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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

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


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


Vard Design for USCG Patrol Cutter

Offshore Patrol Cutter

Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of specialized vessels stated that a design developed by its subsidiary Vard Marine has been selected for the US Coast Guard’s new Offshore Patrol Cutter (OPC) program.


Vard Design for USCG OPC Program

(Image: Vard)

Vard Holdings Limited said a design developed by its subsidiary Vard Marine was selected for the U.S. Coast Guard’s new Offshore Patrol Cutter (OPC) program. Eastern Shipbuilding Group and team partners were selected for the detailed design and construction phase for the U.S


Fugro Reduces Offshore Wind Development Down Time

FUGRO’S CABLE LAY SPREAD

A development by Fugro for its work class remotely operated vehicles (ROVs) has been utilised successfully in cable lay touchdown monitoring operations at the Rampion Offshore Wind Farm. A new track base unit, fitted to its FCV ROV, has been introduced to ensure highly accurate cable


Pavilion Energy, ExxonMobil Join on Singapore LNG Bunkering

Image: Exxon Mobil Corp

 Pavilion Energy Pte Ltd (Pavilion) and Exxon Mobil Corp. (ExxonMobil) will work together to develop liquefied natural gas (LNG) bunkering in Singapore, as well as other downstream projects, reports the Straits Times.   Both companies will also look at developing other downstream


Technology Transformation in the Offshore Survey Market

Photo: International Marine Contractors Association

 Offshore surveys are a necessary precursor for both Oil & Gas (O&G) and renewable energy installations on the seafloor.    Particularly for new projects in remote regions, surveys (oceanographic, geotechnical, geophysical etc


ABS Expands Cybersecurity Guidance

Howard Fireman (Photo: ABS)

ABS, a provider of classification and technical services to the global marine and offshore industries, unveiled the first comprehensive cybersecurity certification and optional notations for marine and offshore assets and facilities at the SMM (Shipbuilding, Machinery


DNV GL on Maritime Cyber Security

Image: DNV GL

 What are the best options for securing remote connections on ship and offshore systems? Which operational technology on board is most vulnerable to cyber-attacks?    DNV GL has published a Recommended Practice (RP) on “Cyber Security Resilience Management” to help the


Seaspan Hosts Atlantic Canada Industry Day

More than 100 people representing over 70 companies attended Seaspan Shipyards’ second annual Atlantic Canada Industry Day hosted in Halifax today. During the session, attendees received an update on Seaspan’s progress on its National Shipbuilding Strategy (NSS) Non-Combat package of


FPSO Turritella Producing, On Hire

Turritella (Photo: SBM Offshore)

SBM Offshore stated that FPSO Turritella is formally on hire as of September 2, 2016 after achieving Commencement of Commercial Production (CoCP).  The CoCP certificate was issued on September 8, 2016.   The vessel is installed in Shell's Stones development located in 2,896 meters (9


Plan Introduced to Drive US Offshore Wind Energy

Photo: U.S. Dept. of Energy

A new collaborative strategic plan has been published today which aims to continue accelerating the development of offshore wind energy in the United States.   Announced by U.S. Secretary of Energy Ernest Moniz and U.S. Secretary of the Interior Sally Jewell, the plan


First Offshore Exhibition at Maritime Museum Rotterdam

Frits Loomeijer, General Director of the Maritime Museum

Over forty-five leading companies in the shipping and offshore maritime sector are among those who have contributed to the funding for the first ever exhibition in the Netherlands dedicated to the offshore sector, to be housed at The Maritime Museum Rotterdam for the next seven years


U.S. Coast Guard Awards ESG with Phase II OPC Contract

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The U.S. Coast Guard awarded a contract to Eastern Shipbuilding Group, Inc., of Panama City, Florida, Thursday for the production of the lead Offshore Patrol Cutter (OPC) and up to eight follow-on cutters. The total award was valued at $110.29 million. The contract has a potential value of $2


Striking Bollard Pull Results for ALP Striker

ALP Striker performed an impressive and most satisfactorily bollard pull test

ALP Striker achieved an impressive and most satisfactory bollard pull results of 309.6 tonnes during her sea trials. The DP II Anchor Handling Salvage Tug was delivered on 12 September to ALP Maritime Services. The vessel is designed for towing very large floating objects while also offering


ClassNK to Host Floating Offshore Wind Round Table

Photo: ClassNK

ClassNK, Japan’s an  international certification and classification society, will host a round table discussion about floating wind technologies on the sidelines of Wind Energy Hamburg (WEH) on September 26.   “ClassNK is one of the leading classification societies


Crewboat Delivered to Caspian Marine

Photo courtesy of Incat Crowther

Built Built by Austal Ships, Rashid Behbudov, sistership to the Muslim Magomeyev and the second Incat Crowther 70m Catamaran Fast Crew Boat, has been delivered for Caspian Marine Services.   Muslim Magomayev, the first of this design developed by Incat Crowther






 
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