Oil Well News

At a high-level, there are three solutions to transferring technicians from shore bases to offshore wind farms for construction and O&M activities: crew transfer vessel (CTV), helicopter, and SOVs/CSOVs.SOVs and CSOVs generally house 60-120 technicians offshore for a few weeks at a time, allowing them to transfer to structures on integrated heave compensated gangways, by daughter craft or on CTVs. The vessels are also equipped with cranes, storage, and small workshop areas.SOV: Service operations vessels…

Mitsui O.S.K. Line (MOL) has taken delivery of the newly built dual-fuel LGP and ammonia very large gas carrier (VLGC) Aquamarine Progress II, which will sail under charter with a Japanese LPG importer and distributor.Ordered by MOL’s company Aramo Shipping (Singapore), the Aquamarine Progress II has been delivered by Namura Shipbuilding.The Aquamarine Progress II will sail under a time charter contract with GYXIS Corporation, a Japanese LPG importer and distributor.The vessel is 230 meters long, with the breadth of 36.6 meters.

A company’s lack of requirements for crew to regularly check below-deck compartments led to undetected flooding and the eventual capsizing of a dredging vessel last year on the Mississippi River, the National Transportation Safety Board (NTSB) said Thursday.Wood Resources' owned and operated non-propelled dredging vessel WB Wood capsized on the early morning of Jan. 16, 2023, during dredging operations. Before the capsizing, the dredge had been in the same location for nine days, pumping sand from the riverbed to a pit on the west bank.

The end may be in sight, but the race for bigger cranes is still having an impact on offshore wind project efficiency.The industry has already felt the need for upgrading crane lifting capacity on existing offshore wind installation vessels: NOV is upgrading the cranes on Cadeler’s existing O-class wind turbine installation vessels (WTIVs), and a gantry crane extension will soon make Van Oord’s Svanen one of the largest floating heavy-lift installation vessels.It’s a newbuild phenomenon too. NOV has developed a telescoping leg encircling crane for Shimizu’s GustoMSC-designed WTIV Blue Wind.

Russia's state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide marine insurance cover to tankers, two sources said, as Moscow seeks to facilitate trade with India amid Western sanctions.A raft of sanctions by the U.S. and allies against Moscow over its Ukraine invasion, along with tighter scrutiny of Russian oil trade, has almost cut Russia off from the global network of service providers such as insurers and brokers.Russian companies Sogaz Insurance…

UK-based Exail has secured a contract with French maritime services provider Bourbon to supply several units of its Octans Attitude and Heading Reference Systems (AHRS) for integration into Bourbon Subsea Services’s fleet.These units will be installed on multiple Bourbon Evolution 800 Series multi-purpose support vessels (MPSVs) dedicated to subsea operations at depths down to 3,000 meters.IMO-HSC certified, the Octans AHRS will enhance Bourbon vessels’ efficiency in installation…

Hess Corp on Wednesday said its board has set April 12 as the record date for the determination of the stockholders entitled to vote on the proposed merger with Chevron Corp.Shareholders will vote on the proposed deal in a meeting whose date is yet to be set, the company said in a U.S. securities filing. Neither Chevron nor Hess can predict the actual date on which the transaction will be completed, it said in the filing.Exxon Mobil and CNOOC Ltd filed cases before the International Chamber of Commerce last month…

Demand for liquefied natural gas (LNG) to power ships will rise this year on attractive prices, while more dual-fuel vessels join the global fleet. Prices of LNG delivered as marine fuel at the world's largest bunker hub Singapore are at steep discounts of nearly $100 per metric ton compared with conventional 0.5% very low sulphur fuel oil (VLSFO), industry sources report.That is a far cry from record premiums of more than $1,000 a ton seen in September 2023, based on data from S&P Global Platts published on industry coalition SEA-LNG's website…

President Joe Biden's administration unveiled plans on Wednesday to hold up to a dozen auctions of offshore wind development rights through 2028, including four before the end of this year.The schedule will help companies, states and others plan for projects that require massive amounts of investment and infrastructure, the Interior Department said in a statement."Our offshore wind leasing schedule will provide predictability to help developers and communities plan ahead and will…

Simulation-based training has its whole-of-ship/whole-of-team scenarios, but zooming in, the industry is now working on more specific targets.We have a close relationship with technology, evidenced by, for example, the phones we are estimated to unlock around 50-80 times a day. It has changed us. Half the people surveyed in a 2022 King’s College London study said that they feel like their attention span is shorter than it used to be. They are wrong, though, if they think that the average attention span of adults today is just eight seconds, one second less than goldfish.

The first tanker carrying crude from the expanded Trans Mountain pipeline is expected to load at the Port of Vancouver in the second half of May, the company building the project said on Tuesday.The expanded pipeline, which will carry an extra 600,000 barrels per day of oil from Alberta to Canada's Pacific coast, will begin transporting crude on May 1 with final line fill completed in early May, Trans Mountain Corp said in an email.(Reuters - Reporting by Nia Williams in British Columbia; editing by Jonathan Oatis)

Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened significantly.While the demand picture is looking solid and arguing for a strong multi-year upcycle, the supply side has also started to wake from its slumber albeit ever so slightly at the time of writing. Moreover, we register an interesting dynamic on the shipowner side, where everyone is trying to position themselves for the impeding market boom.Please note that vessel definitions and abbreviations in this part of our industry can vary…

Anacortes, Wash. shipbuilder Dakota Creek Industries (DCI) has delivered a new state-of-the-art oil spill response barge to Alyeska Pipeline Service Company for operation in the coastal waters of Alaska.The barge, named Allison Creek, is specifically designed by Elliot Bay Design Group (EBDG) to meet the rigorous requirements in Prince William Sound. Allison Creek has a capacity of 13,600 barrels, an overall length of 200', beam of 42', depth of 16' and is outfitted with a deck crane and on-deck houses to store emergency response equipment.The barge is certified by the U.S.

