Category - Industry and General

PROCESS OF DECOMMISSIONING

DECOMMISSIONING Decommissioning is a process to remove something from active status. In the oil and gas industry, it removes a platform from an active state. In other words, it involves blocking the hole in the surface and remove off the equipment used in offshore oil production. Decommissioning is tremendously complex and expensive. Moreover, it is essential […]

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“China’s Unwanted Rigs” Who is going buy, reactivate and at what cost?

“China’s Unwanted Rigs” Who is going buy, reactivate and at what cost?” From 2008 to 2014, Chinese shipyards had thought they had conquered the world rig building industry by giving free finance with 5% down payment and nothing more to pay until delivery. At that time, it seemed too good to be true. Fast forward […]

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OCS Group Wins 80 Rig Inspection Contract

OCS Group’s Managing Director Mark Tranfield is pleased to announce it has won a “Significant” Rig Inspection Contract with ADNOC in the UAE for approximately 80 Rig Inspections for specialized equipment. This adds further to the 3 plus two year Rig Inspection services contact that OCS won two years ago for ADNOC offshore division. This […]

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Offshore Drilling: Under The Sea

It’s common for the majority of people to know about Disney classical films especially the catchy song of  The Little Mermaid’s “Under the Sea”. However only few of us have a basic understanding of the real “Under the Sea “habitant which are Rigs. Have you ever wondered what it’s like to work on an oil rig? Well it is quite […]

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Dangers of Combustible Dust

What is a combustible dust? Many workers are not aware that there are fire and explosion hazards posed by many different combustible dusts. Metals like aluminum and magnesium, along with wood, coal, plastic, sugar, flour, paper, and certain textile materials can pose a fire or explosion hazard when present in fine dust. These dusts can […]

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OSHA Compliance: Where Should You Start?

When learning about safety, it can be very time consuming and overwhelming with all the information that is available online. Ensuring proper safety procedures for the protection of your employees and facility are of course necessary no matter the size of your business. OSHA standards must be followed, so where should you start learning especially if you own a small business? The OSHA Compliance Assistance […]

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Developing Skilled and Competent Workers

“Competence” is a combination of someone who has the capability, experience, skills, including a good attitude that an individual must obtain and demonstrate  in order to meet the performance standards onshore/offshore. Although the primary use in the international oil, gas and energy industry continues to be the identification and closure of skill and knowledge gaps, new applications and technologies are emerging. Thus, […]

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THE MORE THE MERRIER?

Opportunities for the Asia Pacific region’s fifty (50) strong jackup fleet are not exactly extensive. This is especially true in Malaysia, Vietnam and Indonesia who practice forms of cabotage that mean Velesto (UMW) and PV Drilling’s fleets are rarely out of work. It is not quite so true in Indonesia where Apexindo should have a […]

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The Crude Awakening: $200/bbl Oil

How did we get here: Its all about Supply and Demand? Between 2004 and 2008 oil was riding a wave generated by a supply issues and supported by ‘long’ speculative investments and a declining US dollar. The crude price reached a peak of $147.27/bbl where every-man and his dog in the industry made a great […]

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Is the 2018 Jackup Market in Asia any better this year?

Although we are only six months into the new year, a picture is already emerging of what we can expect of the jackup market this year when you compare statistics for 2017 and those to date for 2018. Year 2017 began with a fleet strength of fifty-one (51) jackups plying their trade in the region. Of […]

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