Marine Link
Tuesday, August 14, 2018

Energy Sector News

Damen Shows New Class of Fish Farm Vessels

The open day at UV 4312 Fish Farm Support Vessel  (Photo: Damen Shipyards)

Damen has held the first viewing of its UV 4312 Fish Farm Support Vessel. The new class is the result of extensive discussions with the global fish farming industry and the result is a versatile vessel specifically designed to undertake the maintenance and support tasks particular to saltwater fish farms. The open day took place at the group’s headquarters at Damen Shipyards Gorinchem and was held for the benefit of operators from across the global sector. The 43-meter, 499 metric ton GT Utility Vessel (UV) 4312 builds on the development work that went into its smaller predecessor…

Shipping Tycoon Livanos Tied to New Investment Firm

Former senior Goldman Sachs and HSBC banker Matthew Westerman is launching a private investment firm alongside a former colleague and a Greek shipping tycoon, he said on Friday.Westerman will partner his former Goldman Sachs colleague Julian Metherell and Peter Livanos, who owns Greek shipping company Ceres Hellenic, in a new firm called MW&L Capital Partners.The trio will invest in small-to-medium sized targets based on knowledge built up in their respective careers covering financial services, oil and gas, and shipping, Westerman said."We think there is a gap in the market for long-term capital; ours is not '5 year fund money' so we don't have money burning a hole in our pockets and we can afford to be flexible and supportive of management when we see an opportunity…

Liebherr Bags Order to Deliver Heavy Lift Crane

OHT’s new installation vessel with a Liebherr heavy lift crane, type HLC 150000. Photo: Liebherr worldwide

Switzerland based Liebherr Group together with the Norwegian companies OHT, Ulstein Design & Solution BV, DNV-GL as well as Chinese shipyard CMHI are working to manufacture a unique vessel for applications in the wind energy sector, decommissioning, the installation of offshore platforms and for heavy-duty transports. CMHI, a well known manufacturer of offshore equipment and large vessels, is going to build the 216.3 meter long ship at its dockyard in Haimen on behalf of the heavy transport vessel operator, OHT.

EnBW, Trident Winds JV for Offshore Wind Project in California

Photo: Trident Winds Inc

EnBW Energie Baden-Württemberg AG is continuing its strategy of capturing growth in new international markets in the renewable energy sector. Following its recent entry into Taiwan, EnBW has now expanded its activities to the United States of America by establishing a regional subsidiary, EnBW North America, and forming a joint venture with Trident Winds Inc. to develop an offshore wind project off the coast of in Central California. This represents the EnBW Groups first step toward tapping into the high potential of the American market.

LNG to Benefit Philippines, Says ADB Energy Expert

Philippine President Rodrigo Duterte. Photo: PNA

The Philippines stands to benefit from introducing liquefied natural gas (LNG) to support power generation and making it part of its energy mix, the government's Philippine News Agency reported quoting  an energy sector expert for the Asian Development Bank (ADB). “Right now and the foreseeable future, natural gas and LNG is much cheaper today compared to two to three years ago, so there is a chance for the Philippines and for the countries in Asia to benefit from LNG and this is window of opportunity I think,” ADB chief of energy sector group Dr.

Innovation Starts @ Marine Hub Cornwall

Matt Hodson. Photo: Marine Hub Cornwall

Marine Hub Cornwall are on a mission to showcase the UK’s southwest coast as a world class center for marine technology and innovation. Working alongside Invest in Cornwall, which manages inward investment into the region, Marine Hub’s Operations Director, Matt Hodson, explains why he believes Cornwall is best positioned to be a global hub for the marine renewable industry.To kick off, can you give the readers a brief overview of your experience and what led you to become the…

Cudós Tapped to Lead Engineering and Construction for SENER

SENER  appointed Jorge Sendagorta CudĂłs to be head of the Engineering and Construction area. Photo: Sener

SENER  appointed Jorge Sendagorta Cudós to be head of the Engineering and Construction area. He was, until now, the country manager of SENER in Mexico. SENER's Engineering and Construction area, which will be managed by Cudós, comprises three Business Units: Infrastructure and Transport; Renewables, Power, Oil & Gas; and Marine. It has branches in Algeria, Argentina, Brazil, Canada, Colombia, South Korea, Chile, China, United Arab Emirates, Spain, USA, Morocco, Mexico, Portugal, UK, and South Africa.Cudós joined SENER in October 2012 in the energy sector.

