin, in Lula field, and 10 years after the first discovery, in 2006, demonstrating Petrobras’ technical capacity. This performance is unparalleled in the global history of offshore oil production and compares favorably with other important oil-producing areas around the world.
Maritime Reporter TV Goes "Mobile" with DNV GL
On December 13, 2016, Knut Ørbeck-Nilssen, CEO Maritime, DNV GL, conducted an interview with Maritime Reporter TV's Greg Trauthwein at DNV GL's Washington, DC office. Ørbeck-Nilssen provided candid commentary on the pace and direction of the offshore and maritime market recoveries, providing unique insights on everything from the evolution of "Big Data" to challenges posed by regulation, specifically the recently ratified Ballast Water Management Technology rules and the new mandate to cut sulfur in marine fuels from 3.0% to 0.5% by 2020.
Shell's Search for Oil Moves Closer to Home
In the waters off Malaysia, Royal Dutch Shell is finding gas quickly and cheaply to replenish depleting fields where only a few years ago geologists had lost hope of discovering any new reserves. The Anglo-Dutch group is combining the latest technology with the wisdom of industry veterans to unlock new oil and gas deposits where it already operates, usually within 20 km (12 miles) of existing platforms. The result has been a string of finds which…
Bollinger Delivers 21st USCG FRC
Bollinger Shipyards has delivered the USCGC JOHN MCCORMICK, the 21st Fast Response Cutter (FRC) to the U.S. Coast Guard. The 154 foot patrol craft USCGC JOHN MCCORMICK is the 21st vessel in the Coast Guard's Sentinel-class FRC program, and the first FRC to be stationed at Ketchikan, Alaska. The FRC has been described as an operational “game changer,” by senior Coast Guard officials. Previous cutters have been stationed in the 7th Coast Guard District in Florida or San Juan, PR, and two have been stationed in the 5th Coast Guard District in Cape May, NJ.
Trump Picks Rick Perry for Top US Energy Job
President-elect Donald Trump on Wednesday named former Texas Governor Rick Perry to head the U.S. Department of Energy, handing the job to a climate change skeptic with close ties to the oil industry who once proposed abolishing the department. The choice adds to a list of drilling proponents who have been tapped for top jobs in Trump's administration, pleasing an industry eager for expansion but worrying environmental groups concerned by the U.S. role in global climate change. Trump, who takes office on Jan.
Lokring Northern expands Aberdeen office
Lokring Northern (UK), provider of advanced fluid and gas transfer connectors, has announced the expansion of its Aberdeen office to accommodate company growth and increasing staff numbers. The new premises are double the size of the previous Aberdeen headquarters, with capacity for improved training facilities and office space. Commenting on the company’s evolution, Lokring Northern’s Technical Sales Manager, Donal Heery, said: “We are successfully implementing our strategic growth plans…
NextDecade in FSRU Deal with Flex LNG
NextDecade Global Solutions, a subsidiary of NextDecade, LLC, and FLEX LNG have signed a Heads of Agreement (HOA) to create a full value chain solution for customers looking to purchase LNG from NextDecade’s Rio Grande LNG export project in Brownsville, TX. Initially, NextDecade and FLEX LNG will develop Floating Storage and Regasification Unit (FSRU) and dockside solutions for international customers of NextDecade’s, with the LNG supply also provided by NextDecade.
Coal Demand Growth to Stall as Appetite Wanes - IEA
Growth in global coal demand will stall over the next five years as the appetite for the fuel wanes and other energy sources gain ground, according to the latest coal forecast from the International Energy Agency. The share of coal in the power generation mix will drop to 36% by 2021, down from 41% in 2014, the IEA said in the latest Medium-Term Coal Market Report, driven by lower demand from China and the United States, along with fast growth of renewables and strong focus on energy efficiency.
Technip, Chemetry Ink eShuttle Technology Deal
Technip and Chemetry have signed an exclusive cooperation agreement for the licensing and engineering of Chemetry’s eShuttle technology for the production of ethylene dichloride (EDC). EDC is a commodity chemical produced worldwide and used primarily for PVC(1) plastic production. The technology significantly lowers energy use, reduces the carbon footprint and improves the safety of the chlor-alkali and EDC industries. The technology uses a unique metal halide ion process to produce high purity EDC without the generation of harmful chlorine gas.
