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Offshore Wins

Thai Offshore Supplier Gets Chevron Contract

Singapore's Miclyn Express Offshore's Thai J/V partner, Uniwise Offshore, wins Chevron marine support contract for Gulf of Thailand operations The 3 year firm contract with plus 2 x 1 year extension options is to provide coil tubing marine support services to Chevron`s production activities in the Gulf of Thailand. Uniwise Offshore will purchase a Platform Supply Vessel currently under construction in a Chinese Shipyard, to fulfil the service requirements. The vessel will commence operation in October 2012. The new contract is a continuation of a long standing relationship with Chevron in the region. CEO Diederik de Boer said, “This new vessel represents our sixth Offshore Service Vessel servicing Chevron in the Gulf of Thailand. We have been able to leverage off our strong operating track record in Crew/Utility Vessels to further increase our exposure to Chevron’s OSV operations. We look forward to further developing our relationship with Chevron and continuing to service them with operational excellence”. Miclyn Express Offshore is a leading provider of service vessels to the expanding offshore oil and gas industry, across South-East Asia, Australia and the Middle East. The Group charters a diverse range of OSVs, Crew/Utility Vessels, Tugs, Barges and Coastal Survey Vessels to a wide range of customers operating across all phases of the offshore oil and gas cycle, namely exploration, development and production


Samsung Heavy $630M Orders for Tankers, Offshore Platform

Samsung Heavy Industries Co., South Korea's third-largest shipbuilder, said it has won orders worth a combined $630m for five oil tankers and an offshore. Under the deal with a Norwegian customer, Samsung Heavy will deliver the oil tankers by 2013. Another deal with a U.S. customer calls for the shipbuilder to deliver the offshore facility by 2013. With the deals, Samsung Heavy has won deals valued at $6.1b in 2010. For the year, Samsung Heavy aims at winning $8b worth of orders.


Daewoo Ship, STX Offshore Lead Advances Among Korean Shipyards

According to a Nov. 1 report from Bloomberg, STX Offshore & Shipbuilding Co., the world’s fourth-largest shipyard, led advances among South Korean shipbuilders in Seoul trading on expectations that growing global trade will prompt more orders. STX Offshore gained 8.1 percent to 28,550 won, the highest price since August 2008, at the 3 p.m. close of trade in Seoul. Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipyard, climbed 3


WINS & POSH Form Indonesian Offshore J/V

WINS AHTS Vessel: Photo credit PT Wintermar Offshore

PT Wintermar Offshore Marine Tbk (WINS) joins with PACC Offshore Services Holdings Ltd (POSH) for Indonesian oil and gas joint venture. The joint venture will own and operate two units of Indonesian flagged 100+ tons bollard pull AHTS, “WINPOSH Rampart” and “WINPOSH Resolve”, both of which have been awarded contracts to support drilling activities for a multinational oil and gas company for up to two and half years.


Report: Hyundai Wins $900m Offshoe Order

According to a report on Yonhap News, Hyundai Heavy Industries won a $900m deal for offshore platforms and other facilities off the coast of Africa. Hyundai Heavy reportedly will build two offshore gas platforms and other facilities by the end of 2014. With the contract, Hyundai Heavy has won orders valued at $19.8 billion thus far this year.  


Korea's STX Offshore Debt to Equity Swap Hastened

STX Offshore & Shipbuilding Co. will issue new shares worth 38.4 billion won (US$36.5 million) as part of its debt-to-equity swap scheme. The shipbuilder will float 15.37 million shares, which will be listed on the main Seoul bourse on Jan. 9, 2014, reports Yonhap News Agency. Yonhap cite Jeong Yu-mi, a spokesperson for STX Offshore & Shipbuilding, as informing that trhe new share issuance is part of the 700 billion won debt-to-equity swap program aimed at stabilizing the company


EPC Offshore Wins Hurricane Field Contract

Chief executive officer Keith Wallace

Project management contractor EPC Offshore has won a major contract to select the optimum concept for the development of Hurricane’s  Lancaster Field, one of the most significant oil discoveries in the West of Shetlands in recent years. Hurricane has a 100 per cent holding in the field and has a CPR (competent person’s report) indicating 2C Contingent Resources of over 200 mmbbl of recoverable oil. The year-long contract, worth approximately £2 million


Offshore Oil Exploration to Start Early 2009

Minister of Oil and Gas Affairs and Head of the National Oil and Gas Authority (NOGA) of Bahrain Dr. Abdulhussein Bin Ali Mirza has said that exploration and drilling for oil in the offshore areas would start by early 2009; he added that 2008 would be spent studying the areas geologically and geophysically. Three companies from among 24 that were competing had reportedly won the right to explore in four offshore areas. [Source: http://english.bna.bh]


Kleven Maritime to Build Six for Siem

Norwegian shipbuilding group Kleven Maritime AS won a $477m contract to build six ships for Siem Offshore, the companies announced. Kleven said the contract shared by its two western Norway yards was the largest in its history. The shipyards will deliver six, 292-ft. anchor handling tugboats during 2009 and 2010, with an option for six more in 2010. The ships will be capable of anchor handling as well as construction work for the offshore oil industry.


