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ABDON CALLAIS OFFSHORE

“Moratorium” is a Four Letter Word

While ten letters in all, “moratorium” might as well be the foulest four-letter word in the Gulf of Mexico oil patch right now. On May 27, the Obama Administration ordered a halt to drilling in water depths more than 500 feet, effectively cancelling 33 drilling projects and reversing a tide of industry optimism in the region. Bill Foret, president of Golden Meadow, La.-based Abdon Callais Offshore LLC, said the company could have placed 50 OSVs to work on April 19 — a day before BP’s Deepwater Horizon explosion, which killed 11 crew members and set off a gusher of crude 5,000 feet below the Gulf’s surface for more than 80 days. “The OSV market was showing signs of improving,” Foret said. “And OSVs of all sizes were in high demand.” Kurt Crosby, CEO of Crosby Tugs Inc., based in Golden Meadow, La., agreed. “Things were looking good before this incident,” Crosby said. “Obama had approved drilling in the Eastern Gulf, off the East Coast and Alaska. Things were looking really positive. Now, it’s just uneasy and unsure. We don’t know what will happen next.” More than 100 days after the explosion, BP has capped the well and hopes to kill it for good. However, what many industry watchers call an overarching political stunt by the Obama Administration threatens an entire industry


Offshore Wind Energy Health & Safety Summit Planned

Offshore Wind Health and Safety Summit 2012 to consider how to ensure workers safety in this hazardous industry. The European offshore wind industry is growing exponentially. In the first half of 2012 alone offshore wind power was up 50% on the previous year; 523.2 MW compared to 348.1 MW. EWEA predict that 2012 will be the best ever year for the industry. Along with this installed capacity, 13 offshore wind farms were in construction in the first half of this year.


Operational Management Program for Offshore Industry

ABS Nautical Systems LLC has released a new version of its advanced ABS SafeNet operational and management system software, developed to meet the needs of the offshore industry. The new system has been released as ABS SafeNet Offshore. ABS SafeNet Offshore is equally applicable to mobile and fixed units, to ship shaped drilling and production units, to spars, TLPs, semisubmersibles and platforms. "This is a very flexible program," says Jack Kitchura, president of ABS Nautical Systems


India’s Shipping Companies Look to Offshore Investments

With the boom in the oil and gas exploration sector, fueled by the recent awarding of new blocks under NELP VI, Indian shipping companies are tanking up to sharpen their focus on the offshore segment. Only last month, Oil and Natural Gas Corporation (ONGC) came out with a tender for chartering of around 26 offshore supply vessels, with mobilization requirement up to the third week of November. Shipping companies such as Great Eastern Shipping


Stolt Offshore To Settle Share Guarantee

Stolt Offshore S.A. announced that, as expected, Vinci, the owner of the 6.1 million Stolt Offshore Common shares issued as partial compensation in the ETPM acquisition in December 1999, has advised Stolt Offshore of its intention to sell all of its Stolt Offshore shares as permitted by the ETPM acquisition agreement. Stolt Offshore has in turn advised Vinci that Stolt Offshore will organize this sale. As advised in our November 26th 2001 press


Kongsberg Complete J-lay DP3 Vessel Automation Retrofit

Saipem 7000 Crane Vessel: Photo credit Kongsberg Maritime

Kongsberg Maritime has completed the installation and commissioning of an integrated bridge and automation solution during a large-scale retrofit of the Saipem 7000, an advanced Semi-submersible crane and pipelaying (J-lay) DP3 vessel. The Saipem 7000 retrofit was a ‘Full Picture’ project for Kongsberg Maritime, which featured replacement of several key systems including Automation, Thruster control, Dynamic Positioning, Ballast control and Integrated Bridge System


Offshore:Offshore SCORE Drops in November

GlobalSantaFe Corp. reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for November 2002 was down from the previous month's SCORE by 1.0 percent. GlobalSantaFe President and CEO Sted Garber said, "Worldwide SCORE was essentially flat in November. SCORE in the various international markets continues to fluctuate. The offshore drilling rig market will likely be in a holding pattern until operators' 2003 exploration and production budgets provide


MacGREGOR Forms Offshore Division

The MacGREGOR Group recently unveiled details of its new offshore division, a division made possible by the recent acquisitions of Hydramarine in Norway and Plimsoll in Singapore. The Offshore division will comprise more than 660 employees: 160 in Norway and 500 in Asia. In 2006, Hydramarine and Plimsoll had a combined turnover of approximately €104 million and a order backlog of €175 million. Both Hydramarine and Plimsoll are financially consolidated into the MacGREGOR Group as of April


