Marine Link
Friday, October 20, 2017

Offshore Energy

Western GofM Oil/Gas Lease Bidding: NOIA Comments

National Ocean Industries Association President Randall Luthi encouraged by sales, urges further offshore developments. Tthe NOIA president's statement is as follows: "This sale is on-par with expectations and shows that the offshore oil and natural gas industry is still committed to domestic exploration and production. The Federal government benefits from this sale through non-income tax revenue and the promise of future income through rents and potential royalties upon production.  With enormous economic challenges facing the U.S., and the impending "fiscal-cliff" dominating the national conversation, it is gratifying to see the offshore industry stepping up to the plate and providing hundreds of millions of dollars to the U.S. treasury. American energy consumers also stand to benefit from this sale through the increased energy security and reliability that successful development of leased tracts will bring. Any sale is good news for the offshore oil and natural gas industry, Federal government, and energy consumers, but today’s sale should also serve as a reminder that Federal policy has placed nearly all of our offshore energy "eggs" in one basket. The Gulf of Mexico is America's offshore energy hub – the source of about 30% of our domestic oil and around 11% of our domestic natural gas

Tidewater Elects Day, Announces Sr. Hire

New Orleans-based Tidewater Inc. elected James C. Day to its Board of Directors and reported it has hired Bruce Lundstrom as senior vice president, general counsel and secretary. Day joins Tidewater’s Board with more than 30 years of experience in the oil and gas industry. He is the retired chairman and former CEO of Noble Corp., one of the world’s largest offshore drilling companies. Day serves on the Board of Directors of ONEOK Inc

Offshore Energy Industry Evacuates Before Ike

Photo credit:  NOAA

The offshore energy industry continues to evacuate workers from the in advance of Hurricane Ike. According to the Minerals Management Service, 78 percent of oil production was shut in because of the approaching storm. Some 23 percent of the platforms in the Gulf and 36 percent of the rigs in the Gulf have been evacuated. Platforms are the offshore structures from which oil and natural gas are produced. Source:  The Times-Picayune

104,800 Attendees at OTC 2013

otc logo.jpg

Experts from the offshore energy industry around the world came together May 6-9 for the 2013 Offshore Technology Conference at Reliant Park in Houston. Attendance at the conference reached a 30-year high of 104,800, the second highest in show history and up 17% from last year. Attendance surpassed the 2012 total of 89,400 and the sold-out exhibition was the largest in show history at 652,185 ft², up from 641,350 ft² in 2012

NOIA President Supports Energy Exploration, Development

During the testimony today at a Senate Energy and Natural Resources Committee hearing on offshore energy revenue sharing, National Ocean Industries Association (NOIA) president Randall Luthi urged Congress to take the next step in enhancing America’s energy security, energy reliability and American jobs by increasing access to the Outer Continental Shelf (OCS) for energy exploration and development. “Only by providing additional oil and natural gas lease sales in more of the

Offshore Energy Course Earns RTN Recognition

Photo courtesy of OMA

Leading the way for client representative training in offshore renewables industry . An operational offshore energy course, providing training in the running and delivery of offshore renewables projects, has received industry recognition from the Renewables Training Network (RTN). The Client Representative Course, run by Offshore Marine Academy (OMA), received the ‘RTN Recommended’ status earlier this month

Hvide Marine Announces Second Quarter Results

Hvide Marine Incorporated, Fort Lauderdale, Fla., reported a net loss of $23.7 million for the quarter ended June 30, 1999. These results reflect a loss of $14.1 million on the sale of assets. Last year, Hvide held a net income of $9.5 million. Revenues of $78.3 million for the 1999 quarter were down 28 percent from the previous year's figure of $109.3 million, which reflects the falloff in day rates and utilization for the company's fleet of offshore energy support vessels

US Offshore Wind Survey Contract for Fugro Atlantic

Fugro Atlantic to undertake a geological and geophysical survey for the Virginia Wind Energy Area for the Commonwealth of Virginia. The survey area covers over 45,000ha in the Atlantic Outer Continental Shelf and is seen to be a key step forward in developing offshore energy supplies in the region. In awarding the contract, Commonwealth of Virginia governor Bob McDonnell said: “[This is] a positive move forward toward the development of offshore wind energy

