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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 O&G: Cuts, Delays in Norway as Costs Soar

Home: http://www.npd.no/en/Publications/Facts/Facts-2012/Preface1/

More oil and gas projects in Norway could be put on hold because of rising costs, adding to a growing list of developments that have been delayed or called off, Bente Nyland, the head of the Norwegian Petroleum Directorate said on Thursday.


Diamond Offshore Shares on the Rise

Photo courtesy Diamond Offshore

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices, sending its shares up as much as 10.5 percent. The company - owned 50


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


Oceanteam Financial Transformation Aids 2013 Business

Image courtesy of Oceanteam

Diversified offshore shipping company Oceanteam's CEO, Haico Halbesma, writes in the Annual Report 2013 that it was a year of consolidation and operational focus for Oceanteam Shipping ASA. Exerpts from his letter to shareholders follow: "In addition


Enel Applies To Explore For Oil And Gas In Greece

Enel

  Italy's Enel has sought permission to explore for oil and gas in Greece, the Greek government said on Tuesday. Enel has expressed interest in three onshore areas in the western part of the country, Greece's energy ministry said


UK Subsidises 8 Renewable Energy Contracts

Wind farm file photo

The British government on Wednesday awarded investment contracts under a new subsidy regime to eight renewable energy projects, including five offshore wind farms and three biomass plants. The projects together are worth 12 billion pounds ($20 billion) and will support 8


CMM Takes Delivery of Damen PSV for Brazil

Photo courtesy of Damen

New supplier CMM Gravity to start on long-term contract with Petrobras. CMM has taken delivery of a Damen Platform Supply Vessel 3300. The 80-meter, 3,300t deadweight vessel CMM Gravity will be deployed in the Brazilian waters from June 2014 on a 4+4 year contract with Petrobras.


C-MAR's Modern Approach to DP Training in Brazil

Mauricio Santos, C-MAR Country Manager at the Rio de Janeiro training center.

The modern offshore maritime industry heavily relies on different classes of DP vessels, from OSVs to Drillships and Tankers, almost all vessels serving the oil and gas industry need to be DP capable in order to safely operate offshore. The massive growth experienced in Brazil due to the uncorking


Offshore Oil & Gas: Brazil’s Northern Frontier

Seismic Streamer MV Oceanic Endeavour. Photo: Michel Floch

In an effort to spread out oil and gas production to other parts of the country and increase overall oil production, Brazil has finally intensified hydrocarbon exploration along its northeastern and northern coasts. These are some of the poorest regions in the country and infrastructure for oil


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


Atkins Gain Maersk Oil Engineering Contract

Mark Wood: Photo Atkins

Design, engineering and project management consultancy Atkins, says it has been awarded an engineering support contract covering three of Maersk Oil’s UK assets in the North Sea.   The Gryphon FPSO, Global Producer III FPSO and Janice FPU are planned for major offshore inspection


GulfMark Offshore Records its Highest Ever Q1 Revenue

GulfMark OSV: Image credit the owners

Houston-based GulfMark Offshore President & CEO Quintin Kneen commented on his company's first quarter 2014 financial report: "We recorded our highest first quarter revenue ever, and we still expect 2014 to produce our highest annual revenue ever."


Diamond Offshore profit falls as rig demand softens

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a 17 percent drop in quarterly profit as demand fell for rigs used in deep water drilling. Contract drillers face a tough year as vessels ordered during boom times are delivered just as energy


Fincantieri Offshore Chooses AVEVA Software

Fincantieri Offshore is using AVEVA Marine software in the concept design phase of Proxima.

One of the world’s largest shipbuilders uses AVEVA software to design next-generation drillship. Fincantieri Offshore has signed a contract with AVEVA to implement AVEVA Marine software in the concept design phase of Proxima, a major offshore drillship project


HHI to Deploy 3DEXPERIENCE Design Platform

Hyundai Heavy Industries Selects Marine & Offshore Industry Solution Experiences for Design and Engineering of Offshore Structures Dassault Systèmes, the 3DEXPERIENCE Company, a company in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions


 
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