As the U.S. offshore wind industry endures a predictable number of stops and starts during its adolescence, common mantras are ‘learn from the established European model’ and ‘embrace technology transfer from the offshore oil and gas sector.’ In Robert Langford, the American Bureau of Shipping has all of that and more bundled in one neat package.Rob Langford has worked in the offshore industry for more than three decades, ‘cutting his teeth’ in a UK design firm working in the North Sea oil and gas platforms, the holy grail of rigorous conditions in offshore energy production.

Greek shipping company Carras (Hellas) has received the ABS Biofuel-1 notation for its Aquataurus ultramax bulk carrier, the first vessel in the world to qualify.The notation is assigned to vessels that use a biofuel blend of up to and including 30% biofuel in compliance with IMO and ABS requirements.Biofuels are liquid hydrocarbon fuels with similar composition and properties to fuel oil, but they are produced from renewable sources such as crops, agricultural and forestry waste…

As U.S. shale oil boomed last decade, an oil pipeline company pitched an ambitious multi-billion-dollar export port off the Texas coast to ship domestic crude to buyers in Europe and Asia.In April, Enterprise Products Partners' SPOT became the first project to receive a license from the U.S. maritime regulator for a deepwater port that could load two supertankers, each of which can carry up to 2 million barrels of oil at a time.But multi-year regulatory delays, a loss of commercial backers and slowing U.S.

“Wind Turbines: The Bigger, the Better” -USDOE Office of Energy Efficiency & Renewable Energy, August 24, 2023Last December the Bureau of Ocean Energy Management (BOEM) published a proposed sale notice regarding new development areas for utility scale wind projects in the central Atlantic Ocean. The notice includes an upfront issue: the need to mitigate conflicts with U.S. Department of Defense (DOD) activities. BOEM explains that in certain areas the Air Force has set an airspace floor of 1,000 feet above sea level and the Air Force asked BOEM to keep structures below that height.

Russia remained China's top oil supplier in March, data showed on Saturday, as refiners snapped up stranded Sokol shipments.China's imports from Russia, including supplies via pipelines and sea-borne shipments, jumped 12.5% on the year to 10.81 million metric tons, or 2.55 million barrels per day (bpd) last month, according to data from the General Administration of Customs.That was quite close to the previous monthly record of 2.56 million bpd in June 2023.Seven Russian tankers under sanctions offloaded Sokol cargoes in Chinese ports in March…

The National Ocean Industries Association (NOIA) has appointed and approved the 2024-2025 term of the NOIA Board of Directors and Executive Committee. Jon Landes, President, Subsea of TechnipFMC has been elected as the NOIA Chair and Joe Leimkuhler, Chief Operating Officer of Beacon Offshore Energy, as the incoming NOIA Vice Chair.NOIA President Erik Milito said, “We are at a critical juncture where it's imperative to ensure that energy policy from Washington, D.C. does not hinder American energy production.

French energy giant TotalEnergies and Oman National Oil Company (OQ) have reached the final investment decision (FID) on the Marsa LNG project, which will feature an LNG plant completely powered by renewable energy that will produce LNG for use as a marine fuel for maritime transportation.Through their joint company Marsa Liquefied Natural Gas (Marsa), TotalEnergies (80%) and OQ (20%) have launched the integrated Marsa LNG project which combines upstream gas production, downstream gas liquefaction…

Esgian reports on the many rig movements that occurred last week in its Week 16 Rig Analytics Market Roundup.Report SummaryContractsADES Holding Company has received a letter of award from an international oil company for a one-year firm drilling contract for a jackup offshore Qatar.TotalEnergies has exercised a three-well option for Transocean 12,000-ft drillship Deepwater Skyros offshore Angola at a rate of $400,000, keeping the rig working into December 2025.After initially beginning a short-term job in the US GOM in January 2024…

The U.S. Coast Guard said it is seeking to fill 18 vacancies on the National Towing Safety Advisory Committee, which advises the Secretary of Homeland Security, via the Commandant of the U.S. Coast Guard on matters relating to shallow-draft inland navigation, coastal waterway navigation, and towing safety.The Coast Guard said it will consider applications for the following 18 vacancies:Seven members to represent the barge and towing industry, reflecting a regional geographic balance.One…

Hong Kong-based shipping company Wah Kwong is finalizing a deal later this month to double the number of liquefied natural gas (LNG) carriers that it has ordered to four, as it eyes growing global trade in the superchilled fuel, its chairman said.The ships would be delivered from 2027 onwards, Wah Kwong's Executive Chairman Hing Chao told Reuters on the sidelines of the Singapore Maritime Week ShipZERO28 event late last week."We have always been very optimistic about the outlook of LNG as a global energy," said Chao, adding that a lot of supply will have to come from the U.S.