GLOBAL OIL

Pukyong National University (PKNU) has chosen GE’s Power Conversion business to provide the SeaStream Dynamic Positioning (DP) system for their training vessel for fisheries industry training. GE’s SeaStream DP will enable the ship to perform operations – for example controlling horizontal movement or holding position against harsh wind and in choppy waters – with stability, safety and precision for a long time.

At its annual Security Analyst Meeting on March 5, 2019, Chevron Corporation announced expectations for significant cash flow growth, disciplined spending, and expanding production over the next five years.

Met Office has signed a partner agreement with Kongsberg Digital to offer meteorological and oceanographic data to customers, independent software developers and other users of the Kognifai ecosystem in the maritime market.

The Commonwealth of Australia Department of Defense has awarded Phoenix International (Australia) Pty Ltd, a wholly owned subsidiary of Phoenix International Holdings, Inc., a contract for a Submarine Rescue Service (SRS) to include the acquisition and support of the SEA1354 Ph 1 Submarine Escape, Rescue, and Abandonment System (SERAS).

BP and Enpro Subsea (Enpro) announce the execution of a Global Frame Agreement aimed at providing an enhanced subsea architecture and smart standardization using Enpro’s patented Flow Access Module (FAM) technology.

Caterpillar Marine announces the development of new technology solutions for European Union (EU) inland waterway (IWW) vessels. The new solutions are designed to comply with the next generation of regulatory emissions required for EU IWW applications and will be available starting in 2020 for various power ranges: for engines with less than 130 bkW, 130 to 300 bkW, and 300 to 1350 bkW.

Dutch offshore access provider Ampelmann has secured its first contract in Mexico, adding a new region to its global portfolio. An A-type system has been mobilized on a flotel and will operate for two months, enabling the installation of an oil and gas platform.

Ten affiliates of Total Exploration & Production in Western Africa, North Sea, South America, Asia and the Middle East have deployed MarineLog to optimize their offshore logistics operations by reducing their costs and increasing their productivity. The service cost is more than covered by the savings generated. Two other Oil Majors are also working with the company.

Stena Bulk has now had a fleet of 13 IMOIIMAX vessels of MR model on the market for a year, and an evaluation shows that the chemical vessels have been a success, both in terms of performance and business. An IMOIIMAX tanker has 18 separate tanks (3,000 m3/tank), which provides for large freedom of choice as regards combinations of cargoes. The IMOIIMAX vessels are also characterized by high safety and low fuel consumption.

International energy consultancy Xodus Group has expanded its decommissioning offering with the appointment of its first well decommissioning manager.

Westwood’s Offshore Drilling Rigs Senior Analyst, Teresa Wilkie on what to expect from a changing Northwest Europe market following a change in the demand supply balance.

Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) (“Kraken” or the “Company”) is pleased to announce that the Company has received $2.3 million from Ocean Infinity from the exercise of 5,760,000 warrants. The warrants were issued in connection with the Company’s private placement of units to Ocean Infinity in June 2018. The warrants expire in June 2021 and had an exercise price of $0.40.

U.S. Underwater Services, LLC, an offshore and inland commercial diving contractor based in Texas, is pleased to announce that Bryan Nicholls, President and COO, was reelected as President of the Association of Diving Contractors International (ADCI) at its annual conference in February 2019.

The World Ocean Council (WOC) announces that Mr. Frédéric Moncany de Saint-Aignan, President, French Maritime Cluster, is the Conference Chair for the 7th Sustainable Ocean Summit (SOS), in Paris, 20-22 November 2019.

Sparrows Group Cable and Pipe Lay Solutions (CPLS) division more than doubled its business during 2018 thanks to an upsurge in activity in the renewables market.