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Monday, November 20, 2017

Oil And Gas Markets News

US Joiner Announces Acquisition of Infinity Marine Offshore

Affiliates of US Joiner ("US Joiner") announced today the acquisition of Infinity Offshore Marine, LLC ("Infinity"). Infinity is a provider of turnkey marine joiner solutions to the offshore oil and gas market. The company's headquarters is in Houston, TX and it has operations in Brazil. This acquisition will enable US Joiner to further establish its position in the offshore oil and gas market segment and provide it a presence in Brazil. US Joiner is an independent domestic provider of turnkey marine joiner and furniture solutions for U.S. Government and commercial customers.

GranInvestimentos and Royal IHC Join Forces

Brazilian company GranInvestimentos and Dutch company Royal IHC are joining forces to deliver integrated life cycle solutions to customers in the oil and gas sector. Through this partnership, both companies are set to increase their operational and service activities, and expand their presence in Latin America. The association came into effect when IHC acquired a 50 percent share of GranEnergia – a subsidiary of GranInvestimentos that is active in the oil and gas market. The new partnership will be named GranIHC Services. It will provide integrated services to customers in the oil and gas industry in the fields of offshore maintenance and repair, logistical services and infrastructure facilities.

Freudenberg acquires Vector Technology Group

Freudenberg Oil & Gas expands its position and expertise in the upstream segment of the oil and gas market with innovator in offshore sealing solutions. Freudenberg Oil & Gas announced that on January 11, 2013, 100% of the shares of Vector Technology Group, a major global supplier of high integrity sealing solutions for the oil and gas industry, were acquired by parent company Freudenberg Group, headquartered in Weinheim, Germany. The shares were acquired from the private equity firm HitecVision headquartered in Stavanger, Norway.

Bahri Optimistic of Oil Tanker Market

Photo: Bahri

Bahri, a global leader in transportation and logistics, is very optimistic about the future of the oil tanker market and it believes that there will continue to be demand for this market, said Mohammed Al-Sarhan, Vice Chairman of Bahri, who possesses extensive experience in oil and gas, transportation and logistics, and other sectors. He was talking in the annual Bahri Oil Transportation Forum, which was held in Dubai last week. John ‎Angelicoussis, Chairman of Angelicoussis Shipping Group Limited…

Denmark's Ramboll Gain World Oil Capital Foothold

Houston City Skyline: Photo courtesy of Ramboll

International oil and gas consultancy Ramboll has acquired Excel Engineering Inc., an American engineering consultancy within the oil and gas industry based in Houston, Texas. The agreement was signed in Houston by John Sørensen, Managing Director, Ramboll Oil & Gas and Mostafa Jamal, President and CEO, Excel Engineering. Excel Engineering has been an integrated part of the Houston oil and gas market for 20 years, offering quality services across engineering disciplines very similar to those provided by Ramboll today. John Sørensen said:  “I’m very pleased to announce this acquisition.

US to Become Oil and Gas World Leader in Long Term - IEA

© travelview / Adobe Stock

The head of the International Energy Agency Fatih Birol said on Thursday the United States would - in the long term - become the "undisputed leader of oil and gas production worldwide".   Speaking at the U.N. climate conference in Bonn, Germany, he said the agency expected oil markets to rebalance next year if oil demand remained "more or less" as robust as it is today and if OPEC and non-OPEC continued with their oil production cuts.     (Reporting by Ahmad Ghaddar; Editing by Mark Potter)

Sulzer Takes Measures in the Pumps Equipment Division

SBR Factory Jundiai

Based on the current challenging environment in the oil and gas market, Sulzer decided to take measures to streamline the manufacturing capacities of its Pumps Equipment division. Since the beginning of 2015, Sulzer’s Pumps Equipment division has been organized in three market-oriented business units Oil and Gas, Power, and Water, a dedicated global Parts, Retrofit, and Nuclear Services organization, and a Global Operations network. With the new setup, the company targets to make better use of its capacity and improve quality.

Offshore Center Rotterdam in Progressing

Offshore Center Rotterdam. Photo: Paul Martens, Port of Rotterdam Authority

The first 30 hectares of Offshore Center Rotterdam have been completed. PUMA, a project organisation created by a partnership between Dutch hydraulic engineering firms Koninklijke Boskalis Westminster NV and Van Oord NV that focuses specifically on the expansion of the Maasvlakte site, processed 6 million m3 of sand in four months to complete the work. Only 2 million m3 of sand are now needed to raise the other 40 hectares to the required level. There is considerable interest in the centre. The Port of Rotterdam expects the first companies to establish themselves on the site in 2019.

