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Navion News

10 Jan 2022

VIDEO: Bluewater's UK-based FPSO Arrives in Norway for Upgrades

Credit: Arjen/AdobeStock

Bluewater's Haewene Brim FPSO, normally used for oil production from Shell's Pierce Field in the UK North Sea, has recently arrived in Haugesund, Norway.Norwegian engineering and construction Aibel shared a video of the FPSO arrival in Haugesund, towed by a Maersk Supply Service vessel. In Norway, the Haewene Brim FPSO, built in 1996,  will undergo upgrades and life extension work.While at Aibel's yard, the FPSO will also be upgraded to allow for gas export, the Norwegian firm said.According to World Energy Reports' FPSO database…

31 Jan 2020

Norwegian Police Raid Teekay Office Over Waste Export

Norway's national economic crime unit raided the local office of international shipping company Teekay Offshore this week on suspicion of illegally exporting waste, the agency, known as Okokrim, said on Thursday.In recent years, courts in Europe using tougher regulations have fined shipping companies for transporting hazardous waste for disposal in cases that have added to complexities for seaborne transporters often operating in several jurisdictions.Maria Bache Dahl, acting senior public prosecutor with Okokrim, said authorities had carried out a search of Teekay Shipping Norway's office in the southern city of Stavanger on Tuesday…

03 Nov 2017

Teekay’s New Shuttle Tanker Delivered

Beothuk Spirit is the first of three new Canadian flagged shuttle tankers built by Samsung Heavy Industries for Teekay Offshore (Photo: Teekay Offshore)

Teekay Offshore said it has taken delivery of Beothuk Spirit, the first of three new shuttle tankers to serve East Coast Canada, built in Korea by Samsung Heavy Industries. Heritage Class sister vessels Norse Spirit and Dorset Spirit are scheduled for delivery in the first half of November 2017 and early-2018 respectively. The three Suezmax, DP2 shuttle tankers will provide crude transportation services to the Hibernia, Terra Nova, White Rose and Hebron offshore oil fields located in St. John’s, Newfoundland & Labrador.

10 Jun 2015

Teekay LNG Announces Board Changes

Teekay LNG Partners L.P. announced changes to Teekay LNG’s board of directors. Jane Hinkley has been appointed to the chairmanship position succeeding C. Sean Day, who will remain a director of Teekay LNG and chairman of the partnership’s sponsor, Teekay Corporation. Hinkley has been a director of Teekay LNG for over 10 years and has management and board experience in the shipping and oil and gas industry, including serving as the managing director of Navion Shipping AS, and chief financial officer and managing director of Gotaas-Larsen Shipping Corporation, and currently serves on the board of directors of Premier Oil plc and Vesuvius plc.

01 Jun 2015

Teekay Orders 3 Tankers for Canada Contracts

Teekay Offshore Partners L.P. informs it has entered long-term contracts to provide shuttle tanker services for a group of companies producing oil on Canada’s East Coast, including Chevron Canada, Husky Energy, Mosbacher Operating Ltd., Murphy Oil, Nalcor Energy, Statoil and Suncor Energy. The 15-year contracts, plus extension options, will initially be serviced by one of Teekay Offshore’s existing shuttle tankers, the Navion Hispania, and two to three third party-owned shuttle tankers currently operating in East Coast Canada, which will be chartered-in to Teekay Offshore’s Canadian affiliate located in St. John’s, Newfoundland, prior to the delivery of up to four shuttle tanker newbuildings.

12 Jan 2015

Ezra to Supply Turret Mooring System for Libra Field

Ezra Holdings Limited’s wholly owned subsidiary, London Marine Consultants (LMC), Ezra’s Floating Production, Storage and Offloading (FPSO) Turret Design outfit, has been awarded a contract by Sembcorp Marine’s subsidiary Jurong Shipyard of Singapore, to supply an external turret mooring system for the Libra field’s Extended Well Test (EWT) FPSO vessel. The Libra oil field is a large, ultra-deepwater (up to 2,500 meters) oil prospect located in the Santos Basin, about 230 kilometers off the coast of Rio de Janeiro, Brazil, north of Tupi field. The oil field estimated to contain recoverable resources ranging between eight billion to 12 billion barrels of oil and is one of the largest deepwater oil accumulations globally.

