Transocean's Henry Goodrich gets Two-years Deal
Transocean Ltd. announced today that the harsh-environment semisubmersible Henry Goodrich was awarded a two year contract with Husky Oil Operations Limited offshore Canada at a dayrate of $275,000. The estimated contract backlog excluding mobilization is $200 million. The rig is expected to commence operations in the second quarter of 2016. As of December 6, 2015, the company's contract backlog is approximately $16.8 billion.
Keppel FELS Delivers West Atlas
Keppel FELS has delivered the third KFELS B Class design jackup drilling rig to Seadrill within budget and ahead of schedule. This rig was named West Atlas by Lady Sponsor Anne-Marie Hood, wife of Mr. Peter Hood, Executive Director - Chief Executive Officer of Coogee Resources Limited. He also graced the ceremony as Guest-of-Honor. According to Keppel, West Atlas is the third KFELS B Class rig that Keppel FELS has delivered to Seadrill. The first rig, West Ceres (ex-Seadrill 3), was delivered to Seadrill in April 2006 and the second, West Prospero, was delivered in June 2007. Keppel FELS is building one more KFELS B Class jackup rig and a semisubmersible drilling tender rig for Seadrill.
Great Lakes Ban on Offshore Wind Development Opposed
State Republican Reps. from districts in northern Michigan, introduced legislation banning research in or production of wind energy in the Great Lakes sharing a border with Michigan. The measure would prohibit the leasing for the placement, construction, operation or maintenance of any structure to research wind energy development, any wind turbine, or any equipment or structure related to a wind turbine, reports UPI. According to UI, Policy Director for the Michigan Environmental Council James Clift told Michigan Public Radio he considered it was too soon to limit offshore wind. UPI cite a 2010 report from the Michigan Great Lakes Wind Council that informed 35 percent of Michigan's Great Lakes are considered favorable for wind energy development. Source: UPI
Cosco Corp Profit Down
Cosco Corporation (Singapore) Limited, offshore marine engineering, shipbuilding, ship repair & conversion and dry bulk shipping group, has posted a net profit of SGD4.25 million (USD3.19 million), down 82% year-on-year for the first quarter that ended 31 March 2015. The Singapore-listed Chinese shipbuilding and dry bulk shipping group's turnover decreased 4.6% to $991.2 million in Q1 2015 from $1.04 billion owing to falls in shipyard and dry bulk shipping revenues. The company's…
Bollinger To Construct Double Hull
Bollinger Marine Fabricators, Amelia, La. has signed a contract to construct a pair of 250-ft. (76.2 m), double hull, jumbo coastwise service, single rake hopper barges for Tide Leasing of Birmingham, Ala. With construction already having begun on the first barge, the building of the second vessel will begin in August. Both are scheduled for a November 2000 delivery. With a depth of 14 ft. (4.2 m) each, 52.5 ft. (16 m) beam and 11.5 ft. (3.5 m) maximum draft, the vessels will be built with .75-in. steel at the hopper bottoms and 5/8-in. steel at the hopper sides plus .50-in. T-1 liner plates on the bottom and upper sides of the hopper. Operating out of Santa Marta, Columbia, each barge will be able to transport up to 3,000 metric tons of coal.
Op/Ed: DPP a Benchmark Toward US Energy Dominance
National Ocean Industries Association (NOIA) president Randall Luthi comments on the U.S. Department of the Interior’s (DOI) 2019-2024 National Offshore Oil and Gas Leasing Draft Proposed Program, which seeks to open nearly all U.S. offshore waters to oil and gas drilling. With 94 percent of our nation’s outer continental shelf (OCS) currently and unnecessarily off limits to oil and gas leasing and exploration, NOIA welcomes the bold and broad offshore leasing proposal released January 4 by the Department of the Interior.
US Senators from 12 States Seek Offshore Drilling Exemptions like Florida's
Twenty-two Democratic U.S. senators from 12 states on Thursday joined the chorus of local representatives seeking exemptions from Interior Secretary Ryan Zinke's newly proposed offshore drilling plan, after his surprise move on Tuesday to shield Florida. Zinke surprised lawmakers, governors, and industry groups on Tuesday night by announcing that Florida would be removed from the Interior Department's proposal to open up over 90 percent of federal waters to oil and gas leasing.
