Marine Premiums Drop 10%, Could get Worse
The International Union of Marine Insurance – unveiling its annual statistical report on the marine insurance market at today’s conference in Genova, announced global underwriting premiums for 2015 of USD 29.9bn. This is a 10.5% reduction on the 2014 figure. Vice-Chairman of IUMI’s Facts & Figures Committee, Astrid Seltmann explains, “Part of the reduction can be attributed to the strong US dollar as compared with other currencies but this is not the whole picture, particularly for hull and offshore energy where much of the original business is written in USD.
Offshore Energy Conference: Exceeds Expectations
Record number of 7632 attendants gathered in Amsterdam. Offshore industry professionals from around the world gathered in Amsterdam on 23 - 24 October for Offshore Energy Exhibition & Conference 2012. Offshore Energy 2012 continued on its path of steady growth. The exhibition sold out and welcomed over 400 exhibitors, up 33% from 2011. 204 new exhibitors took part, including international exhibitors coming from a.o. Sweden, Dubai, Italy, United Kingdom, Finland, Russia, United States, and France. Exhibition visitors represented 45 countries.
OMSA Says Offshore Jobs Should Go to Americans
The Offshore Marine Service Association (OMSA), the association representing the owners and operators of the U.S. “We strongly support efforts to expand our offshore energy resources, whether through opening new areas for oil and gas leasing or alternative sources like wind power and wave generation. This will help America achieve energy independence and create jobs at the same time. Energy expansion offshore and American jobs are connected. But we need to call attention to the fact that an alarming and growing number of foreign vessels are working offshore, taking jobs away from American mariners and work away from American companies. If we are now going to expand offshore energy, we must ensure that the work is done by Americans.
Offshore Energy 2011: Confidence in O&G
As energy demand is rising again, the year 2011 marks a turning point in the oil & gas industry with increased investments in the entire value chain. Offshore Energy in Amsterdam (11 & 12 October 2011), clearly reflects the confidence that governs the industry today. In four years time, the number of participants has quadrupled. For this year's edition, event organizer Navingo is considering an expansion of the hall to 10,000 sq.m. The original 8,000 sq. m. exhibition floor at Amsterdam RAI, which will host Offshore Energy 2011, has rapidly filled up. In no time at all, over 250 stands were sold - well over 80% of the expected number of stands.
Nicolaisen Joins TWG
TWG said that Kirk Nicolaisen has joined its sales team, taking on the role of Offshore Energy Account Manager. Kirk is based out of Gulfport, Mississippi, and brings more than 16 years of experience developing business and serving customers in the offshore energy market. Kirk has a B.S. in Mechanical Engineering and has extensive experience specific to winches and offshore equipment. In this position, Kirk will be managing sales and growth within our offshore energy accounts for all brands of TWG. TWG is committed to developing our technical and customer support team to expand our presence in the offshore market, and is excited by the strength Kirk bring to the company.
NOIA Applauds New Offshore Wind Consortium & Office
The National Ocean Industries Association (NOIA) strongly supports the responsible development of all offshore energy sources and applauds the announcement by Interior Secretary Ken Salazar of the establishment of both the Atlantic Offshore Wind Energy Consortium and the new Atlantic Offshore Renewable Energy Office in Virginia. “All forms of energy are important to our economic and energy security,” said NOIA President Randall Luthi. The NOIA membership includes Cape Wind, which on April 28, 2010 received the first ever DOI approval for an offshore wind farm. Other NOIA member companies include those who are positioned to provide essential services to future offshore energy projects.
OMSA: New Offshore Oil & Gas Areas
As the association representing the owners and operators of the offshore supply vessels that support offshore exploration, development and production, we are looking forward to the Administration following through on the President’s stated desire to increase offshore energy production -- be it from oil, gas or renewable sources. However, if we as a country are going to expand offshore energy, we need to ensure that the work is done by Americans, especially when it comes to the vessels that make that expansion possible. The Department of Homeland Security is currently reviewing the situations in which foreign vessels and foreign mariners are allowed to work in our offshore energy sector. The issue involves the Jones Act, a law that requires cargo carried between U.S.
Western GofM Oil/Gas Lease Bidding: NOIA Comments
National Ocean Industries Association President Randall Luthi encouraged by sales, urges further offshore developments. "This sale is on-par with expectations and shows that the offshore oil and natural gas industry is still committed to domestic exploration and production. The Federal government benefits from this sale through non-income tax revenue and the promise of future income through rents and potential royalties upon production. With enormous economic challenges facing the U.S., and the impending "fiscal-cliff" dominating the national conversation, it is gratifying to see the offshore industry stepping up to the plate and providing hundreds of millions of dollars to the U.S. treasury.
