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Agreement Signed

Statoil Inks Subsea pacts with Duo

Johan Sverdrup Field Centre - Photo Statoil

  Statoil Petroleum AS has signed Master Service Agreements with Aker Solutions ASA and OneSubsea Processing AS. The agreements signed form the basis for potential new EPC contracts (engineering, procurement and construction) for subsea equipment in the medium term future. An EPC option agreement for subsea production system (SPS) has also been signed with OneSubsea, including framework agreements for subsea operations services and subsea add-ons. Last year Statoil also signed a Master Service Agreement and an EPC contract including options for EPC project with FMC Kongsberg Subsea AS for Johan Sverdrup. “In light of the current challenges the industry is facing the suppliers have demonstrated commitment and drive to break the cost curve and enhance competitiveness. Statoil has cooperated closely with the suppliers on technology qualification, concept development and pre-engineering studies, and jointly we have delivered successful subsea projects,” says Torger Rød, vice president for projects in Statoil. The agreements signed form a good basis for future collaboration with three leading subsea suppliers, thereby simplifying collaboration in the time ahead. In today’s oil price environment, sustained focus on costs and efficiency will ultimately be the key to develop several currently marginal prospects and discoveries.


BIMCO Signs New Agreement with Coast Guard

BIMCO’s President Knud Pontoppidan and U.S. Coast Guard Rear Admiral Craig Bone signed a new partnership agreement at U.S. Coast Guard Headquarters in September 7. The agreement is aimed at enhancing the communication and working relationship between the Coast Guard and the shipping industry. The establishment of the partnership coincides with the development of BIMCO’s guide for seafarers on US Port State Control inspections


U.S. Coast Guard Commissions RINA

USCG Signing_web.jpg

Genoa-based classification society RINA has been authorized by the U.S. Coast Guard to conduct plan review and approval and initial and subsequent surveys for U.S.-flagged cargo and passenger vessels. Under the agreement signed yesterday, RINA has received delegation for Load Line, SOLAS, MARPOL, ISM, and Tonnage survey and certification services. The MOA delegating authority and establishing guidelines for co-operation between the USCG and RINA was signed at Coast Guard Headquarters in


Oil Majors Expand Far North Exploration Projects

Rosneft and ExxonMobil agree to collaborate in the search for offshore energy in the Russian Arctic & Far East,  and Alaska. The two companies have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include an additional approximately 600,000 square kilometers (150 million acres) of exploration acreage in the Russian Arctic and potential participation by Rosneft (or its affiliate) in the Point Thomson project in Alaska


Technip Awards EPIC Offshore Malaysia Contract from Petronas

Image: Technip SA

 French oilfield services provider Technip SA  said it has been awarded an engineering, procurement, installation and commissioning contract by PETRONAS Carigali Sdn Bhd or PCSB for D18 Project.    The project covers the procurement and installation of two 8” water injection flexible pipes totalling 9.5 kilometers. The flexible pipes will connect three fixed jacket platforms which form the existing D18 infrastructure offshore Sarawak, Malaysia


IMO and WCO Partner on e-Business Compendium

Image:  International Maritime Organization (IMO)

 IMO and the World Customs Organization (WCO) have signed a partnership agreement to maintain, update, publish and distribute the IMO Compendium on Facilitation and Electronic Business.    The compendium provides essential guidance and standardised forms for electronic exchange of information on cargo, passengers and crew, for ships, carriers, port authorities, customs, terminals, consignees and other parties in the supply chain.  


Tanker Delivered to KOTC

KOTC received its fourth giant oil tanker of a capacity of around 2.1 million barrels, from South Korea's Daewoo Shipbuilding and Marine Engineering Co. Al-Rigga, the last of a total of four tankers ordered from the South Korean firm carries 320,000 tons, and comes amid KOTC's (Kuwait Oil Tankers Company) second phase of plans to renew its fleet according to an agreement signed with the South Koreans in August 2008. The signing ceremony of the tanker delivery was conducted in Kuwait by KOTC's


Eni CEO Meets Rosneft CEO

Rosneft CEO Igor Sechin and Eni CEO Paolo Scaroni have met to discuss the progress of joint projects between the two companies offshore Russia in the Black Sea and Barents Sea, sanctioned in the strategic cooperation agreement signed on 25 April 2012.   The executives in charge of the two companies’ upstream, downstream and offshore projects and the CEO of Saipem were also present at the meeting. As part of the agreement, Eni and Rosneft will form joint ventures (Eni 33


ClassNK and Rio Tinto Iron Ore Sign Collaborative Agreement

Right: Mr.Yasushi Nakamura (ClassNK), Left: Mr.Warwick Smith (Rio Tinto Iron Ore)

Classification society ClassNK and Rio Tinto Iron Ore (part of the Rio Tinto Group, one of the world’s largest metal and mining companies), announced that they have signed a collaborative agreement focused on the safe carriage of iron ore. The agreement was signed at a ceremony held after a meeting of executives from both companies at the Rio Tinto Japan office on 3 December 2013. ClassNK Executive Vice President Yasushi Nakamura and Warwick Smith, Managing Director


Seacat Services Secures Burbo Bank Charter Deal

Seacat Endeavour (Photo: Seacat Services)

DONG Energy has awarded  offshore energy support vessel operator Seacat Services with the supply contract for all crew transfer services at its 258MW Burbo Bank Extension project under development in the Irish Sea. The four-vessel charter contract, with durations of three to 11 months, is the second such agreement signed between Seacat Services and DONG Energy in 2016, following the confirmation of a four-workboat construction support deal for the Race Bank Offshore Wind Farm in April