Op/Ed: Obama’s Parting Salvo at US Energy Security
Randall Luthi, President of the National Ocean Industries Association (NOIA), does not pull any punches as he weighs in on the Obama administration’s release of the Final 2017-2022 Outer Continental Shelf (OCS) Oil and Gas Leasing Program. The good news is we now have an offshore leasing plan for the next five years that includes a schedule for regular oil and gas sales in the Gulf of Mexico. The bad news is it is only half a plan. Offshore energy development is a vital part of the U.S. economy, providing jobs, energy security and much needed government revenue.
Trump Aims to Open Nearly All US Offshore to Oil Drilling
The Trump administration on Thursday proposed opening nearly all U.S. offshore waters to oil and gas drilling, a move aimed at boosting domestic energy production that sparked protests from coastal states, environmentalists and the tourism industry. The effort to open previously off-limits acreage in the Atlantic, Arctic and Pacific oceans comes less than eight years after BP Plc's Deepwater Horizon oil spill in the Gulf of Mexico - the largest in American history. The disaster…
ExxonMobil Announces Oil Discovery Offshore Guyana
Exxon Mobil Corporation announced its sixth oil discovery offshore Guyana since 2015, following positive results from its Ranger-1 exploration well. The Ranger-1 well discovery adds to previous discoveries at Liza, Payara, Snoek, Liza Deep and Turbot, which are estimated to total more than 3.2 billion recoverable oil-equivalent barrels. ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. began drilling the Ranger-1 well on November 5, 2017 and encountered approximately 70 meters of high-quality, oil-bearing carbonate reservoir.
As US Opens Up Offshore Waters, Eastern GoM Beckons
President Donald Trump's administration has proposed opening up nearly all of America's offshore waters to oil and gas drilling, but the industry says it is mainly interested in one part of it, now cordoned off by the Pentagon: the eastern Gulf of Mexico. The industry's focus on an area located near a sprawling network of existing platforms, pipes and ports could ease the path to new reserves, and assuage the drilling opponents near other places offered under the Interior Department's proposed drilling plan issued last week, like California's Pacific, the Atlantic and Arctic.
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.
VOS Stone Equipped with Ampelmann W2W Gangway
Vroon Offshore Services and Ampelmann have joined forces to deploy a Walk to Work (W2W) solution for the Arkona offshore wind farm, located in the German Baltic Sea. Vroon’s VOS Stone vessel, the newest addition to its offshore-support fleet, will be mobilized with an Ampelmann A400 gangway system. The gangway, launched in 2017, will be utilized for the first time for W2W operations during array cabling work and commissioning of the Arkona offshore wind farm. The A400 gangway system…
Coast Guard Announces Interim Rule
The U.S. Coast Guard has published an interim rule that adjusts limits of liability for vessels and deepwater ports under the Oil Pollution Act of 1990. The interim rule, effective July 31, 2009, increases the current OPA 90 limits of liability for vessels and deepwater ports to reflect significant increases in the Consumer Price Index since the limits were amended by the Delaware River Protection Act of 2006. The rule also increases the current OPA 90 limit of liability for the Louisiana Offshore Oil Port to reflect Consumer Price Index increases since the Louisiana Offshore Oil Port limit was established by regulation in 1995.
Jumbo Orders LNG-powered Heavy Lift Ship
Dutch transportation and installation contractor Jumbo said it has signed a Letter of Intent (LOI) with shipbuilder China Merchants Industry Holdings (CMIH) for the construction of a new heavy lift crane vessel (HLCV) scheduled for delivery in the first quarter of 2020. The DP2 vessel will feature dual fuel engines capable of operating on liquefied natural gas (LNG), and will be built to serve the offshore wind and the offshore oil and gas industries. “Despite the current offshore climate, we are committing to this industry long term,” said Jumbo managing director, Michael Kahn.