Remedial Offshore Pics Power for Unique Offshore Vessel

Remedial Offshore announced the purchase of V228 medium-speed diesel engines from GE Marine to power the new Remedial Offshore Elevating Support Vessels (ESVs). Reportedly the world’s first self-propelled, 325-foot nominal water depth-rated jack-up well intervention vessel, Remedial Offhore’s ESV design provides a hybrid between a jack-up drilling rig and a marine vessel. The new ESV concept offers versatility and operational functionality


ABS to Class Newbuild Jackups for Petrobras

ABS has been selected to class the first newbuild jackups for Petrobras in 25 years.  The Brazilian energy giant has ordered two LeTourneau Technologies Inc. (LTI) Super S116E design jackups.  The sister units, to be named Petrobras 59 and Petrobras 60, will be built at São Roque do Paraguaçu, Bahia, Brazil, by Consórcio Rio Paraguaçu. This consortium is composed by three major Brazilian contractors, Oderbrecht, Queiroz Galvão and UTC


Offshore Service Vessels Design Innovation

PSV World Sapphire from Damen (Photo courtesy Damen)

It could be argued that no other sector of the maritime market has experienced a design innovation revolution quite like the Offshore Service Vessel (OSV) market. Driven by demands to supply people, gear and goods to offshore installations that are increasingly further from shore in deeper waters


Maritime Reporter @ 75: The Daily Cartoon

© New Wave Media

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners


Havyard to Build Hybrid Battery Arctic PSV

Arctic PSV rendering courtesy of Havyard

Norway's Havyard says it has signed a contract for the construction of a Havyard 833 WE ICE platform supply vessel with Fafnir Offshore HF. The vessel is to be designed by Havyard Design and Solutions in Fosnavaag & will be constructed at Havyard Ship Technology`s yard in Leirvik in Sogn


Russia Ships First Oil From Offshore Arctic Platform

(Image: http://media.gazprom-neft.com)

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.   Gazprom Neft, the oil arm of Russia's top gas producer Gazprom, shipped the first 70


Maritime Reporter @ 75: The Daily Cartoon

© New Wave Media

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners


GoM Drill Rig Damaged, Coast Guard Monitoring

ENSCO 8506: Photo courtesy of Keppel

The U.S. Coast Guard (USCG) is overseeing response efforts, as the offshore drilling rig ENSCO 8506 began taking sea-water into a ballast tank after being hit by a large wave in heavy seas more than 100 miles south of Galveston. The ballast tank is located in one of the rig's column ballast


Topaz secures another West Africa contract

Topaz-faye DP2 platform

Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, today announced a new contract win for its fast growing West Africa operation. Under the terms of the US$ 11 million agreement


South Stream Gas Pipeline Re-route via Turkey Possible

Pipe No.1: Photo Gazprom

Turkish Energy Minister Taner Yildiz said on Wednesday that Ankara would consider the passage of the South Stream natural gas pipeline through Turkey if Russia made such a request. The future of the 2400 km (1,490 mile) line from Russia via the Black Sea to Europe, avoiding Ukraine


Keppel Q1 Profits Dip Slightly

Maersk Intrepid was delivered by Keppel in Q1 2014 (Photo courtesy Maersk)

The Keppel Corporation released its limited unaudited results for the first quarter ending March31, 2014, reporting a 5% decrease in net profits to S$339 million compared to Q1 2013's S$357 million, though the company attributed the decline to one-off gains from the reversal of provision from the


Maritime Reporter @ 75: The Daily Cartoon

© New Wave Media

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners


Offshore Driller Noble Corp Q1 Earnings Beat Forecasts

Noble Corp., a leading offshore driller, reported first-quarter net income on Wednesday of $0.99 a share, higher than consensus forecasts, as new rigs helped lift revenues. ThomsonReuters I/B/E/S had forecast earnings of 70 cents a share or 82 cents a share excluding special items.


BOEM gives more time to submit plans OCS

The Bureau of Ocean Energy Management (BOEM) announced today the publication of its Final Rule to extend time requirements for submitting a Site Assessment Plan (SAP) or a General Activities Plan (GAP) for renewable energy development on the Outer Continental Shelf (OCS).


POSH may raise $311 Mln in Singapore IPO

PACC Offshore Services Holdings (POSH) could raise at least S$388.27 million ($311 million) after pricing its initial public offering near the bottom of the pricing range indicated earlier, two sources with knowledge of the matter said.


POSH raises $311m in Singapore IPO

Image: POSH file photo

POSH prices IPO at S$1.15 per share, near bottom of indicative range. POSH focuses on service to production, maintenance and is keen on growing offshore accommodation business. PACC Offshore Services Holdings (POSH) could raise at least S$388


Offshore: Seacor Raises the Bar Again

(Courtesy SEACOR Marine)

Long acknowledged as a firm to watch in U.S. crewboat and fast supply boat innovation, Seacor Marine will be attracting industry attention once again when its latest set of new boats begin delivery in 2014. While this new class of mono-hull boats have some big dimensions


 
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