Offloading Systems News

The specialized deepwater oil & gas and floating offshore wind segments will share many of the same stakeholders and supply chains, competing for increasingly scarce resources.To receive a full version of Inteletus analysis, click hereThe established floating production segment is forecast to experience continued growth through this decade, driving demand for, among other things, moorings, subsea systems, umbilicals, risers, flowlines and the large anchor handlers and subsea support vessels that will install and maintain the elements.At the same time…

Oil and gas company Valeura Energy said Monday that modifications to the MT Jaka Tarub crude oil storage vessel were complete, making the vessel compatible with infrastructure at its Wassana oil field, offshore Thailand.According to Valeura Energy, the vessel is capable of tandem crude oil loading/offloading. "Subject to favorable metocean conditions, the vessel will arrive at the Wassana field in the coming days, after which Valeura intends to resume oil production operations, targeting initial rates of up to 3,000 bbls/d, net to the 89% working interest share held by its subsidiary company Valeura Energy Asia Pte. Ltd." the company said.As reported by Offshore Engineer in December 2022…

Oil and gas company Valeura Energy has entered into a definitive agreement with PT Samudra Alam Transport to charter the MT Vula crude oil tanker to store oil produced from the Wassana oil field, offshore in the Gulf of Thailand.In Q2 2022, Valeura acquired KrisEnergy International (Thailand) Holdings Ltd. which owns and operates two licenses in the offshore Gulf of Thailand. The acquisition included the suspended Wassana oil field and the fully appraised Rossukon oil field. Additionally, through a separate agreement, the company agreed to acquire the Mobile Production Unit Ingenium (“MOPU”) which is on location at the Wassana oil field.Valeura said this week that the oil tanker to be chartered for Wassana would be renamed MT Jaka Tarub.The MT Jaka Tarub is a Panamax-sized oil tanker…

Over the last year we have seen an upswing in floating production and storage systems ordering after many years of low activity. According to our colleagues at World Energy Reports, “The global oil and natural gas markets are contending with rebounding energy demand on top of supply disruptions from Russia’s invasion of Ukraine. As a result, activity and business sentiment in the floating production sector has seldom been stronger.”  This increased activity in the floating production…

As many maritime markets were challenged by COVID-19, Royal IHC, a Dutch maritime conglomerate and bellwether for the industry, reported its annual numbers indicated the smoke is clearing and a recovery is in sight.2020 will surely go down as a year many inside and out of the maritime industry will want to soon forget, and in releasing its annual figures Royal IHC noted that the first half of 2020 was dominated by refinancing and recapitalization, with COVID-19 having a "major impact" on order intakes throughout 2020.

A new cooperation agreement will intensify existing joint business activities between longstanding partners MAN Diesel & Turbo and Mitsui Engineering & Shipbuilding Co., Ltd. (MES). The agreement was signed by Takao Tanaka, President & CEO of Mitsui Engineering & Shipbuilding, and Dr. Uwe Lauber, CEO of MAN Diesel & Turbo. “Together, we will offer a solution portfolio that is unique in today’s market,” said Dr. Lauber. Expanding upon multiple previous collaborations, the two companies have now agreed to deepen mutual activities within sales, production, R&D and engineering, procurement and construction (EPC) initially, with the potential for other business fields to be added in the future. The common goal is to enhance mutual business opportunities in a more timely and effective fashion.

Successful completion of the Petronas Floating LNG facility (PFLNG) Satu is a milestone for the oil and gas industry and for the Malaysian energy giant. Designed by consortium leader TechnipFMC and fabricated at the Daewoo Shipbuilding and Marine Engineering yard in South Korea, PFLNG Satu achieved the first-ever production of LNG offshore in December 2016. The 365-meter by 60-meter facility processes, produces and offloads LNG in situ, directly above natural gas reservoirs. FLNG allows the monetization of remote…

By combining well-proven MacGregor Pusnes technology in bow loading and offloading systems, MacGregor, part of Cargotec, has helped to develop a solution that enables crude oil to be loaded directly from a floating production storage offloading (FPSO) facility or a floating storage offloading (FSO) unit to a conventional tanker, up to very large crude carrier (VLCC) size. The first contracts for the systems have been signed with China's Cosco Shipyard Group. "MacGregor, and its Pusnes brand, has a long history of developing pioneering offshore loading systems within the industry," says Høye Høyesen, Vice President, MacGregor Advanced Offshore Solutions.

