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Offshore Unit News

20 Apr 2023

Keppel's Profit Boosted by Sale of Offshore & Marine Business

Credit: Keppel O&M

Singaporean conglomerate Keppel Corp Ltd on Thursday posted a higher net profit for the first quarter, boosted by a significant one-off gain recognized from the sale of its offshore & marine unit.In February, Sembcorp Marine completed a S$4.50 billion ($3.37 billion) buyout of Keppel's offshore & marine unit after receiving the necessary shareholder approvals.Keppel recognized a gain of S$3.3 billion and received S$500 million of cash in the first quarter following the transaction, it said.The company did not disclose a profit figure, but said that revenue for the quarter was S$2.26 billion, u

28 Feb 2023

Singapore's Keppel Completes $3.34B Sale of Offshore Unit to Sembmarine

(Photo: Keppel Offshore & Marine)

Singapore's Keppel Corp said on Tuesday that Sembcorp Marine (Sembmarine) has completed a S$4.50 billion ($3.34 billion) buyout of its offshore & marine unit after receiving the necessary shareholder approvals. ($1 = 1.3484 Singapore dollars) (Reuters - Reporting by Jaskiran Singh in Bengaluru; Editing by Savio D'Souza)Sembcorp Marine to Buy Keppel Offshore & Marine for $3.2B, Scraps Merger Plan

23 Nov 2022

ABS Publishes Detailed Requirements for Composite Repairs

The ABS Requirements for Bonded and Composite Repairs of Steel Structures and Piping is the latest in a portfolio of technical requirements from the classification organization to support the marine and offshore industries.Particularly with offshore structures that remain at their operation sites for long periods of time, corrosive damage is frequently discovered yet difficult to repair using traditional methods that involve hot work welding and drydocking. Instead, adhesively bonded repairs can be used which can reduce operational downtime, minimize disruption onboard and reduce safety risks.The new ABS document adds clear details for…

15 Nov 2021

Italian Coast Guard Orders New Multi-mission Ship

(Image: Fincantieri)

The Italian Coast Guard on Monday signed a contract for the design and construction of a new multi-role offshore unit (UAM) for missions ranging from sea rescue to maritime safety, from marine conservation to fish resources protection, as well as civil protection.The signing took place in Rome at the headquarters of the General Command of the Harbor Authorities - Coast Guard between the Commanding General, Adm. Inspector Nicola Carlone, and the CEO of Fincantieri, Giuseppe Bono…

05 Oct 2021

Anchor Strike May Have Caused California Oil Spill

(Photo: USCG)

More oil from a massive offshore spill landed on the southern California shore on Monday, with beaches closed and dead fish and birds washing up on shore as officials investigated whether a ship anchor striking a pipeline could have triggered the leak.Crews dressed in white coveralls and helmets raced against an approaching storm as they cleaned damage from 3,000 barrels (126,000 gallons) of oil that spilled into the Pacific Ocean in recent days from a pipeline connected to an…

19 Aug 2021

ABS to Class FPSO Pair Being Built for Petrobras Buzios Field

 An FPSO in Brazil - Credit: Ranimiro/AdobeStock

The American Bureau of Shipping said Thursday that an FPSO duo being built for Brazil's Petrobras would be constructed to ABS Class.The sister FPSOs are currently named P-78 and P-79 and will be deployed at the giant Buzios pre-salt offshore oil field in Brazil's Santos Basin.ABS said that the fact the FPSO duo would be built to its Class demonstrated ABS’ continued leadership in the industry, with ABS Class accounting for 60% of all FPSOs in service. Around 70 percent of FPSOs in Brazil are ABS Class…

12 Nov 2020

Aquaculture: Inside the De Maas’ Offshore Fish Farm

Image Courtesy De Maas.

As attention increasingly turns to ocean health and sustainability, an innovative new fish farm solution was deployed earlier this year when the De Maas’ Semi-submersible Spar Fish Farm (SSFF) became the world’s first offshore farm installed at an open ocean location exposed to tropical storms. MTR recently visited – virtually – with co-founder Philip Schreven for insight on the design and operation particulars of their innovation.How did you became involved in this unique niche of the maritime industry?Mark van Leeuwen and I founded De Maas in 2007 as an offshore oil and gas services company.

