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CSA Ocean Sciences Inc. (CSA), along with team members Oasis and TNO, has been awarded a contract from the Bureau of Ocean Energy Management (BOEM) for the project entitled, A Parametric Analysis and Sensitivity Study of the Acoustic Propagation for Renewable Energy Sources and Projects (PASS). The main objective of the PASS study is to standardize modeling approaches for sound propagation from activities associated with offshore renewable energy development for the Atlantic Outer Continental Shelf. More specifically, the projects aim is three fold: 1) characterize the sensitivity of the sound field to known variability in propagation conditions for wind farm installation activities, including but not limited to pile driving; 2) improve understanding of shallow water propagation characteristics and the sound field caused by pile driving and related activities; and 3) provide a harmonized methodology for estimating the volume of ocean impacted from each activity. <\/p>\n
Environmental compliance documents are prepared by BOEM for US offshore renewable energy projects, and underwater acoustic modeling is an integral element of these documents to understand potential acoustic impact on marine life. Acoustic modeling is conducted by different contractors, using a variety of models and approaches, which results in diverse estimations of predicted sound fields, thus, making it difficult to understand to what degree predictions are within acceptable norms. <\/p>\n
Ultimately, this study will recommend a consistent underwater acoustic modeling approach and quantify the acoustic impact volume associated with the construction of renewable energy facilities. These results will assist BOEM with unifying, understanding, and validating the range of acoustic modeling results used for compliance documents through determination of the salient environmental parameters that influence predicted acoustic fields and, hence, mitigation needs. Understanding the limits and strengths of the acoustic modeling approaches will increase understanding and lead to harmonization of approaches as well as facilitate a reduction in inconsistency. <\/p>\n
For more information about this important study and other CSA services, click here. <\/p>\n
McDermott International, Inc. (NYSE:MDR) announces it has acquired the newly built pipelay and construction vessel Amazon to better position the Company for ultra deepwater and SURF projects. <\/p>\n
The Amazon. McDermott- Kloet <\/p>\n
This is a great opportunity for the Company to expand the technical capabilities of our global fleet and grow in the deepwater and SURF markets and greatly increase our ultra deepwater project coverage, said David Dickson, President and Chief Executive Officer of McDermott. Due to current market conditions and the opportunistic nature of the transaction, we were able to acquire what is essentially a new, enabling asset at a fraction of the original build cost. <\/p>\n
McDermott plans to upgrade the vessel to address the ultra deepwater market with a state-of-the-art J-lay system outfitted with the latest vessel technology. In the near term, the Company plans to make minor capital expenditure investments to bring the vessel up to Company standards. As McDermott finalizes its upgrade plans, the Company plans to use the vessel on existing construction and pipelay projects. <\/p>\n
Funding for the vessel acquisition has been secured through a sale and leaseback arrangement under which McDermott has control of the vessel in exchange for a daily charter-hire rate. The planned upgrade to the state-of-the-art J-lay system and related financing are expected to be considered in line with market conditions. <\/p>\n
Completed in 2014, the Amazon is equipped with 49,514 square feet (4,600 square meters) of deck space complete with two 440-ton (400-tonne) cranes, a service speed of 12 knots and accommodation for up to 200 crew and service staff. <\/p>\n
Pharos Offshore have recently completed the development and enhancement of a 2,500m rated SMD-built tracked (or free-flying) jet trencher, which has subsequently been named the UTV400. <\/p>\n
The 400hp Trenching ROV (TROV) set the benchmark for cable maintenance scopes when it was first introduced in to the offshore market. Pharos Offshore have now brought the system back in-line with current working practices by modernizing the equipment and doubling the burial capabilities. <\/p>\n
The system utilizes high power to provide numerous inspection, repair and maintenance tasks, with the ability to de-bury, cut and recover a multitude of subsea products with enhanced efficiency. Offering a trench capability of 2m max depth, soil dependent, 100kPa max, the UTV400 tool packages, 1.0\/ 1.5 and 2.0m, can be changed out at sea depending on project requirements and can work to a minimum jetting speed of 100m\/h even in firm seabeds. <\/p>\n
