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NABORS OFFSHORE

Hornbeck to Acquire Sea Mar Fleet From Nabors

Hornbeck Offshore Services, Inc. announced today that it has entered into a definitive asset purchase agreement with certain affiliates of Nabors Industries Ltd. to acquire 20 offshore supply vessels and their related business for cash consideration of $186m, plus the cost of any fuel inventory on such vessels. The Sea Mar Fleet is comprised of ten 200 class DP-1 new generation OSVs and ten conventional OSVs. The Company has also agreed to purchase one 285-foot DP-2 new generation OSV currently under construction at a domestic shipyard with an anticipated fourth quarter 2008 delivery. The expected cost of this newbuild vessel, prior to allocation of construction period interest, is approximately $34.0 million, of which about $7.3 million will be paid to Nabors at closing. All of the vessels to be acquired by Hornbeck Offshore are U.S. flagged and qualify for U.S. coastwise trade under the Jones Act except for one of the conventional vessels, which is foreign-flagged. In addition, under a separate agreement and effective upon closing, Hornbeck Offshore will manage five Nabors-owned Mexican flagged vessels currently operating offshore Mexico. The Sea Mar acquisition will be funded with cash on-hand and is expected to be immediately accretive to earnings. Cash utilized for this transaction will not alter the Company's plans to fund its previously announced newbuild and conversion programs from remaining cash on-hand and


Nabors Reports Higher-Than-Expected Earnings

Nabors Industries Inc. on Thursday reported better-than-expected first-quarter earnings, propelled by a surge in demand for its drilling rig fleet and services. The Houston-based driller earned $.51 per diluted share on a quarterly record operating income of $124 million, compared with $.12 a share on $33.2 million in the year-ago quarter. Wall Street analysts polled by Thomson Financial/First Call had estimated first-quarter earnings of 45 cents a share.


Statoil Green Lights Floating Wind Farm Project

Hywind Scotland illustration (Image: Statoil)

Statoil has made the final investment decision to build the world’s first floating wind farm: The Hywind pilot park offshore Peterhead in Aberdeenshire, Scotland. The decision triggers investments of around NOK 2 billion, realizing a 60-70 percent cost reduction per MW from the Hywind demo project in Norway. Statoil will install a 30 MW wind turbine farm on floating structures at Buchan Deep, 25 kilometers offshore Peterhead


ABS Opens Office in Beijing

abs logo.jpg

ABS, a global provider of classification services to the marine and offshore industries, announces the opening of a new office in Beijing. This move shows ABS' determination in expanding best-in-class service for the Chinese market. This new office will allow further collaboration with government, industry, academic institutions and research organizations and is part of ABS' continued commitment to serving the growing marine and offshore industries in China.  


CH Offshore Charter Out Two AHTS

Singapore's CH Offshore Ltd has chartered out two AHTS vessels on long term bareboat charters to an unamed company. The charter concerns the “Amethyst”, a 2007-built 12,240 brake horsepower anchor-handling tug supply vessel and the “Turquoise”, a 2007-built 12,240 brake horsepower anchor-handling tug supply vessel, for a period of three years each, with an option to purchase at the expiration of the charter. CH offshore


ABS Nautical Systems Expands in the Middle East

ABS Nautical Systems has signed a contract with Arina Offshore (Fze) for use of its NS5 Enterprise software, marking the fourth new customer win in this region. The Dubai based company which specializes in vessel chartering and brokerage will utilize the Maintenance Manager module on one of its offshore vessels through the ABS Transfer of Class Agreement (TOCA) Initiative*. The TOCA Initiative offers free software to any vessel that transfers class into ABS.


NOSAC Meeting Scheduled for February 3

The National Offshore Safety Advisory Committee (NOSAC), sponsored by the U.S. Coast Guard, will conduct a teleconference meeting on February 3. The purpose of the meeting is to discuss the formation of a subcommittee on application of the Safety of Life at Sea (SOLAS) Convention to various types of offshore support vessels working in foreign locations. 70 Fed. Reg. 3051 Source: HK Law


Ampelmann on Jumbo Javelin

Jumbo-Javelin_web.jpg

One of Jumbo Offshore’s heavy lift & installation vessels, the DP2-ship Jumbo Javelin, is preparing to deliver installation services for offshore wind farms. It will be able to ship and install Transition Pieces (TP’s) for wind turbines. The vessel will be able to carry nine TP’s at a time, each with a weight of approx. 285 tonnes. All the TP’s can be stowed vertically in the hold of the vessel and transported to the offshore location site


Vallianz Bags US$300m Contract to Supply Two Platforms

Pic by Vallianz Holdings

 Singapore-listed Vallianz Holdings has won a contract worth up to US$300 million (S$405.51 million) to supply two self-elevating platforms to a large national oil company in the Middle East.   The contract from one of the world’s largest national oil companies involves the supply of two self-elevating platforms which will be used to perform well servicing for offshore platforms and well structures.  


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


Dassault Systèmes’ 3DEXPERIENCE Platform Extends Interoperability on Large Assets

courtesy Dassault Systèmes

Dassault Systèmes (Euronext Paris: #13065, DSY.PA), the 3DEXPERIENCE Company, world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, today announced that the 3DEXPERIENCE platform now extends the support of XMpLant with an integrated


Boskalis Bags Aberdeen Offshore Windfarm Deal

Courtesy Aberdeen Renewable Energy Group (AREG)

Royal Boskalis Westminster N.V. (Boskalis) has been appointed the preferred Offshore Balance of Plant contractor by Vattenfall for the construction of Aberdeen Offshore Wind Farm, also known as the European Offshore Wind Deployment Centre.  


