Wintershall: Expanding Offshore Brazil
BASF's oil and gas subsidiary Wintershall said it would build up its presence in the Brazilian offshore oil sector this year where it won exploration licences in 2018."It is part of our growth course that we are also active in new regions, and Brazil offers great potential," said chief executive Mario Mehren at the company's annual news conference.First results of seismic measurements in three blocks of the Potiguar basin to be operated by Wintershall are expected by mid-2020, he said.Wintershall, which is due to merge with rival DEA in the first half of this year, would also invest in the expansion of gas and oil in its core regions Russia, Norway, Argentina, the Middle East and Germany, he said. (Reuters reporting by Vera Eckert, editing by Riham Alkousaa)
Spectrum Begins Seismic Survey in Argentina
The global seismic survey provider Spectrum, in cooperation with BGP, has started a 20,000-km (12,427-mi) 2D survey in the Colorado and Salado basin offshore Argentina.The 2D seismic survey launched to acquire data for future licensing rounds off South American country.This new program ties with Spectrum’s existing 35,000 km survey that was acquired in 2017 for the ongoing first offshore licensing round.The survey is done in cooperation with BGP utilizing the vessel BGP Pioneer.Data is being acquired with a 12 km streamer with continuous recording to image deep reflection and high fold data.
Naval Group: Four OPVs for Argentina
Argentina has decided to acquire four offshore patrol vessels (OPVs) built by Naval Group. The contract entered into force on February 14, 2019, and Naval Group will now begin production on the four vessels. The first to be delivered will be L’Adroit. Developed, financed and built in less than two years by Naval Group, L’Adroit had been made available to the French Navy since 2011, thereby demonstrating its operational capabilities for the action of the State at sea. The remaining…
Exmar's Tango FLNG Arrives in Argentina
Belgian shipowner Exmar said its first floating LNG (FLNG) production unit Tango FLNG, to be renamed Tango FLNG, has berthed in Bahia Blanca, Argentina.The Nicolas Saverys-led shipowner said in a press release that the Caribbean FLNG will stay in Bahia Blanca and produce LNG for export for YPF over a ten-year period.After contract signing in November 2018, the unit was transported from China to Argentina onboard a heavy lift vessel.The next major project milestone will involve outfitting and commissioning the unit.
QP, Exxon to Build $10B LNG Plant in Texas
Exxon Mobil and Qatar Petroleum announced a final decision to finance a $10 billion-plus project to export liquefied natural gas (LNG) from the Texas Gulf Coast.Construction of the Golden Pass LNG export project located in Sabine Pass will begin in the first quarter of 2019 and the facility is expected to start up in 2024, said a press release.“Golden Pass will provide an increased, reliable, long-term supply of liquefied natural gas to global gas markets, stimulate local growth and create thousands of jobs…
Buenos Aires' Exolgan Orders Four Hybrid RTGs from Kalmar
Cargo handling solutions company Kalmar has signed an agreement with Exolgan S.A. to supply a total of four rubber-tyred gantry cranes (RTGs) with hybrid drivelines for its container terminal in Buenos Aires, Argentina."The order, which also includes the supply of a spare parts package for the machines, was booked in Cargotec's 2018 Q4 order intake with delivery scheduled to take place in late 2019," said a press release from Kalmar, part of Cargotec. The Exolgan terminal in Buenos Aires is a general cargo and container-handling port terminal with strategic road…
Moore Stephens: Leaner, Greener Shipping Will Attract Investment in 2019
Accountant and shipping adviser Moore Stephens says shipping will continue to attract investors in 2019 if it fulfills its ESG (environmental, social and governance) responsibilities.In the latest issue of Bottom Line, the Moore Stephens shipping sector newsletter, Richard Greiner, a partner in the firm’s Shipping & Transport team, says, “It has been suggested that the future is very much like the present, only longer. Should that prove to be the case for the shipping industry…
Tango FLNG En Route to Argentina
Belgium based EXMAR announced Thursday that its floating liquefied natural gas (FLNG) facility has left China for a 45-day voyage to the destination of its liquefaction operations at the Port of Bahia Blanca in Argentina.The barge-based Tango FLNG (previously named Caribbean FLNG) is on the move just one month after a contract was signed for a firm, 10-year deployment.Upon its arrival, the facility will be put in operation for EXMAR’s customer YPF S.A. and is expected to start up LNG production in the second quarter of 2019.
