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OFFSHORE ENGINEERING

Singapore's Marine & Offshore Sector Powering Output

File photo

Singapore's first-quarter growth could be revised higher after data on Friday showed unexpectedly strong industrial output in March, double the pace of market expectations, with output in marine and offshore engineering +45.1% y/y. Manufacturing output in March surged 12.1 percent from a year earlier, far exceeding expectations in a Reuters poll for growth of 6.3 percent. Output rose 6.1 percent on a month-on-month, seasonally adjusted basis, quicker than the median forecast of 1.5 percent. The jump in manufacturing output was stronger than what was implied by the government's advance estimate of first-quarter gross domestic product (GDP) released Marine And Offshore Engineering Helping to drive the surprising strength in industrial production was a surge in output in the marine and offshore engineering segment, which jumped 45.1 percent year-on-year. The rise came as work on several rig and ship building projects played a part in the jump in output from those sectors, the Singapore Economic Development Board said. (By Masayuki Kitano)  


DNV Greater China Offshore Committee

Zhou Shouwei, Vice General Manager of CNOOC (China National Offshore Oil Corporation) and Academician of the Chinese Academy of Engineering accepted DNV’s invitation to be the chairman of the DNV Greater China Offshore Committee. The DNV Offshore Committee is the first of its kind to be organized by a classification society in China. “The objective of establishing this committee is to create a forum where senior executives from the Chinese offshore industry can meet to exchange


Petrobras Standardizes on Intergraph 3D Technology

The world’s eighth largest oil company and a longtime Intergraph customer, Petrobras will completely adopt SmartPlant® 3D modeling and visualization, engineering and schematics, information and materials management, and project controls solutions to enable Petrobras to develop, operate and maintain its fixed offshore drilling platforms, semi-submersibles and FPSOs. Petrobras has already used Intergraph solutions for 10 FPSOs, four semisubmersible floating production platforms


Reeve's Joins Robert Allan Ltd

Robert Allan Ltd. announced that Henry Reeve, P.E. (BASc, UBC Mech 95, Masters, NA and Offshore Engineering, Berkley ’97) has joined Robert Allan Ltd. as a Senior Naval Architect. Reeve’s areas of expertise include hydrodynamics and motions, mooring, resistance predictions, stability (ship and offshore), model testing, CFD analysis, regulatory and classification issues, and vessel survey.  He has worked on the naval architecture aspects of CNG and LNG Terminals and Ships


DPS Offshore is now Forum Subsea Rentals

Forum Energy Technologies, Inc. (NYSE: FET) recently announced the rebrand of its DPS Offshore product line to be known as Forum Subsea Rentals. With an extensive inventory of the most advanced subsea rental products, Forum Subsea Rentals is recognized as one of the global leaders within the industry. Supported by a dedicated team of experienced technicians and offshore engineers, Forum Subsea Rentals services both existing and new clients from key locations in Aberdeen, Great Yarmouth, Houston


China Shipbuilding Industry Midgets Reigned In

China shipyard: File photo CCL

China signaled that it will cut its vast shipyard army to get industrial growth back on a healthy track this year, as its earning ability falters amid cheap vessel prices, blind expansion and speculation in the shipbuilding sector, according to Xinhua. China will drastically curb the number of shipyards, docks, berths and maintenance facilities it opens, reports Xinhua, citing Li Dong, deputy director-general at the department of equipment industry at the Ministry of Industry and Information


McDermott in JV with China Shipbuilding

McDermott International Inc said that a subsidiary of group company J Ray McDermott has set up a joint venture with a unit of state-owned China Shipbuilding Industry Corp. The joint venture - Qingdao McDermott Wuchuan Offshore Engineering Co Ltd - plans to establish a facility in Qingdao, in eastern China's Shandong province. The new company plans to focus on the construction of floating production, storage and off-loading (FPSO) vessels, US-listed McDermott said in a statement


Rolls-Royce for Offshore Vessel Upgrade

Rolls-Royce has received an order worth over $20m to supply diesel generator sets and thrusters to Houston-based offshore engineering and construction company J. Ray McDermott. The order, which includes six underwater mountable azimuth thrusters and four Bergen generator sets, is being supplied as part of a major upgrade to the customer’s specialist offshore vessel, Derrick Barge 50 (DB50). The heavy-lift derrick and pipe laying vessel is based in the Gulf of Mexico.


