Wanted: Ocean Technology ‘Disruptors’
Technology ‘Disruption’ is the name of the game in ocean technology in 2017, and in-step with Marine Technology Reporter’s 12th Annual “MTR100”, the editors this year will single out the 20 top “Disruptors” of 2017. If you believe your company has a technology or system that should be featured in this special ocean technology focus, skip the online MTR100 application process and email editorial director Greg Trauthwein ([email protected]) or Managing Editor Eric Haun ([email protected]) directly.
World First: Commercial Onshore Remote WROV Ops
Norwegian ingenuity in the subsea space strikes again, as IKM Subsea, based in Bryne, Norway, has opened what it believes is the world’s first commercial onshore controlled ROV operations. In the near future up to three Work class ROVs and one Observation ROV on Statoil’s Snorre B and Visund installations will be controlled from IKM Subsea’s onshore control center. One of the Work Class ROVs (RROV) has been designed and engineered to be permanently based on the seabed and will only be brought to surface for periodic maintenance.
LR Verifies BP FPSO Glen Lyon
The Glen Lyon floating production storage and offloading (FPSO) vessel, BP’s newest North Sea asset, was awarded full-term classification certificates for service in the Schiehallion and Loyal fields, 175 km west of Shetland. Conditions west of Shetland are among the most severe in the UK and Glen Lyon must be capable of operating in extreme weather. Classification means the Glen Lyon FPSO has been verified for operation to the highest levels of safety and performance by LR.
YPF Says Technology Lowering Its Shale Costs
Longer horizontal wells and technology improvements will help Argentine state-run oil company YPF SA lower costs at its most productive shale field, but better infrastructure is still needed in the remote Vaca Muerta play, an executive said. The breakeven price at the Loma Campana field is $43 per barrel and falling while development costs are $12.90 per barrel and expected to fall to $10 next year, said Pablo Bizzotto, executive manager at YPF's unconventional resources unit.
Statoil Cleared to Use Cap-X Drilling Technology – for Now
A ban on Norway's Statoil using a pioneering drilling technology in the Barents Sea was lifted after a plaintiff failed to post security in a patent dispute, a lawyer said on Thursday. A Stavanger court earlier in June upheld an injunction on the technology's use, pending payment of a 20 million Norwegian crown ($2.35 million) security by privately owned NeoDrill. NeoDrill was unable to post the security due to its "very limited economic position".
Statoil's Digitalization Drive
Statoil is establishing a digital center of excellence and launching a roadmap with seven specific programs for digitalization in the company towards 2020. Towards 2020 Statoil expects to invest $120 to $240 million in new digital technologies, accelerating the digital roadmap work. Digital technologies will also be part of other Statoil technology and research projects. “Aiming to be a global digital leader within our core areas, we are now stepping up our efforts to capture opportunities provided by the rapid development within digital technologies…
New Subsea Consultancy: 1CS1
Recently established Aberdeen-based subsea integrity consultancy, 1CSI (1 Consulting Subsea Integrity) has marked the launch of its business with a move into premises at the James Gregory Center in the Aberdeen Innovation Park, Bridge of Don. The company was established in April by Matthew Kennedy and Aleksandra Tomaszek and offers solutions to global subsea challenges. This, includes, but is not limited to, fit-for-purpose assessments of deep water flexible risers through the inspection of concrete coated subsea pipelines…
China Resumes Light Cycle Oil Imports
China has resumed imports of light cycle oil (LCO) after buyers cancelled shipments in April, as a planned Chinese consumption tax has not been announced, four industry sources said this week. Less than 1 million tonnes of LCO are being shipped from South Korea to China in May and June, compared with a peak of 2 million to 3 million tonnes, said two of the sources, both from South Korean refiners. The lower volumes reflects cautious buyers, they said.
Tampnet Awarded Johan Sverdrup Contract
Tampnet, provider of high-capacity, low-latency based telecommunication infrastructure and services for the offshore oil and gas industry, was awarded a contract by Statoil for connecting the Johan Sverdrup field to their existing 2,500km subsea fiber infrastructure in the North Sea. This contract and turn-key project will optimize and strengthen the telecommunication infrastructure for this modern and digitalized field development. Tampnet said its offshore network is built with continuous improvement and expansion in mind.
Sea Swift: New Platform Operational in Egypt
Global offshore engineering solutions provider Aquaterra Energy has designed, fabricated and installed a new Sea Swift platform for PICO Petroleum Integrated Services, the lead contractor for Amal Petroleum Company’s (AMAPETCO) Amal field in the Gulf of Suez, offshore Egypt. The Sea Swift is a Conductor Supported Platform (CSP) and is installed in 23 meters water depth. It included a 385 metric ton topside featuring a helideck and emergency accommodation with provision for six wells.
Eoltech Wins Repeat Contracts
Wind energy consulting firm Eoltech announced that it won contracts from major French customers to deploy IREC-Index. With this advanced multi-source wind energy index, Eoltech will aim to refine the monitoring of 24 wind farms in France, representing a total output of 500MW. IREC-Index will enable Eoltech’s clients to check the consistency of their fleet’s output against the available wind resource to detect potential turbine performance discrepancies.
