Funding for Jee’s Excalibur system
Technologies which harness tidal energy (i.e. tidal energy convertors or TECs) are in the advanced stages of development. Single TECs have been tested in UK waters for some time but only recently has a fully commercial, grid-connected array been installed. Despite the rapid progress the tidal sector is relatively immature and the greatest challenge is to find a cost-effective method to deploy these technologies at a large scale. Only then will these projects become commercially viable to developers and unlock the potential of tidal energy in the UK and worldwide.
Reliance Inaugurates New Ethane Carriers
In a ceremony held in Geoje (South Korea), Indian's largest private sector company Reliance Industries Limited (Reliance) inaugurated its very first two VLEC (Very Large Ethane Carrier), in the presence of the shipyard Samsung Heavy Industries (SHI) and other key partners of the project. These vessels, Ethane Crystal and Ethane Emerald, are the world's first ethane carriers to feature GTT's membrane technology. They are the first of a series of six vessels, ordered by Reliance in 2014, which will be fitted with GTT's membrane containment systems.
Statoil Aims for at Least 10% of Coming Brazil Gas Market
Norwegian oil company Statoil ASA hopes to have 10 to 15 percent of Brazil's natural gas market in coming years, Pal Eitrheim, the company's most senior executive in the country, told journalists on Wednesday. Eitrheim added that major gas production in Brazil is likely to start after 2020. (Reporting by Jeb Blount; Editing by Ana Mano and Alistair Bell)
Statoil Cancels Rig Contact
Statoil decided to cancel the contract with Stena Drilling for the mobile rig Stena Don. The rig has been on contract to Statoil since February 7, 2014, performing operations for the Troll and Fram licences. The original contract termination date is February 7, 2017. The cancellation will take effect after the plugging activity on the Troll field has been completed, in early November. After this, Stena Don was committed to the Fram licence. However, the licence does not have any work program for the rig, nor does Statoil have any other activities where the available capacity can be used.
Sembcorp Marine Posts Q3 Loss
Singaporean rig builder Sembcorp Marine Ltd. posted a loss in the third quarter, hurt by higher financing costs and a fall in orders due to weak oil prices. The company posted a net loss of S$21.8 million ($15.7 million) for the three months ended Sept. 30, compared with a net profit of S$32.1 million a year ago. ($1 = 1.3906 Singapore dollars) (Reporting by Aradhana Aravindan; Editing by Amrutha Gayathri)
MPI Resolution’s Leg Extensions Raises Capabilities
MPI’s wind-turbine installation vessel (WTIV), MPI Resolution, is currently undergoing installation of leg extensions at the company’s Tees Offshore Base in Middlesbrough, UK. Following these modifications, MPI Resolution will be able to operate in water depths of up to 35m, depending upon the site-specific data. This represents a gain of up to 7m on the previous jacking capabilities of the vessel and substantially increases the operability as a result. Modification works started…
Wood Group Bags Hibernia Deal
Wood Group has secured a five year contract to provide engineering, procurement, construction and maintenance services to the Hibernia platform, offshore Newfoundland, from Hibernia Management and Development Company Ltd. (HMDC). The contract will be executed by Wood Group’s Eastern Canada operations, in St. John’s, Newfoundland & Labrador, and has the potential of two additional five year contract extensions. Michele McNichol, CEO for Wood Group’s Asset Life Cycle Solutions business in the Western Hemisphere…
Fugro: Contract for US Offshore Wind Development Project
Fugro has been awarded the contract by Vineyard Wind, formerly named OffshoreMW, to perform a marine geotechnical site investigation within its wind development lease, offshore Massachusetts. Fugro’s state-of-the-art, 105-meter drilling vessel M/V Fugro Synergy will perform the study, which will include numerous seabed CPTs and exploration boreholes, along with sampling and downhole CPTs. Following the fieldwork, a program of laboratory testing and reporting will be performed by Fugro’s offices in Houston TX and Norfolk VA.
Egypt Launches Record LNG Tender for 96 Cargoes
Egypt launched the world's biggest tender for liquefied natural gas (LNG) as officials from top energy companies and trading houses converged on Cairo undeterred by new rules that could force them to wait for as long as six months to get paid. After months of speculation and delay, state-run Egypt Natural Gas Holding (EGAS) released tender documents on Sunday bidding to secure 96 LNG shipments in 2017 and 2018, participants in the tender told Reuters. An additional 12 optional cargoes were included in the tender, which EGAS may decide not to award, they said. At a price-tag of several billion dollars, it is the biggest mid-term LNG buy tender ever issued, trade sources said.
