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Tuesday, March 19, 2024
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Oil Well News

18 Mar 2024

OMSA Announces New Board Members

(File photo: Bordelon Marine)

Industry trade group the Offshore Marine Service Association (OMSA) announced the addition of four CEOs to its board of directors.The new board members include Wes Bordelon, Chief Executive Officer, Bordelon Marine; Stacy Jo Stanley, Chief Executive Officer, Offshore Oil Services, Inc.; David Dantin, Chief Executive Officer, Odyssea Marine; and Lasse Petterson, Chief Executive Officer, Great Lakes Dredge and Dock."With the addition of these four executive leaders, OMSA pays homage to its roots while welcoming expanded opportunities in emerging energy frontiers…

18 Mar 2024

CEO Says Exxon Mobil Not Trying to Buy Hess

Source: Hess

Exxon Mobil CEO Darren Woods on Monday said his company is trying to establish it has rights over Hess Corp's Guyana assets in its dispute with Chevron, not buy the company itself.In his first public remarks on the company's pursuit of an arbitration case that could block Chevron's $53 billion deal for Hess, Woods said Exxon would not have waited for Chevron to announce its Hess deal if it had wanted to buy Hess."We're basically standing up for what we believe is a fundamental right," Woods told Reuters at the CERAWeek energy conference in Houston.

18 Mar 2024

Houthi Attacks Must Ease for Salvage of Two Vessels, IMO Head Says

On March 2 at approximately 2:15 a.m. (Sanaa time), Rubymar, a Belize-flagged, UK-owned bulk carrier, sank in the Red Sea after being struck by an Iranian-backed Houthi anti-ship ballistic missile on Feb. 18. The ship had been slowly taking on water since the attack. (Photo: U.S. Central Command)

Efforts to limit environmental damage from a cargo vessel that sank after a Houthi missile strike and another abandoned during a fiery assault are on hold until attacks on ships ease, the United Nations' maritime shipping regulatory agency said on Monday.The UK-owned Rubymar last month became the first vessel lost since the Houthis began targeting commercial ships in the Red Sea area in November. The bulk carrier with 21,000 metric tons of fertiliser contained in its cargo hold…

18 Mar 2024

Panama Says Has No Knowledge of Iranian-owned Ships On Registry

© Alexander / Adobe Stock

Panama's maritime authority said on Monday it has no knowledge of ships owned by Iranians being in its registry, following concerns from U.S.

18 Mar 2024

JUB Pacific Bolsters Liftboat Fleet

(Credit: JUB Pacific)

JUB Pacific, a Singapore-based provider of specialized offshore liftboat services, has acquired one of the largest liftboats in Africa, said to be perfectly suited for servicing major players in the oil and gas sector within the Africa region.JUB Pacific acquired the Caracal Pioneer liftboat, which shall be renamed to JUB Pioneer, in a strategic move to extend the company’s global reach and solidify its position as one of the leading liftboat players.The unit is well-equipped to support a diverse range of offshore operations which is highly required by large oil companies in Africa…

17 Mar 2024

Esgian Week 11 Report: New Discoveries in UK and Namibia

Source: COSL

Esgian reports that drilling contracts have been announced this week for operations in Brazil and the Philippines, and new discoveries have been confirmed in the UK and Namibia in its Week 11 Rig Analytics Market Roundup.ContractsCOSL Drilling has emerged as the winner for Petrobras' moored semisubmersible tender with the 4,600-ft Nanhai 8 (also known as Nan Hai Ba Hao).Noble has secured a high-dayrate drillship contract with Prime Energy in the Philippines.Drilling Activity and…

17 Mar 2024

US Coast Guard Cutter Accidentally Discharges Diesel Fuel off California

FILE PHOTO: USCGC Alder (WLB-216). (Photo: Kenneth Honore / U.S. Coast Guard)

The U.S. Coast Guard said one of its buoy tenders accidentally discharged approximately 500 gallons of diesel fuel 30 miles offshore of Fort Bragg, Calif., Friday morning.The vessel, USCGC Alder (WLB-216), was enroute to Humboldt Bay when the incident occurred, the Coast Guard said.Members of Coast Guard Sector San Francisco Incident Management Division notified interagency stakeholders and are investigating the oil spill and cause. They are also evaluating potential impacts to sensitive sites.

