Digitalization: Leveraging Digital Innovation in Offshore Energy
There is an increasing expectation that oil and gas firms can demonstrate their value and efficiency through more data-centric processes, managing costs and reacting more quickly to changing market conditions. While the sector has typically been slow to adopt digital innovations, today’s offshore energy markets are fluid and fast-changing, and the ‘business as usual’ model will not necessarily yield the best future results.AI, automation and data-driven solutions are helping companies across industries to reduce costs…
Infinity, Medserv Form Services JV
Aberdeen-based Infinity Oilfield Services and Malta-based Medserv have formed a new joint venture named InMedCo, to provide a broader portfolio of highly specialized technical services to the oil and gas market.The InMedCo joint venture combines Infinity’s technical and engineering expertise with Medserv’s integrated logistics capability and quayside facilities in Malta and Cyprus.The company provides inspection, repair, upgrade and refurbishment of topside and drilling equipment for platforms…
Eidesvik Offshore, Wärtsilä Norway and DNV GL Celebrate FellowSHIP
Project partners Eidesvik Offshore, Wärtsilä Norway and DNV GL have announced the closure of the FellowSHIP research project. The cooperation has explored the use of battery, hybrid and fuel cell technology in the maritime industry for over 15 years.“FellowSHIP has been a flagship research project,” states Bjørn-Johan Vartdal, Maritime Programme Director for Technology and Research in DNV GL Group. “The results from FellowSHIP have shaped our…
Trans Global Projects Celebrates 30 Years
International logistics solutions provider Trans Global Projects Ltd (TGP) celebrates its 30th anniversary in 2018. TGP was founded on January 4, 1988 by Julian Clarke, Nick Harsant and Colin Charnock, who is the Group’s managing director. Headquartered in the U.K., TGP’s service portfolio comprises activities such as project logistics management, supply chain management, ship chartering, aviation logistics, logistics consultancy and procurement, which are delivered through a network of 20 offices across the world.
Virgina Offshore Wind Project Moves Forward
An offshore wind project in the U.S. mid-Atlantic is moving forward, as project owner Dominion Energy Virginia has signed an agreement and strategic partnership with DONG Energy to build two 6-megawatt turbines 27 miles off the coast of Virginia Beach. The two companies will now begin refining agreements for engineering, procurement and construction. Dominion Energy remains the sole owner of the project. Engineering and development work on the…
BP Appoints Heads of production, Drilling
BP has reshuffled its exploration and production division as the oil company readies for the biggest jump in output in its history. The British firm is launching a record number of projects this year and plans steep growth in production through 2021. The chief of the production, exploration and development unit or upstream division, Bernard Looney, has appointed several executives including a new head of production and a new head of drilling, BP told Reuters.
Europe's Offshore Wind Industry Prepares for Atlantic Crossing
Leases up for grabs off U.S. Atlantic coast; Europe leads industry but state support cooling. Yield-hungry investors in the offshore wind market are switching their sights to the United States as future support for the industry in Europe remains uncertain, leaving billions of euros looking for a new home. The shift in focus comes as three states on the U.S. east coast -- Massachusetts, New Jersey and New York -- are auctioning leases on hundreds of thousands of acres for offshore wind farms, drawing interest from leading European companies.
Leary Named President of Fairweather, Deadhorse Aviation Center
Linda Leary has been appointed president of Fairweather, LLC and the Deadhorse Aviation Center, LLC (DAC), Fairweather, LLC and Edison Chouest Offshore (ECO) announced today. A longtime Alaskan, Leary brings more than 30 years of logistics and sales experience, formerly serving as the president of Carlile Transportation Systems – one of Alaska’s largest trucking and logistics companies – and senior vice president of Alaska Communications. Leary is active in several leadership roles throughout Alaska.
Hundreds of Rail Tank Cars Now Idle
Amid the rolling mountains surrounding this quiet town in southwest New York state, tucked away on miles-long stretches of underused rail tracks, hundreds of idle oil tank cars attest to the extent of fallout from oil's rout. The oil tank cars - a year ago sought-after to haul crude from North Dakota to New Jersey - now stand idle as a result of two converging trends: the reversal in U.S. shale oil production and the completion of new pipelines. They show how the pain from the slump in the oil-by-rail industry has spread far and wide.