Sonatrach CEO Urges Simplifying Business, Focus On Output
The new chief of Algeria's state energy company Sonatrach has urged employees to simplify bureaucracy, and focus on the core business of production as the North African state deals with lower oil prices, an internal company letter shows. The message from new CEO Abdelmoumen Ould Kadour was sent to Sonatrach employees just over a month after he took the job as the oil giant's sixth chief executive in seven years, a period marked by instability and a collapse in global crude prices.
Kongsberg Maritime, SES Form Strategic Alliance
Kongsberg Maritime Inc., the North American division of Norway headquartered marine and offshore technology company Kongsberg Maritime, and Houston headquartered Stress Engineering Services (SES) have formed a strategic alliance to better serve existing and new clients with cost effective engineering services and fully integrated technical solutions within offshore drilling and floating production systems. By combining Stress Engineering Services’…
Neoen Chooses O&M Platform for Australian Wind Farm
Neoen, a renewable project developer and owner, has chosen QOS Energy’s innovative O&M management platform to monitor the performance of the 315 MW Hornsdale wind project, which will be among the largest wind farms operating in Australia once fully commissioned. The project, consisting of 96 Siemens 3.2MW wind turbines, is being built in three stages; two of which have been completed. Neoen has deployed Qantum, the IEC compliant energy management SaaS powered by QOS Energy, to monitor the two first stages of the project.
Shell Opens Technology Center in Bangalore
Shell has opened a new major technology hub in Bangalore, India, expanding the company’s R&D activities in Asia. The 52-acre, custom built technology center can house up to 1,500 experts working collaboratively on innovative projects worldwide. Shell Technology Center Bangalore (STCB) brings together R&D staff who previously worked at separate locations in Bangalore and also provides additional space for high-tech innovation and demonstration facilities.
Danfoss, General Electric Join Forces
Danfoss Silicon Power has announced it is establishing production in the U.S. and entering into a collaboration with industrial giant General Electric (GE). The collaboration means that Danfoss Silicon Power will become the world’s leading provider of silicon-carbide (SiC) power modules. The SiC power modules will create smaller, faster, and more effective electronic devices — and are expected to revolutionize the technology within solar and wind energy as well as the future generations of electric and hybrid cars.
Hydro Group Completes MeyGen Contract
Aberdeen-based subsea cable and connector specialist, Hydro Group has completed a contract with technology developer and supplier of tidal turbines, Andritz Hydro Hammerfest (AHH). The agreement saw Hydro Group supply complete connection systems for three turbines on the world’s most advanced multi-turbine tidal stream energy development. This second MeyGen contract followed on from an announcement in November 2015 regarding a contract with Atlantis…
John Crane Discusses Technologies for Managing Gas Emissions
A United Nations panel examining the critical role gas will play in achieving the international organization’s Sustainable Development Goals has invited an expert from John Crane to showcase how the firm’s technology is reducing methane emissions in sectors of the natural gas industry by up to 95%. John Crane is a division of the global technology company Smiths Group Plc. Paul Hosking, senior product marketing manager, gave a presentation at the UN’s Economic Commission for Europe’s Committee on Sustainable Energy to the Group of Experts on Gas.
Yaskawa Invests In Large-capacity Kinetic Energy Storage Company, Teraloop
Yaskawa Electric Corporation has completed a strategic investment in Helsinki-based Teraloop, a startup grid- and utility-scale kinetic energy storage company. This equity investment aims to help Teraloop accelerate the steps needed to bring its patent-pending storage solution to the market within the next two years. The financing will allow the prototype to be finalized for a complete simulation in commercial working conditions. This latest equity…
Vestdavit mission accomplished on Ramform safety
Seatrials are underway in Japan involving Ramform Hyperion, the last of four ships built to the seismic sector’s all-time highest specifications, completing a project that shows the way distinctive design also demands innovation from the equipment keeping ships safely in service. Reckoned to be the widest monohulls at the waterline ever built, the Petroleum Geo-Services (PGS) vessels need a unique Vestdavit dual point boat handling solution to lift and lower tender boats in wave heights up to sea state 6.
BOEM : Potential Cook Inlet Lease Sale
The Bureau of Ocean Energy Management (BOEM) today announced it plans to offer approximately 1.09 million acres in Cook Inlet off Alaska’s southcentral coast in a proposed lease sale this year. Cook Inlet Oil & Gas Lease Sale 244, scheduled to take place in June 2017, would offer 224 blocks toward the northern part of the Cook Inlet Planning Area for leasing. The blocks stretch roughly from Kalgin Island in the north to Augustine Island in the south.
