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Offshore Oil

Coast Guard Announces Interim Rule

The U.S. Coast Guard has published an interim rule that adjusts limits of liability for vessels and deepwater ports under the Oil Pollution Act of 1990. The interim rule, effective July 31, 2009, increases the current OPA 90 limits of liability for vessels and deepwater ports to reflect significant increases in the Consumer Price Index since the limits were amended by the Delaware River Protection Act of 2006. The rule also increases the current OPA 90 limit of liability for the Louisiana Offshore Oil Port to reflect Consumer Price Index increases since the Louisiana Offshore Oil Port limit was established by regulation in 1995.  


NOIA Applauds RI Offshore Wind Project

Randall Luthi (Photo: NOIA)

National Ocean Industries Association (NOIA) president Randall Luthi issued a statement congratulating “steel in the water” for Deep Water Wind’s Block Island Wind Farm, stating an all-of-the-above strategy combining offshore wind with offshore oil and gas off the U.S. Atlantic Coast benefits the U.S. on multiple levels.   “NOIA congratulates Deepwater Wind as on-site construction begins on its Block Island Wind Farm offshore Rhode Island


Barbados Offshore Oil Bidding to Start Soon

The first round in offshore oil and gas production contract bidding for Barbados is scheduled to start in late June, according to a report on www.nationnews.com. The prospect of rich oil and gas reserves off the island nation have generated high interest among the world’s oil majors, and the government plans to profit first with the sale of seismic data, and second with the awarding of contract for exploration rights.


Cuba Offers 59 Offshore Oil Blocks In Joint Venture

The Cuban government is reportedly offering 59 offshore oil blocks for joint venture projects with foreign companies as part of its bid to develop the local hydrocarbon industry and remedy national fuel shortages.


Russia to Pursue offshore Oil and Gas

According to UPI, Russia's first offshore oil and gas platform, LUN-A, is in operation in the sea of Okhotsk on the Sakhalin Shelf. The platform will be used to drill 27 wells and the produced gas will be transported over a 497-mile pipeline to a liquefied natural gas plant being built in the settlement of Prigorodnoye south of Sakhalin, ITAR-TASS news agency reported. The installation of the LUN-A platform is part of the Sakhalin-2 project run by the Sakhalin Energy international company


China Shipbuilders Ready to Foray into Offshore Engineering

Jiangsu Rongsheng Heavy Industries Group Co Ltd began building CNOOC 201, a deepwater pipe laying and lifting vessel for China National Offshore Oil Corporation in Rugao Port of Nantong City in Jiangsu Province on September 16th 2008. CNOOC Engineering plans to input CNY 15 billion(USD2bn) in construction of a series of deepwater equipment including deep sea drilling vessels, ready to focus on deepwater prospecting, since most of the country's newly discovered oilfields are deep undersea.


Bourbon Orders MacGregor Subsea Crane

MacGregor crane detail on the MPSV Bourbon Evolution 802, multi-purpose supply vessel of the Bourbon Evolution 800 series in Singapore

MacGregor, part of Cargotec, has won an order for a 150-ton active heave-compensated (AHC) subsea crane from leading offshore oil and gas marine services specialist, Bourbon. This builds on a contract that was secured at the end of 2007 from the operator for ten similar cranes. This crane will be delivered in August 2014 and is, as per nine of the previous orders, for a Bourbon Evolution 800 multi-purpose support vessel under construction at Zhejiang Shipyard, in China.


In Katrina’s Wake, Oil Surges Past $70

Hurricane Katrina swept ashore yesterday as a Category 4 hurricane, and has left untold destruction to the Gulf states of Louisian, Mississippi and Alabama. Another effect of the storm could be felt for months to come, as crude oil futures briefly touched above $70 per barrel for the first time, and natural gas futures jumped nearly 20 percent. According to an AP report, the Bush administration is considering releasing some oil from the nation's emergency petroleum stockpile to help


Devon Sells Panyu Field to China

Devon Energy Corporation, a U.S.-based oil and gas exploration, development and production company, sold its producing Panyu field located offshore China to China National Offshore Oil Corporation. China National Offshore is a state-owned oil and gas producer in China. In April, Devon Energy said it had agreed to sell its producing Panyu field located offshore China to China National Offshore for $515m. During 2009, Devon's production from the Panyu field was approximately 12 thousand barrels


Workers Rescued from Oil Platform Fire in Caspian Sea

Forty two workers have been rescued from an offshore oil platform that caught fire in Azerbaijan's sector of the Caspian Sea, Azeri independent TV ANS said on Friday.   Azeri state energy company SOCAR was not immediately available to comment.   SOCAR said earlier that the fire started after a gas pipeline on the platform was damaged in heavy wind. It said the rescue attempt was being complicated by a heavy storm.  


