TechnipFMC Delivers 2019 Forecast

first_imgThe UK-based energy services giant TechnipFMC said it estimates 2019-revenues between $12.8 – $13.5 billion.The company’s Subsea division is expected to generate $5.4 – $5.7 billion in 2019, with EBITDA margin of at least 11%.Revenue forecast for Onshore/Offshore is in a range of $5.7 – 6.0 billion, while Surface Technologies are expected to contribute in a range of $1.7 – 1.8 billion. EBITDA margin is estimated at 12% and 17% respectively.For the upcoming year, capital expenditures have been set at approximately $400 million.To remind, in the previous quarter (Q3 2018), the company reported net profit of $136.9 million, or $0.30 per diluted share, compared to $121.0 million in the same period of 2017.However, revenues for that quarter fell approximately $1 billion from $4.1 billion in Q3 2017 and also some $900 million in the second quarter of 2018.Subsea World News Stafflast_img read more

Updated: 22 Rescued from Listing Cable Layer after Collision with Tanker

first_imgTwenty-two crew members have been evacuated from Vanuatu-flagged MV Star Centurion following a collision between the cable layer and a Hong Kong-flagged tanker MT Antea on Sunday, January 13.The collision took place 35 nautical miles east of Changi, Singapore at 0620 a.m., local time, resulting in the capsizing of Star Centurion. The tanker, which has also sustained damages to its hull, the Jakarta Post reported.Bernhard Schulte Shipmanagement, manager of the tanker, confirmed the incident to World Maritime News, indicating it has launched a full emergency response.“Whilst laden and departing Singapore, the Antea collided with the anchored vessel Star Centurion. The master of the Antea immediately enacted emergency procedures and informed the local authorities,” the company statement reads.“After ensuring the stability of the Antea, its crew then provided assistance to the seafarers of the Star Centurion. The crew of both vessels have been accounted for and there are no injuries to any seafarers.”Based on the released footage on media outlets of the incident, the tanker, owned by Indonesian Pertamina, punctured a huge gash in the side of the cable layer, formerly known as Lewek Centurion, causing it to list heavily.Star Centurion Pipe Lay Vessel heading for Indonesia collide with pertamina tanker at OPL. Accident happen 0600hrs 13/01/2019. #Emas #SriEmas #SESubsea #Subsea7 #pipeline #project #StarCenturion #Lewek #LewekCenturion #Pertamina #oilpro #oilandgas #thomeoffshore pic.twitter.com/q7uo4rexgF— Roj (@johnrojj) January 14, 2019The pipelaying vessel, managed by Vallianz Offshore Marine Pte. (VOM) and owned by Trevakis Ltd, has been at anchor at outer port limits of Singapore since January 8, 2019, Vallianz Holdings said in a statement to WMN.“There has been no report of injuries or casualties arising from this incident. All 22 crew on board Star Centurion are safe. VOM deployed personnel to the location of the incident and made arrangements to bring the crew back to Singapore on January 14, 2019,” the statement reads.“The incident has resulted in damage primarily to the portside of the Star Centurion and the vessel is now keeling to port at its anchored position. VOM has mobilized tug boats to the location to ensure safety within the area.” The first responders to the incident were Singaporean authorities, and Indonesian navy has also dispatched search and rescue vessels to the site.Vallianz Offshore Marine said it was continuing to provide assistance to the relevant authorities and parties as required.“The group wishes to inform shareholders that there is no material financial impact arising from this incident and its business operations are continuing normally,” the company added.Based on the available information, there are no signs of an oil spill at the site.World Maritime News Staff*This article has been updated since its initial publishing with the data from statements provided by Bernhard Schulte Shipmanagement and Vallianz Holdings Limited.last_img read more

