Offshore Energy Production & the World Economy
As the price of gas continues to seemingly hold steady at around three dollars a gallon, the pocketbooks of Americans continue to suffer. Regretfully, due to global conflict and the outbreak of wars across Europe and the Middle East, oil prices are continuing to climb upwards, troubled by geopolitical conflict and fears of a potential shutdown of international oil and gas fields.Thankfully…
OTC 2021 Postponed
One of the world's largest conferences and exhibitions dedicated to the offshore energy industry will be postponed next year due to the ongoing COVID-19 pandemic.The Offshore Technology Conference, which attracts tens of thousands of visitors to Houston annually, will be postponed from May 3-6 to August 16-19, the event's board of directors announced Monday, citing continued challenges…
Wood, NERA Team Up for AI-Powered Subsea Inspections
Oil and gas engineering firm Wood has teamed up with National Energy Resources Australia (NERA) to develop and deliver an AI Inspection tool for subsea oil and gas infrastructure.The companies say that the solution has the potential to revolutionize the way asset inspections are conducted in challenging and high-risk environments across a range of industries while increasing the speed and accuracy of issue detection…
GMS Rejects Seafox Proposal Again
Gulf Marine Services (GMS), a UAE-based owner of a fleet of jack-up service units for the offshore energy industry, has again rejected Seafox's takeover proposal and has urged its shareholders to do the same.Seafox, the Dutch owner of a fleet of offshore jack-up service vessels, late in April made a non-binding proposal to take over the UAE-based jack-up specialist GMS. Both companies…
Ampelmann Makes One Millionth Offshore Transfer in Middle East
Ampelmann, a Dutch company providing crew transfer gangways to the offshore energy industry, has said it has achieved a milestone of one million safe personnel transfers in the Middle East.The company said Wednesday that the milestone, which it took nearly a decade to achieve, was achieved during a project with vessel owner Halul Offshore Services, a subsidiary on Milaha.The millionth transfer crew transfer was made via Ampelmann's A-type system…
ABS to Class Silver Eagle's New Jack-Ups
ABS, a classification services provider to the marine and offshore industries, will provide classification for a series of "highly innovative Self-Elevating Drilling Units (SEDU)" for Silver Eagle Global.Silver Eagle, of Manama, Bahrain, says the self-propelled design is capable of working at greater water depths and in harsh environments. According to Silver Eagle Global, the Silver Eagle SEDU 430WC-4 will have the industry’s largest deck area and deck load capacity…
Italian Marine Cable Laying Firm to Cut Dividend
Italian marine cable installation company Prysmian plans to cut the dividend by 50 percent, citing the effect of the coronavirus pandemic and its effects on the global economy.Citing the spread of the pandemic and its potential duration, and given the uncertainty surrounding the terms and geographical extent of the restrictions to production and logistics around the world, as well as the slowdown that it could cause on the demand and the economic cycle…
Offshore Technology Conference (OTC) 2020 Postponed
Offshore Technology Conference 2020, one of the world's largest conferences and exhibitions dedicated to the offshore energy industry, will be postponed this year due to the coronavirus outbreak.The OTC 2020 organizers said on Friday that the conference, originally scheduled for May 4-7, 2020, would be delayed.“The Offshore Technology Conference (OTC) recognizes the unprecedented global challenge associated with the current COVID-19 pandemic.
Rever Completes North Sea Decom Project
Subsea services provider Rever Offshore has successfully completed a North Sea infrastructure decommissioning project of the Greater Dunlin Area for Fairfield Energy.The subsea project delivery and execution provider to the offshore energy industry said that the assignment – in the East Shetland basin – was “one of the largest scale decommissioning projects undertaken by the company.”The project used diving support vessels Rever Sapphire and Rever Polaris…
ORCA Hub Readies Drones for Offshore Energy
A consortium of five universities, including Heriot-Watt University, working with 35 industrial and innovation partners, has unveiled the latest results from its research collaboration.The largest academic center in the world for research into robotics technology for offshore energy infrastructure, the ORCA Hub’s aim is to advance robotics and Artificial Intelligence technologies for the inspection…
Luthi Steps Down as NOIA Head
The National Ocean Industries Association (NOIA) announced that Randall Luthi will leave the organization next month, after serving as the group’s president for nearly 10 years. Luthi will return to his home state of Wyoming to serve as Chief Energy Advisor to Wyoming Governor Mark Gordon.The offshore energy group NOIA represents more than 250 companies involved in the exploration and development of offshore energy, including oil and gas as well as renewables.