17 Mar 2024

Bristol Harbor Group Hires Kyle Pagan

Kyle Pagan (Photo: BHGI)

Briston. R.I. based naval architecture and marine engineering frim Bristol Harbor Group, Inc. (BHGI) announced it has hired Kyle Pagan as a naval architect.Pagan holds a Master’s degree in Naval Architecture and Marine Engineering from the University of New Orleans and a Bachelor’s degree in Petroleum Engineering from Louisiana State University. For his graduate research, he conducted an in-depth study of the performance of 3D printing materials under the influence of water exposure…

15 Mar 2024

Ulstein Introduces New Subsea Vessel for Offshore Energy Market

Rendering of ULSTEIN SX232 vessel (Credit: Ulstein)

Norwegian shipbuilder and ship designer Ulstein has developed a new subsea vessel - ULSTEIN SX232 – designed to service the offshore wind market for floating and fixed installations as well as offshore oil and gas industry.Designed for walk-to-work operations in the offshore energy market, the ULSTEIN SX232 features an optimizes hull based on the ULSTEIN TWIN X-STERN design.The vessel is equipped with smart power and propulsion system developed to minimize energy consumption during DP operations and an integrated energy recovery system utilizing all the waste heat in the machinery systems…

14 Mar 2024

NYK Receives Data Management Award

Source: NYK

NYK received the grand award at Data Management 2024 hosted by the Japan Data Management Consortium (JDMC) on March 8.JDMC established the Data Management Award in 2014 to publicize data management's role and importance and share pioneering know-how.NYK has been developing and utilizing data lakes - a data management system for data utilization and analysis. They are suitable for collecting and storing vast amounts of data, regardless of the format or scale of the data to be stored.NYK…

14 Mar 2024

MAN Energy Solutions Delivers First Ever Ammonia-Ready SCR to Mitsui

Cluster 5 Double Layer SCR (Credit: Man Energy Solutions)

MAN Energy Solutions has announced the production of a massive Cluster 5 Double Layer Selective Catalytic Reduction (SCR) converter to MITSUI E&S.The cluster comes ammonia-ready and is the largest such unit that the company has ever built.Such systems are typically used aboard cruise ships and cargo ships to reduce nitrogen oxide emissions by 90%.“As the very first SCR for an ammonia engine anywhere in the world, this is a historic moment. As the largest, high-pressure SCR we have ever built, this marks a new milestone for our business.

14 Mar 2024

NYK and Astomos Energy Christen New Jointly-Owned Dual-Fuel LPG Carrier

Gas Garnet vessel (Credit: NYK)

As their first jointly owned liquefied petroleum gas (LPG) carrier in 21 years, NYK and Astomos Energy have named the new vessel Gas Garnet.The companies held a naming ceremony at the Sakaide Works of Kawasaki Heavy Industries on March 1, 2024.The 86,953 m3 capacity vessel was christened Gas Garnet by Yoshihito Takahashi, senior executive officer of Astomos Energy. This is the first jointly owned LPG vessel by the companies after they shared ownership of Gas Capricorn from 2003.The vessel has a breadth of 37.2 meters…

13 Mar 2024

Second Russian Tanker, Hit by Sanctions, Docks in China

© Nightman1965 / Adobe Stock

Russian tanker Krymsk, hit by sanctions, docked on Wednesday at the Chinese port of Dongying in eastern Shandong province, home of independent refiners, to discharge 700,000 barrels of Russian Sokol crude, LSEG and Kpler shipping data showed.This is the second Russian oil tanker, hit by sanctions, to dock at Chinese ports this month. Last week, tanker Liteyny Prospect discharged its 700,000-barrel Sokol crude cargo at the Chinese port of Huanghua near Cangzhou city in Hebei province.The Dongying port authority declined comment when contacted by Reuters.

13 Mar 2024

US Meets with Panama on Iran Sanction-Evading Ships

© Valehr / Adobe Stock

The United States has asked Panama to ban Iranian vessels sanctioned by Washington from using its flag, U.S. State Department special envoy Abram Paley said on Wednesday.Paley said the request aims to prevent ships from being used for illegal actions such as supporting groups designated as Iranian terrorist organizations with oil sales.In January 2023, Panama's maritime authority said it had withdrawn its flag from 136 ships linked to Iran's state oil company in the last four years.

13 Mar 2024

Keel Laid for Finnish Border Guard’s New Patrol Vessel

The Finnish Border Guard, Meyer Turku, Baltic Operator and Bureau Veritas project teams (Credit: Meyer Turku)

The Finnish Border Guard has held a keel laying ceremony for its new patrol vessel at Baltic Operator's shipyard in Gdansk.On March 12, 2024, a keel laying ceremony was arranged at Baltic Operator’s shipyard in Gdansk. The ceremony took place in the presence of the representatives of the Finnish Border Guard, Meyer Turku, Baltic Operator and Bureau Veritas.The keel laying ceremony is an old tradition. Before the keel laying, the ordering party - the Finnish Border Guard - and the shipyard’s representative placed their lucky coins under the keel beneath the first block.Later on…

13 Mar 2024

MOL Takes Delivery of LNG-Powered Cerulean ACE Car Carrier

(Credit: MOL)

