News Archive for Oil and Gas News, Osiris Projects, Shipbuilding News

Osiris Projects prepare to launch Bibby Athena

Seabed mapping specialists Osiris Hydrographic & Geophysical Projects are making final preparations to launch their latest custom build survey vessel ‘Bibby Athena.’

Due to launch before the end of 2014, Bibby Athena will build on the capabilities of the very successful sister vessel, Bibby Tethra, with a number of subtle changes to reflect the company’s development into a more challenging offshore market. Read more…

New environmental monitoring solution for gas hydrate exploration and production to be developed as part of ‘sugar’ EU project

Kongsberg Maritime Embient, with KONGSBERG partner company Contros Systems and Solutions, has been selected to develop and deliver innovative technologies and strategies for environmental monitoring during Gas Hydrate exploration and production as part of the EU ‘SUGAR’ (Submarine Gas Hydrate Reservoirs) project.

Germany’s Federal Ministry of Economics and Technology started the 3rd phase of the more than €10 million joint project SUGAR at the beginning of October 2014. The project is a ground-breaking initiative in Gas Hydrate exploration, production and monitoring. The third phase will last three years and will lead into a European venture with world-wide impact for Gas Hydrates as a new energy source. Read more…

Oil price stabilizes at US$82.44 a barrel amidst new low 2015 predictions

Straight after predictions that the price per barrel of oil would not fall below US$80, the price of oil of 12 crudes has stabilized this week, remaining above US$82 per barrel, standing at US$82.44 a barrel on Tuesday, 28th October 2014, compared with US$82.37 the previous day.

This comes, however amidst new claims, according to Goldman Sachs, that the price of US crude is due to fall as low as US$70 per barrel in 2015.

The new figure has been said to be due to the world producing more oil than it needs, and falling demand due to China’s demand lowering and the US shale boom.

Source: http://www.redmistmedia.com/

UAE Upstream Production

The UAE is one of the world’s top 10 oil producers and exporters with more than 95 per cent of the country’s oil and gas produced in the area around Abu Dhabi. The country which is a founding member of the Organization of the Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF) is the world’s second-largest exporter of petroleum, primarily due to the Abu Dhabi National Oil Company (ADNOC). However, with the likelihood of a new major discovery considered small, oil and gas production in UAE has mainly been based on the ADCO concession. This major project was signed with some of the largest oil and gas companies such as BP, Exxon Mobil and Shell in the early 1970s. As the field’s depletion rates started to rise, it became essential for the petroleum companies to invest money on enhanced oil recovery (EOR) techniques to increase the extraction rates of the country’s mature oil and gas fields, while it was only in 2008 when the first new concession was offered by the emirate in more than 20 years. Read more…

Unique Wellube Contracted by ADMA-OPCO to Supply Seal Plugs for Significant Pipeline Isolation Project

A division of Unique Maritime Group (UMG) which is one of the world’s leading integrated turnkey subsea and offshore solution providers, Unique Wellube was recently contracted by Abu Dhabi Marine Operating Company (ADMA-OPCO) for the supply and engineering of mechanical seal plugs for a significant pipeline isolation project.

ADMA-OPCO is a major producer of oil and gas from the offshore areas of the Emirate of Abu Dhabi. The Company prides itself in being a pioneering petroleum organisation in the Middle East, having completed over 52 years of oil and gas production. Read more…

Claxton Dubai awarded multi-well slot recovery campaign in the Middle East

Claxton Engineering, an Acteon company, has been awarded a 12-month contract for multiple well slot recoveries in the Arabian Gulf, enabling a field operator to extend the economic life of its platform and well assets. Read more…

Attracting Women to the Energy Sector

Fingers cold to the bone and dirt covered nails. The ‘protective’ hard hat constantly slides to one side. Steel cap boots squeeze tight at your feet, yet they remain cold and damp. An image that is not usually associated with a woman in the workplace and yet this scenario is becoming an increased reality. Read more…

Oil price rises, meeting predictions that it won’t fall below US$80

The oil price has jumped up in price since last week, when it had dropped nearly US$10 in the space of a month. The basket price of 12 crudes stood at US$$82.48 a barrel Friday, 24th October 2014.

This goes in line with the prediction that the price of oil will not drop below US$80.

Demand is the main issue for the drop, due to China’s demand dropping and production increasing in non-OPEC based countries.

The US shale industry is a key driver in the international market place now, which is also having an affect the oil price change.

Oil price drops to US$81.94 per barrel

OPEC Oil Basket price has went down to US$81.94 a barrel on Wednesday, 22nd October 2014, which is down from US$82.09 on the Tuesday. The oil slump from US$99.99 per barrel at the beginning of September 2014 has seen suppliers having to cut prices, along with news announcements on risks for Australian LNG projects.

The slump is mainly due to US and International demand projections being lowered, and the difference between supply and demand means that we cannot base the future of the industry on this particular slump.

