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Biden Drilling Plan May Exclude All Waters Beyond Gulf of Mexico
The U.S. Interior Department has recommended to the White House that all federal offshore oil and gas drilling auctions over the next five years be located in the Gulf of Mexico, where the drilling industry has already been focused for decades, according to two sources familiar with the matter.The recommendation to exclude all other waters from offshore oil and gas development comes as U.S. President…
Transocean Takes Delivery of World's First 8th Generation Drillship
Singapore-based shipbuilder Sembcorp Marine has delivered the world's first 8th generation drillship, the Deepwater Atlas, to its owner Transocean.The Deepwater Atlas is the first of two ultra-deepwater drillships based on the Sembcorp Marine's Jurong Espadon 3T design. The completed drillship features three-million pound hook-load hoisting capacity and, according to the rigbuilder, sets a new frontier for next generation drillships with its ability to accommodate well control systems for 20…
Ukraine Hits Crimean Drilling Platforms
Ukrainian forces attacked drilling platforms in the Black Sea owned by a Crimean oil and gas company, the pro-Russian head of the annexed peninsula said on Monday…
West Africa Market Harbors Positive Potential for MODU Operators
The region could be a key growth market for the oil and gas industry going forward, writes Joshua Belo-Osagie, Maritime Strategies International (MSI).Improving sentiment surrounds energy market prospects offshore West Africa, the positive mood underpinned by higher oil prices, reformed regulatory frameworks in key markets including Angola and Nigeria and the discovery of major prospects off the Ivory Coast and Namibia.In addition…
Demand Grows for OSVs in the Offshore Floating Production and Storage Energy Sector
Over the last year we have seen an upswing in floating production and storage systems ordering after many years of low activity. According to our colleagues at World Energy Reports, “The global oil and natural gas markets are contending with rebounding energy demand on top of supply disruptions from Russia’s invasion of Ukraine. As a result, activity and business sentiment in the floating production…
PHOTO: Pioneering Spirit Brings Decommissioned Valhall Facilities to Stord for Recycling
Allseas giant Pioneering Spirit offshore construction ship is back in Stord, Norway, to deliver several decommissioned platform facilities removed from the Aker BP's Valhall field complex, located in the North Sea offshore Norway. The facilities will be recycled.The Pioneering Spirit, dubbed the world’s largest vessel, arrived in Stord on June 9, with the entire production and compression (PCP) platform topsides…
VIDEO: One-on-One with Pieter van Oord, CEO, Van Oord
Pieter van Oord is candid in discussing the future growth of his storied company’s activities in offshore wind with specific insights on challenging current jobs, Van Oord’s recent order of a massive and groundbreaking Wind Turbine Installation Vessel, and the company’s future working in the United States.Pieter, to start, can you give a ‘By the Numbers’ look at your company today using the metrics of your choice?Well, 2021 was a disappointing year for us.
Israel-Lebanon Sea Boundary Row Obstructs Energy Development
A dispute between Israel and Lebanon over their maritime boundary has obstructed energy exploration in the eastern Mediterranean and risks exacerbating tensions between two foes.After months of deadlock in U.S.-mediated talks, Beirut on Sunday warned against any activity in the disputed area, responding to the arrival of a vessel to develop a field for Israel. Lebanon has said the field in question, Karish, is in disputed waters.
