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Gom Deepwater

Oceaneering Announces Vessel Charter

Oceaneering International, Inc. (NYSE:OII) has announced that it has entered into a five-year charter for use of the Cade Candies, a multi-service subsea support vessel owned by Otto Candies LLC.  The charter is expected to commence during the second quarter of 2013.   This state-of-the-art, U.S. flagged vessel was built in 2010.  It has an overall length of approximately 309 feet (94 meters), a Class 2 dynamic positioning system, accommodations for 69 personnel, a helideck, a 150-ton active heave compensated crane, and a working moonpool.   Oceaneering's current rolling, short-term charter contract on the Cade Candies, in place since November 2011, will continue through early 2013.  At that time, the vessel will enter a shipyard to undergo modifications to enhance its project capabilities.  While in the shipyard, Oceaneering's two, high-specification, work class ROVs onboard the vessel will be repositioned and fully integrated into the vessel for more effective operations.  The vessel will also be equipped with a satellite communications system capable of transmitting streaming video for real-time work observation by shore personnel.   To be renamed the Ocean Alliance, the vessel will be used to augment Oceaneering's ability to provide subsea intervention services in the ultra-deep waters of the Gulf of Mexico (GOM)


Ultra-Deepwater Program Funding for Remora

The Research Partnership to Secure Energy for America (RPSEA) selects Norway's Remora for negotiations leading to funding awards The Statement of Work (SOW) covers a 1 year study involving US operators and execution of Industry related work shops addressing various HiLoad DP offloading scenarios in the US Gulf of Mexico (GoM). "Remora is pleased to learn that RPSEA and the US Department of Energy (DOE) have acknowledged the HiLoad DP solution and that our technology has been


Chevron Clarifies Deepwater GOM Production

Chevron Corp. clarified the production rate for Genesis, a deepwater project in the Gulf of Mexico, which was reported in the corporation's quarterly earnings release. The 1999 year-end gross oil-equivalent production from Genesis, operated and 57-percent owned by Chevron, was 47,000 bpd. The 63,000 bpd reported for Genesis was the peak production rate for a period during the fourth quarter, not the year-end level. The gross oil-equivalent production from the 40 percent-owned Gemini project


IMA Report: Floating Production Sector Looks “Very Promising”

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The number of floating production systems continues to grow – 250 floating production units are now in service or available worldwide. Five years ago there were 177 units, ten years ago 119 units. In the current inventory are 155 floating production storage offloading vessels (FPSO), 42 production semis, 22 tension leg platforms, 18 production spars, 8 production barges and five floating storage regasification vessels (FSRU).


BOEMRE Approves 15th Deepwater Well

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For those of you keeping track, today the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) approved a drilling permit for the fifteenth deepwater well to comply with rigorous new safety standards implemented in the wake of the Deepwater Horizon explosion and resulting oil spill. This includes satisfying the requirement to demonstrate the capacity to contain a subsea blowout. The approved permit is for BHP Billiton Petroleum (GOM) Inc


Demand for Offshore Vessels:

 Activity in the Port of Lafourche, LA.

Growing In Deepwater Gulf of Mexico.   GOM SITREP As the feds issue more drilling permits for the Gulf, demand for offshore support vessels in the GOM deepwater sector has accelerated, industry members say. Anger about the government's spill-related, drilling moratorium--which ended a year and a half ago--has given way to optimism recently. The region's shallow-water sector, nevertheless remains slow and gives little cause for cheer.  


Hornbeck Offshore Announces Expansion Of MPSV Program

Hornbeck Offshore Services, Inc. has expanded its multi-purpose supply vessel (MPSV) program to include one 430-ft. new generation DP-3 MPSV to be constructed at a European shipyard with an anticipated third quarter 2009 delivery. This 8,000 deadweight ton vessel will be equipped with two cranes, a helideck, a moon pool and accommodations for 100 people. The primary crane will have lifting capacity of up to 400 tons in up to 10


BP, CSO Aker Marine Team For Unique GOM Installation

CSO Aker Marine Contractors, Inc. (CAMC), one of the Houston-based entities of the Coflexip Stena Offshore Group, announced the successful mooring of Diamond Offshore's rig the Ocean Confidence using a preset taut leg mooring with polyester rope and CAMC's SEPLA anchoring system while under contract to BP. The mooring location is in the Gulf of Mexico in 6,385 ft. (1,946 m). The project represents a significant advancement in deepwater mooring.