Integrated surface feed option for operations from 0 - 20m water depth. The system is capable of performing works from the shore end (5m WD) right through to 2,500m water depth. With further development, and an extensive re-engineering program delivered by Pharos Offshore Group to enhance the systems efficiency, the TROV will now continue to boast its reputation for reliability and performance. The unit has become an essential part of any cable installation or maintenance package due to its small deck requirements and ease of maintenance. <\/p>\n
Pharos Offshore are able to offer a project package which includes a Sea State 5 launch and recovery crane, now with greater efficiency and burial ability, the system will go on to perform works for Pharos clients across the offshore oil, gas, renewable and telecommunications markets on a global scale. <\/p>\n
Pharos Offshore delivers engineering solutions for subsea cable installation, maintenance and repair. We work with clients across the offshore Oil & Gas, Submarine Telecoms and Renewable Power industries. Our in-house expertise includes highly skilled and experienced offshore technical professionals and on-shore engineering management and operational support teams. Pharos Offshore develops subsea cable handling and burial solutions, including vehicle and handling systems, with a proven track record in taking projects from concept design, delivery, testing and on-going support. <\/p>\n
Craig International has signed a global agreement with energy major, Shell to provide services for equipment stock resale. <\/p>\n
The oilfield procurement specialist recently launched Craig Collaboration to provide companies with the opportunity to reduce wastage and duplication, recoup financial outlay and sell unwanted items which are often sitting in storage, this is considered a radical shift in the approach to procurement in the oil and gas industry. <\/p>\n
Craig Collaboration connects companies looking to sell spare equipment with those looking to buy. Oil and gas companies around the world have substantial surplus equipment stock, much of which is sitting in costly storage, and Craig Collaboration will allow them to realize value from this. <\/p>\n
Jill MacDonald, joint managing director of Craig International, said: There is a lot of equipment going unused in the oil and gas industry and it makes sense from a business and environmental point of view to reuse it. <\/p>\n
Craig International will provide all Shells spare stock across the globe for resale. <\/p>\n
We have developed a system that leads the way in improving efficiency right across the supply chain in the oil and gas industry. Rather than waiting for things to improve, Craig International is delivering inventive approaches and investing in products that make life easier and provide value for clients. <\/p>\n
As well as the ability to buy and sell equipment stock, a further function of the Craig Collaboration approach is that it allows businesses to use the platform as an inventory controller. <\/p>\n
Our system will flag if a customer is looking for a piece of kit in Aberdeen which their Dubai business has available, said Ms. MacDonald. This eliminates waste and means customers can be fully confident that they are getting best value for their money. <\/p>\n
The system we have developed is unique in its capacity to service the equipment buying and selling requirements of the entire oil and gas industry. Any company can sign up and their surplus equipment will be offered to buyers globally with whom we are in contact regularly. <\/p>\n
Ms. MacDonald added: With 19 years experience, we are harnessing our knowledge, expertise, contacts with buyers and our global buying power to benefit the industry as whole. <\/p>\n
We have generated a great deal of interest in Craig Collaboration since it launched with many well-known operators and drilling companies coming on-board in an easy way for them to increase efficiencies and reduce waste. <\/p>\n
Stuart Hay, appointed as ecommerce inventory coordinator at Craig International, will be the focal point for Shell. Mr. Hay has 18 years of oil and gas procurement experience and has worked across the drilling, engineering and construction, subsea and offshore accommodation sectors. He will be supported in his role by an inventory administrator due to be appointed in the coming weeks. <\/p>\n
Craig Collaboration also provides sellers with an analysis of the interest expressed on their surplus equipment, allowing clients to make an informed decision on whether or not to dispose of it. <\/p>\n