NOS Reveals New Hybrid CTV Class

first_imgNorthern Offshore Services (NOS) is launching the E-class crew transfer vessel (CTV) series featuring hybrid technology.Source: Northern Offshore ServicesThe E-class is a green power concept which has batteries installed that can be recharged from shore and from wind farms, thus using renewable energy directly from production to consumer, NOS said.The first vessel from the E-series will be M/V Energizer, which is set to be delivered at the end of 2020.It is an in-house design and, with 34m in length, it will be the largest vessel in the company’s fleet.“The future is green and the E-class is our first step towards a fully electrified CTV fleet. We believe that electrification is a central part of the future of safe and environmentally friendly CTVs and we will continue to improve and develop our services,” said David Kristensson, CEO of N-O-S.According to NOS, new developments in the propulsion plant, such as lower propeller speed and a larger diameter, give the new class high-efficiency propulsion resulting in lower fuel consumption during transit and higher bollard push during docking.The propulsion system has four modes, including the ECO-mode when the vessel is operated at low speed with support from the batteries. It is also capable of operating only on batteries, NOS added.last_img read more

Saipem clinches $3.5B Marjan, Berri field deals with Saudi Aramco

first_imgItalian oilfield services giant Saipem has won a large part of a total of $18 billion worth of contracts awarded by Saudi Aramco as part of further development of Marjan and Berri offshore fields in Saudi Arabia.Illustration: Berri plant – Source: Saudi AramcoFollowing Saudi Aramco’s initial announcement on Tuesday that it had awarded 34 contracts worth $18 billion to various contractors with the aim to boost production capacity by 550,000 barrels per day of Arabian Crude Oil and 2.5 BSCFD of gas from Marjan and Berri offshore fields, Saipem has confirmed it has won two contracts worth over $3.5 billion.As part of the contracts, Saipem will be responsible for engineering, procurement, construction, and installation works and the development of the onshore facilities that are part of the Berri and Marjan gas fields, both located in the Arabian [Persian?] Gulf.According to Saipem, the first contract, “PKG-01 Expand Abu Ali Crude & KGP Gas Facilities” for the Berri field, concerns the expansion, through the installation of new process units, of the Abu Ali oil-gas separation plant located on the island of the same name, about 50 km north of the Ras Tanura refinery, and of the gas treatment plant of Khursaniyah.Related: Saudi Aramco to splash $18 billion on Marjan, Berri offshore fields The second contract, “Gas Treatment and Sulfur Recovery” related to the Marjan field, concerns the construction of a gas treatment unit and of another unit for the recovery of acid gases for sulfur production.“The treatment of acid gases will almost completely eliminate the release of sulfur oxides into the environment: more than 99.9% of the gases will be recovered and CO2 emissions into the atmosphere will comply with the most stringent international standards,” Saipem said.Offshore Energy Today StaffSpotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today please contact us via our advertising form where you can also see our media kit.last_img read more

Piedroba Hosts Executive Dredging Seminar in Argentina

first_imgImage source: PiedrobaIn the context of the Inter-American Committee (CIP) Secretariat’s Capacity Building Program, the Organization of American States (OAS) and Piedroba Consulting Group (PCG) have decided to partner with the Port of Buenos Aires, Argentina to offer an Executive Dredging Seminar on November 14-15.This day-and-a-half Seminar is geared toward Port CEO’s, General Managers, Executives, Engineers, and High-Level Government Officials.The content shall include topics such as:dredge project risk management;procurement;contract administration;(geotechnical) data collection;design of navigation projects;regulatory challenges.PCG’s Principal and CEO, Dr. Luis Prieto-Portar, said: “Argentina and the Port of Buenos Aires are active players when it comes to delivering on their navigation commitments through dredging. Administering these dredging projects with all their technical, environmental, and administrative challenges can be a demanding task, and the Seminars we host with our partners are geared towards facilitating educational services and context. We are pleased to have been invited by the Port of Buenos Aires, and look forward to supporting OAS and support CIP’s mission throughout the Americas, and help our friends in Argentina prepare for their upcoming projects.”Piedroba Consulting Group (PCG) provides marine infrastructure consultancy services throughout the Americas. They specialize in representing the owner on capital and maintenance dredging projects, ensuring successful completion within time and budget through the implementation of risk management strategies.The Organization of American States (OAS) is the world’s oldest regional organization, dating back to the First International Conference of American States in 1889.Today, the OAS brings together all 35 Independent States of the Americas and constitutes the main political, juridical, and social governmental forum in the Hemisphere.The OAS Inter-American Committee on Ports (CIP) is the only permanent Inter-American government forum that brings together the National Port Authorities of all OAS Member States for the promotion of the development of competitive, safe, sustainable, and inclusive ports in the Americas with the active participation of the private sector.OAS’s Inter-American Committee on Ports (CIP) and PCG have offered Executive Dredging Seminars in Panama, Peru, and the Dominican Republic. Over 120 private and public sector participants have gone through PCG’s classes in the last two years.last_img read more