Zamakona Earns Achilles FPAL Certificate

Photo: Zamakona Yards

Shipbuilding and repair group Zamakona Yards reports it has once again received the Achilles FPAL Assessment Certificate. The certificate indicates that industry group Achilles has approved Zamakona following an evaluation of its service in terms of quality, health, safety, environment, competence and training. Achilles FPAL aims to identify, evaluate and prequalify suppliers on behalf of the main actors in the oil and gas market. FPAL objectively analyzes company services, comparing…

Aker Solutions Expands Indonesian Facility

Aker Solutions has opened a new, expanded manufacturing facility for surface trees and wellheads in Batam, Indonesia. The expansion is part of Aker Solutions' strategy to increase its presence in the Asia Pacific oil and gas markets. Aker Solutions has invested $17 million into the expansion, which included a 700-square-meter increase in building space, two new workshops, and a new warehouse. The facility now encompasses a total of 21,800 square meters.

CEVA launches City of Energy in Middle East

City_of_energy

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, being the first logistics company with a facility dedicated solely to the oil and gas market.

MISC Enters Thai Offshore O&G Market

Pairoj Kaweeyanun, President of Chevron Offshore Thailand, Ltd., and Tuan Syed Hashim Syed Abdullah, Vice President Offshore Business of MISC Berhad, after the signing of agreement between Chevron Offshore (Thailand) Ltd. and MISC Offshore Floating Terminals (L) Limited. (Photo: MISC Berhad)

Energy related maritime solutions and services provider MISC Berhad (MISC) has made inroads into Thailand’s offshore oil and gas market for the first time. MISC’s wholly-owned subsidiary, MISC Offshore Floating Terminals (L) Limited (MOFT) signed a contract for the lease and operations of a Floating, Storage and Offloading Vessel (FSO) for the FSO Benchamas 2 Project by Chevron Offshore (Thailand) Ltd. (COTL) in the Gulf of Thailand. The contract was secured through an international competitive bidding process and marks MISC’s maiden foray into Thailand’s offshore oil and gas market.

Canyon Offshore Wins Contract on Deepwater Canyon Express

Canyon Offshore has been awarded a one-year Remotely Operated Vehicle services contract to support maintenance on the Canyon Express development in Mississippi Canyon in the Gulf of Mexico. At 7,200 feet of water, Canyon Express is the deepest operating production project in the world and includes three separate gas fields, King’s Peak, Aconcagua and Camden Hills. Under the terms of the contract, Canyon will provide integrated ROV and DP vessel services on an ongoing scheduled and callout basis. Initial planned work includes a detailed baseline CP and visual survey of the East and West flowlines, and the main umbilical and methanol coiled tubing lines. In addition, Canyon will replace subsea chemical injection valves and undertake other field maintenance and intervention tasks as required.

Fugro Cut Costs on Market Downturn

Sales down 2.1 percent, order backlog falls 11 percent. Dutch marine services company Fugro said on Wednesday it would further cut costs and reduce the number of ships in its fleet in light of the continuing downturn in the oil market affecting its customers. The company reported a 2.1 percent fall in sales to 594 million euros ($652 million) for the first quarter of 2015 from the same period a year ago. It said its order backlog for the remainder of 2015 has fallen by 11 percent to 1.61 billion euros. "The drop in backlog however is a clear signal of the continuing downturn in the oil and gas market," CEO Paul van Riel said in a trading update. "In light of oil and gas market developments and reduced visibility, we have decided to implement additional cost reduction measures," he said.

Ron Person Joins Klüber

Photo: Klϋber

KlĎ‹ber Lubrication, a worldwide manufacturer of specialty lubricants, announced that Ron Person has joined its North American operations as director of business development for oil and gas. In his new role, Person will be responsible for further developing application-specific support and customer service initiatives designed to better position Klüber Lubrication as a specialty lubricant producer in the oil and gas market. Person will work closely with key equipment manufacturers in the industry to match existing Klüber products to applications…

RigNet Gets Brazil Offshore Communications Contract

RigNet wins 6-year contract from major contractor for managed remote communications services on an ultra-deepwater drill rig. "It is a pleasure to bring the Brazilian oil and gas market high-quality, leading managed communications services," said Mauricio Rubinsztajn, RigNet's Brazil General Manager. Through VSAT technology solutions, RigNet is able to meet two priorities for the oil and gas community: high-performance and security. The demands on reliable offshore and onshore communication systems require dependable and efficient support around the clock. RigNet's Network Operation Center provides 24/7 network monitoring and can dispatch local field technicians when required.

