Tuesday, April 24, 2018

Babcock International Group News

Collaborators to Develop LNG Deliveries in North UK and North Sea

From left to right: Michael Cobb, ExxonMobil; Andrew Scott, Babcock; Ian Lindsay, Babcock; Angus Campbell, BSM; Michael Morrison, Orkney; Gavin Barr, Orkney; Mark Gilks, Calor; and Luca Volta, ExxonMobil (Photo: © Colin Keldie)

Aiming to develop the infrastructure, storage and technical support needed to enable safe liquefied natural gas (LNG) operations for customers in the north of the U.K. and North Sea, including bunkering, partners ExxonMobil, Babcock International Group…

ExxonMobil Inks Deal to Collaborate on Caledonia LNG Project

OIC MEETING PHOTO EXXONMOBIL

ExxonMobil, Babcock International Group, Bernhard Schulte Shipmanagement (BSM), Calor and Orkney Islands Council have signed an agreement to collaborate in the “Caledonia LNG ” project. The aim is to develop the infrastructure…

Bernhard Schulte, Babcock Team-up to develop GSV Vessel

Logo

Bernhard Schulte Shipmanagement (BSM), a leading global maritime services company, and Babcock International Group, the UK’s leading engineering support services company, are collaborating to develop a ground-breaking Gas Supply Vessel (GSV).

Aquaterra Names Hawkes Financial Director

Nick Hawkes (Photo: Aquaterra Energy)

Offshore engineering solutions provider Aquaterra Energy has appointed Nick Hawkes as Financial Director based at the company’s headquarters in Norwich. Hawkes has more than four years’ experience in the oil and gas industry…

Scott Joins Well-Centric

Michael Scott, Well-Centric Business Development Manager  Photo courtesy of Rory Raitt/Well-Centric

Well-Centric, an independent specialist in well integrity for the global oil and gas industry, has announced the appointment of a new business development manager. Michael Scott joins the company to support its growth strategy…

Will You Make the Most of North Sea Decommissioning?

Kirsti Olson

Recent reports indicate that the scale of opportunity arising from North Sea decommissioning is growing, with industry set to spend at least $56.16billion by 2040. As the dedicated North Sea industry forum, Decom North Sea (DNS)…

Babcock Completes DSV Refit for Bibby

Bibby Polaris at Rosyth (Photo: Babcock)

Babcock has completed a contract to undertake a substantial refit on Bibby Offshore’s dive support vessel (DSV), Polaris, at its Rosyth dockyard. The project was Bibby’s largest ever refit package and underlines Babcock’s move…

Losing Bidders Quiz UK Over $12b Nuclear Decision

The bidders who lost out on Britain's $12 billion contract to decommission nuclear sites have asked the government to explain the result as they decide whether to launch legal action, sources familiar with the matter said. Last month…

UN Body Adopts Climate Change Strategy for Shipping

Photo: International Maritime Organization (IMO)

Nations meeting at the United Nations International Maritime Organization (IMO) in London have adopted an initial strategy on the reduction of greenhouse gas emissions from ships, setting out a vision to reduce GHG emissions from international shipping and phase them out…

UAE's Stanford Marine in Talks to Restructure $325 mln in Debt

Photo: Standford Marine Group

Stanford Marine Group <IPO-SFMG.L>, majority owned by a fund managed by private equity firm Abraaj Group, is in talks with banks to restructure a $325 million Islamic loan, banking sources said. The Dubai-based oil and gas services firm…

MHPS to Boost AQCS Business

Photo Mitsubishi Hitachi Power Systems, Ltd

Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Hitachi Power Systems, Ltd. (MHPS) have agreed to transfer operations in the domestic after-sale servicing of desulfurization equipment, currently performed by Mitsubishi…

Thompson takes over from Founder Heavey, Tullow Oil

Appointment of Dorothy Thompson CBE as non-executive Chair of Tullow Oil plc Photo Tullow Oil

Tullow Oil plc (Tullow) announced the appointment of Dorothy Thompson as independent non-executive Director and Chair-designate of Tullow with effect from the conclusion of the Group’s Annual General Meeting (AGM) on 25 April 2018.

Germany's Bilfinger Cuts Costs after CEO Exit

Q2 group adjusted EBITA 65 mln euros vs 93 mln last year. Power division EBITA drops to 9 mln euros; shares up 4.9 pct, top performer on MDAX. German industrial services group Bilfinger, whose chief executive resigned last week after two profit warnings…

Dozens of U.S. Companies Bet on Nuclear Power Revolution

The Pentagon's top arms provider and firms partly funded by Silicon Valley billionaires Bill Gates and Paul Allen are among dozens of companies collectively betting more than $1.3 billion that a new wave of nuclear power can be a force to fight climate change.

Schaller Takes Over as Head of the Voith Group

Stephan Schaller (Photo: Voith Group)

As of April 1, 2018, Stephan Schaller has begun in his role as head of the Corporate Board of Management at Voith GmbH & Co. KGaA and will lead the international technology company. He succeeds the long-serving head of the Board, Dr.

LNG Fuel: The Gamechanger that Cannot be Ignored

Angus Campbell

The move to LNG as a fuel is a game changer which cannot be ignored, said Angus Campbell, Managing Director of Bernhard Schulte Shipmanagement UK, (BSM), speaking at Gastech in Singapore today. “Independent industry predictions…

Total Snaps up GoM Assets

French oil major Total said it had bought several assets in the Gulf of Mexico for around $300 million, as part of the Cobalt International Energy company’s bankruptcy auction sale. Total said it was buying a 20 percent stake in the North Platte asset.

Trump Orders EPA to Speed Air Quality Permits

File Image (CREDIT: AdobeStock / © Snap Happy)

U.S. President Donald Trump on Thursday ordered the Environmental Protection Agency to speed up its decision-making on air quality permitting to make it easier for manufacturers to expand and open new plants. "These actions are…

Tanzania Seeks Consultancy Service Provider for Delayed LNG Project

© Mike Mareen  / Adobe Stock

Tanzania has invited bids for consultancy services to help the government conclude negotiations with a group of international oil firms on a deal for the construction of a proposed liquefied natural gas (LNG) plant. Tanzania…

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore, according to an internal government memo. If that happens,…