BP Expects 90% Compliance for Marine SOx Emissions Caps
Oil major BP Plc expects more than 90 percent of the world's shipping fleet will comply with new regulations slashing sulfur levels ships are allowed to burn starting 2020, a company executive said on Tuesday. Coming International Maritime Organization (IMO) rules will cut the amount of sulfur emissions that ships worldwide are allowed from 3.5 percent to 0.5 percent by 2020. "Potential non-compliance is a significant issue that the market has been contending with," Jason Breslaw, who leads BP's distillate trading origination across the Americas, said at an industry conference in New Orleans.
Qatar Commits to $13 billion LNG Project
Persian Gulf emirate Qatar will invest about $13 billion to boost liquid natural gas production by 40 percent, according to a Monsters and Critics report. Qatar Petroleum and ExxonMobil Corp. jointly formed Ras Laffan Liquefied Natural Gas Co., or RasGas, to supply a soon-to-be built LNG re-gasification terminal on the U.S. Gulf of Mexico coast. Recently, RasGas let contracts for an expansion of Ras Laffan Industrial City facilities that will process natural gas from Qatar`s giant North Field, according to the report. Among those contracts is one awarded to Fluor Corp. for engineering, procurement and construction management in the building of six LNG trains. The Fluor contract has a potential value of about $1 billion. Source: Monsters and Critics
NNS Appoints John Temple V-P at SRNS
Newport News Shipbuilding (NNS) appoints John Temple as Vice President of Contracts Management for Savannah River Nuclear Solutions (SRNS). Huntington Ingalls Industries (NYSE:HII ) announce that John Temple has been promoted to vice president of contracts management for Savannah River Nuclear Solutions (SRNS) – a joint partnership between Newport News Shipbuilding, Fluor Corp. and Honeywell that manages operations of the Department of Energy's Savannah River Site in Aiken, S.C.
Fluor Wins Offshore Philippines EPC Contract
Fluor Offshore Solutions gains engineering, procurement and construction (EPC) support contract for Malampaya deep-water gas-to-power project. The project is being undertaken on behalf of the Philippine Government by the Service Contract 38 consortium composed of Shell Philippines Exploration B.V. (Operator), Chevron Malampaya LLC and Philippine National Oil Company—Exploration Corporation. This landmark project is among the most significant in the Philippines. Approximately 40 percent of the power for the main island of Luzon is generated by power plants using Malampaya gas. Malampaya Phase 3 involves the design, fabrication and installation of a new depletion compression platform that is linked by a bridge to the existing shallow water platform.
MarAd to Present Shipper Award
MarAd Administration will present the Shipper Award to the Fluor Corporation of Aliso Viejo, Calif, for their continuing support of the United States Merchant Marine. Acting Deputy Maritime Administrator Julie Nelson will present the award in a ceremony hosted by the Propeller Club of the United States at the Washington Navy Yard. Fluor has moved more than 32,000 metric tons of Iraq reconstruction cargoes and maintained a continuous supply chain through Iraqi ports.
Global, Flour Agreement, Middle East
Global Industries, Ltd. (NASDAQ:GLBL) announced today that it has entered into an exclusive agreement with Fluor Offshore Solutions, a division of Fluor Corporation (NYSE:FLR), to pursue offshore projects in the Middle East and North Africa (MENA) region. The exclusive agreement, which will build on the combined 60 years of offshore experience of both companies, will jointly market and perform offshore construction projects for the oil and gas industry within the MENA region. The agreement will leverage the depth of Engineering, Project Management, Procurement and Installation processes to focus on both EPIC and traditional Transportation and Installation solutions. Global will be utilizing its extensive vessel fleet and significant offshore experience.
Technip & Fluor Bag RAPID UIO Project
Technip, in a joint venture with Fluor, was awarded an engineering, procurement and construction management contract by PRPC Utilities and Facilities Sdn. Bhd. for the PETRONAS Refinery and Petrochemical Integrated Development (RAPID) project located in the state of Johor, Malaysia. Under this contract, the Fluor and Technip joint venture will be responsible for the utilities, interconnecting and offsites (UIO) scope of work. PRPC Utilities and Facilities Sdn. Bhd. is a subsidiary of PETRONAS Refinery and Petrochemical Corporation Sdn. Bhd.
