Offshore Canada News

Hibernia Management and Development Company Ltd. (HMDC), the operator of the Hibernia platform in the Atlantic Ocean offshore Canada, has reported that a near-miss incident occurred on the platform on October 5, 2022.According to HMDC, as reported to safety regulator CNLOPB, on October 5, the platform's personnel were in the process of completing a pressure test of the high-pressure manifold on the Hibernia Platform. Personnel had closed the upper diverter valve when the valve…

Norwegian offshore vessel owners Solstad Offshore and Siem Offshore said Monday in separate statements they'd secured a contract for their offshore vessels.Solstad Offshore won a contract for its construction support vessel Normand Valiant with Brazil's Petrobras. Normand Valiant will provide accommodation services to support production activities on the Brazilian continental shelf. The charter is two years firm with an option of a two-year extension. The contract is expected to start in the second quarter of 2022.

A fire broke out on Saturday aboard Suncor Energy-operated Terra Nova FPSO offshore Canada, the offshore oil and gas regulator C-NLOPB said.Suncor told C-NLOPB that everyone onboard was accounted for and safe, and that the fire had been extinguished."There are no injuries and we await further information from Suncor as to the extent & their assessment of the cause," the C-NLOPB said Saturday. According to a report by CBC, there are 82 people aboard the FPSO.Per C-NLOPB, there is no gas or crude held onboard the FPSO which has been shut down for maintenance."The facility is not producing at this time,” CNLOPB tweeted on May 30.To remind…

ACO Marine has appointed a new distributor in Canada to help meet increasing demand in the region for wastewater treatment solutions capable of exceeding stringent environmental protection requirements. Ontario-based Marine and Offshore (MAO) Canada will provide sales and technical  support across ACO Marine’s range of products, including the MEPC227(64) compliant Clarimar MF and Maripur NF biological sewage treatment plants. Roger McNeill, Managing Director, Marine and Offshore Canada, said: “We are very much looking forward to representing ACO Marine in Canada.

Transocean Ltd. (NYSE: RIG) announced today that the Transocean Barents, a harsh-environment, ultra-deepwater floater, has been awarded a 15-month contract with Suncor Energy at a dayrate of $260,000. The estimated contract backlog, excluding mobilization, is $119 million. The rig is expected to commence operations offshore Canada in the third quarter of 2017.

Transocean Ltd. announced today that the harsh-environment semisubmersible Henry Goodrich was awarded a two year contract with Husky Oil Operations Limited offshore Canada at a dayrate of $275,000. The estimated contract backlog excluding mobilization is $200 million. The rig is expected to commence operations in the second quarter of 2016. As of December 6, 2015, the company's contract backlog is approximately $16.8 billion.

EBITDA margin ex. EBIT margin ex. Aker Solutions' revenue was steady at NOK 8 billion in the second quarter of 2015 from a year earlier amid progress on major projects from Africa to Norway and Brazil. Earnings before interest and taxes (EBIT) were NOK 376 million, compared with NOK 472 million a year earlier. Aker Solutions secured NOK 3.4 billion in orders in the quarter, including a key maintenance, modifications and operations contract from ExxonMobil for engineering, procurement, construction and maintenance services at the Hebron oilfield offshore Canada. The company won strategically significant orders for early-phase studies for existing and potential offshore field developments in Malaysia, Australia, the Gulf of Mexico and Norway, including the Barents Sea.

Electromagnetic Geoservices ASA (EMGS) releases information on vessel activity and utilisation 4-5 working days after the close of each quarter. The Company defines "vessel utilisation" as the percentage of the vessel charter period spent on contracted or multi-client data acquisition. Vessel utilisation for the third quarter 2014 came in at 69% compared with 77% for the third quarter 2013. In the third quarter this year, the Company's vessels were allocated 31% to contract and 38% to multi-client programmes, whereas the allocation was 35% and 42% respectively in the corresponding quarter last year. EMGS recorded 11.4 vessel months this quarter, compared with 9.9 in the third quarter of 2013.

