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Offshore Oil

Coast Guard Announces Interim Rule

The U.S. Coast Guard has published an interim rule that adjusts limits of liability for vessels and deepwater ports under the Oil Pollution Act of 1990. The interim rule, effective July 31, 2009, increases the current OPA 90 limits of liability for vessels and deepwater ports to reflect significant increases in the Consumer Price Index since the limits were amended by the Delaware River Protection Act of 2006. The rule also increases the current OPA 90 limit of liability for the Louisiana Offshore Oil Port to reflect Consumer Price Index increases since the Louisiana Offshore Oil Port limit was established by regulation in 1995.  


Barbados Offshore Oil Bidding to Start Soon

The first round in offshore oil and gas production contract bidding for Barbados is scheduled to start in late June, according to a report on www.nationnews.com. The prospect of rich oil and gas reserves off the island nation have generated high interest among the world’s oil majors, and the government plans to profit first with the sale of seismic data, and second with the awarding of contract for exploration rights.


Cuba Offers 59 Offshore Oil Blocks In Joint Venture

The Cuban government is reportedly offering 59 offshore oil blocks for joint venture projects with foreign companies as part of its bid to develop the local hydrocarbon industry and remedy national fuel shortages.


Russia to Pursue offshore Oil and Gas

According to UPI, Russia's first offshore oil and gas platform, LUN-A, is in operation in the sea of Okhotsk on the Sakhalin Shelf. The platform will be used to drill 27 wells and the produced gas will be transported over a 497-mile pipeline to a liquefied natural gas plant being built in the settlement of Prigorodnoye south of Sakhalin, ITAR-TASS news agency reported. The installation of the LUN-A platform is part of the Sakhalin-2 project run by the Sakhalin Energy international company


China Shipbuilders Ready to Foray into Offshore Engineering

Jiangsu Rongsheng Heavy Industries Group Co Ltd began building CNOOC 201, a deepwater pipe laying and lifting vessel for China National Offshore Oil Corporation in Rugao Port of Nantong City in Jiangsu Province on September 16th 2008. CNOOC Engineering plans to input CNY 15 billion(USD2bn) in construction of a series of deepwater equipment including deep sea drilling vessels, ready to focus on deepwater prospecting, since most of the country's newly discovered oilfields are deep undersea.


NOIA Applauds RI Offshore Wind Project

Randall Luthi (Photo: NOIA)

National Ocean Industries Association (NOIA) president Randall Luthi issued a statement congratulating “steel in the water” for Deep Water Wind’s Block Island Wind Farm, stating an all-of-the-above strategy combining offshore wind with offshore oil and gas off the U.S. Atlantic Coast benefits the U.S. on multiple levels.   “NOIA congratulates Deepwater Wind as on-site construction begins on its Block Island Wind Farm offshore Rhode Island


In Katrina’s Wake, Oil Surges Past $70

Hurricane Katrina swept ashore yesterday as a Category 4 hurricane, and has left untold destruction to the Gulf states of Louisian, Mississippi and Alabama. Another effect of the storm could be felt for months to come, as crude oil futures briefly touched above $70 per barrel for the first time, and natural gas futures jumped nearly 20 percent. According to an AP report, the Bush administration is considering releasing some oil from the nation's emergency petroleum stockpile to help


Devon Sells Panyu Field to China

Devon Energy Corporation, a U.S.-based oil and gas exploration, development and production company, sold its producing Panyu field located offshore China to China National Offshore Oil Corporation. China National Offshore is a state-owned oil and gas producer in China. In April, Devon Energy said it had agreed to sell its producing Panyu field located offshore China to China National Offshore for $515m. During 2009, Devon's production from the Panyu field was approximately 12 thousand barrels


Bourbon Orders MacGregor Subsea Crane

MacGregor crane detail on the MPSV Bourbon Evolution 802, multi-purpose supply vessel of the Bourbon Evolution 800 series in Singapore

MacGregor, part of Cargotec, has won an order for a 150-ton active heave-compensated (AHC) subsea crane from leading offshore oil and gas marine services specialist, Bourbon. This builds on a contract that was secured at the end of 2007 from the operator for ten similar cranes. This crane will be delivered in August 2014 and is, as per nine of the previous orders, for a Bourbon Evolution 800 multi-purpose support vessel under construction at Zhejiang Shipyard, in China.


Workers Rescued from Oil Platform Fire in Caspian Sea

Forty two workers have been rescued from an offshore oil platform that caught fire in Azerbaijan's sector of the Caspian Sea, Azeri independent TV ANS said on Friday.   Azeri state energy company SOCAR was not immediately available to comment.   SOCAR said earlier that the fire started after a gas pipeline on the platform was damaged in heavy wind. It said the rescue attempt was being complicated by a heavy storm.  


