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Deepwater Oil

Rolls Royce to Design, Power, Hi-tech Subsea Vessel

Rolls-Royce to design and power high tech subsea construction vessel for Island Offshore The versatile UT 737 CD vessel will support the most demanding subsea projects, including constructing and servicing oil and gas wells on the sea bed, up to 3,000 metres below sea level. In order to support such challenging missions the vessel will include special features, including two independent systems for launching and recovering Remotely Operated Vehicles (ROV), a 125 tonne offshore crane that compensates for wave movements and an advanced offshore tower which handles subsea equipment through a large opening in the hull of the vessel, called a moon pool. Anders Almestad, Rolls-Royce, President - Offshore said: “This high tech vessel will showcase a combination of innovative technology and world-class, energy efficient design. It demonstrates our position as the market leader in high specification offshore vessels and our ability to meet the challenges of the demanding deepwater oil and gas industry.” The design and fit out of the vessel enables it to perform almost any duty in a deepwater oil field. In addition to supporting subsea operations it can transport cargo to and from offshore oil and gas platforms and act as a rescue and oil spill response vessel. The vessel will also include a diesel electric propulsion system incorporating four Bergen engines


Wärtsilä Selected Best Supplier by CNOOC

Wärtsilä received an award for supplier excellence from CNOOC, the China National Offshore Oil Corporation. After internal evaluation by project management teams, 28 Chinese and international vendors participating in nine of CNOOC's major projects were honored. Wärtsilä is involved in four of these projects. This was the first time that CNOOC had arranged such an event to recognize its best suppliers, and the awards were presented at a ceremony held in Beijing


Gulf of Mexico Deepwater Oil and Gas Production Rises Dramatically

The Minerals Management Service (MMS) announced production of offshore oil and gas in the deepwater (greater than 1,000 ft deep) portion of the Gulf of Mexico (GOM) reached an all-time high in 1998 and continues to escalate rapidly. Production of oil from the deep water has risen 279 percent in the last five years, and deep water gas production rose 252 percent. According to MMS Director Walt Rosenbusch, "The 1998 increase is significant and of national importance


McDermott Breaks Ground on Deepwater Platform Yard

Rigzone has reported that J Ray McDermott has begun construction on the $20m first phase of a $220m construction yard in Mexico's Tamaulipas state to build deepwater oil platforms. McDermott is building the yard on land at Altamira port. Mexico's government awarded the company the yard space in a 30-year concession. The company plans to bid on platform contracts Mexico's state oil company Pemex will launch. Further, McDermott will seek to supply projects that oil firms such as BP


OMSA on Drilling Moratorium Poll

The Offshore Marine Service Association (OMSA) issued the following statement about the Bloomberg National Poll on Americans Opposing the Ban on Deepwater Oil Drilling After the Oil Spill: The results of the national poll of Americans who were asked about their view on the Obama Administration’s moratorium on deep-water drilling are very telling, with nearly three-fourths, or 73 percent, saying “a ban is unnecessary, calling the worst oil spill in U.S


ABS to Class Ensco Deepwater Drillships

Ensco plc has selected ABS as the class society for its advanced-capability, ultra deepwater drillship to be built at the Samsung Heavy Industries, Co. Ltd (SHI) Shipyard in Geoje, South Korea.  The ENSCO DS-8 will be the sixth Samsung DP3 drillship in the fleet and will extend the benefits of Ensco’s fleet standardization strategy. With drilling capabilities in water depths to 12,000 feet and a total vertical drilling depth of 40,000 feet


New Joint Venture Targets Deepwater Markets

J. Ray McDermott, S.A. and Keppel FELS Limited. are in the process of forming a new joint venture company, to be named FloaTEC, LLC, to provide deepwater and ultra deepwater oil and gas development solutions. To add to the Joint Venture’s offerings, J Ray and Keppel FELS plan to draw upon the purchased patent rights previously owned by ABB for the Extended Tension Leg Platform (ETLP) and Single Column Floater (SCF) designs


Commitment for Deepwater Frontier

R&B Falcon Drilling has received a letter of intent from for Petroleo Brasiliero S.A. (Petrobas) for a two-year contract for DP drillship Deepwater Frontier, for operations offshore Brazil in up to approximately 8,900 ft. of water. Deepwater Frontier, capable of drilling in up to 10,000 ft. of water, is owned 60 percent by R&B Falcon Corp. and 40 percent by Conoco. The vessel will sail to Brazil upon completion of its current one-well commitment in West Africa


Rolls-Royce Opens European Marine Technology & Training Centre

HRH Crown Prince Haakon of Norway: Photo credit Rolls-Royce

Rolls-Royce officially opens its new European Marine Technology and Training Centre in Ålesund, Norway. The celebration, whose guest of honour was HRH Crown Prince Haakon of Norway, marked the formal opening of this 3,000m² ultra-modern facility, in the heart of Norway's maritime cluster. The centre features the latest Rolls-Royce marine technology and equipment to support customer training and simulation requirements and is particularly focused on offshore deepwater oil and


Deepwater Spar Hull Delivery Takes Ship to Capacity Limit

Mighty Servant 1: Photo credit Boskalis

The Boskalis subsidiary, Dockwise vessel 'Mighty Servant 1' has offloaded the 23,000 ton spar for the Lucius deepwater oil and natural gas project in the Gulf of Mexico. The Lucius truss spar, measuring 184 meters (605 feet) long and 34 meters (110 feet) in diameter, was loaded onto the Mighty Servant 1 by means of skid on operation at Pori, Finland. The spar was transported 7,700 nautical miles and discharged at Ingleside, Texas and delivered back to Technip.


