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US Postpones Gulf of Mexico Oil and Gas Auction Due to Litigation
The Biden administration on Thursday postponed a Nov. 8 sale of offshore drilling rights in the Gulf of Mexico pending the outcome of a lawsuit over oil and gas development and federal protection of an endangered species of whale.The move comes after a U.S. appeals court on Oct. 26 temporarily paused a lower court order requiring the Interior Department's U.S. Bureau of Ocean Energy Management (BOEM) to expand the auction…
BIO-UV to Deliver Ballast Water Treatment System for Drillship Pair
BIO-UV Group said Thursday it had received a major order to supply its BIO-SEA ballast water treatment system to a pair of drillships scheduled to enter an undisclosed operator’s offshore drilling rig fleet.According to BIO-UV, a modular version from the BIO-SEA B-Series, combining mechanical filtration and UV disinfection, has been ordered by a United Arab Emirates-based offshore drilling contractor…
Brazilian Offshore Uptick Could Tighten US OSV Fleet
Increased activity in the Brazilian offshore oil and gas sector could help strengthen the market recovery for offshore supply vessels (OSV) in the U.S. Gulf of Mexico.In early October, Brazilian state-owned oil company Petrobras issued requests for quotations (RFQ) for up to 20 OSVs ranging from 3,000 to over 4,500 deadweight tons to support upcoming drilling and production activities. The value of…
Damen Completes ASD Tug Trio Delivery to Polish Client
Dutch shipbuilder Damen Shipyards has recently delivered three ASD Tugs to Poland’s WUZ Ports and Maritime Services.“On the 19th of October, the flag raising ceremony for three new ASD Tugs took place in Gdansk, Poland. In the presence of a large group of Polish and international associates and company employees, the new tugs were welcomed into the fleet. This followed the christening ceremony of the second ASD Tug 2811 that took place in September in Rotterdam.
U.S. Appeals Court Blocks Gulf of Mexico Oil and Gas Sale Expansion, Pending Appeal
A U.S. appeals court on Thursday temporarily paused a federal judge's order last month that had required the Biden administration to expand a planned offshore oil and gas auction in the Gulf of Mexico by 6 million acres (2.4 million hectares).The U.S. Court of Appeals for the 5th Circuit stayed the September decision pending an appeal, according to a court document. Oral arguments are scheduled for Nov.
Hornblower Announces Leadership Promotions
Hornblower Group on Monday announced the promotions of several key members of its leadership team.“These changes within the leadership team represent a significant milestone for Hornblower Group as we forge ahead in working toward our company’s ambitions goals,” said Kevin Rabbitt, Chief Executive Officer for Hornblower Group. “I have full confidence that this group, with their impressive backgrounds and extensive industry knowledge…
US Sets Date for Gulf of Mexico Lease Sale After Court Order
The Biden administration on Thursday said it would hold an auction of oil and gas leases in the Gulf of Mexico on Nov. 8 following a court order to expand the sale.In a statement, the U.S. Bureau of Ocean Energy Management said the sale would offer about 72.7 million acres on the Outer Continental Shelf, including 6 million acres it had withdrawn from the auction in an effort to protect the endangered Rice's whale habitat.Last month, a U.S. appeals court gave the administration until Nov.
Japanese Shipping Giant Buys Into Norwegian Floating Wind Firm
Japanese shipping giant Mitsui O.S.K. Lines, Ltd. (MOL) has, following a recent private placement, become a shareholder in Odfjell Oceanwind, a Norwegian floating wind technology developer."The transaction generates significant capital which will be used to further strengthening Odfjell Oceanwind’s position as a global leader and frontrunner in floating offshore wind technologies. Odfjell Technology Ltd.
Biden Angers All Sides with Scaled Back Offshore Oil Drilling Plan
The Biden administration's plan to slash offshore oil and gas leasing drew fire from both the fossil fuel industry and environmentalists on Friday, with energy companies saying it will raise fuel prices and greens saying it undermines efforts to stop global warming. The criticism from both sides reflects the difficulty Biden's White House has had in dealing with U.S. oil extraction policies, as it…
US Plans Sharp Reduction in Offshore Oil and Gas Lease Sales
The Biden administration on Friday unveiled a plan to phase down oil and gas auctions in federal waters with the release of a long-awaited leasing schedule that includes a maximum of three sales in the Gulf of Mexico through 2029.The Interior Department's plan includes by far the lowest number of sales since the agency began producing Congressionally-mandated five-year oil and gas leasing schedules in 1980. Previous programs have ranged between 11 and 41 sales, according to Interior's U.S.
