Twin Brothers Appoints Theriot VP
Twin Brothers Marine (TB), which is in heavy steel fabrication for the oil & gas, infrastructure and renewables industries, appointed Wayne P. Theriot as vice president of finance.Theriot will be based in Louisiana and joins TB from TTMK Holdings, a family operated private equity company consisting of 17 separate companies in Louisiana and California, where he served as chief financial officer (CFO). During his 30-year career…
US Okays LPG Exports to Venezuela
The U.S. government on Monday authorized shipments to Venezuela of liquefied petroleum gas, mainly used in the OPEC nation as cooking fuel and currently in short supply, causing people to burn large amounts of wood.The U.S. Treasury Department authorized through July 8, 2022, some exports and re-exports of the gas, known as LPG, to Venezuela that had not been permitted by executive orders in 2018 and 2019 during the Trump administration.The Office of Foreign Assets Control…
Shale Pioneer Chesapeake Energy Files for Bankruptcy
Chesapeake Energy Corp filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed to heavy debts and the impact of the coronavirus outbreak on energy markets.The filing marks an end of an era for the Oklahoma City-based shale pioneer, and comes after months of negotiations with creditors. Reuters first reported in March the company had retained debt advisers.Chesapeake was co-founded by Aubrey McClendon…
Stena Drilling Extends Inspection Contract with Sparrows
Sparrows Group has been awarded a three-and-a-half-year extension to its inspection services contract for Stena Drilling’s global fleet of drilling vessels. The contract scope includes carrying out LOLER lifting gear surveys, potential dropped objects surveys, cargo carrying unit (CCU) and non-destructive testing (NDT) inspections as well as rig specific maintenance. As well as an extension to the contract, the scope has also been expanded to cover Stena’s entire fleet of seven vessels…
Gaylin / Rigmarine Offer William Hackett Subsea Lever Hoist
Gaylin International Pte Ltd and Rigmarine, part of its group of companies, will stock the William Hackett second-generation SS-L5 subsea lever hoist, available in capacities from 800kg to 20t, from 10 global locations. Further, they will support the product offering with training and after-sales service. Singapore-headquartered Gaylin, a specialist supplier of lifting, rigging and marine equipment primarily to the oil and gas industry, also has facilities in Korea, Malaysia, Vietnam, China and Indonesia.
Sparrows Group Bags 5-year Maersk Oil Contract
Sparrows Group has secured a five year contract to deliver hydraulic, lifting and rigging services for Maersk Oil’s UK floating assets. The agreement will see Sparrows support the operator in strengthening its lifting operations for the Global Producer 3 (GP3) and Gryphon FPSO’s and the new Culzean FSO. The scope encompasses hydraulic services including maintenance, repair and parts and materials procurement; as well as the supply, management and certification of all lifting gear.
Rope and Sling Receives DNV Type Approval
Rope and Sling Specialists (RSS) has cemented its status as one of the leading suppliers of lifting equipment to the offshore industry having been recently presented with a DNV GL Type Approval Certificate for wire rope offshore lifting sets. The certificate, valid for four years from November 25, 2016, covers wire rope slings assembled by RSS according to DNV 2.7-1 Offshore Containers and acknowledges that it also complies with EN 12079-2 Offshore containers and associated lifting sets – Part 2: Lifting sets Design…
Engineers Expand the Window for Installing Monopiles
Longitude Engineering – a specialist marine engineering subsidiary of the LOC Group – working closely with Rampion and its contractors, has developed an analysis and modeling process to fully understand why large monopiles oscillate in relatively small wave heights; and to increase the operating window for their installation. Monopiles and turbines are increasing in size as wind farms move farther offshore. At the Rampion Offshore Wind Farm…
InterMoor Upgrades its Port Açu Facility in Brazil
InterMoor said it has added inspection and testing capabilities to its marine base at the Açu Superport in São João da Barra, northern Rio de Janeiro. Open from June 2014, InterMoor’s Port Açu facility is located on a 52,300-m2 site with a 90-m quayside, a 10-m operational draft and a back storage area of 580 m2. With the recent developments, the base now boasts a 1,000-ton test bed and can perform load and breaking test for chain, wire rope and mooring accessories up to 800t SWL.
Danos Names Employees of the Year
Oilfield service provider Danos announced its 2015 Employees of the Year, Mark Doiron and Rene Vidrine. The award is presented each year to one staff member and one field employee who best embody the company’s core purpose and values. “We congratulate Rene and Mark for receiving this prestigious award,” said CEO Hank Danos. Staff Employee of the Year Rene Vidrine started as as a safety specialist for Danos in 2006. In 2012, he joined the Danos team working in West Texas to to establish a foothold in the Permian Basin.