28 Oct 2014

Deltamarin Designs the Libra FPSO

Deltamarin Ltd. has entered into a contract with Jurong Shipyard Pte Ltd for the basic engineering of the Libra FPSO (floating production, storage and offloading unit). Deltamarin’s scope of work covers the marine part of the Navion Norvegia shuttle tanker conversion into the Libra FPSO. The conversion shall be performed at the Singaporean Jurong Shipyard, whose customer is OOGTK Libra GmbH & Co KG, a 50/50 joint venture between Odebrecht Oil & Gas and Teekay Offshore. The joint venture company works as the lead commercial bidder for the Brazilian energy company Petrobras on the Libra project. The vessel is expected to be owned and operated…

26 Sep 2014

What's New in Floating Production?

Today there are 324 oil/gas floating production units are now in service, on order or available for reuse on another field. FPSOs account for 64% of the existing systems, 79% of systems on order. Production semis, barges, spars and TLPs comprise the balance. The oil/gas production floater inventory has increased by four units since last month. Three FPSOs were ordered in August. We also reinstated a partially completed production semi,  Octobuoy, which we earlier deleted from the list of orders when the contract was terminated. This unit was being built for use by ATP in the North Sea.

13 Mar 2014

Robert Allan Ltd. Contracted for Teekay FSO Conversion

Robert Allan Ltd. announced that it was selected by Teekay Shipping (Canada) Ltd. to provide the contract engineering package for the conversion of the M/V Navion Clipper from a shuttle tanker into a Floating Storage and Offloading (FSO) unit. Teekay Offshore Partners LLP, a subsidiary of Teekay Corporation, was awarded a contract in 2013 to supply a FSO unit to the Bualuang Field in the Gulf of Thailand. The contract is for a 10-year charter, with extension options. The oilfield is operated by Salamander Energy and has been in production at this site since 2008. The scope of work from Robert Allan Ltd. includes the design of the crude oil export and import systems (turret design and supply by London Marine Consultants)…

13 Mar 2014

Shuttle Tanker Conversion to FSO Contract for Robert Allan

An Offshore FPSO: File photo courtesy of Sevan

Robert Allan Ltd. says it has been selected by Teekay Shipping (Canada) Ltd. to provide the contract engineering package for the conversion of the M/V Navion Clipper from a shuttle tanker into a Floating Storage and Offloading (FSO) unit. The scope of work from Robert Allan Ltd. includes the design of the crude oil export and import systems (turret design and supply by London Marine Consultants), a new helideck capable of landing a Sikorsky S61N helicopter, accommodation and systems modifications to suit an increased crew complement…

16 Aug 2013

Teekay Self-Propelled DP System En Route to Las Palmas

HiLoad DP aboard Navion Anglia: Photo courtesy of Teekay

'Navion Anglia' (pictured) has commenced the sea passage to Las Palmas with the HiLoad Dynamic Positioning No. 1 safely docked at her port side. Late 2012, Teekay Offshore announced an agreement to acquire this self-propelled dynamic positioning (DP) system that attaches to and keeps conventional tankers in position when loading from offshore installations. Now Teekay say that the HiLoad DP is safely docked to the 'Navion Anglia' and bound for operation at Las Palmas, in the Canary Islands.

