Hurricane Michael Races Northeast, Leaving Devastation in Florida
Hurricane Michael, the third most powerful storm ever to strike the U.S. mainland, headed northeast on Thursday, weakened but still set to soak Georgia and the Carolinas after devastating the Florida Panhandle.By 6 AM on Thursday, heavy rain and wind had reached as far north as Charlotte, North Carolina and the Western North Carolina mountains. The center of the storm was located over Augusta, Georgia, moving north rapidly at more than 20 MPH in a north / northeast heading. Charlotte…
Damen Shipping Multiple Pontoons to Rotterdam
The SAL Heavy Lift vessel MV Lone loaded onboard a newly built batch of eleven Damen flat top Pontoons in Shanghai. MV Lone is bringing the pontoons to the Netherlands. The majority of the pontoons will be available quickly to Damen’s clients from stock. Two of the pontoons have been sold already to a client in the Netherlands. The pontoons have diverse applications in civil construction projects, fish farms, heavy lift, dredging and renewable energy operations amongst other things.
BSEE Launches Risk-Based Inspection Program
The Bureau of Safety and Environmental Enforcement (BSEE) this week announced the implementation of a new Risk-Based Inspection Program that employs a systematic framework to identify facilities and operations that exhibit a high-risk profile. The risk-based inspections supplement BSEE’s existing National Safety Inspection Program. The OCS Lands Act authorizes BSEE to conduct annual scheduled inspections and periodic unannounced inspections of all oil and gas operations. The new…
Group Ocean Orders Two Damen Workboats
Dutch based Damen Shipyards Group said it has signed a contract with Canada’s Group Ocean for the delivery of two new workboats that will provide dredging support services at an oil sands project in northern Canada. The new vessels, both Modular Multi Cats 1205, are made of standard, container-sized units that enable easy transport. The versatile Multi Cat workboat used in many sectors for operations such as towing and anchor-handling, dive support, marine engineering, offshore energy operations and for dredging and dredging support.
Corpus Christi: Energy Port of the Americas
The Port of Corpus Christi lives up to its moniker ‘Energy Port of the Americas,’ as the movement of energy in and out dominates the port’s history and future. John P. LaRue, Executive Director, Port Corpus Christi recently visited Maritime Reporter’s headquarters in New York to discuss the nearly $50 billion in investment projects driving the port forward. “Let’s just start with what we are and what we are not,” said LaRue. “We are not a container port. Up until a few years ago we were an oil import port (serving) three refineries: Citgo, Valero and Flint Hills Resources.
Maersk CEO: Listing of Energy Unit Most Likely
A. P. Moller-Maersk's Chief Executive Soren Skou sees a listing of the company's energy unit as the more likely option, he said in an interview with Bloomberg. He said that the company was still working on finding solutions for the energy unit and is looking at all options but that a stock exchange listing of the unit is probably "the more likely option". Skou replied "yes" when asked if a stock market listing looked as if it would make the most sense at the moment. Maersk, the world's biggest container shipper…
Maersk: Hamburg Süd Deal Will Compensate Energy Spin-Off Effects
Denmark’s A.P. Moller-Maersk expects the revenue generated through the recently acquired container carrier Hamburg Süd to compensate for around 60% of revenue loss after the spin-off of the company’s Energy division is completed, Sorens Skou, CEO of Maersk, was quoted by Reuters as saying. Maersk announced a major restructuring in September in which the family-owned group plans to focus on transport and logistics and separate its energy operations. The energy division, which includes exploration and production…
Container Shippers Raided in S.Africa over Suspected Collusion
Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said. The development comes as global container lines struggle in the worst-ever market conditions, caused by a glut of ships and slowing global trade, which has battered earnings and forced at least one out of business. The six companies raided comprise local subsidiaries of Denmark's Maersk…
Caterpillar: Further Division Consolidation
Caterpillar Inc. will combine two divisions dealing with power and energy, adding more detail to a restructuring announced last year, and plans to complete this by June 2016, the company said on Wednesday. Caterpillar announced a number of personnel and consolidations, as the company plows forward in an increasingly challenging energy market. Steve Niehaus, currently vice president with responsibility for the Electric Power Division (EPD), is retiring, and in the wake of Niehaus’ retirement…
US Forecaster sees El Nino Likely into N. Hemisphere Spring
A U.S. government weather forecaster on Thursday warned that much-watched El Nino conditions are likely to last another nine months, potentially roiling global crops and commodities prices. The National Weather Service's Climate Prediction Center projected a more than 90 percent chance that El Nino would continue through this winter and an 80 percent likelihood it would last into the Northern Hemisphere's early spring. Global forecasters have been heightening calls for a stronger and longer El Nino. Last month, the CPC extended its forecast, saying El Nino was likely to last through the winter. Across the contiguous United States, the effects of El Nino are likely to remain minimal through the summer and increase into the late fall and winter, the CPC said on Thursday.
