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Offshore Opportunities News

16 Jan 2020

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 ION’s existing regional UruguaySPAN data and subsurface knowledge, ION is reimaging 22,000 sq km of data over the country’s deep water blocks to create a contiguous volume for a holistic exploration perspective of the margin. "This program builds on ION’s 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 offering…

07 Jun 2019

Chinese J-Lay Design Gets LR AiP

Shanghai Merchant Ship Design and Research Institute has been granted approval in principle (AiP) by Lloyd’s Register (LR) for a J-lay heavy lift vessel concept design.The vessel’s 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.

16 Dec 2016

Could Offshore Crewing Requirements Make Things Worse?

(Photo: Joaquin Andres Bosqued)

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.

06 Apr 2016

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 industry’s 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 ‘IRANIMEX powered by Europort’. The 18th IRANIMEX exhibition, powered by Europort will be held from 18 – 21 October 2016 on the island of Kish.

16 Dec 2015

NOIA Rebuts “Red Herring” Study on Atlantic Development

“The 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. “No one can predict future government policy, but with the Atlantic lease sale proposed for 2021…

03 Apr 2014

WWH Increases Stake in NorSea Group

Image courtesy of NSG/WWH

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. “Increasing 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,” says Nils P Dyvik, group CFO in WWH.

12 Sep 2013

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…

28 Jun 2012

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 resources—including tracts off Alaska’s Arctic coast—available over the next 5 years. “A Five Year Leasing Plan is the most definitive policy action an Administration can take regarding our country’s 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 administration’s 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.

03 Jan 2012

BOURBON CEO Lefèvre Addresses Offshore Opportunities

BOURBON’s Chief Executive Officer, Christian Lefèvre

MarineNews caught up with BOURBON’s Chief Executive Officer, Christian Lefèvre. As BOURBON’s 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 “BOURBON 2015 Leadership Strategy Plan.” A total of 423 vessels – 251 crew / 70 deepwater…

16 Nov 2011

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 Bentley’s SACS offerings for the design and analysis of floating structures, further extending the company’s 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 world’s offshore engineers.

14 May 2008

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 ‘World Offshore Drilling Spend Forecast 2008-2012’ 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. “The 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%.