L&T wins $165 mln contract from refiner Indian Oil Corp
A unit of Indian engineering conglomerate Larsen & Toubro has won an onshore engineering, procurement and construction (EPC) contract from Indian Oil Corp Ltd, the country's largest refiner, worth 11 billion rupees ($165 million), it said in a statement on Saturday. L&T Hydrocarbon Engineering won the contract for setting up a 0.74 million metric tonne per annum fluidised cracking unit, including a liquefied petroleum gas treatment facility at IOCL's Bongaigaon refinery in the eastern Indian state of Assam.
MOL Invests in Self-Elevating Platform Vessel Operator
Mitsui O.S.K. Lines, Ltd. today announced a plan to acquire a 5% share in Seajacks International Limited (Seajacks) Group, which owns and operates five Self-Elevating Platform vessels(*1), from Marubeni Corporation. This is a new offshore business for MOL, following FPSO(*2), FSRU (*3), shuttle tanker (*4), and subsea support vessel (*5). It is also the first step to move into the renewable energy business field through involvement in installation of offshore wind power generation systems, which is expanding in Europe and other areas around the world.
Higher profits for Transocean
Transocean Ltd. reported their Fourth Quarter and Full Year 2016 Results. * Operating and maintenance expense was $314 million, including $30 million in favorable items associated with litigation matters. * Adjusted net income was $239 million, $0.63 per diluted share, excluding $13 million of net unfavorable items. * Contract backlog was $11.3 billion as of the February 2017 Fleet Status Report. ZUG, SWITZERLAND-February 23, 2017-Transocean Ltd.
iSURVEY Bags rig positioning, surveying contract with Shell
iSURVEY has secured a non exclusive call-off contract with Shell UK Ltd, Shell NAM, Norske Shell and Shell E&P Ireland for the provision of rig positioning and surveying services. With an effective date of 1 January 2017, the three year contract, which has the option of up to two, one year extensions, will see iSURVEY provide non exclusive rig and surface positioning services, subsurface positioning and dimensional control and platform surveys to Shell’s mobile offshore drilling units.
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.
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.
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.
Novatek Aims to Topple Qatar from LNG Top Spot
Russian gas producer Novatek aims to topple Qatar as the world's biggest exporter of liquefied natural gas as it gets closer to completing its first LNG project, a top executive said, batting away concerns about U.S. sanctions on the sector. The country's largest non-state gas producer is expected to start exporting LNG from the first phase of the Yamal project, situated far above the Arctic circle, towards the end of this year and may bring forward its final stage by six months, CFO Mark Gyetvay said.
GE Wins First Major Deal from Alstom Portfolio, in Romania
General Electric has won a large contract to supply gas power equipment for a new 430 megawatt Romanian power plant, the first major deal to result from its $10.6 billion 2015 acquisition of Alstom's power business. GE will supply all the core technology for the 268 million- euro ($299 million) combined-cycle plant being built in Iernut by Duro Felguera and Romelectro for state gas producer Romgaz. Before the Alstom acquisition, GE would have simply supplied the gas turbines and walked away.
Trelleborg Acquires Automated Dynamics
Trelleborg said it has, through its business area Trelleborg Sealing Solutions, signed an agreement to acquire the U.S.-based privately-owned Automated Dynamics, a specialist manufacture of advanced composite components. The transaction, which is subject to the approval of the relevant authorities, is expected to be finalized in the third quarter of 2017. Trelleborg said it sees composites as a strategic, adjacent technology with high potential in multiple industries…
Big Oil turns to Big Data for Drilling Economies
In today's U.S. shale fields, tiny sensors attached to production gear harvest data on everything from pumping pressure to the heat and rotational speed of drill bits boring into the rocky earth. The sensors are leading Big Oil's mining of so-called big data, with some firms envisioning billions of dollars in savings over time by avoiding outages, managing supplies and identifying safety hazards. The industry has long used sophisticated technologies to find oil and gas.
Oil Edges Up Despite Huge H1 Drop
Prices in H1 have fallen about 20 pct; analysts say demand growth, lower U.S. stocks can support prices. Oil edged up on Friday, recovering from a 10-month low U.S. prices hit earlier this week, but crude remained on course for its biggest first-half decline in almost two decades as production cuts have failed to sufficiently reduce oversupply. Brent crude futures were up 14 cents at $45.36 a barrel at 1138 GMT. U.S. West Texas Intermediate (WTI) crude futures traded at $42.87 a barrel, up 13 cents on their previous close.
UK Mulls Revisiting Oldest North Sea Blocks
Britain wants oil and gas drillers to recover pockets of gas that are more difficult to reach in a part of the North Sea where drilling for fossil fuels started over 50 years ago. Britain's oil regulator, the Oil and Gas Authority (OGA), said on Thursday that some 3.8 trillion cubic feet (tcf) of tight gas remain in the southern North Sea, one of the world's oldest offshore gas extraction areas that has produced more than 40 tcf. Drilling activity…
DNV GL, Goldwind in Wind Power Pact
Goldwind International and DNV GL has signed a Memorandum of Understanding (MoU) for optimizing offshore and onshore wind projects. DNV GL to be preferred independent third-party advisor for performance optimization of offshore and onshore wind projects. DNV GL, the world’s largest resource of independent energy experts and certification body, said in a statement that it has signed MoU with Goldwind International during the Norway-China Partnership for Low Carbon Energy Transition seminar organized by the Beijing Energy Club.
