Kazakhstan's state oil company Kazakhoil is reportedly pinning its future on major offshore discoveries on the Caspian shelf.
Zhou Shouwei, Vice General Manager of CNOOC (China National Offshore Oil Corporation) and Academician of the Chinese Academy of Engineering accepted DNV’s invitation to be the chairman of the DNV Greater China Offshore Committee. The DNV Offshore Committee is the first of its kind to be organized by a classification society in China. “The objective of establishing this committee is to create a forum where senior executives from the Chinese offshore industry can meet to exchange
Kreuz Holdings Ltd. wins US$13 million contract from major offshore oil & gas company for installation services in SE Asia The work is scheduled to commence in the third quarter of 2012 for a duration of approximately three months, with option for further extension. Mr Kurush Contractor, Executive Director and CEO of Kreuz, said: “We are pleased to win this third-party Southeast Asian project with our recently acquired construction class diving support vessel
A major offshore search for oil and gas is now underway in the Solander Basin, southwest of Invercargill. Christchurch-based L & M Petroleum recently began a 1,000km offshore seismic survey in what is the biggest exploration in the region for two decades, and the company says preliminary results are promising. L & M Group says four large prospects and numerous leads have been identified and the current survey has been designed to enhance some of the larger targets prior to drilling
W R Systems, Ltd (WRSystems) have been awarded a contract to supply its laser-based Emsys Emissions Monitoring System (EMS) to a major offshore drilling contractor for three drilling ships/rigs located in the Gulf of Mexico. The EMS will be incorporated into the vessel’s proprietary data management technology, to provide compliance with each vessel’s EPA Air Permit requirements. WRSystems has been working with the drilling contractor for over a year in preparation for
Husky Energy Inc. Norsk Hydro Canada Oil & Gas say they have found new energy deposits near the Terra Nova oilfield off the East Coast. Calgary-based Husky and Norwegian-owned Norsk Hydro said late Tuesday that offshore drilling in the Jeanne d'Arc Basin off the coast of Newfoundland and Labrador had found hydrocarbons near Terra Nova, Canada's second major offshore field after Hibernia. The companies said the West Bonne Bay F-12 well is about 320 kilometres southeast of St. John's
Sembcorp Marine has signed an engineering and construction contract worth about US$1 billion to build the world's largest semi-submersible crane vessel for a unit of Netherlands-based Heerema Offshore Services B.V. Scheduled for delivery in the fourth quarter of 2018, the DP3 semi-submersible crane vessel (NSCV) is designed for the installation and decommissioning of major offshore facilities.
Following a successful run of deliveries to Bourbon’s Liberty 200 series of AHTS vessels, the offshore services specialist has now placed orders for a further four state-of-the-art MacGregor anchor-handling systems from Cargotec. Cargotec has won a contract to supply four sets of MacGregor anchor-handling systems to a series of anchor-handling tug supply (AHTS) vessels on order at Sinopacific Group in China for major offshore oil and gas services company, Bourbon
Brazilian joint venture will use SmartMarine® Enterprise components for project with oil giant Petrobras. Tome Ferrostaal, a joint venture between Tome Engenharia and Ferrostaal in Brazil, has selected Intergraph® SmartMarine® Enterprise solutions, distributed by Sisgraph, as part of a project with Petrobras, one of the world's largest energy companies. Intergraph's enterprise engineering software will be used to construct the topsides of six identical floating, production
Madcon Corporation has been awarded the U.S. patent number, 6,536,991, for its Structural Composite Retrofit System. Utilizing composite materials, the system provides full structural restoration of damaged or corroded tubular members such as drive pipe casing, conductors, jacket legs and bracing, concrete or steel piling, and risers/pipelines. The system can also be used to upgrade the original design capacity of platform members
Offshore oil and gas drilling firm Northern Offshore Ltd. has reached agreement on the terms of a recommended $165m cash acquisition by Shandong Offshore International Company Limited. The NOK7.59 per share offer by Shandong has been unanimously recommended by the board of
Offshore service provider Ezra Holdings has announced that subsea division, EMAS AMC, has won global contracts values at over $115m including options, reports Business Times. These contracts include one for rigid pipe lay for the Aviat field development in the UK North Sea;
Atlantic Offshore Rescue will unveil the third new vessel in the past 12 months as part of its fleet modernization program, representing an investment totaling $458 million. Ocean Falcon, a new Class A Multi Role and Emergency Response and Rescue (MRV/ERRV) vessel
Mitsui O.S.K.Lines, Ltd. today announced that, in cooperation with the Japan’s 7th Regional Coast Guard Headquarters, the company conducted a tabletop drill based on a scenario in which the cruise ship Nippon Maru, operated by its group company, Mitsui O.S.K. Passenger Line, Ltd
Jotachar JF750, the mesh-free Passive Fire Protection (PFP) for all jet fire scenarios, an epoxy coating system for structural steel, has generated industry interest, securing numerous global contracts and praise from applicators, fabrication yards and operators, the manufacturer said.
Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators. Now, with oil prices down by half since June
Russia may allow more oil companies to access its offshore projects, Energy Minister Alexander Novak said on Friday. "In general, the access can be extended," Novak told reporters in Moscow. An existing law stipulates that only state energy majors Rosneft and Gazprom
Transocean Ltd shares are expected to move about 8 percent in either direction following its earnings results on Wednesday, options data showed, but positioning among traders suggests some worry. This would be the biggest post-earnings move for the shares in at least eight quarters.
Impact of $50 oil and Petrobras implosion on contracting in the floating production sector The drop in oil/gas prices and ongoing implosion in Petrobras have combined to create a perfect storm in the deepwater sector. More than 170 projects involving oil production floaters and 35
AVEVA announced that Eversendai Offshore, a brand new customer, has made a significant investment in AVEVA’s Integrated Engineering & Design solutions through its deployment of AVEVA Marine. The agreement includes the full suite of AVEVA Marine engineering and design applications that
Damen Shiprepair Rotterdam (DSR), part of Damen Shiprepair & Conversion (DSC), has been awarded an EPC contract by Petrojarl I LLC for the upgrade of its FPSO Petrojarl I. The Petrojarl I is a Teekay Petrojarl managed FPSO built in 1986 which has been active in the North Sea
New report covers market trends to 2019 for global offshore support vessel (anchor handling, towing and supply vessel, platform supply vessel, multipurpose service vessel, crew vessels, standby and rescue vessels, others) The global offshore support vessel market is expected to grow owing
* Group revenue increased by 16.8% to US$ 96.8 million for 3Q2014, higher revenue across all the three business segments * Offshore Chartering, as the major revenue and profit generator, registered higher profit even as overall market was weak
Capacity expansions address the rising satellite communications demands of the Brazilian offshore oil and gas industry, inland waterway shipping and other markets throughout South America KVH Industries, Inc. announced major capacity increases for its mini-VSAT Broadband network at the OilComm
S.Africa wants 30 wells drilled in next 10 years; Total woes a setback to S.Africa exploration drive. French energy major Total has halted oil exploration off the southern coast of Africa due to mechanical problems with a rig, meaning it will not be able to resume searching in the area before