SembCorp Industries Looks To Become A Global Contender
Diversified SembCorp Industries Ltd., fresh from sales of key non-core assets, is hunting for foreign partners in its bid to become a global contender in its core businesses, President Wong Kok Siew said. Already Asia's largest shipyard operator, SembCorp is confident about meeting its internal target of not less than 20 percent growth in net profit per annum and has set its sights beyond Asia. "With the major divestments of non-core over, our game plan is simple -- to grow the group as we move forward," Wong, who is also the group's chief executive, said. The year-old entity of government-owned Singapore Technologies Industrial Corp and Sembawang Corp has made estimated proceeds of $340.5 million from its non-core asset sales so far this year.
Exxon Mobil buys LNG to Chill Papua New Guinea Project
ExxonMobil Corp has bought a liquefied natural gas (LNG) cargo to keep its Papua New Guinea plant cold after a powerful earthquake triggered a production halt last month, several trade sources said on Monday. The cool-down cargo could be a first step toward restarting LNG production at the facility ahead of schedule or it may simply be needed to maintain operational readiness, traders said. Stopping the liquefaction process which condenses gas into a liquid at minus 162 degrees Celsius causes LNG plants to warm up…
Newport News Shipbuilding Opens S.C. Office
Huntington Ingalls Industries (NYSE:HII) announce that its Newport News Shipbuilding (NNS) division has opened a field office in Aiken, S.C., as part of its continuing efforts to expand the company's business in the Department of Energy and commercial energy markets. NNS leadership joined community leaders to officially open the office with a ribbon-cutting event (see photo). HII explain that the Aiken office will provide a location from which NNS will manage jobs currently under contract in the area and pursue additional opportunities in the energy industry.
Jumbo Offshore Completes Wind Farm Project
Jumbo Offshore has completed its TP-installation project for the Greater Gabbard Offshore Wind Farm (GGOWF), off the UK’s south-east coast. For client Fluor, Jumbo’s DP2 Heavy Lift Vessel Jumbo Javelin installed 131 TP’s (out of 140 in the field) with a record-breaking installation speed of more than one TP per day. The job included leveling and grouting operations and was done without any serious accidents or incidents. This is the first time that TP’s have been transported and installed using a free floating vessel on Dynamic Position.
WWII Mine Disposed of at Site of World’s Largest Offshore Windfarm
Explosive Ordnance Disposal (EOD) specialist Ramora UK (www.ramorauk.com) reports that it has safely disposed of an unexploded World War II mine onsite at one of the world’s largest offshore windfarm. The four-man Ramora UK team used a Remotely Operated Vehicle (ROV) to place a countermining charge next to the 1,500lb (680kg) mine which had been assessed as high-risk due to damage previously sustained to it. Throughout the procedure a 1,500m safety zone was maintained to protect other vessels in the area.
Korea Lines orders two VLCCs at Hyundai Heavy
South Korean shipping firm Korea Line Corporation (KLC) has placed an order for two new very large crude carriers(VLCC) at country's biggest yard, Hyundai Heavy Industries (HHI), and the company will explore further collaborations with the country's shipbuilders. According to Yonhap news agency, the new VLCCs are expected to have been delivered by the 2020. The total amount of the agreement will amount at 185.6 billion won (US$173 million). The carriers, which can hold 300,000 tons of crude oil each…
US Confirms Duties on China's Refrigerant Imports
The U.S. Department of Commerce confirmed steep duties on imports of refrigerant gas from China on Wednesday, saying the goods were sold too cheaply in the United States and were produced using Chinese government subsidies. Final duties on the gas known as 1,1,1,2-tetrafluoroethane, used in air conditioning systems, will range from 282.54 percent to 303.42 percent, taking both anti-dumping and anti-subsidy duties into account, according to a statement from Commerce. Companies affected include Jiangsu Bluestar Green Technology Co, Shandong Dongyue Chemical Co Ltd, T.T. International Co and Zhejiang Sanmei Chemical Industry Co Ltd . The complaint was lodged by Mexichem Fluor Inc, a subsidiary of Mexico's Mexichem. The duties are subject to a final decision by the U.S.
Fluor, Cost Increase on Offshore Wind Project Impacts Q3
Fluor Corporation announced that its third quarter results will include a charge of approximately $163m, or $0.90 per share, for estimated cost increases on the Greater Gabbard Offshore Wind Project. During the third quarter, the project experienced a variety of execution challenges, including material and equipment delivery issues, primarily relating to the installation of wind turbine generators and subsea cabling. Following an evaluation of third quarter events, the company has revised estimates to include substantial costs for additional marine vessels and other subcontractor costs associated with equipment installation, equipment repairs and the estimated schedule impact which has been exacerbated by weather-related delays.
