Marine Link
Friday, December 14, 2018

Deepwater News

Georgia Ports On Track for 4.3 TEUs

Port of Savannah's Garden City Terminal. Pic: Georgia Ports Authority/Garden City Terminal

The Georgia Ports Authority is on track to reach 4.36 million twenty-foot equivalent container units handled in 2018, its highest volumes ever in a calendar year. The performance would mean an increase of 8 percent (312,385 TEUs) compared to CY2017.“Cargo expansion related to growth in inland markets, as well as increased demand right here in the U.S. Southeast have shifted the global logistics arena in Savannah’s favor, with more port users choosing to serve their customers via Georgia’s deepwater terminals…

AET Grows in Brazil

Eagle Paraiba. Photo: AET_Tankers

With the ongoing development of deepwater pre-salt plays and a decreased demand on local content in tankers and other vessels, Brazilian national operator Petrobras and other super-majors have been looking abroad for better rates and reliable operators of shuttle tankers. Claudio Paschoa, Maritime Reporter‚Äôs correspondent in Brazil spoke to Peter Liew, Global Director ‚Äď Mid Size Tankers, Crude Shipping, about AET Tankers‚Äô history and its operations in Brazil.AET (formerly American Eagle Tankers) was founded in Houston in 1994 primarily to conduct lightering operations in the Gulf of Mexico.

Transocean Closes Ocean Rig Acquisition

(File photo: Ocean Rig)

Switzerland-based offshore driller Transocean Ltd. announced Wednesday that it has completed the acquisition of Greek peer Ocean Rig UDW Inc.The $2.7 billion cash-and-stock deal adds nine high-specification ultra-deepwater drillships, two harsh environment semisubmersibles, and two high-specification ultra-deepwater drillships currently under construction to Transocean's existing fleet."We are excited to begin actively marketing these assets into the growing list of opportunities we continue to see emerging across our global customer base…

Transocean Shareholders OK Ocean Rig Acquisition

Image: Ocean Rig UDW

Transocean, international provider of offshore contract drilling services for oil and gas wells, has announced that its shareholders approved the acquisition of Ocean Rig UDW, by approving the proposals presented at Transocean’s Extraordinary General Meeting. Switzerland-based offshore drilling contractor quoted its President and CEO Jeremy Thigpen in a press release, as saying: "We are extremely pleased that our shareholders have overwhelmingly approved our acquisition of Ocean Rig.

Teledyne Bowtech Supplies Deepwater Lamps to Triton Submarines

Image: Teledyne Bowtech

Teledyne Bowtech, which specializes in the design and manufacturing of underwater vision systems, announced the supply of modified LED-V-Series deep water lamps for installation on board Triton submarines for the Five Deeps Expedition, a collaboration between investor and explorer Victor Vescovo of Caladan Oceanic, Triton Submarines and EYOS Expeditions.Teledyne Marine, which is is a collaboration of undersea technology product brands assembled by Teledyne Technologies, said in a press release that after three years of intensive efforts from some of the world’s leading oceanographers…

Designing for the Winds of Change

The advent of U.S. offshore wind also brings the need for the quality and quantity of built-for-purpose vessels needed to sustain its momentum.As the long-awaited advent of offshore wind finally arrives on this side of the big pond, one question which continues to dominate the conversation is where (and when) the fit-for-purpose tonnage necessary for this great leap forward will come from. Just as important, stakeholders need to have confidence in the availability of proven vessel concepts…

Work‚Äėbots‚Äô: Autonomous Vessels Arrive

Metal Shark: Metal Shark join forces with L3 ASV Global to introduce ‚ÄúSharktech‚ÄĚ 
Autonomous Vessels.

The near-shore and inland workboat fleet is at the leading edge for autonomous vessel developmentWhile the advent of autonomous workboats are not exactly mainstream, you better believe that in the not-too-distant future they will be a reality on waterways in and around the U.S. Today there remain more questions than answers, particularly on the legal, logistics and insurance side of the coin. But the technology is evolving at record pace, providing many in the industry with mixed emotions. Excitement. Controversy. Curiosity. Skepticism.

China to Develop Multi Billion Dollar Deep Sea Port In Myanmar

Photo by Xinhua

China and Myanmar are moving ahead with a China-backed deep-sea port project in Kyauk Phyu Special Economic Zone (SEZ) , 250 miles northwest of Yangon.The framework agreement was signed by Myanmar's Deputy Minister of Planning and Finance and Chairperson of the Management Committee of the Kyaukphyu SEZ U Set Aung and President of CITIC Group Chang Zhenming, stated Chinese state media.This is the third port in India’s vicinity. China is also developing deepwater strategic Gwadar port in Pakistan in the Arabian Sea which faces the Mumbai coast.

API Enhances Offshore Safety Standard

Image by ExxonMobil

The American Petroleum Institute (API) released its newest valve standard as part of the industry‚Äôs continuous efforts to improve operational safety and environmental protection.According to a release from the agency, the ‚ÄúSpecification 6A‚ÄĚ governs the design and operations of the critical safety valves at wells used in the offshore and onshore oil and gas industry. The latest edition includes new automatic closure requirements, to ensure additional protection for workers and‚Ķ

Ørsted Concludes Deepwater Wind Acquisition

Image: Deepwater Wind

Danish wind energy giant Orsted completed its previously announced takeover of Deepwater Wind from D.E. Shaw group in a deal valued at $510 million.The company closed the transaction of acquiring 100% of equity stake held by D.E. Shaw group in Deepwater Wind, which was announced in October this year, after securing approval from the US competition authorities.The new combined organization‚ÄĒØrsted US Offshore Wind‚ÄĒwill be able to deliver clean energy to every coastal state in the densely-populated east coast corridor between Massachusetts and Virginia.

Reach Charters Topaz Tiamat

(Photo: Topaz Energy and Marine)

Norwegian based Reach Subsea said it has entered an agreement with Dubai headquartered Topaz Energy and Marine to charter newbuild light subsea construction vessel Topaz Tiamat for 2.5 years, plus three one-year options.The Norwegian-built vessel will be deployed under a cooperation agreement between Reach and Sweden's MMT. The team has been awarded several frame agreements for survey; inspection, maintenance and repair; and light construction within the oil and gas and renewable sector over the last year.Reach said the commercial terms of the charter agreement are confidential…

Decommissioning Gets into Deep Water in GoM

(Credit: LOC)

LOC Group‚Äôs Houston office provides perspective on decommissioning developments in the Gulf of Mexico.The Gulf of Mexico basin covers approximately 1.6 million km2 and is one of the most important petroleum production regions in the world. A significant portion of the area is shallow continental shelf waters. These areas were developed first by oil companies, with deeper water development only being undertaken once the ‚Äėeasier‚Äô sites had been exploited. Many years on, numerous‚Ķ

Orsted's Offshore Wind Power Profits Breeze Ahead

Image: Orsted

Danish wind power giant Orsted sees surge in earnings from offshore wind, driving interim profits up 14 percent and earnings up 32 percent  for the first nine months of 2018.The world‚Äôs largest wind farm operator, formerly known as Dong Energy said that the positive results are due to its transition to a 100 percent green power business and with its third quarter financial results revealing a surge in earnings from offshore wind and a jump in its green share of generation. "Our green share of generation increased from 59% to 71%‚Ķ

Kleven Delivers Anchor Handler for Maersk

(Photo: Olav Thokle Fotomaritim / Kleven)

Nowegian shipbuilder Kleven has delivered the fifth vessel in a series of six anchor handlers for Maersk Supply Service A/S.Built for deepwater operations, Mærsk Mobiliser of the so-called Starfish series is equipped with a range of innovative features, the builder said. The vessel is of Salt 200 design and has an open deck space of more than 800m2, with an additional covered deck space of 102m2. It is equipped with a 450-metric-ton anchor handling winch housed in an enclosed garage to protect the crew and the equipment in harsh conditions.

Rowan Reliance Awarded Fieldwood Contract

© Bernt Christian Egeland / MarineTraffic.com

Offshore drilling contractor Rowan Companies plc announced Monday that its drillship Rowan Reliance has been awarded a contract in the U.S. Gulf of Mexico by Fieldwood Energy LLC.The contract is for a firm term of one year plus three 90-day options, and is expected to commence the first quarter of 2019. The R-Class ultra-deepwater Rowan Reliance is currently warm stacked offshore Louisiana in the U.S. Gulf of Mexico.Tom Burke, Rowan's president and CEO, said, "We are excited to continue our long-standing relationship with Fieldwood…

