SBM Enters JV with Linde
According to reports, SBM Offshore said it expects the first sale of its Liquified Natural Gas offshore production facility, called LNG FPSO, within 18 months, and also announced a development partnership with Germany's Linde AG. SBM said it now considers the LNG FPSO ready for marketing and added that it can now establish the cost and delivery time of each unit. The LNG FPSO is an offshore liquefied natural gas production facility that allows the development of stranded offshore gas fields as it produces, liquefies and stores gas. SBM said capital expenditures on each unit is $2b. To shorten the design and delivery cycle time of the LNG FPSO, SBM said it decided to form a partnership with Linde.
Wison’s Juan Guarin to Speak at Offshore Colombia Forum
Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced that Latin America Sales Manager, Juan Guarin, will present the EXMAR FLRSU project at the Offshore Colombia Forum on May 6. Wison Offshore & Marine was awarded a contract by Exmar in June 2012 for the engineering, procurement, construction, installation and commissioning of the world’s first FLRSU, which is being constructed at Wison’s wholly-owned fabrication yard located in Nantong, China. Mr. Since offshore activities in Colombia are starting to experience a significant boost, great business opportunities will be created for American companies involved in the oil and gas industry.
Royal IHC Merges Four Units into IHC IQIP
Royal IHC (IHC) has integrated four of its business units – IHC Hydrohammer, IHC Handling Systems, IHC Sea Steel and IHC Fundex Equipment – into one new organization, which will operate under the name IHC IQIP. IHC said the merger aims to offer a fully integrated solution for on- and offshore installation, foundation and decommissioning to customers in the oil and gas, offshore wind and coastal and civil markets. “Many of our customers are already working with one or more of the four IHC business units now integrated under the IHC IQIP umbrella.
Gazprom Expands in Vietnam After Gaining Two Offshore Blocks
AO Gazprom, the world’s largest natural gas producer, plans to develop two blocks with Vietnam Oil & Gas Group off the coast of the Asian nation, Bloomberg reported. Gazprom will take 49 percent of the project with PetroVietnam, as the state-owned company is known, to develop the 05.2 and 05.3 blocks, the Russian gas producer said today. The partners will work under a production-sharing agreement, Gazprom said. PetroVietnam and Gazprom are already working together exploring for oil and gas offshore Vietnam, the country which has been Russia’s ally since the Soviet era. The two blocks in the South China Sea cover two discovered gas and condensate fields, Moc Tinh and Hai Thach, with total reserves of 55.6 billion cubic meters of gas and 25.1 million tons of condensate, Gazprom said.
Cyprus LNG Terminal Non-starter?
Cypriot President Nicos Anastasiades has said that building an LNG terminal in Cyprus will depend on discoveries and the results of the country’s third licensing round. Discussing the Cyprus Exclusive Economic Zone’s third licensing round, Anastasiades said that the construction of an LNG terminal in Cyprus - and Cyrpus’ consequent conversion into an energy hub – would rely upon the results of ongoing research programmes or new licenses. As for the new licences mentioned, Anastasiades referred to the third offshore licensing round for hydrocarbon exploration the country launched on March 24…
Bureau Veritas Selects New Offshore Lead
Bureau Veritas has appointed Matthieu de Tugny as Senior Vice President in charge of offshore activities within the marine and offshore operating group. He is tasked with driving forward Bureau Veritas Group initiatives in the oil and gas offshore market and enhancing Bureau Veritas’ technical leadership and recognition in this market. Matthieu de Tugny graduated from the Ecole Nationale de la Marine Marchande, France and from the Ecole Supérieure d'Electricité, France as an engineer. He started his career at Bureau Veritas in 1994 in the Electricity and Automation Section.
CNOOC Pairs with Husky to Explore Deep Water Oil
CNOOC Ltd.’s unlisted parent company plans to start deep water oil and gas exploration in the South China Sea with Canada's Husky Energy Inc. next year, according to AP report. If the scheduled exploration finds sizable reserves in a bloc in the South China Sea about 185 miles south of Hong Kong, it will be China's first deep water oil and gas field. CNOOC's parent company is currently restricted to pumping oil and gas offshore at no deeper than 350 m, because of the technology currently available to it. According to the report, CNOOC previously signed a production sharing contract with Husky, an integrated oil and gas producer, to jointly explore and develop two deep water blocs in the South China Sea.
