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Great Lakes Ban on Offshore Wind Development Opposed

State Republican Reps. from districts in northern Michigan, introduced legislation banning research in or production of wind energy in the Great Lakes sharing a border with Michigan. The measure would prohibit the leasing for the placement, construction, operation or maintenance of any structure to research wind energy development, any wind turbine, or any equipment or structure related to a wind turbine, reports UPI. According to UI, Policy Director for the Michigan Environmental Council James Clift told Michigan Public Radio he considered it was too soon to limit offshore wind. UPI cite a 2010 report from the Michigan Great Lakes Wind Council that informed 35 percent of Michigan's Great Lakes are considered favorable for wind energy development. Source: UPI  


Expanded Offshore Drilling: Challenges Ahead

“You got to be careful if you don't know where you're going, because you might not get there.” • Yogi Berra Each rise in the price of oil and its companion hike in gasoline prices moves us further and further into uncharted territory.   What was once an academic argument over peak oil and how long our oil and gas would last is now front page news.   There is now a very public debate raging over whether new areas of 's coastline should be opened to


Atwood Oceanics Announces Vicksburg Contract

Atwood Oceanics, Inc. (a Houston based International Offshore Drilling Contractor) said that the VICKSBURG (owned and operated by its wholly owned subsidiary Atwood Oceanics Pacific Limited) has been awarded a two-year contract by Chevron Overseas Petroleum (Thailand) Limited ("Chevron") which will immediately follow Chevron's current eight (8) month drilling commitment offshore Cambodia. The VICKSBURG is presently working in Malaysia under drilling commitments with dayrates of $82,000 to $87


Keppel Strengthens Safety with Leadership Training Initiative

Keppel Shipyard Limited, the shiprepair unit of Keppel Corporation Limited through its wholly owned subsidiary, Keppel Offshore & Marine Limited (Keppel O&M), has launched a Safety Leadership Program. Aimed at ensuring that safety practices are built into everyday work processes, this new program is the latest initiative by the yard to achieve an incident-free work environment. The program reinforces and promotes safe work behavior through effective observation and intervention by


Swissco Steps Into Offshore Rig Chartering Business

Image courtesy of Swissco

Singapore based marine service provider for the offshore oil and gas industry, Swissco Holdings Limited, informs it has entered into a definitive Sale and Purchase Agreement for the  S$285.0 million acquisition of Scott and English Energy Pte. Ltd. which will enable Swissco to move into the offshore rig chartering business. Swissco adds that the SPA was signed with Double Dragon Energy Holdings Limited for the acquisition of the entire issued and paid-up share capital in Scott and English


Motion Compensated Helideck to Launch at OTC

Image courtesy Barge Master

Aluminum Motion Compensated Helideck boosts offshore safety, reduces operational costs by increasing landing windows Barge Master, a producer of motion compensated equipment for the offshore industry, has partnered with Bayards Aluminium constructions, a specialist in lightweight and maintenance free structures for the offshore industry, to design the first aluminum Motion Compensated Helideck (MCH). Vessel motions can often have an adverse effect on the safety and costs of offshore


Keppel Terminates MPU Heavy Lifter Project

Further to the announcement on 1 July 2008, Keppel Verolme BV, a wholly owned subsidiary of Keppel Offshore and Marine Limited, has decided, after evaluating all possible options, to terminate the MPU Heavy Lifter project and commence the scrapping process of the concrete hull. Keppel Verolme has secured the necessary rights and endorsements from third parties to dismantle and dispose of the concrete hull which has no commercial value


Subsea South Africa ExxonMobile Exploration

Exxon Mobil Corporation affiliate ExxonMobil Exploration & Production South Africa Limited, soon to start search for oil & gas deposits. The Tugela South Exploration Right covers approximately 2.8 million acres offshore Durban on the east coast of South Africa with water depths extending from the coastline to approximately 6,500 feet. The future exploration rights cover an additional 16 million acres offshore with water depths extending from the coastline to approximately 9,800 feet


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. Eight-point MacGregor mooring systems, with a 150-metric-ton line pull/270-metric-ton brake holding capacity, tugger winches and capstans have been specified for two new 500-men accommodation work barges being built at the yard


Founder Retires From Stolt-Nielsen BoD

Jacob Stolt-Nielsen

Stolt-Nielsen Limited has announced that Jacob Stolt-Nielsen, the visionary entrepreneur who founded the company in 1959, will retire from the SNL Board of Directors effective December 15, 2014, thus formally concluding his career at the company, 55 years to the date of its founding. He will continue as Honorary Chairman. Mr. Stolt-Nielsen, who is 83, conceived the innovative designs that led to the creation of the first parcel tanker. After founding Parcel Tankers, Inc


Water Levels Low on Lake St-Louis

Location Map

  Mariners are advised that due to low precipitation, and declining outflows, the water levels on Lake St-Louis are lower than normal. For this reason, the speed limit between buoys A30 and A40 is reduced as follows:  Vessels with a draft greater than 70 dm are limited to 11 knots


US Jury Rules in Favor of Apache Corp.