Bumi Armada Berhad Names Its News FPSO
Bumi Armada Berhad, Malaysia-based international offshore energy facilities and services provider celebrated the naming ceremony of the Armada Olombendo Floating Production Storage and Offloading (FPSO) last weekend. Armada Olombendo FPSO represents Bumi Armada’s largest FPSO and it will operate in Angola on Block 15/06, East Hub, a wide area of 2,984 square-kilometer (km2) in the Angolan deep offshore, located approximately 350 km northwest of Luanda and 130 kilometer west of Soyo.
Launching of HOS Warhorse at Gulf Island Shipyards
Gulf Island Shipyards will launch the HOS Warhorse the newest vessel of Hornbeck Offshore services. The HOS Warhorse is the first of the 400 ES Class MPSVs in Hornbeck’s fleet. The Launching ceremony will commence on Tuesday, November 1st, 2016 at 9:00 at Gulf Island Shipyards’ facility in Jennings Louisiana (111 Bunge Street, Jennings, LA 70546).
Furetank and Älvtank Extend LNG Tanker Order
Furetank and Älvtank extend the order with two more of next generation Intermediate Product/Chemical Tankers with LNG propulsion. Furetank Rederi AB and Rederi AB Älvtank have added the previous order with two more newbuildings. Last year a contract signed by the constellation Furetank, Älvtank and Thun Tankers to let build four chemical/product tanker in the intermediate segment of the Chinese shipyard Avic Dingheng Shipbuilding. The vessels will be built with special focus on minimal impact on the environment, with close to 50 percent reduction of CO2 emissions.
Boskalis Wins Work for Hornsea Offshore Wind Farm
Royal Boskalis Westminster N.V. said it has been awarded a contract by DONG Energy Wind Power A/S for the transport and installation of the foundations for a part of the Hornsea Offshore Wind Farm Project One. The entire wind farm will generate a total capacity of 1,200 MW and is located approximately 120 kilometers off the Yorkshire coast, U.K. The transport and installation of the foundations will be executed by Boskalis' new offshore transport and installation crane vessel for which an existing F-class heavy transport vessel is currently being converted. The vessel will be equipped with a 3,000-ton mast crane, dynamic positioning (DP2) and additional accommodation for up to 150 people.
Torrent Power Seeks 38 LNG Cargoes
Indian private-sector power utility Torrent Power is seeking 38 cargoes of liquefied natural gas (LNG) for delivery over four years beginning April 2017, in what is likely to be the firm's first import tender. The firm is seeking offers for 22 cargoes to be delivered to Dahej LNG import terminal on India's west coast between April 2017 and December 2019. It is also seeking 8 cargoes per year for delivery in 2020 and 2021, according to a copy of the tender document seen by Reuters. Each LNG cargo is to be between 125,000-175,000 cubic meters, the copy of the tender document shows. Sellers can offer the cargoes on either a fixed price basis, Brent-linked price formula or opt for a mix of both pricing options. The tender will close on Nov. 14.
MODEC Connects Offshore Fleet with O3b/RigNet
O3b Networks, technology solutions company RigNet and floating production service provider MODEC, entered an agreement to provide high-throughput, low latency connectivity for MODEC’s Floating Production Storage and Offloading (FPSO) vessels off the coast of Brazil. RigNet will integrate the O3b satellite network solution, enabling MODEC to deliver operational decisions in real-time through advanced collaborative environments. Experts at onshore monitoring centers can now work directly with offshore operators, using real-time information to make better and faster decisions, resulting in increased production and enhanced operating efficiency. O3b connectivity significantly contributes to the governance of the Control of the Work required on board.
Ulstein, SeaOwls Partner for Heavy-lift Jack-Up Design
Ulstein Design & Solutions B.V. (part of Ulstein Group) and SeaOwls B.V. are partnering to combine the former’s track record in heavy lift vessel design with the latter’s experience in jack-up technology and engineering to jointly develop the next generation self-propelled heavy lift jack-up vessel. The new design aims to serve the needs of offshore wind industry, but will also be suitable for operations in the offshore oil and gas market. Rather than developing a scaled-up version of a conventional heavy lift jack-up vessel, a complete new design is being developed by the two companies.
