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[1] Bray, D., DP Operator’s Handbook, 2nd edn., The Nautical Institute: London, 2015.
[2] Vinnem, J., Offshore Risk Assessment, 3rd edn. Springer: London, 2014.
[3] International Maritime Organisation, International Convention on Standards of Train- ing, Certification and Watchkeeping for Seafarers (STCW), 2011.
[4] International Maritime Organisation, Maritime safety committee, Guidelines for Dynamic Positioning System (DP) Operator Training, 2017.
[5] International Marine Contractors Association, The Training and Experience of Key DP Personnel, Revised 2, 2016.
[6] The Nautical Institute, Dynamic Positioning Operator’s Certificate, January 2012.
[7] The Nautical Institute, Dynamic Positioning Operator’s Training and Certification Scheme, December 2014.
[8] The Nautical Institute, NI Accredited DP Training Centres, March 2019.
[9] Kilian, L., Oil price shocks: Causes and consequences. Annual Review of Resource Economics, 6(1), pp. 133–154, 2014. 083013-114701 [Crossref]
[10] Kilian, L. & Vigfusson, R.J., The role of oil price shocks in causing us recessions. Journal of Money, Credit and Banking, 49(8), pp. 1747–1776, December 2017. https:// doi.org/10.1111/jmcb.12430
[11] Jornsten, K., Sequencing offshore oil and gas-fields under uncertainty. European Journal of Operational Research, 58(2), pp. 191–201, April 1992. https://doi. org/10.1016/0377-2217(92)90206-O
[12] Seabrokers Ltd., Seabreeze, Aberdeen, 2012–2015.
[13] Seabrokers Ltd., Seabreeze, Aberdeen, October 2015.
[14] Seabrokers Ltd, Seabreeze, Aberdeen, January 2015.
[15] Spot prices for Crude Oil and Petroleum Products, U.S. energy information administration. http://www.eia.gov/dnav/pet/pet_pri_spt_s1_d.htm (accessed 2 January 2017).
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Open Access
Research article

Influence of Oil Prices in Dynamic Positioning Training

zaloa sanchez-varela1,
david boullosa-falces2,
juan l. larrabe-barrena2,
miguel a. gómez-solaeche2
1
University of Split, Faculty of Maritime Studies, Croatia
2
Bilbao School of Engineering, University of the Basque Country UPV/EHU, Spain
International Journal of Energy Production and Management
|
Volume 4, Issue 3, 2019
|
Pages 255-265
Received: N/A,
Revised: N/A,
Accepted: N/A,
Available online: N/A
View Full Article|Download PDF

Abstract:

The main purpose of this research is to present the influence of the oil price drop in the offshore training industry and the actions taken to minimise this effect. In particular, data corresponding to the Offshore Dynamic Positioning (DP) training and certification scheme by the Nautical Institute were used for the research. Since the oil price began to drop by the end of 2014, the oil and gas industry had to make some readjustments to keep the profits and continue in the business. The offshore DP training was affected by this crisis in two ways: the number of candidates starting the certification scheme dropped significantly; and on the other hand, candidates who had already begun the scheme were unable to complete the required number of days to be able to access the DP Simulator course, or for obtaining the DP Opera- tor certificate. During this period, the training and certification scheme has undergone some changes to adapt to the new situation and to try to resolve the problems mentioned above. The analysis of the data shows that the effect of the oil price drop was not initially affecting the training but only began to show the consequences after some months.

Keywords: Dynamic positioning, Offshore, Oil crisis

1. Introduction

2. Methodology

3. Results

4. Discussion

5. Conclusions

Data Availability

The data used to support the findings of this study are available from the corresponding author upon request.

Acknowledgments

The authors would like to thank The Nautical Institute for the data and support received; the Training Centre who disinterestedly provided the data for this study; and the technical support from Mr Jordi Olle from Conceptos Claros.

Conflicts of Interest

The authors declare that they have no conflicts of interest.

