Top Oil and Gas Logistics Companies Worldwide
Transporting, storing and delivering products for the oil and gas industry require highly-skilled teams of professionals. Here is a look at the worl...
Transporting, storing and delivering products for the oil and gas industry require highly-skilled teams of professionals. Here is a look at the world’s top logistics companies, which service the industry by ensuring safety and security in order for oil and gas to efficiently and cost-effectively reach the end user.
ASCO is a major oil and gas logistics supplier with operations in the UK, Norway, Holland, the U.S, Canada, Trinidad, Singapore and the Caspian. The Company has been in the oil and gas logistics business for over four decades and supports some of the leading operators and service companies in the world. ASCO has more customers, in more locations, than any other provider in the world. “The DNA of this company is all about oil and gas logistics and that’s why we’re so good at what we do,” explains CEO Billy Allen.
ASCO has 1,500 highly-skilled employees worldwide, on staff 24 hours a day, seven days a week. It is imperative that its employees are capable of managing dangerous conditions in this industry. Allen says, “If you look at the range of the people we have and the skills that we offer, we can tap into a fantastic pool of talent within ASCO to tailor solutions for our clients’ needs, that experience is unparalleled within our industry.”
With an extensive client list of some of the world’s leading energy and petrochemical companies, including: Exxon, Mobil, Shell, DuPont, INVISTA, Quinn Chemicals and The Dow Chemical Company—BDP is a leading global logistics supplier. BDP International consists of a global network of wholly-owned operations, as well as joint ventures and affiliates, including BDP Project Logistics and BPD Oil and Gas Logistics. The Company, which has over four decades of experience, is a major player in the transportation and logistics industry in over 120 countries.
At the end of 2009, BDP Project Logistics opened a subsidiary company, BPD Oil and Gas Logistics Pte Ltd Incorporated in its Singapore office. Both BDP Project Logistics and parent company BDP International are highly regarded as leaders within the energy, chemical and petrochemical logistics sector. BDP supplies oil and gas companies with complete service solutions.
“Our ability to offer turnkey logistics solutions—from supply chain management of rig and FPSO new building and conversions through to the transportation of heavy-lift structures supported by our in-house transport engineering division and finally logistics support for offshore and onshore assets in operation, is what gives BDP Oil and Gas Logistics an edge over its competitors," says Martin Runshaug, commercial director of BDP Oil and Gas Logistics. "As a private family-owned company, BDP remains flexible in its management approach and agile in its decision making, enabling us to swiftly adjust to market conditions and tailor unique solutions to meet the exact needs of our clients."
In light of the current oil spill crisis in the Gulf of Mexico, logistics companies, more than ever, must be extra cautious. Runshaug says, “Oil and Gas logistics is unforgiving; it demands zealous attention to detail. With an abundance of trade, security, and HSE rules a 21st century business reality, non-compliance will be less a matter of risky business, and more like playing Russian roulette with your company’s reputation. Attention to the minutia of proper practice will be a must, or else. Enterprises involved in oil and gas production must demand accountability from their logistics providers. Now more than ever, be prudent to pick your partners carefully.”
Agility is comprised of multiple international logistics companies, called Global Integrated Logistics (GIL). The Company has over 160 year of experience, and offers its oil and gas logistics services in over 120 countries around the world. Agility has a dedicated staff of 37,000 employees that have proved to be capable of overcoming any challenges the industry is faced with, such as meeting safety and security requirements, managing oversized equipment or working in remote locations. Agility maintains over 550 offices worldwide and occupies 10 million square meters of warehousing and specialized facilities.
Agility is considered to be one of the top global service providers in the oil and gas logistics industry. The Company’s position in the market involves its personalized services. Additionally, Agility’s customer partnerships are considered its driving force. The Company also guarantees its large customer base leading services in the most challenging of environments in the world.
GAC Logistics is a major player in the oil and gas logistics business. The Company has been in existence since its doors opened in Kuwait in 1956. Today, GAC is a highly-recognized global services provider. The Company has had an ongoing strategy to expand geographically and now has over 300 offices within 40 countries around the world. GAC Group’s 9,000 employees provide logistics solutions within various industries. However, GAC Logistics subsidiary, GAC Energy focuses on both onshore and offshore shipping, logistics and marine services. The Company’s primary service locations include: Africa, the Caspian Sea, India and the Middle East, further demonstrating its worldwide presence in support of the global industry.
Ofwat allows retailers to raise prices from April
Retailers can recover a portion of excess bad debt by temporarily increasing prices from April 2022, according to an Ofwat statement.
The regulator confirmed its view that levels of bad debt costs across the business retail market are exceeding 2% of non-household revenue, thereby allowing "a temporary increase" in the maximum prices. Adjustments to price caps will apply for a minimum of two years to reduce the step changes in price that customers might experience.
Measures introduced since March 2020 to contain the spread of Covid-19 could lead to retailers facing higher levels of customer bad debt. Retailers’ abilities to respond to this are expected to be constrained by Ofwat strengthening protections for non-household customers during Covid-19 and the presence of price caps.
In April last year, Ofwat committed to provide additional regulatory protection if bad debt costs across the market exceeded 2% of non-household revenue.
Georgina Mills, Business Retail Market Director at Ofwat said: “These decisions aim to protect the interests of non-household customers in the short and longer term, including from the risk of systemic Retailer failure as the business retail market continues to feel the impacts of COVID-19. By implementing market-wide adjustments to price caps, we aim to minimise any additional costs for customers in the shorter term by promoting efficiency and supporting competition.”
There are also three areas where Ofwat has not reached definitive conclusions and is seeking further evidence and views from stakeholders:
- Pooling excess bad debt costs – Ofwat proposes that the recovery of excess bad debt costs is pooled across all non-household customers, via a uniform uplift to price caps.
- Keeping open the option of not pursuing a true up – For example if outturn bad debt costs are not materially higher than the 2% threshold.
- Undertaking the true up – If a 'true up' is required, Ofwat has set out how it expects this to work in practice.
Further consultation on the proposed adjustments to REC price caps can be expected by December.
"While it’s great that regulators are helping the industry deal with bad debt in the wake of the pandemic, raising prices only treats the symptoms. Instead, water companies should head upstream, using customer data to identify and rectify the causes of bad debt, stop it at source and help prevent it from occurring in the first place," she said.
"While recouping costs is a must, water companies shouldn’t just rely on the regulator. Data can help companies segment customers, identify and assist customers that are struggling financially, avoiding penalising the entire customer in tackling the cause of the issue."
United Utilities picks up pipeline award
A race-against-time plumbing job to connect four huge water pipes into the large Haweswater Aqueduct in Cumbria saw United Utilities awarded Utility Project of the Year by Pipeline Industries Guild.
The Hallbank project, near Kendal, was completed within a tight eight-day deadline, in a storm and during the second COVID lockdown last November – and with three hours to spare. Principal construction manager John Dawson said the project helped boost the resilience of water supplies across the North West.
“I think what made us stand out was the scale, the use of future technology and the fact that we were really just one team, working collaboratively for a common goal," he said.
Camus Energy secures $16m funding
Camus Energy, which provides advanced grid management technology, has secured $16 million in a Series A round, led by Park West Asset Management and joined by Congruent Ventures, Wave Capital and other investors, including an investor-owned utility. Camus will leverage the operating capital to expand its grid management software platform to meet growing demand from utilities across North America.
As local utilities look to save money and increase their use of clean energy by tapping into low-cost and low-carbon local resources, Camus' grid management platform provides connectivity between the utility's operations team, its grid-connected equipment and customer devices.