Is Oil Industry Backing Away From Offshore Arctic Drilling ?
The principal difficulty for Arctic offshore drilling right now, according to oil industry think tank, is economic. The companies may be back for another try at Arctic offshore drilling, in U.S. waters or elsewhere, if economic conditions change, reports AP. Shell pulled out from drilling in the Arctic after completing just one unsuccessful exploration well. Then Obama administration cancels two scheduled Arctic Ocean lease sales for 2016 and 2017. To those who aren't oil industry insiders, it seems like the most sudden of turnabouts.
Russian Arctic Offshore Drilling Postponed
Russian Arctic offshore drilling set for 2015 to be postponed to 2016 or later - Novak Russia's Energy Minister Alexander Novak said on Thursday that Arctic offshore drilling planned for this year will be postponed until 2016 or later. "Drilling of wells (in Russia's Arctic offshore territory) scheduled for 2015 will be delayed to the next year and possibly even longer," Novak told Rossiya-24 state TV in an interview. He did not name specific projects. Sources previously told Reuters that Russian state oil producer Rosneft will be forced to postpone drilling a second well in the Kara Sea for at least two more years, as a result of Western sanctions over the Ukraine crisis. (Reporting by Katya Golubkova; Editing by Jack Stubbs)
Aker Arctic Acquires Canada’s Akac
Aker Arctic Technology Inc has acquired full ownership of Canadian based company Akac Inc, which is known in the oil and gas industry for its involvement in the Arctic offshore projects and operations. According to Aker Arctic Technology, the acquisition strengthens its position in the field of Arctic offshore work. Akac provides tailored solutions and consultancy to enhance the operability, efficiency and safety of offshore operations in ice conditions. The ownership change is effective as of June 1, 2015.
Bridge Systems Ordered for Canadian Navy Newbuids
OSI Maritime Systems Ltd. (OSI) has signed a contract with Lockheed Martin Canada to build, deliver and support the installation of the Integrated Navigation and Bridge Systems (INBS) for the Royal Canadian Navy’s (RCN) new class of Arctic Offshore Patrol Ships (AOPS) to be built at the Halifax Shipyard. This implementation phase contract is being awarded subsequent to the successful conclusion of a 21-month design phase contract completed in early 2015. Lockheed Martin Canada…
STX Finland, STX Windpower Collaborate on Windpark Supply
STX Finland and STX Windpower are starting a joint collaboration on turnkey windpark supply in Northern Europe, focusing on offshore sites in the Northern Baltic Sea region and onshore sites in Finland, Sweden and the Baltic states. A Letter of Intent was recently signed by both companies stating that STX Windpower B.V. supplies direct drive turbines and STX Finland completes the project on an EPCI basis. In addition to turnkey windpark supply, the joint offering also includes complete lifecycle support, including operations, maintenance, spare parts supply, retrofits, refurbishments and decommissioning. The collaboration also looks…
2011 IMarEST Arctic Shipping and Offshore Technology Forum
This fall, the Institute of Marine Engineering, Science and Technology (IMarEST) will sponsor the IMarEST Arctic Shipping and Offshore Technology Forum 2011, including the 1st Annual IMarEST ClassNK Lecture. The conference, to be held in central London, will consider Arctic Shipping Technology on Wednesday, October 5, and Arctic Offshore and Energy Technology on Thursday, October 6. The 1st Annual IMarEST ClassNK Lecture will take place on the first day of the conference. Professor John Carlton FREng, Professor of Marine Engineering, City University London and the 109th President of IMarEST, will chair the first day of the conference. “Our packed and stimulating first day of the Arctic Forum ends with the inaugural Annual IMarEST ClassNK Lecture, to be delivered by Mr.
Keppel and ConocoPhillips to Build Arctic Jackup
Keppel and ConocoPhillips to design first ice-worthy jackup rig for the Arctic Offshore. Joint project will yield breakthroughs in offshore Arctic drilling. Keppel Offshore & Marine Technology Centre (KOMtech), a design and engineering arm of Keppel Offshore & Marine (Keppel O&M), and ConocoPhillips are jointly designing a first-of-its-kind ice-worthy jackup rig to operate in one of the harshest marine frontiers, the Arctic Seas. This jackup rig will have dual cantilevers to optimise drilling operations within a limited time window. The rig is capable of operating in a self-sustained manner for 14 days and is equipped with a hull that is designed for towing in ice.
DNV Launch Arctic Offshore Structure Design Framework
DNV with key industry players develop an enhanced design framework for structures deployed in open water & harsh areas. In order to ensure a common, transparent and documented approach to achieving acceptable safety levels for offshore structures in cold-climate regions, a DNV-led joint industry project (JIP), ICESTRUCT, has since 2009 worked to develop a designer-friendly and reliable framework based on the ISO 19906 Arctic Offshore Structure standard. Per Olav Moslet, Arctic technology research programme director at DNV explains: “The governing design loads for offshore structures in Arctic areas are usually based on interaction with ice, and it is very important that these loads and their effects are treated consistently.