ClassNK Appoints Certified Laboratory in Japan

ClassNK Chairman and President, Koichi Fujiwara, handing over the appointment certificate to TÜV Rheinland’s Executive Vice President Products, Holger Kunz (Photo: ClassNK)

ClassNK has appointed the Global Technology Assessment Center (GTAC) of TÜV Rheinland Japan as a certified laboratory at a ceremony held at GTAC in Yokohama.   The appointment is in accordance with a worldwide partnership agreement signed in September 2015 that aims to see the two


Singapore Exchange Looks to Buy Baltic Exchange

Singapore Exchange Ltd (SGX) said it planned to offer 77.6 million pounds ($103 million) to buy London's Baltic Exchange and was seeking support from Baltic's shareholders for the deal. In a statement on Thursday, SGX said it sought to acquire from Baltic shareholders their issued ordinary


New Diving Training Ship Delivered to Tunisia

Photo: Franco Ortolani

The Tunisian government has taken delivery of a new training ship, Zarzis A710, which will support diving and security works in air and sea areas of the Mediterranean. The vessel was built by Vittoria Shipyard SpA and commissioned by the Tunisian Defense Ministry as part of the Tunisian-Italian


Sovcomflot Profits slip

Projects - The company services large-scale energy projects in Russia and abroad, including Sakhalin-1, Sakhalin-2, Prirazlomnoye, Varandey, Tangguh and Peregrino.

Reviewing the company’s financial and operating results for the first half year ended 30 June 2016, on 23 August 2016, the Executive Board of PAO Sovcomflot (“SCF Group”) noted that despite a tanker market downturn, the company was able to demonstrate strong performance and


Custom Engine Room Simulator for RAN

Photo courtesy of Kongsberg

The Commonwealth of Australia (CoA), Department of Defence has contracted Kongsberg Maritime to develop and deliver a new K-Sim Engine simulator model to the Royal Australian Navy’s HMAS Cerberus training facility located south of Melbourne, Australia


Nigeria, Equatorial Guinea Sign Maritime Security Agreement

Nigeria and Equatorial Guinea signed an agreement to establish combined patrols to bolster security in the Gulf of Guinea, which has been plagued by piracy in the last few years, a spokesman for Nigeria's president said on Wednesday.  


COSCO, Vale Ink 27-year Iron Ore Transport Pact

A ValeMax bulk carrier at the berth (File image: Vale)

China COSCO Shipping Corporation and Vale have signed a 27-year-long agreement that will see the Chinese shipping giant carry 16 million tonnes of iron ore per year for the Brazilian miner. The agreement was signed between the two companies at a ceremony in Beijing on Friday


Skangas Aquires Risavika LNG

Photo: Skangas

 Skangas, a unit of Gasum, signed a deal with Lyse Group to acquire the Risavika liquefied natural gas (LNG)production facility in Norway.    The acquisition of the Risavika production plant will strengthen Skangas’s presence in the downstream of the LNG value chain and


Canada's Ferry Sector Welcomes 2016 Budget

Serge Buy (Photo: CFOA)

With the release of today’s federal budget, Canada’s ferry sector is praising the actions taken by the government to improve fleet renewal across Canada.  This includes waiving the tariff on the importation of vessels of all sizes and making strategic investments in locations


Petrobangla, Excelerate Energy Deal for LNG terminal

Photo: Excelerate Energy Singapore Pte Ltd

 Petrobangla has signed an agreement with Excelerate Energy Singapore Pte Ltd to establish a floating storage and re-gasification unit (FSRU) at Maheshkhali to facilitate the supply of 500 mmcfd imported liquefied natural gas to the country.  


Antwerp, Montreal Ports Renew Cooperation

Renewal of agreement Photo Port of Antwerp

Yesterday during a joint trade mission in Montreal, the port authorities of Montreal and Antwerp, Belgium renewed their cooperative agreement. The first agreement, signed in March 2013, resulted in four trade missions to Montreal and Antwerp during which extensive business contacts were


UASC, Qatargas and Shell Join to Push LNG as Marine Fuel

Qatargas CEO Khalid bin Khalifa Al Thani (fifth left), United Arab Shipping Company CEO Jorn Hinge (fourth left), and Managing Director and Chairman of Qatar Shell Companies, Michiel Kool (sixth left) along with other officials after the signing ceremony. Photo: Qatargas

 Qatargas, United Arab Shipping Company (UASC) and Shell signed a Memorandum of Understanding (MoU) to explore the development of LNG as a marine fuel in the Middle East region.    This is the second such agreement signed by Qatargas and Shell in as many months and establishes


Oman Signs Pacts with Ship Classification Bodies

Photo:  Ministry of Transport and Communications

 Oman’s Ministry of Transport and Communications (MoTC) has signed agreements with three ship classification societies for small ships that do not abide by international treaties, said a report in Times of Oman.   The agreements were signed with the British (Lloyds Register of


Singapore Exchange, Baltic Exchange Continue Transaction Talks

Singapore Exchange (SGX) has agreed with the Baltic Exchange Limited (Baltic Exchange) to extend the period of exclusive discussions regarding a cash offer for 100 percent of the share capital of the Baltic Exchange (Transaction) from June 30, 2016 to August  31, 2016.  


Broadband Upgrade for MSC Cruises

Photo: MSC Crusies

Intelsat S.A. has been selected by Marlink to deliver fast, high quality Intelsat EpicNG broadband connectivity to Mediterranean Shipping Company’s (MSC) cruise ships. At the end of May, MSC Cruises began to apply EpicNG’s high throughput connectivity aboard the MSC Divina






 
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