Golar, Delfin to Jointly Develop US FLNG Project
A joint development agreement between Delfin Midstream and Golar LNG Limited will see the two jointly develop the Delfin LNG project off the coast of Cameron Parish, La. The joint development agreement will facilitate the financing, marketing, construction, development and operation of Delfin LNG, the first and only permitted floating LNG (FLNG) export project in the U.S. Delfin LNG is a brownfield Deepwater Port requiring minimal additional infrastructure…
Tropical Storm Cindy Rolls in on US Gulf Coast
Tropical Storm Cindy is likely to hit the Gulf Coast near the Texas-Louisiana border on Wednesday night, threatening to bring flash floods from Texas to Florida, according to the National Hurricane Center. Cindy was located about 165 miles (265 km) south of Morgan City, Louisiana, early on Wednesday with maximum sustained winds of 60 miles (95 km) per hour, the NHC said. The storm was moving northwest at nearly 8 miles (13 km) per hour, and forecasters said they expected this motion to continue until it hits the coast.
John Crane Signs Three-year North Sea Contract
John Crane Asset Management Solutions has secured a three-year £3 million ($3.8 million) contract to provide condition based maintenance services with a major operator in the U.K. North Sea. The work covers rotating equipment across 12 assets and infrastructure sites and includes deployment of a specialist engineer to the operator’s U.K. offices to support reliability improvement. The agreement, which follows a competitive re-tender, extends the contract which John Crane Asset Management Solutions has held for the past eight years.
Offshore Gas Safety atop the Agenda for Martek Marine
Maritime industry technology specialists Martek Marine say it is setting the bar high when it comes to offshore gas safety. The company has developed a first-of-its-kind gas sampling system for a new moored floating production unit, which forms part of the Jangkrik Complex gas fields development in Indonesia. The system has been developed to dramatically improve offshore crew safety through the use of advanced gas sampling technology. The worst offshore disaster in history…
Wind, Solar Energy No Threat to Grid: Industry Study
With the Trump administration expected to publish an analysis that could undermine the U.S. wind and solar industries, two renewable energy lobbying groups on Tuesday released their own study saying new energy sources pose no threat to the country's power grid. Wind and solar advocates have said the government study's outcome appeared to be pre-determined to favor fossil fuel industries. The new report, commissioned by the American Wind Energy Association and Advanced Energy Economy…
Innovators Toil to Revive Canada Oil Sands
In the boreal forests and on the remote prairies of Alberta, a handful of firms are running pilot projects they hope will end a two-decade drought in innovation and stem the exodus of top global energy firms from Canada's oil sands. They are searching for a breakthrough that will cut the cost of pumping the tar-like oil from the country's vast underground bitumen reservoirs and better compete with the booming shale industry in the United States. If they fail, a bigger chunk of the world's third-largest oil reserves will stay in the ground.
OPEC Should Heed Achnacarry Lessons: Kemp
OPEC members are struggling to protect their revenues in the face of renewed competition from U.S. shale producers and other suppliers outside the organisation. OPEC's revenues from petroleum exports have fallen to just $446 billion in 2016 from $1.2 trillion in 2012 ("Annual Statistical Bulletin", OPEC, 2017). But past experience strongly suggests OPEC's effort to stabilise oil inventories and prices while protecting its market share will fail.
US Awards $12 Mln for Wave Energy Projects
Up to $12 million has been awarded by the U.S. Energy Department for four West Coast projects that will aim to develop new technologies for harnessing marine and hydrokinetic (MHK) energy from the nation's oceans and rivers as a means to generate reliable and cost-effective electricity. Two of the projects will test and validate wave energy converter (WEC) prototypes in open water, demonstrating wave energy's potential to compete with other forms of energy in the longer term…
Qatargas to Supply LNG to Shell
Qatargas and Shell have signed a memorandum of understanding (MOU) that will lead to the two companies jointly researching liquefied natural gas (LNG) logistics. Through this joint logistics research collaboration, Qatargas and Shell aim to develop new ways to optimize supply chains to deliver to LNG global markets. The research will be conducted at the Qatar Shell Research & Technology Centre at the Qatar Science & Technology Park. The MOU was signed by Faisal Al Suwaidi…
Norway Wants Oil Companies to Use Technology to Boost Output
Norway wants oil companies to look into using specialised technology to pump more crude and natural gas, the country's petroleum regulator said on Thursday, potentially producing billions of extra barrels as well as tax revenues. Enhanced oil recovery (EOR), such as injection of polymers or carbon dioxide into reservoirs, could help to produce an additional 320-860 million cubic metres (2-5.4 billion barrels) of oil equivalents from the 27 largest fields offshore Norway, industry regulator NPD said.