Lebanon to Invite U.S. Envoy for Maritime Talks After Spat with Israel
Lebanon said on Monday it would invite a U.S. mediator to Beirut to continue negotiations over a disputed maritime boundary with Israel to prevent any escalation after accusing Israel of encroaching on contested waters.The issue flared up on Sunday when a vessel operated by London-based Energean arrived off the coast to develop a gas field which Israel says is part of its exclusive economic zone but…
Maersk Supply Service Wins Offshore Services Deal with Exxon in Angola
Danish offshore vessel owner Maersk Supply Service said Wednesday it had won a long-term contract with ExxonMobil in Angola.The contract is for the provision of project management, engineering, and marine services in support of the development of offshore drilling and production operations offshore Angola in the Block 15.Maersk Supply Service subsea support vessel Maersk Forza will perform the offshore marine operations…
US Prepares Renewal of Chevron's Venezuela License Without Broader Terms
The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp's license to operate in Venezuela, but likely without the greatly expanded terms the U.S. oil major sought, four people close to the talks said.The last U.S. energy producer in Venezuela asked President Joe Biden's government in March for a license that would allow it a greater say in its joint ventures with Venezuela's state-run PDVSA…
Fugro Deploys Mobile Rig for U.S. Offshore Wind Site Work
Dutch marine survey services firm Fugro is back on the water for Atlantic Shores Offshore Wind off the U.S. east coast, conducting a third year of integrated site characterisation services for the New Jersey-based offshore wind farm developer.Geophysical, metocean, and environmental scopes of work are currently underway, while geotechnical services will startlater this month, using a newly commissioned Fugro C30 mobile rig.Working from a third-party vessel…
U.S. Preparing New Five-year Plan for Offshore Oil and Gas Auctions
The Biden administration will propose a new five-year plan for offshore oil and gas development by June 30, the date when the current plan expires, Interior Secretary Deb Haaland said on Thursday.The announcement comes as the administration has faced pressure from Republican lawmakers to expand domestic drilling to address soaring fuel costs. President Joe Biden, however, wants to reform the federal…
Corvus Energy to Open US Battery Factory
Corvus Energy, supplier of battery energy storage systems (BESS) for marine applications, announced plans to open a new factory in the state of Washington to help meet demand for marine BESS in the Americas as the marine industry accelerates its adoption of decarbonization technology to meet global emissions reduction targets.The manufacturing facility—located just north of Seattle in the Port of Bellingham…
World's First 8th Generation Drillship Named in Singapore
Deepwater Atlas, the world's first 8th generation drillship, was recently named at a ceremony in Singapore. The news of the naming ceremony, held late in April, was shared by Transocean, a drilling contractor that owns the vessel, via social media this week.The Deepwater Atlas and its sister rig Deepwater Titan will be the first two 8th generation units when they enter service, and, according to Transocean…
First Jack-up Rig Built for IMI Loaded Out
International Maritime Industries (IMI), which describes itself as the largest shipyard in the MENA region, and offshore construction firm Lamprell on Tuesday announced the successful completion of the load-out and float-off of the first jackup drilling unit being constructed for IMI.The jack-up rig will now undergo intensive mechanical completion and commissioning before being transferred to IMI’s yard in Ras Al Khair…
U.S. Scraps Three Offshore Oil and Gas Lease Sales
The Biden administration on Wednesday said it would scrap three planned sales of offshore oil and gas leases in Alaska and the Gulf of Mexico.In a statement, the Department of Interior said it was not moving forward with an auction for drilling rights in the Cook Inlet off the coast of Alaska "due to lack of industry interest in leasing in the area."It also said two sales in the Gulf of Mexico would…
Guyana in 'No Rush' to Draft New Offshore Oil Production Sharing Agreement
Guyana is in "no rush" to draft a new production sharing agreement (PSA) for offshore oil development, its Natural Resources minister told Reuters, reversing a year-long drive to devise new rules for future output.The government of South America's newest crude oil producer said in 2021 it was planning a new agreement to revamp terms and boost royalties for future oil and gas projects. The proposed…
What Goes Around Comes Around - Sale of Ex-Sanko Energy Firming AHTS Values
Those who are old enough (or young enough) to remember Justin Timberlake’s poignant lyrics, ‘What goes around, goes around, goes around, comes all the way back around’…
Rising Calls for U.S. LNG Revive Stalled Export Projects, but at Higher Costs
Soaring demand for U.S. liquefied natural gas (LNG) as buyers steer clear of Russian fuel is putting some long-stalled U.S. export projects back on track. But rising costs for materials and labor threaten to snarl these plants once again.Two developers with projects sidelined due to the U.S.-China trade war – Energy Transfer with its Lake Charles LNG and Tellurian Inc with its Driftwood LNG – have begun talks with construction provider Bechtel Group over costs…