In December Mitsubishi Heavy Industries Compressor Corporation (MCO), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Hiroshima, will establish a new company in Brazil in a joint venture with Mitsubishi Corporation (MC), to be known as MHI Compressor do Brasil Ltda. (MCO-B). Creation of the new entity, which will launch commercial operations in February 2016, is targeted at developing the Latin American market for compressors, with a focus on expanding sales of compressors for use in Floating Production, Storage and Offloading systems (FPSO), a market expected to see robust demand as Brazil develops deepwater oil fields. Initially MCO-B will perform sales and after-sale servicing functions, with local manufacturing capability targeted for the future.

Mooring and offloading systems supplier, Offspring International, has announced a rapid response, surge protection system for terminal loading hoses. Called Oiltech Surge Protector, the hose monitoring system offers a smarter and more sensitive way of detecting hose overpressure during tanker loading. If a pressure surge is detected, pumping operations are automatically shutdown. According to the International Tanker Owners Pollution Federation (2013), the highest incidence of tanker related oil spills is during loading operations.

Flexible pipe specialist FlexTech said it has surpassed its first year turnover target of £500,000 just six months after start-up and anticipates reaching £1million by the end of the year. Flexible pipe expert Craig Keyworth established the Aberdeen-based company in March of this year, after operating as a flexible pipe consultant for a number of years prior. Mr. FlexTech’s core business is the successful delivery of flexible pipe and riser engineering projects, offloading systems and integrity management and inspection.

Aker Solutions today agreed to sell its mooring and loading systems business to Cargotec for an enterprise value of NOK 1.4 billion, or about €180 million. The unit, known for the Pusnes brand name, provides mooring equipment, loading and offloading systems, as well as deck machinery for the global offshore and shipping markets. Aker Solutions will book a gain of about NOK 1 billion from the sale. "The proceeds will be used to develop Aker Solutions' main business in the deepwater and subsea oil-services segments," says Øyvind Eriksen, executive chairman of Aker Solutions.

Global engineering group Trelleborg has signed and finalized an agreement which will see its Trelleborg Industrial Solutions business area acquire cryogenic hose system technology from SBM Offshore, a company in floating production and mooring systems. According to Trellborg, thistransaction will enable the company to accelerate and strengthen its offering in the supply of equipment for the floating liquefied natural gas (FLNG) market. Mikael Fryklund, President of the Trelleborg Industrial Solutions business area, commented, “An increasingly popular choice in the offshore oil and gas sector, FLNG vessels are a cost effective and flexible solution for commercializing new gas discoveries in remote deep-water locations.

Allspeeds Ltd. designs and manufactures the Webtool range of cutting and gripping tools. In addition to the standard range, Allspeeds has manufactured a bespoke emergency cutting tool. The tool was supplied to an organization operating a number of floating production storage and offloading systems and will be used in the work of the Marine Well Containment Company (MWCC), an independent company that provides well-containment equipment and technology in the deepwater U.S. Gulf of Mexico.

IHC Merwede has announced that it has signed two new contracts for the EPC (engineering, procurement and construction) delivery of offloading system packages for five FPSO vessels (floating production storage and offloading). The first of these packages will be placed on to one of MODEC’s FPSO vessels under its lease agreement with Petrobras. The others have been for the conversion of four additional FPSO vessels for Petrobras by the Brazilian offshore shipbuilding company, Estaleiro Enseada do Paraguaçu SA (EEP). Each FPSO offloading system package will be supplied by IHC Merwede’s offshore division and consist of the following extensive range of advanced equipment: two offloading hose reel assemblies…

GEDA USA expands its line of elevators, hoists and lifts for offshore drilling operations to include the Helideck Transport Platform. GEDA USA, a manufacturer of rack and pinion industrial elevator and hoist solutions, expands its line of elevators, hoists and lifts for offshore drilling operations to include the Helideck Transport Platform. The Helideck Transport Platform's innovative design has revolutionized access to offshore heliports. Access to heliports was previously limited to ladders due to the danger of helicopter blades coming in contact with an elevator's high tower components.

