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Boskalis Wins Scottish Offshore Windfarm Installation Contract
Dutch dredging and offshore contractor Royal Boskalis Westminster NV has signed an exclusive Pre-Construction Agreement (PCA) for the Inch Cape offshore wind farm…
AET Grows in Brazil
With the ongoing development of deepwater pre-salt plays and a decreased demand on local content in tankers and other vessels, Brazilian national operator Petrobras…
Davie: CTMA Ferry Procurement dogged by Legal Proceedings
The Coopérative de transport maritime et aérien’s (CTMA) procurement effort to purchase a ferry to replace the CTMA Vacancier and the CTMA Voyageur has been thrown into question by a court proceeding which alleges that the former government’s support for the acquisition was tainted with serious procedural irregularities and must be suspended and, ultimately, declared invalid.Last May, the outgoing…
Homeland Signs for Sixth Damen Patrol Vessel
Nigerian-based Homeland Integrated Offshore Services has signed a contract with Damen Shipyards Group for another Damen 3307 Patrol Vessel. The vessel marks another collaboration between the companies, who have been in cooperation since Damen delivered Homeland’s first 3307 Patrol Vessel in 2014.The vessel named, Guardian 6, will join its sister vessels in the Gulf of Guinea providing security services to oil majors operating in the region.
Taiwan: The Next Battleground for Offshore Wind
Taiwan is becoming the next battleground for the world's top offshore wind developers as they seek a foothold in Asia for a technology that has been expanding fast in Europe.Taiwan announced results on Monday of its first major offshore wind farm auction that aims to add 3.8 gigawatts (GW) of capacity to its existing network of just 8 megawatts (MW).The island's offshore wind market is expected to expand to 5.5 GW by 2025…
DNV GL Alliance for Offshore Wind Energy Development in Vietnam
Singapore-based Enterprize Energy and partner Renewable Energy Global Solutions (REGS), together with PetroVietnam consortium comprising Petroleum Equipment Assembly…
Egina FPSO Leaves SHI's Geoje Shipyard
Samsung Heavy Industries (SHI) successfully completed Geoje-shipyard portion of the world's largest sized Egina FPSO. The gigantic floater left for Nigeria on 31th October 2017.
Shipbuilding: Mega Yards
The Woodmac report we saw offered us cause for pause — “Strong activity from the (major oil companies)” while “national oil companies have tightened their purse strings.” What Maritime Reporter found, was that national oil companies — nation-builders, for many — are putting their money in affiliate shipyards. The hope of two, new shipbuilding giants is jobs, innovation, national survival and export security.
Fortuna FLNG Offtake Awarded to Gunvor
The Ministry of Mines and Hydrocarbons (MMH), Ophir Equatorial Guinea (Block R) Ltd, OneLNG SA and La Compania Nacional De Petroleos De Guinea Ecuatorial (GEPetrol)…
Gunvor Awarded Fortuna FLNG Offtake
The Ministry of Mines and Hydrocarbons (MMH), Ophir Equatorial Guinea (Block R) Ltd, OneLNG SA and La Compania Nacional De Petroleos De Guinea Ecuatorial (GEPetrol)…
Fugro Continues IMR Work for Petrobras
Fugro said it has been awarded a further two-year contract by Petrobras to provide inspection, repair and maintenance (IRM) and pipeline inspection services in Brazil. Operations commenced in May 2017. The new award follows Fugro’s completion of an initial 12-month contract for the oil major, after taking delivery of the newbuild vessel Fugro Aquarius. Built specifically for the Brazilian market by Wilson Sons shipyard in São Paulo…
Updated Forecast: Floating Production System Orders
World Energy Reports has released its midterm five year forecast of production floater orders. The forecast, detailed in the March 2017 WER report, reflects positive and negative developments in underlying business drivers since WER’s five year forecast last October. Likelihood that the November U.S. election results will accelerate U.S. More rapid expected increase in cost of capital – U.S. Overall…
World Energy Trends: What’s New in Floating Production
Oil pricing continues to hover in the mid-$50s, market confidence is slowly returning and the production floater fabrication market is stirring. A major order for a production semi was placed in early January -- with Samsung receiving a contract to build the production semi for BP's Mad Dog Phase 2 project. The $1.27 billion unit will have capability to produce 110,000 b/d oil from 14 production wells.
Royal IHC Bags Uruguay Order for TSHD
Royal IHC has signed a contract for the design, construction and delivery of a 4,200m3 trailing suction hopper dredger (TSHD) with Administración Nacional de Puertos (ANP) in Montevideo, Uruguay.
Kongsberg Maritime Opens South African Facility
Kongsberg said it has opened its first office and warehouse facility in the Republic of South Africa on Friday, November 4, 2016. Located in Cape Town’s airport zone, the new Kongsberg Maritime South Africa facility joins the company’s global network of first party sites, consisting 64 offices located in 20 countries, employing more than 4,000 people. Kongberg's expansion in South Africa comes as the…
Petrobras to Seek Builders for Six Platforms
Petroleo Brasileiro SA, Brazil's state-run oil company, as of 2017 will begin seeking offers for the construction of six new offshore oil platforms envisioned in current investment plans…
Seqwater, Wood Group Join Forces
Seqwater has selected Wood Group as its partner in a new collaborative contract to maintain the South East Queensland (SEQ) Water Grid in Australia and water supply…
Damen PSV for Wilson Sons Ultratug Offshore
Wilson Sons Ultratug Offshore, a joint venture between Wilson Sons and the Chilean maritime services provider Ultramar, has taken delivery of a Damen PSV 5000. The…
Second of Nine New TNPA Tugs Sets Sail
The latest of Transnet National Ports Authority’s (TNPA) nine new tugboats has set sail from the Durban premises of contractor, Southern African Shipyards, on Thursday, July 7, destined for its new home at the Port of Port Elizabeth. The tug was ceremonially launched as Qunu in May alongside a third tug, Cormorant. Qunu was named after the Eastern Cape home village of former President, the late Nelson Mandela and is due to arrive in Port Elizabeth on Friday, July 8.
Floating Production's Future: The 6 Things You Need to Know Now
No question that the market for new floating production systems has taken a battering. The past 12 to 18 months have been a difficult period for everyone in the business sector. Absence of new contracts has forced fabricators and equipment suppliers to make huge cutbacks in personnel and spending. But deepwater production will rebound – oil demand keeps growing -- and though the signs are mixed we see indications of the rebound starting. First some numbers about the state of the business.