ION Reimaging 3D Data Offshore Uruguay
ION Geophysical Corporation, a provider of geophysical technology, services and solutions to the global oil and gas industry, has launched Tannat 3D, a multi-client reimaging program offshore Uruguay.Leveraging the IONâs existing regional UruguaySPAN data and subsurface knowledge, ION is reimaging 22,000 sq km of data over the countryâs deep water blocks to create a contiguous volume for a holistic exploration perspective of the margin. "This program builds on IONâs excellent 3D merge and reimaging track record established on our quarter of a million square kilometer data library, and adds important geographical diversity to this unique product offeringâŚ
Chinese J-Lay Design Gets LR AiP
Shanghai Merchant Ship Design and Research Institute has been granted approval in principle (AiP) by Lloydâs Register (LR) for a J-lay heavy lift vessel concept design.The vesselâs primary function will be deep-water pipe-laying, subsea installation and heavy lifting in deep sea, said a press release from the provider of professional assurance services and management certification.This J-lay heavy lift vessel concept design has been purposely designed for a Chinese oil major, in support of the rapid growth of offshore demand in the local market.It will provide more opportunities to oil majors in the Shanghai region who can now develop deep water oil fields.
Could Offshore Crewing Requirements Make Things Worse?
It has been years (2009) since I last wrote an article discussing the availability of U.S. citizens to work offshore in support of oil and gas projects during a downturn in the economy. And now, it is even worse. With the price of oil and gas remaining depressed for many months now, and the many new developments related to drilling ashore, and domestic vessels remaining stacked in the Gulf of Mexico (GOM), companies are working hard to find work in any market around the world. This downturn in activity also means less jobs for U.S. citizen seafarers.
Europort to Partner IRANIMEX
Europort has become the official and exclusive international partner of IRANIMEX, the leading maritime & offshore exhibition in Iran. The agreement brings together the brand behind the maritime and offshore industryâs most vibrant conference and exhibition, Europort, and the gateway event covering unprecedented industry opportunities in Iran. From 2016, the new partners will combine the blueprint established for previous IRANIMEX events and the international expertise that the Europort name conveys, under the brand âIRANIMEX powered by Europortâ. The 18th IRANIMEX exhibition, powered by Europort will be held from 18 â 21 October 2016 on the island of Kish.
NOIA Rebuts âRed Herringâ Study on Atlantic Development
âThe Quest Study estimates the potential for jobs, economic activity and government revenue that could be generated from Atlantic development, assuming reasonable government policies supporting energy development are in place. Completed in 2013, the Quest report was never intended, nor could it have been expected, to predict federal policy in 2015. Thus, the SELC report misses the forest for the trees; the fact remains that Atlantic oil and gas activity holds the potential to add tens of thousands of jobs and billions of dollars in revenue and investment to Atlantic states. âNo one can predict future government policy, but with the Atlantic lease sale proposed for 2021âŚ
WWH Increases Stake in NorSea Group
Wilh. Wilhelmsen Holding Invest AS (WWHI), a fully owned subsidiary of Wilh. Wilhelmsen Holding ASA (WWH), informs it hs raised its shareholding in NorSea Group AS (NSG) from 35.4% to 40%. The share increase follows a share issue in the company whereby NSG buys Danbor AS from A.P. Møller Mærsk AS. âIncreasing our shareholding in NSG is a natural part of our strategic ambition to broaden our exposure in the energy, offshore and maritime industry, supplementing activities Wilh. Wilhelmsen ASA and Wilhelmsen Maritimes Services,â says Nils P Dyvik, group CFO in WWH.
Offshore Wind Energy Update: The LCoE Buzzword
The buzzword of the Offshore Wind industry today is the Levelised Cost of Energy (LCoE) â the lifetime cost of the project, per unit of energy generated â which needs to be lowered in order to maximise the size of the industry. The 5th annual Offshore Wind Construction, Installation & Commissioning Conference, October 14-15, 2013 | Hamburg, Germany will consider such problems. Current wind farm projects have indicated that costs have stabilised at around £140 / âŹ160 per MWh and regulators have put forward a challenge that offshore wind should reach a LCOE of £100 / âŹ120 MWh by 2020âŚ
NOIA Responds to US Offshore Leasing Proposals
Background: US Department of the Interior released its proposed final 2012-17 US Outer Continental Shelf leasing program that it said makes areas with the most likely recoverable oil and gas resourcesâincluding tracts off Alaskaâs Arctic coastâavailable over the next 5 years. âA Five Year Leasing Plan is the most definitive policy action an Administration can take regarding our countryâs offshore energy development. Because the federal government completely controls the vast resources of the outer continental shelf (OCS), the five year plan is a greater measurement of an administrationâs policy decisions than current energy development seen in abundance on state and private lands elsewhere in this country, which are largely outside the scope of federal decision making.
BOURBON CEO Lefèvre Addresses Offshore Opportunities
MarineNews caught up with BOURBONâs Chief Executive Officer, Christian Lefèvre. As BOURBONâs CEO since January 1, 2011, Lefèvre has aggressively set about furthering BOURBON's business strategy which focuses on the offshore oil and gas marine services sector. The newly-appointed Chief Executive Officer has hit the ground running and has BOURBON on a steady course to achieve the promise of the âBOURBON 2015 Leadership Strategy Plan.â A total of 423 vessels â 251 crew / 70 deepwaterâŚ
Bentley Acquires FormSys
Bentley Systems acquired FormSys, based in Perth, Australia. This software development company has a proven, 20-year track record in 3D design, analysis, and construction software for structural engineering, offshore engineering, and naval architecture. The acquisition will expand Bentleyâs SACS offerings for the design and analysis of floating structures, further extending the companyâs reach in the offshore energy market. SACS is an integrated finite element structural analysis suite of programs that uniquely supports the design, fabrication, installation, operations, and maintenance of offshore structures, including oil platforms and wind farms. Thirty-eight years of focus on these specialized requirements have made SACS the analysis mainstay for most of the worldâs offshore engineers.
Offshore Drilling Spends Surges
High oil prices will drive oil & gas industry spends on offshore drilling to a total of $380b over the five year period to 2012; a rise of nearly 60% in comparison to the $240b spent in the previous five years. The latest edition of the âWorld Offshore Drilling Spend Forecast 2008-2012â published by Douglas-Westwood and Energyfiles forecasts that by 2012 the global drilling market will be worth an estimated $80b, more than doubling since 2003. The data derived from the Energyfiles Global Database shows that nearly 18,000 offshore wells were drilled over the last five years. âThe forecast for the next five years is generally stable but with a peak in 2010 and a slight dip in 2011, ultimately equalling a little over 20,000 for the period, and representing a rise of 13%.