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Offshore Receives

Jackson Offshore Receives Minority Certification

Lee Jackson, President and CEO of Jackson Offshore LLC, a provider of high specification crewboat services in the U.S. Gulf of Mexico, announced the company’s recent certification as a minority business in the state of Louisiana. Jackson Offshore was formed in part to provide dedicated crewboat services to major oil and offshore service companies wishing to contract with companies involved in the reinvestment and rejuvenation of southern Louisiana and especially New Orleans. The company is based in downtown New Orleans and is similarly dedicated to advancing minority participation in the US offshore marine industry. In addition to Lee Jackson’s majority ownership, Jackson Offshore is also comprised of equity partners Rigdon Marine Corporation, a U.S. Flag operator of next generation platform supply, fast supply and crewboat services, and BOURBON, a French conglomerate in the offshore industry. Both Rigdon Marine and BOURBON have been strong supporters in the rebuilding process of private enterprises along the Gulf Coast after the devastating hurricanes in 2005.


Horizon Offshore Receives Southeast Asia Contract

Horizon Offshore, Inc.’s subsidiary, Horizon Marine Construction, Ltd., has been awarded a contract by Brunei Shell Petroleum Company Sdn. Bhd (BSP) to perform several installations off the coast of Brunei, beginning the second quarter of 2003. Services provided by Horizon will include project management and installation of a four-pile jacket, drilling deck, two 880-ton compressor modules, and living quarters. In addition to the structural work, Horizon will provide the installation


Diamond Offshore Receives Ocean Baroness

Diamond Offshore Drilling Inc. reported net income of $22.6 million, or $0.17 per share on a diluted basis, on revenues of $193.7 million for the first quarter of 2002, compared to net income of $36.8 million, or $0.27 per share on a diluted basis, on revenues of $205.2 million for the first quarter of 2001. Diamond Offshore also announced the delivery of the "Ocean Baroness," an ultra-deepwater upgraded semisubmersible, which began its short term contract with Murphy Sabah Oil Co. Ltd


Tanjung Offshore to Take 5

TANJUNG Offshore Bhd, an O&G service provider, expects to receive five more vessels in the second half of this year, according to a report on http://biz.thestar.com.my. Tanjung Offshore said the five vessels are comprised of three anchor-handling tug supply, one well-testing vessel, and one tug and utility boat. Currently, Tanjung Offshore owns and operates seven vessels servicing the O&G industry. Besides offshore support vessels (OSVs)


Gulf Lease Sale Attracts $487.2m in Bids

Secretary of the Interior Dirk Kempthorne announced that the Western Gulf of Mexico Oil and Gas Lease Sale 207, held in New Orleans, attracted $487,297,676 in high bids. The sale was conducted by Interior’s Minerals Management Service (MMS) and had 53 companies submitting 423 bids on 319 tracts comprising over 1.8 million acres offshore Texas. The sum of all bids received totaled $607,134,968. “In the midst of the national discussion about energy production


Troms Offshore Receives PSV from STX Søviknes Shipyard

Troms Offshore Supply has received its new build Platform Supply Vessel no 773 at STX Søviknes shipyard in Norway The ship will be given the name MV Troms Sirius in a naming ceremony to be arranged in Stavanger Troms Sirius is a 'Clean Design' diesel electric PSV (Platform Supply  Vessel) with a deck area of  1.020m2 and consequently one of the largest PSV ships operating in the North Sea.  Engines and propulsion in combination with advanced catalyst technologies ensure


Diamond Offshore Granted Contract of Three

Diamond Offshore Drilling Inc. has received three drilling contracts awarded by Mexico's state-owned oil company Petroleos Mexicanos S.A. (PEMEX) for three of its semisubmersible rigs. The work, which is expected to generate total combined revenues of approximately $272 million, will take place in the Gulf, offshore Mexico, and is scheduled to begin in late July 2003. The Ocean Worker, now completing a job in the U.S. Gulf of Mexico, will be contracted for 1,462 days


Offshore Books $1M Of New Business with USCG

Offshore Systems International Ltd. has received orders from Marinette Marine Corp. Shipyard for ECPINS systems for USCG Sea Going Buoy Tender WLB hulls 6 and 7 with an option for an additional nine systems through the year 2003. In addition, Offshore's wholly-owned U.S. subsidiary, Offshore Systems International Inc., has been selected by the USCG and Bollinger Shipyard to provide the Yokogawa EML500HV1 Electromagnetic Speed Log for the new USCG Coastal Patrol Boat (CPB) Program