MN100: Klüber Lubrication NA LP

(Photo: Klüber Lubrication)

The Company: Klüber Lubrication is one of the world’s leading manufacturers of specialty lubricants, offering high-end tribological solutions to virtually all industries and markets worldwide. Most products are developed and made to specific customer requirements


US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper


ABS Makes it Safer to ‘Walk to Work’

ABS promoting the security of life and property and preserving the natural environment through the development and verification of standards

ABS announced the publication of The ABS Guide for Certification of Offshore Access Gangways. The new Guide addresses certification for safety systems used for “walk to work” (W2W) crew transfers. “As advanced crew transfer options become the norm in the offshore oil and gas


Kongsberg Performs Well in Q2

Kongsberg Maritime Building Carpus 3, Kongsberg, Norway. Photo: Kongsberg Maritime

 Norwegian defence and marine technology company Kongsberg Gruppen's second quarter 2016 (Q2) financial results shows sales performance broadly in line with recent trends, but strong growth in earnings.   Kongsberg had operating revenues of 4.13 billion Norwegian crowns ($502


PALFINGER Makes Takeover Bid for TTS

The takeover bid made by the PALFINGER Group for the Norwegian ship equipment supplier TTS Group ASA, listed on the Oslo Stock Exchange, was approved and published this morning by the Oslo Stock Exchange following a detailed review. PALFINGER aims to acquire 100 percent of the TTS shares


Marsol Launching Rhino Craft in Dubai, Abu Dhabi

Photo: Rhino Craft

Marsol International, a UAE-based global marine solutions provider focused on the offshore oil terminal market and related infrastructure, will be launching and demonstrating its Rhino Craft 750 HDPE vessel at exclusive events in Abu Dhabi and Dubai.  


Philippines' Offshore Oil Still in Doubt

Production of oil still in troubled waters after South China Sea ruling By Enrico Dela Cruz   The Philippines, eager to resume development of vital oil and gas reserves off its coast, will likely need to reach an accord with a Chinese government infuriated by last week's ruling that


Drydocks World Conforms to FPC under EU Regulation

Drydocks World yard picture Photo Drydock World

Drydocks World, the international service provider to the shipping, offshore, oil, gas and energy sectors has successfully been certified to European Standards EN 1090 – 1 and EN 1090-2.   The certification program is part of the European Union’s Construction Products Regulation


Staying Afloat Down Under?

Graph: Clarksons Research

 In recent years, Australia has been a major growth area for offshore gas production and a key driver of offshore CAPEX, says Clarksons Research.   However, the prospects for Australian gas projects that have yet to be sanctioned are looking increasingly uncertain due to weaker LNG


Daewoo Shipbuilding: $1.4 bln order Cancelled

Cancelled order part of Statoil's Bressay project. South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd on Friday said a 1.58 trillion won ($1.41 billion) order placed in 2013 for a fixed oil production platform has been cancelled.


Damen Bags First Order from US Office

Stan Tug 3711 (Image: Damen)

Damen USA office hits the ground running with an order from Young Brothers for four Stan Tugs 3711    Damen Shipbuilding Group has established a permanent presence in Houston, with the August 1 opening of a new office headed by senior managers Jan van Hogerwou (New


DNV GL Wins Verification Work for Wintershall

Photo: DNV GL

 DNV GL has been awarded a 5 year contract to provide in-service verification work for Wintershall Noordzee B.V.’s (WINZ) RAVN and A6-A platforms.   The two platforms based in the North Sea are the unmanned RAVN in the Danish sector and manned A6-A in the German sector


MN100: Horizon Shipbuilding, Inc.

Photo: Horizon Shipbuilding

13980 Shell Belt Road Bayou La Batre, Alabama 36509 Telephone: (251) 824-1660 E-mail: llemcool@horizonshipbuilding.com Website: www.horizonshipbuilding.com CEO/President: Travis Short   The Company: Horizon Shipbuilding, Inc. is located on the Southwestern coast of Alabama


Damen Bags Jack-up Pontoon Contract

Contract signing Clive Frost and Pascal Slingerland Photo Damen

Damen Shipyards Sharjah (DSS) in the United Arab Emirates has won a contract to build a shallow draught, self-propelled Jack-up Pontoon 3526 for the UAE-based contractor Aqua Diving Services Ltd. Once delivered, it will be used primarily to deliver offshore support services


MISC Enters Thai Offshore O&G Market

Pairoj Kaweeyanun, President of Chevron Offshore Thailand, Ltd., and Tuan Syed Hashim Syed Abdullah, Vice President Offshore Business of MISC Berhad, after the signing of agreement between Chevron Offshore (Thailand) Ltd. and MISC Offshore Floating Terminals (L) Limited. (Photo: MISC Berhad)

    Energy related maritime solutions and services provider MISC Berhad (MISC) has made inroads into Thailand’s offshore oil and gas market for the first time.   MISC’s wholly-owned subsidiary, MISC Offshore Floating Terminals (L) Limited (MOFT) signed a contract for






 
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