23 Oct 2020

Digitizing Risk-based Integrity Management of FPSOs

Image courtesy ABS

Industries are adapting to an increasingly digitalized landscape. The floating production, storage and offloading (FPSO) industry is no different. As concerted efforts are made to improve project economics Matt Tremblay, ABS Senior Vice President, Global Offshore, discusses how digitalization can increase safety, reduce costs, and build robust technical and operational capabilities.No one could have predicted what a challenging year 2020 would become. Offshore production activity fluctuated dramatically with changing market economics and a global pandemic…

05 Nov 2019

SGRE Posts 10.9% Growth in Offshore Sector

Spanish-based engineering company Siemens Gamesa Renewable Energy  (SGRE) closed the fiscal year ended September 30 with double-digit growth (+10.9%) in offshore unit due to new markets, mainly Taiwan, which contributed 1.5 GW in firm orders.Meanwhile, Service orders increased by 13.4% in FY 2019, to €2,715m. This business unit, which contributes with very profitable contracts, accounts for 47% of the company's order book.Wind power has strong potential and significant growth opportunities in the long-term. According to the International Energy Agency, average annual wind installations will practically double by 2040, with €5 trillion of investment by 2050.The order backlog at Siemens Gamesa rose 12% year-on-year to €25.5bn as its order intake grew by 7.4% to €12.7bn.

12 Jun 2019

Offshore: New Project Pace Quickens

As the oil and gas industry comes out of the recent downturn, E&P companies are tempted to chase the rewards of higher oil prices by accelerating the sanctioning of new projects.However, haste can lead to less certainty of what the ultimate cost of any given project will be. Projects with high levels of so-called engineering definition are generally expected to remain within about 20% of the initial cost estimates, according to Rystad Energy.“For offshore operators, that means the expected variation for projects to be sanctioned during the period from 2019 to 2023 could be as high as $220 billion,” says Matthew Fitzsimmons, Vice President of Rystad Energy’s Oilfield Service Research division.

23 Apr 2019

Marine Corrosion: AI & Corrosion Detection

Photo courtesy of ABS

ABS, Google Cloud and SoftServe completed a pilot project applying artificial intelligence (AI) models to detect levels of corrosion and coating breakdown on ships and offshore structures.The project demonstrated the accuracy of AI in detecting and assessing structural anomalies commonly found during visual inspection. AI techniques could be further used to analyze images over time to understand corrosion and coating breakdown trends.“Digital innovation in AI will change how surveys and maintenance strategies are executed…

30 May 2018

Refit for Jack-up at Damen Verolme Rotterdam

Damen Verolme Rotterdam (DVR)  completed a refit project on the MPI Enterprise, a 120-metre, self-elevating, DP2, wind turbine installation vessel owned and operated by MPI Offshore, part of the Vroon Group. The works included the installation of spudcans on her four-legged jacking system, which can elevate the vessel at rate of one metre per minute in water depths up to 45 metres. Acquired by Damen Shipyards Group in June 2017, DVR is one of the largest refit and repair yards in Western Europe, capable of accommodating any seagoing vessel or floating offshore unit. Damen Shiprepair & Conversion has worked with MPI Offshore in the past.

05 Dec 2017

DNV GL Support for Dana Petroleum Western Isles FPSO

DNV GL has been supporting Dana Petroleum on the development of the Western Isles field and the Western Isles floating production storage and offloading (FPSO) vessel as it progressed towards first oil, which was achieved earlier this month. DNV GL has been engaged by Dana since 2012, as the classification society, verification body and marine warranty provider on the Western Isles FPSO, a Sevan Series 400 cylindrical monohull with a 44,000 bbl/d topsides facility. Uniquely, it is not only the first complete engineering procurement and construction (EPC) FPSO project constructed in China, but also the first offshore unit in China to comply with the UK continental shelf legislation requirements.

02 Jun 2016

CIMC Shelves Sinopacific Acquisition

CIMC Enric, an affiliate company of China International Marine Containers (CIMC), has announced that it has terminated the acquisitions of Sinopacific Offshore & Engineering (SOE), the offshore unit of Sinopacific Shipbuilding. CIMC Enric said the Board decided not to proceed with the proposed acquisition of the entire equity interest of SinoPacific Offshore & Engineering Co., Ltd. as certain conditions precedent have not been fulfilled or waived. Last year, CIMC  has struck a deal with Evergreen Holding and its subsidiaries to acquire Nantong SOE for at least CNY700 million (USD109 million) in cash and shares. In the meantime, the Board is considering various alternatives in protecting the rights and values of the Group's interests in the target company…

02 Feb 2016

Zentech Inks Deal for Two Z-210 with CSSC

Zentech Incorporated of Houston, Texas, USA signed contracts with CSSC Huangpu Wenchong Shipbuilding Company Limited for the construction of (2) Z-210 Mobile Offshore Units. These contracts were finalized based on the Letter of Intent received by CSSC Huangpu Wenchong Shipyard on September 23,2015. The Z-210 is a self-propelled, self-elevating, DP-2 capable, ABS Class, high temperature (55 deg Celsius) rated 4-legged mobile offshore unit capable of operating in water depths of up to 280 feet. The wide array of unique and innovative features of the Z-210 has already captured the attention of operators and one of these units has already been secured by an undisclosed operator in Asia!

