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
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.
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
A delegation of Middle East maritime heavyweights including H.E. Khamis Juma Buamim, chairman & group CEO Drydocks World and Maritime World and Rashid Mohammed Al Habsi, the chief executive of Tasneef, will attend the ‘Maritime Transportation of Energy and Mediterranean Ultra Deep
Canada's military has again delayed the opening of a major new Arctic port, a sign the government is struggling to assert sovereignty over a remote resource-rich region. The planned deep water naval facility at Nanisivik - some 3,100 km (1
Mexico has approved the terms for five shallow water areas containing around 355 million barrels of oil equivalent as part of its Round One tender to open up the country's oil fields, the country's energy regulator said on Friday. The whole of Round One covers areas including the
Gerardus Chapel, the chief mate at the helm of the dredger that collided with a sailing yacht at the entrance to the River Orwell in Suffolk last summer, has received a six-month sentence. On June 8, 2014, Shoreway, a 98-meter, 5,000-metric-ton dredger owned by Koninklijke Boskalis
French maritime transporter CMA CGM has opened a logistics complex, between the port and city of Douala, Cameroon, and set up a new firm to handle inland transportation in West African markets. Christened 3CTC (CMA CGM Cameroon Container Terminal)
Sour service fluids from wells place significant demands on pipeline material, particularly in deeper water. This can present major technical and financial challenges for pipeline operators as the fluids can cause fractures and cracks which affect pipeline performance and reliability
Class-leading offshore energy crew transfer vessel operator Seacat Services today launches Seacat Courageous, the firm’s second 26-metre crew transfer vessel, as it continues to support the growth of the European offshore wind market.
Plans for significant further expansion of Lerwick Harbour’s extensive deep-water facilities for the offshore oil and gas industry have advanced with the award of a major contract to extend the quay at Dales Voe South to support subsea developments and decommissioning.
DeepOcean was established in 1999 and is dedicated to subsea services and operations in deep waters, able to take on deep-water assignments anywhere in the world. The company is an integrated service provider for the subsea industry. DeepOcean has a global track record of subsea services including
Vietnam's Ministry of Transport is seeking private sector investment for construction of seaports, Vietnam Briefing reported last week. The Vietnam Maritime Administration will announce a list of 42 maritime infrastructure projects, including 18 seaports, looking for private investment
Royal IHC (IHC) has joined forces with Tompkins UK to enter the deep and ultra-deep water, oil and gas geotechnical survey and site investigation market under the banner of TI Geosciences. TI Geosciences will initially provide cone penetration test (CPT)/gravity coring services
By the end of this year, the E- Class vessels are expected to steam through newly constructed three breakwaters and one revetment at Keamari Groyne of Karachi port coastline, reports the Dawn. Safe mooring alongside berths of Pakistan Deep Water Container Port (PDWCP) will welcome the
Port Canaveral was jammed Sunday with both spectators and cruise ship passengers as, for the first time ever, six cruise ships tied up at the port’s docks. “It’s just a sign of things to come,” Port Canaveral Chief Executive Officer John Walsh said
China has to comply with any ruling on competing territorial claims with the Philippines in the South China Sea even if it will not take part in case before Hague court, opined Philippine judge, reports Bloomberg. Philippine Supreme Court Justice Antonio Carpio said that it
Sembcorp Marine Ltd is owed S$70-80 million ($51-$59 million) from Sete Brasil related to drillship orders, its chief executive said on Thursday. Sembcorp Marine in 2012 secured orders for seven drillships from Sete Brasil, a company set up by Petrobras, along with a group of banks and funds