ADCI Underwater Today

October 6, 2023

Teledyne Marine Systems USA
INDUSTRY NEWS

In a new report sent to Rigzone on October 3, analysts at Standard Chartered looked at the Brent oil price drop that occurred earlier this week, which they highlighted saw the commodity fall below $90 per barrel at one point.

Source: Rigzone

Visit https://www.rigzone.com/news/analysts_look_at_early_week_oil_price_drop-05-oct-2023-174244-article/ to view the full article online.

 
A Coast Guard boat crew rescued 12 people, Wednesday morning, after they were forced to abandon the grounded cargo vessel M/V Bonnie G which was taking on water and had run aground just south of the airport in St. Thomas, U.S. Virgin Islands. 

Source: MarineLog

Visit https://www.marinelog.com/legal/safety-and-security/uscg-rescues-12-from-grounded-cargo-vessel/ to view the full article online.

 
The labor market appears to be cooling, but construction labor woes won’t go anywhere anytime soon, an economist says.
 Source: Construction Dive

Visit https://www.constructiondive.com/news/job-openings-construction-quits-august/695569/ to view the full article online.

 
Fisk Marine Insurance International, LLC
Nov. 29 - Dec. 1, 2023  •  Morial Convention Center  •  New Orleans, LA

Underwater Intervention attracts a global audience of engineers, technical specialists, industry leaders and experts, to share ideas, debate the issues of the moment and to create common agendas for the future of the industry. Underwater Intervention features some of the world’s leading figures within the upstream oil and gas industry coupled with technical sessions covering the most current challenges and up-to-date strategies and technologies.

Visit https://www.workboatshow.com/underwater-intervention/ to view the full article online.

 
MESSAGE FROM THE EXECUTIVE DIRECTOR
We speak with Olaf Olsen, representative for the Eastern Atlantic States Regional Council of Carpenters, breaking down some of the misconceptions and myths of becoming a union contractor and diver. Episode is brought to you by Dryden Diving Company.

Visit https://open.spotify.com/episode/7fu7X2F0tVZmuepxrh15fQ to view the full article online.

 
Saab Seaeye Ltd
INTERNATIONAL NEWS
The UK’s Crown Estate has awarded an agreement for lease for what could become one of the world’s largest carbon capture and storage (CCS) projects.
Source: Offshore Energy

Visit https://www.offshore-energy.biz/lease-agreement-in-for-north-sea-carbon-capture-and-storage-project/ to view the full article online.

 
The OPEC Fund for International Development (the OPEC Fund) has approved a $500,000 aid grant to support relief and recovery efforts in Libya in the aftermath of Storm Daniel.

Source: Rigzone

Visit https://www.rigzone.com/news/opec_fund_provides_500000_aid_for_stormhit_libya-05-oct-2023-174239-article/ to view the full article online.

 
The ministerial panel within OPEC+ convened on Oct. 4 and agreed to maintain the current oil output policy. This decision came following commitments from Saudi Arabia and Russia to uphold their voluntary supply reductions in order to bolster the market.
Source: Oil & Gas Journal

Visit https://www.ogj.com/general-interest/economics-markets/article/14299808/opec-maintains-oil-policy-stability-saudi-arabia-and-russia-continue-production-cuts to view the full article online.

 
NEW PRODUCTS AND TECHNOLOGY
ADNOC Refining received ISCC System GmbH’s International Sustainability Carbon Certification to produce sustainable aviation fuel at the operator’s more than 920,000-b/d Ruwais refining complex on the coast of the Arabian Gulf.
Source: Oil & Gas Journal

Visit https://www.ogj.com/energy-transition/article/14299763/adnocs-ruwais-refinery-to-produce-sustainable-aviation-fuel to view the full article online.

 
The Manchester-based startup accelerator is ZEBOX’s sixth innovation hub in the world, focusing on operational efficiency, decarbonization, future of work and artificial intelligence in supply chain, logistics, transport, energy and beyond.
Source: Offshore Energy

Visit https://www.offshore-energy.biz/cma-cgm-to-launch-startup-accelerator-in-uk/ to view the full article online.

 
From the Pages of Underwater Magazine
Santa Barbara, California, is home to HDS Deepwater Diving Monument commemorating super stars in commercial gas diving. The Superlite® diver statuettes are available now and are selling quickly. For purchasing information, go to www.deepwaterdivingmonument.com. Payment plans are also available there.

Visit https://www.underwatermag-digital.com/adcs/0323_may_june_2023/MobilePagedArticle.action?articleId=1892967&app=false&cmsId=4112722#articleId1892967 to view the full article online.