CGG Names Baidoukov CFO
CGG has appointed Yuri Baidoukov as Group CFO, effective September 1, 2018. He will be based in Paris and report to the Chief Executive Officer, Sophie Zurquiyah.Baidoukov brings to the role 25 years of international oil and gas industry experience. He is currently Group CFO at OiLSERV Group, a Middle East and North Africa Oilfield Services company.
Shell Sees Nigeria Corruption Trial Lasting Many Months
Royal Dutch Shell expects a landmark corruption trial over a Nigerian oil deal to last many months, warning staff of continued critical media coverage in the $1.3 billion case, according to an internal memo seen by Reuters.Shell's Legal Director Donny Ching encouraged employees to study an internal web page…
DNB Sees More Limited Restructuring Ahead for Oil Industry
DNB, Norway's largest bank and a major lender to the oil and gas industry, expects more restructuring in the sector but on a smaller scale than in recent years as activity and prospects have improved, the bank's CEO told Reuters on Tuesday."We see some restructuring ahead, but to a very limited level. We have been through most of the cases where we have been involved as a bank…
Unique Group Adds Diving & Industrial Gas Supply Service
Offshore solutions provider Unique Group said it has extended its offering to include diving and industrial gas supply for the African offshore market from its base in Cape Town, South Africa.Rodney McKechnie, Group Director at Unique Group, said, “After a rigorous study of the diving industry and the current requirements of customers in the region…
African Energy: Senegal Leads Local Content Drive
Senegal is determined to become the new front runner of Africa’s local content development. This is the conclusion of a local content forum held in Dakar on Thursday, organized by Les Conférences du Quotidien and hosted by the African Energy Chamber and Centurion.Presided by Prime Minister Mahammed Boun Abdallah Dionne…
Damen Shipyards Carries Out Tank Testing of New FCS 7011
Damen Shipyards Group has carried out tank testing of its 70-metre Fast Crew Supplier (FCS) 7011. The tests were carried out at the Delft University of Technology (TU Delft) with a 2.8-metre long model.Intended for long distance crew transfer operations, the Damen FCS 7011 will offer the offshore oil & gas…
Gas to Become World's Primary Energy Source by 2035
Oil and gas will be crucial components of the world’s energy future, according to DNV GL’s forecast of the energy transition. While renewable energy will grow its share of the energy mix, oil and gas will account for 44% of world energy supply in 2050, compared to 53% today.Gas will become the largest single source of energy from 2034.DNV GL’s Energy Transition Outlook (ETO)…
British North Sea Oil Costs, Spending on the Rise
The costs and operating expenditure needed to produce oil and gas in the British North Sea are set to rise both in overall and in per-barrel terms this year compared with 2017, the country's regulator for the sector said on Tuesday.Overall operating spending in the mature North Sea oil and gas basin this…
Stainless Steel Tubes for Extreme Offshore Conditions
At the ADIPEC in Abu Dhabi, Schoeller Werk will be presenting its comprehensive range of longitudinally welded stainless steel tubes. The focus will be on solutions for the oil and gas industry. The family company from Germany will be showing its high-load control line and chemical injection tubes specially for this sector.
DNV GL Raises the Standard for Thermoplastic Composite Pipes
DNV GL has launched a new standard that allows operators to choose thermoplastic composite pipes (TCP) instead of steel or traditional flexibles, enabling substantial cost reductions throughout the project lifecycle.After the successful and wide adaptation of the recommended practice (RP) DNVGL-RP-F119 by…
Fugro Goes Seep Hunting off Eastern Canada
A geophysical acquisition portion of a 2018 Carson Basin seep hunting program offshore eastern Canada recently completed by Fugro covered an area of 18,875 square kilometers in water depths from 300 to 3,300 meters in this frontier region offshore Newfoundland. From its deepwater survey vessel, Fugro Searcher…
LNG Investment Set to Grow
Following years in the pricing doldrums, LNG is hot again, with business prospects for floating production and regasification looking strong through 2023. We talk to Jim McCaul of International Maritime Associates (IMA) for his insights, as he is fresh off of a 12-month stint investigating the market in depth."We wanted to take a fresh look at the market…
New Managing Director of Semco Maritime Norway
Lars Jønholt Halvorsen has been appointed Managing Director of Semco Maritime Norway as per August 1st. Based in Bergen, Halvorsen now heads all Semco Maritime activities in Norway, including the rig facilities at Hanøytangen, Bergen, as well as Semco Maritime’s offices in Kristiansand and Stavanger.Lars…
Baker Hughes is Exploring Advanced Manufacturing with AFRC
The University of Strathclyde’s Advanced Forming Research Center (AFRC) and Baker Hughes, a GE company (BHGE), have joined forces to explore how some of the latest advanced manufacturing tools and processes can drive more efficient, smarter ways to reduce cost and increase productivity across BHGE’s operations.Joining the research center as a tier one member…
IMA Completes 12-month Study of the Floating Liquefaction and Regasification Market
International Maritime Associates has just completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector.Project…
LNG Report: Floating Liquefaction & Regasification
International Maritime Associates has completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector. Project Success…
Aker Bets on Software Engineers for Its Oil Business
When the owners of Norwegian oil firm Aker BP decided to digitise its assets and operations, they searched high and low for the right software company. But they failed to find a suitable one.So instead they set up their own, Cognite, to create digital maps of Aker BP's oil industry assets, integrating data from equipment such as pumps…
Gulf Marine Services Bags MENA Contract
Vessels provider to the oil & gas industry Gulf Marine Services (GMS) said that it was awarded three long-term contracts in the Middle East and North Africa (MENA) region.The provider of advanced self-propelled self-elevating support vessels said in a press release that the new charters, which are subject…
Integrated Gas Compression: A Natural Fit for North America
Natural gas abounds in North America. At the end of 2016, Canada and the U.S. shared 414 trillion cubic feet of proved reserves, with the U.S. the world’s largest producer and Canada the fourth largest. Unsurprisingly, there’s a keen appetite for developing LNG facilities across the continent.In recent years…
Uniper Sees Merit in Building LNG Terminal at Wilhelmshaven
Germany's Uniper on Tuesday said it favors a liquefied natural gas (LNG) terminal at the Wilhelmshaven deep sea port on the North Sea coast, less than a week after peer RWE said it secured access to capacity should a rival project at Brunsbuettel go ahead."Wilhelmshaven in particular can be a suitable location, there are many arguments in favour of it," spokesman Leif Erichsen