TechnipFMC & the Future of 'Super-profit Oil'
TechnipFMC’s Andersen discusses the way forward now that “super-profit oil” is over. Ann Kristen Andersen heads up oilfield projects as offshore services and equipment supplier TechnipFMC’s managing director for Norway and Russia. She started her job on the first day of February 2017, a month after a merger that changed the company and has already partly changed an industry beginning to ramp up activity with the oil price buoyant at $55 per barrel.
GE Wins US Antitrust Approval for Baker Hughes Purchase
General Electric Co won U.S. antitrust approval to merge its oil and gas business with Baker Hughes Inc, the Justice Department said on Monday. GE and Baker Hughes announced the deal in October, months after Halliburton's effort to buy Baker Hughes collapsed under pressure from the Justice Department's Antitrust Division. Under the agreement, GE will combine Baker Hughes with its oil and gas business to create a publicly traded company. Following news of the antitrust approval…
Statoil Denies Patent Infringement, Keeps Drilling in the Barents Sea
Norway's Statoil said on Monday it would keep drilling exploration wells in the Barents Sea using what it called "regular equipment" after a court upheld an injunction in a patent dispute over specialised drilling technology. Statoil said the Stavanger court had lifted an injunction on the use of its Cap-X technology in the Blaaman well, where drilling was suspended earlier, but had upheld a ban on the four other Arctic wells planned to be drilled this year. When presenting Cap-X last year, Statoil said it would help reduce drilling costs.
Statoil Eyes Japan, US for Floating Wind Projects
Norwegian oil company Statoil is targeting Japan and the U.S. states of California and Hawaii to expand its floating offshore wind turbine business, the head of its New Energy Solutions business told Reuters. Statoil will later this year open the world's first floating wind turbine park off the coast of Scotland, a technology that allows wind energy to be harnessed further out at sea where wind speeds are typically higher. Statoil's floating wind turbines are anchored in place…
Statoil Calls for World Energy Transformation
In a post on its website, Statoil said it expects substantial changes in the global energy mix. In moving toward a low-carbon energy system, new renewables may increase from just over one percent of total primary energy demand in 2014 to almost 20 percent in 2050, the company said. In a scenario that is consistent with the 2-degree target, oil reduces its share from 31 to 23 percent, while gas remains at around 20 percent. “We believe it is possible to realize energy emission reductions consistent with the 2-degree target…
Partners Aim to Advance Methane Harvesting Tech
Mitsui Engineering & Shipbuilding Co., Ltd. (MES), one of major heavy industry manufacturers in Japan, has partnered MHWirth, a global provider of drilling solutions and services, to harvest shallow methane hydrates from the seabed of the Japan Sea. Methane hydrates generally are categorized as either shallow-type or pore-filling sand-layer type. For pore-filling sand-layer methane hydrates, the studies for the recovery have been conducted since around FY2001 in Japan.
Nations, Industry Pledge EU Offshore Wind Expansion
Germany, Denmark and Belgium joined with 25 companies on Tuesday to back a pledge to increase Europe's offshore wind capacity almost fivefold in the next decade. The joint declaration, signed by energy ministers for the three countries and firms including Dong Energy and Siemens Gamesa, said the countries and companies would work together to deliver 60 gigawatts (GW), or at least 4 GW a year of offshore wind capacity in Europe in the 2020s. "With this Joint Statement…
Global Marine Group Keeping Busy in 2017
Offshore engineering firm the Global Marine Group (GMG) reported a busy first five months of 2017 with a strong outlook for the rest of the year. The company said all key assets from the GMG fleet are currently mobilized, either supporting maintenance zone agreements around the world, or on installation, maintenance or repair contracts. “As we head into the summer months, we are extremely pleased about our robust activity level, which we feel is a reflection of our high performance standards…
Proserv Opening New Subsea Tech Center
Energy services company Proserv informs it is investing in a new purpose-built technology center for subsea controls and communications in Great Yarmouth. The move will see around 190 employees consolidate from two sites in the area into the new 65,000 sq ft Beacon Park site in Gorleston-on-Sea which will feature modern office, manufacturing and yard space and provides the flexibility to add a further 20,000 sq ft of workshop capacity. Construction will commence next month with the building expected to be completed during March 2018.
BP, Eni Deepen Blockchain Trading in European Gas
Oil majors BP and Eni are deepening their foray into blockchain technology, starting to run blockchain trades in parallel with their live trading systems, according to developer BTL Group. The energy traders, together with Austria's Wien Energie, had previously tested BTL's Interbit blockchain platform over 12 weeks, carrying out trades in European natural gas. For example, the blockchain system found a discrepancy in the volume allocation of a trade of French gas sold by Eni to BP…
Oil Under Pressure from Rising OPEC Supplies
U.S. crude stockpile draw supports prices; Trump could pull out of global climate accord. Oil prices pared gains reached earlier in the session on Thursday, despite U.S. industry data showing a big drop in crude stocks last week, as the market remains suspicious whether OPEC cuts will be enough to rebalance an oversupplied market. Brent crude oil was up 11 cents at $50.87 a barrel by 1134 GMT, while U.S. light crude had gained 24 cents to $48.56. The two contracts hit session highs of $51.44 and $49.07, respectively.
