Southern France Gas Trading Hubs to Merge
The two gas trading hubs in the south of France will merge on April 1, power trading group Powernext said on Tuesday, marking a first step towards a unified French gas platform aimed at preventing the large price swings currently seen in the market. France is divided into three gas hubs, but pipeline bottlenecks between the northern hub called Peg Nord and the southeastern Peg Sud prevent Norwegian and Russian pipeline imports from flowing to the south of the country. This makes Peg Sud, and the third gas hub, TIGF, in the southwest, more dependent on relatively more expensive liquefied natural gas (LNG) imports, weighing on local industry's competitiveness.
Harren & Partner Buys Offshore Construction Vessel
Bremen-based shipping company Harren & Partner is looking to grow its offshore salvage business with the purchase of the offshore construction vessel MV Blue Giant from English operator OIG Group.“Although the oil markets are currently still recovering, we have deliberately opted for this investment despite its counter-cyclical nature. Alongside our classic offshore activities, we also wish to further strengthen our position in attractive niche markets such as the salvage business…
Inpex to Ship First Ichthys LNG Cargo by End of September
Inpex said it expects to ship first cargo from its Ichthys liquefied natural gas (LNG) project in Australia by the end of September after safety issues have been resolved, maintaining an earlier schedule.Australian regulators had discovered safety issuess on the Ichthys offshore gas platform and was considering enforcement action.The Inpex-operated Ichthys LNG project carried out an inspection mainly on electrical equipment during the process of final safety verifications in cooperation with Australian regulators, in preparation for the start-up of production.
OIG Group Sells MV Blue Giant
Bremen-based shipping company Harren & Partner announced the acquisition of the offshore construction vessel, MV Blue Giant for an undisclosed price from the English operator, OIG Group. Harren & Partner’s Offshore Department, headed by Robert Fowler (email@example.com) will be responsible for managing the vessel. Peter Harren, Founder and Managing Director of Harren & Partner, explains the strategy behind the purchase: “Although the oil markets are currently still recovering, we have deliberately opted for this investment despite its counter-cyclical nature.
Bangladesh Shelves LNG Projects as Others Ramp Up
Bangladesh has put aside two smaller liquefied natural gas (LNG) projects with trading houses Gunvor and Vitol to focus on two larger LNG import terminals, one of which is already in use while the second will start up in March.Bangladesh has turned to LNG to offset falling domestic gas output to feed industrial demand and electricity generation in a nation of 160 million people where a third have no power supply.It aims to import 17 million tonnes a year of LNG by 2025, which in today's terms would make it a top five importer.
Tim Bush Promoted to Crowley VP, Deputy General Counsel
Crowley Maritime Corp. has announced that Tim Bush has been promoted to vice president and deputy general counsel. In his new position, Bush will help support the company’s growth as a provider of solutions for the U.S. government and various public-sector agencies. He will be based in Houston and report to Michael Roberts, senior vice president and general counsel. “Tim is an outstanding lawyer, and adds a great deal of value to the Crowley team,” Roberts said. Bush will continue to serve as Crowley’s lead attorney on several large projects for the U.S government…
Offshore Oil: Mammoet Installs Platform for Shell
Mammoet installed the Malampaya Phase 3 Depletion Compression Platform in the West Philippine Sea for Shell Philippines Exploration b.v. The Malampaya Depletion Compression Platform (DCP) is a new type of ‘self-installing platform;’ the platform floats into place over its end-location after which the legs are lowered onto the prepared seabed. It uses a pre-installed jacking system to enable the 80m legs to be jacked down and lift the platform from the water to its final position.
Lift Boat Crew Rescued in US Gulf
Four crewmembers aboard the lift boat Superior Trust were rescued after the vessel became unstable near Southwest Pass, La., Wednesday. U.S. Coast Guard Sector New Orleans watchstanders received a call early Wednesday morning reporting one of the Superior Trust’s legs failed and made contact with a natural gas platform’s walkway resulting in approximately 10 gallons of oil discharge. Coast Guard Station Venice launched a 45-foot Response Boat-Medium boatcrew that arrived on scene and transported the Superior Trust crew back to shore. There were no reported injuries. Coast Guard Cutter Brant crewmembers later arrived on scene to monitor the lift boat, and Coast Guard Air Station New Orleans MH-65 aircrew conducted an over flight.