A division of Craig Group, Craig International is a global market leader in oilfield equipment procurement with bases in Europe, South Africa, Middle-east and North America. The company is set to dominate in other sectors as it expands its reach into downstream oil and gas, petrochemicals and manufacturing markets. Craig International now delivers procurement services for refineries and manufacturing sites in all its key regions around the world. <\/p>\n
Fugro has been awarded a contract by Shell\/BG Kenya for the execution of a seabed survey to detect natural leakages of hydrocarbons. The seeps survey complements a seismic exploration programme that was completed recently offshore Kenya. <\/p>\n
Fugro Discovery <\/p>\n
Undertaking a four-week campaign of multibeam data acquisition and precise sampling, Fugro will mobilise its specialised survey vessel, Fugro Discovery, to Kenya in March. Seabed sampling will be carried out using a drop corer and multibeam data will be acquired with the latest deepwater high resolution multibeam echo sounder, installed in a newly designed gondola on the vessel hull. <\/p>\n
The project is one of many seeps campaigns completed in the worlds oceans for Shell by Fugro and demonstrates the added value of consistent execution of site works and standardised deliverables. Managed under a joint Fugro-Shell Safety Leadership programme, the project optimises both companies expertise in efficient and safe delivery. <\/p>\n
Peter Boon, Regional Business Development Manager for Fugro in Africa comments, Seeps surveys are an important part of Fugros site characterisation services and were very pleased to reintroduce the Fugro Discovery to African waters, where she will demonstrate the excellent value they represent when exploration budgets are limited. These important seabed surveys support the decision making process for drilling operations, especially in frontier regions like East Africa. <\/p>\n
Olympic Shipping has chosen Kongsberg Maritimes new K-Walk integrated vessel gangway solution for installation aboard the Multipurpose Offshore Vessel (MPSV), Olympic Orion. Designed to significantly increase efficiency and safety for Walk-to-Work duties, K-Walk will be integrated with the advanced Kongsberg Information Management System (K-IMS) and the existing K-Pos Dynamic Positioning system on board Olympic Orion, which will be upgraded as part of the installation in the latter half of 2017. <\/p>\n
Olympic Orion will utilize the innovative K-Walk solution following its launch as part of KONGSBERGs new Integration Strategy in Fall 2016. The system takes a new approach to increasing productivity and efficiency for Walk-to-Work vessels by improving operability of key systems on board. In addition to full integration with K-IMS to enable mission and route planning for increased service capability within a wind farm, the system interconnects with the DP and a planning station. The system extends vessel availability by increasing the operational weather window. <\/p>\n
Through integrated mission planning, automated vessel maneuvering and gangway hook-up, K-Walk introduces a step-change for increasing efficiency and productivity of the Walk-to-Work operations that are integral to Wind Farm Construction and Maintenance projects. While providing a completely safe, motion compensated gangway for the fast transfer of personnel and materials, integration enables more efficient approach and settlement at wind turbines and more effective logistics. The system is activated prior to entering a wind turbines safety zone, reducing vessel speed and launching the K-Walk hook up process during approach. Because of the integration with the DP, the gangway is able to move into position while the vessel is still moving, positioning it safely as the vessel arrives on station. <\/p>\n
The integration of K-Walk with K-IMS is a unique approach that enables in-depth mission planning, resulting in increased productivity and efficiency by finding the most preferred route for increased service capability within the wind farm. The system will be fully connected with Olympic Orions DP system, offering increased operability with a new condition based operator environment, which requires less manpower and has minimal training requirements. The K-Walk solution for Olympic Orion will also improve time for mobility and safety with an integrated lift system for transfer of people and goods, including electric trolleys (under design) for movement of pallets across the gangway. Overall, K-Walk significantly enhances operational time efficiency, which improves productivity with the ability to serve more wind turbines within the same time frame. <\/p>\n
