ADCI Underwater Today

June 25, 2021

Fisk Marine Insurance International, LLC
INDUSTRY NEWS
The study found that payment speed also correlates strongly to project type. Residential construction companies are three times more likely to collect payment within 30 days than those on commercial projects, and five times more likely than those on public projects.

Visit https://www.constructiondive.com/news/covid-19-has-slowed-payments-for-gcs-and-subs-report-finds/601969/ to view the full article online.

 
One of the U.S. Navy’s first major projects under a 20-year shipyard modernization effort is facing cost-overruns and schedule slips, an unexpected circumstance which the Navy is hoping to learn from as it continues through the $20-billion Shipyard Infrastructure Optimization Program.

Visit https://www.defensenews.com/naval/2021/06/22/us-navy-facing-early-challenges-in-modernizing-dry-docks-for-submarine-maintenance/ to view the full article online.

 
BP will be in the hydrocarbons business for decades to come, Chief Executive Bernard Looney told Reuters on Tuesday, while high oil prices are set to make its asset sales and transition to lower-carbon energy easier.

Visit https://www.oedigital.com/news/488626-higher-oil-prices-to-make-asset-sales-easier-bp-says to view the full article online.

 
Teledyne Marine Systems USA
New On ADCI-TV
Dive Commercial International, Inc.
Simpson Strong-Tie
Denso North America Inc.
INTERNATIONAL NEWS
Norway’s oil and gas industry is counting on renewable power from hydro plants to cut emissions from its offshore platforms but rival demand from the green economy is putting a spanner in the works.

Visit https://www.oedigital.com/news/488656-greener-oil-or-green-industry-gridlock-puts-norway-in-a-bind to view the full article online.

 
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has decided to form a global research and development (R&D) alliance focused on the development of innovative shipbuilding technologies.

Visit https://www.offshore-energy.biz/dsme-to-form-intl-rd-alliance-for-eco-friendly-smart-shipbuilding-tech/ to view the full article online.

 
Crude oil prices settled slightly lower on Tuesday after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.

Visit https://www.reuters.com/business/energy/oil-falls-sentiment-stays-strong-demand-recovery-hopes-2021-06-22/ to view the full article online.

 
Ocean Technology Systems
NEW PRODUCTS AND TECHNOLOGY
It can be argued that at some point in their productive lives, the majority of unconventional wells will rely on beam pumping to sustain production flow. Compared to other artificial lift technologies, sucker rod-enabled beam pumps for decades have proven to be one of the most viable solutions for maintaining production efficiency, as reservoir pressures decline over time.

Visit https://www.worldoil.com/magazine/2021/june-2021/special-focus/evidence-based-initiative-improves-guided-sucker-rod-longevity to view the full article online.

 
The North Sea oil and gas sector has fueled a great deal of this innovation to date. Still, as the energy transition accelerates, there is an opportunity for offshore renewables to provide fresh stimulus and innovation.

Visit https://www.oedigital.com/news/488385-data-design-the-twin-approach-to-solving-subsea-cable-failure to view the full article online.

 
Swedish shipping company Furetank Rederi AB has announced that its LNG-powered tanker, Fure Viten, departed China Merchants Jinling Shipyard in Yangzhou for its first zero-emission journey.

Visit https://www.offshore-energy.biz/lng-fueled-fure-viten-starts-carbon-neutral-voyage/ to view the full article online.

 
Bottom Dwellers Dive Shack
From the Pages of Underwater Magazine
Read this article for best practices for managing contaminated-water diving operations.

Visit https://www.underwatermagazine.com/2021/04/an-education-in-contamination/ to view the full article online.

 
Saab Seaeye Ltd