BHP to sell stake in Exxon-operated Bass Strait joint venture

first_imgEnergy giant BHP has revealed plans to sell its 50 per cent stake in the Bass Strait oil and gas venture to enable focusing on higher-value petroleum assets. Namely, the small company bought an ageingfield in 2016 which came with $156 million in abandonment liabilities, but thenwent into voluntary administration last year. The decommissioning costs for theBass Strait assets are estimated to be many times higher than that. It is worth noting that the BassStrait oil and gas fields off Australia’s southeastern coast have produced morethan 4 billion barrels of crude oil and about 8 trillion cubic feet of gas overthe past 50 years and now face a steep decline. This, according to Kavonic, could drastically limit the pool of buyers for Bass Strait interests. Regulators will most likely watch thesale very closely because of the case of the North Oil & Gas Australia(NOGA) company. According to Reuters, which quoted analystopinions, BHP might be able to sell its stake before ExxonMobil since its interestmight attract more bidders as it is not the operator of the field. Credit Suisse analyst Saul Kavonic told Reuters that there will be heightened regulatory scrutiny over any potential buy due to the high abandonment costs and anyone’s ability to meet them. The Bass Strait joint venture is co-owned and operated by ExxonMobil. The Bass Strait is kind of unwanted at the moment as ExxonMobil also put up its 50 per cent stake for sale in September 2019. It is estimated that the stake could fetch up to $3 billion. Another thing related to the sale isthe risk regarding abandonment liabilities which are deemed as significant. BHP said on Tuesday in its financial resultsstatement that the company was continuing to optimize its petroleum portfoliothrough the exit of later life assets, including an intended exit from the BassStrait. At $1.1 billion, the Bass Strait wasthe biggest single contributor to BHP’s petroleum revenue in the year to June2020, but that is a drop from a $1.6 billion annual contribution in 2010.last_img read more