Lockheed Martin Wins $481 Mln US Defense Contract
Lockheed Martin Corp is being awarded a $481 million U.S. defense contract in support of the construction of four Multi-Mission Surface Combatant ships, the Pentagon said on Monday. (Reporting by Eric Beech; Editing by Tim Ahmann)
International Trade and Transportation to Dominate Containerization & Intermodal Seminar
Has the Panama Canal expansion already outgrown itself? How does the success or failure of the administration's export initiative impact your bottom line? Breakbulk is flourishing; what does that mean to your business? These questions and other hot topics will be the focal point of the Containerization & Intermodal Institute's one-day seminar in Houston on June 20th at the Houston Marriott North. The program will commence with lunch at 11:30 a.m. and will be followed by two panels, adjourning at 5 p.m. Michael Masserman, Executive Director for Export Policy, Promotion & Strategy, International Trade Administration, U.S. Department of Commerce, is the luncheon speaker.
Second Tanker Waits to Load Oil at Libya's Reopened Port
A second tanker is waiting to load oil at Libya's Es Sider port, state-run National Oil Corp (NOC) said on Thursday, as the country's biggest crude export terminal swung back into action after being closed for a year. The OPEC member's oil production has risen in the past few weeks as major ports in the east have resumed work under a deal with a group of federalist rebels, adding to a crude market that is already well supplied. A first tanker has been loading oil at Es Sider since Wednesday but a second had already arrived, NOC spokesman Mohamed El Harari said. Technical problems and mistrust between the rebels campaigning for regional autonomy and the government had delayed implementing an oil port deal but output has risen to 562,000 barrels per day (bpd), NOC said on Tuesday.
First LNG Export Cargo Departs Cove Point LNG
The Gemmata liquefied natural gas tanker left Dominion Energy Inc's Cove Point LNG export facility in Maryland early Friday, likely carrying the first export cargo from the facility that was expected to enter service in March, according to Reuters shipping data and energy traders. Officials at Dominion were not immediately available for comment. When the Gemmata docked at Cove Point earlier this week, analysts said it would likely be the first vessel to pick up fuel from the facility since the tanker came from Spain - a non-LNG exporting country - with less than a full cargo.
Shipyard Group Eyes Expansion
A group of domestic shipyard operators belonging to the Metro Manila Shipyard Association, Inc. (MMSAI) is eyeing this premier Freeport zone as the site for its future expansion program to accommodate the growing fleet requirements of the local shipping industry, the Daily Tribune said. MMSAI president Edison Sy of Asian Slipways Corp. said that the existing ship repair and shipbuilding facilities being operated by its members along the Navotas-Malabon river system could no longer accommodate its expansion program and the Subic Freeport is the most viable site for this purpose. The MMSAI which conducted site inspection here was headed by its president Edison Sy of Asian Slipway Corp.…
OMM Completes Cable Work at Greater Gabbard
Offshore Marine Management (OMM) has completed a contract with Fluor for the installation of 36 inter-array cables at the Greater Gabbard wind farm. Originally contracted to install 29 cables, the remit of OMM’s work was expanded during the course of the project to encompass provision of a full range of installation services for 36 inter-array cables, including front end pre-engineering support, installation and the delivery of a final report using in-house survey capabilities. Work was completed using the 122m vessel Deep Cygnus. Greater Gabbard is a 504MW offshore wind farm, located 25 kilometres off the Suffolk coast. OMM’s Managing Director, Rob Grimmond said: “I’m delighted to announce the project’s successful completion.
Draka’s New Arctic Grade Offshore Cables
Draka announced the new Arctic Grade cable which meets all cold bend and cold impact certifications required to operate in extremely cold climates. “With more than 25% of the globally un-discovered hydrocarbons located in the arctic region we felt it was necessary to provide the technology our customer need to expand their exploration programs,” stated Eivind Nesset, global innovations leader for Draka. Under the IEC guidelines, the new Arctic Grade cables are also flame retardant and flame resistant and come in a broad range of availability from 250V up to 30kVdepending upon customer requirements for power, instrumentation or control cable needs. These cables have been type tested according to relevant IEC and NEK606 specifications.
Johnson President, CEO J. Ray McDermott
J. Ray McDermott, S.A. (J. Ray) announced the appointment of Stephen M. Johnson as President and Chief Executive Officer of J. Ray, effective January 1, 2010. Johnson is the current President and Chief Operating Officer of McDermott International, Inc. (McDermott), J. Ray’s parent company. He succeeds Robert A. Deason, who, as previously announced, will retire at the end of the year. Separately, McDermott announced that it plans to separate its operating subsidiaries, The Babcock & Wilcox Company (B&W) and J. Ray, into two independent, publicly traded companies.