We are very satisfied to select Kongsberg Maritimes new fully integrated Gangway solution for our MPSV Olympic Orion, says Bjrn Kvalsund, COO, Olympic Subsea. We also see a potential to install this integrated Gangway solution on board several of our existing vessels in order to provide W2W services into an expanding and interesting market segment. <\/p>\n
Olympic Orion embodies the future that we envisioned with the launch of our Integration Strategy last year and we are delighted to work with Olympic Shipping for our cutting-edge new K-Walk solution,said Stene Frsund, Executive Vice President, Global Sales and Marketing, Kongsberg Maritime. K-Walk provides Olympic Orion with total oversight of route planning and gangway hook-up operations. It enables better real-time and long-term management decisions, and empowers safer, more predictable, and efficient operations through reduced human interaction and automation based on the deep integration of critical systems on board. <\/p>\n
BOURBON announces its first pipelay contract awarded by Total Gabon for the engineering, procurement, construction and installation of 25 km of 6 rigid pipeline as part of the Hylia Water Injection Project using Zap-Lok technology. This award reflects BOURBON's capacity to offer integrated services and light turnkey projects to major oil & gas companies. <\/p>\n
3D view from Cortez Subsea of Bourbon Evolution 800 with pipelay spread <\/p>\n
For the execution of this contract, BOURBON is subcontracting key suppliers, mainly Cortez Subsea, for pipelay equipment and Wood Group for the pipeline design and pipelay engineering. Operations are scheduled to start in Q2 2017 offshore Gabon with an MPSV from the Bourbon Evolution 800 series. ROV services and a PSV, all provided by BOURBON, will also support survey and air diving operations for spool and riser installation. <\/p>\n
We are very proud of the trust that Total has placed in us for this first pipelay EPCI contract. Such a comprehensive project allows BOURBON and its Gabonese partners to demonstrate our capacity to bring the best integrated services and cost-effective solutions to our clients, commented Patrick Belenfant, BOURBONs Senior VP Subsea Services. <\/p>\n
Among the market leaders in marine services for offshore oil & gas, BOURBON offers the most demanding oil & gas companies a wide range of marine services, both surface and sub-surface, for offshore oil & gas fields and wind farms. These extensive services rely on a broad range of the latest-generation vessels and the expertise of more than 9,500 skilled employees. Through its 37 operating subsidiaries the group provides local services as close as possible to customers and their operations throughout the world, of the highest standards of service and safety. <\/p>\n
BOURBON provides two operating activities (Marine Services and Subsea Services) and also protects the French coastline for the French Navy. <\/p>\n
In 2016, BOURBON'S revenue came to 1,102.6 million and as of December 31, 2016, the company operated a fleet of 514 vessels. <\/p>\n
Placed by ICB (Industry Classification Benchmark) in the \"Oil Services\" sector, BOURBON is listed on the Euronext Paris, Compartment B. <\/p>\n
* EPCI: Engineering, Procurement, Construction and Installation. <\/p>\n
Ulstein and SeaOwls have launched a pioneering heavy-lift jack-up vessel design. The cruciform structural lay-out makes the solution more than 10% lighter than conventional designs. The concept aims to install the next generation 10-12 MW wind turbines in the same time frame as used today for installing 6-8 MW units. <\/p>\n
SeaOwls and Ulstein launched SOUL at the Offshore Wind Journal Conference on 7 February 2017. In combination with a high capacity crane, SOUL enables operators to take the next step in developing offshore wind farms. <\/p>\n
The development of this novel jack-up vessel is the logical next step in our strategy to widen our portfolio and become a leading company in supporting the offshore wind industry with more efficient assets, says Tore Ulstein, deputy CEO at Ulstein Group. Combining the vast track record in heavy lift vessel designs from our Dutch Ulstein branch with SeaOwls experience in jack-up technology, resulted in an innovative jack-up vessel concept based on proven technologies. <\/p>\n
Scaling-up conventional heavy lift jack-up vessel designs proves challenging due to the disproportional weight increase compared to gain in Variable Deck Load (VDL). <\/p>\n
