Thursday, February 21, 2019

Gas Industry News

OPITO Appoints Director to Support Global Operations

 Stuart Clow (Photo: OPITO)

OPITO has appointed Stuart Clow as Director with a remit focused on supporting industry safety through high-quality training and competency standards.Clow has over 30 years’ experience in the oil and gas industry in a variety of roles both in the UK and internationally including Africa, South America and the Middle East.He spent 28 years with Transocean…

Neptune Renews IRM Contract with Sea Mar Shipping

File photo: Sea Mar Splendid

Dutch offshore vessel operator Sea Mar Shipping has won a three-year plus 2 x one year options for its IRM (Inspection, Repair and Maintenance) vessel Sea Mar Splendid from Neptune Energy Netherlands.The vessel and crew will support Neptune Energy with its IRM campaigns on the Dutch Continental Shelf from March 2019 until 2021…

NOIA Statement on Trump’s SOTU Address

National Ocean Industries Association (NOIA) President Randall Luthi

Increase Access to All Offshore Energy Sources for American Energy Greatness.National Ocean Industries Association (NOIA) President Randall Luthi issued this statement following President Trump’s State of the Union address:“In his second State of the Union address, President Trump reiterated his bold vision…

Proserv Acquires SGC Metering

Photo: Proserv

The  global energy services company has announced the acquisition of SGC Metering from Petrofac.SGC Metering is a specialist in the design and manufacture of flow computer metering systems for the oil and gas industry. It provides expertise right across the full life cycle of a metering project, including conceptual design through to installation…

New Managing Director at Magma Products

Magma Products managing director Phil Tweedy (left) and chairman Paul Rushton (Photo: Magma Products)

Oil and gas commissioning and start-up specialist Magma Products announced Tuesday it has appointed Philip Tweedy as managing director.Tweedy, previously commissioning manager at Magma, will be responsible for day-to-day operations at the company’s Aberdeen, Great Yarmouth and Bucharest offices.Previous…

ADNOC Seals $5.8 bln Refining and Trading Deal with ENI, OMV

(Photo: ADNOC)

Italy's Eni and Austria's OMV have agreed to pay a combined $5.8 billion to take a stake in Abu Dhabi National Oil Company's (ADNOC) refining business and establish a new trading operation owned by the three partners.The transaction, which expands ADNOC's access to European markets, furthers Eni's diversification…

Oil and Gas Execs Expect to Boost Spending

© currahee_shutter / Adobe Stock

The majority of senior energy industry executives expect to maintain or increase spending this year to meet demand for oil and gas after years of austerity, a survey by DNV GL shows.DNV, a technical adviser to the energy industry, surveyed 791 senior professionals from firms with annual revenue ranging from $500 million or less to those earning $5 billion and more.BP…

US Oil and Gas Industry Confidence Surges

Frank Ketelaars, Regional Manager, the Americas, DNV GL - Oil & Gas. Photo: DNV GL

Senior oil and gas professionals in the United States are among the world’s most confident about the outlook for the sector in 2019, as companies prepare for significant increases in capital expenditure (capex) over the coming months.According to a new research published by DNV GL, 85% of sector leaders…

China’s Oil and Gas Industry to Focus on Environment Impact

Arthur William Stoddart, Regional Manager of Greater China, Korea & Japan, DNV GL - Oil & Gas

China’s oil and gas industry is set to reinforce efforts to reduce environmental impacts of its projects and operationsin 2019, said a research.According to a new research from DNV GL, six in ten (61%) senior oil and gas professionals in China say their organizations are actively preparing for the transition to a lower carbon energy mix compared to 51% globally.