Harnessing Offshore Wind Peaks in U.S.
For the US energy industry, 2014 will be remembered as the year when crude oil prices fell below 50$/bbl, resulting in significant realignments in the sector. Aside from the oil price collapse and the historic high of domestic natural gas production, several other energy records were set last year. Both solar and wind energy production reached an all-time high in the US, contributing to a record 9.8% of total primary energy supply. The US is ranked the second largest producer of wind energy.
Ithaca Energy Operations Update Ahead of Shareholders Meet
Ithaca Energy Provided its operations update ahead of today’s Shareholders Meeting. The details are as follows. The third development well on the Stella field, well 30/06a-B1X (“B1”), has been successfully drilled to a total measured depth subsea of 16,185 feet. A 2,147 foot gross horizontal reservoir section was drilled in the Palaeocene Andrew sandstone reservoir, within the targeted oil rim. The well intersected high quality sands across a net reservoir interval of 2,034 feet, equating to 95% net pay. This compares to 1,312 feet and 2,514 feet in Stella wells A1 and A2, respectively.
New Baton Rouge Deepwater Dock: Genesis to Invest US$150-Million
Genesis Energy, L.P. announce plans to invest approximately US$150-million to construct a new crude oil, intermediates and refined products import / export terminal in Baton Rouge, Louisiana (the Baton Rouge Terminal). The Baton Rouge Terminal will be located on approximately 90 acres of land near the Port of Greater Baton Rouge (the Port) and will be connected to the Port’s existing deepwater docks on the Mississippi River. The docks are capable of berthing vessels ranging from barges to Aframax class vessels.
Saltire Energy Invests £5M in Aberdeen
Saltire Energy has announced plans to expand its operations in Aberdeen following a £5 million investment in a 2.6-acre site in Badentoy, Portlethen. Planning permission has been secured for 4,650 sq. ft. of offices, a 12,500 sq. ft. warehouse and a 12,500 sq. ft. workshop on the new site with approximately 75,000 sq. ft. of additional open storage space. The company will retain its two existing facilities which are 10,500 sq. ft. and 22,550 sq. ft. on Badentoy Road in Portlethen and the warehouse space which the company currently leases in Tullos, Aberdeen will also move to Portlethen.
Inmarsat Forms Strategic Partnership With RigNet
Inmarsat plc, provider of global mobile satellite communications services, & RigNet, Inc. global provider of managed remote communications solutions to the oil and gas industry, agree a wide-ranging strategic transaction involving the appointment of RigNet to distribute Inmarsat’s Global Xpress and L-band services to the energy sector & the sale of Inmarsat’s retail energy business to RigNet. Under the terms of the agreement, RigNet will become a key Global Xpress distribution partner for the global energy sector and will offer Global Xpress and L-band services to RigNet’s growing customer base. In connection with the appointment, RigNet has entered into to a significant 4-year Global Xpress capacity pre-purchase.
Teledyne Completes Acquisition of RESON
Teledyne Technologies Incorporated announced today that it has completed the acquisition of RESON. RESON, headquartered in Slangerup, Denmark, provides high-resolution marine acoustic imaging and measurement solutions. The acquired company will operate under the name Teledyne RESON. Terms of the transaction were not disclosed. With more than 30 years of experience and approximately 1,400 RESON echosounders sold worldwide, RESON is a provider of multibeam sonar systems and specialty acoustic sensors for hydrography, global marine infrastructure and offshore energy operations.
