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Offshore Opportunities

Offshore Wind Energy Update: The LCoE Buzzword

Image courtesy of Offshore Wind

The buzzword of the Offshore Wind industry today is the Levelised Cost of Energy (LCoE) – the lifetime cost of the project, per unit of energy generated – 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 / €160 per MWh and regulators have put forward a challenge that offshore wind should reach a LCOE of £100 / €120 MWh by 2020, in order to maximise the size of the industry. The opportunities for savings across offshore wind finance, technology and supply chain have now been recognised and there are many, diverse ways in which costs can be driven down. The key areas where cost reduction can be achieved in project execution have been identified as the type of foundations, substation design and installation, cable installation and logistical strategy. However, the level of cost reduction required won’t happen unless new technology innovations are properly tested in situ to provide developers and financiers with technical assurance before undertaking major multi-billion pound procurement programmes.


James Fisher Opens Offshore Vessel for Tours

Dart Fisher (Photo courtesy of James Fisher)

James Fisher Marine Services Ltd (JFMS), and Fendercare Marine, both subsidiaries of James Fisher and Sons plc (JFS), held an open day to demonstrate the capability of their shoreside support base and the offshore support vessel, the Dart Fisher. The Dart Fisher, which was berthed in the Fendercare Marine base in Great Yarmouth, is a 26-meter catamaran specifically designed to service the offshore energy industry with the capability to transfer up to 12 engineers


ExxonMobil Announces Completion of $2-Billion Sable Gas Project

Exxon Mobil Corporation announced the completion of the $2-billion Sable Offshore Energy Project off the coast of Nova Scotia, Canada, with the delivery of the first sales gas into the Maritimes & Northeast Pipeline. The project consists of three offshore platforms, a 125-mile subsea pipeline, natural gas-processing and fractionation plants and a 650-mile gas sales pipeline to New England, and is consistent with ExxonMobil's strategy of increasing gas and liquids production and expanding


Golar and Bluewater Partner in Bid for Offshore FSRU Project

Golar LNG announced that it has agreed to partner with Bluewater Energy Services B.V in bidding for an offshore LNG FSRU opportunity with 's national oil company, PetroSA. Golar and Bluewater will be equal partners in a joint venture formed specifically for this opportunity. Additionally, and in conjunction with this bid, Golar and Bluewater have agreed to acquire the 1977 built Moss type 126,000 m3 LNG Carrier, Hoegh Gandria. The vessel is intended to be used as the converted offshore FSRU.


Sinopacific Shipbuilding & Topco Link-up at OSV World 2012

Sinopacific Shipbuilding Group to team up with event organizer The Oriental Pro-Energy Consulting Organization (Topco). Sinopacific announce its cooperation with the leading event organizer The Oriental Pro-Energy Consulting Organization (Topco) to jointly present at the Offshore Support Vessel World Forum (OSV World 2012) in Shanghai China on 11-12 Sep 2012. The event, event, supported by Sinopacific, Shanghai International Shipping Institute, UCIBN, LTI Steel Wire Rope, GL, MARIC


Ferguson Announces New Accommodation Module

The interior of Ferguson Group’s new 6m accommodation module

Ferguson Group Singapore, specialists in the rental of containers, refrigeration/chiller containers, accommodation modules and engineering modules to the offshore energy industry, announces a new 6-meter accommodation module to its fleet at the 14th Asian Oil, Gas and Petrochemical Engineering (OGA) Exhibition and conference in Malaysia from June 5, 2013.   Attendees will have the opportunity to meet with members from Ferguson Group Singapore to learn more about the new 6m


Statoil & Partners Win Offshore Canada Bid

(Image courtesy Statoil)

Statoil, Chevron Canada and Repsol E&P Canada have been named the successful bidders for exploration rights on two land parcels in the Flemish Pass Basin, offshore Newfoundland and Labrador, Canada. This was the result of a land sale issued by the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB). The land parcels are located west of Statoil’s Mizzen discovery in the Flemish Pass Basin. Statoil will be the operator of both licences with a 50 % interest


First Minister Launches Bibby Offshore New HQ

(L-R) First Minister Alex Salmond and Howard Woodcock, chief executive of Bibby Offshore officially open Bibby Offshore’s brand new purpose-built headquarters, Atmosphere One in Westhill.

First Minister of Scotland, Alex Salmond, officially opened subsea installation contractor Bibby Offshore’s new purpose-built headquarters, Atmosphere One. The company recently relocated from Aberdeen Harbour to the new office facility at Prospect Park, Westhill, to provide Bibby Offshore with the additional capacity necessary to support its significant increase in staff numbers and services, as Bibby Offshore’s operations expand both in the U.K. and internationally.


Hermes Datacomms Scores a First in Myanmar

Hermes Datacommunications is now providing VSAT services in Yangon, Myanmar for one of the world’s leading Oilfield Service Groups. Hermes Datacomms has installed a stabilised antenna at the customer’s worksite, an offshore rig, and linked it back to Yatanarpon Teleport in Yangon, where the customer has telephone and internet access. The service makes use of Comtech “ACM” technology to provide robust and efficient service within the local tropical climate


Unique DP System Thrusts US Offshore Wind Sector

Photo: Thrustmaster

Offshore wind construction in the U.S. sees opportunities for effective conversions of existing jack-ups into wind turbine installation vessels Thrustmaster of Texas, a marine propulsion design and manufacturing company in the U.S., is looking to give an edge to U.S. based marine jack-up operators wanting to enter the U.S. offshore wind farm construction and maintenance sector by cutting the cost of entry in half with a unique propulsion system that allows conversion of existing vessels to


Kleven Delivers Construction Vessel to Olympic Shipping

Olympic Bibby (Photo courtesy of Kleven)

Offshore construction vessel Olympic Bibby, build no. 371 from Kleven Verft, has been delivered to Norwegian shipowner Olympic Shipping.   The vessel has a long term charter with Bibby Offshore, and its first job will be on the British sector of the North Sea.   