Hyundai Heavy Awarded $750M Order

Hyundai Heavy Industries Co. has received a $760 m order from Exxon Mobil Corp. to assemble an offshore facility that can extract, refine and store crude oil. Hyundai Heavy is to install the facility in Angola's Kimzomba field by June 2005, and deliver it a month later after test-runs. Hyundai Heavy has also won a $160 million offshore facility construction order from China's ACT-OG, a joint venture of CNOOC Ltd. (CEO), Chevron Overseas Petroleum, Texaco China B.V. and Operators Group.


China Shipyards Win US$100-Million OSV Contracts

OSVs in port: File photo

COSCO Corporation (Singapore) Limited says that its subsidiary Dalian and Guandong shipyards in China have won the following offshore vessel construction contracts: 1. COSCO (Dalian) Shipyard Co., Ltd., has secured a contract from an Asian company to build four Emergency Response / Rescue / Field


Offshore Service Vessels Design Innovation

PSV World Sapphire from Damen (Photo courtesy Damen)

It could be argued that no other sector of the maritime market has experienced a design innovation revolution quite like the Offshore Service Vessel (OSV) market. Driven by demands to supply people, gear and goods to offshore installations that are increasingly further from shore in deeper waters


Samsung Heavy Takes Up 7 Container Ship Order

Container ship file photo

 South Korea's Samsung Heavy Industries said on Wednesday that it is proceeding with a project worth 642.9 billion won ($617.67 million) to build seven container ships as planned. The shipbuilder won the order from Chilean shipping firm Compania Sudamericana de Vapores (CSAV) a year ago


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


Topaz Secures another West Africa Contract

The Topaz Faye

Topaz Energy and Marine, an offshore support vessel company with primary operations in the Middle East and Caspian, announced a new contract win for its fast growing West Africa operation. Under the terms of the $11 million agreement, Topaz will supply a global oil major with a platform supply


Petrobras HQ Raided by Brazil Police

Petrobras headquarters (Photograph: Bloomberg/ Getty)

Brazil's Federal Police raided the headquarters of state-run oil company Petroleo Brasileiro SA in Rio de Janeiro as part of a money-laundering probe, two sources with direct knowledge of the operation told Reuters on Friday. The police said they were exercising 23 search and arrest warrants in


Samsung Heavy Wins Drillships Order

Samsung Heavy Industries Co Ltd said on Wednesday it won a 1.34 trillion won ($1.27 billion) order to build two drillships for an unnamed firm based in or near Australia.   The South Korean shipbuilder said in a regulatory filing the contract was expected to be completed by June 2017


Keppel Extends Strategy into China

Company signs agreement to manage a shipyard in Quanzhou, China.   Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly owned subsidiary, FELS Offshore Pte Ltd, has signed a management services agreement with Titan Petrochemicals Group Limited (Titan) - a company in which


S.Korea's Samsung Heavy wins $1.27 bln drillships order

Samsung Heavy Industries Co Ltd said on Wednesday it won a 1.34 trillion won ($1.27 billion) order to build two drillships for an unnamed firm based in or near Australia. The South Korean shipbuilder said in a regulatory filing the contract was expected to be completed by June 2017. ($1 = 1052


Boat of the Month: M/V HOS ACHIEVER

Achiever 4.jpg

Accommodations, Features and Comfort combine with Safety. All are key for Offshore Housing missions. Deepwater operations are increasingly demanding more personnel offshore, often for longer periods of time, placing a greater emphasis on crew accommodation


Editor's Note

Joe Keefe New photo.jpg

Even if, as Marcon International’s Bob Beagle says, barges are the workhorses of the towing industry, then the pushboats that propel the 38,000 (documented and undocumented) deck, hopper, tank, crane and miscellaneous purpose barges to their destinations are the heart and soul of the most


Intellian FleetBroadband Terminals for 38 Containerships

Photo courtesy of Intellian Technologies

Intellian has won the contract to supply Hanjin Shipping of South Korea, with FleetBroadband FB500 terminals for a fleet of 38 container ships. The installation process has already commenced and will be completed by Intellian over the coming months as the ships arrive into port.


Offshore firm's IPO may give Singapore market shot in the arm

This would be only the second mainboard IPO in Singapore this year. Singapore's IPO market lacklustre in recent years, but oil and gas related offerings find favour in Singapore. A major operator of maritime support vessels controlled by Malaysia's richest man is seeking up to $380 million in a


Gudrun on Stream

The Gudrun platform (Photo: Harald Pettersen/Statoil)

At 7:25 a.m. on April 7, Statoil and its partners (GDF SUEZ and OMV) started production on the Gudrun oil and gas field in the North Sea.   "Gudrun is the first new Statoil-operated platform to come on stream on the Norwegian continental shelf since 2005


Nakilat Venture Gets Qatar Military Ship Order

Qatar Gas Transport Co (Nakilat) said on Tuesday that a joint venture between it and Dutch shipbuilder Damen had won orders worth 3.1 billion riyals ($850 million) to build seven vessels for the Qatari armed forces. The vessels to be built by Nakilat Damen Shipyards Qatar comprise six


 
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