Germany's Linde formed a global alliance with SBM (of the Netherlands to develop and market floating production, storage and offloading (FPSO) units for the liquefied natural gas industry. Under the deal, Linde contributes gas hardware such as pretreatment, fractionation and liquefaction based on its proprietary process LiMuM. SBM for its part contributes for example marine technology including hull and LNG storage tanks systems, power generation systems, mooring systems, cryogenic offloading systems and its experience of operating FPSO, Linde added. (Source: Reuters)
The 'Voyageur Spirit' FPSO has achieved first oil on the Huntington field in the United Kingdom. Teekay describe the event as an important milestone for on of its largest projects. The production unit has been installed for its new charter contract with E.ON Ruhrgas UK E&P (E.ON) and the charter is expected to last for a firm period of five years, with extension options. Teekay acquired the 2009-built Voyageur Spirit as part of the acquisition of three FPSO units from Sevan in October
Teekay Offshore Partners L.P. (NYSE: TOO) announced that it plans to offer 5,600,000 common units, representing limited partner interests, in a public offering. Teekay Offshore expects to grant the underwriters a 30-day option to purchase an additional 840,000 common units to cover over-allotments, if any. The Partnership expects to use the net proceeds from the public offering for general partnership purposes, including funding the acquisitions of vessels that Teekay Corporation has offered
Alliance Marine Services (AMS) has contracted with ABS Nautical Systems for an additional four modules from their suite of advanced SafeNet fleet management system software. AMS has contracted for the Maintenance & Repair, Purchasing & Inventory, Financial Reporting and Replication Manager modules of ABS NS SafeNet. This brings AMS participation in the suite of fully integrated software to six modules all utilized on their FPSO units and other vessels
Keppel Offshore & Marin Ltd (Keppel O&M), through its subsidiaries, Keppel Shipyard Limited (Keppel Shipyard) and Keppel FELS Limited (Keppel FELS), has secured contracts worth $114.8m for a Floating Production Storage and Offloading (FPSO) vessel conversion, a Derrick Lay Barge completion and the life extension of a semisubmersible rig. Tong Chong Heong, CEO of Keppel O&M said, “As market sentiments liven up
New discoveries of giant oil and gas field discoveries offshore Brazil have operators venturing into deeper water while committing expanded E&P budgets for developments in frontier regions. The Campos Basin remains the greatest focus of exploratory activity, with the Santos Basin to the south and Espirito Santo Basin to the north also seeing activity. Ship-shaped floating production, storage and off-loading (FPSO) vessels remain the preferred development option for these frontier prospects
Crowley Maritime Corp. announces the recent launch the Ocean Wave, the first of four Ocean Class tugboats under construction at Bollinger Shipyards in Amelia, La. The Ocean Wave and Ocean Wind are classed as Dynamic Positioning 1 (DP1) tugboats and are twin-screw, steel-hulled tugs with an overall length of 146 ft, beam of 46 ft, hull depth of 25 ft and design draft of 21 ft. The second two tugs of the class, Ocean Sky and Ocean Sun, will be classed as DP2 and will be 10 feet longer
Mitsubishi Heavy Industries & Mitsubishi Corporation to hold joint exhibition at Rio+20, the UN's Conference on Sustainable Development Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Corporation (MC) will hold a joint exhibition introducing their diverse business operations and products at the Japan Pavilion, a side event of Rio+20, the United Nations Conference on Sustainable Development getting under way in Rio de Janeiro, Brazil, on June 20.
A team from the Naval and Ocean Engineering Department at the Federal University of Rio de Janeiro (UFRJ) has won the first International Student Offshore Design Competition sponsored by the Society of Naval Architects and Marine Engineers (SNAME) and the Ocean, Offshore and Arctic Engineering Division of the American Society of Mechanical Engineers (ASME) with their entry “Preliminary Design of the ‘Maracanã’ FPSO Unit.”