Swire Pacific Offshore wins Industry Award at IMA

Swire Pacific Offshore emerges as the winner of the SRS Shipowner of the Year award at the Singapore International Maritime Awards (IMA) ceremony held during the Singapore Maritime Week 2015

  Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) won the SRS Shipowner of the Year award at the Singapore International Maritime Awards (IMA) 2015 ceremony held on Tuesday, 21 April 2014 at The Ritz-Carlton, Millennia Singapore.  


Abu Dhabi to Invest $25 Billion Offshore to 2020

Image: Aeron AS

 Abu Dhabi National Oil Company (ADNOC) plans to invest around US$25bn over the next five years in a bid to boost oil production from offshore fields.   The investment is part of the UAE's strategy to increase its crude oil output potential from its current production of 2


Five Minutes with Halul Offshore CEO, Vivek Seth

Halul Offshore’s goal is a fleet of 50 boats by mid-2016

Last month Maritime Reporter spent some time with Vivek Seth, CEO, of Qatar-based Halul Offshore  Services Company, for his insights on the impact of low oil prices in the Middle East and beyond.   What is your background? I became part of the Milaha family when I joined Halul


Talking Offshore Employment with Faststream’s Chief Executive

Mark Charman

With the energy market swoon in full blossom, Maritime Reporter checked in with Mark Charman, chief executive of global recruiting leader Faststream, for his insights on the breadth and depth of the impact to the offshore employment market.   Uncertainty.


Otto Marine Builds 4 Vessels for PTK

Photo: Otto Marine

Otto Marine’s Shipyard delivered four newbuild vessels worth a total contract value of $36.6 Million   Otto Marine Limited, an offshore marine group which owns and operates a large fleet of offshore support vessels with a worldwide presence


Taylor to Chair NOIA Board

CindyTaylor

  The National Ocean Industries Association (NOIA) Board of Directors has elected Cindy B. Taylor as Chair and Kevin McEvoy as Vice Chairman for the upcoming 2015-2016 term. Taylor and McEvoy assumed their positions at the NOIA Annual Meeting today in Washington, DC.  


'Make in India’ - the Newbuzzword in Indian Shipping Sector

Pic:  Shipping Corporation

 The Prime Minister Narendra Modi's  'Make in India’ initiative offers a plethora of opportunities in the maritime sector, particularly in shipbuilding, with the Shipping Ministry projecting a quantum jump in the volume of cargo and passengers moved through water transport


Chevron Hires Norce Endeavour for Thailand Ops

Norce Endeavour. Pic courtesy: Solstad Offshore ASA

 Solstad Offshore ASA (SOFF) has fixed the 2011-built 18,000 dwt crane barge Norce Endeavour to Chevron for work in Thailand next year for around 200 days.   Solstad has received confirmation from Chevron in Thailand for the 2016 Offshore Installation Campaign utilizing its Derrick Lay


Thome to Support Singapore Maritime Week

Michael Elwert, Director of Group Strategy, HR & Support,

  Thome Group is giving its full support to Singapore Maritime Week with several senior executives speaking at key events during the packed programme.   Michael Elwert, Director of Group Strategy, HR & Support, will chair a session at the Sea Asia conference on Thurs April 23 to


ABS Executive Chairs Forum at Sea Asia

KENNETH RICHARDSON, EXECUTIVE VICE PRESIDENT OF ENERGY PROJECT DEVELOPMENT

  ABS Executive Vice President of Corporate Energy Development Ken Richardson says managing Big Data is critical to the future of offshore. (Singapore) ABS, the leading provider of classification services to the global marine and offshore industries


Kongsberg Simulators to Enhance GoM Offshore Training

Photo courtesy of Kongsberg

‘Fideicomiso de Formación y Capacitación para el Personal de la Marina Mercante Nacional’ (FIDENA), on behalf of Mexico’s Secretariat of Communications and Transportation (SCT) has selected Kongsberg Maritime offshore simulators for the Marine Education Center in


Safety at VIKING Scales New Heights

VIKING’s arctic suit triumphs over extreme temperatures_PS5002

  A record-breaking offshore evacuation system is one of several highlights to be presented at the stand of leading marine and fire safety equipment and service provider VIKING Life-Saving Equipment (VIKING) at OTC 2015 in Houston, Texas.   Chuting for the top


TMR Unit MarCom Integrates with MCP

Frode Støldal

Telenor Maritime Radio’s (TMR) business unit for the commercial maritime communications market, MarCom, integrates with Maritime Communications Partner (MCP).   The internal transfer in Telenor, effective from June 1, 2015, strengthens MCP with expert competence on maritime


Edda & its Five Star Offshore Accommodations

 Over eight months during 2012 – 2013, we operated the Edda Fides in the Bass Strait between south east Australia and Tasmania on the KTT (Kipper Tuna Turrum) project, the largest domestic  gas  development on the eastern seaboard of Australia at the time.  The charterer was McDermott Australia and the client was Esso Australia where we served as accommodation unit for up to 400 workers doing upgrade on the Marlin B platform. The project started in June 2012 and was successfully completed in Feb

Petter Sundet, Captain of Edda Fortis, discusses with Maritime Reporter & Engineering News the evolution of top-notch accommodation in the offshore environment. Please provide a brief bio. Specifically, how did you come to a career in the marine industry






 
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