Mitsui O.S.K. Lines (MOL) has taken delivery of the LNG-fueled car carrier Cerulean ACE, built by Japanese shipyard Shin Kurushima Dockyard.The LNG-powered car carrier Cerulean Ace features an aerodynamics design - beveled top of bow - that reduces wind resistance by 20%, according to MOL.The breadth of the vessels was widened from 32 to 38 meters. The capacity has also been increased from about 6,400 to about 7,000 vehicles.The CERULEAN ACE is the 100th vessel MOL has ordered from the Shin Kurushima Dockyard Group.The vessel will transport cars…

12 Mar 2024

SAAM Closes 2023 with Historic Earnings

Source: SAAM

SAAM reported net income of US$501 million in 2023, representing its best-ever results thanks to the sale of its port and logistics assets to Hapag-Lloyd, which generated a net gain of US$422 million.Sales for the year totaled US$540 million and EBITDA was US$160 million, surpassing the prior year by 17% and 9%, respectively."The sale of our port terminal and inland logistics operations leaves us in a solid position to move forward on the path we have set for ourselves: to lead the consolidation process in the towage industry and grow in air cargo logistics services.

12 Mar 2024

DOF Bags Shell’s Decommissioning Contract for Knarr and Gaupe Fields

Skandi Hera AHTS vessel (Credit: DOF Group)

Norwegian offshore vessel operator DOF Group has secured a ‘substantial’ subsea engineering procurement removal and disposal (EPRD) contract from Norske Shell in the Atlantic region.The contract outlines 100 combined days of utilization of DOF’s vessels Skandi Hera and Maersk Installer.DOF will deliver an integrated solution of project management, engineering, design, analysis and survey.Described as ‘substantial’ by DOF, this means that the contract is valued between $23.8 million and $47.8 million (NOK 250 million to NOK 500 million).The scope includes recovery and recycling of umbilicals…

11 Mar 2024

Yang Ming Starts Using Biofuel

Source: Yang Ming

Yang Ming Marine Transport is adopting sustainable biofuel for its fleet, starting at Hong Kong and Singapore, and will now incorporate biofuel into its annual fuel consumption on an on-going basis.The adoption of biofuel began with Yang Ming’s 1,805 TEU class container ship, YM Inception, and 6,600 TEU class container ship, YM Masculinity. These vessels are currently deployed on the Japan to/from Taiwan, Hong Kong, Vietnam and Thailand service and the Far East to/from Middle East service…

11 Mar 2024

Source of Huntington Beach Oil Spill Uncertain

Source: U.S. Coast Guard

The Unified Command concluded its response to an oil sheen observed offshore of Huntington Beach, California on Monday, but the source of the oil remains unclear.Over the weekend, cleanup crews recovered approximately 85 gallons of product from offshore recovery efforts and removed roughly 1,050 pounds of oily waste/sand and tar balls from the shoreline.The U.S. Coast Guard and the California Department of Fish and Wildlife, Office of Spill Prevention and Response (CDFW-OSPR) collected samples from the offshore sheen and tar balls along the shoreline to help determine the source of the oil.

11 Mar 2024

Norway’s BOA Group Orders Two Damen Tugs

(Image: Damen)

Dutch shipbuilding conglomerate Damen Shipyards Group announced it has signed a contract with BOA Group for two ASD Tugs 3010 ICE. Due to Damen’s practice of constructing vessels in series for stock, the tugs were already under construction at the time of order and will be delivered later this year.BOA’s fleet consists of specialized offshore vessels, semi-submersible barges and harbor tugs. The order for these two Damen tugs is a part of the Norwegian company’s strategic fleet…

10 Mar 2024

Norway Offers $193 Million Funding to Arctic Floating Wind Farm Project

© Marc Dyck / Adobe Stock

A floating offshore wind farm planned in Arctic waters on Friday received 2 billion Norwegian crowns ($193 million) in state funding, with Norway viewing the still costly technology as a key contributor for industry development and emission cuts.The GoliatVind project in the Barents Sea, consisting of five 15 megawatts turbines and seeking to supply power to the Arctic town of Hammerfest, beat out six other applicants in a tender by government agency Enova.Norway hopes that floating offshore wind will provide an industrial future for its offshore supply industry as well as a means of cutting e

10 Mar 2024

Esgian Week 10 Report: Additional Backlog Secured

© freddytb Foto / Adobe Stock

Esgian reports that offshore drilling contractors secured additional backlog in the U.S. Gulf of Mexico, Egypt, Nigeria, and Brazil and operators confirmed new discoveries in Indonesia, Côte d’Ivoire, and China in its Week 10 Rig Analytics Market Roundup.ContractsDiamond Offshore has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the 12,000-ft drillship Ocean BlackHornet.Shelf Drilling’s 250-ft jackup Rig 141 has secured a two-year…

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