It is predicted that prices will remain above US$80 per barrel.

Source: Your Oil and Gas News Staff

Light Brigade Releases 2015 Training Catalog

Tukwila, WA and Spartanburg, SC ‒ October 16, 2014 ‒ Light Brigade, AFL’s training division, is releasing its 2015 Training Catalog, a 30-page brochure detailing Light Brigade’s training courses, DVDs and fiber optic tool kits. The catalog features a complete schedule of training dates and locations throughout the United States and Canada for each of Light Brigade’s 16 training courses, including; Read more…

Silver Fox: Pipeline ID Tape and British Standards

The aim of this blog post is to improve people’s understanding of British Standards, mainly BS1710 and the accompanying BS4800 colour chart. It is not common knowledge how these standards play a vital role of overall health and safety and how much difference they make in industry.

Health and safety rules are put in place for the wellbeing of everyone. Process pipes that transport harmful and dangerous substances should be clearly and adequately marked to avoid harm and confusion. There are two British Standards that have been developed to ensure this is done on all pipelines: BS1710 and the accompanying BS4800 colour chart. Read more…

RUD VLBG Load Ring

Turns Loads 360° aligned to the direction of the pull.

RUD offer a wide range of lifting and lashing applications, which include both welded and threaded types, covering a working load capacity range from 0.6 to 200 tonne. Offering over 500 different tested and certified lifting/lashing points. Read more…

Kongsberg to Deliver Ocean Observatories for Seabed Research

CAGE, Centre for Arctic Gas Hydrate, Environment and Climate has selected Kongsberg Maritime to develop and deliver two ocean observatories. The observatories will be deployed off the coast of Svalbard (Norwegian islands in the Arctic Ocean) during 2015, to monitor methane leaks from the seabed. The contract for this project was signed 6th October 2014. Read more…

AEI Compounds announces success for newly launched High-performance Sioplas HFFR and Ceramifiable compound solutions at Wire China in Shanghai

AEI Compounds Ltd, a market leader in wire and cable polymer compound solutions, has launched its high-performance range of HFFR, silane-crosslinkable compounds intended for use in Oil and Gas, Marine and Railway applications, at Wire China in Shanghai. There were over 100 visitors to the AEI stand representing 57 cable manufacturers from more than 10 countries. Read more…

Conductor Installation Services

The only company in the world that is 100% focused on the process of installing conductors

CIS offers a one-stop shop for the conductor installation process. Our experience of the business has enabled us to assemble a set of the most reliable tools for conductor installation. Experience is also vital in helping us to design and manufacture a range of highly effective drive accessories. Read more…

TotalDECOM 2015 – A strategic Event for the Decommissioning Industries

TotalDECOM is a unique conference and exhibition for the Global Decommissioning Industries

TotalDECOM 2015 aims to build on the success of its 2014 conference, by embracing the decommissioning complexities experienced across different decommissioning industries, predominantly within Oil & Gas, Nuclear, Waste Management & Defence. Read more…

Unique Maritime Group Board Introduces New Member to its Family @ The Annual Strategic Board Meeting

Unique Maritime Group (UMG) which is one of the world’s leading integrated turnkey subsea and offshore solutions provider has recently held its annual strategic board meeting in Dubai, UAE from the 8th to 10th of October. At the meeting, the Group has formally announced the joining of a new member to its family – Steve MacMillan as the Global Project Director for its Diving Division and the Global QHSE Director. He will be based at UMG’s head office in Sharjah, UAE. Read more…

Tube Tech – Oil and Gas Offshore Division

Worldwide cleaning coverage for the offshore industry

The offshore oil and gas industry is more closely scrutinised for its environmental and safety practises than any other industrial sector. By providing many unique, in-situ offshore cleaning services, Tube Tech International is working with the sector to maintain the highest levels of offshore cleaning safety and to ensure that plant is unblocked, descaled or cleaned to standards that are suitable for integrity inspections. Read more…

ADIPEC Awards Regional Select Jury Announces Shortlisted Nominees for 2014

Abu Dhabi, UAE – 13 October 2014 – The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), one of the world’s largest energy events, today announced the 21 shortlisted entries across seven categories for the 2014 edition of the ADIPEC Awards.

The distinguished awards celebrate excellence in energy, giving organisations and individuals an opportunity to receive recognition for their achievements through a meticulous evaluation process. Read more…

Nylacast Receive British Engineering Excellence Award

Nylacast are ecstatic to have been announced winners of the Materials Application of the Year category at the prestigious 2014 British Engineering Excellence Awards, attended by some of the most successful British companies on the global circuit.

As a UK manufacturer, winning the esteemed award reinforces the commitment and passion Nylacast have for their people and polymers. Headquartered in Leicester, UK for over four decades, with over 78% of their business being exported worldwide, Nylacast were the only company to have been shortlisted twice for the Materials Application of the Year category, which received hundreds of applications from engineering firms across the UK. Read more…

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