Challenges in the FPSO Supply Chain: Round Table

FPSO: File photo

FPSOs play a key role in deepwater oil and gas production. A 'DW Monday' analysis of FPSO projects found cost overruns of nearly 40% and average project delays exceeding one year for some. In response to this DW recently brought together 20 companies from across the FPSO supply chain in a round


Beier Radio, Sentinel, Expand, Move to New Offices

Beier Radio logo

Beier Radio, LLC says that with Sentinel Controls it has relocated operations to a new facility in Gray, Louisiana, along the bustling Central Gulf coast near Houma.  In addition, Beier Radio’s corporate office for administration and sales has moved from Belle Chasse to Mandeville


Mexico Puts Gulf Deepwater Oil Treaty with US into Effect

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


Private Equity Firms Double down on Venari's Offshore Drilling

Gulf of Mexico deepwater oil explorer Venari Resources LLC said on Wednesday it had raised $1.3 billion from original backers Warburg Pincus LLC, Kelso & Co, the Jordan Company and Temasek Holdings, as well as new investors. GIC, Singapore's sovereign wealth fund


DNV GL Opens New Vietnam Office

From the opening of the Vietnam office March 21 2014. His Royal Highness Crown Prince Haakon of Norway and Henrik O. Madsen, Group President & CEO, DNV GL.

DNV GL announced that it has moved into a new office that was officially opened by His Royal Highness Crown Prince Haakon of Norway and Henrik O. Madsen, Group President & CEO, DNV GL. The official ceremony was part of the program of the Norwegian trade delegation visiting Vietnam this week


Deepwater Horizon Spill Causes Fish Abnormalities

Oil near the Deepwater Horizon disaster spill source as seen during an aerial overflight on May 20, 2010. (Credit: NOAA)

The National Oceanic and Atmospheric Administration (NOAA) reported that results to a new study conducted by a team of NOAA and academic scientists suggest that crude oil from the 2010 Deepwater Horizon disaster causes severe defects in the developing hearts of bluefin and yellowfin tunas.


Rolls-Royce to Open Brazilian Offshore Facility

Rolls-Royce and U.K. Chancellor George Osborne announced today that the Group will further invest in Rio de Janeiro State to better support customers in the rapidly expanding offshore oil and gas industry. A new £22 million marine facility in Duque de Caxias will be used to assemble and test


Three European firms win Angola deepwater deals

Three European companies have won contracts for almost half the value of Angola's $16 billion ultra-deepwater Kaombo oil project, confirming a trend toward bigger scale and risk for the deep-sea contracting and construction sector. Saipem of Italy announced a $4 billion contract related to


USCG: Deepwater Horizon Response is Far from Complete

Discoverer Enterprise arrives to install the capping equipment - July 2010 (Photo: BP)

The U.S. Coast Guard federal on-scene coordinator (FOSC) for the Deepwater Horizon Response completed the transition to the “Middle Response” (“Middle R”) process and opened active National Response Center (NRC) cases for three miles of coastline in Louisiana.


Ultra-deepwater Drillship 'Maersk Valiant' Delivered

Maersk Valiant: Photo Maersk Drilling

Maersk Drilling advises that its second new drillship, 'Maersk Valiant', has been delivered from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South-Korea. Maersk Valiant has begun its voyage towards the US Gulf of Mexico via Singapore to commence a two year contract with


Floating Production System Orders Outlook

Projected Growth Global Natural Gas Demand  (Quadrillion Btu)

An EPC contract for a production unit can easily exceed $1 billion – and $3 billion for an FPSO has recently been breached.  Overall, this is a $20 to $30 billion annual market.  But, as described below, the sector is hitting some headwinds that could impact future business


Opinion: Oil Market Risks Grow as Chaos Spreads

Iran Map web 3.jpg

Iran, Syria, Sudan, Libya, Nigeria and now Iraq: the crude oil market has weathered a long list of actual and threatened supply shocks with remarkable calm. According to the U.S. Energy Information Administration (EIA), unplanned disruptions have removed around 2


Transocean's Latest Fleet Update Summary

Transocean rigs: Image courtesy of the owners

Transocean Ltd. has issued a monthly Fleet Update Summary which includes new contracts, significant changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since May 15, 2014. The high-specification jackup, GSF Magellan, is held for sale.


New Zealand Mulls Ocean Floor Mining Proposal

Ocean Floor: Image credit Pixabay CCL

New Zealand decides this week whether to approve an underwater iron-ore operation that would likely become the world's first commercial metals mine at the bottom of the sea. A green light to allow New Zealand's Trans Tasman Resources Ltd to start iron-ore dredging off the country's west coast


Maersk Drilling Orders 20K™ Blow Out Preventer & Risers

Maersk Drilling logo

  Maersk Drilling has ordered four Blow Out Preventers (BOPs) and two risers from GE Oil and Gas to be used in the Project 20K™ agreement with BP. The BOPs and risers are intended to be delivered and deployed on two Maersk Drilling 20K™ Rigs by year-end 2018






 
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