The PMI team had a busy August having attended the ONS 2018 Conference in Stavanger, Norway. The conference not only provided a chance to connect with industry professionals, government officials, and catch up with clients, but also to learn more about what’s shaking up the market.
Innovation is the name of the game
Cost reduction through innovation was a common theme throughout the conference. More technological breakthroughs and policies are changing, providing the momentum oil and gas (O&G) industries need to continue to grow, evolve, and stay relevant. A number of ONS attendees were exhibiting alternative forms of energy including wind and wave.
One of the hottest topics of conversation was Equinor’s proposed plans to build the Hywind Tampen floating wind park. This park plans to reduce carbon emissions on Equinor’s oil and gas platforms. This kind of project displays some of the innovative ways the oil and gas industry is working to incorporate wind — especially floating wind projects — as a form of energy for offshore platforms. Offshore wind farms in the North Sea may be seeing more floating wind projects in their future.
Market conditions
A lot of discussions were also centered on O&G market conditions as the renewable fuel industries are now some of the fastest growing sectors. From our perspective, the majority of attendees felt there was a slight uptick in the market, but others had a more reserved outlook.
In addition, several seismic companies indicated an increase in activity, while other companies mentioned rounds of layoffs. It may be too soon to tell the ultimate trajectory of these markets, but we’re enlivened to see companies with new forms of energy coming to the table with creative solutions to today’s energy challenges.
PMI has been a key supplier for many companies within the oil and gas market, for nearly half a century. We offer full-service engineering from concept to production and provide cable protection and management systems for oil and gas and renewable energy projects.
While some other suppliers have closed doors, PMI has weathered the swings in market conditions by providing quality cable protection and terminations for our clients’ most demanding applications. This quality is what continues to set us apart from other suppliers.
PMI also stands alone in our low-hassle, no-tools-required cable protection assembly systems. Whereas other products, such as terminations, may require up to 12 hours to cure, PMI’s terminations can be completely assembled and ready to go in just 30 minutes.
Our experience working with projects across all sectors — oil and gas, wind, and wave energy — allows PMI to be an invaluable resource to our clients in all stages of their project development. In a world of tight timelines and budgets, PMI strives to create the cable protection systems that can remove the headaches and wasted time and energy so engineers can focus on their biggest project goals — not get caught up in cable complications. After all, about 80% of all project disruptions come from cable failures.
We’re always excited to attend ONS and it was a great opportunity to connect with some of our current clients and leaders from around the world. (PMI’s team even had the opportunity to meet with the U.S. Ambassador to Norway and mayors of Stavanger Bergen!). We look forward to seeing even more of our clients and connecting with leading industry professionals at several more of this year’s upcoming conferences.
As the energy market continues to turn away from oil and gas and towards renewable energy, many companies that specialize in deep ocean engineering, like PMI, are following suit. One company that has made great efforts to shift from oil and gas into the renewable energy field are the Norwegian subsea specialists Ocean Installer. The company’s advanced vessel, the Normand Vision, was used for work on subsea umbilicals, risers and flowlines (SURF) for major companies in the oil industry. Realizing that their subsea construction support equipment could also be used to work on the underwater cables that connect offshore wind platforms with the power grid, the Normand Vision began working with wind farms, including Germany’s Gode Wind 1 farm. Ocean Installer is not the only subsea construction company to jump on the renewable energy bandwagon. Singapore’s EMAS has also begun adding wind energy projects to their portfolio.
PMI shares the vision of these companies as our energy markets focus on new horizons and is excited to work with customers to solve their cable issues with budget friendly and top quality underwater cable hardware that will maintain cable integrity in every kind of underwater environment.
Read more about Ocean Installer and the Normand Vision.
To find out more about our custom ocean engineered cable hardware equipment, schedule an appointment to talk to our experts today.
When laying and retrieving submarine cables on the seabed, or performing a cable pull from a vessel to an offshore wind platform, it is often necessary to hold a cable end onboard for up to seven days.
Cables must be anchored firmly onboard to keep them in place, and this anchoring is normally done by means of a cable stopper.
The cable left hanging in the ocean can be exposed to forces so strong there is a distinct possibility of becoming overtensioned. Meanwhile, the vessel’s crew works to keep station by the use of thrusters. If overwhelmed by winds, strong currents and waves, the ship can be driven out of position. The cable left hanging may end up acting as an anchor chain, subject to additional forces and tension.
In these situations, when the wrong cable hardware is used, or is installed incorrectly, the grip of cable tensioners can slip. The heavy cable starts moving unfastened, which is extremely dangerous for the crew, equipment and the vessel.
While the oil, gas and seismic industries have had plenty of experience with these issues, the growing offshore renewable energy companies are looking to manufacturers like PMI Industries for proven experience and products to guide the way.