MOL Invests in Self-Elevating Platform Vessel Operator
Mitsui O.S.K. Lines, Ltd. today announced a plan to acquire a 5% share in Seajacks International Limited (Seajacks) Group, which owns and operates five Self-Elevating Platform vessels(*1), from Marubeni Corporation. This is a new offshore business for MOL, following FPSO(*2), FSRU (*3), shuttle tanker (*4), and subsea support vessel (*5). It is also the first step to move into the renewable energy business field through involvement in installation of offshore wind power generation systems, which is expanding in Europe and other areas around the world.
Simulation & Ice Navigation Training
In a anticipation of the growing need for deck officers and masters experienced in operating in ice covered waters and as evidenced by the relatively rapid increase in vessel traffic in areas of the Arctic Ocean due to the receding ice coverage, the Alaska’s Institute of Technology (AVTEC) in Seward, Alaska has developed a comprehensive course of instruction in Ice Navigation. This two week course is directed toward masters and mates without or with minimal experience in ice covered waters. The course of instruction is a combination of classroom lectures, case studies and simulation exercises, operating various vessel models in a myriad of ice conditions. The AVTEC Ice Navigation course of instruction is U.S.
DONG Postpones Major Oil Project Offshore Denmark
DONG Energy <IPO-DONG.CO> has terminated a contract to build an oil and gas platform for its Hejre field, postponing indefinitely the major development offshore Denmark, the Danish majority state-owned utility said on Tuesday. DONG said the supplier consortium, Technip France and Daewoo Shipbuilding & Marine Engineering, had not been able to meet its commitments under the contract. DONG, which operates the field and holds a 60 percent stake, and Germany's Bayerngas, which has the remaining 40 percent, will assess alternatives to develop the field and will work closely with the Danish authorities, DONG said. The project, originally planned to start in late 2015…
Great Lakes Dredge & Dock Names Petterson CEO
Effective May 1, Lasse Petterson has assumed the role of chief executive officer (CEO), a provider of dredging, environmental and remediation services. In his over 35-year career, Petterson has gained extensive experience in the engineering, construction and maritime industries. His international experience includes time working and living in Norway, Asia and the U.K. to oversee operations and major projects in Australia, Middle East and South America. Most recently, Petterson served as a private consultant to clients in the oil and gas sector. Petterson served as chief operating officer (COO) and executive vice president at Chicago Bridge and Iron (CB&I) from 2009 to 2013. Prior to CB&I, Petterson was CEO of Gearbulk, Ltd.
Hempel: New Coatings for Offshore Structures
Hempel has launched two new advanced coatings specifically developed to protect the vulnerable “splash zone” areas of offshore structures. The “splash zone” is the area of an offshore asset (oil & gas platform or wind turbine, for example) that is just above the waterline and so suffers from the dual impact of atmospheric and immersion-type corrosion; as well as physical damage such as abrasion and impact, especially in areas around boat landings. Launched in Europe today, Hempadur…
Air New Zealand Wins Deal to Service US Navy Engines
Air New Zealand said its Gas Turbines business unit has been awarded four contracts from the U.S. Navy worth up to $42 million to service its fleet’s gas turbine engines. The contracts will see the Auckland based Gas Turbines team carry out maintenance and overhaul work of the General Electric LM2500 gas turbines that power much of the U.S. Navy fleet for the next few years. Air New Zealand Chief Operations Officer Bruce Parton said the contracts are an important win for the airline, and the company participated in aa competitive bidding process to secure the work. Air New Zealand Gas Turbines is a business unit of Air New Zealand, providing gas turbine overhaul and repair services to clients across a range of industries.