Shipbuilding: New 110m Catamaran Named Saint John Paul II
Shipbuilder Incat has launched the 110m vehicle / passenger ferry from the shipyard at Derwent Park in Hobart Tasmania. The ship will commence sea trials in mid January prior to delivery to her new owner Virtu Ferries for service between Malta and Sicily.Bearing the livery Saint John Paul II the vessel has been named in honor of the Pope who served from 1978 to 2005, so revered the Pope has often posthumously, but unofficially, been referred to by Catholics as "St. John Paul the Great".
U.S. Soybean Cargo Unloaded in China
A vessel carrying U.S. soybeans has unloaded its cargo at the port of Qingdao in China on Friday, shipping data showed, amid a trade truce between China and the United States.The Star Laura, originally carrying 69,298 tonnes of soybeans loaded in Seattle, arrived at Qingdao outer anchorage in early November.The vessel's draft is now at 44 percent of its maximum depth, indicating it has emptied its load, data from Refinitive Eikon showed.The ship changed destination to South Korea in early November but came back to the port in eastern Shandong province in December…
President Energy Strikes Oil in Argentina
UK-based oil and gas company President Energy President Energy has encountered oil in the third and final well of its current drill programme at the Puesto Flores concession in Argentina.Well PF0 1005 has been drilled, logged, cased and cemented to 2,360 metres both on time and on budget, the company focusing primarily on high margin production opportunities in Latin America said.Both the Punta Rosada primary target and the Lotena formation secondary target resulted in good oil…
Qatar Buys Eni's Mexican Oil Stakes
Qatar Petroleum (QP) signed an agreement with Italy’s Eni SpA to acquire a 35% stake in three offshore oil Fields in Mexico.The agreement cover the Amoca, Mizton, and Tecoalli offshore oil fields, which lie in Area 1 in Mexico’s Campeche Bay, said a press statement from the Arab country's government-owned energy company.The agreement is subject to customary regulatory approvals by the government of Mexico. Following such approval, both Eni and Qatar Petroleum will jointly hold 100% interest in the Area 1 production sharing contract.Commenting on this agreement…
British Golden Globe Yachtswoman Rescued by Cargo Ship
British solo round-the-world yachtswoman Susie Goodall was rescued by a cargo ship on Friday after her boat capsized and lost its mast during a violent storm in the southern Pacific Ocean.The 29-year-old, the youngest entrant in the Golden Globe race, had waited two days for the Hong Kong-registered Tian Fu to arrive after sending a distress signal from 2,000 nautical miles west of Cape Horn.The signal was picked up by Falmouth Coastguard in southwest England, with the alert passed on to race control and the Chilean maritime search and rescue authorities."ON THE SHIP!!!," she said on her Twitter feed after the rescue.Race organisers had earlier reported plans to lift the sailor from the deck of her yacht DHL Starlight using one of the cranes on the 38,000 tonne ship, which was heading to A
Exmar Bags FLNG Contract from YPF
Belgium's Exmar and YPF of Argentina announced the signing of a firm, ten-year agreement to deploy Exmar’s barge-based floating LNG liquefaction unit (FLNG) currently known as Caribbean FLNG to produce and export LNG from the Vaca Muerta source at the Neuquén Basin in Argentina.The project marks the entry of Argentina to the select club of global LNG exporting nations, with an initial plan to export 500,000 tons of LNG per year to overseas markets.Exmar’s FLNG barge will be named Tango FLNG and be deployed to the port of Bahia Blanca.
