Marine link
 

Develop Offshore

Russia Cancels Offshore Drilling Rig Import Duties

Reuters reported that Russia has abolished for two years import duties and customs taxes for offshore drilling rigs temporarily imported to Russia for exploration work, the government said on Tuesday. The measure is the first step toward a long-discussed reduction of taxes for energy companies exploring offshore fields, which are expected to contain massive oil and gas reserves but are more expensive to develop than onshore fields. The government said it had cancelled customs duties and taxes for offshore rigs to be rented by a Russian citizen from a foreign owner for five months. The government has also been discussing the idea of mineral resource tax breaks to develop offshore fields -- a benefit similar to that introduced last year for the underdeveloped but resource-rich region of East Siberia. Among the companies most interested in the benefits are state-controlled oil firm Rosneft and gas giant Gazprom which are developing major projects offshore the Pacific island of Sakhalin. Also concerned is privately owned Lukoil the country's second biggest oil producer, which is developing deposits in the Caspian Sea. Russia has said its offshore deposits could contain billions of barrels of oil and gas reserves, but has signaled all major blocks will be awarded at closed tender to state-owned companies, such as Rosneft and Gazprom. (Reporting by Tanya Mosolova) Source: Reuters


Shell Moves Forward with Floating LNG

shell.gif

Shell announces final investment decision on Prelude Floating LNG project in Australia. The Board of Royal Dutch Shell plc (Shell) has taken the final investment decision on the Prelude Floating Liquefied Natural Gas (FLNG) Project in Australia (100% Shell), building the world’s first FLNG facility. Moored far out to sea, some 200 kilometres from the nearest land in Australia, the FLNG facility will produce gas from offshore fields, and liquefy it onboard by cooling.


Teekay, A2SEA to Develop Windfarm Installation Vessel

Teekay Corporation TK +0.42% (Teekay) today announced it has signed a memorandum of understanding (MOU) with A2SEA A/S (A2SEA) to jointly develop an innovative vessel design for the installation of offshore wind foundations. A2SEA is a leading service provider to the offshore wind sector.   The MOU encompasses the key terms of cooperation between Teekay and A2SEA for the design, delivery and operation of floating transportation and installation vessels for offshore windfarm foundations


Prysmian to Develop Offshore Wind Power

Prysmian Group, a leader in the energy and telecom cables and systems industry, is participating in the creation of Norstec, an association uniting the main players in the energy industry at the global level with the aim of supporting the production of renewable energy using offshore wind farms in the Northern Seas. Norstec, supported by British Prime Minister David Cameron, brings together more than 40 entities operating in the energy transmission infrastructure and technology industry


Nicolaisen Joins TWG

TWG said that Kirk Nicolaisen has joined its sales team, taking on the role of Offshore Energy Account Manager. Kirk is based out of Gulfport, Mississippi, and brings more than 16 years of experience developing business and serving customers in the offshore energy market. Kirk has a B.S. in Mechanical Engineering and has extensive experience specific to winches and offshore equipment. In this position, Kirk will be managing sales and growth within our offshore energy accounts for all brands


2H Offshore Joins Deepwater Mining Consortium

2H Offshore.jpg

2H Offshore, an Acteon company, has joined an international European consortium comprising nineteen industry and research organizations to develop deepwater mining solutions. Over the next four years, the European Commission funded project, known as Blue Mining, is developing seabed mining practices by creating new cost-effective solutions for environmentally friendly mining and processing in challenging and extreme environments


Keppel Expands into Offshore Wind

It will acquire a substantial stake in OWEC Tower, an industry leading designer of jacket foundation.   KV Ventus B.V., a wholly-owned subsidiary of Keppel Corporation Ltd. (Keppel) has today entered into a share purchase and subscription agreement and shareholders' agreement to acquire a 49.9% stake in offshore wind turbine foundation designer OWEC Tower (AS) for about NOK 61 million.   OWEC Tower, headquartered in Norway


Hyundai Heavy Develops FLNG Model

Hyundai FLNG Model

Hyundai Heavy Industries, the world’s biggest shipbuilder and offshore facilities contractor announced today that the Company completed developing its own Hyundai FLNG (Floating Liquefied Natural Gas Plant) model in association with Linde AG, an international industrial gases and engineering company of Germany.   The Hyundai FLNG has an annual production capacity of 2.5 million tons of LNG and can store about 193,800 m3 LNG with its compact size of 355 m in length


Offshore Wind Turbine Design DNV Certified

Gamesa's 5 MW offshore turbine obtains design certification, a milestone in its offshore wind farm sector progress. Gamesa secures IEC 61400-22 design certification for its G128-5.0 MW offshore wind turbine from independent organisation Det Norske Veritas (DNV). This achievement represents a major milestone in the certification process for Gamesa's offshore turbine, ensuring the timely launch, sales and manufacturing potential of the company's offshore turbine systems in coming years.


