Statoil Inks Subsea pacts with Duo
Statoil Petroleum AS has signed Master Service Agreements with Aker Solutions ASA and OneSubsea Processing AS. The agreements signed form the basis for potential new EPC contracts (engineering, procurement and construction) for subsea equipment in the medium term future. An EPC option agreement for subsea production system (SPS) has also been signed with OneSubsea, including framework agreements for subsea operations services and subsea add-ons. Last year Statoil also signed a Master Service Agreement and an EPC contract including options for EPC project with FMC Kongsberg Subsea AS for Johan Sverdrup. “In light of the current challenges the industry is facing the suppliers have demonstrated commitment and drive to break the cost curve and enhance competitiveness. Statoil has cooperated closely with the suppliers on technology qualification, concept development and pre-engineering studies, and jointly we have delivered successful subsea projects,” says Torger Rød, vice president for projects in Statoil. The agreements signed form a good basis for future collaboration with three leading subsea suppliers, thereby simplifying collaboration in the time ahead. In today’s oil price environment, sustained focus on costs and efficiency will ultimately be the key to develop several currently marginal prospects and discoveries.
BIMCO Signs New Agreement with Coast Guard
BIMCO’s President Knud Pontoppidan and U.S. Coast Guard Rear Admiral Craig Bone signed a new partnership agreement at U.S. Coast Guard Headquarters in September 7. The agreement is aimed at enhancing the communication and working relationship between the Coast Guard and the shipping industry. The establishment of the partnership coincides with the development of BIMCO’s guide for seafarers on US Port State Control inspections
U.S. Coast Guard Commissions RINA
Genoa-based classification society RINA has been authorized by the U.S. Coast Guard to conduct plan review and approval and initial and subsequent surveys for U.S.-flagged cargo and passenger vessels. Under the agreement signed yesterday, RINA has received delegation for Load Line, SOLAS, MARPOL, ISM, and Tonnage survey and certification services. The MOA delegating authority and establishing guidelines for co-operation between the USCG and RINA was signed at Coast Guard Headquarters in
IMO and WCO Partner on e-Business Compendium
IMO and the World Customs Organization (WCO) have signed a partnership agreement to maintain, update, publish and distribute the IMO Compendium on Facilitation and Electronic Business. The compendium provides essential guidance and standardised forms for electronic exchange of information on cargo, passengers and crew, for ships, carriers, port authorities, customs, terminals, consignees and other parties in the supply chain.
China Cosco, DEME in Offshore Wind Deal
The Belgian dredging, environmental and marine engineering group DEME Group and Chinese COSCO Shipping have officially embarked on a joint journey to develop offshore wind energy in China, under an umbrella agreement signed on 31 October, following the two companies’ joint venture announcement in May. DEME and China COSCO Shipping are both market leaders in their sectors and have found one another in the COSCOCS - DEME joint venture active in offshore wind energy in
Technip Awards EPIC Offshore Malaysia Contract from Petronas
French oilfield services provider Technip SA said it has been awarded an engineering, procurement, installation and commissioning contract by PETRONAS Carigali Sdn Bhd or PCSB for D18 Project. The project covers the procurement and installation of two 8” water injection flexible pipes totalling 9.5 kilometers. The flexible pipes will connect three fixed jacket platforms which form the existing D18 infrastructure offshore Sarawak, Malaysia
Oil Majors Expand Far North Exploration Projects
Rosneft and ExxonMobil agree to collaborate in the search for offshore energy in the Russian Arctic & Far East, and Alaska. The two companies have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include an additional approximately 600,000 square kilometers (150 million acres) of exploration acreage in the Russian Arctic and potential participation by Rosneft (or its affiliate) in the Point Thomson project in Alaska
Eni CEO Meets Rosneft CEO
Rosneft CEO Igor Sechin and Eni CEO Paolo Scaroni have met to discuss the progress of joint projects between the two companies offshore Russia in the Black Sea and Barents Sea, sanctioned in the strategic cooperation agreement signed on 25 April 2012. The executives in charge of the two companies’ upstream, downstream and offshore projects and the CEO of Saipem were also present at the meeting. As part of the agreement, Eni and Rosneft will form joint ventures (Eni 33
Tanker Delivered to KOTC