Apache Corp was not in breach of contract in a lawsuit brought by Houston-based oil and gas producer W&T Offshore Inc in 2011, a federal jury found on Monday, according to a court filing. The U.S. District Court for the Southern District of Texas has accepted the jury verdict and W&T


Westerhoud Steps Down as President of ECT

Jan Westerhoud (Photo: ECT)

Jan Westerhoud, President of Europe Container Terminals (ECT), will step down and retire from the company effective January 1, 2015, the company announced today in a press release.   This decision was made in consultation with main shareholder Hutchison Port Holdings Limited (HPH), ECT noted


Vard Wins Farstad's OSCV Contract

VARD 3 17 design, with a total length of 98 metres and a beam of 21.5 metres, and features a 150 tone active heave compensated offshore crane

  Vard Holdings Limited (“VARD”) has secured a contract for the design and construction of one Offshore Subsea Construction Vessel (“OSCV”) for Farstad Shipping (“Farstad”). The vessel will be of VARD 3 17 design


USCG Report Vessel Traffic Restriction on ICW

Intracoastal Waterway near Bal Harbor

  Vessel traffic on the Intracoastal Waterway near Bal Harbor, Florida is restricted following an incident involving a yacht and the Broad Causeway bridge. Due to the incident, only the bridge's west leaf is able to open.  Restrictions on vessel traffic limit movement of large


Cat Debuts Bundled Repair Solution at Workboat

At the 2014 International Workboat Show, Caterpillar will launch a new product support campaign, unveiling the new Cat C18 Marine Bundled Repair Solution and commercial Extended Service Coverage (ESC) for all available existing Bundled Repair Solutions.


Surveillance Vessel Named at Vard

New (left, background) and old (right) “Marjata” at Vard Langsten. (Photo Norwegian Armed Forces)

  Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, stated that the surveillance vessel “Marjata” was named at Vard Langsten by the Norwegian Prime Minister, Mrs. Erna Solberg.


Fuel Tank Thermal Insulation Introduced

SPS Overlay has been used on three tankers to provide thermal insulation boundaries between two Heavy Fuel Oil (HFO) tanks to successfully convert one of them into a Marine Gas Oil (MGO) tank.   This was the first time that SPS Overlay has been used in this application; and was approved by


Energy Sector Volatility Affects Middle Market M&A Activity

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Market volatility for the petroleum sector provides a backdrop to an evolving Merger & Acquisitions environment for the Offshore Sector. In the 3Q edition of Maritime Professional, this series of articles examined the overall evolution of maritime and offshore M&A activity since 2010


Nordic American Tankers Announces Newbuild Plan

Two new Suezmax newbuilding tankers increase NAT's fleet size to 24 vessels. Nordic American Tankers Limited (NAT) has announced that it has entered into a preliminary agreement with Sungdong Shipbuilding & Marine Engineering Co., Ltd


UN's Ban Concerned on Global Warming Action

U.N. Secretary-General Ban Ki-moon, expressing deep concern about slow action to combat climate change, told governments at U.N. talks in Lima on Tuesday there was no "time for tinkering" and urged a radical shift to greener economies.


Talisman Sinopec Closes North Sea Platform Ahead of Storm

Talisman Sinopec Energy UK has closed its Buchan Alpha platform in the North Sea, the company said on Wednesday, ahead of an expected severe winter storm. The Buchan Alpha is a floating production installation that contributes less than 5,000 barrels of oil per day to the Forties crude stream


Strong Interest in Keppel DC REIT IPO

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• Public Offer of 53,763,000 Units approximately 9.6 times subscribed, valid applications amount to approximately S$478.7 million • Largest REIT IPO in Singapore year-to-date with S$512.9 million raised • Commencement of trading of Keppel DC REIT on the Main Board of the


UN Climate Talks Head for Watered-down Deal

  United Nations climate talks, which ran on into a an extra day on Saturday, are heading for a watered-down deal on limiting global warming, leaving many of the toughest issues for next year's Paris summit. Peruvian Environment Minister Manuel Pulgar-Vidal, hosting the talks


Report: Growth Anticipated in the OSV Market

Photo: Bourbon

New report covers market trends to 2019 for global offshore support vessel (anchor handling, towing and supply vessel, platform supply vessel, multipurpose service vessel, crew vessels, standby and rescue vessels, others)   The global offshore support vessel market is expected to grow owing






 
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