14 Jan 2011

Teekay Announces Senior Management Appointments

Teekay Corporation (Teekay or the Company) (NYSE:TK) announced that its current President of its Shuttle Tanker and FSO business unit, Kenneth Hvid, has been appointed to the position of Executive Vice President and Chief Strategy Officer effective April 1, 2011. In his new role, Mr. Hvid will be located in Vancouver, Canada and will be succeeding Peter Evensen, who will take over as Teekay's President and Chief Executive Officer in April 2011 as a result of the previously announced retirement of Bjorn Moller.Mr. Hvid joined Teekay in 2000 from A.P. Moller, and was responsible for leading the Company's global procurement activities until he was promoted in 2004 to Senior Vice President, Teekay Gas Services. During this time, Mr.

05 Nov 2010

Teekay Offshore Partners Q3 Results

Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO), reported the Partnership's results for the quarter ended September 30, 2010. During the third quarter of 2010, the Partnership generated distributable cash flow of $20.8 million, compared to $28.1 million in the quarter ended June 30, 2010, primarily as a result of seasonal factors associated with the scheduled maintenance of North Sea oil fields during the summer months. On October 25, 2010, the Partnership declared a cash distribution of $0.475 per unit for the quarter ended September 30, 2010. The cash distribution will be paid on November 12, 2010, to all unit holders of record on November 5, 2010.

28 Feb 2008

Teekay Offshore Partners Reports 4Q and Annual Results

Teekay Offshore Partners reported its fourth quarter and annual results for 2007. Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) today reported net income of $7.0 million for the quarter ended December 31, 2007, compared to net income of $2.1 million for the quarter ended September 30, 2007. Net income before non-controlling interest included non-cash gains totaling $14.0 million relating primarily to foreign currency translation gains and deferred income tax recoveries in the fourth quarter of 2007, and non-cash losses totaling $10.6 million relating primarily to foreign currency translation losses and deferred income tax expenses in the previous quarter.

18 Oct 2001

Northrop Grumman Installs Integrated Bridge System on New Tanker

Sperry Marine Systems, a unit of Northrop Grumman Corporation, has just completed fitting an integrated bridge system on a new shuttle tanker in Spain for Norwegian shipowner Navion ASA. The 96,900-dwt Navion Odin, hull number 84, was built at the IZAR Construcciones Navales SA shipyard in Puerto Real. includes six separate operator consoles, four of them with flat-screen LCD displays. movement and status for the watch officer. connected to the interswitch via fibre optic cables due to the distance from the bridge. installation, commissioning, spares, technical support and crew training. Sperry Marine (formerly Litton Marine Systems), with worldwide headquarters in Charlottesville, Va., is part of Northrop Grumman's Electronic Systems sector.

06 Apr 2004

Norway: Teekay Seeks to Grow Suezmax Fleet

Expanding the Suezmax fleet and greater involvement in carrying oil products are among the ambitions being pursued by theTeekay Tanker Services (TTS) business unit of Teekay. "At the same time, we're working to expand our strong Aframax position," said TTS Vice President Peder Farmen, who heads the product transport sector of TTS from the group's Norwegian office in Stavanger. Teekay's conventional shipping operations in Norway have further diversified the company's fleet, the majority of which is comprised of Aframax vessels. Since Teekay's acquisitions of Bona Shipholding in 1999, Ugland Nordic Shipping in 2001 and Navion in 2002, Teekay has established itself as a leading tanker operator in the North Sea and Atlantic, in addition to the Pacific.

23 Apr 2004

Steel, Ship Prices Soar

Soaring steel prices are now a major concern for leading shipbuilders. Uncertainty about spiraling material costs is even causing some yards to defer new orders, market reports indicate. “The lack of steel in some shipyards of the three major shipbuilding nations is causing newbuildings for 2007 and 2008 to be delayed,” says New York tanker broker Poten & Partners in a recent market report. “Some shipyards are not accepting any more ship orders beyond late 2007 or 2008 delivery because of the lack of berth availability…

12 May 2004

News: Steel, Ship Prices Soar as Tankers Stay Firm

Soaring steel prices are now a major concern for leading shipbuilders. Uncertainty about spiraling material costs is even causing some yards to defer new orders, market reports indicate. "The lack of steel in some shipyards of the three major shipbuilding nations is causing newbuildings for 2007 and 2008 to be delayed," says New York tanker broker Poten & Partners in a recent market report. "Some shipyards are not accepting any more ship orders beyond late 2007 or 2008 delivery because of the lack of berth availability, insecurity stemming from the dollar's weakness, as well as uncertain steel cost," the broker says. China may as well build ships, says Poten, as "they're taking all the steel".