WTS Open Houston Office

Philip Bannerman: Photo credit WTS

Wilhelmsen Technical Solutions (WTS) opens an office in Houston to service their increased offshore business. WTS is targeting increased business from the local offshore industry in the Gulf of Mexico and an expanded focus on Brazil, where deepwater offshore production is entering a new and dynamic phase. WTS Vice President, Americas Region, Philip Bannerman says the company is well placed to provide the mix of skills and competence in demand in these regions

White House ‘Playing Politics’ Arctic Drilling Ban -AEC

Lucas Frances, (Photo: Arctic Energy Center)

The Obama Administration announced that it will ban offshore oil and gas development throughout much of the U.S. Arctic. Under the authority of a provision in a 1953 law, the decision designates "the bulk of the Arctic” indefinitely off limits.   Commenting, Lucas Frances, spokesperson for the Arctic Energy Center, said, “This is a deeply frustrating development and one that will mean a bleak economic future for Alaska

Top Regulatory Concerns on the US Commercial Waterfront

© John Merlin / Adobe Stock

A top 10 list of regulatory concerns is by no means all-inclusive, but it does bring to light the full weight of the regulatory hammer on the collective domestic commercial waterfront.   “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair

Op/Ed: ASTRO Act Shoots For the Stars

Randall Luthi (Photo: NOIA)

National Ocean Industries Association (NOIA) president Randall Luthi weighs in after the House Natural Resources Committee held a hearing on offshore development and introduced the Accessing Strategy Resources Offshore (ASTRO) Act.   Today’s hearing was a slam dunk by the House Natural Resources Committee. Not only did the Committee bring in experts and stakeholders with their own unique offshore perspectives to the hearing

Rigdon Named Interim CEO at Tidewater

Larry Rigdon

Larry T. Rigdon will serve as interim president and chief executive officer (CEO) of Tidewater Inc. while a search committee seeks a permanent successor to Jeffrey M. Platt, who has elected to retire from his role as director, president and CEO of offshore service vessels (OSV) owner and operator effective October 15, 2017.    “Having successfully completed the financial restructuring of Tidewater at the end of July

Subsea 7 Acquires Normand Oceanic

 Normand Oceanic. Photo: Subsea 7 S.A.

 Subsea 7 S.A. has announced an agreement to acquire the remaining 50% shareholdings in its equity accounted joint ventures, Normand Oceanic AS and Normand Oceanic Chartering AS, from Solstad Farstad ASA for a nominal cash consideration.    Effective from the date of the transaction, the Group will become the sole owner of Normand Oceanic, a flex-lay and heavy construction vessel that is being managed by Solstad Farstad while under long-term charter to a third party. 

Seacat to Support Siemens Gamesa at Galloper

Photo: Seacat Services

Seacat Services, and Siemens Gamesa Renewable Energy (Siemens Gamesa), have signed a two-year charter deal to support early Operations & Maintenance (O&M) activity at the 336MW Galloper Wind Farm.   Seacat Services is an offshore energy support vessel (OESV) operator and Siemens Gamesa is a global offshore wind manufacturer and service provider.   Having secured the 56-turbine supply deal for the multi-million pound project, currently under construction by innogy SE

Ampelmann Introduces New Personnel Transfer Gangway

Photo: Ampelmann

Ampelmann has launched its latest gangway for personnel transfer: the A-type Enhanced Performace (AEP). Now providing clients with 10 percent greater workability in sea states up to 4m significant wave height; the AEP also has the ability to use smaller vessels to obtain similar performance (compared to current A-type). The AEP features an advanced motion compensation control system with precision controls to enable fast landing and comfortable people transfers

Total E&P Charters Bibby WaveMaster 1

Bibby WaveMaster 1 (Photo: Damen)

Bibby Marine Services said it has signed a contract with Total E&P Netherland to charter the new Damen designed and built walk-to-work’(W2W) service operationvVessel Bibby WaveMaster1 from April 2018 through to October 2018, with options to extend up to three years.   Total E&P Nederland will use the Bibby WaveMaster 1 to replace jack ups and helicopters and to provide access to gas platforms in the southern North Sea

BOURBON to Support World's First Autonomous OSV Project

Following further developments in its design, Hrönn will now be a monohulled vessel of 37 m length, better suited for the intended operations. (Image: Bourbon/Automated Ships Ltd.)