KOTC received its fourth giant oil tanker of a capacity of around 2.1 million barrels, from South Korea's Daewoo Shipbuilding and Marine Engineering Co. Al-Rigga, the last of a total of four tankers ordered from the South Korean firm carries 320,000 tons, and comes amid KOTC's (Kuwait Oil Tankers Company) second phase of plans to renew its fleet according to an agreement signed with the South Koreans in August 2008. The signing ceremony of the tanker delivery was conducted in Kuwait by KOTC's
Seacat Services Secures Burbo Bank Charter Deal
DONG Energy has awarded offshore energy support vessel operator Seacat Services with the supply contract for all crew transfer services at its 258MW Burbo Bank Extension project under development in the Irish Sea. The four-vessel charter contract, with durations of three to 11 months, is the second such agreement signed between Seacat Services and DONG Energy in 2016, following the confirmation of a four-workboat construction support deal for the Race Bank Offshore Wind Farm in April
Fincantieri, Mapei Enter R&D Partnership
Shipbuilder Fincantieri said it has partnered with Mapei, a producer of adhesives and chemical products for the construction sector with a business line of shipbuilding industry products, in the field of research and innovation. According to Fincantieri, the strategic cooperation agreement will help it to optimize installation times, reduce the weight of certain materials, improve acoustic insulation by using specific products
Rolls-Royce Inks Service Deal with Siem Offshore, Subsea 7
Siem Offshore and Subsea 7 have signed a joint three-year service agreement with Rolls-Royce. The agreement covers a total of 74 offshore vessels. This is the first agreement the two Siem owned companies have signed with the same service provider. Under the agreement, Rolls-Royce will maintain and service all of the equipment it has delivered to the two companies’ offshore vessels. At present, aftermarket services account for roughly 40 percent of Rolls-Royce
Alfa Laval Signs BWT Pact with Two Shipowners
Alfa Laval signs major frame agreements for ballast water treatment retrofitsIn June, Alfa Laval signed frame agreements with two different shipowners for the supply of Alfa Laval PureBallast systems. The systems will be delivered during a three-year period and retrofitted on tankers and bulk carriers. The fleet orders were received from a tanker operator in the Middle East and a bulk carrier operator in Europe
Government Nod to India-Cyprus Pact on Merchant Shipping
The Indian Cabinet of Ministers gave ex-post facto approval to the agreement signed in April between India and Cyprus on merchant shipping. The memorandum of understanding (MoU) is aimed at enhancing cooperation between the two nations for sea trade development. "The Union Cabinet chaired by Prime Minister Narendra Modi has given its ex-post facto approval to the agreement between India and Cyprus on merchant shipping, which was signed in April 2017
UK, France, US Sign Trilateral Submarine Agreement
Naval leaders from the United Kingdom, France and the United States signed an agreement June 1, designed to increase coordination for anti-submarine warfare activities of the three countries as they operate in the 5th Fleet area of operations. Commander, U.S. Naval Forces Central Command (NAVCENT) Vice Adm. Kevin M. Donegan signed the trilateral agreement with Vice Adm. Louis-Michel Guillaume, commander, French Submarine and Strategic Oceanic Forces (ALFOST) and Rear Adm
CMIH, DNV GL Enter Shipbuilding Partnership
At Nor-Shipping this week, China Merchants Industry Holding (CMIH) and DNV GL have signed a strategic cooperation agreement with a focus on advancing shipbuilding in the gas carrier, offshore and special vessel segments. The agreement – signed by Gui Ming Zhu, Deputy General Manager of CMIH and Director of Yiu Lian Dockyards (Shekou) Limited, and Torgeir Sterri, Regional Manager Greater China at DNV GL - Maritime – will see the companies work together to optimize
ENGIE, AES to Expand LNG Partnership to Central America
ENGIE and The AES Corporation have agreed to enter into a joint venture to market and sell liquefied natural gas (LNG) to third parties in Central America. The joint venture will utilize the Costa Norte LNG terminal currently under construction in Colón, Panama, which is owned 50/50 by AES and Inversiones Bahía. The total capacity of the Costa Norte LNG terminal is approximately 1.5 million metric tons per annum (mtpa)
Private Equity Boost for Hyundai Samho
South Korea’s Hyundai Samho Heavy Industries (HSHI), a shipbuilding affiliate of Hyundai Heavy Industries (HHI), said it has attracted 300 billion ($264 million) won investment via pre-IPO. Under the agreement signed with Korean private equity firm IMM Private Equity, HSHI will issue 5.36 million new convertible preferred shares and IMM PE will pay 300 billion won ($264 million) in total to acquire the shares at 56,000 won per share.