Bibby WaveMaster 1 Named in Rotterdam
The naming ceremony of the Bibby WaveMaster 1 took place on September 6, at the cruise terminal in the Port of Rotterdam in front of more than 125 guests from the U.K.-based Bibby Group, Damen and a range of industry partners. More than 10 members of the Bibby family attended while the Damen family was represented by Chief Commercial Officer Arnout Damen. The naming, by Lady Sponsor Jacky Blaikie, is the culmination of a program that began nearly four years ago to develop a vessel that could meet the needs of the offshore wind industry in an efficient…
SBM Offshore First-half Beats Forecasts
SBM Offshore, the Dutch oil and gas platform leasing company, reported better than expected first-half profit on Wednesday after slashing costs and said it would double annual savings at a time of low oil prices. SBM Offshore, which has said it will cut 1,500 staff, or more than 10 percent of its global workforce, expects annual savings of about $80 million compared with previous guidance of $40 million. It also increased its 2015 revenue forecasts to $2.6 billion, from $2.2 billion…
Gulf Marine Eyes Acquisitions
Gulf Marine Services (GMS), the leading provider of advanced self-propelled self-elevating support vessels (SESVs) serving the offshore oil, gas and renewable energy sectors, is looking at acquisitions due to opportunities in the market, reported Gulf News. GMS, which supports the oil and gas and renewable energy sectors with barges, has a fleet of fourteen vessels that help in offshore oil and gas platform refurbishment and maintenance activities, offshore wind turbine maintenance work, as well as offshore oil and gas platform installation and decommissioning, among other things.
BP Asks for Lower Fine in Gulf Spill Trial
BP Plc, citing low oil prices, tried to whittle away at $13.7 billion in potential fines under the Clean Water Act on Tuesday as the penalty phase started in its trial over the 2010 Gulf of Mexico oil spill. BP said its fine should be modest as it took extensive steps to mitigate the worst offshore disaster in U.S. history and that the defendant named in the case, BP's exploration and production unit, known as BPXP, cannot afford a big penalty. "There has been no collapse of the ecosystem," BP lawyer Mike Brock said in opening statements, contending that the Gulf has been more resilient than thought. Environmental groups say it could take decades for the Gulf to recover.
Three Workers Missing in Offshore Platform Accident
Three workers are missing after an accident at an offshore oil platform in the Caspian Sea in Azerbaijan, Azeri state energy company SOCAR said on Friday. SOCAR said a small cabin, where workers were living, was washed into the sea from the platform during a heavy storm. "The accident did not affect the oil production process," the SOCAR spokesman, Nizameddin Guliyev, told reporters. He said that a search-and-rescue operation was underway. Four workers were killed and one went missing after a fire broke out on SOCAR's other oil and gas platform in the Caspian Sea in Oct. 2014. (Reporting by Nailia Bagirova; writing by Margarita Antidze; editing by Jane Merriman)
SAL Remains in Troubled Waters
The running year turned out as a tough year in shipping. Despite a raft of technical projects for the company, the stinging tale of the low oil price created a steep downturn in the global offshore industry as well as leaving many projects deferred or cancelled. As a result SAL concludes 2015 with significant project references, but also with the marks of the general challenges in the shipping industry. SAL foresees a continued challenged mar-ket in 2016 and predicts project carriers will have to toughen up to be capable of withstanding the fights that will inevitably come.
At Least Three Dead in FPSO Explosion
At least three oil workers were killed and others were injured in an explosion on Wednesday at an offshore oil and natural gas platform in Brazil operated by state-run energy company Petroleo Brasileiro SA , union officials said. The workers were killed in an explosion aboard the Cidade de São Mateus, a floating oil production, storage and offloading ship (FPSO), said Davidson Lombo, finance director of Sindepetro-ES, the union representing workers on the platform. It was not immediately clear what caused the explosion.
Update: 3 Dead, 10 Injured in FPSO Explosion
Brazil oil regulator says 3 dead, 10 injured in Petrobras platform explosion An explosion at an offshore Petrobras oil and natural gas platform killed three workers and injured 10 more, Brazil's oil regulator ANP confirmed in a statement on Wednesday. The explosion, caused by a gas leak, occurred on a floating oil platform (FPSO) called Cidade de São Mateus which is owned by Norwegian-listed BW Offshore and contracted to Petroleo Brasileiro SA, as Petrobras is formally known. (Reporting by Stephen Eisenhammer; Editing by Chris Reese)
Petterson Named Great Lakes CEO
The Board of Directors of Great Lakes Dredge & Dock Corporation, provider of dredging, environmental and remediation services, announced the selection of Lasse Petterson as CEO, as well as his appointment to the company’s board of directors. Petterson will join the Board immediately and assume the role of chief executive officer once his application for U.S. citizenship, as required by the Jones Act, is finalized, which is expected in Q1 2017. During this time, Lasse and current CEO Jonathan Berger will work to ensure a seamless transition. Petterson brings to the role 35 years of experience in the engineering, construction and maritime industries.