DSME Taps GTT to Equip Maran’s New LNG Carriers
GTT said it has received an order from Daewoo Shipbuilding & Marine Engineering (DSME) to equip two new LNG carriers scheduled for delivery in 2019. The vessels will be built at DSME's shipyard in Geoje, Korea, on behalf of Maran Gas Maritime, a Greek management company, and will be equipped with GTT's NO96 cryogenic membrane containment system. “This order reinforces our long-standing relationship with DSME who has already received 147 ship orders with the NO96 technology,” said Philippe Berterottière, Chairman and Chief Executive Officer of GTT. “With a fleet of 20 vessels, entirely equipped with membrane solutions, Maran Gas Maritime is a major player of the maritime industry. Globally there are 143 vessels equipped with the NO96, and 59 more are on order.
Shoreham Port, Arcadis win BB Award for Oil Seepage Investigation
The Award, for the ‘Best Scoping or Operation of a Site Investigation’ was presented to Tony Parker, Director of Engineering at Shoreham Port and George Flower, Technical Director at Arcadis at a prestigious awards ceremony in London last week. The mysterious smell and oil seepage were discovered to be caused by an oily substance seeping out onto the beach at extreme low water and this was discovered to have originated from the giant coal gas works that once occupied the Portslade end of the Port.
Tidewater Gets Waiver Extensions
As previously reported, Tidewater Inc. (NYSE: TDW) has been in discussions with its principal lenders and noteholders to amend the company's various debt arrangements to obtain relief from certain covenants. Pending the resolution of those discussions, the company received limited waivers from the necessary lenders and noteholders which waived compliance with these covenants until October 21, 2016. The company has now received extensions of these waivers until November 11, 2016.
US Drillers Extend Rig Recovery
The number of rigs drilling for oil in the United States rose again this week, extending its second-best streak of no cuts into a 17th straight week, with analysts expecting more additions as crude prices hold over $50 a barrel. Drillers added 11 oil rigs in the week to Oct. 21, bringing the total count up to 443, the most since February, but still below the 594 rigs seen a year ago, according to energy services firm Baker Hughes Inc on Friday. That 17-week streak of not cutting rigs matched a stretch in 2010, making it the second-longest run since 1987, following 19 weeks in 2011. The Baker Hughes oil rig count plunged from a record of 1…
Indian Oil Corp Seeks LNG Cargoes for December
Indian Oil Corporation has launched a tender seeking to buy two liquefied natural gas (LNG) cargoes for December delivery which is due to close on Oct. 25, trade sources said. IOC is to take receipt of the volumes on Dec. 6 and Dec. 21. (Reporting by Oleg Vukmanovic; editing by Susan Thomas)
GasLog Orders New LNG Carrier from SHI
GasLog Ltd. today announces that it has signed a time charter party with Centrica plc. ("Centrica") to charter a vessel for a period of seven years. The vessel, a 180,000 cubic meter LNG carrier with XDF propulsion, has been ordered from Samsung Heavy Industries ("Samsung") in South Korea. Centrica will charter the vessel from GasLog for a period of seven years commencing in the second half of 2019. The daily charter rate is in line with GasLog's average long-term charter rate.
Sea Trucks Wins IMR Work in West Africa
Netherlands-based Sea Trucks Group (STG) said it has secured a contract award from an oil major in West Africa. STG was awarded an inspection, maintenance and repair contract for anoil major in West Africa with commencement during Q4 2016. Graeme Pennycook, Sea Trucks Group’s Managing Director, commented, “We are delighted that, in the present difficult market, Sea Trucks has been awarded this significant contract. This award demonstrates our ability to offer clients a tailored project solution based around the client’s requirement and utilization of our unique marine assets.
ClassNK Issues AIP for LNG Bunkering Vessel Design
Classification society ClassNK has issued Approval in Principle (AIP) for a 7,500 cbm LNG bunkering vessel designed by Hanjin Heavy Industries & Construction Co., Ltd. This design is the result of joint research carried out by Hanjin Heavy Industries & Construction Co., Ltd. and ClassNK to improve the efficiency of LNG bunkering vessels. The choice of LNG as ship fuel has become increasingly prevalent in the industry, and is expected to become one of a primary source of fuel in the near future.
Skangas Secures Framework Agreement with Statoil
Skangas has entered into an agreement with Statoil for delivery of liquefied natural gas (LNG) fuel for their platform supply vessels (PSV). The LNG will be delivered to several bases along the Norwegian west coast by ship. Skangas will in addition deliver LNG to Statoil’s tugs at Kårstø. The agreement is valid from 1 April 2017 until the end of 2020 with an option for two plus two years. The supply bases are located at Mongstad, Florø (Saga Fjordbase) and Kristiansund (Vestbase).