US Maritime Technology Export Initiative: Application Open
The Maritime Alliance (TMA) has partnered with the International Trade Administration, part of the U.S. Department of Commerce, to organize and partially fund an initiative to increase exports from small maritime technology companies (typically $2 million revenue and 20 people or below with limited trade show experience) from throughout the United States. With partial funding through the Market Development Cooperator Program (MDCP), this three-year export initiative will focus on markets primarily in Europe and Latin America…
DSME, Kongsberg Maritime Join Forces
DSME and Kongsberg Maritime have signed a Joint Development Agreement (JDA) for a new LNG FSRU regasification control system. As part of the delivery scope for a vessel currently under construction at the Okpo shipyard in South Korea, DSME will develop a High Fidelity Dynamic Simulator for the regasification plant. The JDA, which was signed on 29th November 2016, enables DSME to utilise Kongsberg Maritime’s Dynamic Process Simulator ‘K-Spice’ and…
Subsea Integration Alliance Awarded Deepwater Integrated EPCIC Contract
Subsea Integration Alliance has announced the industry’s first deepwater integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) multiphase boosting system award. This award, by Murphy Exploration & Production Company–USA, a subsidiary of Murphy Oil Corporation, is for the industry’s longest deepwater subsea multiphase boosting tieback. Building on a track record of numerous engineering studies, this is the first EPCIC project award for Subsea Integration Alliance…
EU Postpones Carbon Market Reform Vote
Lawmakers still divided on proposed reforms. A vote by European lawmakers on an overhaul of the EU's Emissions Trading System (ETS) will be postponed until Dec. 15 because major parties remain divided over how far the reforms should go, EU sources said on Monday. The European Parliament's environment committee, which had been due to vote on Thursday, has the lead on reviewing the European Commission's proposal to reform the ETS. The cap-and-trade system is designed to make big polluters…
Morgan Stanley Focuses on Smaller, Smarter Trades
Nancy King, global head of commodities trading at Morgan Stanley, has spent the last few years remodeling what used to be one of the most profitable units on Wall Street, by downsizing and focusing on smaller, smart trades for customers instead of the big, risky bets it used to make on its own account. The shift in strategy, which has cut the size of Morgan Stanley's commodities business by roughly two thirds, was largely forced on the bank by post-financial crisis regulations that banned banks from using their own money on potentially risky speculation…
BP's Mad Dog Leads the Way Back to GoM
BP Plc's decision to move ahead with a $9 billion project to drill in the Gulf of Mexico is the first step toward major oil companies moving forward with U.S. offshore plans postponed during crude's price rout. Exploration and development of new wells in the Gulf slowed as crude prices cratered from over $100 a barrel in 2014 to a low of $26.05 early this year. The project, known as Mad Dog Phase 2, is the first new Gulf platform to be sanctioned in a year and a half…
Mexico Deep Water Push Leverages Geophysical Data
The data rush of the past two years by many top geophysical companies has sparked some of the biggest imaging projects ever for technology also used to hunt for the ruins of ancient civilizations and explain the fate of the dinosaurs. "What they're doing is literally rewriting the geological model of the Gulf of Mexico," Juan Carlos Zepeda, head of the national hydrocarbons commission (CNH), Mexico's oil regulator, said ahead of Monday's deep water auctions where the likes of Chevron and BP are expected to participate.
PBES, Høglund Marine Join Forces
PBES and Høglund Marine Automation today announced a partnership agreement to industrial quality energy storage for hybrid and fully electric commercial marine vessels. The partnership agreement underscores the on-going green shift that is now occurring in the commercial marine industry. Leading marine controls and automation company Høglund sees the future. Commercial vessels increasingly rely on automation in day-to-day operation. In keeping with their cutting edge thinking and innovative designs…
U.S. Shale Greater Threat to OPEC After Oil Price War
In a corner of the prolific Bakken shale play in North Dakota, oil companies can now pump crude at a price almost as low as that enjoyed by OPEC giants Iran and Iraq. Until a few years ago it was unprofitable to produce oil from shale in the United States. But the steep slide in costs has U.S. shale operators poised to capitalize on Wednesday's decision by the Organization of the Petroleum Exporting Countries to cap output for the first time in eight years.
Yaskawa Announces Expansion Plan in Europe
Japanese technology group Yaskawa announced that it will intensify its presence in Europe, with the aim of becoming one of the two leading manufacturers of industrial robots in strategic target markets in the medium term. This investment plan follows a successful first wave of expansion initiated in 2014, which included the acquisition of The Switch, one of the leading manufacturers of advanced drive train technology for the marine, wind energy and industrial sectors.