Maersk Partners With Apex for North American Wind Energy
Maersk Line, Limited and Apex Offshore Wind Energy Partner to Bring Offshore Wind Energy to North America. Apex Offshore Wind, LLC and Maersk Line, Limited today announced that they have established a working relationship to support the development, financing and construction of utility-scale offshore wind energy facilities in North America. Maersk Line, Limited (MLL) is a subsidiary of A.P. Moller-Maersk, a global corporation with a long history of successful operation in offshore energy. MLL has decided to partner with a reputable offshore wind energy firm to collaborate on the development of potential wind energy projects. MLL views…
EMAS Offshore Launches Singapore Listing
EMAS Offshore boosts profile amongst international investment community by providing Asian platform for growth; Singapore public offer opens at 6.00 p.m. today and closes at 12.00 noon on 2 Oct 2014. EMAS Offshore Limited (“EMAS Offshore”, or the “Group”), formerly known as EOC Limited (“EOC”), is pleased to announce the launch of its public offering of shares following the registration of its prospectus (the “Prospectus”) with the Monetary Authority of Singapore (“MAS”), in…
Chinese Shipyard Inks Creon Jack-up Rig Order
Jiangsu Yangzijiang Offshore Engineering Co. Ltd. signs contract for the rig with Creon associate company Explorer 1. The directors of Creon the resources infrastructure investment company, announce that Jiangsu Yangzijiang Offshore Engineering Co. Ltd. has entered into a contract valued at US$170-million with Explorer I Limited to construct and deliver a Le Tourneau Super 116E Class design self-elevating mobile offshore jack up drilling rig. Delivery of the Rig is anticipated in the second quarter of 2015. It will be built to ABS Classifications and capable of drilling to 30,000 feet in sea depths of up to 350 feet. The rig will be fully equipped with state of the art drilling equipment and will have accommodation for 120 people.
Keppel, Seadrill Continue Rig Builds
The wholly owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), Keppel FELS Limited, and Seadrill Jack-Ups Ltd have agreed to continue with the building of the two jackups on revised terms that are mutually beneficial. The contract value of the two jackups is $420m. Keppel FELS Limited and Scorpion Offshore have agreed to terminate the $405m rig contract on mutually acceptable terms. Scorpion Offshore is working closely with Keppel FELS in the latter’s exploratory discussions with interested third parties to take over the building of the semisubmersible. The outcome of these discussions are highly uncertain. Keppel Singmarine and Lewek Shipping are currently working towards an amicable mutual termination of their contract and this is expected to be finalised shortly.
Seadrill Sells FPSO Crystal Sea
Seadrill Limited, the owners of the Crystal Sea, have completed a sale of the FPSO vessel to BW Offshore. The total consideration for the FPSO vessel is $80 million of which $60 million in cash and U20 million in BW Offshore shares. BW Offshore Limited is a Oslo Stock Exchange listed company.
Triyards Loses Two Shipbuilding Contracts
Triyards Holdings, the offshore marine division of Ezra Holdings, has swung deep into the red following the termination of two shipbuilding contracts worth some $51 million. "The Board of Directors of Triyards Holdings wishes to announce that its wholly owned subsidiary, Saigon Offshore Fabrication and Engineering Limited, has received notices of termination of the two shipbuilding contracts dated 26 June 2015 and the addendum dated 10 May 2017 for the design and construction…
OMM Sells Personnel Agency
Offshore Marine Management Limited (OMM) will sell the assets of its recently-rebranded personnel supply business, Main Source Offshore People Limited (MSOP) to Atlas Services Group Energy Limited (Atlas). The acquisition will see the transfer of assets including contracts and staff. Atlas Services Group Energy has been operating in the energy and marine industry for more than 30 years. The company has established an excellent reputation and holds important home market positions both inside and outside of Europe. Atlas Services Group works with professionals in the energy and marine industry and will further support the good work of Main Source Offshore People. Through the acquisition, all existing MSOP management and staff will transfer to Atlas.
Expanded Offshore Drilling: Challenges Ahead
Each rise in the price of oil and its companion hike in gasoline prices moves us further and further into uncharted territory. What was once an academic argument over peak oil and how long our oil and gas would last is now front page news. There is now a very public debate raging over whether new areas of 's coastline should be opened to exploration. It seems likely that new areas will be leased. But from there the crystal ball gets a little murky. What areas might be opened and when? How long will it take to do the initial surveys of these undersea areas and what will we find? For the workboat industry and its customers, this period of uncertainty will bring its own questions.