CMA CGM, ENGIE Ink LNG Deal
CMA CGM and ENGIE signed a Memorandum of Understanding to promote LNG as the marine fuel for tomorrow’s container vessels. Farid Salem, Executive Officer of the CMA CGM Group, and Isabelle Kocher, CEO of ENGIE, signed the agreement today at the Marseille headquarters of CMA CGM. * A study about the development of engineering specifications for a bunkering vessel adapted to LNG powered container ships, so as to improve over time the logistics chain necessary to fueling this type of vessels, thus promoting their deployment.
Crowley Hits Milestones in Puerto Rico Investment
Highlighting the economic impact under the Jones Act of its $500 million investment in the trade between the U.S. mainland and Puerto Rico, Crowley Maritime Corporation’s liner services group reached new milestones in its construction of two new, Commitment Class ConRo (combination container and Roll/On-Roll/Off) ships that will be powered by liquefied natural gas (LNG), and in its terminal construction in San Juan. The bow of El Coquí was recently set as shipbuilders at VT Halter Marine in Pascagoula…
VOS Start Equipped with Barge Master Gangway
Vroon has announced that walk-to-work vessel VOS Start is to be equipped with the brand-new Barge Master Gangway. This unique combination will enable safe and efficient transfer of personnel and cargo. The Barge Master Gangway incorporates an access tower with elevator, providing stepless access. The adjustable pedestal provides full flexibility in landing heights. With the participation of Bosch Rexroth in the Barge Master team, the highest quality and safety standards are guaranteed. This unrivalled, next-generation walk-to-work vessel will be available to the offshore industry in Q2 2017.
Nakilat Transitions LNG Fleet from Shell
Nakilat Shipping Qatar Limited (NSQL) signed an agreement with Shell International Trading and Shipping Company Limited (Shell) to begin the planned phased transition of the management of Nakilat’s LNG fleet from Shell to NSQL. Shell has provided a range of shipping services to Nakilat’s LNG fleet since it was established in 2006, including the ship management of 14 Q-Max and 11 Q-Flex LNG carriers and the sharing of Shell’s Shipping & Maritime expertise. The vessels will be transitioned in three phases starting this year and shall be managed by Nakilat’s in-house ship management arm…
LNG Sector Ready to meet Industry Demand
Ahead of the 70th Session of the IMO’s Marine Environment Protection Committee (MEPC), the cross-industry coalition 'SEA\LNG' has highlighted the ability of the liquefied natural gas (LNG) sector to meet the future emissions requirements of the global shipping industry. The recently formed coalition has issued a position statement which outlines the benefits of LNG as a marine fuel and offers its support for the implementation of MARPOL Annex VI for the prevention of air pollution by ships.
Sailing into the Arctic’s Future
Last month, a large cruise ship completed its inaugural cruise through the Northwest Passage. The historic journey brought nearly 1,700 passengers from Seward, Alaska, past the rugged wilderness and isolated villages of the Arctic, to the concrete jungle of New York City. Along the way, passengers and crew were treated to a stunning contrast of climates, geography and culture. While understandable, concerns over passenger safety, wildlife disruptions and water pollution went unrealized during the historic cruise through the passage.
Ohmsett: Advancing Spill Response Every Day
The National Oil Spill Response Research and Renewable Energy Test Facility has been an integral part of the spill response community for more than three and a half decades. Tucked away on the shores of the Sandy Hook Bay in central New Jersey resides Ohmsett – The National Oil Spill Response Research and Renewable Energy Test Facility. It has been an integral part of the spill response community for more than three and a half decades. Government agencies, private industry, and oil spill response organizations from around the world have visited the facility for testing, research and training.
Iran’s Gasoline Imports Plunge
Iran's gasoline imports decreased from 12 million liters per day (ml/d) in the first half of current fiscal year to 4 ml/d currently, says Seyyed Mohsen Ghamsari, the director for international affairs of the National Iranian Oil Company (NIOC). “The current figure for gasoline imports stands at four million liters,” he highlighted, expecting further decline in imports of the oil product in the second half of the current year. Ghamsari said fuel oil and liquefied petroleum gas (LPG) are also being shipped abroad with the figure for fuel oil being more than two million tons per month.