References
[1] Bray, D., DP Operator’s Handbook, 2nd edn., The Nautical Institute: London, 2015.
[2] Vinnem, J., Offshore Risk Assessment, 3rd edn. Springer: London, 2014.
[3] International Maritime Organisation, International Convention on Standards of Train- ing, Certification and Watchkeeping for Seafarers (STCW), 2011.
[4] International Maritime Organisation, Maritime safety committee, Guidelines for Dynamic Positioning System (DP) Operator Training, 2017.
[5] International Marine Contractors Association, The Training and Experience of Key DP Personnel, Revised 2, 2016.
[6] The Nautical Institute, Dynamic Positioning Operator’s Certificate, January 2012.
[7] The Nautical Institute, Dynamic Positioning Operator’s Training and Certification Scheme, December 2014.
[8] The Nautical Institute, NI Accredited DP Training Centres, March 2019.
[9] Kilian, L., Oil price shocks: Causes and consequences. Annual Review of Resource Economics, 6(1), pp. 133–154, 2014. 083013-114701 [Crossref]
[10] Kilian, L. & Vigfusson, R.J., The role of oil price shocks in causing us recessions. Journal of Money, Credit and Banking, 49(8), pp. 1747–1776, December 2017. https:// doi.org/10.1111/jmcb.12430
[11] Jornsten, K., Sequencing offshore oil and gas-fields under uncertainty. European Journal of Operational Research, 58(2), pp. 191–201, April 1992. https://doi. org/10.1016/0377-2217(92)90206-O
[12] Seabrokers Ltd., Seabreeze, Aberdeen, 2012–2015.
[13] Seabrokers Ltd., Seabreeze, Aberdeen, October 2015.
[14] Seabrokers Ltd, Seabreeze, Aberdeen, January 2015.
[15] Spot prices for Crude Oil and Petroleum Products, U.S. energy information administration. http://www.eia.gov/dnav/pet/pet_pri_spt_s1_d.htm (accessed 2 January 2017).
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Sanchez-varela, Z., Boullosa-falces, D., Larrabe-barrena, J. L., & Gómez-solaeche, M. A. (2019). Influence of Oil Prices in Dynamic Positioning Training. Int. J. Energy Prod. Manag., 4(3), 255-265. https://doi.org/10.2495/EQ-V4-N3-255-265
Z. Sanchez-varela, D. Boullosa-falces, J. L. Larrabe-barrena, and M. A. Gómez-solaeche, "Influence of Oil Prices in Dynamic Positioning Training," Int. J. Energy Prod. Manag., vol. 4, no. 3, pp. 255-265, 2019. https://doi.org/10.2495/EQ-V4-N3-255-265
@research-article{Sanchez-varela2019InfluenceOO,
title={Influence of Oil Prices in Dynamic Positioning Training},
author={Zaloa Sanchez-Varela and David Boullosa-Falces and Juan L. Larrabe-Barrena and Miguel A. GóMez-Solaeche},
journal={International Journal of Energy Production and Management},
year={2019},
page={255-265},
doi={https://doi.org/10.2495/EQ-V4-N3-255-265}
}
Zaloa Sanchez-Varela, et al. "Influence of Oil Prices in Dynamic Positioning Training." International Journal of Energy Production and Management, v 4, pp 255-265. doi: https://doi.org/10.2495/EQ-V4-N3-255-265
Zaloa Sanchez-Varela, David Boullosa-Falces, Juan L. Larrabe-Barrena and Miguel A. GóMez-Solaeche. "Influence of Oil Prices in Dynamic Positioning Training." International Journal of Energy Production and Management, 4, (2019): 255-265. doi: https://doi.org/10.2495/EQ-V4-N3-255-265
Sanchez-varela Z.， Boullosa-falces D.， Larrabe-barrena J. L.， et al. Influence of Oil Prices in Dynamic Positioning Training[J]. International Journal of Energy Production and Management， 2019， 4(3)： 255-265. https://doi.org/10.2495/EQ-V4-N3-255-265