Biden's Five-year Offshore Oil Plan to Have Historically Few Lease Sales
The Biden administration's five-year plan for offshore oil and gas leasing will not include any sales in 2024 and will feature the lowest number of auctions in the history of the program in the four years to follow, according to three sources familiar with the matter.The schedule for leasing in the Gulf of Mexico and Alaska for 2024-2028 is due on Friday following several delays and months of battling…
Arbitration Tribunal Delivers Verdict: Hanwha Triumphs in Deepwater Drillship Dispute
An arbitration tribunal has delivered a verdict in a drillship order cancellation case involving offshore drilling contractor Northern Drilling and Daweoo Shipbuilding Marine and Engineering (now known as Hanwha Ocean), ruling in favor of Hanwha.Billionaire John Fredriksen-owned offshore drilling company Northern Drilling canceled the West Aquila and West Libra drillship orders with South Korea's Daewoo Shipbuilding & Marine Engineering in 2021…
Floating Wind: What Opportunities Exist for Installation Companies and Vessel Owners?
Global floating wind capacity will have grown from less than 200 MW at the end of 2022 to around 61 GW of grid connected capacity by 2035. This activity will require over $250 billion in capital expenditure. Over 75% of the forecast activity is expected to come from four countries. The global forecast translates demand to a requirement to pre-lay more than 6,000 mooring spreads within the forecast period and the hook-up of around 5,400 turbines.
Transocean Awarded $222 Million Drillship Contract
Offshore drilling contractor Transocean announced it has been awarded a $222 million contract for one of its ultra-deepwater drillships to go to work offshore India.India's state-controlled Oil and Natural Gas Corporation Ltd awarded the binding notification of award for Transocean's Dhirubhai Deepwater KG1, a sixth-generation drillship built in 2009 by South Korea's Samsung Heavy Industries.The 21-month program is expected to commence in the first quarter of 2024…
Oil Companies Sue Over Lease Changes Made to Protect Whales
An oil and gas industry trade group, the state of Louisiana and Chevron on Thursday sued the Biden administration over its decision to withdraw acreage from an upcoming oil and gas lease sale in the Gulf of Mexico to protect an endangered whale.The suit is the latest dispute between the oil and gas industry and the administration of President Joe Biden over leasing federal lands and waters for energy…
Russia Says It Destroyed Ukrainian Vessel Near Black Sea Gas Facilities
A Russian warplane destroyed a Ukrainian reconnaissance vessel in an area in the Black Sea where Russian gas extraction facilities are located, the Russian Defence Ministry said early on Tuesday.The ministry said in a short statement that the Ukrainian vessel had been destroyed by an SU-30 aircraft from Russia's Black Sea Fleet.There was no immediate comment from Ukraine, which rarely comments publicly…
Solstad Offshore Wins $100M Vessel Contracts with PRIO and Equinor in Brazil
Solstad Offshore has been awarded two contracts worth $100 million in total from Brazilian clients.The Norwegian offshore vessel owner said that its construction support vessel, Normand Pioneer, won an extension of its charter contract with the Brazilian oil company PRIO for a period of 18 months to August 2025. The vessel will support PRIO's E&P activities in Brazilian waters. Also, Solstad and Equinor…
COSCO Shipping Sets Semi-Sub Heavy Lift Record
COSCO shipping claims a new record for the heaviest tonnage and largest volume of a single piece of cargo carried.The record came with the smooth departure of the deepwater drilling platform, Deep Blue Exploration, transiting from Singapore to China on the 80,000-ton semi-submersible ship Xin Yaohua operated by COSCO Shipping Special Transport.CNOOC's Deep Blue Exploration platform is the world's first…
Solstad Offshore Wraps $580M Sale of PSV Fleet to Tidewater, Exiting the Business
Norwegian offshore vessel operator Solstad Offshore has officially exited the platform supply vessel business.Namely, the company on Wednesday completed the sale of its PSV fleet to the U.S. offshore vessel firm Tidewater for approximately $580 million. The transaction, first announced in March, was completed Wednesday, with all 37 platform supply vessels, primarily used for transporting essential supplies and equipment to offshore oil and gas platforms and drilling rigs…
Northern Lights CCS: Trailblazing the Path to Europe’s Net Zero Emissions
In the global quest for achieving net zero emissions and slowing down global warming, carbon capture and storage (CCUS) technology has emerged as an important solution. Among the notable projects being developed in the field is the Northern Lights offshore carbon capture and storage project in Norway, a country with long experience with offshore CO2 storage.The transition to a sustainable energy future requires innovative solutions that go beyond simply halting fossil fuel projects.