Aker/DNV GL Ink Frame Agreement
Aker BP has awarded a new frame agreement to DNV GL, covering a wide range of safety, verification, inspection and classification services across its installations on the Norwegian Continental Shelf. The five-year contract, which includes options for extension, will see DNV GL experts integrated into Aker BP’s organization to provide decision-making support and stand-alone assessments. “This contract represents an important step forward in DNV GL’s long relationship with BP Norway and Det norske oljeselskap…
DNV GL Awards Component Certificate to Ingeteam
DNV GL has awarded a component certificate to Spanish technology company Ingeteam for its new wind frequency converter INGECON WIND DFM 3000 family. The INGECON WIND Full Converter MV Series 3000-10000. The converter family is built for easy maintenance, optimized to be compatible with all generator technologies and suitable for on and offshore applications. Ingeteam’s newest wind frequency converter is the first electrical component certified according to DNV GL’s new Certification Scheme for type and component certification of wind turbines…
EnerMech Forms US Partnership with Hydratron
EnerMech has signed a distributorship agreement with Pressure Technologies Plc owned company Hydratron which covers North, South and Central America. In addition to providing sales and technical support for Hydratron’s range of high pressure and flow control products, EnerMech will also act as a service and build-center for the Americas. Formed more than 35 years ago, Hydratron are widely recognized for creating innovative high-quality products and solutions that provide performance assurance.
SEA\LNG welcomes Two new Partners
SEA\LNG - which works to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel - has welcomed two new partners, each representing key aspects of the LNG maritime value chain. The recent decision by the International Maritime Organization Marine Environment Protection Committee to enforce the global 0.5% cap on the sulphur content of marine fuel by 2020 has significantly increased interest in LNG as a cost effective, safe and more environmentally friendly fuel.
MacGregor Wins Davit systems Order for Two SOVs
MacGregor has won davit orders for two low-emission 81m service operation vessels (SOVs) designed to act as 'mother-ships' for wind turbine technicians. The contracts have been placed by Spanish shipyard GONDAN, responsible for the construction of the SOVs. The order was booked in Cargotec's 2016 third quarter order intake. The SOVs have been ordered by Norwegian operator Østensjø Rederi. They will serve UK-headquartered DONG Energy's Race Bank and Project One offshore wind farms in the North Sea.
Hybrid Ferry uses Energy Storage System from Corvus Energy
Scandlines has named their newest hybrid ferry, the M/V Copenhagen. As part of Scandlines’ ambitious environmental strategy, the new hybrid ferry will join the world’s largest fleet of hybrid ferries, utilizing a low emission and fuel saving diesel electric hybrid propulsion system powered by a Corvus Energy ESS (Energy Storage System). The M/V Copenhagen is the sixth Scandlines hybrid ferry to utilize a Corvus ESS. This new hybrid ferry will soon join its sister ship M/V Berlin…
MOL Moves into OSV Field
Mitsui O.S.K. Lines, Ltd. today announced that it has teamed up with Mitsui & Co., Ltd. and AKOFS Offshore AS to purchase the subsea support vessel Skandi Santos from the current shipowner through a three-way joint venture company called Avium Subsea ASand started the business effective on November 23. Brazil’s national oil company, Petróleo Brasileiro S.A., has chartered the Skandi Santos from AKOFS since 2010, using it to install subsea facilities in deep-sea oil and gas fields off Brazil.
Duterte to Open Airwaves, Energy and Power Sectors
Philippine President Rodrigo Duterte on Wednesday said he would open numerous economic sectors to foreign investors and move against protectionism. Speaking in New Zealand after a Asia-Pacific summit in Peru, Duterte said he had decided it was time to speed up the "entry of new players" into energy, power and information and communications technology sectors, as well as freeing up the airwaves. Investors in the Philippines, one of the world's fastest- growing economies…
ARENA Making Electricity Grids Smarter
More than 150 households in NSW and Victoria will take part in an innovative new trial to test how smart inverters can work alongside rooftop solar and home energy storage to cut costs and improve the stability and reliability of Australia’s electricity supply. ARENA CEO Ivor Frischknecht said ARENA was pleased to be supporting the Institute for Sustainable Futures (ISF) trial as part of ARENA’s efforts to accelerate Australia’s transition to an energy system powered by renewables that will serve the needs of Australians into the future.