ABS Explores Pathways to 2050 in Germany
ABS National Committee has met recently in Germany to explores pathways to 2050, automation and digital with German maritime leaders and offered insight on key challenges.Vessel automation, demystifying digital technologies and pathways to 2050 compliance led the debate at the ABS German National Committee, said a press note from the global provider of…
Oil & Gas M&A Deal Value Up in 2018
Global oil and gas total deal value increased by US$ 79.7b during 2018 to reach US$426.8b, despite a decrease of 18% in deal volume, said EY Global oil and gas transaction review 2018.It said that while the first two quarters of 2018 saw greater deal appetite aided by rising oil prices, caution returned in the second half of the year due to a decline in the oil price to 2015 levels.Looking ahead…
Decommissioning Gets into Deep Water in GoM
LOC Group’s Houston office provides perspective on decommissioning developments in the Gulf of Mexico.The Gulf of Mexico basin covers approximately 1.6 million km2 and is one of the most important petroleum production regions in the world. A significant portion of the area is shallow continental shelf waters. These areas were developed first by oil companies…
Technology Centre Mongstad Sign MoU with DNV GL for CO2 Capture Technology
The world’s largest testing facility for carbon capture, Technology Centre Mongstad (TCM), has signed a collaborative agreement with DNV GL to deliver advisory and verification services for CO2 capture technology.According to a press release from the quality assurance and risk management company, the new global advisory partnership will offer advisory…
DNV GL Rolls-out Digital Hub in Singapore
DNV GL has launched a digital hub in Singapore as part of the transformation of the oil and gas, maritime and energy industries toward digitalization, including increased cyber security and smart infrastructure.The new Singapore hub is called Digital Consulting and Smart Cities, and will include three teams covering smart cities, cyber security and digital…
Chinese Tariffs on LNG, Oil May Threaten US Energy Dominance
China's targeting of U.S. liquefied natural gas and crude oil exports opens a new front in the trade war between the two countries, at a time when the White House is trumpeting growing U.S. energy export prowess.China included LNG for the first time in its list of proposed tariffs on Friday, the same day that its biggest U.S. crude oil buyer, Sinopec, suspended U.S.
LNG to Benefit Philippines, Says ADB Energy Expert
The Philippines stands to benefit from introducing liquefied natural gas (LNG) to support power generation and making it part of its energy mix, the government's Philippine News Agency reported quoting an energy sector expert for the Asian Development Bank (ADB). “Right now and the foreseeable future, natural gas and LNG is much cheaper today compared to two to three years ago…
Zero Emission Ships: Comparing Fuel Choices
There's a new report out from the Sustainable Shipping Initiative (SSI) -- authorted by Lloyds Register (LR) and University Maritime Advisory Services (UMAS) -- that examines different fuel options and costs as increasingly the world's oceangoing fleet is pushed toward decarbonization. As a back drop, as Mariitme Reporter & Engineering News reports in its May 2018 edition with its cover feature interview with Kitack Lim…
DNV GL Taps Oudman as Regional Manager
As the global energy transition in the oil and gas industry marks significant changes to come, regional adaptions will pose a broad variation of challenges and opportunities. DNV GL – Oil & Gas has appointed Ben Oudman as Regional Manager for Continental Europe, Eurasia, Middle East, India and Africa to further strengthen the company’s efforts to help the industry overcome barriers to progress.
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…
DNV GL Advisor for 3 New UK Wind Farms
DNV GL, the world’s largest resource of independent energy experts and certification body, has advised renowned lenders, including Santander, on their GBP 210 million project finance investment for the construction of three new onshore wind farms by Banks Renewables, the first of which is expected to start generating electricity by early 2018. The 151 MW three wind project portfolio…
Archibald Joins Woodside Board
The Board of Woodside has appointed Mr Larry Archibald as a non-executive director effective 1 February 2017. Mr Archibald joins Woodside as an independent director. Woodside Chairman Michael Chaney said that Mr Archibald’s significant international experience in oil and gas exploration and impressive record of exploration success would be a great asset to the company's Board. President, Exploration.
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.
Shell Develops Cylinder Lubricant: Shell Alexia 140
Shell Marine has given ship owners an insight into the comprehensive approach driving its ground-breaking work to protect the most modern ultra-efficient diesel engines against cold corrosion while still optimizing cylinder oil feed rates, across the entire range of vessel operating conditions. Shell Marine has been working very closely with the major OEMs and several ship owners who fully support this development.
Dubai Launches CSP Solar Projects
Dubai advanced an over 30 year plan to boost renewable energy on Thursday by tendering for advisors for a further phase in developing a major solar power park named after its ruler. Dubai Electricity and Water Authority (DEWA) said it was launching Concentrated Solar Power (CSP) projects to generate 1,000 megawatts of energy by 2030 as part of the Sheikh Mohammed bin Rashid al-Maktoum Solar Park.
Breitburn Skips Interest Payment as it Reviews Strategic Options
Breitburn Energy Partners LP said it has decided to suspend distributions on preferred units and defer interest payments as the company was in talks with secured debtholders. The oil and gas master limited partnership is the latest among a wave of cash-strapped companies skipping interest payments as they seek to restructure debt to weather a prolonged slump in crude prices.
DNV GL Appoints Engel as Energy CEO
DNV GL has appointed Ditlev Engel as the new CEO of its Energy business area. Starting April 4, Engel will succeed acting CEO Elisabeth Harstad and report to the Group President & CEO Remi Eriksen. Engel will join DNV GL as CEO of the group’s Energy business area, which provides testing, certification and technical advisory services to the energy value chain including renewables, power grids, storage as well as energy use.
DNV GL Acquires Gothia Power
Gothia Power, a leading Swedish power system analysis company, has been acquired by DNV GL. “This company's expertise and services are a perfect match for DNV GL’s existing portfolio in the renewable power, transmission and distribution industries. I am therefore announce this acquisition, which establishes DNV GL’s technical and strategic power system…
Saudi, Norway Sovereign Funds shedding European Shares
The three biggest sovereign wealth funds of oil-producing countries have been selling European equity holdings since May, a study showed on Monday, another sign of petrodollars being withdrawn from world markets. Asian funds have meanwhile continued to add European equities, according to the data from Nasdaq Advisory Services, which provides analysis on shareholder and investor activity.
BMO Taps Roberts to Head Part of US Energy Team
Bank of Montreal said on Wednesday it has tapped Geoff Roberts to lead the U.S. acquisitions and divestitures practice of its global energy group. Roberts, who prior to this ran his own advisory services firm, is being tasked with a role that will likely involve strengthening and rebuilding BMO's A&D team in the United States. The team facilitates the…