China Marine Services: New Research & Markets Report

This new offering  'Marine Services in China' from Research and Markets covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. The Marine Services industry in China comprises establishments that provide a wide range of specialized marine and offshore services, including marine management, marine evaluation, marine and polar expeditions, marine weather forecasting, marine pollution control and other marine services


Sheen Named ICG Managing Director

Andrew Sheen (Photo: ICG)

Andrew Sheen has been appointed by the Irish Continental Group (ICG) to the position of Managing Director of its Irish Ferries division.    Sheen will assume his new role with effect from the beginning of April, reporting to ICG’s CEO, Eamonn Rothwell.   Operations Director since 2012, Sheen has been involved in shipping for over 26 years, 10 of them with Irish Ferries - first as a sea-going Chief Engineer and, since 2010, in shore-based operations roles


Energy Sector Volatility Affects Middle Market M&A Activity

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Market volatility for the petroleum sector provides a backdrop to an evolving Merger & Acquisitions environment for the Offshore Sector. In the 3Q edition of Maritime Professional, this series of articles examined the overall evolution of maritime and offshore M&A activity since 2010


McDermott Completes Pemex Compression Module

McDermott’s China Joint Venture fabricates process module for fast-track delivery to Mexico_HR

McDermott International, Inc. announced today that one of its joint venture companies, Qingdao McDermott Wuchuan Offshore Engineering Co. Ltd. (“QMW”), recently completed a fast-track compression process module fabrication subcontract for Jord Oil & Gas Systems B.V


Semco Maritime Expands in Houston

Photo courtesy of Semco Maritime

Rig upgrade and repair specialist Semco Maritime opens new Houston office on January 23, offering services for rig customers in Canada, Gulf of Mexico and Brazil.   Project management and offshore engineering company Semco Maritime is now opening a new, larger office in Houston


Gail Scraps $7-billion LNG Ship Tender

Image: GAIL (India) Limited.

 Gail India Ltd has scrapped a tender that would have led to the construction of three massive liquefied natural gas (LNG) carriers at Indian shipyards.     After postponing tender deadline thrice and also one year later, state-owned gas utility GAIL India Ltd has not found any


Bogazici Of Turkey Deliver Amapola 1

Amapola 1

  BOGAZICI A.S. of Turkey have recently delivered Amapola 1, the first Robert Allan Ltd. designed RAstar 3000 tug, to International Offshore Engineering and Development Company, Panama for PDVSA of Venezuela. This new design rounds out the RAstar family of Terminal / Escort tugs


Norway's Kvaerner and China's COOEC form Joint Venture

China Offshore Oil Engineering Company (COOEC) and Norway's Kvaerner are setting up a joint venture in China to conduct oil engineering projects worldwide in the second international cooperation deal for the Chinese firm in six months. In December last year COOEC set up a joint venture with


China Studies Floating Gas Plants for South China Sea

Photo: CNOOC

Chinese energy giant CNOOC Group is studying the possibility of building a multibillion-dollar floating liquefied natural gas (FLNG) vessel, as-yet untried technology that would likely be used to produce gas from the deep waters of the South China Sea.


Korea Pledges Full Supports for Shipyards

Korean shipbuilding and offshore plant industry to get full support

  Yoon Sang-Jick, Minister of Trade, Industry, and Energy (MOTIE) of Korea, held a meeting to check pending issues faced by Korean shipbuilding and offshore plant industry at Seoul Palace Hotel recently. The meeting was intended to examine current status of overseas and home industry and


Honghua Group Wins Rig Contract from Orion

Zhang Mi, Chairman & President of Honghua Group

  Chinese rig builder Honghua Group has been awarded a contract by Orion Engineering and Management Ltd  to build a semi-submersible drilling rig, with options to build three more. According to a statement released by Honghua, the rig deal worth US$320 million was signed by its offshore


RDS Wins Engineering and Design Contract for Sea Lion

Rig design and engineering specialist RDS has been awarded a front-end engineering design (FEED) contract by AMEC for Premier Oil’s Sea Lion development in the North Falklands Basin. RDS is the rig design and engineering subsidiary of international drilling and engineering contractor


MARIN Forms 'Maritime Cluster' Facility

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Maritime Research Institute Netherlands (MARIN) announced the formal investment of 2 million Euros in a large and fast Bull computer cluster (4000 computational cores). This supercomputer complements MARIN’s extensive model basins, simulators and full-scale monitoring tools.


Aker Solutions Starts Trading After Company Split

The split creates a simpler and more focused Aker Solutions that is better positioned to meet the needs of customers in an increasingly competitive global energy industry

  Aker Solutions today started trading on the Oslo stock exchange as a leaner and more streamlined company that will build on its strengths in the subsea and field design markets. The company emerges after a spin-off of the Subsea, Umbilicals, Engineering and Maintenance


Saipem Bags $750m E&C Contracts in Gulf of Mexico

Umberto Vergine, Saipem CEO,

  Saipem has been awarded new offshore Engineering & Construction contracts in the Gulf of Mexico, for a total amount of approximately $750 million. Pemex has awarded Saipem an EPCI contract for the development of the Lakach field


James Fisher Opens Offshore Vessel for Tours

Dart Fisher (Photo courtesy of James Fisher)

James Fisher Marine Services Ltd (JFMS), and Fendercare Marine, both subsidiaries of James Fisher and Sons plc (JFS), held an open day to demonstrate the capability of their shoreside support base and the offshore support vessel, the Dart Fisher.


Deepwater Semi-Sub COSL Prospector Delivered

COSL Prospector

COSLProspector, the fourth deep-water semi-submersible drilling rig built by CIMC Raffles for China Oilfield Services Limited (COSL), has been delivered in Yantai, Shandong Province. It represents another milestone for China’s deep-water drilling rig going into the global mainstream market






 
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