Denmark Launches Offshore Education and Training Initiatives

Photo: DMA

As part of the implementation of the Danish government’s Plan for Growth in the Blue Denmark, 21 initiatives are now being launched in order to target education and training in the offshore sector, further qualify the labor force and create growth and jobs. The offshore industry is one of Denmark’s commercial positions of strength that is experiencing great growth. A working group established by the Danish Government under the auspices of the Ministry of Science


DNV GL Opens New Office in Malaysia

To meet the growing demand in the region, DNV GL opened a new office in Malaysia. The official opening of the office coincided with the company’s celebration of a double milestone: 150 years of history as a world leader in classification and technical assurance services and its first year as


Norvestor to Become PG’s Largest Shareholder

Per-Ola Baalerud, Partner in Norvestor Equity and chairman designate in PG (Photo courtesy of Norvestor)

Norvestor VI, L.P., a fund advised by Norvestor Equity AS, announced it has signed an agreement to invest in Ing Per Gjerdrum AS including its subsidiaries PG Hydraulics AS and PG Construction AS. The transaction is expected to close end of October 2014


Kounalakis Joins OW Bunker N. America

Photo courtesy of OW Bunker

OW Bunker, a reseller and physical supplier of marine fuels, announced the appointment of Georgia Kounalakis to its physical supply operation in North America. Kounalakis joins the region’s senior team to take on responsibility for business development and help to drive further sales growth


OIMO Adds Fuller to Leadership Team

Nick Fuller (Photo: OIMO)

Offshore Inland Marine & Oilfield Services, Inc. (OIMO), a company in topside and riding crew repair services, announced the appointment of a new executive to the company’s leadership team – Nick Fuller, Director, Business Development.


Investors Warm up to German Offshore Wind

German offshore plants attract new investment; offshore energy a key component in switch from nuclear. Start-up costs high, but returns are attractive. Germany's offshore wind parks, once seen as only for brave investors because of high costs and operational risks


BHP Billiton & Pemex Agree to Exchange Deepwater Expertise

President, Petroleum and Potash BHP Billiton

  BHP Billiton and Petroleos Mexicanos (Pemex) today signed a memorandum of understanding and cooperation (MOU) to exchange technical knowledge, information, experiences and practices in activities related to the oil and gas industry.


German Shipbuilder FSG Taken Over by Siem Industries

Ships hull: File photo

The German Shipyard Flensburger Schiffbau-Gesellschaft (FSG) informs that it has a new owner: the Norwegian controlled Siem Industries will take over command of the shipyard, including all its employees. Peter Sierk and Frank Bywater, the two Managing Directors of FSG


UK Approves Dong Energy Wind Extension

Britain's energy ministry on Friday approved the expansion of Dong Energy's Burbo Bank offshore wind farm in the Liverpool Bay of northwest England, paving the way for the Danish company to build on its leading position in the UK market. Britain's Secretary of State for Energy and Climate


Bibby Offshore Scoops Two Business Awards

Howard Woodcock (Photo courtesy of Bibby Offshore)

Bibby Offshore, a provider of subsea installation, inspection, repair and maintenance services to the offshore oil and gas industry, has been recognized at the 2014 Northern Star Business Awards winning in the categories Commitment to People Development and Outstanding Contribution to the Energy


AKOFS Offshore Gets Contract Extension from Petrobras

Skandi Santos

AKOFS Offshore, a part of Akastor ASA, has been notified of a five-year contract extension from Petrobras to use the Skandi Santos, a Subsea Equipment Support Vessel in Brazil. The extension, worth about NOK 2.5 billion, will start March 1, 2015 in direct continuation of current contract


Aker Solutions Starts Trading After Company Split

The split creates a simpler and more focused Aker Solutions that is better positioned to meet the needs of customers in an increasingly competitive global energy industry

  Aker Solutions today started trading on the Oslo stock exchange as a leaner and more streamlined company that will build on its strengths in the subsea and field design markets. The company emerges after a spin-off of the Subsea, Umbilicals, Engineering and Maintenance


Optimarin Cements Offshore BWT Market Share

Tore Andersen

Ballast water treatment (BWT) specialist Optimarin says over 50% of its system orders now placed for PSVs, AHTS and associated, advanced service vessels.   According to CEO Tore Andersen, the last six months alone have seen 16 new agreements signed


U.S. Maritime Security: The Portunus Concept

(LLNL Photo)

The mission of the Lawrence Livermore National Laboratory (LLNL) is to strengthen United States’ security through development and application of world-class science and technology. LLNL seeks to enhance the nation’s defense; reduce the global threat from terrorism and weapons of mass


EMAS Offshore Launches Singapore Listing

ecollogo.jpg

EMAS Offshore boosts profile amongst international investment community by providing Asian platform for growth;  Singapore public offer opens at 6.00 p.m. today and closes at 12.00  noon on 2 Oct 2014.   EMAS Offshore Limited (“EMAS Offshore”


300th Tug Brokered by Marcon Int'l

Marcon International, Inc. of Coupeville, Washington reported the sale of the U.S. flag, twin screw tug “Pacific Patriot” (ex-Pacific King) from Kirby Marine Offshore to U.S. West Coast buyers on private terms.   This was the 300th tug brokered by Marcon and 1






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright