Oceanteam, Bourbon Sell Construction Support Vessel
Oceanteam and Bourbon have signed a deal to sell their jointly owned construction support vessel Bourbon Oceanteam 101 to an unnamed buyer."The sellers and undisclosed buyers have entered into an NSF agreement for the sale of the vessel, the delivery of which will take place in July 2021," Oceanteam said.This is the joint venture's second recent offshore construction vessel sale, following the sale of its construction support vessel Southern Ocean to Boskalis, completed in late April.Keesjan Cordia, Oceanteam's Chairman of the Board said: "Following the sale of CSV Southern Ocean in April 2021 this sale is another significant and final milestone transitioning away from the conventional offshore shipping industry."The sale of the assets will relieve Oceanteam from its liabilities…
Brazil to Lead in Global FPSO Deployments
Brazil continues to drive global floating production storage and offloading vessels (FPSOs) deployment with 21 planned and announced FPSOs during the period 2019 to 2025, according to GlobalData.Brazil is expected to deploy a total of 11 planned and ten announced FPSOs by 2025. The crude oil production capacity of these upcoming FPSOs is expected to be 2.5 million barrels per day (mmbd) during the outlook period. In Brazil, FPSOs are being deployed to develop hydrocarbons in the Santos and Campos basins.Brazilian state-controlled oil, natural gas and energy giant Petroleo Brasileiro (Petrobras) is expected to deploy six planned and nine announced FPSOs by 2025.
Oceaneering Exercise Charter Options on DP2 CSV
Oceanteam Shipping ASA says that Oceaneering International, Inc. has exercised both one year options on the CSV 'Bourbon Oceanteam 101' up to February 2017. The vessel will continue its field support services for work offshore Angola on blocks 18 and 31. Upon delivery in December 2007, this DP2 Construction Support Vessel has been operating as a field support vessel with BP Angola for the company's Greater Plutonium Field development (in Block 18). The first of the standard design North Ocean 100 series is jointly owned by Oceanteam Shipping and Bourbon Offshore Norway. The ship is 125 meters at length with a 27 meter beam. Its excellent seafaring capabilities…
Odfjell Drilling in Tighter 2Q North Sea Market
Odfjell Drilling reports second quarter 2014 financial results showing a profit of US$29-million. Operating revenue for Q2 2014 was USD 272 million (USD 289 million), a decrease of USD 17 million, or 6 %. Operating revenue decreased due to reduced engineering- and well services activity in Norway and in UK, as well as loss of revenue contribution from the divested Mooring business line in the Well Services segment. The reduction in operating revenue is also explained by reduced income for Deepsea Atlantic due to the completion of the 5-year special periodic survey (SPS) in Q2 14, which was partly offset by increased financial utilization on the remaining MODU fleet this quarter compared to Q2 2013.
Offshore Service Provider's 'Excellent' 2012 Profits
UK's James Fisher & Sons plc announces its results for the year ended 31 December 2012. "James Fisher had an excellent year in 2012, demonstrating the continued success of our strategy to focus on niche marine services in high growth markets and trading to date has been in line with management expectations.
Technip Win Offshore Angola BP Contract
Technip wins important 5-year contract for engineering & modification services on FPSO units offshore Angola, SW Africa. The BP Angola contract is for work concerning the existing Greater Plutonio and Plutao, Saturno, Venus and Marte (PSVM) floating production storage and offloading (FPSO) units, located in Blocks 18 and 31 offshore Angola. This contract follows the successful completion of a previous five-year contract for engineering services for the Greater Plutonio FPSO. This new award covers two FPSOs and involves not only engineering, but also procurement and management of offshore and onshore construction activities. Technip’s operating center in Luanda, Angola will carry out the contract, which is scheduled for completion at the end of 2017.
Petrotechnics Opens Singapore Office
Petrotechnics, the global leader in transforming the efficiency and effectiveness of frontline operations in the oil and gas industry, has announced the opening of its new office in Singapore, a move that has the potential to present more than £150million ($250million) of new business opportunities. Petrotechnics has already secured a joint contract through its channel partnership with Ara Techbis, with Shell Sabah Petroleum Company (SSPC) awarding it the £150,000 ($250,000) project following a competitive tender process.
BP Angola Selects Kongsberg Simulator
(OTS). BP Angola is to receive the OTS and additional services to train its operational staff for its new Block 18 Greater Plutonio Development Project located in deepwater, offshore Angola. The OTS, a dynamic process model based on ASSETT (Advanced, Simulations, Studies, Engineering and Training Tool), has been custom designed to meet the requirements of the project. The ASSETT design meets the highest requirements of real-time process simulation systems and provides a realistic and safe simulation of varying processes for the project. A plant process model can be examined and modified, so that the desired process and control system can be achieved.
