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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.


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.


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


Kvaerner, COOEC Complete Demo Platform Module

Kvaerner and COOEC have jointly invested in engineering and fabricating of a demonstration module to document the partners' combined capabilities for delivering new offshore oil and gas platforms. After the start of the engineering and procurement in January 2011, the fabrication of the module was completed and presented to business partners at the COOEC fabrication yard in Qingdao in China on 25 August 2011. The two international oil and gas contractors


Europe Deliberates Avoidance of a Second 'Deepwater Horizon'

A provisional deal on proposed legislation for the safety of offshore oil and gas operations has been struck by MEPs and Council negotiators. Before oil and gas firms can get a licence to drill, the directive would require them to submit major hazard reports and emergency response plans and prove their ability to remedy any environmental damage caused. "Europe learned its lessons from the Deepwater Horizon catastrophe and wants to reduce the risks of offshore oil and gas drilling to a


SeaZip Offshore Service Commences Operation

SEAZIP OFFSHORE SERVICE GETS OFF TO A SUCCESSFUL START IN THE OFFSHORE OIL AND GAS INDUSTRY

  Harlingen-based SeaZip Offshore Service has entered into a partnership agreement with Heerema Marine Contractors (HMC). HMC, the world's market leader in transporting, installing and dismantling offshore oil and gas installations, has contracted service vessel SeaZip 4 for its annual


Ex-BP Engineer Deserves New Gulf Spill Trial -US Appeals Court

Photo: NOAA

A former BP Plc engineer deserves a new trial on an obstruction of justice charge related to the 2010 Gulf of Mexico oil spill, a federal appeals court ruled on Tuesday.   The 5th U.S. Circuit Court of Appeals in New Orleans agreed with a lower court judge's decision last June to throw out


Samsung Bags $4.7bn Order for 3 FLNG from Shell Gas

Image:  Samsung Heavy Industries

 South Korean shipbuilder Samsung Heavy Industries Co. as won a 5.2 trillion won (US$4.7 billion) order to build three floating liquefied natural gas (FLNG) facilities, reports Yonhap.   Under the deal with the Netherlands-based Shell Gas & Power Developments B.V


Shell Green Lights GoM Field After Cost Cuts

Royal Dutch Shell has given the green light for the development of its largest platform in the Gulf of Mexico after making steep cost cuts which made the deep water project economical despite low oil prices.   The decision to pour billions of dollars into the Appomattox project comes as


Teekay Orders 3 Tankers for Canada Contracts

Teekay Offshore Partners L.P. informs it has entered long-term contracts to provide shuttle tanker services for a group of companies producing oil on Canada’s East Coast, including Chevron Canada, Husky Energy, Mosbacher Operating Ltd., Murphy Oil, Nalcor Energy, Statoil and Suncor Energy.


Videotel Produces 500th Computer-based Training Course

Photo courtesy of Videotel

Videotel, an international provider of e-Learning maritime training solutions and a company of KVH Industries, Inc., (KVHI), has launched its 500th computer-based training (CBT) e-Learning course.   Videotel’s latest course, entitled “The Work of the Emergency Response and


UOC Invests $10 Mln in Vallianz

Pic: Vallianz Holdings Limited

 Singapore-listed Vallianz Holdings Limited, that provides offshore support vessels and integrated marine solutions to the oil and gas industry, has received an investment of $10 million from institutional investor fund United Orient Capital Pte Ltd (UOC).  


Jury Weighing Question of Whether BP Exec Lied About 2010 Oil Spill

A U.S. federal jury has begun its deliberations on whether a former BP Plc  executive lied about how much oil spilled into the Gulf of Mexico following the explosion of the Deepwater Horizon rig in April 2010.   Prosecutors and a lawyer for defendant David Rainey made their closing


Guyana-Venezuela Border Spat Flares after Exxon Find

Guyana's new government on Monday attacked a decree by Venezuelan President Nicolas Maduro which it said seeks to annex Guyanese maritime space in the wake of an oil discovery.   The dispute between the South American neighbors goes back to the early 19th Century and has resurged after an


Aqueos Takes Delivery DSV for Liveboating

Photo: Aqueos Corporation

Aqueos Corporation, a subsea services provider for the offshore oil and gas sectors of the Gulf of Mexico and the Pacific West Coast, announced the delivery of SPLASH, a Special Purpose Liveboat and Survey Hull to specifically address safety concerns with traditional methods of Liveboating.


ZPMC Orders Romica Equipment for DSV

Image: REL

Romica Engineering Ltd (REL) has signed a contract with Shanghai Zhenhua Heavy Industries Co. Ltd. (ZPMC) to provide a triple drum winch and tooling deployment A-Frame system. This will support the overboard deployment and recovery of diver tools supporting subsea work.  


KNOT Orders New Tanker for Charter with BG Group

Image: Knutsen NYK Offshore Tankers AS (KNOT)

 Knutsen NYK Offshore Tankers AS (KNOT) has concluded a time-charter contract with Brazil Shipping 1 Limited, a subsidiary of the U.K. energy supplier BG GROUP PLC.    This contract is for a maximum 20-year period starting from the second quarter of 2017 and follows the


BOEM, Geologists Partner for OCS Information Sharing

BOEM and Association of American State Geologists to collaborate on offshore marine minerals and oil and gas information sharing   The Bureau of Ocean Energy Management (BOEM) and the Association of American State Geologists (AASG) have signed an agreement to foster interaction


Shipbuilding Contract: Zamakona Nabs ESVAGT Deal

Photo courtesy of Zamakona Yards

Astilleros Zamakona S.A, belonging to our group Zamakona Yards has signed a contract with the owner ESVAGT A.S, a company belonging to the multinational Danish AP Møller-Mærsk. The vessel will be delivered in the 2nd quarter of 2017 and will have the design and engineering of


Northern Offshore acquired by Shandong Offshore

Pic: Northern Offshore Ltd

 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






 
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