Samsung has been granted orders worth a combined $250 million from Nigeria and Australia. The company said it will construct a floating production and storage offloading (FPSO) vessel valued at $90 million for the Nigerian arm of Shell Petroleum Co., as well as an FPSO for the Australian unit of Phillips Petroleum worth $160 million. The new orders allow Samsung to reach its full-year sales target of $2.2 billion. The company sold $2.04 billion worth of vessels in 1998.
Petrobas's FPSO P-63 has left the Quip/Honório Bicalho shipyard in the city of Rio Grande (RS) after the modules were integrated and the platform commissioned. With a capacity to process 140,000 barrels of oil/day and compress one million m3 of gas /day
FPSO 'Cidade de Paraty' went onstream to begin commercial production in the Santos Basin Lula Nordeste pre-salt. Cidade de Paraty is a FPSO platform (Floating, Production, Storage and Offloading) vessel anchored at a water depth of 2,120 meters
Teekay Offshore Partners L.P. announced that it has agreed to acquire a 50 percent interest in the Cidade de Itajai floating production, storage and offloading (FPSO) unit from Teekay Corporation for a purchase price of approximately $204 million.
The landing has been cushioned by a shift in orders from mainstream-type merchant ships towards specialised offshore segment support vessels. According to the BIMCO analysis the shipyard industry seemed to head straight for the output-abyss just 15 months ago
The third of four Ocean Class Tugs has been delivered to Crowley from Bollinger Marine Fabricators. The Ocean Sun is DP 2, measures 156 feet in length and is rated at 10,880 HP. The vessel is outfitted for long-range, high-capacity ocean towing, rig moves, platform and floating production
IMA has just completed an in-depth analysis of the floating production sector. The study profiles the deepwater industry, examines the dynamics driving the sector and forecasts orders for floating production systems between 2013 and 2017. Highlighted below are some key findings in the study.
Hyundai Heavy Industries (HHI) to build a US$ 1.9-billion order Floating Production Storage and Offloading unit (FPSO) for Chevron North Sea Ltd. Hyundai Heavy is to carry out engineering, procurement, and construction for the floating offshore facility to be deployed in the Rosebank oil &
ABB appointed main electrical contractor (MEC) for a new floating production, storage and offloading (FPSO) vessel at the Ichthys oil & gas field in the Timor Sea off Western Australia. The order is worth $30 million and was awarded by the engineering
COSCO Chairman Ma Ze Hua comments on the group's 2012 annual financial report. The following is extracted from Mr Ma's letter to stakeholders: It has been a challenging year for the Group. Turnover declined 10.3% to $3.7 billion, from $4.2 billion a year ago. Gross profit grew 27
Cat® 16CM32C generator sets selected to provide main power for a fixed platform & FPSO slated to operate in the Enping Oilfield. Four 16CM32C generator sets will be installed on the fixed drilling production platform; the remaining four will be installed on the FPSO
Petrobras announce negotiations are under way to contract 2 Floating Production & Storage Units (FPSO's) for connection to wells in the Santos Basin. Petrobras and its partners in Block BM-S-11, BG E&P Brasil and Petrogal Brasil
Scana Industrier ASA subsidiary, Scana Offshore Vestby, has signed a winch supply contract with UK-based Dana Petroleum. The contract is for delivery of mooring winches for Dana Petroleum's new floating production, storage and offloading vessel (FPSO) which will be used in their Western Isles
IMA has completed an in-depth analysis of the floating production sector – including a forecast of orders for additional floating production systems between 2013 and 2017. Highlighted below are some key findings in Floating Production Systems: assessment of the outlook for FPSOs, Semis, TLPs
PACC Offshore Services Holdings (POSH), through its EPIC division, has announced the formation of a joint venture company POSH Terasea Pte Ltd with Terasea Pte Ltd (Terasea). POSH will contribute to the JV a fleet of five specialized Anchor Handlers (12000BHP to 13500BHP) while Terasea
Welaptega Marine was awarded a contract to inspect the mooring system of the Nganhurra floating production storage and offloading (FPSO) facility operating in waters off the coast of North West Australia. Welaptega has sent a team of specialist engineers to the facility to conduct a Progressive