Engineers who have made the leap from offshore oil to offshore renewable energy have worked with PMI’s products, such as our CABLE-GRIP™ and STOPPER-GRIP™ Terminations, and have found them preferable to typical braided cable grips or cable socks. These terminations are quick and easy to install, robust, and recommended by many cable deck crews.
Our unique cable grips are fully capable of holding cables to the rated breaking strength. Tensile load is transferred gradually from cable to termination with no stress or damage to the cable. And unlike braided stoppers, the helical termination wire design permits installation anywhere along the length of the subsea cable, since it does not require access to the cable end.
7 Questions You Should Be Asking About Your Subsea Terminations
PMI has grown up with the oil industry. In 1969, we emerged in the underwater market by introducing the helical wire concept for use on underwater cables. And today, we offer full-service engineering from concept to production, cable hardware and kits, custom cable systems and simulated at-sea testing services.
The recent trend in oil prices casts a shadow of uncertainty on many industries like ours across the globe. But news of a Norwegian oil field has us all perking up a bit.
The Ministry of Petroleum and Energy has given the go ahead on the development and operation plan of the oil group Statoil for Johan Sverdrup field. It’s the fifth largest oil field to ever be found off the Norwegian cost. And it looks as if it is expected to generate $200 billion in revenues within the next 50 years and create 51,000 direct and indirect jobs, which is especially important for Norway – not to mention the entire oil industry — these days.
Read more about our thoughts on Oil and Gas Exploration.
Read more about Norway’s Development of Largest Oil Field.
Subsea equipment (umbilicals, risers, flowlines) and pipelines are generally one third of all expenditure of a total project. Equipment purchases add up quickly and in order to save costs, companies will be looking for hardware with proven results – hardware that increases efficiency and quickly realizes a significant return on investment.
Statoil CEO Eldar Sætre recently stated that over the last ten years, the cost of subsea developments has increased by 250 percent. According to analysts Douglas-Westwood, subsea spending will continue to rise, and there are projects and locations to watch out for. Read more…
If you are looking to lower costs and improve the economic outcomes of deepwater projects, you should consider the hydrodynamic efficiency of your subsea hardware and how that impacts your fuel costs.
It’s everyone’s favorite pastime, but no one can predict what the oil price might be—it’s an uncontrollable aspect that can and will again dramatically impact this business over time. But what can and is being implemented by most companies is the overriding imperative to take back control where it can, and that largely means reducing project costs. Read more…
Prior to the show, Gordon Drummond was quoted, saying: “In the current low oil price environment, innovation and technology will be more important than ever in driving efficiencies and developing effective solutions to the challenges the industry presently faces, particularly in the North Sea.”
Driving technology in subsea cable applications is what we do. Our cable hardware solutions deliver efficiencies and provide exceptional return on investment.
New technologies, and how their implementation can boost oil and gas exploration, was brought to the forefront at this year’s Subsea Expo.
For the first time, Subsea UK’s annual conference and exhibition, which took place from February 11-13, provided a platform for organizations to introduce, discuss and demonstrate their latest innovations. Read more…
The launch of the Ramform Titan class marine seismic data acquisition ships by Petroleum Geo-Services (PGS) mark a new era of subsea oil and gas exploration. The second of these vessels, the Ramform Atlas was launched in January, 2014. The Ramform Titan and Ramform Atlas are designed and built by PGS to be the most powerful and productive of their kind using the latest marine and electronic seismic technologies.
Every detail of these vessels was evaluated based on optimum productivity and safety including the cable management systems used to deploy and attach up to a 24-streamer array system. The towed streamers consist of several thousand recording sensors over an area greater than 3,000 acres (12 km2), or 3.5 times the size of New York’s Central Park.
The engineers at PGS have chosen the latest proven technologies available throughout the Ramform Titan-class ships, including the new PMI Dyna-Hanger II and Dyna-BSR cable management systems. These systems provide significantly higher load capacities to accommodate the demands of extreme towing loads caused by wider streamer arrays. As a bonus, the major components of both systems can be installed, or removed, in just minutes without special tools or extensive personnel training to increase on deck productivity and reduce downtime.
The Dyna-Hanger II cable management system uses exclusive patent pending designed symmetrical suspension arms with tool-less features and helical rods. It is designed with a hinged collar that snaps around the housing and is secured with just a quick-release pin. A specially designed housing prevents the attachment point from shifting on the lead-in cable while the collar design enables the cable to rotate freely under tension. It is capable of accommodating loads up to 100% of the cable’s rated breaking strength.
The Dyna-BSR bending strain relief system provides cable bending and abrasion protection, while enabling rotation of various cable attachments. It replaces traditional slip-on bending strain relief systems that use a one-piece body design. Instead, the Dyna-BSR patent pending two-piece system can be installed or removed at any time during deployment or retrieval procedures. It is designed with a reinforced polyurethane, two-part shell to provide added strength and flexibility. A unique fastener system quickly secures the shells together. In total, the system offers graduated stiffness to protect cables from off-axis loads through a wide range of angle combinations by maintaining a safe minimum bend radius.