Obama’s Address Missed Energy Opportunities -NOIA
NOIA President Randall Luthi issued a statement in response to President Obama’s 2015 State of the Union Address, stating that the President missed a few key points regarding domestic onshore and offshore energy production and supply, and its impact on the U.S. economy. "While the President highlighted America's energy renaissance in his address to Congress tonight, he failed to note that the increase in the supply of American-made energy is occurring on state and private lands, not the federal lands under his control,” Luthi said.
Tidewater Elects Day, Announces Sr. Hire
New Orleans-based Tidewater Inc. elected James C. Day to its Board of Directors and reported it has hired Bruce Lundstrom as senior vice president, general counsel and secretary. Day joins Tidewater’s Board with more than 30 years of experience in the oil and gas industry. He is the retired chairman and former CEO of Noble Corp., one of the world’s largest offshore drilling companies. Day serves on the Board of Directors of ONEOK Inc., and as a trustee of the Samuel Roberts Noble Foundation. He also served on the Board of the Offshore Energy Center and the American Petroleum Institute. Lundstrom most recently served as senior vice president and general counsel for Prisma Energy International Inc.…
Offshore Revenue Sharing Legislation Passes U.S. House
The U.S. House of Representatives has passed H.R. 2231, the 'Offshore Energy and Jobs Act'. The legislation would open new offshore areas to exploration by requiring the Obama Administration to create a new five year leasing plan for the United States’ offshore energy resources in areas containing the most oil and gas potential. Additionally, it would create a fair and equitable offshore revenue sharing program for coastal states like Alaska. “Once again the House of Representatives continues to lead the way when it comes to increasing domestic energy production. Today’s legislation would expand American offshore energy development, including more leasing in Alaska’s Beaufort and Chukchi Seas,” Alaskan Rep. Congressman Don Young said.
Offshore Installations: BSEE to Host Hurricane Preparations Forum
The Bureau of Safety & Environmental Enforcement (BSEE) will host a public forum on offshore energy infrastructure hurricane preparedness and response on Thursday, June 27, 2013, as part of its efforts to improve the safety of offshore oil and gas operations. “In our continuing efforts to be fully prepared for hurricane season, we are bringing together representatives from the government, oil and gas industry and environmental community to discuss our actions to protect offshore energy infrastructure and the environment during a hurricane in the Gulf of Mexico,” said BSEE Director James Watson. In the aftermath of the 2005 hurricane season, platforms toppled and pipelines were ripped from the seafloor.
Tidal Transit Gets North Sea Offshore Wind Farm Charter
Scira Offshore Energy, the company developing the UK's Sheringham Shoal Offshore Wind Farm with its 88 turbines situated between 9-17 miles off the coast of North Norfolk, is to charter Eden Rose, one of Tidal Transit’s innovative wind farm personnel and equipment transfer boats, to service the site development. The Sheringham Shoal Offshore Wind Farm is the third major offshore wind energy project to be supported by Tidal Transit vessels. Immediately after her arrival in the UK from Spanish ship builder, Mercurio Plastics, Eden Rose went into operation for RES Offshore in Grimsby, servicing meteorological masts 60 miles out into the North Sea…
Jaya Welcomes New President to Offshore Division
Max Hartvigsen has been appointed by Jaya Holdings Ltd. as the organization’s new President of the Offshore Division, effective immediately. Max will report directly to the Chief Executive Officer and will be responsible for business development, profit and loss for the fleet of owned and chartered vessels, and operational excellence of the fleet, including technical management, operational requirements and client management. Hartvigsen holds a Masters of Science in Shipping, Trade and Finance from the City University London, a Master Maritime Course from Vestfold University College, Norway, and a Bachelors of Science of Nautical Studies (Captain’s Degree).
BOEMRE Discusses Science in Offshore Energy Development
Stressing the importance of scientific integrity in decision-making regarding offshore energy development, Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) Director Michael R. Bromwich today highlighted the role of the bureau’s Outer Continental Shelf (OCS) Scientific Committee in evaluating the bureau’s research and scientific agenda. “The Scientific Committee is a vital part of our ongoing efforts to ensure we have the appropriate scientific information available on which to base decisions affecting offshore energy production on the U.S.