21 Sep 2015

NMA Prohibits CO2 Firefighting on MODU's

Statutory Alert: The Norwegian Maritime Authority (NMA) has updated Regulation No.227 on precautionary measures against fire and explosion on mobile offshore units, with effect from 1 January, 2015. Section 10.2.1 prohibits using carbon dioxide or other gases which are toxic to humans in the concentrations necessary to extinguish fires in machinery spaces and other spaces of high fire risk. foreign-registered mobile offshore units requiring a Letter of Compliance (LOC). Any foreign…

10 Aug 2015

Complex Steel and Cofferdam Repairs Carried Out Afloat

Photo courtesy of Hydrex

Hydrex has an in-house Research & Development department that can take care of the engineering aspects of an operation. In this way turnkey solutions can be offered for complex hull and other repairs that require the construction of specific equipment. All the projects are engineered and carried out in close cooperation with the customer and any third party suppliers. R&D evaluates the feasibility of an underwater repair, continue through design and construction of customized equipment and go all the way through to successful execution of the repair or replacement and subsequent follow-up.

15 Jan 2015

Major Oil Rig Contract for Harland and Wolff

In a multi-million pound boost to the Northern Ireland economy, Belfast ship builder Harland and Wolff has secured a contract to carry out major work on an oil rig. Dolphin Drilling Limited has awarded H&W the contract for the drydocking and Renewal/Special Periodic Survey of its Byford Dolphin Mobile Offshore Drilling Unit (MODU). H&W Director of ship and offshore unit repair, James Lappin said that this was a significant project for Harland and Wolff and for Northern Ireland. As well as employment opportunities, the supply chain within Northern Ireland will see significant activity in support of the project, he added. Around 1,000 contractors will be employed to overhaul the structure for up to 10 weeks and 60 permanent staff are to be recruited, the Belfast firm announced.

25 Nov 2014

SENER Presents at SNAME Convention

Rodrigo PĂ©rez during the presentation (Photo: SENER)

SENER took part once again in the Annual Society of Naval Architects and Marine Engineers (SNAME) Convention in the U.S., this time in Houston from October 20-24. Between the different activities during this event that congregates most part of the ship design and production community, it is organized the Ship production Symposium, with the aim of showing the most innovative innovations in this sector. SENER presented a work titled “The ultimate approach for general arrangement definition,” written by Verónica Alonso and Rodrigo Pérez and presented by the latter.

12 Nov 2014

New Collision Guidance for the Offshore Industry

Mitigating the risk of collision at sea requires an understanding of the causes. The new industry guidance issued by Lloyd’s Register aims to help make offshore operations safer for marine and energy operators. Lloyd Register’s new Guidance Notes for Collision Analysis assist owners, operators and designers of offshore units with identifying potential collision scenarios, assessing the relative risks and conducting numerical analysis, establishing representative collision loads and measuring the impact of these loads on the structural integrity of offshore units. A collision may occur as a result of a vessel losing its positioning or navigational abilities due to structural, mechanical or electrical failure, human error and environmental conditions.

02 Jun 2014

World’s Largest Liftboat Up for Delivery

SUDA 450-L3T (Photo: A. K. Suda, Ltd.)

SUDA 450-L3T, a 450-foot (137.25-meter) truss-legged liftboat, designed by A. K. Suda, Ltd. and built by Triyards Marine, Saigon Shipyard in HCMC, Vietnam, reported to be the world’s largest liftboat, is being delivered to its owners, EMAS Offshore of Singapore at the end of 2nd Quarter 2014. This state-of-the-art vessel is a three-legged, self-propelled, self-elevating general service workboat, known as the BH-450, and is suitable for operation in the North Sea. It is an ABS classed with Unrestricted Service…

24 Feb 2014

Teekay Offshore Buys Towage Firm, Orders New AHTS Vessels

AHTS in ALP Colours: Photo courtesy of Teekay Offshore

Teekay Offshore Partners say they have agreed to acquire ALP Maritime Services B.V. (ALP), a Netherlands-based provider of long-haul ocean towage and offshore installation services to the global offshore oil and gas industry. ALP currently provides these services through a fleet of third-party owned vessels. As part of the transaction, Teekay Offshore and ALP have ordered four state-of-the-art towing and anchor handling vessel newbuildings, which will be capable of ultra-long distance towing…

15 Jan 2014

GIMF Completes Construction of New Liftboat, The Bellator

The Bellator (Photo: Gulf Island Marine Fabricators)

Gulf Island Marine Fabricators (GIMF) has just completed construction of a new liftboat, The Bellator, for C.S. Liftboats, Inc, Abbeville, La. The Bellator is ABS Classed A-1, AMS, and Mobile Offshore Unit. The new boat, designed by A.K. Suda Inc. Metairie, LA measures 150’x118’x12’-8” and carries accommodations for 46 people. The new liftboat features three 300-foot legs with a working depth of 235 feet and a maximum deck elevation of 282 feet above the mud line. The Bellator has 9…

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