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Offshore Business

Offshore Boom in 2003?

With 2002 happily in the rearview mirror, many signs point to a far more lucrative times for the ship and boatbuilding industries of the world, with a surge in offshore business leading the way. With many lucrative potential projects on the board in the Gulf of Mexico and abroad, ship and boat builders large and small are counting on increased offshore drilling opportunities to lead the way to prosperity in 2003. In a recent story published by Reuters, Hyundai Heavy Industries Co. officials are quoted as saying the offshore engineering orders will rise by more than a third -- to $1.5 billion -- making it a major plank in the plans of the world's largest shipbuilder. HHI is said to have booked about $1.1 billion in new orders in this niche in 2002, and it notes that many large projects are currently in the bid process.


Viking Supply Ships Open Canadian Office

Balder Viking: Photo courtesy of VSS

Sweden's Viking Supply Ships (VSS) have opened an office in St. John’s, Newfoundland, Canada. They say they have had several vessels working in Canada over the past few years and the opening of the Canadian office will strengthen their strategic position in the Canadian market. Mr. Gerard Dunphy, who has been in the Offshore Business for over 20 years in Atlantic Canada, the Canadian Arctic, Alaska, Greenland and the North Sea, has been employed as the Managing Director.


PPL Shipyard Completes Acquisition of Sabine Industries

Further to its announcement dated September 22, 2005, “SembCorp Marine’s PPL Shipyard Acquires Sabine Shipyard in Texas, USA”, SembCorp Marine is pleased to announce that its subsidiary PPL Shipyard has completed the acquisition of a 100 per cent equity interest in Sabine Industries, Inc. (SII) and its subsidiaries Sabine Offshore Services, Inc (SOSI) and Sabine Shipyards, Inc (SSI) and a 25 per cent equity interest in Sabine Vessels, Inc (SVI) for a total consideration of US$6.4 million.


Bibby Charter Enlarges North Sea DSV Fleet

Sat control room on board one of Bibby Offshore’s support vessels

Bibby Offshore expanded its fleet of North Sea class diving support vessels by signing a contract to charter the DPII DSV Mermaid Endurer from Subtech Ltd. on behalf of Mermaid Offshore Services. The charter will run from April, 2014 for 200 days with extension options and a similar optional period has been agreed from April 1, 2015. The vessel will join Bibby Offshore’s DSV fleet which includes the Bibby Sapphire, Bibby Polaris and Bibby Topaz


Glacier Energy Services Acquires Ross Offshore

(l-r) Glacier Energy Services chairman, Scott Martin; Ross Offshore director Toby Ross; Glacier: Offshore MD Mark Derry; engineering technician Craig Marr.

International oilfield specialist Glacier Energy Services confirmed the acquisition of Aberdeen-based Ross Offshore in a multi-million pound deal, further extending its onsite specialist technical support offering to the energy industry. The purchase sees Glacier Energy Services establish an offshore division headquarters at Ross Offshore's modern facility at Peterseat Drive in Aberdeen. Following the acquisition, Glacier has a combined turnover of more than £15million


Bureau Veritas Diversifies with MatthewsDaniel Acquisition

Bureau Veritas announced today that it has acquired MatthewsDaniel Ltd, a global provider of loss adjusting and risk assessment services for the offshore industry. Created in Houston, Texas, in 1962, MatthewsDaniel is headquartered in London and has operations in Europe, the Middle East, Asia and the Americas. The company employs more than 150 people and reported revenues of approximately EUR 34M in 2013. MatthewsDaniel primarily provides services for the insurance market


Jumbo Wins EnQuest Offshore Contract

A Jumbo Heavy-lift Vessel: Photo credit Jumbo

Jumbo has been awarded a North Sea FPSO mooring, installation and hook-up contract by EnQuest. EnQuest is redeveloping the Ardmore and Duncan fields as Alma and Galia respectively. The project scope is the mooring spread installation and FPSO tow out and hook up. This will be the first offshore project in which Jumbo will act as the main contractor and not as a subcontractor. EnQuest is redeveloping the Alma and Galia fields, located in Blocks 30/24, 30/25 and 30/29


German Offshore Wind Farm: Iberdrola Chooses Areva Turbines

Iberdrola chooses Areva Wind as preferred supplier for its Wikinger Offshore Wind Farm in German waters. Under the terms of the agreement, with construction scheduled for 2016 and 2017, Areva Wind will support Iberdrola on foundation and tower design optimization, project logistics, installation concept and project certification with regulator Bundesamt für Seeschifffahrt und Hydrographie (BSH). The Wikinger offshore wind project


Fendercare's New Offshore Pipe-Laying Solution

Piggyback Saddle: Image credit Fendercare Marine

Fendercare Marine launch a new range of piggyback saddles to assist pipeline installation in the offshore industry. Piggyback saddles - alongside clamps and spacers - can act as a shaped interface between a pipeline and a cylindrical buoyancy tank, to ensure the tank rides comfortably and safely on top of the pipeline during the laying operation.  They can also act as separators during parallel lay installations and are most frequently used when smaller secondary umbilicals or