Keppel Constructs First FPSO for GOM

Photo courtesy Keppel Group Corporate Communications

Keppel Shipyard Limited (Keppel Shipyard) is on track to deliver the first floating production storage and offloading (FPSO) vessel for the US Gulf of Mexico (GoM) to BW Pioneer Ltd, an affiliate of BW Offshore. Named on Oct. 26 at Keppel Shipyard, the vessel BW Pioneer will be turret moored at a water depth of about 2,600 metres – by far the deepest for an FPSO. The FPSO, which is nearing completion, has achieved an impressive safety record of more than four million incident-free


Jones Act OSV New-build Program Expanded by Hornbeck Offshore

A Hornbeck OSV: Photo courtesy of Hornbeck Offshore

Hornbeck Offshore expands OSV new-build program, anounces retrofits & other related developments. The Company has exercised the first four of its 48 options to build additional HOSMAX vessels at an aggregate incremental cost of approximately $180 million, excluding construction period interest, for vessel deliveries in the fourth quarter of 2014 and first quarter of 2015.  These four new vessels will expand the Company's fifth OSV newbuild program


DNV GL Publishes Regulatory Roadmap for Floaters in the US

Photo courtesy of DNV GL

DNV GL announced it has mapped out what is necessary to be in compliance with U.S. Coast Guard (USCG) requirements to operate FOIs, FSOs and FPSOs in U.S. waters. In what DNV GL is calling the first comprehensive overview of its kind , the roadmap document entitled “Verification for


Hornbeck Offshore Ride High on Q2 2014 Results

Offshore scenes: Image courtesy of Hornbeck

Hornbeck Offshore Services, Inc. has announced its financial results for the second quarter ended June 30, 2014.  Following are highlights for this period and excerpts from the Company's future outlook: 2Q2014 Upstream revenue and EBITDA set new quarterly highs on the strength of fleet


Private Equity Firms Double down on Venari's Offshore Drilling

Gulf of Mexico deepwater oil explorer Venari Resources LLC said on Wednesday it had raised $1.3 billion from original backers Warburg Pincus LLC, Kelso & Co, the Jordan Company and Temasek Holdings, as well as new investors. GIC, Singapore's sovereign wealth fund


Transocean Fleet Update Summary

Transocean Ltd. today issued a monthly fleet update summary which includes new contracts, changes to existing contracts and changes in estimated planned out-of-service time of 15 or more days since July 16, 2014. The total value of new contracts since the July 16


Transocean Agrees US$3.0 Dividend

Image courtesy of Transocean

Shareholders have approved a dividend of $3.00 per share (or approximately $1.1 billion in the aggregate (based upon the number of currently outstanding shares), out of additional paid-in capital and most other proposals at the 2014 Annual General Meeting, inform Transocean.


Fugro Expands its Fleet

Fugro is expanding its survey fleet in the Gulf of Mexico (GoM) to include a new AUV, Echo Surveyor VII, and a new vessel, R/V Fugro Americas. ““Both these impending launches indicate our strong capabilities and commitment to our clients in the GOM and internationally


Streamlined Service for the Offshore Sector

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In a business where time is money, Signal Ship Repair’s niche ‘high blocking’ repair methods have significantly reduced repair times and increased shipyard efficiencies. If Signal Ship Repair’s (SSR) primary business can generically be described simply as ship repair and


DST Toolstring Deployed in Gulf of Mexico

The ExACT tool in the workshop at Expro’s Broussard facility

International oilfield services company, Expro, has deployed its new design ExACT (Expro Annulus-Operated Circulating and Test Tool) in its first live offshore well. The successful operation, a tubing conveyed perforating ‘shoot and pull’


Ocean Rig Ultra-Deepwater Drillship Contract Confirmed

Ocean Rig Skyros: Photo DryShips

Greece's DryShips, says that its wholly-owned subsidiary, Ocean Rig UDW, has signed definitive documentation, following the previously announced contract award for the 6-year contract for drilling operations offshore Angola for its ultra deepwater drillship the 'Ocean Rig Skyros'.


Transocean's Latest Fleet Update Summary

Transocean rigs: Image courtesy of the owners

Transocean Ltd. has issued a monthly Fleet Update Summary which includes new contracts, significant changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since May 15, 2014. The high-specification jackup, GSF Magellan, is held for sale.


Offshore Floating Production Market Update

Jim McCaul, IMA

Currently, 320 oil/gas floating production units are now in service, on order or available for reuse on another field.  FPSOs account for 65% of the existing systems, 76% of systems on order.  Production semis, barges, spars and TLPs comprise the balance


Seadrill Obtains US$1.35-bln Bank Credit Reflnancing

Offshore Drill Ship: Photo courtesy of Seadrill

Seadrill Limited informs it has received commitments from 17 banks for a US$1.35 billion credit facility with a 5 year term and 10 year amortization profile to refinance the credit facilities secured by the West Pegasus, West Gemini, and West Orion.


FTO Services Announces Completion of First Vessel

Island Performer naming: Photo credit FMC Technologies

FTO Services announced today that construction of its new deepwater well intervention services vessel has been completed. The naming ceremony for the new vessel, Island Performer, was held in Ulsteinvik, Norway on June 27. During the event, about 200 guests including executives from FTO Services


DNV GL Launches Regulatory Requirements Roadmap for Floaters in US

DNV GL has mapped out what is necessary to be in compliance with USCG requirements to operate FOIs, FSOs and FPSOs in US waters.

  In the first comprehensive overview of its kind, DNV GL has mapped out what is necessary to be in compliance with US Coast Guard (USCG) requirements to operate FOIs, FSOs and FPSOs in US waters. The roadmap document called “Verification for compliance with United States


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






 
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