BOURBON entered into a Memorandum of Understanding (MOU) with Automated Ships Ltd to support the building of the world’s first autonomous, fully-automated prototype vessel for offshore operations, in collaboration with the project’s primary technology partner, KONGSBERG.  BOURBON will provide detailed input to the development and design of the Hrönn project, ensuring flexibility, reliability and cost efficiency to operate safely and effectively in the offshore environment

Trump Administration Approves Eni Plan to Drill Offshore Alaska

Image of sea ice in the Beaufort Sea, acquired on 3 June 2017 by the Moderate Resolution Imaging Spectroradiometer (MODIS) instrument, on board the Aqua satellite. (Photo: NASA)

Eni US will become the first energy company allowed to explore for oil in federal waters off Alaska since 2015 after the Trump administration this week approved a drilling plan on leases the company has been sitting on for 10 years.   The Bureau of Ocean Energy Management approved the drilling plan of Eni US, a unit of Italy's Eni on Wednesday as part of President Donald Trump's plan to boost oil and gas drilling and make the country "energy dominant."  

Tidewater Reorganization Gets Court's Okay

Tidewater Logo by Tidewater Inc

 Tidewater, one of the world's largest offshore vessel owners, said that a court in Delaware approved the company's plans for a restructuring has, which would eliminate $1.6B in debt.  The US-based owner of one of the world’s largest fleets of OSVs will be able to recapitalise and refinance debt on its balance sheet.    "We are very pleased that the court has confirmed our Plan within a relatively short time frame," said Jeffrey M

GE, Maersk Drilling Accelerate Digital Partnership

 The image shows Maersk Drilling’s rig Integrator. Photo Credit: Maersk Drilling

The 'digital revolution' continues in earnest in the maritime and offshore energy sectors, driven by new pilot programs with positive results such as GE (NYSE: GE) and Maersk Drilling, which announced this morning an extension of the scope of their digital partnership following the positive results of a pilot probem, with the bottom line focus of enhancing drilling productivity. During the extended partnership, Maersk Drilling and GE will expand the scope of the 2016 pilot project—one

Bumi Armada Bags Additional Contract from Lukoil

Photo:  Bumi Armada Berhad

 Bumi Armada Bhd’s wholly-owned unit, Bumi Armada Caspian LLC, has signed a supplementary agreement worth RM576 million (USD 134 million) with Lukoil-Nizhnevolzhskneft LLC (Lukoil) for an additional engineering, procurement, construction and installation (EPCI) scope of work in Russia.    Back in December 2013, Bumi Armada had bagged a 10-year, US$262 million contract from Russia’s Lukoil-Nizhnevolzhskneft Ltd.  

IUMI: Offshore Energy Insurance Market “Sinking”

Photo: International Union of Marine Insurance

 At annual IUMI (International Union of Marine Insurance) conference in Tokyo, James McDonald, chairman of IUMI’s Offshore Energy Committee warned that the sector was “sinking”.   His warning was based on declining total premium income set alongside upstream energy large losses for 2015-16 of USD 4.8 billion.   McDonald explained: “In recent years it would appear that claims have exceeded the global premium base and the last two underwriting years

NOIA Appoints Four to BoD

Martin Stauble

National Ocean Industries Association (NOIA) Chairman David Welch has appointed four new members to the association’s Board of Directors.    Appointed to first term on the Board of Directors:   Jennifer Medcalf, Vice President Business Development, The REACH Group   David De Roode, Partner, Lockton Partners, LLC/Senior Vice President, Lockton Global Energy & Marine L

Damen Workboat Festival

Damen Workboat Festival (Photo: Damen)

Fine weather after a stormy morning and a wide range of vessels to view and try out on the water encouraged a good turnout of clients, industry partners and media at Damen’s second annual Workboat Festival.   Held at Damen Shipyards’ HQ at Gorinchem, the event not only invited guests to experience a selection of smaller tugs, pilot boats, fast crew suppliers and a high-powered RIB, it also gave them the opportunity to explore themes that are very much at the forefront of the

Maritime Reporter Magazine Cover Oct 2017 - The Marine Design Annual

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