Port of Savannah Container Trade up 12 Percent

Pic: Georgia Ports Authority

The Georgia Ports Authority achieved a 12 percent increase in containerized trade at the Port of Savannah in September, along with a 37.6 percent increase in roll-on/roll-off trade at the Port of Brunswick.‚ÄúThe impressive volumes moving through our deepwater terminals are related to our customers building inventory for the peak buying season,‚ÄĚ said GPA Executive Director Griff Lynch. ‚ÄúWe anticipate year-on-year growth to continue as we‚Äôre trending toward a strong fourth quarter of the calendar year.‚ÄĚMarking 23 consecutive months of growth‚Ķ

ABS Awards AIP to HHI’s Deepwater FLNG Hull

Newbuilding Conversion FLNG design to deliver significant cost savings. Image: ABS

ABS granted Approval in Principle (AIP) to Hyundai Heavy Industries’ (HHI) Deepwater Floating Liquefied Natural Gas (FLNG) hull design.HHI advises the Newbuilding Conversion FLNG hull design for offshore application can be constructed for about 80 percent less than the cost of a conventional FLNG hull. It is based on LNG carrier designs combined with the requirements for FLNG production, such as structural reinforcements to take topside module load and a hull designed to allow…

HHI to Build FPS for LLOG Exploration

Image: Hyundai Heavy Industries

South Korean shipbuilder Hyundai Heavy Industries (HHI) has been awarded a contract to build a floating production system(FPS) for LLOG Exploration of the U.S..HHI, the world's biggest shipbuilder by orders, said in a stock exchange announcement that the offshore facility order is worth $454 million from the Louisiana-based, privately-held LLOG Exploration.The floating production storage and offloading unit would be constructed from August next year after a year-long design for completion and delivery in the first half of 2021.LLOG Exploration Company…

USCG Conducts Successful Oil Spill Test Burn

In-situ test burn in progress with members of the fire safety team, Mike Hering and MK1 Darrel Boyles, on watch. September 19, 2018, on Little Sand Island (Photo: Coast Guard Auxiliarist Sarah Canatsey)

The U.S. Coast Guard Research and Development Center (RDC) conducted a successful test burn of oil using the purpose-built burn pan on Little Sand Island in Mobile Bay, Ala. during the week of September 17, 2018.Controlled, pre-planned burns conducted using the Joint Maritime Test Facility allow researchers to gather critical data to help oil spill responders determine best practices for operational use of in-situ burning, develop new equipment with procedures, and to refine training…

Subsea 7, OneSubsea Bag Gulf of Mexico Contract

Image: Subsea 7

Offshore oil services firm Subsea 7 has announced the award of a sizeable contract by Fieldwood Energy to Subsea Integration Alliance, a global partnership between Subsea 7 and OneSubsea, a Schlumberger company.The award is for the deepwater Katmai field development in the US Gulf of Mexico’s Green Canyon 40, said a press release from the company.This supplier-led integrated subsea development solution, combines OneSubsea’s subsea production systems (SPS) and Subsea 7’s subsea umbilicals…

Petrobras Extends Transocean Contract

Image: Transocean

The  international provider of offshore contract drilling services for oil and gas wells Transocean announced that the ultra-deepwater drillship Petrobras 10000 was awarded a 790-day contract extension offshore Brazil with Petrobras.The contract is extended through October 2021 and includes a blend and extend modification to the previous contract dayrate, effective September 2018. The additional net contract backlog is approximately $185 million, including cost escalations.Additionally‚Ķ

KNOT Concludes TC Contract for Two Shuttle Tankers

Image: Knutsen OAS shipping

Norway-headquartered Knutsen NYK Offshore Tankers (KNOT) has concluded a time-charter contract for two shuttle tankers with Equinor ASA for a maximum 20-year period starting in the second quarter of 2020.KNOT is a NYK Group company, in which NYK has a 50 percent share.The contract aims to use two 152,000 DWT Suezmax tankers equipped with dynamic-positioning systems built by Hyundai Heavy Industries Co. Ltd. to shuttle crude oil produced in waters off Brazil.Upon commencement of this contract…

Smarter Energy Policy Will Broaden Offshore Recovery

For the past few years, depressed commodity prices, stricter regulatory requirements and competition from onshore development at home and from other countries offering attractive offshore lease and royalty terms have had severe impacts on new exploration in the U.S. Gulf of Mexico. Thankfully, the tide appears to finally be turning.In August, Gulf of Mexico Lease Sale 251 drew increased competition for offerings and $178 million in high bids, $53 million more than previous sale held in March.

Maritime Reporter Magazine Cover Dec 2018 - Great Ships of 2018

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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