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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 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


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 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


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


White House ‘Playing Politics’ Arctic Drilling Ban -AEC

Lucas Frances, (Photo: Arctic Energy Center)

The Obama Administration announced that it will ban offshore oil and gas development throughout much of the U.S. Arctic. Under the authority of a provision in a 1953 law, the decision designates "the bulk of the Arctic” indefinitely off limits.   Commenting, Lucas Frances, spokesperson for the Arctic Energy Center, said, “This is a deeply frustrating development and one that will mean a bleak economic future for Alaska


POSH Takes Delivery of Two Singapore-built Tugs

Azistern 3270 Posh Husky  (Photo: OSD)

Two Azistern 3270 tugs designed by Offshore Ship Designers (OSD) have been delivered to their new owner, PACC Offshore Services Holdings Limited (POSH Singapore), the Asia-based international offshore support vessel operator.   Posh Husky and Posh Hardy were built at Paxocean Shipyard in


Nordic American Offshore Announces Public Offering

Photo:  Nordic American Offshore

 Nordic American Offshore (NAO) has announced an underwritten public offering of 33,333,333 common shares pursuant to the Company’s effective shelf registration statement.     Morgan Stanley & Co. LLC, DNB Markets, Inc


MOL Invests in Self-Elevating Platform Vessel Operator

One of the world’s largest Self-Elevating Platform vessels, the Seajacks Scylla, owned and operated by Seajacks Photo MOL

Mitsui O.S.K. Lines, Ltd. today announced a plan to acquire a 5% share in Seajacks International Limited (Seajacks) Group, which owns and operates five Self-Elevating Platform vessels(*1), from Marubeni Corporation. This is a new offshore business for MOL, following FPSO(*2), FSRU (*3)


IBIA in Attack Mode

Bunker fuel company staff supervising supply operations at port [Photo: ©2016 Patrick King Photo for GAC]

IBIA Attacks IMO Low-Sulfur Fuel Proposals; Association says 2020 decision may be based on overly optimistic fuel availability forecast   The IMO’s MEPC 70 proposals for a marine fuels sulfur cap of 0.5% to be in place by 2020 have attracted severe criticism from several major


Prosafe Taps Andresen as CEO

Photo: © Prosafe

Semi-submersible accommodation vessels owner and operator Prosafe has made several changes to its management team.   Jesper Kragh Andresen was appointed as Chief Executive Officer (CEO), and Stig H. Christiansen as Deputy CEO and Chief Financial Officer (CFO) of Prosafe Management AS


Marine Contracts Hits Low, Says Wartsila's CEO

Jaakko Eskola. Photo: Wärtsilä

 In the marine markets, contracting activity fell to an exceptionally low level, Jaakko Eskola, President & CEO, Wärtsilä said in the annual report 2016.   The majority of the volume decline was seen in the shipping industry


Douglas-Westwood: Heavy Lifting Lift off?

Heavy lift vessel (HLV) contractors have faced a challenging market in recent years as the low oil price environment combined with a shift towards subsea installation and deepwater activity has seen fixed platform installations decline globally


Quality Assurance for Maritime Training

Photo: DNV GL

 Competence is a crucial factor in the shipping business. Through its SeaSkill certification services DNV GL helps owners and operators, maritime training providers and test centres to advance crew training and ensure the highest levels of safety on board.  


Heavy Lifting Lift off?

Photo: HANSA HEAVY LIFT

Heavy lift vessel (HLV) contractors have faced a challenging market in recent years as the low oil price environment combined with a shift towards subsea installation and deepwater activity has seen fixed platform installations decline globally, according to a report by Douglas-Westwood. 


The Offshore Markets: 2016 In Review

Expectations at the start of the year that 2016 would be a tough one for the oil industry, and in particular for offshore, were on the whole fulfilled, says Clarksons Research report.   Overall upstream E&P spending globally fell for the second successive year


CWind Invests in Largest Crew Transfer Vessel to Date

Photo: CWind

CWind, a provider of services to the offshore wind industry, has announced that it has invested in the company’s largest crew transfer vessel to date.   Newly named as CWind Phantom, the 27.4m catamaran can hold 20,000 litres of fuel and has a 20 ton cargo capacity


ELA Offshore Develops New Type of Container

Photo: ELA Container Offshore

Offshore managed to deliver all required containers from scratch in only 3 months from project kick-off, including design and development up to turnkey delivery on an offshore converter station in the German North Sea.   “To come up with the best suitable container type


HMM Acquires Four Terminals From Bankrupted Hanjin

Phto: Hyundai Merchant Marine

 Hyundai Merchant Marine (HMM) announced that it has entered into a contract with Hanjin Shipping and Marine Terminals Investment Limited (MTIL) to acquire Hanjin Pacific Corporation’s 100% stake in terminals in Tokyo and Kaohsiung


INS Sunayna Enters Abu Dhabi

Photo:  Indian Navy

 The Indian Naval Offshore Patrol Vessel INS Sunayna, entered Mina Zayad port, Abu Dhabi, United Arab Emirates on 18th Feburary 2017 to participate in International Defence Expo 2017 (IDEX 17) and Naval Defence and Maritime Security Exhibition 2017 (NAVDEX 17)  


iSURVEY Bags rig positioning, surveying contract with Shell

Andrew McMurtrie, managing director Photo iSURVEY

iSURVEY has secured a non exclusive call-off contract with Shell UK Ltd, Shell NAM, Norske Shell and Shell E&P Ireland for the provision of rig positioning and surveying services.   With an effective date of 1 January 2017, the three year contract, which has the option of up to two






 
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