Seacat Services Supports Dong Construction Race
24 month, four-workboat, charter service agreement to provide DONG Energy with construction support across the Race Bank offshore wind project DONG Energy, a developer of offshore wind projects, and offshore energy support vessel operator Seacat Services, today confirmed a two-year, four-workboat crew transfer deal to support construction operations at the 580MW Race Bank Offshore Wind Farm. Under the terms of the agreement, the first charter day took place on April 1, 2016.
OMSA Testifies, Foreign Vessels Operating in U.S. Economic Zones
Offshore Marine Service Association (OMSA) President/CEO Ken Wells testified before the Subcommittee on Coast Guard and Maritime Transportation of the House Transportation and Infrastructure Committee on June 17, with regard to foreign vessels operating in the economic zone exclusive to American vessels. Testifying on the activities of foreign vessels that carry cargo and do construction work at offshore energy projects in the Gulf of Mexico, “our government enforcement agencies lack the tools to adequately track them or even hold them to compliance,” Wells said. OMSA members operate U.S. flag vessels and have made a commitment to comply with the laws of the United States on safety, environmental protection and security, and to pay American-level wages and American taxes.
NOIA on Dept. of Interior’s New Offshore Energy Oversight Structure
“The industry has been asking for clarity and certainty. Today’s announcement may provide a bit more clarity, but seems to only add to the uncertainty. We now know the structures and responsibilities of the new offshore energy management and enforcement agencies, but we still seek more certainty, particularly when it comes to permitting of deepwater work. “It seems that offshore operators will now need to communicate with one agency (BSSE) to obtain permits, but those permits will be reliant upon swift completion of environmental review by another agency (BOEM), thus creating the possibility for further bureaucratic delay. The real test is whether or not a permit for new deepwater drilling is issued in the very near future.
BMT Expands to Meet Increased Workload
BMT Nigel Gee (BMT), a subsidiary of BMT Group, has announced the completion of new offices in Southampton in order to meet a large increase in design work. Operating across four principal market sectors, the naval architectural practice delivers design and engineering services for specialised vessels in the commercial, yacht, defence and offshore energy markets. With 62 live projects, BMT has made an exciting start to 2015. Current contracts equate to a total vessel length of nearly 2600m, with projects spreading across 13 countries, over three continents.
Miller is VP - Government and Political Affairs, NOIA
The National Ocean Industries Association (NOIA) has promoted Megan Bel Miller to Vice President for Government and Political Affairs. She will lead NOIA's Congressional relations and Political Action Committee.Megan joined the NOIA staff in May 2013 as Senior Director, Government & Political Affairs. “Megan’s unparalleled Hill and legislative experience combined with her knowledge of the Gulf of Mexico and the offshore energy industry have greatly benefitted the NOIA membership and staff over the past two years.She has helped further our mission to promote offshore energy access…
Rigs' Parts Lack Third-Party Endorsements
According to an Associated Press report from August 31, the equipment failures blamed for the Gulf oil spill might have been detected if the owners of the Deepwater Horizon continued to have the rigs’ drilling equipment verified by independent experts — something federal regulators mistakenly thought was happening offshore. This lapse in the offshore energy industry's safety net has emerged as a key finding in the joint federal inquiry by the Coast Guard and Bureau of Ocean Energy Management, Regulation and Enforcement into the largest offshore oil spill in U.S. history. (Source: Associated Press)
104,800 Attendees at OTC 2013
Experts from the offshore energy industry around the world came together May 6-9 for the 2013 Offshore Technology Conference at Reliant Park in Houston. Attendance at the conference reached a 30-year high of 104,800, the second highest in show history and up 17% from last year. Attendance surpassed the 2012 total of 89,400 and the sold-out exhibition was the largest in show history at 652,185 ft², up from 641,350 ft² in 2012. The event had 2,728 companies representing 40 countries, including 244 new exhibitors in 2013. International companies made up 39% of exhibitors.
Swiber Holdings Report Profit Surge
Singapore-based offshore energy group Swiber Holdings issues its Q2 & HY 2012 financial report. Swiber Holdings provide offshore construction, offshore marine, subsea & offshore development services. 2Q 2012 highlights: Net Profit surges 66.0% to US$20.9 million Revenue rises 27.1% to US$229.6 million HY 2012 highlights: Net Profit rose 36.9% to US$33.5 million Revenue increases 28.0% to US$424.0 million Record order book of approximately US$1.6 billion, expected to contribute to Group’s results over the next two years Swiber considers that its strengthened capabilities places them in the big league, well placed for large contract wins.