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Friday, October 30, 2020

Offshore Oil News

Image credit: marcin jucha/AdobeStock

Offshore Industry Welcomes UK Gov't Job Retention Bonus. Calls for Long-Term Support

; the UK government said.The objective of the scheme is to provide a financial incentive to employers to bring their furloughed staff back to work and keep themon over the coming months as an alternative to redundancy. Oil and Gas UK Welcomes the Plan, Calls for Long Term SupportThe UK’s offshore oil and gas industry's representative body Oil and Gas UK has welcomed the Chancellor’s announcement of support for employers, including the Job Retention Bonus and moves to support more traineeships and jobs for young people.The representative body for the sector OGUK said that

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© zozulinskyi/AdobeStock

The Emerging U.S. Offshore Wind Industry in a Post-COVID-19 World

plan. Moreover, this is a politically charged topic, and there are several movements afoot to try to change these laws and regulations in potentially material ways, so this will need to be continuously monitored.While the U.S. offshore wind industry is in its infancy, we do have a well-developed offshore oil and gas industry, particularly in the U.S. Gulf. Much of the “oil patch” vessel work has been fixed on the widely used time charter SUPPLYTIME 2005 form. However, because that form was intended for the oil and gas industry, it required extensive amendments to fit the needs of the offshore-w

“I think we need to be bold in our thinking, but cautious in our applications. It doesn’t cost that much money to play around with ideas; and that small investment could turn up some great benefits. But if you’re afraid to make that initial investigation, things will pass you by.”
John Waterhouse, Elliott Bay Design Group

Interview: John Waterhouse, EBDG - “Be Bold in Thinking but Cautious in Application”

contends that the real challenge moving forward will center on energy management onboard ships and boats; specifically using less of it via optimized hull forms and systems to recover, store, monitor and manage energy, citing innovations such as the “battery in a box on deck” solution for offshore oil, an energy storage solution that assists during dynamic positioning work when there is a need for brief energy pushes.He said many clients are looking at autonomous opportunities, “but in reality we have had autonomy at different levels for some time … autopilot, the unmanned engine

For Illustration; EnQuest Producer FPSO - Image by Christian Schmarje/MarineTraffic

EnQuest to Axe 530 Jobs in UK

Results throughout this timely and efficient collective consultation process that deals fairly with employees. The Company expects to have the new organization established in Q3 2020," the spokesperson said.30,000 oilfield jobs in UK at riskOil & Gas UK, an industry body representing the UK offshore oil and gas industry has said that up to 30,000 jobs could be lost in the UK's offshore oil sector as companies grapple with the effects of the coronavirus pandemic and a 20 year low in oil prices and a 14 year low for gas."There is now a stark contrast in sentiment compared to the beginning

Illustration; Image by wanfahmy / AdobeStock

UK: Around 30,000 Offshore Oil & Gas Jobs at Risk

Up to 30,000 jobs could be lost in the UK's offshore oil sector as companies grapple with the effects of the coronavirus pandemic and a 20 year low in oil prices and a 14 year low for gas, Oil & Gas UK has warned.The industry is expected to see a dramatic reduction in revenue, sparking concerns about the ability of some companies to survive a downturn that is likely to be even more severe than the one in 2015 which the sector is just emerging from, the industry body said."There is now a stark contrast in sentiment compared to the beginning of the year with all E&P companies and 93% of

A semi-submersible drilling rig in Brazil - Image by lazyllama/AdobeStock

3,800 Petrobras Workers Might Take Voluntary Severance Offer

said it is making adjustments to voluntary severance programs already in place.Petrobras in recent years has initiated several waves of buyouts, which have gained urgency as the company sells off hundreds of assets and exits various lines of business in a bid to reduce debt and sharpen its focus on offshore oil production.The impact on the company's finances will be felt over the course of three years, Petrobras said in the filing. The company added that it will take a provision of 1.29 billion reais in the second quarter to fund the buyouts.($1 = 5.25 reais) (Reporting by Carolina Mandl and Gram

Gary Paver is ASCO's new CFO- Image by ASCO

ASCO Names New CFO

Offshore oil and gas logistics company ASCO has appointed Gary Paver as its new Group Chief Financial Officer.Paver is a Chartered Accountant with over 25 years' experience in oil and gas including roles with Halliburton, Petroleum Engineering Services and most recently as Senior Vice President, Finance for KCA Deutag.Commenting on his appointment, Paver said: "I am proud to be joining a company that is leading the way in its field. ASCO has an exceptional reputation and I believe is in a fantastic position to maximize this within existing and new markets.“I have gained considerable

