Kværner Wins GBS Offshore Newfoundland Contract
Kvaerner Contractors to provide engineering, procurement & construction (EPC) services for the Hebron Project gravity based structure (GBS). ExxonMobil Canada Properties has released the option for Kvaerner's joint venture company Kiewit-Kvaerner Contractors to provide the full scope of engineering, procurement and construction (EPC) services for the Hebron Project gravity based structure (GBS). The contract value for Kvaerner's share of the full EPC contract is approximately USD 1.5 billion and includes work conducted to date on the Hebron project.
Newfoundland and Labrador Get Marine Navigation System
With the help of a small Canadian technology company, the Canadian Coast Guard (CCG) has installed the first fully lit marine navigation system in the world. Carmanah Technologies Inc. of Victoria, B.C., has invented a small, powerful, lightweight - and, most importantly, inexpensive - solar-powered marine light that completes the CCG’s quest to build a low-cost lighted navigation buoy that runs for five years with no maintenance. "Carmanah lights are small and lightweight so local fishermen can install and remove them each year around the fishing season. We provide a better service to our clients, reduce costs and help local communities," says Mike Clements, Manager of the Aids to Navigation Program for the Canadian Coast Guard in Newfoundland and Labrador. The St.
AXYS Deliver Newfoundland Oceanogrphic Buoys
AXYS Technologies Inc. deliver 8 oceanographic buoys to the Fisheries & Marine Institute of Memorial University of Newfoundland (Marine Institute ). The buoys will expand the existing ocean observing network, known as “SmartBay ”, located at Placentia Bay along Newfoundland’s southern coastline. The data provides fishermen, vessel operators, weather forecasters and other stakeholders near real time access to a variety of marine meteorological and oceanographic data. The Marine Institute plans to deploy the buoys in the spring and summer of 2013…
Atlantic Pride Sinks in Newfoundland
Rescue Coordination Center (RCC) Halifax, Canada reported a MAYDAY F/V Atlantic Pride to the USCG Atlantic Area Command Center. The six-person crew reported they were sinking, and were donning survival suits in preparation for abandoning ship. A British VC-10 aircraft was diverted along with an Air Station (AIRSTA) Elizabeth City C-130 aircraft. The VC-10 located a strobe light but no sign of survivors. Several vessels were diverted, including a Canadian Coast Guard vessel, to assist with the search. Searches continued by the VC-10 and C-130 yielding a life raft with no people on board. A Canadian C-130 located an aluminum skiff with three people and a second group of three individuals in the water a short distance away.
Cargo Ship and Fishing Trawler Collision off Newfoundland Kills Three
A Cypriot tanker is being been detained in the eastern Canadian province of Newfoundland after a reported collision between a cargo ship and a U.S. trawler off the coast of Massachusetts killed three fishermen, the U.S. Coast Guard said on Wednesday. The sinking of the U.S. fishing boat Starbound, which happened on Sunday night, was first reported by the Lloyds Shipping wire service out of London. Canadian television showed footage on Wednesday of what it said were gouges on the side of the tanker Virgo and of a hearse driving away from the dock after the ship was detained. The U.S. Coast Guard is leading the investigation into the incident and one U.S.
FGH’s Newfoundland Sector Under New Ownership
Friede Goldman Halter, Inc. (FGH) announced today it has sold the assets of Friede Goldman Newfoundland, the company’s Canadian subsidiary located in the province of Newfoundland and Labrador Canada, to Peter Kiewit Sons Co. Ltd.The transaction is part of the continuing effort to restructure the company and facilitate its emergence from Chapter 11 bankruptcy. Bob Shepherd, Executive vice president, administration of FGH, commented, “ The sale of the assets of FGN is in the best interests of the company as it emerges from Chapter 11 bankruptcy protection. The transaction allows the company to reduce outstanding obligations.”
News: A New Boat for Newfoundland
Edmund Porter, of Port de Grave, Newfoundland, started fishing with his father some 35 years ago as a teenager. A few years later, having moved out on his own, he was joined by his wife Marian. In 1979 he built his first vessel, a 33-ft. trap boat. The couple have now shared three decades as a fishing family. This past July, they christened a new boat, the MV Ashton & Cody named after their two grandchildren. The naming of the boat for a new generation is particularly fitting as the boat also represents the new fisheries of Newfoundland. Since the collapse of the cod stocks, fishermen have been turning to shrimp and crab fishing with good success. The 62 by 22-ft. MV Ashton & Cody is a tangible result of that success.
