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 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.
Offshore wind construction in the U.S. sees opportunities for effective conversions of existing jack-ups into wind turbine installation vessels Thrustmaster of Texas, a marine propulsion design and manufacturing company in the U.S., is looking to give an edge to U.S. based marine jack-up operators wanting to enter the U.S. offshore wind farm construction and maintenance sector by cutting the cost of entry in half with a unique propulsion system that allows conversion of existing vessels to
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
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
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
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
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
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.
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
‘Fideicomiso de Formación y Capacitación para el Personal de la Marina Mercante Nacional’ (FIDENA), on behalf of Mexico’s Secretariat of Communications and Transportation (SCT) has selected Kongsberg Maritime offshore simulators for the Marine Education Center in
Southern African Shipyards (SAS) has entered into a Memorandum of Understanding (MOU) with China Shipbuilding Trading Company (CSTC), a subsidiary of China State Shipbuilding Corporation, in a union between the largest shipyard in Southern Africa and the largest shipbuilding group in the world.
ABS Executive Vice President of Corporate Energy Development Ken Richardson says managing Big Data is critical to the future of offshore. (Singapore) ABS, the leading provider of classification services to the global marine and offshore industries
A working group led by Denmark and Indonesia met in the IMO to consider the need to regulate the issue of transboundary oil pollution, on 13 April, 33 countries and a number of international organisations have just met at the IMO headquarters in London under the chairmanship of
Solstad Offshore ASA (SOFF) has fixed the 2011-built 18,000 dwt crane barge Norce Endeavour to Chevron for work in Thailand next year for around 200 days. Solstad has received confirmation from Chevron in Thailand for the 2016 Offshore Installation Campaign utilizing its Derrick Lay
Netherlands-based Royal IHC today named and launched new pipelaying sister vessels, Sapura Jade and Sapura Ônix, in ceremonies at the company’s shipyard in Krimpen aan den IJssel, The Netherlands. Sapura Jade’s naming was performed by Belle de Bruin
Nordic American Offshore Ltd. (NAO) informs that it has agreed with the Norwegian based Vard Aukra shipyard to extend the delivery of two platform supply vessel (PSV) newbuildings, originally scheduled to be delivered in mid-2015. Under the new agreement
Kongsberg Maritime has donated and installed a K-Pos Dynamic Positioning System aboard the Norwegian University of Science and Technology (NTNU) owned R/V Gunnerus research vessel. The donation and KONGSBERG’s continued support of the University was recognized at a VIP ceremony at the NTNU
On Monday 13 April 2015, Clarkson PLC entered the FTSE 250 index on the London Stock Exchange. This marks a significant moment in both Clarksons 163 year history and 18 years of trading on the exchange. In thanking all staff for their hard work and committment to the company Andi
NOIA President Randall Luthi issued the following statement on the proposed bop/well control regulations announced by the Department of the Interior: “The Federal regulators promised a big rule, and at more than 200 pages, they certainly delivered
U.S. Interior Department releases proposed well control regulations to ensure safe and responsible offshore oil and gas development; result of extensive consultation, evaluation after Deepwater Horizon In response to the findings of investigations into the Deepwater Horizon tragedy
Bergen Group has decided to divest the company’s activity at Hanøytangen. Sale agreements have been concluded with Semco Maritime for the operational activity and with Hellik Teigen AS for the real estate. The total transaction price is set to NOK 245 million.
Tube bending machine manufacturer, Schwarze-Robitec has opened a North American subsidiary as of April 2015. Schwarze-Robitec America Inc. has been implementing the entire sales and service for the high-quality Tube Cold Bending Machines Made in Germany.
On Thursday, April 9, the official naming ceremony took place for inspection repair and maintenance (IRM) light construction vessel Olympic Bibby, at the Kleven Shipyard, Norway. The ceremony saw the vessel’s official Godmother Connie Brown
In 2014, ASRY Offshore Services completed every one of its repair scopes within schedule, on-budget, and with leading safety standards. ASRY, a ship and rig repair yard in the Arabian Gulf, has confirmed that its Offshore division, which specializes in rig repairs