Offshore Oil & Ocean Engineering
Van Aalst Expands
The Van Aalst Group of Dordrecht, Netherlands, became a majority stakeholder in Techano AS, an offshore crane specialist from Norway. This follows the purchase of a 3D crane technology from another Norwegian company in 2016.
With the acquisition, the Van Aalst Group is now one of the very few companies in the world able to deliver a crane and a gangway as a combined package, using the 3D crane function.
The 3D crane can transfer equipment, such as tools, small generators, spare parts and containers, safely to an offshore platform, wind turbine or substation using 3D motion compensation. By eliminating vessel motions, the 3D crane ensures a safe and efficient transfer for service operation vessels and walk-to-work vessels.
With this possibility of offering a combined crane/gangway package, the Van Aalst Group anticipates the new trend for standby and support vessels.
McDermott, CB&I Join
McDermott International Inc. and CB&I have agreed to combine in an all-stock transaction to create a fully vertically-integrated onshore-offshore company, with a broad engineering, procurement, construction and installation (EPCI) service offering and technology portfolio.
Upon completion of the transaction, McDermott shareholders will own approximately 53 percent of the combined company on a fully diluted basis, and CB&I shareholders will own approximately 47 percent. The estimated enterprise value of the transaction is approximately $6 billion.
This move will combine McDermott’s established presence in the Middle East and Asia with CB&I’s robust operations in the U.S., creating a balanced geographic portfolio with a strong position in high-growth developing regions.
France Makes Bold Move
With Oil, Gas Ban
France has passed legislation to end all oil and gas exploration and production by 2040, the UN Climate Action Programme reported. From now on, no new exploration permits will be granted within French territories.
President Emmanuel Macron’s Republic on the Move party voted in favor of the bill with help from other centrist and left-wing parties. France is not a major oil producer, but this ban is a symbolic lead for other nations to make the transition away from exploiting hydrocarbons.
The U.S. leads the world in petroleum production and has been retreating from climate change policy leadership under President Donald Trump. France seeks to lead on climate change under Macron. In July, he announced a ban of petrol and diesel cars by 2040.
Subsea Laser for
Internal Casing Inspection
Newton Labs and Ashtead Technology have delivered an advanced subsea laser scanning project for Subsea 7 on Chevron’s Captain field located in the U.K. North Sea using Newton’s underwater laser scanners. The scope of work included an internal casing inspection utilizing Newton’s M210UW ultrahigh-resolution short-range underwater laser scanner and a horizontal mapping survey using the longer range Newton M3200UW to capture more than 100 short- and long-range scans. This allowed Ashtead to generate a 3D model of the structure.
Shell to Redevelop
North Sea Penguins Field
Royal Dutch Shell plc has made a final investment decision on the redevelopment of the Penguins oil and gas field in the U.K. North Sea. The decision authorizes the construction of a floating production, storage and offloading (FPSO) vessel, the first new manned installation for Shell in the northern North Sea in almost 30 years.
The Penguins field currently processes oil and gas using four existing drill centers tied back to the Brent Charlie platform. The redevelopment of the field, required when Brent Charlie ceases production, will see an additional eight wells drilled, which will be tied back to the new FPSO vessel. Natural gas will be exported through the tie-in of existing subsea facilities and additional pipeline infrastructure.
DSM Starts Mooring
Work on NCS
Deep Sea Mooring (DSM), a Vryhof company, has begun work on a contract to provide pre-lay mooring products and services to the Deepsea Bergen semisubmersible drilling rig on the Norwegian Continental Shelf (NCS). Austrian oil and gas company OMV has deployed the semisubmersible rig to support drilling activities in the region.
The pre-lay mooring equipment and services provided will include chain, fiber ropes, anchors, connectors, buoyancy and handling equipment, as well as mobilization and demobilization services.
In Oil, Gas Industry
Senior oil and gas sector professionals expect a step change in the industry’s capex, opex and R&D spending levels in 2018, according to a DNV GL study. Confidence in industry growth has risen globally from 32 percent in 2017 to 63 percent this year. Two-thirds of respondents say their company will maintain or increase spending in 2018. Industry leaders see the need to maintain a tight control over costs to support the leaner, smarter projects and operations that will be necessary to maintain margins.