Exxon Lobbies Shareholders on Climate-Report Vote
Exxon Mobil Corp has stepped up efforts to persuade investors to vote against climate-related proposals at Wednesday's annual meeting with a campaign of calling, writing and lobbying shareholders in person. The world's largest publicly traded oil company opposes a proposal requiring it to report on the risks to its business from new technologies and global climate change policies, insisting it already provides the information. Last year, the same proposal was backed by 38.1 percent of shares voted. The stakes are higher this year.
Mining Service Sector Outpaces Oil Peers
Miners' quest for technology adds to order books. Companies supplying miners with equipment and services have performed better than their oil sector peers, buoyed by spending on new technology and expectations the demand outlook for other minerals is more bullish than for fuel. The index of mining services companies, such as Atlas Copco , Sandvik and Metso, has risen more than 50 percent over the last 12 months. In contrast, the oil services index has barely moved as companies such as Saipem…
Mech-Tool Delivers for Dudgeon Offshore Wind Farm Contract
A Teesside based product manufacturer and global supplier of fire, blast and radiant heat protection systems has delivered a contract for Statoil’s £1.5 billion ($1.9bln) Dudgeon Offshore Wind Farm project. Located 20 miles off the coast of the seaside town of Cromer, Mech-Tool Engineering Ltd was commissioned to design, manufacture and supply its fire and blast walls, which will play a vital role in safely harnessing offshore wind to power more than 410,000 homes in the U.K.
The New Offshore Reality
Swedbank’s chief economist, Harald Andreassen, isn’t “too hopeful” about the long-term prospects for the oil price, but then again, “I’m less certain of this than I’ve ever been as an economist,” he told a floating production conference in Oslo. After two-and-half years of oil-price collapse followed by layoffs in the thousands; stacked oil rigs and order freezes for offshore shipping, price insecurity itself is a partial expression of confidence.
Keppel on Track to Deliver Rig for Caspian Drilling
Keppel Offshore & Marine Ltd (Keppel O&M) through its subsidiary in Azerbaijan, Caspian Shipyard Company (CSC), is on track to deliver a semisubmersible drilling rig to Caspian Drilling Company Ltd, a subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR). The rig was named Heydar Aliyev at a ceremony in Azerbaijan today by the President of Azerbaijan, Ilham Aliyev. Built to Keppel FELS' proprietary DSSTM 38M design, the rig has been customized for the Caspian Sea's harsh environment condition.
Growing U.S. Shale Activity Confounds OPEC
As oilfield workers for Lilis Energy Inc threaded together drill pipes one recent morning in the Permian Basin, a bulldozer cleared sagebrush to make way for the company's fifth well since January. Lilis aims to expand production sevenfold this year in America's most active oilfield. The whir of activity is all the more impressive after the small firm nearly collapsed in late 2015 - amid unrestrained production from the Organization of the Petroleum Exporting Countries (OPEC).
Output Spike Brightens North Sea's Twilight Years
New oil projects over the next two years in the North Sea will have combined capacity to produce 1.2 million barrels per day (bpd), offsetting a slide in output from the oldest deepwater basin that produces the world's benchmark crude. The projects stretch from the West Shetlands to the icy fringes of the Arctic Ocean, Reuters research shows. North Sea crude output was 2.54 million bpd in 2016 and is forecast to reach 2.59 million bpd in 2017 and 2.63 million bpd in 2018…
Industry Funding to Boost UK Offshore O&G Research
A major funding package for the Institute of Petroleum Engineering (IPE) at Heriot-Watt University will directly support research and training for the future of the industry in U.K. offshore waters. Heriot-Watt’s Chief Scientist, Professor John Underhill, has secured funding of £416,000 (approximately $537,000) from Verus Petroleum, an independent oil company active on the U.K. Continental Shelf (UKCS). The award will support a number of oil and…
Topaz Resolve Goes to Work in the Mediterranean
International offshore support vessel company Topaz Energy and Marine said its multipurpose supply vessel (MPSV) Topaz Resolve has commenced a charter in support of geophysical and geotechnical survey operations in the Mediterranean Sea for a European oil major. Topaz Resolve is operating from Limassol, Cyprus for an initial period of one month. The vessel is a multi-functional ROV, dive and survey vessel and is equipped for deep and shallow water operations, in DP2 or by 4-point mooring.
Canada Government, Industry to Collaborate on Clean Tech
The Canadian and Alberta governments and three energy companies said on Thursday they will spend C$70 million ($51.14 million) to develop three new clean technology projects, aimed at cutting costs and carbon emissions in the country's oil sands. Northern Alberta's vast oil sands hold the world's third-largest crude reserves but are costly to operate and require carbon-intensive production methods, factors that have prompted a number of international oil majors to pull back from the patch in recent months.