Statoil's fourth quarter 2013 net operating income was NOK 43.9 billion. In 2013, net operating income was NOK 155.5 billion. At today's Capital Markets Update, Statoil presents its plan for reduced capital expenditure by more than $5 billion (USD) from 2014-16 compared to previous plans. This will enable positive organic free cash flow after dividend from 2016. Statoil expects to deliver around 3 % average rebased organic production growth from 2013-16. Adjusted earnings for the fourth quarter of 2013 were NOK 42.3 billion, compared to NOK 48.3 billion in the fourth quarter of 2012.

Statoil's third quarter 2013 net operating income was NOK 39.3 billion. Adjusted earnings were NOK 40.4 billion. "Statoil delivered strong strategic progress in the third quarter. We added high-value barrels through the Bay du Nord discovery offshore Canada, the world's largest oil discovery this year. We also announced a major divestment to capture value created through asset development and unlock capital for investment in high return projects. Our operational performance is good and we delivered solid earnings in the period," said Helge Lund, Statoil's president and CEO. Statoil's net operating income of NOK 39.3 billion in the third quarter was positively impacted by gain from sale of assets. Refinery impairments and commercial provisions impacted the financial result negatively.

Gibdock completes a refit of the 12-streamer 3D seismic vessel 'WG Cook' for WesternGeco. WG Cook is one of six 12-streamer 3D seismic ships delivered to the owner in 2010. The 19-day project was completed on time and with no serious QHSE incidents in preparation for WG Cook’s deployment offshore Canada for a seismic survey. “The project was awarded on a competitive tender basis, while the location of the yard is also favourable for this project,” says Mick Richardson, WesternGeco Fleet Technical Manager.

Gibdock completed a refit of the seismic vessel WG Cook for WesternGeco. WG Cook is one of six 12-streamer 3D seismic ships delivered to the owner in 2010. The 19-day project was completed on time and with no serious QHSE incidents in preparation for WG Cook’s deployment offshore Canada for a seismic survey. Gibdock allocated its largest drydock to the project, allowing a variety of yard equipment to be deployed simultaneously. The dock’s heavy lifting capability was also a factor, with one of its three cranes being occupied continuously by a 5m exhaust extension and main mast modifications.

Aker Solutions awarded contract for offshore engineering services to support Husky Energy at White Rose field. The scope of work includes studies, modifications (EPCI) and campaign maintenance services. The duration is five years with an option to extend the contract for as many as 10 one-year periods. The estimated contract value is NOK 900 million for the five-year period. "We are delighted that Husky has chosen us as their preferred partner for offshore engineering services at the White Rose field," says Tore Sjursen, head of maintenance, modifications and operations at Aker Solutions. The project will employ about 70 management and engineering employees onshore, as well as 20 people on rotation offshore. The White Rose field is located 350 kilometres southeast of St.

GE’s Power Conversion business signed a multimillion dollar contract with shipbuilder Hyundai Heavy Industries (HHI) of Ulsan, South Korea. GE will supply electric power, propulsion systems and drilling drives for a new semisubmersible drilling platform HHI is building for Seadrill Ltd., which is expected to work in either the North Sea or offshore Canada. The sixth generation semisubmersible, based on a Moss Maritime CS60 design, will be built in accordance with Norwegian regulatory body Det Norske Veritas’ (DNV) dynamic positioning DP3 class—the highest notation in terms of design to withstand specified instances of equipment failure.

International oil service group Aker Solutions strengthens its commitment to the Canadian oil and gas market through taking full ownership of Newfoundland and Labrador-based AKCS Offshore Partner. "The buy-out will support Aker Solutions' growth plans in North America and be the foundation for further expansion in St. John's and Atlantic Canada. This is a firm commitment from Aker Solutions to continue to invest in this region to offer the best possible support to our customers," says Tore Sjursen, head of maintenance, modifications and operations (MMO) in Aker Solutions. AKCS Offshore Partner was a partnership formed by Aker Solutions, SNC-Lavalin and G.J Cahill & Co. in 2002 to pursue contracts for the Atlantic Canada oil and gas industry.

