Oil Industry

RMT responds to NAO report on oil and gas in the UK offshore decommissioning

Mick Cash

RMT responds to NAO report on oil and gas in the UK offshore decommissioning 

 General Secretary Mick Cash said;
 “This is the only growth area of spending in the offshore oil and gas sector. 
“Over the next decade UKCS decommissioning must benefit UK employment to reduce job losses from declining oil and gas resources, including seafarers and divers on specialist ships used to decommission hundreds of rigs and platforms, thousands of wells and subsea pipelines. 
“Yet the Oil and Gas...

http://www.allaboutshipping.co.uk/2019/01/25/rmt-responds-to-nao-report-on-oil-and-gas-in-the-uk-offshore-decommissioning/

Record turnover for LIQUI MOLY with lower growth

Ernst Prost, LIQUI MOLY CEO

Trade disputes, a weak ruble and low crude oil prices have slowed down the German oil and additive specialist

December 2018 – During its first year as part of the Würth Group LIQUI MOLY has chalked up a new record turnover. But the growth has been more subdued than previously. The German oil and additive specialist recorded a turnover of € 544 million, just two percent more than the previous year. “International trade disputes, the hot summer and increasing costs,...

http://www.allaboutshipping.co.uk/2018/12/27/record-turnover-for-liqui-moly-with-lower-growth/

Angus Procter elected as wet FFABA Chairman

Angus Procter

Angus Procter, of Braemar ACM-GFI, has been elected as Chairman of the Wet FFA Brokers Association (FFABA). He replaces Pat Donnelly, also of Braemar ACM-GFI, who has chaired the group, which represents the worldwide community of tanker Forward Freight Agreement (FFA) brokers, since 2017. 

Founded in 1997, the FFABA is the worldwide association for Forward Freight Agreement (FFA) broking firms. Working with the Baltic Exchange, the FFABA organises educational workshops and industry...

http://www.allaboutshipping.co.uk/2018/12/19/angus-procter-elected-as-wet-ffaba-chairman/

Mid-week blues with the BDI@BDI 1,378

John N. Faraclas

The BDI (Baltic Dry Index) lost 17 points earlier on today; Geopolitics still enigmatically perplexed …and the Chios Marine Club makes waves. John Faraclas’ daily recap:

Another triple-digit points were lost for the Capes’ BCI  now standing at 2,264 – minus 129! Volatility – on all counts, at its best…

Minimal losses for the Panamaxes BPI now at 1,492 – minus two points; Christopher Columbus would have liked this number…

Plus two points for the Supras’ BSI now at 979…

The Handies’ lo...

http://www.allaboutshipping.co.uk/2018/12/19/mid-week-blues-with-the-bdibdi-1378/

Shipping, logistics and marine giant GAC to set up operations at Khalifa Industrial Zone Abu Dhabi (KIZAD)

Leading integrated shipping, logistics and marine services provider GAC is opening a warehouse and open yard in the Middle East’s largest industrial zone and a subsidiary of Abu Dhabi Ports, Khalifa Industrial Zone Abu Dhabi (KIZAD).

The new GAC Abu Dhabi facility, expected to be fully operational by January next year, will serve a wide range of sectors including oil and gas, manufacturing, construction, FMCG, household effects, and specialist equipment.

GAC has been in Abu Dhabi since 1967, and...

http://www.allaboutshipping.co.uk/2018/12/18/shipping-logistics-and-marine-giant-gac-to-set-up-operations-at-khalifa-industrial-zone-abu-dhabi-kizad/

IMCA holds highly successful annual seminar

Allen Leatt, IMCA’s CEO at the IMCA Annual Seminar in The Hague

  • Inspirational speakers captivate an audience of 300 delegates from across the industry

The International Marine Contractors Association’s (IMCA) Annual Seminar was enthusiastically greeted by delegates in a packed theatre at The World Forum in The Hague last week. Nearly 300 managers and executives from across the globe attended the two-day sell-out Seminar with its theme ‘Working together – getting back to business: Oil companies...

http://www.allaboutshipping.co.uk/2018/12/10/imca-holds-highly-successful-annual-seminar/

Wärtsilä: Reduce Opex and Become Greener

The oil & gas industry was plunged into turmoil when the oil price crashed in 2014. To get back on track, the industry has been forced to transform. It has been forced to figure out new ways of working and apply new solutions to remain profitable while oil price fluctuates. The question that oil companies and drilling contractors are asking is this: can the environmental footprint be reduced while at same time lowering OPEX? Fortunately, the answer is yes.

Carrying out sustainable OPEX...

http://www.allaboutshipping.co.uk/2018/11/30/wartsila-reduce-opex-and-become-greener/

Naviera Integral signs contract with Damen for its 15th Fast Crew Supplier FCS 5009

from the contract signing on a l to r: Josien Damen (wife of  Kommer Damen), Julio Montelongo Flores (Operational Director, Naviera Integral), Juan Pablo Vega Torre (Vicepresident, Naviera Integral), René Berkvens (CEO, Damen Shipyards Group), Juan Pablo Vega Arriaga (President, Naviera Integral), Kommer Damen (Chairman, Damen Shipyards Group),  Arnout Damen (CCO, Damen Shipyards Group) and Peter Damen (Sales Manager Americas, Damen Shipyards Group).

Leading Mexican offshore contractor Naviera...

http://www.allaboutshipping.co.uk/2018/11/29/naviera-integral-signs-contract-with-damen-for-its-15th-fast-crew-supplier-fcs-5009/

American Club: Iran sanctions update – Iranian crude oil shipment waivers

Joseph E.M. Hughes, Chairman and CEO, Shipowners Claims Bureau, Managers for The American Club

In Club Circular 41/18 of November 6, 2018 Members were informed of the reimposition of US secondary sanctions against Iran in the aftermath of the US Administration’s decision to withdraw from the Joint Comprehensive Plan of Action (JCPOA) signed by China, France, Germany, Russia, the United Kingdom, the United States, the European Union (EU) and Iran.

The US has made it clear that it expects all...

http://www.allaboutshipping.co.uk/2018/11/28/american-club-iran-sanctions-update-iranian-crude-oil-shipment-waivers/

FUGRO Generates AUD 10 million cost saving award-winning ROV deployment technique

Fugro’s award-winning PDROV technology delivers substantial cost-savings and operational improvements.

Fugro’s innovative use of platform deployed ROV (PDROV) technology has demonstrated substantial reductions in the costs of subsea jacket inspections and significant operational improvements.

Recognised recently by an Engineering Excellence Award from Woodside Subsea Academy, Fugro’s novel PDROV for subsea jacket inspections at Australia’s largest oil and gas development reduced Woodside’s costs...

http://www.allaboutshipping.co.uk/2018/11/21/fugro-generates-aud-10-million-cost-saving-award-winning-rov-deployment-technique/

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