Mooring Installation Highlights Thordon's Range

Photo: Thordon Bearings

The bearing installations to two Calm Buoys operating offshore Libya are indicative of the wide-range of applications Thordon’s environmentally-safe bearing systems have outside the company’s traditional maritime market.A total of 48 bearings and bushings were supplied in 2014 for installation to the chain stoppers of Monobuoy’s 400t turntable Calm Buoys, a single point mooring system designed to allow oil tankers to load and offload cargoes offshore, without having to berth alongside the refinery.

Rosneft and GNPC Arrange LNG Supply to Ghana

Poto: Rosneft

Rosneft and the Ghana National Petroleum Corporation (GNPC) signed the package of documents assuming the delivery to the port of Tema (Ghana) over 12 years of the liquefied natural gas (LNG) in the volume of ca. 1.7 mmtpa (or 250 mln standard cubic feet per day), its regasification using the processing capacities of Tema terminal in order to subsequently supply the natural gas to GNPC. The obligations of the parties arising from the above documents will come into effect once they are approved by the Boards of Directors of the parties.

Rosneft, PDVSA Sign New Oil and Gas Agreements

Photo: PDVSA

President of the Republic, Nicolás Maduro, held a meeting with CEO of Rosneft, Igor Sechin, to bolster the joint work between Venezuela and Russia and sign new agreements on gas exploration and exploitation. People’s Minister of Petroleum and President of Petróleos de Venezuela, S.A., Manuel Quevedo, along with PDVSA Executive Vice President and Vice President of Trade and Supply, Ysmel Serrano; People’s Minister of Finance, Simón Zerpa; Sectoral Vice President of Economy, Wilmer Castro Soteldo, and a high level delegation of Rosneft also participated in the meeting.

Shipyard Contract Cancelled

Illustration of UT 777. (Copyright Rolls-Royce Marine AS)

Ongoing uncertainty in the global offshore energy sector has claimed another casualty, as Kawasaki Heavy Industries announced that it has terminated -- in agreement with Island Navigator I KS -- the shipbuilding contract for the top hole drilling/light well intervention vessel, Island Navigator. A number of factors were cited in the decision to cease the construction, including difficulties in the engineering process and increased material costs since the signing of the contract…

Iran Oil Production, Exports Not Impacted by Protests

© Igor Groshev / Adobe Stock

Iran's crude oil production and exports have not been impacted by the unrest spreading across the country, Iranian oil and shipping sources said on Tuesday, as a crackdown intensified against anti-government demonstrations that began last week. Iran, OPEC's third-biggest oil producer, pumps around 3.8 million barrels per day. "I see no impact on the production and export," one Iranian oil industry source said, speaking on condition of anonymity. "Everything is going normally," another source said, adding that the protests had not spread into the energy sector and "remained in the streets".

Maersk Supply Service Wins Contract With Quadrant Energy

Photo: Maersk Supply Service

Maersk Master and Maersk Mariner, Maersk Supply Service’s two first Starfish-class anchor handling vessels built in 2017, will be on contract with Quadrant Energy in Western Australia, commencing March 2018. Both vessels will support Quadrant Energy’s Phoenix South and Van Gogh drilling campaign which will initially cover three wells for a duration of 150 to 200 days. The highly modern and efficient vessels will be supporting Transocean’s semi-submersible rig DD1 with supply and anchor handling duties throughout the campaign. “Quadrant Energy is an important customer.

Inmarsat Adapts Fleet Xpress for OSVs

© J G Ray / Adobe Stock

Inmarsat said it has launched a new set of Fleet Xpress plans designed specifically to meet the technical and commercial requirements of offshore support vessels (OSVs). According to Inmarsat , the new plan exploits high-speed connections and guaranteed performance to offer vessel operators levels of flexibility that are naturally suited to the demanding requirements of a high-end sector such as offshore support. As connectivity needs on board OSVs change frequently and swings in data usage are likely to be more pronounced than for conventional cargo ships…

Maersk, Statoil and OECD to Discuss Future Ocean Development

Photo: Nor-Shipping

Key figures from Maersk Group, Statoil and the Organization for Economic Co-operation and Development have signed up to discuss future ocean business opportunities, demands and strategies at Opening Oceans Conference 2018 (OOC). The event, Nor-Shipping’s first outside its Norwegian home, will see c-level executives gather in Copenhagen on May 2nd and 3rd  to examine how to responsibly realise the huge potential of the ocean, gaining the understanding, partners and tools to equip businesses for the way ahead.

Mexico's Oil Reform a Boon for Hard-hit Oil Service, Seismic Firms

© flyingrussian / Adobe Stock

Oil service and mapping firms still emerging from an industry recession have received a boost from about $800 million of data sales to energy firms considering bidding for Mexican oil and gas blocks. Mexico will on Wednesday hold its most important auction since a 2013 reform ended the 75-year monopoly on the energy sector held by state-run oil firm Pemex. The government of President Enrique Pena Nieto hopes the deepwater sale will attract tens of billions of dollars of investment to turnaround a slump in the country's oil output. Seven previous auctions drew investment pledges of $61 billion.