NOIA Statement on Trump’s SOTU Address
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 for American energy dominance in conjunction with facilitating new energy infrastructure.
ABP, Peterson Sign Pact
The logistics and service provider to the offshore energy industry Peterson UK Limited has concluded a new long-term agreement with Associated British Ports Holdings (ABP) to establish a new operational and logistics base to the Port of Lowestoft.ABP, which owns and operates 21 ports in the United Kingdom, said that the new agreement will see Peterson operate a wide range of warehouse…
Lamprell Wins Offshore Wind Project
Lamprell announced that it has been selected by GeoSea Procurement & Shipping Luxembourg SA, a wholly owned subsidiairy of GeoSea NV, the lead engineering, procurement, construction and installation contractor on the Moray East offshore wind farm, to fabricate jacket foundations for the project.Lamprell, the provider of fabrication, engineering and contracting services to the offshore energy industry…
Subsea 7 Wins Shearwater Deal from Shell
Offshore engineering and construction specialist Subsea 7 has won an EPCI contract from Royal Dutch Shell for the Shearwater Fulmar Gas Line (FGL) Re-Plumb project, located approximately 140 miles east of Aberdeen in the UK central North Sea.The engineering, procurement, construction and installation (EPCI) project workscope incorporates a 37km 24” export line, a 14” rigid riser, control jumper…
Smarter Energy Policy Will Broaden Offshore Recovery
For the past few years, depressed commodity prices, stricter regulatory requirements and competition from onshore development at home and from other countries offering attractive offshore lease and royalty terms have had severe impacts on new exploration in the U.S. Gulf of Mexico. Thankfully, the tide appears to finally be turning.In August, Gulf of Mexico Lease Sale 251 drew increased competition for offerings and $178 million in high bids…
Signs of Recovery in the US Gulf of Mexico
Today's U.S. auction of Gulf of Mexico exploration leases drew tepid response from oil companies, but marked notable progress for an industry still in a state of recovery.“While not a barn burner, Lease Sale 251 tops the previous Gulf sale in terms of increased participation, increased competition for offerings, and bid amounts,” said Randall Luthi, president of the National Ocean Industries Association (NOIA).
NOIA's Tim Charters Lands VP Promotion
Tim Charters has been promoted to Vice President of Governmental and Political Affairs at the National Ocean Industries Association (NOIA). Charters joined NOIA as a Senior Director in June of 2017, after serving as Vice President of Governmental and Regulatory Affairs at the National Stripper Well Association. “Tim’s extensive Congressional and industry experience in energy and natural resources issues serves NOIA well…
EnVen bags NOIA Safety in Seas Culture of Safety Award
The National Ocean Industries Association (NOIA) presented EnVen Energy Corporation with the 2018 NOIA Safety in Seas (SIS) Culture of Safety Award today during the association’s annual meeting in Washington, DC. EnVen Energy won the Culture of Safety Award in recognition of its remarkable safety culture transformation between 2013 and 2017. David Carmony, Chief Operations Officer for…
Offshore Achievement Award winners Announced
Winners of the 2018 Offshore Achievement Awards were announced last night {22 March} in a celebration of industry talent, innovation and enthusiasm. The Society of Petroleum Engineers (SPE) Aberdeen Section revealed the 11 winners to an audience of more than 450 people, with categories covering technology innovation, company performance and individual achievement across the UK offshore energy sector.