Proserv Norway Secures Decommissioning Work
Energy services company Proserv has recently been awarded three contracts worth a combined value of more than $2.5 million (approx. 21.5 million Norwegian Krone) for decommissioning work in the Norwegian North Sea. The firm’s Stavanger facility will provide cutting services as part of a full severance package covering subsea and topside work. Compared to more traditional approaches, the cutting technology solutions deployed by Proserv can save hours in well severance and plugging, which can lead to significant savings in day rates over a campaign.
Suncor to Grow Oil Sands as Oil Majors Flee
Even as the world's largest energy companies exit Canada's high-cost oil sands the country's top producer Suncor Energy is lining up its next phase of growth in the world's third largest crude reserves. The preliminary plans for new projects in remote northern Alberta follow a stream of multi-billion dollar deals in which international oil majors sold off oil sands assets to Canadian producers, who are betting technology and economies of scale will make the region competitive with other plays globally.
Partners Advance Arctic Oil Spill Response Technology
Continually working to help improve oil spill response technologies, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) presented details on its latest efforts at the Arctic Oil Spill Response Research and Technology Workshop on April 26. There, Bureau staff presented results of several BSEE-funded projects including the development of a submersible skimmer prototype for oil recovery in and around broken ice. “At the workshop, we all…
ESCO Acquires Renewable NRG Systems
ESCO Technologies Inc. announced it has acquired NRG Systems, Inc., doing business as Renewable NRG Systems, located in Hinesburg, Vermont. NRG, founded in 1982, is a designer and manufacturer of decision support tools for the renewable energy industry, primarily wind. NRG serves electric utilities, wind turbine manufacturers, renewable energy developers, research institutes, and government agencies in more than 150 countries. The business, which will join Doble Engineering as part of ESCO’s Utilities Solutions Group (USG) operating segment…
New Asset Integrity Management System Launched
Bureau Veritas has launched Veristar AIM 3D asset integrity management system, based on technology partner Dassault Systems’ 3DEXPERIENCE platform. The new solution combines a digital twin of any marine or offshore assets with smart data in a collaborative environment. Veristar AIM 3D will be used in the design, development and implementation of the operational lifecycle, to reflect and predict the condition of any asset, or fleet of assets. The solution supports risk based inspection and condition based maintenance approaches.
Repsol Markets Corporate Green Bond
In a fresh landmark for Europe's capital markets, Repsol is poised to become the first oil and gas company to sell a Green bond transaction. The Spanish company started marketing a no-grow €500m five-year at 55bp area over mid-swaps on Tuesday morning - only the third investment-grade corporate Green bond in Europe this year. The company is raising the funds to upgrade its renewable energy functions, such as furnaces and turbines, in a bid to reduce its emissions.
Suncor to Apply to Build New Oil Sands Project
Suncor Energy Inc , Canada's largest oil and gas producer, said on Monday it plans to submit an application to regulators for a new thermal oil sands project later this year, which could eventually produce up 160,000 barrels per day. The Lewis project, located approximately 25 kilometres northeast of Fort McMurray in northern Alberta, will be developed in stages and produce for an estimated 25-40 years. Suncor said it has not yet formally sanctioned the project…
IKM Reports Progress at Snorre B and Visund
IKM Subsea was awarded a ROV services contract for the fields Visund and Snorre B in the North Sea last August. The contract provides for the testing and installation of an electrical, permanently seabed installed RROV (Residential - ROV). The system will interface with IKMS’s Onshore Control Center via Tampnet, a dedicated fiber-based network system for the platforms in question. The systems are equally design to operate on the 4G mobile broadband system.
Hempel: New Coatings for Offshore Structures
Hempel has launched two new advanced coatings specifically developed to protect the vulnerable “splash zone” areas of offshore structures. The “splash zone” is the area of an offshore asset (oil & gas platform or wind turbine, for example) that is just above the waterline and so suffers from the dual impact of atmospheric and immersion-type corrosion; as well as physical damage such as abrasion and impact, especially in areas around boat landings.
CFD Simulation of a Fully Featured Offshore Platform Model
CFD simulations of offshore oil and gas platforms are used to predict the maximum wind loads acting on the structure of the platform topsides (the upper half of the platform, above sea level and outside the splash zone, including the oil production plant, the accommodation block and any drilling equipment). The wind loads are used as waves and current loads to design the mooring of the structure, and can be significant in specific ocean areas. Because platform topside geometries were traditionally considered too complex to mesh in high detail…
ECO Affiliates Ink 5-Year Deal with Shell for IMR Vessel
Two affiliates of Louisiana-based Edison Chouest Offshore (ECO) have signed a five-year contract with Shell Brazil for light subsea construction, and inspection, maintenance and repair (IMR) services from the M/V Island Enforcer, a 402-ft. subsea installation and construction vessel. According to ECO, the agreement includes a varied list of projects featuring vessel services from ECO affiliate Bram Offshore, and ROV and survey services from C-Innovation.
