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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.


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


2H Offshore Joins Deepwater Mining Consortium

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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


Unique DP System Thrusts US Offshore Wind Sector

Photo: Thrustmaster

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


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


Statoil Debuts Batwind

Signing of the Batwind MoU. Photo Statoil

A new battery storage solution for offshore wind energy will be piloted in the world’s first floating wind farm, the Hywind pilot park off the coast of Peterhead in Aberdeenshire, Scotland. Batwind will be developed in co-operation with Scottish universities and suppliers, under a new Memorandum of Understanding (MoU) signed in Edinburgh on 18 March between Statoil, the Scottish Government, the Offshore Renewable Energy (ORE) Catapult and Scottish Enterprise.


Bibby Offshore Wins First Norwegian Contract

Olympic Ares (Photo: Bibby Offshore)

Bibby Offshore’s Norway division, Bibby Offshore AS, has secured its first contract in the region with ConocoPhillips Skandinavia.    Managed from Bibby Offshore’s Stavanger office, the workscope involves project management, installation engineering, procurement and subsea installation works, related to maintenance activities on the Norpipe Oil pipeline.    The contract is due for completion in Q3 2016 and will utilize the construction support vessel Olympic


Østensjø Rederi Orders Another Wind Farm Vessel

Image: Rolls-Royce

Rolls-Royce has signed a contract with shipyard Astilleros Gondan in Spain to design and equip a second Service Operation Vessel for ship owner Østensjø Rederi. The repeat order is for a new ship design from Rolls-Royce developed specifically to support operations in shallow waters


Seacat Services Secures Burbo Bank Charter Deal

Seacat Endeavour (Photo: Seacat Services)

DONG Energy has awarded  offshore energy support vessel operator Seacat Services with the supply contract for all crew transfer services at its 258MW Burbo Bank Extension project under development in the Irish Sea. The four-vessel charter contract, with durations of three to 11 months


China COSCO Moving to Offshore Winds

Image: DEME

 China COSCO Shipping, which uses bulk carriers and container vessels to transport goods, has seen its cargo business decline amid China's slowdown and has decided to get into the offshore wind power generation business, reports  Nikkei.  


VOS Sugar First Charter

Photo: Vroon

 The newest addition to Vroon’s fleet, subsea-support vessel (SSV) VOS Sugar, recently started work in the BARD Offshore 1 Offshore Wind Farm (OWF). The vessel is supporting dive operations and maintenance work on wind-turbine foundations for clients NDE Offshore.  


DONG Energy Set for Europe's Biggest Share Float This Year

Photo: DONG Energy

Danish wind farm developer DONG Energy, which analysts value as high as $13 billion, said on Thursday it plans to list its shares on the Copenhagen stock exchange this summer.   Having built more than a quarter of the world's offshore wind farms


Denmark, US to Partner on Offshore Wind

Photo: Denmark.dk

Denmark and the United States have signed a memorandum to strengthen cooperation on offshore wind energy projects, the U.S. Bureau of Ocean Energy Management (BOEM) announced.   On May 4, 2016 at the Embassy of Denmark in Washington, D.C


Kim Heng Offshore Inks Pact with Iran Marine

Image: Kim Heng Offshore & Marine

 The Singapore-based  offshore services provider Kim Heng Offshore & Marine has signed a memorandum of understanding with the Iran Marine Fund (IMF)to provide its technical expertise and financing to Iranian offshore marine and oil & gas projects.  


Tuco Marine Bags Wind Farm Service Boat Order

Image: Tuco Marine Group

Tuco Marine Group of Denmark informs it has inked a new order for its 11-meter wind farm service boat from the ProZero series of fast rescue boats, daughter crafts and workboats.   Tuco said the new order is from a major, but for now undisclosed, company in the European offshore market


DNV GL bags COSCO's HVDC Converter Platform Deal

DNV GL - Korea - Stoddart, Arthur William  Courtesy DNV GK

DNV GL has been awarded a contract by COSCO Shipping Company Limited (COSCO SHIPPING) of China for the installation engineering services for the BorWin gamma high voltage direct current (HVDC) converter platform. The Dutch-German transmission system operator TenneT is developing the offshore


ALP's Long-range Oceangoing Tug Named ALP Striker

ALP Striker (Photo: ALP)

ALP Striker, named at a ceremony held named on May 13, 2016, is the first of four ultra-long distance towing and anchor handling vessels for ALP Maritime Services, each with a bollard pull of approximately 300 metric tons.   The vessels of the SX157 design are a part of the ALP


Exxon, Total, Chevron in Talks With Pemex on Gulf

Photo: Petróleos Mexicanos (Pemex)

 Oil majors are in talks with Mexico’s state-owned Petroleos Mexicanos (Pemex) as the struggling state-run oil producer seeks partners to develop deepwater crude in the Gulf of Mexico, reports Bloomberg.   Petroleos Mexicanos is in talks with Exxon Mobil Corp


Petrofac Wins $100 Million North Sea Deal

Image: Petrofac

 Petrofac is set to build on its provision of reimbursable services for Total E&P UK following the award of an enhanced three-year contract extension on the Alwyn and Dunbar platforms in the Northern North Sea.   The contract, worth in the region of $100 million


Japan Weather Association to Provide ShipDC with Marine Weather Info

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The database service operated by ClassNK’s wholly owned subsidiary Ship Data Center (ShipDC) has been set to receive marine weather information from Japan Weather Association.   ShipDC acts as a platform for big data related to shipping by securely collecting


JWA to provide ShipDC with Marine Weather Info

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The database service operated by ClassNK’s wholly owned subsidiary Ship Data Center (ShipDC) has been set to receive marine weather information from Japan Weather Association.   ShipDC acts as a platform for big data related to shipping by securely collecting


Subsea 7 Awarded $1bn Wind Farm Offshore UK Deal

Subsea 7 awarded  contract worth over $1bn Photo Subsea 7

Subsea 7 S.A. informed today the details of the major(1) contract award that was first announced on 20 May 2016 . The contract was awarded by Beatrice Offshore Windfarm Limited (BOWL)(2), for the engineering, procurement, construction and installation (EPCI) of the Beatrice wind farm turbine






 
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