Asian Product Markets to Tighten

The National Ocean Industries Association (NOIA) Board of Directors has elected David H. Welch as Chairman and John Gellert as Vice Chairman for the upcoming 2017-2018 term. Welch and Gellert assumed their positions at the NOIA Annual Meeting in Washington, D.C.

With their innovative aluminum alloy drill pipe, OTTO FUCHS Drilling Solutions (OFDS) strikes a new path for the oil and gas industry. The leading-edge FuchsRohr AluDrill pipe is an alternative to standard steel pipes commonly used for drilling. Due to its comparatively high strength to weight, the aluminum pipe solution can be used across a wide range of subsea and downhole operations including demanding horizontal drilling.

U.S. Commercial Stocks Flat Year-On-Year

It took an abandoned nuclear missile silo, a vast underwater laboratory and a lot of hard work. But the US space agency boldly went where it had never been before: the North Sea.

TechnipFMC (NYSE and Euronext: FTI) and DOF Subsea (DOF) announce that the Skandi Búzios, a pipelay support vessel (PLSV) owned by the joint venture formed between TechnipFMC (50%) and DOF (50%), commenced its 8-year charter contract with Petróleo Brasileiro S.A. (Petrobras), as scheduled on April 13th, 2017.

Damen has introduced the Responder 5413 – a new First Line Assistance Vessel. The company has pioneered this versatile, 54-metre vessel partly in response to the increasing number of extreme weather events across the globe, believing it can play a vital role as a first response vessel, capable of assisting a relief or emergency operation in a number of ways.

Last month, Dave Lesar of Halliburton noted that the domestic market is short of fracture (frack) sand, equipment and experienced personnel. The No. 1 North American pressure pumper is adding 2,000 people to the payroll and putting idled equipment back to work at a frenetic pace. While the company continues to place an emphasis on protecting the market share it built up in the downturn, it is also warning of the eagerness of its suppliers to raise prices.

Aker BP ASA (Aker BP) has in international competition entered into long-term framework agreements with key suppliers of engineering services, construction, electro/ IT/ control room systems as well as transport and installation of fixed facilities offshore.

Wood Group has been awarded a contract with Statoil to provide front end engineering design (FEED) to the subsea flowline system of the Snorre Expansion Project in the Norwegian North Sea.

The MacArtney Underwater Technology Group has appointed Claus Omann as CEO, effective as of 1st August 2017.

Edison Chouest Offshore (ECO) and its family of companies have announced a 30-month alliance agreement with BP, the largest energy investor in deepwater Gulf of Mexico over the past decade.

Forum Subsea Rentals, a Forum Energy Technologies business, announces that new multiplexer video and data acquisition technology is available to their global rental market following significant investment in MacArtney’s EMO range.

The technology group Wärtsilä has been contracted to supply a comprehensive package of engines and propulsion machinery for a new Cutter Suction Dredger (CSD) vessel. When delivered, the 'Spartacus', which is being built on behalf of Belgium based Dredging International (DEME), will be the world's most powerful CSD and the first ever to be fueled by liquefied natural gas (LNG). It is being built at the Royal IHC yard in the Netherlands. The order with Wärtsilä, worth around 20 MEUR, was booked in the fourth quarter of 2016.

The technology arm of Subsea UK, the National Subsea Research Initiative (NSRI) has teamed up with Scottish innovation centres CENSIS and Data Lab in an effort to enhance inspection and condition monitoring methods for greater subsea integrity management.

Craig International has signed a five-year procurement contract for all Premier Oil’s maintenance and repair operations in the UK North Sea.