Wellit Partners with Norvestor

© Danial / Adobe Stock

The owners of software company Wellit have decided to sell 60 percent of company shares to private equity company Norvestor.Wellit develops logistics solutions for the global oil and gas industry. Its software, WELS, is a cloud-based multi-tenant platform tailored to the oil and gas industry.WELS enables…

N-KOM Building Offshore Living Quarters in Qatar

(Photo: N-KOM)

Nakilat-Keppel Offshore & Marine (N-KOM) held a steel cutting ceremony for a new offshore accommodation platform under construction at the Erhama bin Jaber Al Jalahma Shipyard in Qatar.Chief Executive Officer of Nakilat, Eng. Abdullah Al Sulaiti, said, “This ceremony marks a milestone not only for N-KOM but also for Qatar…

Forum Bags Mojave ROV Deal

(Photo: Forum Energy Technologies)

Oilfield products company Forum Energy Technologies said it has sealed a contract to supply a Mojave remotely operated vehicle (ROV) for the Norwegian firm ESEA Marine.Sub-Atlantic Mojave will also be used by ESEA Submarine’s sister company, ESEA Marine AS, which has customers that include fish farms, port authorities and insurance companies…

Three60 Acquires North Sea Construction and Commissioning

Walter Thain, Group CEO. Photo: Three60 Energy

Australian energy services group Three60 Energy  has acquired Aberdeen-based North Sea Construction and Commissioning (NSCC) for an undisclosed sum. This is now the fourth company to be added to the fast-developing energy services group which now employs over 320 people.Established in 2017, NSCC specialises in the provision of construction…

Italy's Saipem Strikes Deal with Turkish Renaissance for Arctic LNG-2

Image: Saipem

Italian oil and gas industry contractor Saipem and Turkey's Ronesans signed a joint venture (JV) agreement for infrastructure construction for Russian Federation's Arctic LNG-2 project.Saipem said the contract for the construction of the project is worth EUR 2.2 billion (USD 2.5 billion).As leader of the JV…

BP Nears FID at Platina Field Offshore Angola

(Photo: BP)

Angola’s Sonangol and British supermajor BP on Monday signed an agreement to progress to final investment decision (FID) for the development of the Platina field in the BP-operated deepwater Block 18, offshore Angola.Platina would be BP’s first new operated development in Angola since the PSVM project in Block 31 began production in 2013.

Christophe de Margerie Loads First Cargo from Third Train Yamal LNG

Ice-breaking LNG carrier Christophe de Margerie. Photo: Sovcomflot

The Arctic LNG carrier Christophe de Margerie, owned and operated by Sovcomflot, loaded the first batch of liquefied natural gas (LNG) produced at the third train of Yamal LNG plant, at the Port of Sabetta on the Yamal Peninsula.Dmitry Medvedev, the Russian Prime Minister, initiated the start of cargo operations…

Yamal LNG Reaches Full Capacity

Image: Novatek

The Yamal liquefied natural gas (LNG) project in Arctic Russia officially commissioned the third and last production line Tuesday.Russia's independent natural gas producer PAO Novatek announced that its joint venture Yamal LNG has reached full capacity at the plant’s three LNG trains.The Yamal LNG project…

Mexico President's Pemex Plans Rattle Debt-holders

Mexican President Andres Manuel Lopez Obrador (Mexican Government photo)

Mexican President Andres Manuel Lopez Obrador's declaration of war on "neo-liberal" economics has shaken investors holding Petroleos Mexicanos bonds, fueling concern about the future of the highly-indebted state oil company he has pledged to revive.Ratings agencies and three managers spoken to by Reuters…

BW Offshore Recycling FSO Belokamenka

FSO Belokamenka. Photo: BW Offshore

The provider of floating production services to the oil and gas industry BW Offshore has signed an agreement to dispose of the FSO Belokamenka for recycling in compliance with the Hong Kong Convention.The Oslo-listed company said in a press release that the FSO Belokamenka  is an Ultra Large Crude Carrier (ULCC) of 360…

Swissco Sells Vessels to Allianz Middle East

Image: Swissco Holdings

Singapore’s Swissco Holdings, currently under judicial management, announced that it is disposing of a substantial part of its offshore support vessels division, which is expected to help reduce the group's liabilities.UAE's Allianz Middle East Ship Management has signed a deal to buy most of the OSV fleet of Swissco…