Biggest HATLAPA Stern Rollers Ordered for Maersk Tugboats

HATLAPA builds its largest stern rollers to date for Maersk Supply Service’s two new tugs under construction in Chile. The Danish shipping company Maersk Supply Service has ordered two large stern rollers from HATLAPA to be used in the two vessels built at the Chilean shipyard Asenav. The tugs will be built for worldwide use in the oil and gas industry. The first of two orders was delivered in early 2013, with the second to be completed by March 2014


Five Minutes with Gulf Copper’s Dennis Buffo

Dennis Buffo

Gulf Copper Vice President and USMMA grad (’71) Dennis Buffo has more than four decades of maritime experience. Here he shares 40+ years in five minutes with Maritime Reporter. Can you tell us a bit about your background.     I graduated from the U.S


Technip Further Optimizes its Subsea Assets

Proceeds from this divestment will be partially reinvested directly into Technips Subsea business

  Technip signed today an agreement to sell 100% of its North American diving assets to Ranger Offshore Inc.(1). Technip’s strategy focuses on high technology and ultra-deep water products and services. Proceeds from this divestment will be partially reinvested directly into


Cat, Deltamarin Develop Modular FPSO Power Unit

Image courtesy of Caterpillar

Caterpillar Launches New Modular Solution Developed with Deltamarin for FPSO and Offshore Platform Main Power at 2014 Rio Oil & Gas Expo and Conference Caterpillar Oil & Gas will launch the Cat Offshore Power Generation Module, a new modular solution for FPSO and offshore platform main


MN 100: Sneed Shipbuilding, Inc.

Sneed IMG_1777 EH.jpg

17112 Market Street Channelview, TX 77530 E-mail: cesneed@sneedshipbuilding.com Website: sneedshipbuilding.com Owner: Clyde Sneed Owner: Mitch Jones Number of employees: 180 The Company: Sneed operates out of its main facility, nearly 40 acres in Channelview, Texas


Cummins Launches QSK60 Power Emergency Genset

Cummins QSK 60 generator

Cummins announced the latest addition to the C Power product line, the QSK60 C Power (CP) emergency generator set. Engineered by the Cummins Center of Excellence for the demands of offshore applications, the QSK60 C Power genset is driven by the QSK60 marine auxiliary engine with MCRS fuel system


Agenda For DNV-GL Regional Offshore Committee Meet

  His Excellency Khamis Juma Buamim, Chairman of Drydocks World and Maritime World and chairperson of the DNV GL Offshore Technical Committee outlined the key focus areas for the Regional Committee meeting that will be held in Dubai on October 23, 2014


CIMC Raffles Delivers Jack-up Rig to Sinopec

CIMC Raffles Rig

  A Jack-up Drilling Rig which was constructed by CIMC Raffles with Sinopec Independent design named “New Sheng Li 1#” was delivered to Sinopec Sheng Li Petroleum Engineering Co., Ltd. at CIMC Raffles on 6th June 2014. This was the 7th Jack-up drilling rigs that CIMC Raffles


The U.S. Maritime Bunker Market: Opportunities Abound

Adrian Tolson

Seizing opportunities in a rapidly changing market The global shipping industry is no stranger to challenge or change. With responsibility for delivering 90% of global trade, it has had to continually demonstrate an ability to adapt. Now, with the implementation of increasingly stringent


OEG Offshore Acquires OSCA Environmental Services

Osca regional director Donald Guthrie, OEG CEO John Heiton, Osca Chairman Bob Smith at OEGs base at Dyce, Aberdeen (Credit OEG)

Cargo-carrying unit, OEG Offshore, announced its gain of OSCA Environmental Services Ltd., saying the acquisition expands its international reach in the Caspian region. OEG has acquired OSCA's 2,500-unit stock has multiple bases including: Baku, Azerbaijan and Aktau, Kazakhstan, and Turkmenistan


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


Honghua Group Wins Rig Contract from Orion

Zhang Mi, Chairman & President of Honghua Group

  Chinese rig builder Honghua Group has been awarded a contract by Orion Engineering and Management Ltd  to build a semi-submersible drilling rig, with options to build three more. According to a statement released by Honghua, the rig deal worth US$320 million was signed by its offshore


KNOT Purchases 3 Shuttle Tankers from J. Lauritzen

Shuttle Tanker

  Knutsen NYK Offshore Tankers AS (KNOT; headquarters: Haugesund, Norway), of which NYK has a 50 percent share, has officially reached an agreement with J. Lauritzen A/S (headquarters: Copenhagen, Denmark) to purchase its three shuttle tankers.*  


Scottish Independence Would Hurt Maritime Sector

Image courtesy of Moore Stephens

A vote for independence from the U.K. would have a negative effect on the Scottish shipping and offshore maritime sector, according to a survey by leading international accountant and shipping adviser Moore Stephens. The survey elicited the views of leading members of the international shipping


BW Offshore Awards SatCom Contract to Orange

SatCom dish: File photo

Provider of floating production services to the oil and gas industry, BW Offshore, says it has signed a 5-year, $12 million contract with Orange Business Services for an end-to-end satellite communication solution for its fleet of oil and gas production vessels.


MOL & Viken in Shuttle Tanker Ownership J/V

Shuttle tanker: File picture

Mitsui O.S.K. Lines, Ltd. (MOL) says it has decided to establish a ship-owning joint venture with Norway's Viken Shipping AS  to participate in a shuttle tanker project. The joint company is called Viken MOL AS, and will be managed from Viken Shipping's office in Bergen.






 
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