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Limited Offshore

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 FELS Will Build TLP for Atlantia Offshore

Keppel FELS Limited (KFELS), the offshore arm of the Keppel Group, has secured a contract from Atlantia Offshore Limited to build a Tension Leg Platform (TLP) hull structure. The $22 million contract involves the construction of the hull structure of Atlantia’s Seastar TLP System, which supports a self-contained topside with full production, work over, utility and accommodation capabilities. The 84 feet diameter column hull structure, to be built in KFELS’ Pioneer Yard


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


Goa Shipyard Hands Over India Naval OSPV

INS Saryu: Photo credit Goa Shipyard

The first of the new 105 meter class of Naval Offshore Patrol Vessel to be commissioned  INS Saryu' handed over to the Indian Navy. The new vessel, indigenously designed in-house and built by Goa Shipyard Ltd. was handed over in a simple ceremony in Goa by RAdm (Retd) Vineet Bakhshi, Chairman & Managing Director, Goa Shipyard Limited to Cdr Amanpreet Singh, Commanding Officer Designate, INS SARYU. Cmde R. Sreenivas, Commodore Superintendent, NSRY (Port Blair), Shri R


GDI Awards N-KOM US$110-M Contracts

GDI N-KOM contract principals: Photo courtesy of N-KOM

Gulf Drilling International (GDI) Limited, a subsidiary of Gulf International Services (GIS), the largest oilfield service company in Qatar, has awarded two contracts worth US110 million to Nakilat-Keppel Offshore & Marine (N-KOM), a joint venture shipyard between Nakilat and Singapore’s


Turkey Approves EIA Report for South Stream’s Offshore Section

South Stream’s offshore pipeline

The Ministry of Environment and Urban Planning of Turkey approved the Environmental Impact Assessment (EIA) Report and issued a positive opinion of the EIA results for South Stream's offshore section in Turkey. The Report contains the assessment of potential environmental impacts caused by


UK Chancellor Mentions Hi-Tech Tax Breaks on Bibby Offshore Visit

Osborne (L) & Woodcock: Photo courtesy of Bibby Offshore

Bibby Offshore, subsea services provider to the oil & gas industry, says it has hosted a visit by George Osborne, Chancellor of the Exchequer, to the Company’s workshop, storage and maintenance facility in Aberdeenshire, Scotland.


Gulf Island Fab Sign Bechtel Offshore Cooperation Agreement

Shipyard Scene: Image courtesy of Gulf Island Fabrication

Gulf Island Fabrication, Inc. says it has signed a cooperative agreement with Bechtel Oil, Gas, and Chemicals, Inc. to work together to pursue opportunities for offshore projects for the U.S. Gulf of Mexico and abroad. “Gulf Island is excited about the cooperation agreement signed with


Suezmax Vessel Delivered to NAT

Nordic American Tankers Limited (NAT) took delivery of its 21st Suezmax vessel, the Nordic Sprinter, built in 2005 at a shipyard in Korea. NAT agreed to purchase the vessel along with its sistership for $36.5 million each. NAT expects the delivery of the second vessel in early August 2014


Australian Senate Rejects Offshore Foreign Worker Visa Plan

Australian protesters: Photo MUA

All maritime unions – the Maritime Union of Australia (MUA), The Australian Maritime Officers Union (AMOU) and Australian Institute of Marine and Power Engineers (AIMPE) – opposed the Abbott Government’s attempts to flood the offshore oil and gas sector with cheap foreign labour


Teekay Announces Public Offering

Teekay LNG Partners L.P. has announced  that it has agreed to sell 2,800,000 common units, which represent limited partner interests, in a public offering. Teekay LNG has granted the underwriters a 30-day option to purchase up to an additional 420,000 common units


Treasure Hauled from SS Central America Shipwreck

Gold coins and a gold box lie in situ on the site of another shipwreck (Black Swan) site salvaged by Odyssey Marine Exploration (Photo courtesy of Odyssey Marine Exploration)

Odyssey Recovers Over 13,500 Silver and Gold Coins as Well as Gold Ingots, Dust, Nuggets and Jewelry From SS Central America Shipwreck; Newly Released Inventory Provides First Look at Time Capsule of Gold Rush-Era Treasures Odyssey Marine Exploration, Inc


Eastern Shipbuilding to Launch Another HOS OSV

Launch of similar OSV: Image courtesy of ESG

Eastern Shipbuilding Group, Inc. invites interested parties to the launch of the Offshore Support Vessel (OSV) 'HOS Brass Ring' at 3:00 pm C.T. on Friday, August 8, 2014 at Eastern's Allanton Shipyard. 13300 Allanton Road Panama City, FL 32404.


Exxon Rig Enters Uncharted Waters of Russian Political Storm

U.S. sanctions on Russia include Rosneft, Exxon's partner: Project may not break sanctions, but brings political risks. An ordinary, long-scheduled journey of an oil drilling rig into Arctic waters is turning into a major political exercise


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


Exxon Oil Rig Enters Uncharted Waters of Russian Political Storm

An ordinary, long-scheduled journey of an oil drilling rig into Arctic waters is turning into a major political exercise, attracting international scrutiny and creating a dilemma for Exxon Mobil Corp. Exxon, the top U.S. oil major and the world's most valued oil company, is bringing the rig


ICBC Financial Leasing Purchase 2 CIMC Raffles Drilling Rigs

CIMC Raffles Semisubmersible Drilling Rigs

ICBC Financial Leasing Company Limited signed a leasing project with Schahin of two ultra-deepwater drilling rigs during China-Brazil Business Council-Annual Meeting 2014 on 17th July 2014. The contract values $1.08bn and eventually serves for Petrobras


The Cause behind the Clause Piers & Docks Insurance

As a maritime business owner, your day-to-day focus is on managing and growing your business. Understandably, thinking about and understanding the nuances of your insurance coverage is not likely to be among your top priorities. However, what if the unthinkable happens and your docks and piers are


COSCO Delivers Jack-Up Rig to Asian Buyer

Courtesy COSCO

  The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Nantong) Shipyard Co., Ltd a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered one jack-up rig, “KAI XUAN YI HAO”, to its Asian buyer.






 
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