search.noResults

search.searching

dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
INDUSTRY FOCUSUPSTREAM OIL & GAS


new sites and the expansion or upgrading of existing operations, both onshore and offshore, for which Volga-Dnepr executed flights throughout 2018,” he commented. “Looking ahead, we are participating in other project build-up discussions which may materialise through 2019 and 2020.” Michael Goodisman, business


development director for Antonov Airlines, said: “We have seen a rise in oil and gas cargo over each of the last three years. “Although we do not distinguish


between upstream or downstream in our data, generally speaking, the things we move for the oil and gas industry have a weighting towards the upstream side.”


Activity assessments Leading freight forwarders provided varied assessments of potential project logistics activity in the upstream sector during 2018, and likely levels of business through into 2020. A spokesman for DHL Industrial


Projects, a company that has had a long involvement with energy industry upstream exploration and production projects worldwide, delivered one of the most bullish reports. “DHL Industrial Projects is currently


involved with many new projects, all at different stages of development, both onshore and offshore. We are seeing an exponential number of new projects coming to the market globally,” he claimed. George Abreu, global commercial


director – industrial projects, global head, oil and gas, for Geodis in Houston, Texas, also reported a generally positive picture. “Our assessment of the upstream oil and


gas portion of the [energy] industry, based on existing business levels, is that the sector is once again on an upward path,” he said. Abreu said the first evidence of that


upturn had been a resumption of onshore development activities at the end of 2017, which continued through 2018. However, while offshore development work had recommenced in 2018, it was still only at the beginning of an upward progression. “The key there is that day rates for


offshore rigs and equipment are still in a very low range. Those rates should stabilise toward the end of 2019, though, with 2020 being the target year for the commencement of normality in the offshore part of the industry,” he suggested. Grant Wattman, president and ceo of


Agility Project Logistics, part of Kuwait-headquartered global logistics group Agility, also suggested there are now some positive indicators for business


www.heavyliftpfi.com


Looking back over 2018, growth in upstream project work generally improved, even though we did not see the increases we had anticipated in the back half of the year. – Grant Wattman, Agility Project Logistics


prospects in the next couple of years. “Looking back over 2018, growth in


upstream project work generally improved, even though we did not see the increases we had anticipated in the back half of the year,” he commented. “Looking ahead, we are still cautiously


optimistic that strong oil and gas prices could lead to an upturn in global upstream project work from this year. Currently, we envisage the market picking up in the latter part of 2019 and showing solid growth in


Geodis believes that the upstream oil and gas sector is, once again, on an upward trajectory.


2020,” said Wattman. Expanding on this, he added that the


upstream oil and gas projects sector is gaining momentum, a trend that appears to be confirmed by the increasing number of invitations to tender that have been issued.


Promising prospects “Although there is still caution when it comes to significant capital expenditure in onshore greenfield projects and offshore locations, that is not the case across the board,” he reported. “We are seeing positive investment


decisions and notices to proceed on brownfield capital projects and a few for greenfield developments as well, with regular activity in retrofitting for new fuels and modernisation.” Other logistics industry figures also


suggested that any significant pick-up in upstream project logistics work is more likely in 2020 than this year. “Last year [2018] was a pretty thin year


for transportation business in that market generally and there are no indications right now that 2019 is going to be any different,” warned Sune Thorleifsson, head of marine projects at SAL Heavy Lift, the Germany-headquartered ocean carrier. “So while there is a lot of tendering activity right now and we are really busy negotiating contracts for firm business in the future, virtually none of it relates to project cargo movements in 2019 − it is all for 2020 and beyond.” Commenting on the trends in the offshore upstream oil and gas market,


January/February 2019 35


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118  |  Page 119  |  Page 120  |  Page 121  |  Page 122  |  Page 123  |  Page 124  |  Page 125  |  Page 126  |  Page 127  |  Page 128  |  Page 129  |  Page 130  |  Page 131  |  Page 132  |  Page 133  |  Page 134  |  Page 135  |  Page 136  |  Page 137  |  Page 138  |  Page 139  |  Page 140  |  Page 141  |  Page 142  |  Page 143  |  Page 144  |  Page 145  |  Page 146  |  Page 147  |  Page 148  |  Page 149  |  Page 150
Produced with Yudu - www.yudu.com