DSDu Completes Refurbishment of Floating Dock
Damen Shiprepair Dunkerque (DSDu) has completed major refurbishment works to the yard’s floating dry dock. The dock, capable of taking vessels up to 180 meters in length and lifting 14,000 tonnes, is owned by the Port of Dunkerque (Grand Port Maritime de Dunkerque – GPMD) and is operated by DSDu. It is a major piece of ship repair infrastructure and an important part of the yard’s capability to repair and maintain a wide range of vessels.
Wärtsilä to Optimize Performance for Songa Offshore Drill Rigs
The technology group Wärtsilä has signed a five-year technical management and services agreement with Songa Offshore for four Cat-D type semi-submersible drilling rigs operating in the North Sea. Through the partnership with Wärtsilä, Songa Offshore ensures optimal performance and maximum availability of the Wärtsilä engines and thrusters on board the drilling rigs, which operate in extremely harsh conditions
Alabama Port Signs Agreement with Cuba
The Alabama State Port Authority has announced a new memorandum of understanding with the National Port Administration of Cuba, potentially laying the groundwork for future trade deals. The five-year, cooperative agreement was signed at the Tampa Marriott Waterside Hotel in Tampa, Florida. Memorandum of Understanding (MOU) between the Port of Mobile and the Cuban ports marks the first ports agreement signed on U.S. soil since 1959.
Wärtsilä CSSC JV Opens Factory in China
CSSC Wärtsilä Engine Co Ltd (CWEC), the joint venture company formed between Wärtsilä and China State Shipbuilding Corporation (CSSC), has formally opened its new production facilities located at Lingang, Shanghai. The opening ceremony took place on 9 January, and was attended by top executives from both Wärtsilä and CSSC. The new 20,000 m2 production plant is the first in China capable of locally producing large-bore
Iran, Kazakhstan Deal for Shipping JV
The chief executive officers of Islamic Republic of Iran Shipping Line (IRISL) and Kazakhstan’s KTZ Express – a subsidiary of the country’s national railways company- signed an agreement for establishing a joint company. The deal could lead to the creation of a new transport corridor connecting Iran’s southern ports to the upper parts of Central Asia - and even possibly Russia and China.
Port of Antwerp to Boost Trade with South Korea
During the City Trade Mission to Seoul, Antwerp Port Authority signed a Memorandum of Understanding with KITA, the Korea International Trade Association. With 77,000 member companies KITA represents Korea's international trading community. The proposed collaboration between Antwerp Port Authority and KITA represents a significant boost for the port, emphasised Jacques Vandermeiren, CEO-designate of the Port Authority, just before the signing of the MoU.
India Signs MoUs With Foreign Countries for Building Ships and Ports
The following memorandum of understanding (MOU) and Agreements have been signed by India with foreign countries during the last two years for the development of ports and manufacture of ships in the country:- (i) Memorandum of Understanding between the Government of the Republic of India and the Islamic Republic of Iran over partnership of India in development plan of Chabahar Port, signed on 06 May, 2015.