Shell and its joint venture announce the start of oil production from the third phase of the deep-water Parque das Conchas (BC-10) development in Brazil's Campos Basin. Production for this final phase of the project is expected to add up to 20,000 barrels of oil equivalent per day (boe/d) at peak production, from fields that have already produced more than 100-million barrels since 2009. "The safe, early delivery of this production is a testament to the efficiency of our deep-water project execution," said Wael Sawan, Executive Vice-President, Deep Water, Shell. "With this phased project, we have again demonstrated value from standardization, synergies from contractual relationships, and the strategic deployment of new technologies. These barrels, like other subsea tieback opportunities across our deep-water portfolio, have development cost advantages and will contribute to the strong production growth we expect from offshore Brazil." Shell is a leader in deep water with a strong development pipeline following last month's completion of the BG combination, across offshore Brazil, the U.S. Gulf of Mexico, Nigeria, and Malaysia. Operated by Shell (50%) and owned together with ONGC (27%) and QPI (23%), Parque das Conchas Phase 3 comprises five producing wells in two Campos Basin fields (Massa and O-South) and two water-injection wells
CNOOC Ltd.’s unlisted parent company plans to start deep water oil and gas exploration in the South China Sea with Canada's Husky Energy Inc. next year, according to AP report. If the scheduled exploration finds sizable reserves in a bloc in the South China Sea about 185 miles south of Hong Kong, it will be China's first deep water oil and gas field. CNOOC's parent company is currently restricted to pumping oil and gas offshore at no deeper than 350 m
Sonardyne International has announced the launch of an Automatic Leak Detection Sonar (ALDS) at the Oceanology International Exhibition and Conference in London. The Sonardyne product is an active sonar capable of detecting and localizing deep water hydrocarbon leaks around offshore installations and pipelines soon after they develop, allowing operators to respond immediately and accurately in the case of a leak.ALDS is designed to detect oil and gas leaks at significant ranges
China will build its own deep water oil exploration fleet in three to four years. The fleet will be able to work in deep waters all over the world, except for the north pole. China's Offshore Oil Company has launched the strategy for building such a fleet. The company's spokesman, Liu Junshan, said one of their future targets would be deep sea oil exploration. They will invest up to $1.33b in the construction of modern equipment for deep sea drilling, a laboratory, and a working fleet
DryShips Inc. (NASDAQ: DRYS) announced that its 78% owned subsidiary Ocean Rig UDW Inc. took delivery of its newbuilding drillship, the Ocean Rig Corcovado. The Ocean Rig Corcovado is the first to be delivered of the four sister drillship vessels that are being constructed at Samsung Heavy Industries. The construction of all vessels is progressing well and according to schedule. The vessels are sixth generation advanced capability ultra-deep water drillships
DNV has developed a new pipeline concept, called X-Stream, that can significantly reduce the cost of a deep- and ultra-deepwater gas pipeline while still complying with the strictest safety and integrity regime. X-Stream is based on established and field-proven technologies which have been innovatively arranged. X-Stream can reduce both the pipeline wall thickness and time spent on welding and installation compared to deep-water gas pipelines currently in operation
High oil prices will drive oil & gas industry spends on offshore drilling to a total of $380b over the five year period to 2012; a rise of nearly 60% in comparison to the $240b spent in the previous five years. The latest edition of the ‘World Offshore Drilling Spend Forecast 2008-2012’ published by Douglas-Westwood and Energyfiles forecasts that by 2012 the global drilling market will be worth an estimated $80b, more than doubling since 2003.
