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Offshore Wins

Bibby Offshore Scoops Two Business Awards

Howard Woodcock (Photo courtesy of Bibby Offshore)

Bibby Offshore, a provider of subsea installation, inspection, repair and maintenance services to the offshore oil and gas industry, has been recognized at the 2014 Northern Star Business Awards winning in the categories Commitment to People Development and Outstanding Contribution to the Energy Sector. The awards were announced September 25 at the AECC. The Commitment to People Development award recognizes the company that has shown the most commitment to developing its staff through skills and personal development, investment and achievement programs and outcomes. The Outstanding Contribution to the Energy Sector award recognizes a company demonstrating an exceptional contribution to the energy industry within the north east of Scotland. Bibby Offshore’s Chief Executive Howard Woodcock said, “We are extremely proud to have won in both categories we were shortlisted for at this year’s Northern Star Business Awards. It is recognition of everyone at Bibby Offshore’s dedication to achieving our goals.” Woodcock continued, “The Commitment to People Development award is excellent recognition of the hard work undertaken by our Competency and Training team, our HR team and the whole business to ensure our greatest asset is properly looked after. One of the company’s key focuses and core values is to ‘realize the talent of our people’

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

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.

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

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:]

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.  

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

Swire Pacific Offshore wins Industry Award at IMA

Swire Pacific Offshore emerges as the winner of the SRS Shipowner of the Year award at the Singapore International Maritime Awards (IMA) ceremony held during the Singapore Maritime Week 2015

  Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) won the SRS Shipowner of the Year award at the Singapore International Maritime Awards (IMA) 2015 ceremony held on Tuesday, 21 April 2014 at The Ritz-Carlton, Millennia Singapore.   Held as one of the anchor events of the Singapore Maritime Week (19 - 24 April 2015), the biennial Singapore IMA ceremony seeks to give recognition to  individuals and companies for their contributions to Singapore's

BIMCO Declares Winners of Its 2015 Awards

Declaring BIMCO Awards

Last night in Hamburg, BIMCO President Philippe Louis-Dreyfus chose to give public recognition to all seafarers who have been – and still are – involved in rescuing people in distress at sea. Mr. Louis-Dreyfus awarded the BIMCO President’s Award to Columbia Shipmanagement

Monadelphous Bags Shell FLNG Contract

Image: The Ichthys LNG Project, one of the world’s largest LNG developments. Photo by Monadelphous Group

 The engineering group Monadelphous has won a $200 million Shell Australia contract on its Prelude floating LNG project off the Kimberley coast.    The contract is for major, long-term maintenance and modifications services for the Prelude Floating Liquefied Natural Gas (FLNG)

P&O Maritime Rebranded Repasa

Vessels from the Repasa fleet in action. Courtesy DP World

  P&O Maritime has announced the rebranding of its joint venture company Repasa, the Spanish operator of offshore support vessels for the energy industry.   P&O Repasa will become the official brand of the joint venture which has expanded its fleet in the offshore towage

Thordon Wins Environmental Award

Thordon Bearings’ George Morrison was presented with the Tanker Shipping & Trade Environmental Award for the COMPAC system (Photo: Thordon Bearings)

COMPAC, Thordon Bearings’ seawater lubricated propeller shaft bearing system, won the Tanker Shipping & Trade Environment Award following a verdict that the system allows shipowners to cost-effectively comply with stringent marine pollution rules.  

Rolls-Royce to Power and Equip New DSV

(Image: Skipsteknisk)

Rolls-Royce informs it has signed a contract with Huangpu Wenchong Shipyard in China for a package of advanced ship equipment for a new 124-meter long Dive Support Vessel (DSV).    The vessel will be designed by Skipsteknisk in Norway, and is to be delivered in 2017 to its owner

Creditors to Pump $3.7B into Ailing DSME

Image: DSME

 Creditors of South Korea's Daewoo Shipbuilding and Marine Engineering Co. will pour 4.2 trillion won about (US$3.68 billion) into the ailing shipyard to help it get back on track, the main creditor bank said, according to South Korea's (Yonhap) News Agency.  

Cosco Compensates Sevan

Image: Sevan Drilling ASA

 COSCO Corp (Singapore) will refund $26.3 million, or 5 percent of the contract price, plus associated interest to Sevan Drilling by December 1, 2015.   Sevan Drilling and Cosco have agreed to exercise the first six-month option to extend the deferral agreement to April 15, 2016

DNV GL Issues RP on Offshore Fiber Ropes

Høvik laboratories-syrobe testing machine-fullscale testing (Photo: DNV GL)

The results of two DNV GL led joint industry projects (JIPs) and a JIP pre-study commissioned by Statoil are now captured in a new Recommended Practice (RP) on offshore fiber ropes. With a system perspective on mooring performance, DNVGL-RP-E305 provides new industry guidance for achieving cost

MISC-Bumi Armada Merger Soon?

ARMADA AMAN. Photo by Bumi Armada Berhad

 Shipping giant MISC Bhd and oil and gas services provider Bumi Armada Bhd are said to be in merger talk involving the consolidation of the floating production storage offshore (FPSO) businesses of both companies, say local media reports.  

NJ Offshore Wind Lease Sale Moves Ahead

Offshore Wind Photo TKPL

  As part of President Obama’s comprehensive Climate Action Plan to create American jobs, develop domestic clean energy resources and cut carbon pollution, the Interior Department’s Bureau of Ocean Energy Management (BOEM) yesterday held the nation’s fifth competitive lease

SBM Offshore Hit By Slowing Industry Spending

File photo: SBM Offshore

SBM Offshore the world's top oil production ship leaser, said on Wednesday a fall in orders hit its third-quarter revenue as clients trimmed spending amid ongoing low oil prices.   The Amsterdam-based company, which generates roughly 60 percent of its business in Brazil

STX Offshore in Deep Financial Crisis

Photo: STX Offshore & Shipbuilding

 The South Korean shipyard STX Offshore & Shipbuilding is apparently close to a bankruptcy if not yard soon find new vendors who are willing to pump huge sums into the yard. Otherwise, there is the prospect of a collapse in the first half of the 2016th.  

Port of Rotterdam Attracts Offshore Wind

Photo by The port of Rotterdam

 Up to now, the port of Rotterdam, the largest seaport in Europe, has played a negligible role in the construction of offshore wind farms in Europe. But that is about to change. On Maasvlakte 2, Sif Group and Verbrugge International are building a dedicated offshore terminal and a production

Update: Statoil Follows Shell out of Alaska

Norwegian oil major Statoil said on Tuesday it will pull out of Alaska's Chukchi Sea, just weeks after Royal Dutch Shell abandoned the treacherous waters there after spending billions on oil exploration work.   The latest pullback comes as oil companies slash spending on expensive offshore

Simrad HALO Radar Wins 2015 Design Award

In October 2015, Simrad HALO Pulse Compression Radar also won the NMEA 2015

Simrad HALO Pulse Compression Radar, the world’s first high-performance recreational solid-state, open-array radar system with pulse compression technology, has won the prestigious 2015 Design Award METS (DAME) in the Marine Electronics category at the Marine Equipment Trade Show in Amsterdam

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