The Statement of Work (SOW) covers a 1 year study involving US operators and execution of Industry related work shops addressing various HiLoad DP offloading scenarios in the US Gulf of Mexico (GoM). "Remora is pleased to learn that RPSEA and the US Department of Energy (DOE) have acknowledged the HiLoad DP solution and that our technology has been successfully selected under the Ultra-Deepwater Program. It is considered quite remarkable that a Norwegian Company has succeeded in obtaining US government funding and gained acceptance for the HiLoad DP as a viable contender for offloading operations among deepwater operators in US GoM", says Kim Diederichsen, Senior Vice President Americas, Remora.

Aker Solutions has won two similar contracts, together worth approx. 120 million NOK, from CQG Oil & Gas Contractors Inc. and CCI Oil & Gas Contractors Inc., for the supply of Pusnes offloading systems(TM) to two FPSOs in the Brazilian market. The offloading systems will be installed on the two FPSOs P-58 and P-62, which are being converted and built for Petrobras. The two FPSOs are spread moored FPSOs, and will use the field proven Pusnes offloading system(TM) at both bow and aft ends.

ABS Vice President of Global Gas William J. Sember said the classification society is in advanced stages of design review for a number of Floating LNG (FLNG) concepts, as this technology moves ever closer to reality. Speaking at the Gastech 2011 conference, where he chaired the technical session on FLNG terminals and systems, Sember noted that as recently as five years ago, floating solutions for the import and export of LNG were still considered new and novel concepts. “Today…

Aker Solutions has decided to create three separate companies., a strategic direction announced at the company's capital markets day in Oslo today. This is the conclusion of a strategy process initiated by the Board in second quarter 2009. "We have listened carefully to feedback from our customers and investors and analyzed how we should position ourselves to meet their expectations," says Øyvind Eriksen, executive chairman of Aker Solutions. "Their feedback is consistent. Our company enjoys strong positions in several market segments. However, to further accelerate our growth, we should be more focused, more flexible in our approach to customer specific requirements, and much more transparent," he said.

Regardless of today’s economic and financial reality, wealth creation and oil prosperity go hand in hand. While the medium to long term prospects are good, it is a major challenge for the offshore and maritime communities to secure the financing that is required to respond to immediate market opportunities, and also re-finance the completion of existing projects, such as offshore supply vessel new-builds. The funding necessary to invest in leading-edge research & development, introduce alternative & renewable ocean energy sources, fully commercialize promising technology, fast-track the expansion & grow of companies, and restructure capital requirements for mergers & acquisitions…

Aker Solutions has been awarded several contracts for supply of offloading systems. The total contract value for Aker Solutions is approximately $16m. The contract awards are from the Joint Venture Euronav/OSG and MODEC International LLC for the supply of offloading systems. The Euronav/OSG contract consists of offloading systems for two Floating Storage and Offloading Units (FSOs). The contract with MODEC is for two offloading systems for a Floating Production and Storage Offloading Unit (FPSO).

Developers of offshore LNG and CNG terminals must decide how much investment to ensure continuous service. The options range from no storage with supply interruptions whenever a ship disconnects from the offloading system, to no storage with two offloading systems designed to accommodate at least one vessel at all times, to offshore liquid storage and possibly underground gas storage with pipeline support to ensure gas is always flowing regardless of weather or operational conditions. To investigate the interruptible versus non-interruptible gas-supply dilemma, Zeus Development has organized a workshop January 29 with presentations from Kathleen Eisbrenner…