Offshore workers - Image by  wanfahmy - AdobeStock

Tens of Thousands of Offshore Jobs at Risk, UK Union Warns

UK-based offshore energy workers' union RMT has called for the government to help preserve the offshore oil and gas industry and jobs amid the coronavirus and the oil price rout.RMT has warned that oil price wars and a public health pandemic could "drive the North Sea oil and gas industry over the cliff edge, putting tens of thousands of offshore workers out of work, increasing the UK's reliance on imported fossil fuels and extinguishing prospects of a just transition for oil and gas workers."RMT General Secretary Mick Cash said: "We are extremely concerned at the potential of

Eric Legendre (Photo: Aqueos Corporation)

Aqueos Names Legendre VP

, Trinidad/Tobago and West Africa."Aqueos Corporation, with offices in Texas, Louisiana and California, provides marine construction and specialty subsea services including a complete range of commercial diving, remotely operated vehicles (ROV’s) and vessel-related services primarily to the offshore oil and gas markets

i-Tech 7 Hires New Business Development Manager

regional business development manager for its Asia Pacific & Middle East region.Roberts, who joins from Total Marine Technology (TMT) where he was operations manager, will be based in the company’s Perth office, in Australia. He brings to the role more than 25 years’ experience in the offshore oil and gas industry, specializing in the delivery of remotely executed subsea solutions and tooling across the entire lifecycle of a subsea development.Roberts will work with Simon Hird, i-Tech 7’s Asia Pacific regional director, who joined the company earlier this year.“[Roberts] is

(File photo; Sea Trucks Group)

Compliant & Efficient Solutions for Telford Offshore

(previously Sea Trucks Group). As a rostered managed services provider tasked with providing all contract manpower requirements and associated mobilization and HR services, WRS undertook responsibility for two DP3 accommodation vessels and one DP2 multipurpose support vessels (MPSV), working in the offshore oil and gas industry in Brazil, Mexico and Nigeria.A combination of factors created challenges to the success of these projects, including changes to maritime regulations, affecting local vs expat crewing levels, temporary visa time-length limitations, and restrictions on employment contracts. These

Image: RMT

RMT Concerned Over Offshore Wind Policy

on the UK Continental Shelf. This would protect pay and conditions for workers across the offshore wind supply chain, from seafarers transporting infrastructure and expertise to the skilled women and men required to install wind turbines and connect them to the grid.“It would also ensure that offshore oil and gas workers’ with the industry standard OPITO qualifications will be allowed to transfer between sectors free from the barriers unilaterally imposed by the Global Wind Organisation.“The Government’s proposals are woefully unambitious and represent business as usual for companies

Photo courtesy of ANP

GAC Expands in South America

Growing demand for professional shipping services from the offshore oil & gas industry has prompted GAC to open an office in Uruguay. The new office continues 2018’s expansion of the Group’s Americas region with the opening of GAC Brazil’s office in Fortaleza, and the establishment of GAC Panama.Based in the key port of Montevideo, GAC Uruguay is well positioned to offer a full range of ship agency services nationwide, with particular focus on the growing offshore oil & gas and product tanker sectors.

Anthony Gould AFNI FRGS,  Chairman and CEO  (Photo:Galileo Maritime Academy )

New Seafarer Training Center Opens in Phuket

Galileo Maritime Academy has established itself as the flag-ship MCA training center for professional seafarers in this region and the only such comprehensively approved and equipped facility in Asia. Galileo now provides seafarer training and certification for the cruise ship, merchant shipping, offshore oil & gas and superyacht industries

(Photo: The Underwater Centre)

The Underwater Centre Under New Ownership

UK Chief Executive, Deirdre Michie, said, “I visited The Underwater Centre and I saw first-hand the value it adds to the U.K.’s world-leading subsea sector. As we continue to move out of the downturn and adapt to a changing future, it’s increasingly important that the U.K.’s offshore oil and gas industry works together to consolidate areas of strength.“Oil & Gas UK is pleased to have worked with our peers to secure an outcome which maintains the breadth of expertise and institutional knowledge at this excellent facility.”David McGhie, Managing Director of The Underwater

Photo courtesy of Equinor

Hundreds of Norway Oil Workers Go On Strike

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher.One union said hundreds more workers would join the strike on Sunday if an agreement over union demands for a wage increase and pension rights was not reached.Royal Dutch Shell said that due to the strike it was temporarily closing production at its Knarr field, which has a daily output of 23,900 barrels of mostly oil, but also natural gas liquids and natural gas.Shutting the field

Maritime Finance Lawyer Johnson Joins Haynes and Boone

officer working to build  motivated teams and provide resilient planning and risk management has been helpful in his legal career.Most recently, Johnson handled a broad range of matters, including advising companies in connection with building, acquiring, and disposing of vessels and rigs in the offshore oil and gas sector as well as  negotiating the workout and restructuring of shipbuilding contracts.Haynes and Boone is an international corporate law firm with offices in Texas, New York, California, Chicago, Denver, Washington, D.C., London, Mexico City and Shanghai, providing a full spectrum

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