Battery-Power Moves Ahead in the Yacht Sector
Yachts de Luxe (YdL) of Singapore placed a 10-year, $5 million contract with OXIS Energy to build the world’s first ever luxury boat to be powered by Lithium Sulfur (Li-S) cell and battery systems technology with a design range between 70 and 100 nautical miles at cruising speed.OXIS will work with YdL to design the new 40 foot luxury day boat which will carry a 400 kWh battery system comprising of Ultra Light…
BY THE NUMBERS - Offshore Supply Vessels: Balanced Continued Pressure with Gradual Recovery
Global consulting firm AlixPartners, in a new paper entitled, “Too many ships, too few rigs: why recovery is still a distant dream for the OSV sector,” warns that companies counting on a quick return to stability in the OSV sector are in for a rude awakening.The September report goes on to say that OSV companies continue to face pressure due to a radically…
Alba Gaskets Adds Manufacturing Division
Aberdeen-headquartered oil and gas services company Alba Gaskets has invested more than £100,000 ($140,000) in a manufacturing division, while launching two new products aimed at the global energy industry. The firm previously acted as a stockist and distributor for a number of international gasket manufacturers, but having seen a gap in the market for high-end…
Lamprell, GustoMSC join forces to develop Jackup Rig design
Lamprell announced its exclusive collaboration with GustoMSC to develop the Lamprell Jackup-43 (LJ43) jackup rig design, creating an advanced drilling rig with the highest level of safe, efficient and reliable drilling capabilities. The LJ43 drilling rig will combine Lamprell’s system integration capability, detailed engineering expertise and construction experience with the robust and advanced technology of GustoMSC designs.
Shell's Search for Oil Moves Closer to Home
In the waters off Malaysia, Royal Dutch Shell is finding gas quickly and cheaply to replenish depleting fields where only a few years ago geologists had lost hope of discovering any new reserves. The Anglo-Dutch group is combining the latest technology with the wisdom of industry veterans to unlock new oil and gas deposits where it already operates, usually within 20 km (12 miles) of existing platforms.
Aker/DNV GL Ink Frame Agreement
Aker BP has awarded a new frame agreement to DNV GL, covering a wide range of safety, verification, inspection and classification services across its installations on the Norwegian Continental Shelf. The five-year contract, which includes options for extension, will see DNV GL experts integrated into Aker BP’s organization to provide decision-making support and stand-alone assessments.
Bear Head LNG GHG Management Plan Approved
Bear Head LNG Corporation Inc. (Bear Head LNG) received Nova Scotia Environment’s (NSE) approval for its Greenhouse Gas (GHG) Management Plan for its liquefied natural gas (LNG) facility on the Strait of Canso in Richmond County, Nova Scotia. The GHG Management Plan provides Bear Head LNG’s strategy for managing GHG emissions through technology selection, design of the facility, and operations.
Pharos Offshore Hires Deepsea Worker
Pharos Offshore Group are in the process of mobilising the newly named DP2 Deepsea Worker with a Work Class ROV, an Observation Class ROV and a subsea excavation spread, ready for 2016/2017 operations. Aleron Subsea will be Pharos Offshore’s ROV partner during the period, providing a comprehensive vehicle support package, whilst Pharos operates the equipment.
Next Geosolutions Wins MONITA Project Contract
Next Geosolutions, an independent geoscience and engineering service provider, has secured a £12million (€15million) survey contract from Prysmian Group for the MONITA Project in the Adriatic Sea. The project, which is due for completion in Q3 2016 and is the company’s biggest contract win since its establishment in 2014, consists of a 500kV power cable interconnection being constructed between Montenegro and Italy.
Subsea Global Solutions Opens Texas Office
Subsea Global Solutions (SGS), an underwater repair, maintenance and marine solutions provider for the global marine industry, today announced that the company has opened a new office in Texas to address growing demand for service in the U.S. Gulf Coast oil, gas and commercial shipping industries. The office, in Webster, Texas – near Houston – puts SGS in a position to support its expanding rapid-response maintenance…
EMGS 3Q Performance Sturdy
Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 16.3 million in the second quarter 2015, up from 12.1 million in the previous quarter and down from USD 41.7 million in the corresponding quarter in 2014. Contract sales ended at USD 9.1 million, while sales from the multi-client library ended at USD 7.2 million. The results were negatively affected by extraordinary costs related to the Company's cost reduction program.
ABB to Upgrade S. Arabia’s Power Grid
ABB technology to upgrade five GIS substations to increase electricity transmission capacity ABB, the leading power and automation technology group, has won orders worth around $150 million from the Saudi Electricity Company (SEC) to expand five existing substations, helping to ready the country’s transmission system for a 50 percent expansion of power generation capacity to accommodate a growing economy.
ABB to Deliver Power Solutions to Ocean Rig’s drillships
ABB, a global leader in power and automation technology, has secured an order to deliver total power solutions to Ocean Rig’s two seventh generation new integrated design mobile offshore drilling units (MODU) that is being built by Samsung Heavy Industries (SHI) at Goeje shipyard in Korea. The contract includes an option to extend the delivery to two additional vessels.
Van Oord Cable-layer Launched by Damen
Van Oord’s new DP2 cable-laying vessel, Nexus, was officially launched at Damen Shipyards Galati on June 30. The 123 m multipurpose vessel will be deployed installing electricity cables for offshore wind farms. The international contractor for dredging, marine engineering and offshore energy projects has made the investment in this vessel to pursue its strategy to offer Engineering…
