Brazil Onshore Assets for Sale produce 2% of Output
Brazil's state-run oil company Petroleo Brasileiro SA said on Friday it plans to sell its rights to 104 onshore oil and gas concessions, part of efforts to raise cash and focus increasingly scarce capital on more profitable offshore assets. The company, known as Petrobras, said in a securities filing that 98 of the areas are producing fields. Oil output from those areas is about 35,000 barrels a day…
Mississippi River Reopened After Fuel Spill
The Mississippi River is reopened near Granite City, Illinois, after clean-up operations at Lock and Dam 27 were completed, Friday. An auxiliary lock was opened at the Lock and Dam 27 site for commerce to continue. The towing vessel Gregory David was transiting the lock and dam, and was damaged, rupturing a tank with approximately 20,000 gallons of fuel aboard. The spill was reportedly contained within the lock. The cause of the incident is under investigation.
'Singing' Propellers Phenomenon Controlled
A joint research project carried out by Wärtsilä and City University London has succeeded in identifying the specific design parameters that create the risk of 'singing' propellers. Though rare, 'singing' is nevertheless an annoying problem that occurs as a strong tonal noise originating from the propeller, thus causing a negative effect to onboard comfort levels. The research programme reached its conclusions in December 2015. The problem has long been recognised in the marine industry.
School Students Win Offshore Challenge Prize at UH
Today, a team of eight students from West Side High School in Houston emerged victorious from the first annual High School Offshore and Technology Stars Challenge, which was co-hosted by the Bureau of Safety and Environmental Enforcement (BSEE) and the Ocean Energy Safety Institute (OESI) at the University of Houston. Other participating schools include Energy Institute High School, Charles H. Milby High School and Young Women’s Preparatory Academy.
Farstad Sells AHTS
Farstad Shipping ASA has, through its wholly owned subsidiary Farstad Supply AS, sold the AHTS Far Sea (1991, ME 303 II, 13,219 BHP). Delivery of the vessel to the new owner took place Thursday 3 March 2016. The sale of the vessel gave a book loss of NOK 32 million, whereof NOK 30 million is booked as impairment in the 4Q 2015 accounts. After the sale of Far Sea Farstad Shipping’s fleet currently consists of 57 vessels (29 AHTS, 22 PSV and 6 SUBSEA) and 1 SUBSEA vessel under construction.
Boskalis Consortium Preferred Bidder for Fehmarnbelt Project
Femern A/S, a subsidiary of the Danish state-owned Sund & Bælt Holding A/S, has today announced its intention to award a substantial contract related to the construction of a tunnel connecting Denmark and Germany to the Fehmarn Belt Contractors consortium including Royal Boskalis Westminster N.V. (Boskalis). Besides Boskalis, the consortium includes Hochtief AG, Ed Züblin AG and Van Oord. The total…
Australia: The World’s Next LNG Leader
With a spate of big new projects coming on stream in the next few years, Australia is soon expected to become the world’s largest exporter of liquefied natural gas (LNG). Australian Petroleum Production & Exploration Association (APPEA) says that Australia is on track to overtake Qatar to become the world's largest exporter of liquefied natural gas in 2018. According to a new report from Accenture…
New Marina for Luxury Yachts at DP World's Rashid Port
DP World has announced plans to build a new marina for luxury yachts at Port Rashid in Dubai. The project comes in response to an increased demand for luxury yachts. Tenders for construction will be invited soon. The first phase of the project is scheduled to open by 2018, with a capacity of more than 400 boats and sailing yachts with lengths in the range of 15 to 35 metres. The second phase will be for luxury yachts berth with length of more than 100 metres.
Plunging Scrap Steel Prices Hit Ship Recycling Revenues
The Chinese ship recyclers are feeling the heat as falling scrap steel prices have eaten into their revenues during the past one year, says a report in China Daily. The increasing costs of adopting "greener" vessel-breaking method also adds to the woes, says China National Ship-recycling Association. The latest figures show ship-recycling revenue dropped 15 percent to 3.4 billion yuan ($519 million) in China last year.
US Coast Guard's Top Priority: Offshore Patrol Cutter
The U.S. Coast Guard’s “number one priority is the offshore patrol cutter,” the service’s commandant told the House Appropriations Homeland Security Subcommittee Thursday, reports U.S. Naval Institute. The service will be looking again at its force-mix analysis, taking into account the money appropriated for a ninth national security cutter for this fiscal year, Adm. Paul Zukunft said. He said he had…
Legislation Passed to Protect Great Lakes
The U.S. Senate has unanimously passed bipartisan legislation to reauthorize the Pipeline and Hazardous Materials Safety Administration (PHMSA) through 2019, in addition to improving safety and oversight. The bill increases standards for pipeline workers operating near or in the Great Lakes. It also mandates that pipeline companies prepare their equipment for harsh winter weather and create an emergency plan for spills in icy conditions.
Bumi Armada Seeks Compensation for FPSO Termination
Malaysia’s Bumi Armada Bhd intends to fully enforce its rights, including initiating legal proceedings against Woodside Energy Julimar Pty Ltd for purportedly terminating its charter contract of the Armada Claire Floating Production Storage and Offloading (FPSO) unit. Bumi Armada Berhad has earlier announced that its wholly-owned subsidiary, Armada Balnaves, has received notice from Woodside Energy Julimar terminating the contract for FPSO Armada Claire…