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GO DEEP

Feature: Offshore Drilling: 5-Year Projection is $189B

"Over the next five years it is expected that 15,000 offshore wells will be drilled worldwide, at a total cost of some $189 billion. Of these wells nearly 4,500 will be exploratory costing $75 billion, and around 10,500 will be development, costing $114bn. It is estimated that drilling and completion expenditure in 2003 was $36 billion. Spending levels are expected to grow somewhat over the next two years and then decline slightly, stabilising at about $37 billion per year." These are among the findings of the second edition of The World Offshore Drilling Report, published by Douglas-Westwood. Going Deeper The largest change that is forecast by the energy analysts is continuing growth in deepwater drilling (over 500 m water depth) which contrasts with a long-term decline in shallow water activity. "In the last decade reductions in available shallow water drilling opportunities have been counter-balanced by increasing deepwater activity. On average around 3,000 to 3,200 offshore wells are drilled each year of which 12 percent are now in deepwaters. These are expected to increase to around 17 percent of all wells drilled in 2008, with $56bn (30 percent of the total) forecast to be spent globally on drilling and completing deepwater wells over the next five years. This is an increase from $37bn (22 percent of the total) in the previous 5-year period," said study author, Dr. Michael R. Smith of EnergyFiles Ltd.


Can O&G Drilling Methods Help Mars Exploration?

Alfred William Eustes III

As the search for oil and gas reserves continues, exploration and production activities are occurring in increasingly harsh environments and drilling is going deeper than ever before. An experienced petroleum engineer is set to explain exactly how far this could extend – namely to Mars - at a Society of Petroleum Engineers (SPE) Aberdeen presentation and dinner meeting this month. Professor Alfred William Eustes III, a petroleum engineering and drilling specialist


Port Security Takes Center Stage

The entire United States (and anyone else in the world with access to cable or for that matter any TV) has become intimately involved in what is sure to become the seminal event of our time. The World Trade Center terrorism will change all of our lives in some respect from the day of the event onward. The only question is how much our lives will be changed. Even after the current threats pass our lives will ever be altered


Total Goes Deep Off Nigeria

Total reportedly launched its second Nigerian deep water drilling project, scheduled to come on stream in 2012 and expected eventually to yield 180,000 barrels a day, according to an AFP report. The new Usan project follows Total's first Nigerian deep water investment, the Akpo field. Deep water fields are further out to sea than offshore fields in shallower waters nearer the coastline. The new field will be operated by Elf Petroleum Nigeria Limited, a Total subsidiary


Marport Opens New Office in Ottawa Area

Ottawa, Ontario – May 2, 2011 – Marport Deep Sea Technologies Inc., a leading developer of advanced sonar technology for commercial and military applications, is pleased to announce the opening of a new office in Kanata, Ontario. Known as "Silicon Valley North", Kanata boasts a strong and vibrant high tech community and is within a 20 minute drive of downtown Ottawa. The new office will provide engineering and sales support to Marport’s commercial, government


Otto Marine Clinches Australia AHTS Contracts

AHTS Go Spica: Photo Otto Marine

Otto Marine says it has clinched AUD57-million worth of charter contracts in Australia for two of its large deep water AHTS vessels. Otto Marine Limited, which owns and operates a large fleet of offshore support vessels, with shipyard and other specialized offshore services, says that it has secured time charter contracts with two oil majors for its deep water anchor handlers, GO Sirius and GO Spica. Employed in drilling and pre-lay support, the 16


Bender Delivers Vessel to Otto Candies

M/V Juanita Candies was successfully delivered to Otto Candies, Inc. The vessel immediately departed Mobile en route to Fouchon, La. to go on long-term charter to Conoco in support of their deepwater drilling program. Both Agnes Candies and Juanita Candies have gone to work on high profile, deep water drilling projects, which is exactly the kind of work they were designed to perform. Feedback from the Candies operations people confirm the vessels are performing their mission well


Nera Introduces the Nera F33

Norwegian satellite equipment provider Nera SatCom AS, together with Inmarsat, introduced the new Nera F33 product concept to the maritime market. The Nera F33 will fill the gap between the existing Inmarsat Mini-M service /Nera WorldPhone and the global Inmarsat Fleet 77 service / Nera F77. The new Nera F33 is based on the Inmarsat Fleet F33 service concept, providing the light marine market with improved data communications from equipment suitable for the demands of today’s commercial


Oil, Gas Industry Push Deeper

The oil and gas expanded the offshore drilling frontier in the Gulf of Mexico. Already one of the most explored basins in the world, the Gulf of Mexico’s deepest hydrocarbon deposits will be auctioned off later this year, the result of political maneuvering in the waning moments of the last Congress. This new area will attract interest from companies with deep pockets and lots of patience, according to industry experts.


Bureau Veritas Extends Class to Offshore Drilling Safety

BV_2006_V2.jpg

International classification society Bureau Veritas has extended its classification rules to include the items of drilling equipment which are essential for the safety of offshore drilling operations.   These rules cover well control equipment including Blow-Out Preventers, marine risers, tensioning systems, heave-compensation systems, drawworks, mud circulating systems, cementing equipment, drilling derrick and supporting structures


Ship Salvage in the Presence of WWII Era Torpedo & Mines

What began as a typical grounding response quickly turned into anything but when the initial dive survey turned up a World War II era torpedo and unexploded mines around the vessel.