“Everything on the Ramform Titan class was chosen for its contribution to our primary goals of providing optimal seismic productivity and crew safety,” according to Sverre Olsen, Technical Manager at PGS. “Every sub-system we have, builds on the total system to achieve our goals. PMI systems were chosen because they continue to meet PGS productivity and higher load requirements.”
“The successful PGS installation is a result of our conversations with customers about their challenges then developing cable hardware and support services to meet their needs,” said Bob Schauer, president, PMI industries. “We are focused on unmatched support for our customers. Whether it is easy-to-use hardware, engineering support or comprehensive cable testing services, we listen and then perform.
The launch of the Ramform Titan class marine seismic data acquisition ships by Petroleum Geo-Services (PGS) mark a new era of subsea oil and gas exploration. The second of these vessels, the Ramform Atlas was launched in January, 2014. The Ramform Titan and Ramform Atlas are designed and built by PGS to be the most powerful and productive of their kind using the latest marine and electronic seismic technologies.
Every detail of these vessels was evaluated based on optimum productivity and safety including the cable management systems used to deploy and attach up to a 24-streamer array system. The towed streamers consist of several thousand recording sensors over an area greater than 3,000 acres (12 km2), or 3.5 times the size of New York’s Central Park.
The engineers at PGS have chosen the latest proven technologies available throughout the Ramform Titan-class ships, including the new PMI Dyna-Hanger II and Dyna-BSR cable management systems. These systems provide significantly higher load capacities to accommodate the demands of extreme towing loads caused by wider streamer arrays. As a bonus, the major components of both systems can be installed, or removed, in just minutes without special tools or extensive personnel training to increase on deck productivity and reduce downtime.
The Dyna-Hanger II cable management system uses exclusive patent pending designed symmetrical suspension arms with tool-less features and helical rods. It is designed with a hinged collar that snaps around the housing and is secured with just a quick-release pin. A specially designed housing prevents the attachment point from shifting on the lead-in cable while the collar design enables the cable to rotate freely under tension. It is capable of accommodating loads up to 100% of the cable’s rated breaking strength.
The Dyna-BSR bending strain relief system provides cable bending and abrasion protection, while enabling rotation of various cable attachments. It replaces traditional slip-on bending strain relief systems that use a one-piece body design. Instead, the Dyna-BSR patent pending two-piece system can be installed or removed at any time during deployment or retrieval procedures. It is designed with a reinforced polyurethane, two-part shell to provide added strength and flexibility. A unique fastener system quickly secures the shells together. In total, the system offers graduated stiffness to protect cables from off-axis loads through a wide range of angle combinations by maintaining a safe minimum bend radius.
“Everything on the Ramform Titan class was chosen for its contribution to our primary goals of providing optimal seismic productivity and crew safety,” according to Sverre Olsen, Technical Manager at PGS. “Every sub-system we have, builds on the total system to achieve our goals. PMI systems were chosen because they continue to meet PGS productivity and higher load requirements.”
“The successful PGS installation is a result of our conversations with customers about their challenges then developing cable hardware and support services to meet their needs,” said Bob Schauer, president, PMI industries. “We are focused on unmatched support for our customers. Whether it is easy-to-use hardware, engineering support or comprehensive cable testing services, we listen and then perform.”
About PGS
Petroleum Geo-Services (PGS) offers a broad range of products including seismic and electromagnetic services, data acquisition, processing, reservoir analysis/interpretation and multi-client library data. We help oil companies find oil and gas reserves offshore worldwide.
PGS was founded in Norway in 1991, with 2 seismic ships and some highly innovative ideas on how to reshape the industry. Today we share the same drive to innovate as inspired our founders, though the team is bigger:
- 14 offshore seismic vessels
- 21 data processing centers
- 35 offices worldwide, employing over 70 nationalities
PGS has a presence in over 25 countries with regional centers in London, Houston and Singapore. Our headquarters is in Oslo, Norway and the PGS share is listed on the Oslo stock exchange (OSE:PGS).
For more information, visit: www.pgs.com
About PMI Industries, Inc.
PMI Industries, Inc. provides underwater cable hardware products and services to customers worldwide including exploration, military, commercial and scientific organizations. The company supports domestic and international customers with comprehensive subsea knowledge, application assistance, custom designs and functional testing to assure performance and reliability in harsh operational environments.
The company was founded to solve cable and wire rope application problems. It introduced unique wire helix design to grip a conductor that provides the strength needed for assured cable connections while ensuring cable integrity.
For more information, visit: www.pmiind.com