Gardline Geosciences & Canyon Offshore strategic alliance to provide deep-water seabed drilling service to offshore SI market. Eric Zon, Managing Director of Gardline Geosciences stated ‘this agreement is a perfect synergy to enable Gardline to offer full geotechnical services in the deep water market and to add enhanced operational performance in extreme shallow water-environments. The technology strengthens Gardline Geosciences and its sister company Asian Geos
International Submarine Engineering Ltd was awarded a development contract in December, 2007 by Cybernetix S.A. of Marseille, France. The contract is to conduct the design and engineering work on a new Autonomous Underwater Vehicle (AUV) platform, known as SWIMMER. The contract comprises engineering Phase 1 of the SWIMMER project. Since 2001, Cybernetix has proven that the concept of using a hybrid AUV-ROV for inspection,
Mexico on Friday put into effect an agreement signed in 2012 with the United States to allow companies to exploit deep water oil resources in the Gulf of Mexico that straddle the countries' maritime boundaries. The deal, published in the government's gazette, lifts a moratorium on oil and gas exploration and production along the countries' maritime border in the Gulf and sets up a framework for companies to jointly develop any trans-boundary reservoirs.
A 599-foot Norway flagged chemical tanker Champion Ebony ran aground near Nunivak Island, Alaska on June 24. U.S. Coast Guard Sector Anchorage watchstanders received a report from the National Response Center that the vessel ran aground carrying approximately 14
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”.
Enormous quay cranes, which arrived at DP World London Gateway on Wednesday morning, will enhance U.K. trade infrastructure Two more of the U.K.’s most technically advanced quay cranes were brought up the River Thames on Wednesday
The cockpit voice recorder from EgyptAir flight MS804 has been retrieved by search teams in a breakthrough for investigators seeking to explain what caused the plane to crash into the sea killing all 66 people on board. The Airbus A320 plunged into the Mediterranean early on May 19 on its
MacGregor, part of Cargotec, has launched a fiber-rope retrofit option for its subsea cranes; the modular upgrade replaces the crane's original steel wire rope with synthetic fiber rope, using the same technology as MacGregor’s fiber-rope crane, the FiberTrac 1500
Scientists from the Alfred Wegener Institute, Helmholtz Centre for Polar and Marine Research (AWI) are setting out with the research vessel Polarstern towards Spitsbergen, to use newly developed equipment in the Arctic Ocean. Autonomous instruments on the seabed
DP World has won a 50 year concession for the development of a greenfield multi-purpose port project at Posorja, Ecuador, 65 kilometres from the country’s main business city of Guayaquil. The $500 million initial investment (Phase 1) will include the purchase of land
DP World has won a 50 year concession for the development of a greenfield multi-purpose port project at Posorja, Ecuador, 65 kilometers from the country’s main business city of Guayaquil. The $500 million initial investment (Phase 1) will include the purchase of land
The U.S. National Transportation Safety Board (NTSB) said it is set to launch a mission to recover the voyage data recorder (VDR) of sunken cargo ship El Faro. The VDR, belonging to U.S. flagged El Faro which sank during Hurricane Joaquin last October, was located April 26 in about 15
The U.S. Coast Guard is scheduled to discontinue 166 navigational aids within the Virginia Inside Passage (VIP) due to shoaling and other navigational safety concerns throughout the area. Fixed aids to navigation will be removed as Coast Guard resources permit over the next several years
A participant in a diving field school last fall, graduate student Tori Kiefer is back to help a new set of students learn the joy of surveying shipwrecks. Last fall, Tori Kiefer was part of a group of East Carolina University graduate students who came to the waters of Wisconsin to
Oil majors are in talks with Mexico’s state-owned Petroleos Mexicanos (Pemex) as the struggling state-run oil producer seeks partners to develop deepwater crude in the Gulf of Mexico, reports Bloomberg. Petroleos Mexicanos is in talks with Exxon Mobil Corp
Investment management firm EIG Management Co added Brazil's engineering conglomerate Odebrecht SA and a few other shipyards in its $221 million fraud suit against Petroleo Brasileiro SA. EIG, in a filing on Wednesday, alleged that Odebrecht SA and other shipyards along with Petrobras misled the
Throughput at Cai Mep International Terminal, the APM Terminals facility in Vietnam’s Ba Ria‐Vung Tau province, southeast of Ho Chi Minh City, expanded by 130 percent in the first quarter as new service calls added in 2015 began to impact volumes.
Cai Mep, Vietnam - With five new services calls added to Cai Mep International Terminal (CMIT) since May of 2015, container volume has surged by 130% to 277,303 TEUs for the first three months of 2016, as compared with the same period a year ago