We noticed this created uncertainty with turbine manufacturers, wind farm operators and installation contractors on how to install the future generation wind turbines, as floating vessels are not a viable alternative, comments Erik Snijders, founder and managing director at Rotterdam based SeaOwls. So we went back to the optimal jack-up design, a square platform with the legs spaced out as much as possible. Rotating the platform by 45o provided a natural bow shape with two legs and the crane on vessel center line. <\/p>\n
This seemingly simple twist in the design allowed to make a huge improvement in operational aspects as well, adds Bram Lambregts, deputy managing director at Ulstein Design & Solutions BV. With the main crane around the stern leg, optimal main deck reach and over-the-side lifting capabilities is created. And as the hull now houses much larger leg footings, bearing pressures on the seabed are reduced, while the wake of the spud cans does not interfere with the inflow to the propulsion thrusters. <\/p>\n
The SOUL series will come in various sizes, allowing the transport of 3 up to 6 of the 10-12MW wind turbines. Still, all loading and installation operations can be performed without the need of ballast water. <\/p>\n
A preview of the SOUL concept has been presented to a select group of industry players, which resulted in valuable and very positive feedback from prospective clients, such as: One of the most viable new solutions to meet the installation challenges the offshore wind industry is facing. <\/p>\n
Statoil awards Simon Mkster Shipping AS contracts for three emergency response and rescue vessels (ERRV), and Havila Shipping ASA for one ERRV. The contacts have a total value, included options, of NOK 2.7 billion. The vessels will be part of Statoils area-wide emergency response on the Norwegian continental shelf (NCS). <\/p>\n
The emergency response vessels play an important role in addressing government authorities and the companys own requirements for rescue, hospital, fire-fighting, emergency towing and oil spill preparedness. <\/p>\n
Photo credit: Statoil <\/p>\n
Statoil has an extensive emergency preparedness system on the NCS, and through the contracts we have secured four vessels that are tailored to our waters. I look forward to continuing our long-standing and good partnership with Simon Mkster Shipping and Havila Shipping, says Philippe F. Mathieu, Statoils senior vice president for joint operations support. <\/p>\n
The contracts will run for seven years, with five one-year extension options. The three vessels from Simon Mkster Shipping are Stril Poseidon, Stril Merkur and Stril Herkules. Havila Shipping has been awarded a contract for the vessel Havila Troll. Statoil has a total of six ERRV vessels on the NCS, and one vessel currently being upgraded to an adequate relief vessel. <\/p>\n
The vessels will cover emergency response services on the NCS together with the 24-hour operations center at Sandsli. In addition, Statoil has five operative SAR helicopters on the NCS. <\/p>\n
Safety and emergency preparedness are top priorities in our operations. Through the new contracts we are well prepared for important emergency response tasks on the NCS in the years to come. The contracted vessels incorporate some of the most sophisticated technologies for emergency response offshore, says Mathieu. <\/p>\n
The area emergency response vessels are fitted with two MOB boats, fire-fighting equipment, minimum 110-tonne towing capacity and an emergency hospital. In addition, the vessels carry oil spill response equipment such as oil booms and skimmers, and storage capacity for oil spill clean-up in accordance with NOFO requirements, in addition to oil dispersing equipment. The vessels also have a stern lifeboat recovery system, and a helipad. In the bid process fuel efficiency has been part of the evaluation criteria. <\/p>\n
All contracted vessels have been performing similar tasks for Statoil for many years, and shipping companies and crews are therefore well acquainted with the tasks to be performed. <\/p>\n
Statoil is working closely with several private and public players about the emergency preparedness system on the NCS. Through the Norwegian Clean Seas Association for Operating Companies (NOFO) the company has access to oil spill response resources along the entire coast. <\/p>\n
ELA Container Offshore GmbH announced the development of a new offshore container type: a 10 m x 3 m wide, high-cube accommodation container with interior hallway and two cabins. The first 24 containers of this new type have already been built at the premises in Haren, Germany. ELA Offshore managed to deliver all required containers from scratch in only 3 months from project kick-off, including design and development up to turnkey delivery on an offshore converter station in the German North Sea. <\/p>\n