Rosneft to Invest US$400-Bln in Arctic Offshore Program
Taking part in a round-table discussion in St. Petersburg on the efficient and safe development of the Arctic, Rosneft's President and Chairman Igor Sechin, informed that the Arctic contains 20% of the world’s oil reserves, and that his company will invest around $400bln in its Arctic offshore program over 20 years. Rosneft explains that the roundtable involves researchers and business community representatives and is led by Russian President Vladimir Putin. The session focused…
Arctic OSV Named at Arctech Yard
Arctic offshore vessel NB 507 has been named after Russian Navigator Aleksey Chirikov at Arctech Helsinki Shipyard. The vessel will be delivered to the largest Russian shipping company Sovcomflot shortly and will continue its path straight to Sakhalin area in Far East Russia, where it will supply the Arkutun-Dagi oil and gas field. Arctech has built two arctic offshore supply vessels for Russian company Sovcomflot, which specialises in hydrocarbon transportation from Arctic and subarctic regions with challenging icy conditions.
Cameras Chosen for Canada's Arctic Patrol Ships
Kongsberg Maritime has announced that it has been selected by L-3 MAPPS to provide the CCTV system for the Royal Canadian Navy’s (RCN) new class of Arctic Offshore Patrol Ships (AOPS). L-3 MAPPS is one of the Tier 1 suppliers to Irving Shipbuilding, Prime Contractor delivering the AOPS vessels as a part of the National Shipbuilding Procurement Strategy (NSPS). Kongsberg Maritime has over 70 employees in Dartmouth, Vancouver and St. Johns, 190 employees in the U.K. and approximately 4,600 total across the world.
OSI Navigation System for Canadian Navy
OSI Maritime Systems Ltd. (OSI) announced today that it has been selected by Lockheed Martin Canada to support the design activity of the bridge and navigation capabilities for the Royal Canadian Navy’s (RCN) new class of Arctic/Offshore Patrol Ships (AOPS). Lockheed Martin Canada is one of AOPS Prime Contractor Irving Shipbuilding’s Tier 1 suppliers for the AOPS project under the Canadian government’s National Shipbuilding Procurement Strategy (NSPS). Under an initial contract, OSI will design the Integrated Bridge and Navigation System for the new vessels. “We are very pleased to have been selected for this very important Royal Canadian Navy project,” said Ken Kirkpatrick, President and Chief Executive Officer OSI Maritime Systems Ltd.
OSI to Design Navigating Bridges for RCN Arctic Patrol Ships
Burnaby, BC - based OSI Maritime Systems (OSI) says it has been selected by Lockheed Martin Canada to support the design activity of the bridge and navigation capabilities for the Royal Canadian Navy’s (RCN) new class of Arctic/Offshore Patrol Ships (AOPS). Lockheed Martin Canada is one of AOPS Prime Contractor Irving Shipbuilding’s Tier 1 suppliers for the AOPS project under the Canadian government’s National Shipbuilding Procurement Strategy (NSPS). Under an initial contract, OSI will design the Integrated Bridge and Navigation System for the new vessels.
Irving Shipbuilding Commits $2 Mln for Arctic Research
Irving Shipbuilding Inc. has committed $2 million in funding in partnership with the Nunavut Arctic College for an applied research project with a northern focus. “Irving Shipbuilding is pleased to support this call for research proposals for the Nunavut Research Institute,” said Kevin McCoy, Irving Shipbuilding President. The $2 million commitment is being made pursuant to Irving Shipbuilding’s Value Proposition obligation under Canada’s National Shipbuilding Strategy (NSS). Irving Shipbuilding is committed to spending 0.5 percent of contract revenues with the aim of creating a sustainable marine industry across Canada, amounting to approximately $12 million over the duration of the Arctic Offshore Patrol vessel contract.
Russian Offshore Hiatus: But World's No.1 Oil Producer
Still no Arctic offshore oil from the Prirazlomnaya platform, but Russia keeps the position as the world’s largest oil producer. Prirazlomnaya field in the eastern Barents Sea was supposed to be the first operating offshore oil production on Russia’s Arctic continental shelf when the platform was towed out from Murmansk in the autumn 2011. Today, one and a half year later, the workers are still challenging the technical problems and production is said to start earliest in September this year, reports 'Barents Observer'. But there is no urgent need for offshore oil-production as Russia for the second year in a row takes the top position among global oil producers. Output of crude oil was 518 million tons last year, according to figures presented by the Ministry of Energy.
