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
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
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
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,
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
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 record for the biggest cruise ship into Lerwick Harbour will be broken on Today (Sunday) when Celebrity Silhouette enters the Shetland port on a 14-nights British Isles Cruise. On her maiden call at Lerwick, Celebrity Cruises’ 122
Within the Littoral Combat Ship Program (LCS), the consortium consisting of Fincantieri, through its subsidiary Fincantieri Marinette Marine (FMM), and Lockheed Martin Corporation, has delivered the future USS Detroit (LCS 7) to the U.S. Navy at FMM’s shipyard in Marinette, Wisc.
The Company: Over time, the Blount shipyard has built more than 365 vessels. Today, Blount Boats’ clients include Fire Island Ferries, Casco Bay Island Transit District, Puerto Rico and Municipal Islands Maritime Authority, Spirit Cruises, Circle Line Statue of Liberty (Hornblower)
Semco Maritime has welcomed the recent arrival of two Maersk Drilling high specification jack-up rigs to its Invergordon shipyard facility. Maersk Reacher will be berthed in the Queens Dock facility for an undisclosed duration, carrying out necessary upgrades and modifications
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
Fugro has deployed multi-purpose offshore survey vessel Fugro Gauss to join the Fugro Brasilis offshore Mexico, to help complete the world’s largest seep-hunting survey for multiclient geoscience data company, TGS. Both Fugro vessels are using hull-mounted multibeam echosounders (12 kHz
The 127,500dwt Solitaire has completed some of the most challenging projects in which heavy pipe has been laid in very deep waters. Originally built in Japan as a mini-Capesize bulk carrier, the Lloyd’s Register-classed vessel was converted to lay pipe in 1998
Royal IHC and Tompkins UK Limited are strengthening their strategic cooperation with IHC’s acquisition of a majority stake in Tompkins, the parent company of Modus Seabed Intervention and a partner in the TI Geosciences joint venture (that IHC and Tompkins created in 2015).
Global oil and shipping markets reacted nervously on Tuesday after an international arbitration court ruled against Beijing's claims across large swathes of the South China Sea, fuelling geopolitical tensions in the vital waterway. A tribunal in The Hague, Netherlands
Seacat Freedom, the latest addition to Seacat Services’ 12-strong fleet, has been dispatched to DONG Energy’s Race Bank offshore wind project following the boat’s official naming ceremony at Seawork 2016. The deployment comes as part of the two year
British ports could gain a competitive edge in tough shipping markets through post-Brexit exclusion from planned European Union regulation of the sector, leading British port officials told Reuters. Last month's vote to leave the EU means that British terminals are set to escape the
Ithaca Energy Inc. reports that the "FPF-1" floating production facility has completed the required inclination test as planned and departed the Remontowa shipyard in Gdansk, Poland. The vessel has been moved to a deep water location offshore Gdansk to undertake final marine system
Holding OOS International Group B.V. confirms it has signed a fixed contract for the engineering and construction of two new build Semi-Submersible Crane Vessels (SSCV) with China Merchant Industry Holdings, a fully owned subsidiary of the China Merchant Group.
Radio Holland Malaysia opened a new office in Johor, Malaysia to support shipping in the ports of Johor and the vicinity. Over the years, Radio Holland Malaysia has expanded its business to the Southern Region of Malaysia known as Gelang Patah, Johor
Sete Brasil Participações SA presented a draft reorganization plan on Friday that includes seeking up to $5 billion in funding and downsizing business, three months after the Brazilian rig leaser sought court protection against 18 billion reais ($5.7 billion) in looming debt payments