Transgender Suicides: What to Do About Them

first_imgPublic Discourse 27 July 2017Family First Comment: Excellent commentary…. “I have personally experienced gender dysphoria, and I explored transition in my early twenties. I am aware of the emotional struggle, but I am also aware of the empowering realization that I alone control how I perceive the world….…We cannot forget the real tragedy in all of this. People suffering from genuine mental anguish are being promised that with enough surgery, camouflage, social acceptance, legal protection, educational campaigns, and so on, they will finally feel whole as a person. Worse, they are told that the only reason they continue to suffer is due to the intolerance and hatred of those around them. The current method of addressing this concern is only making matters worse. Treatment needs to address the core problem.”I have personally experienced gender dysphoria, and I explored transition in my early twenties. I am aware of the emotional struggle, but I am also aware of the empowering realization that I alone control how I perceive the world.….In a recent discussion on Twitter, Chelsea Manning (formerly Bradley Manning), pardoned by President Obama after being convicted of espionage, argued that transgender “treatment” is necessary for the health of trans individuals, “because,” Chelsea stated, “not getting medical attention for trans people is fatal.”……. The argument can be summarized as follows. Without medical treatment (expensive surgery and lifelong hormone therapy), social acceptance, correct pronoun use, and open bathroom access, trans people will never be comfortable in their bodies or in society. Consequently, they are at a high risk for suicide, and it’s an injustice not to make these “treatments” available; the crime of killingtrans people can even be laid at the feet of those who do not take these steps. This argument, made by Manning, Ford, and so many others, is supposed to halt any criticism—or even querying—of gender theory, but it raises more questions than it answers.If It Needs Treatment, Isn’t It an Illness?Further, if transgenderism requires medical treatment, how can it form the basis of anyone’s identity? Trans people and their allies have, of course, insisted with great indignation that their condition is not an illness, but it is hard to see how this conclusion is to be avoided, if it’s insisted that it must be treated or else will be fatal. Illnesses that require treatment do not constitute anyone’s identity. Being HIV-positive requires medical treatment. I do not identify as HIV-positive as though it made me an entirely new kind of person. It is a condition I need to treat in order to live and be healthy. How is being trans any different?We Need a Real CureSome trans advocates would presumably reply that sex should change rather than gender because sex can change, whereas attempts to change one’s gender usually end badly, but this response is unnecessarily pessimistic.I have personally experienced gender dysphoria, and I explored transition in my early twenties. I am aware of the emotional struggle, and I am sympathetic to the sense of frustration and hopelessness. But I am also aware of the empowering realization that I alone control how I perceive the world. Even if I would prefer to be female, I understand that my body is male, and therefore the most effective and healthiest plan of action is to align my sense of gender to that unchangeable state. I have largely been successful, as I feel fully integrated today and am not only comfortable in my male body but find myself enjoying the pursuit of masculine physical progress.An uncomfortable truth is that many surveys, including a 2011 Swedish study, indicate that suicide rates remain high after sex-reassignment surgery (the Swedish study reports that people who have had sex-reassignment surgery are 19 times more likely to die by suicide than is the general population); and the National Center for Transgender Equality reported in 2015 that 40% of people who identify as transgender have attempted suicide. The LGBT community actively fights such studies and suppresses the voices of people who, like myself, have chosen natural alignment or who regret transitioning. The medical community is currently uninterested in recognizing the inherent dangers and long-term impact of transition therapy and is equally unwilling to pursue study that may result in finding a cure or a resolution to the underlying issue. To suggest this is a medical issue needing to be cured is to be accused of proposing genocide.But medical issues do need to be cured. If gender dysphoria is indeed naturally fatal without treatment, the only ethical solution is to find a cure that exposes the body to the least amount of risk. Obviously, this would be to correct the biological problem and/or address the psychological distress behind the dysphoria itself.The LGBT movement has built a civilization around the validation of being “who you are” despite all efforts of judgment or persecution. Trans individuals often tell me they are now their “true gender.” Advocates like Zack Ford and others routinely demand that extreme social bigotry prevents the trans individual from living a full and happy life. But in the center of this storm of indignation and boasting of perseverance is the steady and quiet realization that these people are extremely insecure.We cannot forget the real tragedy in all of this. People suffering from genuine mental anguish are being promised that with enough surgery, camouflage, social acceptance, legal protection, educational campaigns, and so on, they will finally feel whole as a person. Worse, they are told that the only reason they continue to suffer is due to the intolerance and hatred of those around them. The current method of addressing this concern is only making matters worse. Treatment needs to address the core problem.READ MORE: http://www.thepublicdiscourse.com/2017/07/19769/?utm_source=The+Witherspoon+Institute&utm_campaign=001854e5a2-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_15ce6af37b-001854e5a2-84094405last_img read more

