Bg International News

Royal Dutch Shell PLC has officially shelved its plans to build the Prince Rupert LNG project, which had been planned for Ridley Island in British Columbia. However, it  is still considering the potential of its other West Coast LNG option. Shell acquired the Prince Rupert LNG as part of a portfolio of projects in its takeover of natural gas giant BG Group last year. Shell said it decided to discontinue the project after reviewing how it stacked up against its existing options, but  it continues to actively move forward on the proposed Kitimat, B.C.-based LNG Canada project with its partners. “Acquired as part of the Shell and BG Group combination in 2016…

Fugro has been awarded a contract by BG International Limited Sucursal Honduras to conduct an integrated multibeam echosounder (MBES) survey and seabed coring campaign over its offshore acreage (block) in the Honduran Caribbean. As part of BG’s exploration licence commitments, the campaign will map the seafloor to interpret, identify, sample and analyse potential hydrocarbon seeps. Fugro’s modern 65-meter survey vessel, MV Fugro Brasilis, commenced the two-month mapping and interpretation portion in July 2015.

Technip awarded an important EPCI contract for the G1200 to develop the Starfish field in Trinidad and Tobago in the Caribbean. Technip wins a lump sum engineering, procurement, commissioning and installation (EPCI) contract with BG International Ltd (BG) for the development of the Starfish field. Located in the East Coast Marine Area, offshore Trinidad, the field lies at a water depth of approximately 130 meters and will be tied back to the existing Dolphin ‘A’ Platform operated by BG. Technip's operating center in Houston, Texas will perform the overall project management with detailed design being completed by Genesis, a wholly-owned Technip subsidiary. The umbilical will be manufactured by Technip’s Duco Inc.

Stolt Offshore S.A. announced today the award of a contract, valued at approximately $80 million, from BG International Limited for the installation of about 90km of 24-in. diameter gas transportation pipeline and an associated 12-in. diameter infield flowline and well control umbilical. The gas transportation pipeline will take gas from the Dolphin Platform off the East coast of Trinidad to the Beachfield onshore facility. Offshore installation will be in the second half of this year. Quinn Hébert, President, Stolt Offshore North Americas Region, said, "We welcome this contract award for pipelay work in Trinidad, an increasingly important market for us and one in which we are committed to maximise the local content of our projects wherever possible.

One of the greatest challenges facing a lender in the maritime industry is appropriate assessment of risk. In this exciting, varied and vibrant industry, a lender's effective risk assessment requires a thorough understanding of the vagaries that characterize the industry. Many of the companies have been in business for 100 years or more. They have a long family history associated with the sea that has charted their economic destiny for decades. Experience and expertise are the key factors in designing a successful strategy to serve the maritime market, which is made up of skilled professionals who know their business from A to Z. Vessel owners also are proud of their company history.

The 3,200 tonnes lift capacity Asian Hercules II returned to Norway in June to provide additional heavy lift assistance during the decommissioning of the Maureen platform. During March, the big sheerlegs lifted, transported and landed 11 Maureen platform modules at Aker Maritime's Stord facility over a two-week period. For the second visit, Asian Hercules II arrived at Stord on June 22. The scope of work involved three lifts, including a 600 tonnes conductor frame and two lattice frames, weighing 2,950 tonnes each. The latter will be the biggest single lifts ever executed by a SMIT sheerlegs. This breaks the December 2001 record, when Asian Hercules II lifted a 2,800 tonnes drilling module for ExxonMobil's Ringhorne platform.