Argentine Submarine Found After Yearlong Search
The Argentine Navy submarine that went missing a year ago off the country's Atlantic Coast was found by a private company involved in what had been a massive search for the vessel and its 44-member crew, the defense ministry said in a news conference on Saturday.The ARA San Juan submarine was discovered by marine tracking contractor Ocean Infinity, 907 meters (2,975 feet) below the ocean surface. The vessel was found in an underwater canyon with its tail partially "imploded," Argentina's Defense Minister Carlos Aguad said.Given the poor visibility at the site…
BIMCO: US soya bean exports to China down 97%
The trade war and particularly the Chinese tariffs on imports of U.S. soya beans can now clearly be seen with the start of the soya bean peak exporting period in the U.S. In the first eight weeks of the 2018/19 marketing year accumulated U.S. exports are down 39%, from 12.2 million tonnes on 26 October 2017 to 7.5 million tonnes on 25 October 2018.“While weekly exports this season have been consistently lower than last season, the week to 18 October marked the single biggest decrease, from 2.5 million tonnes in the corresponding week last year, to just 1.1 million tonnes.
Asian LNG Demand to Grow
Currently planned regasification capacity expansions in Asia will allow LNG demand to grow towards 2030, said energy consultent Rystad Energy.Total planned capacity additions is forecasted to reach 700 Mtpa by 2030 driven by expansions in China and India. Asia LNG demand of 392 Mt in 2030 would imply an average utilization rate of 56% if all regasification projects were sanctioned.The seasonality in East Asian demand will require China to continue its capacity development, while…
OOE Recommissions Expedition Cruise Ship
Canadian operator One Ocean Expeditions (OOE) announced it has recommissioned a 1991-built expedition cruise vessel.RCGS Resolute, previously Society Adventurer and later Hanseatic, was built in the early '90s as one of the industry’s first purpose-built passenger expedition cruise vessels.With the arrival of RCGS Resolute, OOE said it will continue to offer sailings to remote destinations such as Canada’s East Coast, the Canadian High Arctic and Antarctica, and will introduce new destinations including Central and South America as well as the North Atlantic Islands.“One Ocean Expeditions’ fle
Powerful Shallow-Draft Paraguay Towboat
Paraguay’s Tsuneishi Shipyard, a subsidiary of the Japanese firm of the same name, recently delivered the powerful towboat Tebicuary 3 to her owners Navegación del Sur S.A. (Navesur) in June of 2018. The new vessel is a near sister-ship to the 2015-delivered Ceasar Primo for a different owner. The newer vessel will also work on the Paraguay-Paraná River system that provides marine access to large parts of central South America.“The Paraguay-Paraná Waterway is a regional agreement between Argentina…
IMO to Push Nations for Legislation on Treaties
An important strategic objective for International Maritime Organization (IMO) is improve the way its treaties and conventions are implemented, at the national level.Domestic implementing legislation is required but audits carried out by IMO reveal that, in many countries, it either doesn’t exist or is incomplete.To address this need, IMO offers an intensive 5-day workshop for lawyers and legislative drafters. It provides them with the tools they need to understand IMO treaties and how they are developed and adopted.
World Shipping Council Names Tim Wickmann as New MD, Asia
The World Shipping Council (WSC) is pleased to announce that Tim Wickmann is joining WSC as its new Managing Director, Asia.Wickmann served most recently as CEO of MCC Transport and has worked in various leadership positions in international liner shipping for the last three decades.“The liner shipping industry is a global network and therefore needs consistent regulatory treatment across the globe. That requires the industry to have a coordinated voice on regulatory matters.
Mechanica Launches Marine Engineering Business
Mechanica Utilities Ltd has formed a new company to specialize in supporting the maritime sector in the U.K. and overseas.Having worked nationally in partnership with several marine engineering companies for very many years, Mechanica Utilities has stepped into to fill the void generated by ship repairer Burgess Marine’s recent sale and the vast reduction in its Dover footprint.The newly formed company Mechanica Marine, which acquired and redeveloped a marine engineering purposed 25…
New Catamaran “Unicat” in Argentina
In September 2018, a 17 x 5 meter catamaran completed its final tests in the Tigre Delta of theTigre on the Parana River near Buenos Aires, Argentina prior to its delivery to her Chilean owners.The cat was designed by Eng. Emilio Noel and built by Astilleros Unidelta SA. which has a well-established reputation in a wide range of steel and aluminum workboats. The yard has a plant located in Buenos Aires with 10,000 cubic meters of open and 4,000 cu.m. of covered work space. The…