18 Jan 2002

Operations Halt on West Navion

In connection with minor repair work the derrick of the drillship, West Navion, it has been uncovered cracks in the wire sheaves in the hoisting system of the dual derrick set (Ram Rig). As a result of the findings, operations on West Navion are temporarily halted. It is expected that the halt will last for another 2-3 weeks before operations are resumed. Maritime Hydraulics, the supplier of the dual derrick set, has issued a request to "All users of Maritime Hydraulics' Ram Rigs" to inspect all drilling units equipped with the dual Ram Rig. Consequently, Smedvig will initiate inspection of the drilling rig West Venture, which is also equipped with the Ram Rig derrick set. West Navion is Contracted to Marathon Oil Company Offshore Canada.

04 Feb 2002

Smedvig Has Further Delays for West Navion

Operations on West Navion, which is currently operating for Marathon Oil offshore Canada, continues to be suspended, due to repair work on the main sheaves in the RamRig derrick. Although the work is near completion, defects were discovered in certain welds in the marine riser during inspection prior to re-commencement of operations. Defects have been discovered both in the risers that have been utilized in operation as well as in new, unutilized risers. The initial estimate of the time necessary to complete the required repair work prior to re-commencement of operations is approximately six weeks. The total off-hire period as a result of the RamRig and marine riser repair work is estimated to approximately eight weeks, prior to the loss of hire insurance taking effect.

26 Mar 2002

Lack of Shuttle Tankers: Problem for GOM?

Shuttle tankers meeting rigorous federal safety and environmental standards will be ready to begin transporting crude oil to U.S. ports whenever the first Floating Production, Storage and Offloading (FPSO) vessel is deployed in the Gulf of Mexico, Houston-based American Shuttle Tankers L.L.C. (AST) said today. "In the weeks since the Minerals Management Service (MMS) approved the use of FPSOs in the Gulf of Mexico, companies evaluating development options for deepwater oil discoveries in the U.S. solutions", said Oyvind Jordanger, president of AST. American Shuttle Tankers, which was formed last year by the top crude oil lightering company in the Gulf of Mexico and the leading shuttle tanker service provider in the North Sea…

22 Apr 2002

Smedvig Announces 1Q Results

Smedvig reported consolidated operating profit of NOK 161 million for the first quarter as compared to NOK 226 million in the previous quarter. The decrease is primarily attributable to lower utilization of the mobile units. Net financial expenses for the first quarter was NOK 9 million as compared to NOK 68 million in the previous quarter. Net income for the first quarter was NOK 129 million as compared to NOK 144 million in the previous quarter. Earnings per share were NOK 1.57 for the first quarter. Cash flow for the quarter amounted to NOK 225 million. Cash flow per share after minority interests was NOK 2.73. Operating profit from the Mobile Units Division amounted to NOK 23 million as compared to NOK 111 million in the previous quarter.

08 May 2002

Vessel Hits Offshore Platform

Dynegy Storage confirmed that an incident occurred at its Rough offshore facility at 9:30am today. The platform is located 24 miles from the mouth of the RiverHumber and 27 miles from Bridlington off the East Coast of the U.K. A factory fishing vessel, the Marbella, owned and operated by J. Marr Ltd of Hull, hit the South West leg of the BD accommodation platform. There were no reported injuries. All 128 personnel on the facility were accounted for and moved safely onto the linked production platform. Dynegy Storage organized the safe evacuation of 109 of the 128 personnel. They were winched off the platform and lowered onto a standby vessel, the Navion Europa. 48 were taken by helicopter to Humberside Airport.