Thursday, December 14, 2017

Sustainable Marine Energy’s Inshore Platform PLAT-I Powers Up

Photo: Schottel

On November 25th Edinburgh-based tidal energy technology developer Sustainable Marine Energy (SME) completed the installation of its game changing PLAT-I tidal energy system at Connel, near Oban in western Scotland. The operation, including tow-out…

New Tool for Offshore Inspection

(Photo: AISUS)

Aberdeen-based AISUS has invested a six-figure sum in upgrading and developing cutting edge inspection technology as it looks to further broaden its range of services and increase its geographical reach to provide its customers with the most efficient, cost-effective technological solutions.

Chinese Demand Ensures Asian LNG Rally Has Legs

© Altin Osmanaj / Adobe Stock

Unexpectedly strong demand from China, along with rising oil and coal prices, should keep Asian liquefied natural gas (LNG) spot levels buoyant this winter. Despite rising supplies from new plants, spot prices have risen by 55 percent from…

US Natural Gas Prices Rise as Winter Stocks Look Tight: Kemp

U.S. natural gas stocks look somewhat tight after low prices this summer worked off the excess stocks that built up in the first half of the year. Current stocks are in line with the five-year seasonal average but that may not be enough…

Coal Price Surge Justified by China's Dynamics: Russell

File Image (CREDIT: AdobeStock / (c) Lidian Neeleman)

How much of the current surge in thermal coal prices in Asia is because of a fundamental shift in the supply-demand balance, and how much is down to speculative froth? This is a question often asked when a commodity experiences a strong gain - or drop - in price…

Oil Up on U.S. Crude Drawdown, Forties Outage

Britain's biggest pipeline likely to be shut for several weeks. Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also continued to bolster markets.

Gangway Innovation Allows Safer Transfer at Offshore Wind Farms

Photo: Ampelmann

Ampelmann has created, in cooperation with Seaway Heavy Lifting, an industry first innovation allowing workers safe and efficient access to install the jackets for 84 wind turbines on the Beatrice Offshore Windfarm Limited project in the Outer Moray Firth.

Oil Softens as Profit Taking Weighs

File Image (CREDIT: AdobeStock / Gear STD)

Crude oil prices and calendar spreads have started to soften in recent trading sessions, in what is likely to be profit-taking after hedge funds amassed a record bullish position in the petroleum complex. Hedge funds and other money managers…

Hedge Funds Go All-in on Oil: Kemp

File Image (CREDIT: AdobeStock / (c) scanrail)

Hedge funds have built record or near-record bullish positions in almost all parts of the petroleum complex anticipating that prices will keep rising. Hedge funds and other money managers had amassed a net bullish position in crude and refined…

More Competitive US O&G Lending Drives Down Pricing

A renewed willingness to lend to US oil and gas companies, as oil prices stabilize well above lows, is driving down pricing for borrowers after two straight years of steep increases. The volume of credit lines provided to exploration and production companies…

Oil Gains as Inventory Overhang Erodes and Saudi Cuts Exports

Oil prices rose on Thursday, lifted by a sustained decline in inventories and as Saudi Arabia prepared to cut crude supplies to its prized Asian customers. Crude is down nearly 7 percent so far this year, suppressed in large part by concern…

Subsea Industries Introduces Ecolast Coating

Photo courtesy of Subsea Industries

Subsea Industries has launched Ecolast, the latest member in its range of coating systems. This product is UltraViolet (UV) resistant and preserves its color while at the same time offering the corrosion and abrasion protection. Regular…

Kotug Aids Allseas in Topsides Transport

Photo: Kotug

Kotug International’s offshore division has assisted Allseas with the transfer and transport of Shell’s Brent Delta topsides after the record-setting removal of the structure by Pioneering Spirit. Kotug was mainly involved in the assistance…

Hydro Group Completes MeyGen Contract

Photo courtesy of Hydro Group

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…

UK Subsea Sector Set to Increase Exports in 2017

Neil Gordon (Photo: Subsea UK)

British subsea companies are expecting to increase overseas activity in the next 12 months, according to a survey conducted by industry body, Subsea UK. Of the 300 member companies surveyed, 27% are predicting increasing exports by 50% or more in 2017.