'Spotlight on Arctic Technology' Award for Viking Supply Ships
Viking Supply Ships informed that the company has been elected as a winner of this year’s “Spotlight on Arctic Technology” award at the Arctic Technology conference in Copenhagen. During the winter of 2013, Viking Supply Ships performed Ice-trials of our Icebreaker Loke Viking-class Ice 1A AHTS. The tests showed that the vessel performed good at ice-breaking, ridge penetration, maneuvering and channel clearing. Results showed that the Loke Viking class' performance in light/moderate ice conditions is at the same level as that of Arctic purpose built supply Ice-breakers.
Green Groups Ask U.S. to Stall Shell's Final Arctic Permits
Ten environmental groups say a missing icebreaker should be a deal-breaker for Arctic offshore drilling by Royal Dutch Shell PLC off Alaska's northwest coast and urged the U.S. government not to grant final permits to Shell, reports Reuters and AP. The groups in a letter that under Shell's exploration plans, the U.S. Interior Department cannot allow it to begin exploring for oil in the Chukchi Sea off northern Alaska while the icebreaker, the Fennica, is unavailable. The icebreaker is a key part of Shell's exploration plan and spill response plan, said attorney Mike LeVine of Oceana.
Gazprom CEO Alexey Miller Bullish on Arctic
Gazprom has completed the construction of the Gates of the Arctic offshore offloading terminal that would pave the way for year-round oil supplies from the Novoportovskoye field in Yamal. Gazprom takes the leadership position in the Russian petroleum industry. Gazprom's board of directors had approved a RUB 842 billion ($11.8 billion) investment program for 2016. Gazprom Chairman Alexey Miller said: "We have been efficiently developing the Prirazlomnoye field in the Arctic shelf. "This year Gazprom has continued steadily evolving as a global energy Company.
U.S. Cancels Arctic Offshore lease Sale
The U.S. Interior Department on Friday said it would cancel two potential Arctic offshore lease sales after Royal Dutch Shell PLC said that it was not interested in those leases. "In light of Shell's announcement, the amount of acreage already under lease and current market conditions, it does not make sense to prepare for lease sales in the Arctic in the next year and a half," Interior Secretary Sally Jewell said in a statement. Shell said last month it was giving up its Arctic search for oil after failing to find enough crude oil.
Canada Patrol Boat Construction Project Pushes Forward
The Canadian Government has released funds with a potential value of $53.5 million to Irving Shipbuilding to pay for tasks connected with the construction of the Arctic/Offshore Patrol Ships (AOPS) under Canada’s National Shipbuilding Procurement Strategy (NSPS). • The definition contract is a task-based contract divided into seven work packages (or tasks) that will enable Irving Shipbuilding Inc. to have full designs and requirements established for the Arctic/Offshore Patrol Ships before building. Plans remain on track to cut steel and begin construction in 2015.
Thibodeaux Named President of Fugro Chance
Offshore survey company Fugro Chance Inc. has appointed Blaine Thibodeaux to president. His responsibilities include Fugro’s Gulf of Mexico and Arctic offshore operations, including marine positioning, offshore construction and subsea projects, and international services. Having begun his career with Fugro’s IT group in 1996, Thibodeaux joined John Chance Land Surveys (a Fugro company) in 1997. As a Division Manager, he oversaw FLI-MAP, the airborne corridor mapping system, collecting thousands of miles of LiDAR data for federal and state agencies and the private sector.
Obama Arctic Plan Misses the Mark, Says Alaska Lt. Governor
At a 3-day Arctic technology conference in Houston, Texas, Lt. Governor Mead Treadwell told a gathering of oil and gas experts that President Obama's recently released implementation plan for the nation’s Arctic strategy misses the mark. "The White House plan does not move us toward more certainty on development,” Treadwell said. “Arctic offshore oil and gas development is occurring, just not in the U.S. Treadwell said he is especially surprised the federal government wants a new study on the Trans-Alaska Pipeline. "I can answer that question right now,” said Treadwell.
Arctic Ocean Foreign Ministers' Meeting
The Honourable Lawrence Cannon, Minister of Foreign Affairs, met with foreign ministers of the five Arctic Ocean coastal states—Canada, Denmark, Norway, Russia and the United States—in Chelsea, Quebec on March 29. “By virtue of our sovereignty, sovereign rights and jurisdiction in large parts of the Arctic Ocean, we are in a unique position to address new opportunities and challenges in the region,” said Minister Cannon. “We are committed to doing so within the extensive international legal framework that applies to the Arctic Ocean. Our citizens and northern inhabitants expect us to continue to show leadership on Arctic issues, and that is what we are doing. We are not reacting to change but shaping it.