US Drillers Add Oil Rigs for 16th Week
U.S. energy firms added oil rigs for a 16th week in a row, extending a drilling recovery into a 12th month even as the pace of those additions has slowed in recent weeks as crude prices have held below $50 a barrel. Drillers added six oil rigs in the week to May 5, bringing the total count up to 703, the most since April 2015, energy services firm Baker Hughes Inc said on Friday. While that is more than double the same week a year ago when there were only 328 active oil rigs…
ABS, DSME Pact on Novel FLNG Concept
ABS signed an agreement with Daewoo Shipbuilding and Marine Engineering Co. (DSME) to support safety and apply class guidance to a conceptual Floating Liquefied Natural Gas (FLNG) unit. “We are pleased to sign this agreement and work with DSME to support new innovations and technology advancements in the offshore industry,” says ABS Executive Vice President of Global Offshore Ken Richardson. “As gas continues to play an increasingly important role in the global energy mix and industry looks to develop new resources…
Martin Joins Costain O&G Team
Technology-based engineering solutions provider Costain has appointed Tim Martin as Director of Front End & Advisory Services within its oil and gas team. Martin joins Costain from Ramboll, where he was the Managing Director. As a proponent of industry improvement and transformation throughout his 20-year career within the sector, Martin has directed the delivery of multiple innovative solutions for client organizations and is a Member of the Oil & Gas Authority (OGA) Asset Stewardship Board.
Apache Raises N. American Output Forecast
Oil and gas producer Apache Corp swung to a quarterly profit on higher oil prices, and raised its estimate for production from North America while lowering its cost forecast for the year. The company's forecast reflects an increasing optimism pervading the U.S. shale oil industry with crude prices on the rise and technology improvements, among other factors, helping companies pump more for less. Apache on Thursday raised its forecast for production from North America to 256…
Slumping Oilfield Services Sector bets on Offshore Tech
The oil industry's top equipment and services suppliers this week are hawking vastly cheaper ways of designing and equipping subsea wells, aiming to slash the cost of offshore projects to compete with the faster-moving shale industry. At the Offshore Technology Conference, the industry's annual gathering of floating rig and subsea well suppliers, sales pitches this year are all about cost savings and faster time to first production. With U.S. crude priced under $50 a barrel…
Castor Gas Storage Site Will Not Reopen after Quakes
Spain will not reopen the Castor underwater gas storage facility which was shut in 2014 following minor earthquakes in the area, after a study showed tremors could return if it resumed operations, the government said on Wednesday. Meant to store almost a third of Spain's daily gas consumption, Castor stopped gas injections after more than 200 minor earthquakes were detected in 2013. A study by the Massachusetts Institute of Technology (MIT) and…
VW Mulls Gas-powered cars with Exxon, Gazprom
Volkswagen is in talks with Exxon Mobil Corp and Gazprom to back its efforts to promote cars running on natural gas, Chief Executive Matthias Mueller told Austria's ORF radio. Europe's biggest carmaker is working on a shift towards electric cars and fuel-saving technologies as it looks to lower its fleet-wide carbon dioxide (CO2) emissions and to overcome its diesel emissions scandal. "We are now really trying to think out of the box and find solutions that can be helpful at least in this transition period of 10 to 20 years…
Emerson Launches Salinity Measurement System
Emerson Automation Solutions launched the Roxar Salinity Measurement System for the sensitive, accurate and real-time measurement of saline water in gas production well streams at the Offshore Technology Conference (OTC) in Houston this week. Through the new system, operators can instantly identify changes in the flow stream and the smallest amounts of saline water at never previously achieved levels of sensitivity. This enables the operator to take immediate remedial action to prevent threats to production…
Petrobras Shifts Focus to Oil E&P, Alternative Energy
Petróleo Brasileiro SA will focus on oil and gas exploration and production while seeking opportunities in alternative sources of energy over the next five years, as Brazil's state-controlled oil firm moves toward more profitable core segments, Chief Executive Officer Pedro Parente said on Tuesday. Speaking at the Offshore Technology Conference in Houston, Parente cited geopolitical tension in the Middle East, sizable legal contingencies and missing divestiture goals as potential risks for Petrobras's financial and operational case going forward.
One Billion Additional Barrels 'Possible' in GoM Hubs -BP
The head of BP's Gulf of Mexico region said on Monday the oil company's use of a new seismic imaging technology has identified 1 billion additional barrels of "possible resources" at four of its U.S. offshore fields. Richard Morrison, the BP region president, said at the Offshore Technology Conference in Houston that its "full waveform inversion" imaging techology was applied to data from its Atlantis, Mad Dog, Thunder Horse and Na Kika fields.
Lamprell Delivers 9th Jackup Drill Rig to NDC
Lamprell announced the completion of construction of Al Lulu, the final jackup drilling rig in a series of nine delivered to Abu Dhabi’s National Drilling Company (NDC). The contract for the NDC Al Lulu rig was awarded in April 2015, one of only three rig orders awarded that year. All nine rigs have been designed according to the Cameron LeTourneau Super 116E (Enhanced) Class design and were completed to the highest standards of quality using the latest in drilling system technology, the builder said.