Schlumberger Betting on Slight Recovery in N.America Demand
Schlumberger NV is betting on an uptick in demand for oilfield services in North America, a market that has been battered by a steep drop in oil prices. The world's No.1 oilfield services company would carry "slightly more" costs in the current quarter to "be ready for growth in activity", CEO Paal Kibsgaard said on a post-earnings call on Friday. "We believe we are getting close to bottom," he said, but warned he couldn't be a "100 percent certain" of higher activity in the fourth quarter, or even the first quarter of 2016.
CEVA Appoint Two Sr Executive
Hoofddorp, the Netherlands, 27 April, 2015 – CEVA Logistics, one of the world's leading supply chain companies, today announced the appointment of two senior executives with deep sector-specific operations expertise to further drive its customer-focused Contract Logistics strategy. In its Contract Logistics business line, CEVA has established an industry sector and solutions approach led by industry operations experts in Automotive, Industrial, Technology, Consumer and Retail, Healthcare and Energy.
Rolls-Royce Acquires R.O.V Technologies Inc
Rolls-Royce has today announced the acquisition of R.O.V Technologies, Inc., a US-based business primarily providing nuclear utility operators with remote visual inspection services for Boiling Water Reactors (BWR) and Pressurised Water Reactors (PWR). Jason Smith, Rolls-Royce President-Nuclear, said: “The acquisition of R.O.V Technologies, Inc. underlines our commitment to developing a nuclear business that meets customers’ needs for improved equipment reliability and outage performance over the operational and extended lifetime of their plant.
Duo of Senior Appointments for ATR Group
Global equipment specialist ATR Group has appointed a new operations director to lead its Lifting Solutions division as it continues to build for sustained growth in the international oil and gas marketplace. Pam Thom brings more than 18 years industry experience to the newly-created role which will see her focus on supporting onshore operations across ATR’s UK network. Formerly operations director at Conserve Oilfield Services, she brings a wealth of knowledge in supply chain management, procurement, logistic and operational excellence to ATR.
McDermott Engineers Created the World’s Largest Specialty Valves
After nearly two years of planning and development McDermott's team has achieved a first of a kind in the valve industry; creating the world’s largest forged body specialty valve, in collaboration with a valve manufacturer. The valves are destined for the INPEX-operated Ichthys LNG Project. “The Ichthys Project umbilical, riser and flowline infrastructure – which will be installed at the Ichthys Field offshore Western Australia - requires connection…
Caterpillar Named to Dow Jones Sustainability Indices
Caterpillar Inc. has been named to the 2014 Dow Jones Sustainability Indices (DJSI), recognizing Caterpillar as a sustainability leader in the Industrial Engineering sector. This marks the 13th year for Caterpillar to be included in the list since DJSI debuted in 1999. The annual DJSI process involves a thorough analysis of corporate economic, environmental and social performance factors, assessing issues such as innovation management, supply chain management, climate strategy, product stewardship, labor practices and health and safety.
Sound Oil Promotes Italy MD to its Board
Sound Oil, the Mediterranean focused upstream oil and gas company, is pleased to announce that Luca Madeddu, Sound Oil's Italian Managing Director, has been appointed to the Board with immediate effect. Luca has been with Sound Oil since 2012 and brings over 24 years of experience in the upstream oil and gas industry with ENI, the major integrated energy company. Luca is a reservoir geologist by background and has extensive experience in hydrocarbon production…
CEVA launches City of Energy in Middle East
CEVA Logistics, one of the world’s leading global supply chain management companies, today announced the official opening of the City of Energy in the United Arab Emirates. The hub, which covers an area of 27,000 sqm of warehouse space and 10,000 sqm of yard space, is strategically located in Jebel Ali Free Zone in Dubai and is fully dedicated to the warehousing and handling of oil and gas products for the Energy sector. The cutting-edge logistics platform is unique in the Middle East…
Noble Strikes Second Private Equity Deal
Global commodity trader Noble Group Ltd has joined forces with a private equity group to set up an energy investment fund run by a former Royal Dutch Shell executive, its second such arrangement in a year. Noble and EIG Global Energy Partners are creating Harbour Energy, the latest deal to combine commodity merchants' trading savvy with the financial power of private equity. Linda Cook, who previously was head of Shell's gas and power business, will be chief executive officer.