BG Global LNG Appoints New VP

BG Global LNG appointed David Maxwell to the leadership team of the Global LNG business, according to a Chron.com report. As vice president and general manager, LNG Business Development, Maxwell will be responsible for developing new LNG opportunities in Asia Pacific for BG as well as helping to realize existing opportunities. Maxwell was with Woodside where he was director, Gas and Marketing and was involved in the development of Woodside's natural gas and LNG portfolio. He brings an in-depth knowledge of the oil and gas markets in the Asia Pacific region. Prior to this he was with Santos and had responsibility for marketing and business development. Maxwell will be based in BG's offices in Singapore. Source: Chron.com

BG Global LNG Appoints New VP

BG Global LNG appointed David Maxwell to the leadership team of the Global LNG business, according to a Chron.com report. As vice president and general manager, LNG Business Development, Maxwell will be responsible for developing new LNG opportunities in Asia Pacific for BG as well as helping to realize existing opportunities. Maxwell was with Woodside where he was director, Gas and Marketing and was involved in the development of Woodside's natural gas and LNG portfolio. He brings an in-depth knowledge of the oil and gas markets in the Asia Pacific region. Prior to this he was with Santos and had responsibility for marketing and business development. Maxwell will be based in BG's offices in Singapore. Source: Chron.com

Kittiwake Appoints Lucas

Kittiwake Developments Limited, a leader in onsite and online condition monitoring equipment for fuel oil, lubricating oil and industrial water announced the appointment of Martin Lucas as Managing Director. Lucas, who took up his new position in September, has been involved in the development, manufacture and sale of instrumentation for the last 25 years and has operated in the aviation, marine, industrial and oil and gas markets during this time. He joined Kittiwake in 2000 as Sales Manager for Fuel and Lube Products focussing on the development of the business into new markets and expanding the business geographically. He was responsible…

Harris Pye Opens New Office in Dubai

Harris Pye marked another milestone in their bid for further global expansion last week with the opening of their brand new company in Jumeirah Lakes Towers, Dubai, United Arab Emirates. This company was established to centralize engineering teams to support global business dealings with regard to offshore. Mark Prendergast Group Managing Director commented, "This office is specifically set for a purpose - the oil and gas market sector." With the management's sights set on expansion within the offshore market the new branch opening should allow for some fierce competition. Dubai was selected from a shortlist as it presented Harris Pye with an exceptional level of resources and skill sets by experienced personnel.

Shoaibi Group, GMS in Joint Venture

A new joint venture between Saudi Arabia’s Shoaibi Group (SG) and the UAE’s Gulf Marine Services (GMS) has been created to provide offshore barge operation services. The new company, named “Gulf Maritime Services Saudi Arabia Ltd” (GMSSA), will be based in Al Khobar, Saudi Arabia, and will allow the JV partners to expand their off-shore operations of barge charters and avail from the scale of opportunity and future potential for all offshore areas arising in the region. Gulf Marine Services is currently the largest elevating support vessel operator in the Middle East…

CNPC, Cheniere Pact for LNG

Photo: Cheniere Energy, Inc

China’s state-owned oil company, China National Petroleum Corporation (CNPC), and U.S. independent energy company Cheniere Energy have signed a Memorandum of Understanding (MoU) for long-term sales and purchases of liquefied natural gas (LNG), Reuters reported. The report quoted U.S. State Department saying that the deal between the two companies was signed during president Trump’s first state visit to China. Neither companies disclosed details of the transaction. According to CNPC…

Delfin Taps China for US FLNG, but Final Investment Decision 'Challenging'

(Image: Delfin LNG)

Delfin Midstream, developing the first floating facility to export U.S. natural gas, has sealed a preliminary 15-year sales deal with city gas distributor China Gas Holdings, Delfin founder and Chief Executive Officer Frederick Jones said. But industry veteran Jones told Reuters in an interview that Delfin is also tapping unnamed Chinese banks to fund its ambitious $8 billion as the current global supply overhang in liquefied natural gas (LNG), with bumper exports also expected from Australia and Qatar, makes Delfin’s target of a final investment decision (FID) in 2018 challenging.

Maritime Reporter Magazine Cover Nov 2017 - The Workboat Edition

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