OSV Sector Wary of Overcrowding
THE offshore support vessel (OSV) segment - touted as the bright spot where other traditional shipping markets are suffering - may entice tanker and bulk-carrier operators to jump ship, according to a recent Singapore Business Times article. However, OSV operators and owners are wary of such a crossover, and warn that if the sector gets more crowded, it may derail a recovery in charter rates that is expected to come about in two to three years' time. There are about 3,000 OSVs that support oil and gas offshore exploration - a sliver of the 70,000 merchant ships - but it is a sector that gained attention at a time when oil companies are expected to spend about US$600 billion in exploration and production activities.
Fincantieri & Technip JV for Offshore Market
Fincantieri and Technip in Italy signed a Memorandum of Understanding aiming to increase their joint competitiveness by starting to address Italian and Mediterranean Sea offshore markets. The agreement was signed by Marco Villa, CEO of Technip Italy S.p.A. and by Giuseppe Bono, CEO of Fincantieri. This agreement follows the existing collaboration between the two companies which are bidding for the construction of a platform to be located offshore Sicily. This would represent an important opportunity for employment development in Sicily, where the joint team plans to build the platform’s topside. Thus, the technical and commercial synergies between the two companies will be leveraged through a more effective integrated offer.
Royal IHC Acquires KCI from Oceanteam
Dutch supplier of vessels, equipment and services for the offshore, dredging and wet mining markets Royal IHC said it has acquire all of the outstanding share capital of Dutch based engineering and consultancy company KCI the Engineers B.V. from Dutch-Norwegian offshore service provider Oceanteam ASA. IHC said it plans to maintain KCI as an independent brand and operating company which will continue to serve external clients while also working on IHC projects. Diederik van Rijn, IHC Group Executive Director, said, “The acquisition KCI fits within the overall strategy of IHC to further develop into a provider of knowledge and technology based services and products.
Tendeka Announces Two Key Promotions
Tendeka, the provider of completions and reservoir monitoring products and services to the upstream oil and gas industry, is delighted to announce the promotions of two key personnel. Gillian King, SPE, has been appointed vice president Asia Pacific region and Derren Simpson, SPE, has been appointed vice president Middle East and North Africa. Gillian joined Tendeka as senior sales engineer in January 2007. She then progressed to regional sales manager Europe before becoming area manager for Asia Pacific (South) in 2010.
Statoil and ExxonMobil Win Irish Oil Licenses
Oil majors Statoil and ExxonMobil have been awarded six options to search for oil and gas offshore Ireland in the country's latest licensing round, Statoil said on Wednesday. The two firms each hold 50-percent stakes in all the acreage. Statoil will have four operatorships, while ExxonMobil will have the remaining two. Work on the licenses is for the time being limited to carrying out seismic surveys during 2016 and 2017, with the option to drill at a later stage depending on the analysis of the data, Statoil said. "This supports Statoil's exploration strategy of early access at scale and enables us to apply the exploration knowledge and experience we have gained globally and specifically on the conjugate margin offshore Newfoundland," the company added.
SBM Offshore Hands over FPSO Turritella to Shell
SBM Offshore said it has completed the transaction related to the sale of floating production storage and offloading (FPSO) vessel Turritella to Shell E and P Offshore Services B.V. Shell exercised an option to purchase the FPSO from SBM Offshore in summer 2017. The Turritella FPSO is contracted for the Stones deepwater development in the Gulf of Mexico, which began production in 2016. The vessel has a daily production capacity of approximately 60,000 barrels of oil and 15 million cubic feet of natural gas.
Chevron Urges USA to Seize Energy Opportunity
Conservative estimates put the size of recoverable crude oil and natural gas offshore USA the equivalent of nearly 35 years of Saudi Arabia's production. U.S. government estimates suggest federal lands (onshore and offshore) alone hold technically recoverable resources of roughly 116 billion barrels of crude oil and 650 trillion cubic feet of natural gas. That is enough crude oil to power about 225 million consumer vehicles for nearly 17 years and enough natural gas to heat 60 million homes for nearly 160 years. To grasp this historic opportunity, the U.S.
HSOG, Chowgule Create India Offshore Service Hub
International oil and gas service specialist HSOG has joined forces with the Chowgule Group, a multi-industrial International conglomerate, to offer a full range of maintenance and modification services to the offshore sector to service the international market. HSOG will now offer services to the world offshore market from the Chowgule Groups newly built Lavgan Dockyard, situated midway between Mumbai and Goa on the west coast of India. The $200m shipyard development has been completed over the last five years, and offers full Mobile Offshore Drilling Unit (MODU) and Floating Production, Storage and Offloading (FPSO) repair capability from a range of sheltered deep-water quays off the Arabian Sea.