Sexual Victimization by Women Is More Common Than Previously Known

first_imgScientific American 17 October 2017Family First Comment: Fascinating article which, using government data, highlights the facts around sexual assault rather than the ideology which only tells half the story…“[T]he common one-dimensional portrayal of women as harmless victims reinforces outdated gender stereotypes. This keeps us from seeing women as complex human beings, able to wield power, even in misguided or violent ways. And, the assumption that men are always perpetrators and never victims reinforces unhealthy ideas about men and their supposed invincibility. These hyper-masculine ideals can reinforce aggressive male attitudes and, at the same time, callously stereotype male victims of sexual abuse as “failed men.””Take a moment and picture an image of a rapist. Without a doubt, you are thinking about a man. Given our pervasive cultural understanding that perpetrators of sexual violence are nearly always men, this makes sense. But this assumption belies the reality, revealed in our study of large-scale federal agency surveys, that women are also often perpetrators of sexual victimization.In 2014, we published a study on the sexual victimization of men, finding that men were much more likely to be victims of sexual abuse than was thought. To understand who was committing the abuse, we next analyzed four surveys conducted by the Bureau of Justice Statistics (BJS) and the Centers for Disease Control and Prevention (CDC) to glean an overall picture of how frequently women were committing sexual victimization.The results were surprising. For example, the CDC’s nationally representative data revealed that over one year, men and women were equally likely to experience nonconsensual sex, and most male victims reported female perpetrators. Over their lifetime, 79 percent of men who were “made to penetrate” someone else (a form of rape, in the view of most researchers) reported female perpetrators. Likewise, most men who experienced sexual coercion and unwanted sexual contact had female perpetrators.We also pooled four years of the National Crime Victimization Survey (NCVS) data and found that 35 percent of male victims who experienced rape or sexual assault reported at least one female perpetrator. Among those who were raped or sexually assaulted by a woman, 58 percent of male victims and 41 percent of female victims reported that the incident involved a violent attack, meaning the female perpetrator hit, knocked down or otherwise attacked the victim, many of whom reported injuries.And, because we had previously shown that nearly one million incidents of sexual victimization happen in our nation’s prisons and jails each year, we knew that no analysis of sexual victimization in the U.S. would be complete without a look at sexual abuse happening behind bars. We found that, contrary to assumptions, the biggest threat to women serving time does not come from male corrections staff. Instead, female victims are more than three times as likely to experience sexual abuse by other women inmates than by male staff.Also surprisingly, women inmates are more likely to be abused by other inmates than are male inmates, disrupting the long held view that sexual violence in prison is mainly about men assaulting men. In juvenile corrections facilities, female staff are also a much more significant threat than male staff; more than nine in ten juveniles who reported staff sexual victimization were abused by a woman.Our findings might be critically viewed as an effort to upend a women’s rights agenda that focuses on the sexual threat posed by men. To the contrary, we argue that male-perpetrated sexual victimization remains a chronic problem, from the schoolyard to the White House. In fact, 96 percent of women who report rape or sexual assault in the NCVS were abused by men. In presenting our findings, we argue that a comprehensive look at sexual victimization, which includes male perpetration and adds female perpetration, is consistent with feminist principles in important ways.For example, the common one-dimensional portrayal of women as harmless victims reinforces outdated gender stereotypes. This keeps us from seeing women as complex human beings, able to wield power, even in misguided or violent ways. And, the assumption that men are always perpetrators and never victims reinforces unhealthy ideas about men and their supposed invincibility. These hyper-masculine ideals can reinforce aggressive male attitudes and, at the same time, callously stereotype male victims of sexual abuse as “failed men.”Other gender stereotypes prevent effective responses, such as the trope that men are sexually insatiable. Aware of the popular misconception that, for men, all sex is welcome, male victims often feel too embarrassed to report sexual victimization. If they do report it, they are frequently met with a response that assumes no real harm was done.Women abused by other women are also an overlooked group; these victims discover that most services are designed for women victimized by men. Behind bars, we found that sexual minorities were 2-3 times more likely to be sexually victimized by staff members than straight inmates. This is particularly alarming as our related research found that sexual minorities, especially lesbian and bisexual women, are much more likely to be incarcerated to begin with.READ MORE: https://www.scientificamerican.com/article/sexual-victimization-by-women-is-more-common-than-previously-known/The Sexual Victimization of Men in America: New Data Challenge Old AssumptionsAm J Public Health. 2014 June; 104(6): e19–e26. Published online 2014 June. doi:  10.2105/AJPH.2014.301946 We concluded that federal surveys detect a high prevalence of sexual victimization among men—in many circumstances similar to the prevalence found among women. We identified factors that perpetuate misperceptions about men’s sexual victimization: reliance on traditional gender stereotypes, outdated and inconsistent definitions, and methodological sampling biases that exclude inmates. We recommend changes that move beyond regressive gender assumptions, which can harm both women and men. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4062022 /Prevalence Rates of Male and Female Sexual Violence Perpetrators in a National Sample of AdolescentsJAMA Pediatr.  2013;167(12):1125-1134. doi:10.1001/jamapediatrics.2013.2629… Perpetrators reported greater exposure to violent X-rated content. Almost all perpetrators (98%) who reported age at first perpetration to be 15 years or younger were male, with similar but attenuated results among those who began at ages 16 or 17 years (90%). It is not until ages 18 or 19 years that males (52%) and females (48%) are relatively equally represented as perpetrators. Perhaps related to age at first perpetration, females were more likely to perpetrate against older victims, and males were more likely to perpetrate against younger victims….https://jamanetwork.com/journals/jamapediatrics/fullarticle/1748355last_img read more

