Sea Ltd News

Swiss lender Credit Suisse has won a $41 million lawsuit against a member of the Saudi royal family over a loan to refinance a super yacht, with London’s High Court ruling there was no viable defense to the bank’s case.Prince Fahad bin Sultan bin Abdulaziz al Saud is liable to pay his company Burgundy Sea Ltd’s debts to Credit Suisse, Judge Robert Bright said in a written ruling.The judge had ruled in Credit Suisse’s favor without a trial at a hearing last month, at which the prince and Burgundy were unrepresented…

Cyprus-based maritime technology & marine risk prevention firm Prevention at Sea Ltd has been awarded a contract from Oldenorff Carriers for switching from the traditional paper Oil Record Book to ε-ORB (electronic Oil Record Book).Oldendorff Carriers’ decision was based on recognition of the burdens arising from the use of the traditional paper version of MARPOL Oil Record Books as well as the complexity and accuracy of recording proper operational entries relating to discharges…

DOF Group said it has secured an extension with Maersk UK for 2011-built platform supply vessel (PSV) Skandi Gamma until the end of 2016 and for 2003-built PSV Skandi Caledonia with Apache North Sea Ltd until mid-January 2017.

The Liberian Registry, in partnership with Prevention at Sea Ltd, a Cyprus-based maritime compliance technology company, has launched an innovative software product designed to replace traditional paper oil record books (ORBs) and to facilitate correct ORB entries into an efficient electronic format. Liberia’s Electronic Oil Record Book (ε-ORB) is the most recent in a long line of ground-breaking industry initiatives designed to make the Liberian-flag fleet the safest, greenest and most efficient afloat. It is intended to address a variety of issues, including oil record books being reported missing on board, failure to document entries in the ORB of internal transfer of oily mixture…

International inspection, repair and maintenance (IRM) company Harkand aims to be a $1 billion company. MR’s Tom Mulligan recently met with John Reed, the company’s CEO, to discuss his vision for the future and how Harkand aims to achieve its goal of being the leading subsea IRM and light construction contractor globally. Established in 2012 and headquartered in London with operations bases in Aberdeen, Houston, Mexico, and Ghana, global subsea IRM group Harkand has been expanding its business operations rapidly throughout North America…

Harkand's key shareholder Oaktree Capital Management has reaffirmed a strong commitment with an additional $25 million of funding which will allow the company to expand its footprint in new and existing regions. As well as maintaining its operations in current market conditions, the global inspection, repair and maintenance company has recently been awarded three major frame agreements taking them into West Africa and Mexico for the first time. It has also expanded its services with its first decommissioning project in the North Sea supporting Maersk Oil North Sea Ltd.

Harkand won a multi-million contract with Maersk Oil North Sea Ltd for the provision of DSV services in the North Sea region. The 12-month contract will be serviced by Harkand’s two DSVs, the Harkand Da Vinci and Harkand Atlantis, supported by project management and engineering from Harkand’s Aberdeen office. The contract covers well tie-ins, structure installation, piling, flexible flowline lay, flexible riser installation, pre-commissioning, riser recovery, decommissioning and general inspection, repair and maintenance (IRM) work.

MacGregor, part of Cargotec, has received a contract from Stena North Sea Ltd. to convert the 29,800gt RoPax ferry Dieppe Seaways to optimize it for its new route between Dublin and Holyhead in Ireland. The order further strengthens MacGregor's position as the first choice supplier for RoRo conversions and was booked into the second quarter 2014 order intake. MacGregor's RoRo conversion team is no stranger to the vessel, which will be renamed Stena Superfast X, originally altering the ferry in 2008 to suit new operations across the English Channel.

Singapore's Sembcorp Marine says that its subsidiary Jurong Shipyard has secured a US$236 million (about S$296 million) contract to build a high specification, tailor-made jack-up rig for new customer Hercules North Sea Ltd. Scheduled for delivery in the second quarter of 2016, the jack-up rig will be built based on the Friede & Goldman JU 2000E design which has enhanced features suitable for UK operations. The new rig is designed to operate in waters of 400 feet and drill to depths of 30,000 feet. Itwill be equipped with 2,000,000 lbs drilling capacity, 6,000 barrels mud capacity, 28,000 kips preload capacity for the legs and 150-man accommodation capacity. Upon delivery, it will be chartered out to Maersk Oil and Gas for deployment in the UK sector of the North Sea. Mr. John T.

Hyundai Heavy Industries (HHI) to build a US$ 1.9-billion order Floating Production Storage and Offloading unit (FPSO) for Chevron North Sea Ltd. Hyundai Heavy is to carry out engineering, procurement, and construction for the floating offshore facility to be deployed in the Rosebank oil & gas field, 175 km northwest of the Shetland Islands. The 99,750-tonne turret moored FPSO is scheduled to be handed over by the end of November 2016. It will be able to produce 100,000 barrels of oil and 190 million standard cubic feet of natural gas per day.