Vroon Offshore Vessel Undergoes Modification Work
Damen Shiprepair Oranjewerf has completed final outfitting and modifications on a second subsea-support walk-to-work (W2W) vessel for Vroon Offshore Services (VOS). VOS Stone was built at Fujian Southeast Shipbuilding in China before coming to the Netherlands for completion. This follows a similar project successfully completed in July this year at Oranjewerf, involving sister ship VOS Start. The eight-week program for VOS Stone involved a wide range of activities, including installation of a 50-tonne active heave-compensated…
Greece: Sea Boundaries with Egypt, Cyprus to be Defined
Greece will launch consultations with Egypt and Cyprus to establish maritime boundaries in the eastern Mediterranean, Prime Minister Alexis Tsipras said on Wednesday. Tsipras, who was visiting Cyprus, said those boundaries - which are normally a precursor to a state licensing for offshore oil and gas exploration - would be defined in areas where consent of "third countries" was not required. Turkey and Greece have been at loggerheads for decades over land, air, sea and sea-floor borders in parts of the Aegean sea. Cyprus, which was split in a Turkish invasion in 1974 after a brief Greek inspired coup, found gas offshore in 2011, in a move which has also been challenged by Ankara.
New Subsea Report on Tech, Safety and Trends
DNV GL has issued the report ‘Subsea – Technology Developments, Incidents and Future Trends’ on behalf of the Norwegian Petroleum Safety Authority. “The ongoing increase in technology enhancement and the number of worldwide subsea field developments will demand greater focus on a number of issues. The report aims to raise awareness and share knowledge within safety, industry cooperation, degradation mechanisms, failure modes, monitoring, integrity management and incident-related information,” said Bjørn Søgård, DNV GL’s segment director for subsea technology. The oil and gas industry’s drive to develop more cost-efficient ways to produce, process and transport oil and gas offshore has in the past few years led to tremendous technology developments on subsea technology.
Wärtsilä Back to Growth, Stable Profitability in 2012
Wärtsilä has issued its financial statement and bulletin for the period January to December 2012. “I am pleased with our result for the year 2012, which was a year marked by difficult conditions in the global economy. Supported by a very strong fourth quarter, Wärtsilä's full year net sales grew by 12% with profitability at 10.9%. The order intake grew by 9%, with strong development in Ship Power orders, especially in the offshore markets. During 2012, we closed our largest ever acquisition with the purchase of Hamworthy. This supports our growth strategy in the marine gas, offshore and environmental solutions markets. Interest in marine gas solutions continued to be strong and the orders received demonstrate our leading position in the dual-fuel markets.
IHC Merwede Opens New U.S. Facility
IHC Merwede opened a new yard facility in Broussard, La. The yard at 206 Cummings Road will operate under the name of Hydro-Ram, Inc. With this expansion IHC Merwede now has a regional office in North America. Hydro-Ram, Inc., consisting of IHC Hydrohammer, IHC Handling Systems and IHC Fundex Equipment - all business units within the IHC Merwede group - will be the main distributor covering the North American piling markets for the oil and gas, offshore wind, construction and coastal and civil industries. The new site’s facilities include storage for a large rental fleet, maintenance operation and the main strategic spare parts hub for all of IHC Merwede’s pile installation equipment.
Statoil Finds More Gas Offshore Tanzania
Norway's Statoil has found more gas offshore Tanzania, increasing its total for an eventual investment decision on a liquefaction plant with Britain's BG Group, which operates neighboring exploration blocks, it said on Tuesday. Statoil found another 1.2 trillion cubic feet of gas in its block, taking its total volume in-place to 21 trillion cubic feet, or about 3.8 billion barrels of oil equivalents. BG has also found about 15 trillion cubic feet of gross resources in nearby blocks.
G E Shipping Sells Supramax
India’s largest private sector shipping company Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2003 built Supramax Dry Bulk Carrier Jag Rahul of about 52,364 dwt. G E Shipping said that the vessel will be delivered to the new buyer in Q4 FY 2017-18. The Company’s current fleet (including Jag Rahul) stands at 48 vessels, comprising 32 tankers (12crude carriers, 17 product tankers, 3 LPG carrier) and 16 dry bulk carriers (1 Capesize, 8 Kamsarmax, 7 Supramax) with an average age of 10.24 years aggregating 3.93 mn dwt.
Fendercare Wins Eastport U.K. Fendering Contract
Norfolk-based Fendercare Marine, a supplier of marine products and services, has secured a contract to supply Yokohama fenders to Eastport U.K. Norfolk port. The contract, won against international competition, is for the supply of 17 Yokohama pneumatic fenders measuring 2 x 3.5 m to be used at the Great Yarmouth port. Fendercare Marine is currently celebrating 25 years of trading, having built their reputation as a supplier of quality marine products – in particular Yokohama fenders.