MarAd Approves Five Applications

The Maritime Administration (MARAD) has approved five applications under section 9 of the Shipping Act, 1916, as amended. They include: · Coastal Towing, Inc., Spring, TX, has received approval to sell the 1,454-gross-ton tank barge COASTAL 2007-L to Overseas Bureau Shipping, a Panamanian corporation, and transfer said Vessel to Panamanian registry and flag. The vessel was built in 1977 in Nashville, TN. · C. S. Liftboats, Inc


NOIA President Supports Energy Exploration, Development

During the testimony today at a Senate Energy and Natural Resources Committee hearing on offshore energy revenue sharing, National Ocean Industries Association (NOIA) president Randall Luthi urged Congress to take the next step in enhancing America’s energy security, energy reliability and American jobs by increasing access to the Outer Continental Shelf (OCS) for energy exploration and development. “Only by providing additional oil and natural gas lease sales in more of the


Diamond Offshore profit falls as rig demand softens

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a 17 percent drop in quarterly profit as demand fell for rigs used in deep water drilling. Contract drillers face a tough year as vessels ordered during boom times are delivered just as energy


Fincantieri Offshore Chooses AVEVA Software

Fincantieri Offshore is using AVEVA Marine software in the concept design phase of Proxima.

One of the world’s largest shipbuilders uses AVEVA software to design next-generation drillship. Fincantieri Offshore has signed a contract with AVEVA to implement AVEVA Marine software in the concept design phase of Proxima, a major offshore drillship project


HHI to Deploy 3DEXPERIENCE Design Platform

Hyundai Heavy Industries Selects Marine & Offshore Industry Solution Experiences for Design and Engineering of Offshore Structures Dassault Systèmes, the 3DEXPERIENCE Company, a company in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions


Diamond Offshore Shares on the Rise

Photo courtesy Diamond Offshore

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices, sending its shares up as much as 10.5 percent. The company - owned 50


RS Expands Participation in Offshore Projects

Russian Maritime Register of Shipping (RS) is to undertake ship construction survey for the Lukoil Group. This project follows the RS effective cooperation with one of the major RF oil companies in developing offshore hydrocarbon resources.


Coast Guard Seeks Comment on New Safety Training

U.S. Coast Guard advance notice of proposed rulemaking seeks comments on maritime safety training requirements   The U.S. Coast Guard Monday, April 14, 2014, announced the publication of an advance notice of proposed rulemaking involving the possible expansion of its maritime safety


Pioneering Tech for Offshore Wind Farm Maintenance

Image Courtesy James Fisher Renewables

James Fisher Renewables pioneers trial of innovative Ship-to-Turbine Oil Change System James Fisher Renewables conducted an innovative trial of Ship-to-Turbine (STT), an oil change system set to significantly improve safety, efficiency and reduce down time in offshore wind turbine gearbox oil


Topaz secures another West Africa contract

Topaz-faye DP2 platform

Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, today announced a new contract win for its fast growing West Africa operation. Under the terms of the US$ 11 million agreement


POSH raises $311m in Singapore IPO

Image: POSH file photo

POSH prices IPO at S$1.15 per share, near bottom of indicative range. POSH focuses on service to production, maintenance and is keen on growing offshore accommodation business. PACC Offshore Services Holdings (POSH) could raise at least S$388


YPF Tenders to Buy Fuel Oil for June

State-run oil company YPF launched its second fuel oil tender in April, this time to buy two 50,000 metric ton cargoes (some 375,000 barrels each) to be received in June and supplied to domestic thermoelectrical companies, according to a document seen by Reuters on Thursday.


Ex-BP Employee Settles Insider-trading Oil Spill Case

A former 20-year veteran of BP plc who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges alleging he used non-public information about the disaster to commit insider-trading, U.S. regulators said on Thursday.


SSI Rep Sponsors Brazilian Offshore Seminar

SSI and its representatives continue to engage with leaders of the shipbuilding and offshore industry to help increase productivity and solve business challenges. On April 23, Sincronia, SSI's representative for ShipConstructor software in Brazil


If You Have DPS Questions ... OSVDPA Has Answers

Aaron C. Smith

Over the past two years, the only constant in the dynamic positioning industry has been uncertainty. A new certification scheme, a long-awaited revision of the industry standard and threats of regulation continue to cause oscillating senses of hope and fear


UK Subsidises 8 Renewable Energy Contracts

Wind farm file photo

The British government on Wednesday awarded investment contracts under a new subsidy regime to eight renewable energy projects, including five offshore wind farms and three biomass plants. The projects together are worth 12 billion pounds ($20 billion) and will support 8


Wärtsilä Reports Healthy Ship Power Sector in Q1 2014

Engine control room: Image courtesy of Carnival

In its interim financial report January to March 2014 Wärtsilä notes healthy development in ship power and services offsetting challenges in power generation markets. Highlights of period January-March 2014 Order intake decreased 16% to EUR 1,142 million (1,352)


 
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