Chain Tensioning, Cutting Completed for FPSO Turritella
InterMoor said it has completed the final tensioning and chain cutting operations on the FPSO Turritella for the Shell Stones project, located in the Walker Ridge protraction area in the Gulf of Mexico (GoM). The FPSO Turritella will connect to subsea infrastructure located beneath approximately 9,500 ft (2,896 m) of water, breaking the existing water depth record for an oil and gas production facility. This ultra-deepwater project marks the first FPSO for Shell in the GoM, and the second FPSO in the GoM.
InterMoor completes Chain Tensioning, Cutting on FPSO in GoM
InterMoor, an Acteon company, has successfully completed the final tensioning and chain cutting operations on the FPSO Turritella for the Shell Stones project, located in the Walker Ridge protraction area in the Gulf of Mexico (GoM). The FPSO Turritella will connect to subsea infrastructure located beneath approximately 9500 ft (2896 m) of water, breaking the existing water depth record for an oil and gas production facility.
RSS Supplies Rigging Equipment for O&G Project in Cypress
Rope and Sling Specialists Ltd (RSS) has supplied over 1,000 units of below-the-hook equipment for major offshore oil and gas projects in Cyprus and Portugal. The Wales-based lifting and rigging gear company fulfilled the order from Maltese oil and gas logistics specialist Medserv, which met Eni’s scope of work for below-the-hook services from a shore base, supporting activity offshore. Italy-headquartered Eni S.p.A.…
Monaco Raids Unaoil Offices Over Global Oil Corruption Probe
Monaco authorities raided the offices of Unaoil, an energy services company, and the homes of its directors after Britain asked for help investigating alleged corruption in the global oil industry. Monaco's government said on its website that it acted after receiving an urgent request for international judicial assistance in criminal matters from Britain's Serious Fraud Office (SFO). Unaoil directors were questioned by Monaco police on Tuesday and Wednesday, the government said.
Chesapeake's McClendon Honored in Oklahoma Waterfront Ceremony
Friends, family and employees of Aubrey McClendon gathered at dawn on Saturday at Oklahoma City's riverfront to pay their respects to the U.S. energy entrepreneur who died this week in a car crash, a day after being indicted on bid-rigging charges. Several hundred people came together in Oklahoma City's Boathouse District, a recreation area along the river that McClendon helped develop after co-founding Chesapeake Energy Corp in 1989 and turning it into one of the leaders of the U.S. fracking boom.
Statoil Awards Contract for Sture and Kollsnes
Statoil has awarded the contract for ISO (insulation, scaffolding and surface treatment) maintenance services at Sture and Kollnes to Prezioso Linjebygg AS. At Kollsnes the contract has been awarded on behalf of the operator Gassco. The contract has a value of NOK 1.1 billion over the 10-year contract period. Maintenance contracts for all of the company’s facilities are being reviewed and included in the ongoing ISO re-negotiation process.
Continental CEO: VW Scandal could kill U.S. Diesel Car Market
Volkswagen's emissions test-cheating scandal could kill nascent markets for diesel cars in North America, Japan and China, the chief executive of automotive supplier Continental has told a German newspaper. "The diesel passenger car could sooner or later disappear from these markets," Elmar Degenhart said in an interview with markets daily Boersen-Zeitung published on Thursday. He added that diesel had a market share of only 1-3 percent in these countries, compared with 53 percent in Europe.
EU Drops Shell, BP, Statoil from Pricing Investigation
EU antitrust regulators have dropped Shell, BP, and Statoil from an investigation into suspected rigging of ethanol benchmarks, focusing instead on three producers of the biofuel. The European Commission said on Monday it had opened a formal antitrust investigation into the actions of Spanish company Abengoa SA, Belgium's Alcogroup SA and Lantmännen ek för of Sweden. In April, EU antitrust regulators raided several bioenthanol…
Vistem's Mobile Access Platform for Offshore Sector
VISTEM, a provider of game-changing technology to the oil and gas industry, has launched an innovative mobile access platform for the offshore sector that is set to bring significant cost, time and safety benefits to clients. The ATEX approved access lift, which reaches a height of 3.5m, is battery and motor free. Powered by a pre-loaded gas spring and gear system, the turning of the simple dead man handle raises and lowers the platform.
EU Drops Shell, BP, Statoil From Ethanol Benchmark Investigation
EU antitrust regulators have dropped Shell, BP, and Statoil from an investigation into suspected rigging of ethanol benchmarks, focusing instead on three producers of the biofuel. The European Commission said on Monday it had opened a formal antitrust investigation into the actions of Spanish company Abengoa SA, Belgium's Alcogroup SA and Lantmännen ek för of Sweden. In April, EU antitrust regulators raided several bioenthanol…