Cyprus-based Seaway Heavy Lifting awarded a transportation and installation contract for UK's East Anglia offshore wind zone. Aberdeen based Wood Group Engineering (North Sea) Ltd awarded the contract to Seaway Heavy Lifting Contracting Ltd for the transportation and installation of two weather monitoring stations for the East Anglia Offshore Wind zone, located in the Southern North Sea, East Anglia Field, UK. The offshore weather monitoring stations comprise of conventional mono-piles (399t and 616t)…

EnerMech s been awarded a £6.6 million contract by Apache North Sea Ltd. to supply and install four new Blow- Out Preventer (BOP) handling cranes on the Forties Alpha, Bravo, Charlie and Delta platforms. The project, which will deliver four Stahl cranes and is expected to be completed by Q1 2013, will be serviced by a dedicated engineering team from EnerMech’s Aberdeen-based cranes division. The contract award builds on a number of existing multi-million pound crane operations and maintenance contracts held by mechanical engineering company EnerMech and represents a significant investment in the offshore infrastructure owned and operated by Apache.

Brookes Bell Group - the marine, scientific and technical consultants and surveyors – has laid out a new strategy that will enhance its existing wide-ranging expertise with recent acquisitions and ventures that have significantly broadened its capabilities. Within the last 12 months, the UK-based group has formed an important alliance with AMS Shanghai Ltd. establishing Brookes Bell Shanghai, set up Brookes Bell Hong Kong, acquired Bunker Claims International and merged with Naval Architecture specialists, Safety at Sea Ltd., based in Glasgow.

Rolls-Royce, the global power systems company, has secured an order to design and equip two offshore supply vessels for ship owner Gulf Offshore North Sea Ltd. The value of the contract to Rolls-Royce is approximately £10 million. The two UT755 XL designs will be built at the Rosetti Marino SpA shipyard in Ravenna, Italy, with expected delivery in 2013 and 2014. In addition to the design, Rolls-Royce will provide a propulsion system for each vessel including propellers and thrusters, along with deck machinery, bulk handling equipment and a ship automation package.

The IMO’s Sub-Committee on Ship Design and Equipment (DE) is working on a mandatory Code for ships operating in Polar waters — widely known as the Polar Code, to supplement other regulatory instruments, including SOLAS and MARPOL. The Code will seek to address the specific risks relating to operations in Polar waters, taking into account the extreme environmental conditions and the remoteness of many locations. The International Association of Antarctica Tour Operators (IAATO), set up in 1991, to advocate and promote safe and environmentally responsible private sector travel to the Antarctic, represents over 100 private sector companies – the majority of which are passenger ship operators.

Aberdeen-based TCO In-Well Technologies UK Limited, a provider of well completion technologies to the global oil & gas industry, has successfully completed a Glass Barrier System well opening application for Apache North Sea Limited. The operation, thought to be worth a five figure sum, involved TCO UK’s patented TDP-I Glass Plug being deployed on the Apache operated Forties Delta Platform on well FD3-5. The plug was used to isolate the reservoir allowing the operator to test for integrity before opening the well. Joel Rodriguez, senior completions engineer at Apache, said: “The TCO TDP-I plug, set at almost 4000 meters at 71 degrees, opened on the prescribed pressure cycle, eliminating the need for an additional intervention run.

Marine scientific and technical consultant and surveyor Brookes Bell LLP has merged with and naval architecture and marine engineering company Safety at Sea Ltd. The deal sees Glasgow-based Safety at Sea become part of the Brookes Bell Group, which has two offices in London, as well as offices in Liverpool, Shanghai and Hong Kong. Under the terms of the agreement, five directors of Safety at Sea have become partners of Brookes Bell, joining the existing eighteen partners. Managing partner of the Brookes Bell Group, Colin Kershaw, said: "This union is a major step forward for both Brookes Bell and Safety at Sea. Managing director of Safety at Sea…

Caledonian Maritime Assets Ltd and Société des Traversiers du Québec have both ordered new passenger ferry designs from Deltamarin. Both companies named sustainable design and excellent energy efficiency as important criteria in the designs. The order of the Scottish Caledonian Maritime Assets Ltd (CMAL) comprises the concept design of two small RoPax ferries (311.6 ft & 114.8 ft). The designs will be used as tendering specifications to shipyards. CMAL are intending to commence a fleet replacement program in the near future, and these ferries will be a part of it. The ferries will operate around the Scottish mainland and islands. Two of our partners also participate in the project: Safety at Sea Ltd in simulations…

Island Oil & Gas plc has spudded well 48/23-3 at Seven Heads West in the Celtic Sea offshore Ireland. The well is the first in its planned 2006 and 2007 drilling programs. Well 48/23-3 is designed to appraise a possible extension of the Upper Wealden gas sands that are producing gas in the 48/24-6 production well immediately to the east. The well, which is in a water depth of 329 feet, will be drilled to a planned total depth of 3,200 feet TVD ss. Island concluded a Sub-Area Equity Interest Assignment Agreement for the Seven Heads West area with Marathon International Petroleum Hibernia Limited, through its wholly-owned subsidiary Marathon Seven Heads Limited (formerly Ramco Celtic Sea Ltd) in February 2006.

International oilfield service company Expro has been awarded a multi-million pound contract by Apache North Sea Ltd in the UK North Sea following completion of a competitive tender process. The contract, worth approximately $7.5m annually, mainly covers work on the Forties field. It sees Expro providing wireline services and establishing an alliance with another leading provider to deliver coiled tubing and pumping services for Apache. In total, 24 offshore employees will be dedicated to this contract. The contract has a firm duration of three years with two optional one-year extensions. Expro is a leading global provider of completion wireline services. Focusing on well performance and service, Expro provides a comprehensive range of services for cost-effective operations.