Keppel Posts Lower Q2 Profit, Warns on Rig Outlook

Q2 profit S$161 million versus S$205 million year ago; O&M division net order book at S$3.4 billion.   Singaporean conglomerate Keppel Corp posted a 21 percent drop in its quarterly profit and warned it did not expect a speedy recovery in the offshore and marine market.  


Lundin Extends Contract for Ocean Rig

Image: Ocean Rig

 Ocean Rig UDW, contractor of offshore deepwater drilling services, has announced that Lundin Norway AS, has declared their third option to extend the existing contract of the Leiv Eiriksson.    In addition, Ocean Rig has granted Lundin 2 additional options to drill further wells


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.  


Drilling in Disputed South China Sea may Resume

Drilling for oil and natural gas on the Reed Bank in the South China Sea may resume before the end of the year, a Philippine energy official said on Wednesday, as the government prepares to offer new blocks to investors in bidding in December.  


Marsol Signs Two-Year OOCEP Contract

Photo: Marsol International

Marsol International, a UAE-based global marine solutions provider focused on the offshore oil terminal market and related infrastructure, has signed a two years contract with Oman Oil Company Exploration & Production LLC (OOCEP) for the provision and management of the marine and offshore


BIMCO Updates SUPPLYTIME for Offshore Charters

Anastasios Papagiannopoulos, President of BIMCO. Photo: BIMCO

 Now in its fourth edition, BIMCO’s best-selling contract has been updated to reflect contemporary shipping practice and legal developments in the offshore sector. It has a purer knock for knock liability regime and is more neutrally balanced than its predecessor.  


GoM Rigs Evacuated ahead of Storm Cindy

Image: NOAA National Hurricane Center

Facing incoming Tropical Storm Cindy, offshore oil and gas operators in the Gulf of Mexico have begun evacuating platforms and rigs as the storm moves north-westward toward the U.S. Gulf Coast.   Data from offshore operator reports submitted to the Bureau of Safety and Environmental


Tropical Storm Cindy Rolls in on US Gulf Coast

Image: NOAA National Hurricane Center

Tropical Storm Cindy is likely to hit the Gulf Coast near the Texas-Louisiana border on Wednesday night, threatening to bring flash floods from Texas to Florida, according to the National Hurricane Center. Cindy was located about 165 miles (265 km) south of Morgan City, Louisiana


Oil Traders Brace for US Gulf Coast Storm

Oil traders from Texas to Louisiana braced on Tuesday for supply disruptions as Tropical Storm Cindy, formed in the U.S. Gulf of Mexico, threatened to hit refining and production centers with wind and rain later this week.   Cindy was located about 265 miles (430 km) south of Morgan City


Air New Zealand Wins Deal to Service US Navy Engines

Air New Zealand said its Gas Turbines business unit has been awarded four contracts from the U.S. Navy worth up to $42 million to service its fleet’s gas turbine engines.   The contracts will see the Auckland based Gas Turbines team carry out maintenance and overhaul work of the


Vryhof Makes Two Senior Appointments

Evan Zimmerman and Clément Mochet (Photo: Vryhof)

Anchoring and mooring solutions provider Vryhof has made two senior appointments: Evan Zimmerman as Vryhof’s new Vice President and Chief Technology Officer and Clément Mochet as new Commercial Director for Vryhof’s business unit, Vryhof Anchors.  


Jawar Al Khaleej Takes Delivery of Two Vessels

Damen FCS 5009 (Photo: Damen)

Jawar Al Khaleej Shipping LLC (JAK), a provider of specialist services to the offshore oil and gas sector in the Arabian Gulf, has taken delivery of a Damen Fast Crew Supplier (FCS) 5009 and an ASD 3213 tug for operations at the Al Basra (ABOT) and Khor Al Amaya (KAAOT ) oil terminals


DNV GL Releases New Guidelines for Submarine Pipelines

Photo: DNV GL

 Depending on the interaction between the pipe and soil, submarine pipelines, both exposed and buried, may be subject to severe displacements and impaired pipeline integrity.    Soil characterization and pipe-soil interaction assessment are therefore important parts of any


Angelle Named BSEE Director

Scott Angelle (Photo: BSEE)

 Former Louisiana state official Scott A. Angelle will head-up the U.S. Bureau of Safety and Environmental Enforcement (BSEE). Angelle, who most recently served as Vice Chairman of the Louisiana Public Service Commission, will assume his new position May 23.


Pacific Radiance, Allianz JV in Middle East

Photo: Pacific Radiance Group

 Crest Offshore Marine (COM), the wholly owned subsidiary of Pacific Radiance, has entered into a Joint Venture (JV) Agreement  with Allianz Offshore Middle East (AOME).  According to JV agreement, both companies are jointly incorporating a company in Singapore known as Allianz






 
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