With the new 33-feet-container, ELA Container Offshore sets a new standard in terms of quality of living and comfortability: A modern and appealing wooden-look for the cabinets and beds, as well as a yacht flooring create more comfort and improve the feel-good factor. <\/p>\n
To come up with the best suitable container type, especially for Offshore Windfarms, we sat together with our customer, DNVGL and German authorities, who are responsible for the German Arbeitsstttenrichtlinien (ASR), to create a new generation of container type, says Hans Gatzemeier, Managing Director of ELA Container Offshore GmbH. <\/p>\n
The new units accord with the regulations of DNVGL-ST-E273 Portable Offshore Units, April 2016 and ST-E272 2.7-2 Offshore Service Modules Section 3, February 2016. In addition the containers correspond to HSE. All containers have fire detectors, fire extinguishers and emergency escape ways. After connection to the fire fighting-system of the platform as well as the PAGA system, the highest safety standards are guarded. <\/p>\n
With the new 33-feet-container, ELA Container Offshore sets a new standard in terms of quality of living and comfortability: A modern and appealing wooden-look for the cabinets and beds, as well as a yacht flooring create more comfort and improve the feel-good factor. Sufficient room space, single sleeper rooms, beds with sizes from L = 2100 mm x W = 1000 mm, ensuite bathrooms, 32 Flatscreen TV, large windows with curtains and very good insulation for high end noise reduction also convinced the German Authorities. They checked everything according to German ASR-Regulations. <\/p>\n
The 2-4 pax containers (single or double cabins) provide not only more space per person, but also an inner hallway between the two living cabins, which makes outdoor gangways obsolete. Despite their size and high-end accommodation the containers do not exceed the weight of 9.5 tons. <\/p>\n
ELA Offshore managed to deliver all required containers from scratch in only 3 months from project kick-off, including design and development up to turnkey delivery on an offshore converter station in the German North Sea. <\/p>\n
Available for sale and rent, the new 33 ft container will add a new standard to the already existing 20 ft ELA Offshore Accommodation Containers. With the new type we offer more possibilities of accommodating the people working offshore. Depending on quantity of extra accommodations needed and available space on deck, we can provide our clients with the best and most cost effective mobile accommodation solution, continues Gatzemeier. <\/p>\n
ELA Container has already gained diverse experience in the Offshore-Wind and Offshore Oil & Gas Industry. Whether on pontoons, transformer platforms, rigs or supply vessels - ELA Container is the ideal partner, offering tailor-made concepts for all requirements in the form of Living Quarters, Offices, Dining Rooms, Galleys, Laundries, Recreation or Locker Rooms and all types of Carrying Units. ELA Offshore containers are equipped with all the necessary utilities. This guarantees, in combination with all ELA Offshore features, a long service life, functionality and comfort. <\/p>\n
The high quality Containers are Made in Germany according to German quality standards and possess all necessary certifications such as DNV 2.7-1 \/ EN 12079-1 or DNV 2.7-3, DNV 2.7-2, based on SOLAS, IMO FSS Code and MLC as well as CSC and are approved from several IACS-companies. In terms of fire resistance, an A60 insulation provides high safety standards. Every container will be checked before delivery. Depending on customer requirements, ELA Offshore Containers are individually customized, immediately operational and are available at short notice. <\/p>\n
The main features of ELA offshore accommodations include: <\/p>\n
Global demand for liquefied natural gas (LNG) reached 265 million tons (MT) in 2016 enough to supply power to around 500 million homes a year. This included an increase in net LNG imports of 17 MT. <\/p>\n
Many expected a strong increase in new LNG supplies would outpace demand growth during 2016. Instead, demand growth kept pace with supply as greater than expected demand in Asia and the Middle East absorbed the increase in supply from Australia, according to Shells first LNG Outlook. <\/p>\n
Photo credit: Shell <\/p>\n
Global LNG trade demonstrated its flexibility time and again in 2016, responding to shortfalls in national and regional gas supply and to new emerging demand, said Maarten Wetselaar, Integrated Gas and New Energies Director at Shell. The outlook for LNG demand is set to grow at twice the rate of gas demand, at 4 to 5% a year between 2015 and 2030. <\/p>\n
China and India which are set to continue driving a rise in demand were two of the fastest growing buyers, increasing their imports by a combined 11.9 MT of LNG in 2016. This boosted Chinas LNG imports in 2016 to 27 MT and Indias to 20 MT. <\/p>\n
