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Offshore Pay

Major Shallow Water Oil and Gas Find

Sperry-Sun, a Division of Dresser Industries, Inc., participated in drilling a significant crude oil and natural gas discovery in Anadarko Petroleum Corp.'s subsalt exploration program. This discovery - called Tanzanite - is located in the Gulf of Mexico at Eugene Island South Addition Block 346 in 314 feet of water about 75 miles offshore Louisiana. Anadarko believes the Tanzanite field contains at least 140 million boe. Sperry-Sun provided pressure-while-drilling (PWD) services from 11,000 ft. MD to TVD of 14,350 ft. in drilling the exploration well (the OCS-G 14482 No. 1) and provided full "triple combo" services from 11,800 ft. MD to 13,643 MD. In this latter portion of the well, 450 ft. of continuous hydrocarbon pay were encountered; three additional pay zones totaling approximately 70 ft. of net pay are also present in the wellbore. Sperry-Sun's triple combo services provided the log of record for the hole.


Hornbeck Completes Sea Mar Fleet Acquisition

Hornbeck Offshore Services, Inc., has completed its previously announced acquisition of 20 offshore supply vessels (OSVs) and their related business from certain affiliates of Nabors Industries Ltd. for cash consideration of $186m, plus the cost of the fuel inventory on such vessels. The Sea Mar Fleet is comprised of ten 200 class DP-1 new generation OSVs and ten conventional OSVs. The company also acquired one 285-ft


DOI Signs Agreement on 1998/1999 Lease

s ssistant Secretary of Land and Minerals Management, C. Stephen Allred signed agreements with BP, ConocoPhillips, Marathon Oil Company, Shell, and Walter Oil and Gas Corporation, addressing deepwater Gulf of Mexico offshore oil and gas leases issued in 1998 and 1999. Under the agreements these companies will pay royalties on oil and gas produced under leases issued in 1998-1999. Revenue will be received for products starting from October 1, 2006 onward.


Offshore Oil-Production Royalties to Rise Under New Budget

According to a Feb. 14 report from Bloomberg, Royalties paid to the U.S. by oil and gas companies for offshore production are forecast to increase 68 percent under President Barack Obama’s 2012 budget. Receipts will reach $5.97 billion in the year that starts Oct. 1, from $3.56 billion in 2010. Obama also is proposing $25 million in fees from energy companies that hold nonproducing oil and gas leases, part of the administration’s effort to provide taxpayers with higher revenue from


NOIA Applauds Passage of HR 1230

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Washington, D.C. – The National Ocean Industries Association (NOIA) congratulates the U.S. House of Representatives for the bipartisan passage today of H.R. 1230, “Restarting American Offshore Leasing Now Act.”  If enacted by the full Congress and signed into law by the President, the bill requires that federal offshore lease sales that have been delayed start up again in the Gulf of Mexico and off the east coast of the United States.


Swissco Enters Offshore Rig Charter Business

Swissco Group expanding upstream into the offshore rig chartering business with the acquisition of Scott and English Energy. Scott and English Energy is in the business of owning and leasing mobile offshore drilling units and service rigs to support major oil and gas corporations in their exploration and production (E&P) activities. Operational synergies expected with the acquisition, providing Swissco Group with a diversified earnings base with stable, recurring income


Pelosi: Case Needed for Offshore Drilling

House Speaker Nancy Pelosi said that expanded oil drilling in federal waters could be included in a broader energy bill if advocates can prove its effectiveness as a solution to 's energy problems. In a television interview yesterday, Pelosi said the oil industry and its allies in Congress also would have to agree to pay royalties on oil profits to fund the development of renewable energy resources. The California Democrat


Strategic Marine Sells Two Crewboats

Two more aluminum crew boats being constructed “on spec” by Australian shipbuilder Strategic Marine have been sold, indicating the company’s calculated decision to meet rising demand for offshore vessels in international shipping markets is paying dividends. The new order from Malaysian offshore servicing company Dinastia Jati Sdn Bhd, is for two 40m utility vessels which will be built at Strategic Marine’s yard.


Purchase Of The Business And Certain Assets Of BMT Marine

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Braemar is pleased to announce the purchase of the business and certain assets of BMT Marine and Offshore Surveys Limited (“BMTMOS”) on 6th May 2011 from the Administrator, Deloitte. BMTMOS provides Hull and Machinery, P&I and Marine Warranty survey services around the globe; clients operate primarily in the insurance, shipping and offshore industries. BMTMOS has 94 employees, most of whom are marine surveyors, who operate from 21 offices around the world


Centrica, Dong Form Wind-Farm Venture for Irish Sea Projects

Centrica Plc. and Dong Energy A/S said that they had formed a joint venture to develop offshore wind farms in the Round 3 Irish Sea Zone. Dong Energy will pay Centrica as much as 40 million pounds in cash for a 50 percent interest in the venture, according to a regulatory statement today. (Bloomberg)  


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.   


Panamax Vessel Delivered to Diana Containerships

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Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v YM New Jersey, a 2006-built Panamax container vessel of approximately 5


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


Technip dividend FY 2014

TECHNIP WORLDWIDE

  At the Annual General Meeting, held today, Technip’s shareholders approved the proposed €2.00 per share dividend for the 2014 financial year and decided to offer shareholders an option to receive the dividend payment in shares.


Dubai: New Drydocks Record

Photo: Drydocks World

 Drydocks World, the international service provider to the shipping, offshore, oil, gas and energy sectors, handled 37 projects simultaneously in the Dubai yard, exceeding the previous record of 35 vessels.   “Since January 2015 Drydocks World has increased the rate of vessel


SPE Award for Survitec Group

Greg Allanach, European MD of Survitec Courtesy Linkedin

  Two safety and survival systems developed for use in the UK’s offshore sector by the Survitec Group were recognised for their industry-leading importance when they won the Safety Innovations Award in the recent Offshore Achievement Award organised by the Society of Petroleum


ASRY Rig Division’s Deliveries All on Time in 2014

In 2014, ASRY Offshore Services completed every one of its repair scopes within schedule, on-budget, and with leading safety standards.   ASRY, a ship and rig repair yard in the Arabian Gulf, has confirmed that its Offshore division, which specializes in rig repairs


New Bibby Offshore Vessel Christened

Olympic Bibby (Photo: Bibby Offshore)

On Thursday, April 9, the official naming ceremony took place for inspection repair and maintenance (IRM) light construction vessel Olympic Bibby, at the Kleven Shipyard, Norway.   The ceremony saw the vessel’s official Godmother Connie Brown


Meyer Werft Buys Finland out of Turku Shipyard

Photo: Meyer Turku

Germany's family-owned Meyer Werft shipyard is buying the Finnish state out of Turku shipyard in southwestern Finland, the government said on Wednesday. Meyer Werft and the government last year bought the troubled shipyard from Korean trade and ship corporation STX


Taylor to Chair NOIA Board

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  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.  


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


HK Dockers Threaten to Strike Over Wages

A pic of Hong Kong Dockers Strike (Courtesy: Hong Kong Dockers Union Facebook page)

 The Hong Kong Dockers Union has threatened industrial action - that may involve a strike - if operators continue to ignore their demand for a 8.5-percent wage increase this year.   The union is an affiliate of the Confederation of Trade Unions and made their demands known at the start


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






 
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