The Hebron field development offshore Newfoundland and Labrador was sanctioned by operator ExxonMobil and its co-venturers. Located approximately 350 km offshore Newfoundland, the Hebron platform will be a concrete Gravity Based Structure (GBS) in 95 meters water depth. The Hebron field is estimated to produce more than 700 million barrels of oil. The platform is being designed for an oil production rate of 150,000 barrels of oil per day. For Statoil, which holds a 9.7% share in Hebron, this is a significant component in the growth of the company’s Canada East Coast operations.

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) has issued a monthly fleet update summary which includes new contracts, significant changes to existing contracts, and changes in estimated planned out of service time of 15 or more days since October 17, 2012. Backlog for new contracts or extensions associated with continuing operations since the October 17, 2012 fleet status report is approximately $1.1 billion. Estimated 2012 out of service time for continuing operations increased by a net 25 days; 2013 out of service time decreased by a net 39 days. Estimated out of service time on rigs classified as discontinued operations increased by a net 93 days for 2012 and decreased by a net five days for 2013.

Statoil's oil and gas production in North America continues to show strong growth. In the last decade, Statoil's North American portfolio had a Compound Annual Growth Rate of more than 20% and the company projects a strong growth rate also going forward. "Average production from our US and Canadian fields  in the first quarter 2012 was 149,000 barrels of oil equivalent (boe) per day  – up as much as 75% compared to the corresponding quarter in 2011. We are on track to reach our ambition of producing above 500…

The number of floating production systems continues to grow – 250 floating production units are now in service or available worldwide. Five years ago there were 177 units, ten years ago 119 units. In the current inventory are 155 floating production storage offloading vessels (FPSO), 42 production semis, 22 tension leg platforms, 18 production spars, 8 production barges and five floating storage regasification vessels (FSRU). Current order backlog consists of 49 production floaters.

Husky Energy, Suncor Energy and Statoil Canada reportedly signed a deal to share an offshore rig, helping support continued activity off the Newfoundland and Labrador coast, according to a recent report from www.vancouversun.com. The three-year agreement will see the major oil and gas producers share use of the Henry Goodrich semi-submersible drilling unit for separate projects. It is the second such rig-sharing deal between the corporations with drilling contractor TransOcean, operator of the ill-fated Macondo rig for BP in this spring's offshore U.S. Gulf of Mexico disaster. The prior agreement led to the drilling of the Ballicatters well on the Grand Banks by Suncor Energy…

Statoil, Chevron Canada and Repsol E&P Canada have been named the successful bidders for exploration rights on two land parcels in the Flemish Pass Basin, offshore Newfoundland and Labrador, Canada. This was the result of a land sale issued by the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB). The land parcels are located west of Statoil’s Mizzen discovery in the Flemish Pass Basin. Statoil will be the operator of both licences with a 50 % interest. Chevron Canada has 40 % and Repsol E&P Canada has 10%.

Rutter Inc. Signs $1.4 Million Funding Contract for Ice Navigation and Detection Radar Research and Development. Canadian-based Rutter Inc. will receive $1.4 million in funding from Petroleum Research Newfoundland and Labrador under its Arctic & Harsh Environments strategic focus area. The funds will be used to build and test an advanced radar system that is capable of providing enhanced ice navigation and detection. The integrated dual polarized ice navigation and detection radar is expected to help operators distinguish between the much harder multi-year ice and first-year ice, a major challenge for vessels operating in ice‐infested waters.

StatoilHydro was awarded an interest in two licenses off the coast of Newfoundland, Canada, in a land sale award announced 17 November 2008. The company will operate one of the licenses. "We are pleased with the results of this license round. It shows our commitment to the region and our ambition to explore the offshore areas of the east coast of Canada," said Svein Ivar Leivestad, head of offshore exploration in StatoilHydro Canada. The first license is in the Flemish Pass Basin, close to StatoilHydro's Mizzen well that will be drilled this winter. StatoilHydro is the operator with a 65% working interest, with Husky as the partner with 35%. The second license is in the Jeanne d’Arc Basin, with a 50% StatoilHydro interest. Petro-Canada is the operator.