Total global LNG demand increased following the addition of six new importing countries since 2015: Colombia, Egypt, Jamaica, Jordan, Pakistan and Poland. They brought the number of LNG importers to 35, up from around 10 at the start of this century. <\/p>\n
Egypt, Jordan and Pakistan were among the fastest growing LNG importers in the world in 2016. Due to local shortages in gas supplies, they imported 13.9 MT of LNG in total. <\/p>\n
The bulk of growth in LNG exports in 2016 came from Australia, where exports increased by 15 MT to a total of 44.3 MT. It was also a significant year for the USA, after 2.9 MT of LNG was delivered from the Sabine Pass terminal in Louisiana. <\/p>\n
LNG prices are expected to continue to be determined by multiple factors, including oil prices, global LNG supply and demand dynamics and the costs of new LNG facilities. In addition, the growth of LNG trade has evolved into helping meet demand when domestic gas markets face supply shortages. <\/p>\n
LNG trade also is changing to meet the needs of buyers, including shorter-term and lower-volume contracts with greater degrees of flexibility. Some emerging LNG buyers have more challenging credit ratings than traditional buyers. <\/p>\n
While the industry has been flexible in developing new demand, there has been a decrease in final investment decisions for new supply. <\/p>\n
Shell believes further investments will need to be made by the industry to meet growing demand, most of which is set to come from Asia, after 2020. <\/p>\n
In China, a government target has been set for gas to make up 15% of the countrys energy mix by 2030, up from 5% in 2015. Meanwhile, Southeast Asia is projected to become a net importer of LNG by 2035, a significant transformation for a region which includes Malaysia and Indonesia currently among the major LNG exporters in the world. <\/p>\n
Read the full LNG Outlook <\/p>\n
Forum Energy Technologies, Inc. (NYSE:FET) has announced that as part of a long planned transition its Board of Directors appointed Mr. Prady Iyyanki as President and Chief Executive Officer, effective May 16, 2017. Mr. Iyyanki currently serves as President and Chief Operating Officer. Mr. C. Christopher Gaut, the current Chief Executive Officer, will become Executive Chairman. The Board has also nominated Mr. Iyyanki to stand for election as a director at the 2017 Annual Meeting of Stockholders Meeting in May. <\/p>\n
Prady Iyyanki, left and C. Christopher Gaut, right. (Photo: Business Wire) <\/p>\n
Cris Gaut commented, It has been a privilege to serve as Chairman and CEO of Forum since its inception six and a half years ago. Three years ago we brought Prady on board to create a more professional, streamlined, and efficient organization that was capable of becoming a force to be reckoned with in the oilfield manufacturing space. Since then he has proven himself at every turn to be an excellent leader with strong business judgement. I was pleased to recommend this move to our Board, and I look forward to the continued growth and prosperity of the company under Pradys leadership. <\/p>\n
I am honored to lead Forum into its next chapter, said Prady Iyyanki. Cris successfully set the direction for Forums business and financial strategy, led the transition to being a public company and built a firm foundation of trust with our investors and customers. He established Forum as a strong competitor within the oilfield equipment manufacturing sector, and has proven to be an excellent mentor for me and many others. In his new position, he will continue to be actively involved with our larger strategic matters, as well as acquisition and capital markets efforts. I look forward to continuing my strong partnership with Cris. <\/p>\n
Prady joined Forum in 2014 after sixteen years of experience with General Electric (GE) in various senior management roles. He served as President and CEO of GE Genbacher\/Gas Engines from 2006 2011 and President and CEO of Turbomachinery Equipment from 2011 2012. He has a Bachelor of Science in Engineering from Jawaharlal Nehru Technology University, India and a Master of Science in Engineering from South Dakota State University. <\/p>\n
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Categories | Offshore Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Continue Reading CSA Ocean Sciences Inc. (CSA), along with team members Oasis and TNO, has been awarded a contract from the Bureau of Ocean Energy Management (BOEM) for the project entitled, A Parametric Analysis and Sensitivity Study of the Acoustic Propagation for Renewable Energy Sources and Projects (PASS). Continue reading