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, because of the technology currently available to it. According to the report, CNOOC previously signed a production sharing contract with Husky, an integrated oil and gas producer, to jointly explore and develop two deep water blocs in the South China Sea. The two companies explored the other bloc in the western part of the South China Sea in 2004, but the reserves discovered were too small to justify commercial drilling. Source: AP
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
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.
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
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
The U.S. leg of ABB has won a $15 million contract for construction of a riser system for a new build drillship designated to operate in up to 10,000 ft. of water. With a scheduled delivery sometime during the second quarter of 2000, Saipem SPA of Milan, Italy granted this right to ABB Vetco Gray with construction to be done at Samsung Yard in Korea. The rig will incorporate both standard equipment, as used in most deep water rigs
Iran's North Drilling Company (NDC) and the Hong Kong-registered China Oilfield Services Ltd. signed an oil-exploration agreement for management, repair, and maintenance of the Alborz semi-floating platform, currently being constructed by the Iranian Offshore Industries Company. A three-year contract with an estimated cost of $33 million will enable Iran, with China's help, to move its exploration activities to the deep waters of the southern Caspian
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,
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
IHC Hydrohammer, part of IHC Merwede has developed and tested a new technology which uses seawater instead of hydraulic oil. This sustainable product development minimises potential oil spill hazards in the marine environment and presents new opportunities for deep-water offshore pile driving
Austal announce new strategic partnerships in the Asia-Pacific region to enhance its support to the US Navy & others in the region. Following on from the strategic partnership with Singapore’s Sembawang Shipyard Pte Ltd announced in January 2013
Petrobras CEO, Maria das Graças Silva Foster – named one of the world’s 100 most influential people by Time magazine in 2012 – will be a keynote speaker for the New Frontiers roundtable at Nor-Shipping’s Agenda Offshore conference on June 5.
The Board of Directors of the company elected Ian C. Strachan to serve as Chairman of the Board effective May 18, 2013. Mr. Strachan replaces J. Michael Talbert who was not re-elected at the company's annual general meeting held on May 17, 2013.
Douglas-Westwood (DW) forecast subsea hardware spending is set to double to $124 billion during 2013-2017 compared to the preceding five-year period. The new third edition of Douglas-Westwood’s Subsea Hardware Market Forecast has launched analyses the market through to 2017
BMT Scientific Marine Services (BMT), a subsidiary of BMT Group Ltd, has been granted a patent for its strain measurement system and unique attachment scheme that can be integrated into the insulation layer on ultra-deep water Steel Catenary Risers (SCRs).
Mitsubishi Heavy Industries, Ltd. (MHI) gets additional order to build 2 seismic vessels for Norway's Petroleum Geo-Services ASA (PGS). The order for the two vessels was placed upon exercise by PGS of the option right that was provided when two same type vessels were ordered to MHI in April 2011
Scientists at Scripps Institution of Oceanography at UC San Diego, in collaboration with two private industry firms, are developing potentially breakthrough technologies to capture vital information from the world’s oceans. Scripps researchers John Orcutt and Jon Berger developed a
IHC Hydrohammer, part of IHC Merwede, successfully used seawater instead of oil as a drive mechanism for the offshore installation industry. The company has developed and tested IHC Waterhammer technology to prepare it for launch to the market.
Aberdeen Harbor Board’s annual results have revealed record vessel activity in 2012 and record levels of cargo passing through the port. Overall vessel tonnage handled by the port increased by 8%, from 25.91 million tons in 2011, to 28.19 million tons in 2012
The port of Fujairah has installed eight Tideland SB-285P lateral mark buoys equipped with SolaNOVA-65 self-contained LED lanterns and AIS AtoN (aids to navigation) systems to communicate with vessels in the vicinity. The buoys are deployed north of the port and mark a new passage where the
Chief Executive Officer of Harvey Gulf International Marine, Shane Guidry announced the execution of three agreements for vessels totaling $540 million. These purchases will raise the total capital expenditures of Harvey Gulf to $1.7 billion since August of 2008.
The Group achieved $9.7 million net profit on turnover of $733.0 million in Q1 2013, but shipyard & drybulk operations contributions down. In Q1 2013, turnover from shipyard operations decreased by 25.5% to $719.2 million from $965.9 million in Q1 2012
Tata Steel will demonstrate at this year’s Offshore Technology Conference (OTC) in Houston May 6-9, 2013. Tata Steel’s pipeline packages include double submerged arc welded (DSAW) line pipe, manufactured at the 42-inch mill in Hartlepool
Royal Boskalis Westminster wins a Shell Philippines Exploration contract to install an offshore Depletion Compression Platform. The contract to be executed for the Malampaya Project off the coast of Palawan Island, in the Republic of the Philippines, includes seabed preparation, rock installation