Gibdock Overhauls Solstad Cutter Propulsion System

Normand Cutter at Gibdock Courtesy Gibdock

Gibraltar’s Gibdock shipyard has completed an extensive package of work on Solstad Shipping’s Normand Cutter. The 127m long, 10,979grt construction support vessel (CSV) left the yard on June 29th following a 22-day drydock programme


Enclosed Space Safety Rule Enters into Force

 A new regulation aimed at protecting seafarers who need to enter enclosed spaces, by requiring ships to carry portable atmosphere testing equipment on board, enters into force on July 1, 2016.      Seafarers may be called upon to enter enclosed spaces on ships to manage or


Solstad CSV Gets Propulsion Overhaul at Gibdock

Normand Cutter at Gibdock (Photo: Gibdock)

Gibraltar’s Gibdock shipyard has completed its scope of work on Solstad Shipping’s Normand Cutter, a 127-meter-long, 10,979grt construction support vessel (CSV) that left the yard on June 29 following a 22-day drydock program, which included an overhaul of its entire propulsion system


Offshore Oil Oscillations In West Africa

Graph: Clarksons Research

 Global excess oil supply still looks likely to average 0.5m bpd in 2016 – sufficient, it would seem, to stop oil prices rising much above $50/bbl and therefore to forestall a recovery in E&P activity and the offshore markets, Clarksons Research.  


India’s Potential in Offshore Wind Power

Image: DNV GL – Energy

 The Global Wind Energy Council (GWEC) launched a new report: “Supply Chain, Port Infrastructure and Logistics Study” for offshore wind development in the states of Gujarat and Tamil Nadu in India.    This study is a significant step forward in preparing a roadmap for


MacGregor to Equip China’s New Polar Research Ship

The new polar research vessel will be equipped with MacGregor offshore cranes and Triplex systems specifically designed for handling research equipment in extreme temperature environments (Image: MacGregor)

The Polar Research Institute of China has ordered a new 14,300gt polar research vessel. Designed by Aker Arctic Finland, it will be the first vessel of its type to be built in China, though a shipyard has yet to be named.   The 122.5-meter multifunctional icebreaker will be able to handle


Another Fugro Vessels Joins Largest SEEP-Hunting Survey

Just as hydrocarbon seepages on land have led to oil discoveries, so have seeps in the marine environment. Fugro is conducting world’s largest offshore seep-hunting survey  planned to cover approx 620000 Sq Km Image Fugro

Fugro has deployed multi-purpose offshore survey vessel Fugro Gauss to join the Fugro Brasilis offshore Mexico, to help complete the world’s largest seep-hunting survey for multiclient geoscience data company, TGS. Both Fugro vessels are using hull-mounted multibeam echosounders (12 kHz


Advanced MacGregor Technology for Polar Research Ship

The new polar research vessel will be equipped with MacGregor offshore cranes and Triplex systems specifically designed for handling research equipment in extreme temperature environments. Photo MacGregor

MacGregor, part of Cargotec, has won an order to supply MacGregor offshore cranes and a Triplex handling system for a 14,300gt polar research vessel being built for the Polar Research Institute of China. Designed by Aker Arctic Finland, it will be the first vessel of its type to be built in China;


Gas Plant Fire Halts US Gulf Coast Platforms

At least two offshore oil platforms halted operations on Tuesday in the U.S. Gulf of Mexico after a fire at a natural gas processing plant in Mississippi shut a crucial pipeline that brings output onshore, several companies said.   The fire at Enterprise Products Partners plant in


Wärtsilä, Zamakona Yards Join forces in Canary Island

Wärtsilä will offer maintenance and repair services at a new maintenance hub for marine and power plant operators in cooperation with Zamakona Yards in Las Palmas, Canary Islands. Photo Wartsila

Wärtsilä is enhancing its service offering by participating in a new maintenance hub in the Canary Islands. The facility, operated by one of Spain's biggest shipbuilding and ship repair groups, Zamakona Yards, will provide Wärtsilä's high quality service expertise to satisfy


POSH Bags Shell FLNG Contract

Photo: PACC Offshore Services Holdings Ltd.

 Singapore’s offshore marine services provider PACC Offshore Services Holdings Ltd. (POSH) has been awarded a contract to support Shell’s Prelude floating liquefied natural gas facility using its semi-submersible accommodation vessel the “POSH Arcadia”.  


Subsea 7 Announces PLSV Swap off Brazil

Subsea 7 S.A. said it has reached an agreement with Petrobras to substitute a pipelay support vessel (PLSV) working off Brazil.   The agreement will see the Subsea-7-owned PLSV Seven Mar swapped in for the chartered PLSV Normand Seven in late June.  


Ulstein Delivers for BS Offshore

Photo: Ulstein

The first of two service operation vessels (SOV) ordered in 2015 by Bernhard Schulte Offshore (BS Offshore) and its client Siemens from Ulstein Verft in is now completed, and was delivered on June 23, 2016.   The vessel is built to the ULSTEIN SX175 design, which according to Ulstein






 
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