Shell Hits Snags in Alaska Drilling
While much attention justifiably has been paid to the expansion of offshore energy operations in the Arctic, according to a Reuters report one of the pioneers, Shell, has hit a few snags in its long-anticipated exploration drilling in the Chukchi and Beaufort Seas. According to the news agency, heavier than expected ice in Arctic waters off Alaska will likely delay until August it exploration drilling, and according to a report in the July 11 edition of the Wall Street Journal the company is facing delays to get final approval from the U.S.
Vestas Sells Wind Turbine Tower Plant
Titan Wind Energy (Suzhou) Co., Ltd. is China’s largest global manufacturer of wind turbine towers and already a long standing supplier to leading turbine manufacturers including Vestas. The acquisition of the towers factory in Varde will establish Titan Wind Energy’s global manufacturing footprint in Europe, while also maintaining a vast majority of the approximately 120 jobs at the factory in Varde. • About 120 highly specialised ”greentech” jobs are maintained in Varde, Denmark. • The facility in Varde is ideally positioned to support the further globalisation of Titan Wind Energy’s operations. Going forward, both Titan Wind Energy and Vestas say they see a huge potential in the continued cooperation.
Secretary Salazar Appoints Bromwich, Beaudreau to Lead New DOI Bureaus
Secretary of the Interior Ken Salazar named current Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) Director Michael R. Bromwich to lead the newly formed Bureau of Safety and Environmental Enforcement (BSEE) and current BOEMRE Senior Advisor Tommy P. Beaudreau to lead the newly formed Bureau of Ocean Energy Management (BOEM). Bromwich and Beaudreau have both been highly involved in the creation of the two new bureaus, as well as the Department’s efforts to strengthen the oversight of offshore oil and gas exploration and development. BSEE and BOEM will be officially established on Oct. 1, 2011. Bromwich has agreed to serve as the BSEE Director until a permanent director is selected.
ABS Harsh Environment Technology Center Releases Study
The first comprehensive research study released from the ABS Harsh Environment Technology Center (HETC), based at Memorial University of Newfoundland (MUN), examines the challenges and management of water produced in association with energy operations in Arctic environments. Produced water represents the largest volume of waste from oil and gas operations and is associated with significant management costs. Professor Kelly Hawboldt of MUN and her research team explore the effects of produced water on the Arctic environment where cold temperatures, fragile ecosystems and unmanned operations pose unique challenges. The study titled “Review of Produced Water Management and Challenges in Harsh/Arctic Environments” examines produced water characteristics…
Neptune Renewable Energy Seeks Manufacturing Partner
Neptune Renewable Energy Ltd (NREL) - based in North Ferriby, East Yorkshire, England - announced that, following the successful completion of a series of in-water tests on the multi-million pound full-scale demonstrator of its world-leading Proteus NP1000 tidal stream power generator, it is now seeking a trade partner, which could be a shipyard or heavy engineering concern, who can demonstrate the capability to fabricate and build future production devices. Weighing more than 150 tonnes and 20 m in length with a beam of 14 m…
Salazar Announces Regs to Strengthen Drilling Safety
The Department of the Interior announced on Sept. 30 two new rules that will help improve drilling safety by strengthening requirements for safety equipment, well control systems, and blowout prevention practices on offshore oil and gas operations, and improve workplace safety by reducing the risk of human error. “These new rules and the aggressive reform agenda we have undertaken are raising the bar for the oil and gas industry’s safety and environmental practices on the Outer Continental Shelf,” said Secretary of the Interior Ken Salazar, who announced the rules today in a speech at the Woodrow Wilson International Center. “Under these new rules…
Salazar Visits GOM Rigs, Observes Inspections & Safety
Secretary of the Interior Ken Salazar visited three offshore drilling rigs in the Gulf of Mexico July 28, where he received updates on the improved inspection process and additional safety requirements for blowout preventers and well construction. “We are quickly and thoughtfully implementing safety reforms for offshore energy operations to ensure workers, communities, and the environment are protected as the nation develops its energy supplies,” said Salazar. “Today, we saw production activities and shallow water drilling operations that are implementing the new standards as they continue their operations. The Secretary was accompanied by Deputy Secretary David Hayes, Director of Bureau of Ocean Energy Management, Regulation and Enforcement (BOEM) Michael R.