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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.


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


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


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.


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


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


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


America's First Offshore Windfarm – Contractors Chosen

Cape Wind selects construction joint venture team to build first US offshore windfarm Cape Wind has selected the joint venture team of Flatiron Construction Corp., Cal Dive International, Inc., and Cashman Equipment Corp. as its construction contractor to build America’s first offshore wind farm in Nantucket Sound. Cape Wind President Jim Gordon said, “We are confident this is the right team with the best skills and capabilities to successfully build Cape Wind and create


Statoil in New Field Development Offshore Canada

Planned Hebron GBS Platform: Image credit Statoil

The Hebron field development offshore Newfoundland and Labrador was sanctioned by operator ExxonMobil and its co-venturers. Located approximately 350 km offshore Newfoundland, the Hebron platform will be a concrete Gravity Based Structure (GBS) in 95 meters water depth. The Hebron field is estimated to produce more than 700 million barrels of oil. The platform is being designed for an oil production rate of 150,000 barrels of oil per day.


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.


Ezra Bags $70m in Offshore Contracts

Courtesy  Ezra Holdings

Ezra Holdings Limited, a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the Group’s Subsea Services division, EMAS AMC, has won multiple new awards from various energy companies valued at over US$70 million.


Rederij Groen Takes Delivery of 7-Waves

Photos courtesy of Damen Shipyards

Rederij Groen’s entire SRSV fleet built by Damen Maaskant Shipyards Stellendam. Dutch offshore services company Rederij Groen has taken delivery of the 7-Waves, the second of a total three identical Seismic Research Support Vessels. Once the third of these so-called offshore chasers will


Tuco Debuts New Wind Farm Service Boat

Image courtesy of Tuco Marine

Less than a week before the Offshore Energy 2014 Exhibition and Conference in Amsterdam the coming week, Tuco Marine disclosed the newest vessel in the ProZero series of Fast Rescue Boats, Daughter Crafts and Workboats; The New ProZero 11m Wind Farm Service Boat.


MacGregor Reorganizes into 7 Operative Divisions

MacGregor, part of Cargotec, announces changes in its operative structure and starts a reorganization into seven operative divisions which will become effective on January 1, 2015. The six new operative divisions together with Global Lifecycle Support as the seventh one will enable MacGregor to


Ocean Installer Enters Australian O&G Market

Normand Vision & Normand Mermaid.

Ocean Installer’s said that it has established office in Perth, Australia to meet demand for subsea construction services.  “This is the beginning of our presence in another promising region in line with Ocean Installer’s growth strategy


Autonomous Technology for Offshore Wind Farm

ASV Ltds C-Worker

  ASV Ltd in association with Planet Ocean Ltd, have received funding from the GROW:OffshoreWind initiative to investigate how the use of Autonomous Surface Vehicles (ASVs) could reduce the costs of offshore wind farm support. The project will look at using ASVs to reduce the cost of


GeoSea acquires HOCHTIEF Offshore Assets

HOCHTIEF is selling offshore assets to marine contractor and long-term partner GeoSea

DEME’s marine engineering specialist GeoSea acquires offshore assets of HOCHTIEF, one of Germany’s leading international construction groups. HOCHTIEF is selling offshore assets to marine contractor and long-term partner GeoSea


COWI NA Merges its Marine Companies

Photo courtesy of COWI NA

Ben C. Gerwick, Inc. and Ocean and Coastal Consultants, Inc. merger creates new player in the North American marine engineering market COWI North America, Inc. (COWI NA) announced that its two marine companies, Ben C. Gerwick, Inc. and Ocean and Coastal Consultants, Inc


Charity Selected for 2015 OTC Dinner

otc logo_new.png

The Offshore Technology Conference (OTC) announces the 2015 beneficiary of the Annual OTC Dinner—the Independent Petroleum Association of America (IPAA) and the Petroleum Equipment & Services Association (PESA) Energy Education Center for the benefit of the Energy Institute High School


Faststream Awards Inaugural Leadership Scholarship

Chad Fuhrmann (Photo: Faststream)

Faststream today named Chad Fuhrmann the recipient of its inaugural Scholarship for Leadership Excellence. The scholarship, valued at $9,500, will afford Fuhrmann the opportunity to attend a continuing education program hosted by Louisiana State University’s E.J


Repasa Puts New Stan Tugs to Work

Photo: Damen

Repasa performs first berthing duties with two new Damen Stan Tugs 1606; Spanish offshore support services provider extends reach to West Africa On October 13, Repasa's ASD Tugs assisted the berthing of a LNG tanker with great success. Yesterday the two Damen Stan Tugs 1606


Woodside's Farm in Agreement for Cameroon

Cameroon

  Woodside has finalised an agreement with Noble Energy and Glencore to farm in to the Tilapia Production Sharing Contract (PSC) off the coast of Cameroon. The 3875 km² block is located within the Douala Basin, offshore southwest Cameroon in water depths ranging from the shoreline to


Rolls-Royce Secures Island Offshore Contract

VARD shipyard in Brevik

Rolls-Royce has won a $11.3 million order to provide design, integrated power and propulsion systems and equipment for an offshore service vessel for Norwegian ship owner Island Offshore. The offshore service vessel will be built at VARD shipyard in Brevik


Ivory Coast Seeks Deepwater Oil Investors

(Source: Google Maps)

Ivory Coast will seek investors in its available offshore oil acreage, including seven new ultra-deep water blocks in the Gulf of Guinea, at a promotional event in Texas next week, a senior oil ministry official said on Tuesday. The West African nation will target companies including Exxon Mobil


Netsco Appoints Flores

Jan M. Flores

Netsco announces  Jan M. Flores, as Sr. Director of Business Development. Flores comes to Netsco from OSG (Overseas Shipholding Group) where he headed the FSO Group and was responsible for Business Development in the Offshore market. Prior to his assignment with the FSO Group






 
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