Iran Calls for Oil Majors to Bid for New Projects
Iran has invited global energy giants to a tender for the development of several of its key oil sector projects. The National Iranian Oil Company (NIOC) via an announcement has called on foreign exploration and production companies to submit the required pre-qualification documents for the tender as of Monday, 17 October 2016. It is stated in the statement published on NIOC’s website that the proposals should be submitted before 19 November 2016 and that the successful bidders will be announced on 7 December 2016. It is still not clear which projects will be put on tender.
Olympic Shipping to Get Finance
The struggling Norwegian supply vessel shipping firm Olympic Shipping said a consortium of investors is willing to invest about 500 million Norwegian crowns ($61.79 million) in a refinancing of the company, reports Reuters. Olympic Shipping is one of the shipping companies that are struggling vigorously. Since summer, Olympic Shipping lived on creditors' grace under a so-called "standstill agreement". This means that the company has released to pay installments on their loans, anticipating that one tries to find a financial solution for the company.
China Planning $100 bln Merger of Sinochem, ChemChina
Chinese state-owned chemical companies Sinochem Group and ChemChina are in discussions about a possible merger to create a chemicals, fertilizer and oil giant with almost $100 billion in annual revenue, reports Reuters. The deal was reportedly proposed by China’s central government. “The government has given the mandate to let Sinochem lead in this potential merger with ChemChina,” said a source. The combination of the two Chinese rivals is part of a broader strategy by the regulatory…
Sea Trucks Awarded Contract Offshore Ghana
Sea Trucks Group said it has secured a contract award from Tullow Ghana Limited for the provision of a Construction Support Vessel (CSV) providing Accommodation and Heavy Lift services to the turret moored FPSO Kwame Nkrumahe, located in the Jubilee Unit Area, 60 km offshore Ghana. The scope of work covers accommodation for up to 120 company pax. The scope also includes the heavy lift of two 50 Ton fairlead chain stopper foundation block structures, a 34 Ton mooring pull-in winch and other smaller lifts.
Wärtsilä to Power Mediterranean's First LNG Ferry
Wärtsilä said it has signed a contract with Construcciones Navales del Norte SL (LaNaval) shipyard in Sestao, Spain for the design and supply of the LNG power and propulsion installation for a new RoRo passenger ferry being built for Spanish owner Baleària, an operator serving the Balearic Islands. There is also an option for a second vessel. The contract, signed in August 2016, will also see Wärtsilä provide inclusive project support services to the yard, including integration engineering and on-site consulting, as well as commissioning of the combined systems.
Caterpillar Propulsion for New LNG Cruise Ships
Caterpillar Marine said its dual fuel engines have been selected for a new generation of cruise ships; tThe company’s MaK 16 M 46 DF dual fuel engines, along with the full LNG supply and handling system, are to be installed on four new ships, two apiece under construction at Meyer Werft’s Papenburg (Germany) and Turku (Finland) shipyards. Caterpillar Marine now offers all round LNG propulsion solutions – from shore-side bunkering to on-board storage; from bunker tanks via LNG handling and treatment to the dual fuel engines including automation systems…
India to Double LNG Import
India plans to double its LNG import capacity in one year to augment gas based transport systems. The country will seek help from Russia and the US to make such ambitious plan possible. India plans to more than double its liquefied natural gas (LNG) annual import capacity to 50 million tonnes in the next few years, PTI reports quoting Petroleum Minister Dharmendra Pradhan. "We currently have LNG import and regassification capacity of 21 million tonnes. The minister said that as part of the strategy to move towards a gas-based economy…
Clyde Launches Training Facility
Clyde Training Solutions (CTS) opened central Scotland’s first dedicated marine and offshore international training centre. CTS – a newly established Clyde Group company - is now offering an extensive range of onsite accredited maritime safety courses to an international market at its new complex on the banks of the River Clyde in Clydebank. Phase one of operations at the centre has created in the region of 30 jobs with potential operational growth likely to create future employment.
Korea Gas Corp Launches 4-cargo LNG Buy Tender to Refill Stocks
Korea Gas Corp has launched a tender to buy up to four liquefied natural gas (LNG) cargoes for delivery across the November-February winter period, as it seeks to replenish reserves, traders said. As strong air conditioning demand this summer and earthquake-related reactor outages helped drain gas stockpiles, the company has had to top up reserves by turning to long-term supplier Qatar and also via spot purchases, traders have said. The bidding deadline is Oct. 21 and the tender is valid until Oct. 27, one trader added. Resurgent demand from South Korea partly caused a dry spell in Qatari LNG deliveries to Britain during the past month.