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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

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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.


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


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


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


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


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


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.


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


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


Seagull Maritime Response on Safety, Security

The Seagull training system provides software tools for the unique training challenges faced by the maritime industry today.

  Key areas of concern for seafarer safety and security in both marine and offshore operations have triggered the release of six new and one supplementary titles from computer-based training specialist Seagull Maritime. Third quarter 2014 releases include specific emphasis on the offshore


Nordic American Offshore on Track Says Chairman

OSV: Image courtesy of NAO

Herbjørn Hansson, 
Executive Chairman
 of Nordic American Offshore Ltd., informs shareholders as follows after the company's listing on the New York Stock Exchange for about 3 months: "Nordic American Offshore Ltd. (NAO) has now been listed on the New York Stock Exchange for more


MARIN Forms 'Maritime Cluster' Facility

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Maritime Research Institute Netherlands (MARIN) announced the formal investment of 2 million Euros in a large and fast Bull computer cluster (4000 computational cores). This supercomputer complements MARIN’s extensive model basins, simulators and full-scale monitoring tools.


Kongsberg AUV Pioneer Recognized by MTS Award

Bjørn Jalving: Photo Kongsberg Maritime

Kongsberg inform that Bjørn Jalving, Executive Vice President Subsea at maritime, offshore and subsea technology developer Kongsberg Maritime recently has been given the Compass Distinguished Achievement Award from the Marine Technology Society


Upcoming Expo 'Offshore Marintec Russia'

Marintec logo

ExpoForum Convention and Exhibition Centre in St. Petersburg, October 7-10  will host the International Specialised Offshore Exhibition and Conference 'Offshore Marintec Russia' dedicated to the Arctic continental shelf infrastructure development informs official Russian news source


RWE Dea Awarded Two New Concessions in Egypt

The new RWE Dea licences in the Gulf of Suez

  In the International Bid Round 2013, RWE Dea has been awarded two new offshore concessions with operatorship by the Egyptian General Petroleum Corporation (EGPC). The concessions are located in the Gulf of Suez, where the company is producing oil as operator for more than 30 years.


Prime Minister Solberg Visits DNV GL

Prime Minister Erna Solberg in discussion with Group President & CEO Henrik Madsen (Photo: Magnus Dorati)

Norway’s Prime Minister Erna Solberg visited DNV GL Høvik yesterday, September 16. Group President & CEO Henrik Madsen was host. “The Prime Minister was both enthusiastic and interested in DNV GL’s views on climate-friendly technologies in the industries we serve


Houston Shipping and Offshore Conference Program Announced

The fourth Houston Shipping and Offshore Conference has announced the final program for its Friday, October 10 conference at the Houstonian Hotel, Club & Spa, 111 N. Post Oak Lane, Houston. This year’s program is centered on the theme


iSURVEY Awarded Two-year Contract with Island Offshore

Island Valiant

iSURVEY has been awarded a two-year contract with offshore vessel owner, Island Offshore Management, which will see iSURVEY AS provide positioning services to Island Offshore as part of a call off arrangement. Operations have already commenced on the first vessel


SBM Offshore Announces Thunder Hawk Tiebacks

  SBM Offshore is pleased to announce it has signed a Production Handling Agreement (PHA) with Noble Energy to produce the Big Bend and Dantzler fields to the Thunder Hawk DeepDraft (TM) Semi located in 6,060 feet of water in the Gulf of Mexico (GoM).


Cat, Deltamarin Develop Modular FPSO Power Unit

Image courtesy of Caterpillar

Caterpillar Launches New Modular Solution Developed with Deltamarin for FPSO and Offshore Platform Main Power at 2014 Rio Oil & Gas Expo and Conference Caterpillar Oil & Gas will launch the Cat Offshore Power Generation Module, a new modular solution for FPSO and offshore platform main


Maritime Academy Awarded DHS Grant for Arctic Training

USCG photo

Maine Maritime Academy receives $450,000 grant From U.S. Department of Homeland Security for ice navigation and maritime first responder courses for the Arctic Maine Maritime Academy has been awarded $450,000 by the U. S. Department of Homeland Security (DHS) Science & Technology


Technip Further Optimizes its Subsea Assets

Proceeds from this divestment will be partially reinvested directly into Technips Subsea business

  Technip signed today an agreement to sell 100% of its North American diving assets to Ranger Offshore Inc.(1). Technip’s strategy focuses on high technology and ultra-deep water products and services. Proceeds from this divestment will be partially reinvested directly into


MacGregor Winches for Malaysian Accommodation Barges

Photo: MacGregor

MacGregor has secured a winch package contract from Nam Cheong Limited group, a global offshore marine player listed on the Main Board of the Singapore Exchange Securities Trading Limited and Malaysia's largest offshore support vessel builder


DW Release World Drilling & Production Forecast Update

Offshore drill rig: File photo

The new quarterly issue (Q3) of Douglas-Westwood’s (DW) World Drilling and Production Forecast (DWD&P) has been released. Major changes have been seen in the forecasts for Iraq, Libya and Uzbekistan. DW inform that the report now also includes forecasts for Bangladesh, Israel






 
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