T&T Salvage continues to support shipowners with prompt, safe and cost-effective solutions to complex salvage, wreck removal, and anti-pollution challenges.  A comprehensive management team, with an average of 26 years in the industry


Feds Delay LNG’s Port Ambrose Application

Port Ambrose Map:  Liberty Natural Gas, LLC

 The US Coast Guard and the US Maritime Administration (MARAD) have temporarily suspended their review of the proposed Port Ambrose deep-water LNG import terminal.   Liberty Natural Gas’s application to build the Port Ambrose deep-water port to receive LNG in the New York/New


China Unveils Action Plan on Maritime Silk Road

Map by National Development and Reform Commission

 China has unveiled the principles, framework, and cooperation priorities and mechanisms in its Maritime Silk Road initiative in a bid to enhance regional connectivity and embrace a brighter future together.   The plan consists two segments - One is centered on the Asian land mass and


US to Test 'Submarine' Drone That Can Launch from Ocean Floor

U.S. Navy photo

 USA’s Defense Advanced Research Projects Agency (DARPA) is testing a drone that can hibernate on the ocean floor for years at a time before being launched to the surface and into the air at the push of a button.    The new drones, being developed by the DARPA


Flight MH370: Latest Fugro AUV Joins the Hunt

Fugro’s new Echo Surveyor VII AUV holds the record for the deepest Hugin AUV dive. (Photo: Fugro)

Fugro took delivery of the Hugin 1000 Autonomous Underwater Vehicle (AUV), the Echo Surveyor VII, in December 2014. Depth rated to 4,500 metres, the new AUV now holds the record for the deepest Hugin AUV dive, surveying in water depths surpassing 4,200 m.


Icebreaker Returns from Antarctic Rescue

Polar Star sits on the ice in the Ross Sea near Antarctica while underway in support of Operation Deep Freeze 2015, Jan. 9, 2015. (U.S. Coast Guard photo by George Degener)

The crew of Coast Guard Cutter Polar Star, the United States’ only operational heavy icebreaker, is scheduled to return to Seattle after a 101-day Antarctic deployment Tuesday.   Polar Star’s crew departed Seattle for Operation Deep Freeze 2015


YPF Tenders for 11 Shipments of LNG

Argentina's state-controlled YPF is tendering to buy 11 shipments of liquefied natural gas (LNG), traders said on Thursday.   The traders said the tender includes six full cargoes and five partial cargoes of LNG with a shipping period between April and June.  


NAVSEA Conducts Flyaway Saturation Dive Training

U.S. Navys 40 saturation divers. Courtesy USN

For the U.S. Navy's 40 saturation divers, requalification on the Fly Away Saturation Diving System (SATFAD) here this week ensures the Navy retains its deep water recovery capability.   The Sailors train on the SATFAD system three to four times a year to retain their qualifications on the


Queen Mary 2 Skips Wellington

Image: Queen Mary 2

 Mega-cruise ship Queen Mary 2 has ditched its Wellington visit with the capital in sight on account of heavy swells caused by Cyclone Pam.   The Queen Mary 2 was due in Wellington this morning after spending time in the Marlborough Sounds


Marine News Editor's Note

Fleet Optimization is a broad term which might be described as the best practices and equipment that will make any collection of vessels more environmentally correct, economical and yes, attractive to prospective charterers. In this edition, it means whatever I say it means


Hong Kong's Clean Fuel Rules May Cost Shippinglines

Image: The Port of Hong Kong

 The bill requiring ocean going ships to switch to low sulfur fuel while at berth in Hong Kong could effectively raise the cost of shipping containers through the city.   Under the new Hong Kong Air Pollution Control (Ocean Going Vessels) (Fuel at Berth) Regulation


Maher to Invest in Prince Rupert Port Expansion

Tugs escort a container vessel to Fairview Container Terminal

  Maher Terminals Holding Corp., the operator of the Port of Prince Rupert’s Fairview Container Terminal, today announced its decision to proceed with expansion of the 7-year-old facility, increasing its container capacity by 500


Petrobras Sets Well Depth Record

mages for Sergipe-Alagoas Basin Courtesy Petrobras

  Petrobras has broken a new domestic record for exploratory drilling by reaching a water depth of 2,990 meters. This was achieved in February while drilling a well in the Moita Bonita area of Sergipe-Alagoas Basin, 92 km from the city of Aracaju.


US-built Survey Vessel Delivered to Fugro

Photo courtesy of Fugro

Newbuild shallow draft survey vessel Fugro Americas was delivered to Fugro on March 18, 2015. Built by Thoma-Sea Marine Constructors in Louisiana, with supervision by Fugro Marine Services Custom, the new vessel is designed to Fugro’s specifications


India's Coal Imports to Jump 19% in 2014/15

India's coal imports are expected to jump 19 percent to a record of about 200 million tonnes this fiscal year, Coal Secretary Anil Swarup told Reuters, as power companies add capacity to meet rising demand even as millions go without electricity.  






 
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