Monthly Archives: February 2019
Seadrill is seeing continuous signs of improvement in offshore drilling market
| Feb262019
Offshore drilling contractor Seadrill is seeing continuous signs of improvement in offshore drilling market with increased tendering activity and better contract economics. Seadrill on Tuesday posted revenues of $292 million for the fourth quarter of 2018, which is a 17% increase when compared to revenues of $249 million in the third quarter of 2018. This was primarily due to the West Hercules and West Phoenix working at higher dayrates and for more days during the quarter, the West Elara moving to a higher contractual dayrate and the Sevan Louisiana returning to service. This was partially offset by lower floater economic utilization of 93% for the quarter (3Q18: 98%). However, when compared to the fourth quarter of 2017, when Seadrill was in bankruptcy proceedings, the
read moreDid you know that dry bulk pneumatic conveying is related to the golf sport?
| Feb192019
Golf balls have the perfect shape or in other words have the perfect aerodynamics for making it fly. Aerodynamics is therefore a big part of our business and responsibility, but what is actually aerodynamics? Aerodynamics is the way air moves around things. The rules of aerodynamics explains for example on how an airplane is able to fly, why a golf ball can fly and even how we can convey dry materials by means of air. Anything that moves through air reacts to aerodynamics. A rocket blasting off the launch pad and a kite in the sky react to aerodynamics. Aerodynamics also acts on cars, since the air streams around cars while moving. What are the Four Forces of Flight? The
read morePositive signs in offshore chartering
| Feb112019
According to the offshore support journal the offshore charter and sale and purchase market for January shows encouraging signs of activity. Lion Bulk Handling is pleased with the fact that some of our bulk handling systems on board of Platform Supply Vessels, Drilling rigs and Drill Ships are in operation. Read the complete article of the offshore support journal below. —————————————————– The charter market was hit with bad news in early 2019, as ExxonMobil cancelled its charter on seismic survey vessel RAMFORM ATLAS. RAMFORM THETYS and RAMFORM ATLAS were mobilized in early December 2018 for survey work in South America for 13 months at a value of approximately US$75M, but both vessels had been on paid standby since 23 December
read moreAnalog vs Digital Controls
| Feb052019
Analog vs Digital Most of the machinery in the cement industry is operated by a computer which will be monitored by an operator. For example a sophisticated unloader where its performance and discharge rate are influenced on the balance between an operator, valve sequence, correct pressures and process control, it is of most importance that the operator is aware of each condition and/or status of the unloader during this process. Previously we were limited to analog visualization of such process by the use of a fixed mimic process scheme, flashing bulbs, audio warnings, mechanic switches and the need of understanding the full operation and case of alarms followed by trouble shooting for fixing them. A Programmable Logic Controller (PLC) or
read more2019 is a Earth Pig Year. Happy Chinees New Year!
| Feb042019
2019 is a Year of the Pig. In Chinese astrology, each year is related to a Chinese zodiac animal according to the 12-year cycle. 2019 is an Earth Pig Year. The Pig is the twelfth of all zodiac animals. According to one myth, the Jade Emperor said the order would be decided by the order in which they arrived to his party. Pig was late because he overslept. Another story says that a wolf destroyed his house. He had to rebuild his home before he could set off. When he arrived, he was the last one and could only take twelfth place. The Pig is also associated with the Earthly Branch (地支—dì zhī) hài (亥), and the hours 9–11 in
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