30,000 sign petition to stop New Zealand schools teaching ‘gender diversity’

first_imgNewsHub 27 February 2019Family First Comment: It’s over 32,000 now Sign the petition here https://www.parliament.nz/en/pb/petitions/document/PET_83774/petition-of-helen-houghton-stop-transgender-teaching-inMore than 30,000 people have signed a Parliamentary petition urging the Ministry of Education to scrap references to gender diversity in the New Zealand teaching curriculum.‘Stop transgender teaching in New Zealand schools’ was published on January 29, and has garnered 31,190 signatures as of Wednesday evening.Its purpose is to persuade the House of Representatives to urge the Ministry of Education to “remove learning intentions for teaching gender diversity in the sexuality education guide”.The petition also demands the removal of gender diversity teaching resources on the Te Kete Ipurangi (TKI) website, which provides schools with education materials.TKI currently provides multiple learning resources aimed at educating students about different gender identities, including ‘Making schools safer for trans and gender diverse youth’ and a video series about Rainbow Pasifika youth.In 2015, the Ministry of Education developed guidelines for how schools should teach sexual education, and in 2017 the ‘Inclusive Education Guide for supporting LGBTIQA+ students’ was released.Education Minister Chris Hipkins told Newshub while no changes have been made since 2015, “the Ministry of Education plans to work with the sector to update the guide this year to ensure it reflects further societal changes”.“I believe that teachers are already required to create a safe environment for all students regardless of race, religion, language, disability, and sexuality,” the petition reads.“They do not have a separate requirement to teach the content of minority groups in the curriculum… I believe that endorsing gender discordance as normal via public education and legal policies will confuse children and parents.”READ MORE: https://www.newshub.co.nz/home/new-zealand/2019/02/30-000-sign-petition-to-stop-new-zealand-schools-teaching-gender-diversity.htmlKeep up with family issues in NZ. Receive our weekly emails direct to your Inbox.last_img read more

Pregnancy warning labels voted to be mandatory on all alcohol products

first_imgThe move was agreed to at yesterday’s meeting of the Australia and New Zealand Ministerial Forum on Food Regulation, he said. TVNZ One News 18 July 2020Family First Comment: “Hundreds of babies are born each year with fetal alcohol spectrum disorder (FASD). There’s now conclusive scientific evidence that says it does affect the foetus and it does affect children born with lifetime consequences.”Yep – we’ve been asking for this for since at least 2011. Read our submission here https://www.familyfirst.org.nz/issues/alcohol-law-reform/Alcohol companies are being forced to put health warnings on their products about the dangers of drinking while pregnant.Australian health ministers and New Zealand’s Food Safety Minister, Damien O’Connor, have voted in favour of the labels, with companies having three years to implement the changes. “There’s now conclusive scientific evidence that says it does affect the foetus and it does affect children born with lifetime consequences.” He said the labelling has been inconsistent but the new law will make it standard.center_img Mr O’Connor said hundreds of babies are born each year with fetal alcohol spectrum disorder (FASD). “The decisions that were taken yesterday were to include a red label that said pregnancy warning, to ensure we committed to a consistent size and that we gave certainty to the industry with a three year lead-in time.”READ MORE: https://www.tvnz.co.nz/one-news/new-zealand/pregnancy-warning-labels-voted-mandatory-all-alcohol-productsKeep up with family issues in NZ. Receive our weekly emails direct to your Inbox.last_img read more