BP, Kosmos Move Closer to Senegal and Mauritania Offshore Project

BP and Kosmos Energy have moved closer to approving development of the Tortue natural gas field offshore Mauritania and Senegal after the two West African countries agreed to split production from the cross-border field. Kosmos said on Monday it expected to make a final investment decision (FID) on the project in 2018, with first gas expected in 2021. BP had previously indicated it expected to reach an FID on the project towards the end of this year. The Greater Tortue Complex, which straddles the maritime boundaries of the two countries, is estimated to hold more than 25 trillion cubic feet of gas. The production is expected to be exported via a liquefied natural gas (LNG) facility.

MISC Profit Plunges

LNG Vessel - Seri Alam. Photo: MISC Berhad

Malaysia International Shipping Corporation Berhad (MISC)'s net profit plunged 87.1% to RM 68.2 million (USD 17.36 mln) for the fourth quarter ended December 31, 2017 compared with RM 529.8 million (USD 134.88 mln) in the previous corresponding period. MISC said the oversupply of tonnage and cut in global oil production by OPEC in 2017 will continue to weigh on the petroleum shipping segment in 2018. However, a smaller order book for tankers and robust oil demand projections amidst declining global crude inventory will help improve tanker supply-demand balance.

Statoil to Rebrand as Equinor

Dudgeon offshore wind farm (Photo: Ole Jørgen Bratland / Statoil)

Rebranding would cost up to $32.5 mln but firm plans to ramp up renewables investment. Norway's Statoil plans to change its name to Equinor, reflecting its commitment to become a broad energy company rather than one focused only on oil, it said on Thursday. In a video posted on social media, Statoil presented the switch as a way to show its determination to develop investments in renewable energy. Reactions by various social media users were mixed. "Equinor sounds like a princess on a horse in Game of Thrones," one Twitter user said. "Equi" is the genitive singular in Latin for "horse".

Partners Eye Autonomous Vessel Technology for UK Ports

Photo: Peel Ports

Peel Ports Group and ASV Global (ASV) have launched a partnership which will develop the use of autonomous vessel technology for U.K. port operations.The partnership kick-started with a visit from ASV’s team to the Port of Liverpool, to demonstrate the C-Cat-3, an autonomous vessel ideal for shallow survey operations.The C-Cat 3 operated in Brocklebank Dock carrying out seabed survey using a Norbit iWBMS multibeam echo sounder.The successful demonstration has led Peel Ports Group…

OutSmart, Kongsberg Join Forces on Wind Energy

New management solution based on the Kognifai digital platform and ecosystem will be available for more than 400 European wind energy assets Photo  Kongsberg Digital

Independent wind asset operations management specialist OutSmart BV has selected Kongsberg Digital AS to provide an integrated management system on the innovative Kognifai digital platform and ecosystem. The sophisticated digital solution will be used to manage OutSmart’s extensive onshore and offshore wind turbine portfolio. OutSmart provides services to wind farm owners, fund managers, and wind project companies in Northwestern Europe to maximize the revenues of their wind assets.

Guest Promoted to CEO at Harland and Wolff

Harland and Wolff’s retiring CEO Robert J Cooper shakes hands with his successor Jonathan Guest (Photo: Harland and Wolff)

Jonathan Guest has been tapped to succeed Robert J Cooper as chief executive officer of Belfast shipyard Harland and Wolff Group PLC and Harland and Wolff Heavy Industries Limited.Guest, the company’s current director of business development and improvement, will step into the chief executive role on May 1 to replace Cooper who is retiring after more than four decades with the company.Guest has worked for 23 years as a professional engineer and executive director in a range of industries including marine…

Heavy Lift: Boka Vanguard to Ship 90,000-ton FPSO

The BOKA Vanguard Photo Boskalis

Boskalis' mega lift ship Boka Vanguard -- the world's largest semi-submersible heavy lift vessel -- is preparing to load a truly enormous cargo: a 90,000-ton floating production, storage and offloading (FPSO) platform.The FPSO is equivalent to the weight of approximately 300 Boeing 747s, making this the heaviest cargo ever to be transported by a semi-submersible heavy lift ship, according to Boskalis.Until recently, the Boka Vanguard was known as the Dockwise Vanguard. Boskalis acquired Dockwise in 2013…

Maritime Reporter Magazine Cover Aug 2018 - The Shipyard Edition

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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