KNOC Sells Aging Newfoundland Refinery to SilverRange
Korea National Oil Corp said on Friday that it would sell its 115,000-barrel-per-day refinery in Come by Chance, Newfoundland, to SilverRange Financial Partners LLC for an undisclosed price following a months-long search to find a buyer. KNOC's Harvest Operations Corp unit is selling the aging refinery, as well as 53 gas stations and convenience stores, to SilverRange. The New York-based merchant bank has entered into a multiyear refining deal with an unspecified global oil company, Harvest Operations and SilverRange said in a release. "(The refinery) is strategically located along Atlantic crude oil shipping routes and provides access to petroleum markets in Europe and the U.S. Eastern seaboard," SilverRange official Harsh Rameshwar said in the release.
U.S. Merchant Bank Buys Aging Newfoundland Refinery
A New York-based commodities merchant bank run by veteran energy traders, Neal Shear and Kaushik Amin, announced on Friday plans to buy the aging Come by Chance refinery in Newfoundland from South Korea's state-run oil company. Korea National Oil Corp said it will sell the 115,000-barrel-per-day refinery to SilverRange Financial Partners LLC for an undisclosed price following a months-long search to find a buyer. The deal also includes 53 gas stations and convenience stores. SilverRange is a New York-based merchant bank focused on energy and natural resources owned by SilverPeak Partners, a real estate fund with over $12 billion in assets under management, according to its website.
Husky Energy Pact for Canadian Offshore Project
NC-Lavalin, Dragados Canada and Pennecon announced that their General Partnership (GP) has been awarded a construction contract from Husky Energy as part of the company's West White Rose Project in Newfoundland and Labrador. The GP will build a concrete gravity structure (CGS) for a fixed drilling platform. The CGS, with an overall height of 145m and base diameter of 122m, will require 76,000m3 of concrete in its construction, which will take place in a purpose built dry dock from 2017 to 2021.
Dockwise Bags Marine Transport Contracts Worth $50 Mln
Royal Boskalis Westminster N.V. said its wholly-owned subsidiary Dockwise has recently been awarded a number of marine transport contracts with a combined contract value of approximately $50 million. Dockwise was awarded a contract by Husky Oil Operations Ltd. for the transportation of the West White Rose Topside from Texas, U.S. to Newfoundland and Labrador, Canada. The contract includes the engineering, preparation and execution of the loading, transport and discharge operation of the topside. The topside will be skidded onto a large barge, which in turn will be floated onto the semi-submersible heavy transport vessel Dockwise Vanguard that will transport the cargo to Newfoundland and Labrador. The transport is expected to take place in 2021.
Newfoundland Plans Offshore Oil-Drilling Auction
Newfoundland, Canada's second largest oil- producing province, plans the third-largest auction of offshore drilling rights in its history after ending a territorial dispute with neighboring Nova Scotia. The province plans to sell rights to more than 4.23 million acres of oil and natural-gas exploration properties, including three parcels in the formerly disputed Sydney Basin, Bloomberg reported. Bids are due in November. The auction will include 11 parcels that are being offered at the request of producers. The Sydney Basin concessions account for about 45 percent of the acreage. The province has only twice sold rights to more than 4.23 million acres, in 1990 and 2003. About 741,000 acres of properties were sold in last year's Newfoundland auction for $34 million.
Chevron Postpones Newfoundland Venture
Chevron Canada Ltd. says its partnership has decided to suspend negotiations with the government of Newfoundland and Labrador and demobilize the Hebron offshore project team after failing to reach a development agreement with the province. The joint-venture partners are ExxonMobil Canada, Petro-Canada and Norsk Hydro Canada Oil & Gas Inc., a subsidiary of Norway's Norske energy and industrial giant. Toronto Star reported that Hebron poses a number of challenges due to the high degree of technical complexity associated with recovering heavy oil in a harsh marine environment. While project activities have been suspended, the co-venturers remain positive that activities could proceed at a future date after a deal is reached with the provincial government.
Newfoundland Stands Firm on Hebron Royalties
According to a report in the Chronicle Herald, the Newfoundland government is not bowing to pressures from big oil to reduce its royalty rates from the proposed $5-billion Hebron heavy oil project in the North Atlantic. In April, it was announced that the Hebron project was being suspended after its partners were unable to reach a development agreement with the government of Newfoundland and Labrador. Hebron, located 350 km off the Newfoundland coast, is estimated to contain 731 million barrels of oil. Oil majors with a stake in the project include ExxonMobil, Chevron, Petro-Canada and Norsk Hydro Canada Oil and Gas Inc. (Source: http://thechronicleherald.ca)
Canada May Ask Far-offshore Drillers to Pay Extra
Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore, according to an internal government memo. If that happens, it could make the operations more expensive and strain talks that companies will have with provincial governments, which already require them to pay royalties. A United Nations convention, which Canada ratified in 2003, says signatories need to pay the International Seabed Authority (ISA) if companies drill on the "extended continental shelf," the seabed part of a country's landmass, but more than 200 nautical miles (230 miles) offshore. It was never clear from where that money should come.
Newfoundland, Labrador Fund Maritime R&D Projects
11 business-led projects to get more than $1.3 million in funding from the Research & Development Corporation of Newfoundland & Labrador (RDC). "With an increasingly diversified economy continuing to outpace growth in other regions around North America, Newfoundland and Labrador continues to earn a reputation as a place where business growth and innovation is encouraged," said the Honourable Keith Hutchings, Minister Responsible for RDC. RDC works with businesses, providing funding to assist with research and development (R&D) activities focused on improving Newfoundland and Labrador's R&D performance. The investment program fosters business R&D in Newfoundland and Labrador focusing on key sectors including oil and gas, fisheries, information technology and ocean technologies.
Offshore Newfoundland Geophysical Survey Contract Awarded
PGS in cooperation with TGS begins data acquistion on a new 20,000 km MultiClient 2D survey over the Northeast Newfoundland Shelf. The M/V Sanco Spirit has returned to Newfoundland and Labrador once again utilizing PGS GeoStreamer® broadband technology. Data acquisition will continue into early Q4 2012 and the vessel will complete the survey in 2013. “Northeast Canada and the far North represent some of the most exciting new deepwater exploration areas in the world today and broadband GeoStreamer data provides an ideal foundation for building a better understanding of its potential…
Rolls-Royce Opens New Facility in Newfoundland
Rolls-Royce, the global power systems company, has enhanced its global customer support capability in Canada with a new Marine service center located in Mount Pearl, Newfoundland, one of the busiest ports in the Canadian Maritimes. Encompassing 25,000 square feet, the new Rolls-Royce Commercial Marine service center in Mount Pearl will provide state-of-the art repair and overhaul expertise for customers throughout the East Atlantic Provinces and the Canadian Great Lakes region. Rolls-Royce has invested in this location to support its expanding customer base and growing demand in the region. Newfoundland’s Minister of Business, Ross Wiseman…
Wood Group Bags Hibernia Deal
Wood Group has secured a five year contract to provide engineering, procurement, construction and maintenance services to the Hibernia platform, offshore Newfoundland, from Hibernia Management and Development Company Ltd. (HMDC). The contract will be executed by Wood Group’s Eastern Canada operations, in St. John’s, Newfoundland & Labrador, and has the potential of two additional five year contract extensions. Michele McNichol, CEO for Wood Group’s Asset Life Cycle Solutions business in the Western Hemisphere…
Newfoundland to Take Offshore Stake
The Canadian province of Newfoundland plans to take a 10% stake in new oil and gas projects off its coastline, Forbes reported. The demand was contained in the provinces 35-year energy plan recently released. The province will take a 10% stake in future offshore oilfields if they meet long-term strategic objectives and will pay its share of exploration and development costs, he said. Last month the province reached an agreement with oil companies Chevron, ExxonMobil, PetroCanada and Norsk Hydro ASA, giving it a 4.9 pct stake in the offshore Hebron project. (Source: Forbes)
PGS : Building Further Success in Newfoundland, Labrador
PGS has recently completed the fifth consecutive acquisition season offshore Newfoundland and Labrador as part of the ongoing joint venture (JV) with TGS. The successful 2015 season was the biggest yet with PGS operating four vessels, two 3D and two 2D vessels, all of them equipped with GeoStreamer, PGS' broadband technology. This season marked the commencement of the first MultiClient 3D programs to be acquired by the JV, as well as continued building of the regional MultiClient 2D library coverage. * Most 3D seismic ever acquired in a single season offshore Newfoundland and Labrador.
Rowan Wins Contract for Offshore Newfoundland
Rowan Companies, Inc. was awarded a contract to drill two wells on the Grand Banks of Newfoundland, using a Super Gorilla class rig. The contract provides an option for a third well. This assignment, which is subject to certain regulatory approvals, should commence around mid-year and is expected to last into December 2005. After undergoing modifications, Rowan Gorilla VI will be relocated from the Gulf of Mexico to eastern Canada during the second quarter. Rowan estimates that revenues from this contract will be as much as $26 million, depending upon the duration of the assignment. Danny McNease, Chairman and Chief Executive Officer…
Canadian Maritime Link Cable Project
Maritime Link, is an electrical transmission project to link the island of Newfoundland with Nova Scotia for the first time. NSP Maritime Link Inc, a wholly-owned subsidiary of Emera Newfoundland and Labrador Holdings Inc. and an affiliate of Nova Scotia Power, has filed its Environmental Assessment Report (EA Report) for the Maritime Link Project with the Canadian Environmental Assessment Agency, Nova Scotia Environment, and Newfoundland & Labrador's Department of Environment and Conservation. This is a major milestone in the federal and provincial environmental assessment processes for the proposed Maritime Link, an electrical transmission project which will link the provinces of Newfoundland & Labrador and Nova Scotia for the very first time.