Transocean Bags Equinor Contract Off Norway
Equinor has awarded Transocean a contract for drilling six wells on the Norwegian continental shelf (NCS) by use of the Transocean Norge mobile rig. Drilling start-up is scheduled for the summer of 2019.The rig has also been awarded a contract option for drilling four additional wells and is intended for subsequent continuing options. Transocean has previously signed a framework agreement with Equinor.Transocean Spitsbergen was the company’s first rig to be included as per the framework agreement terms…
Noble Corporation Buys Gusto MSC CJ46 Design Jackup Rig
Noble Corporation has announced the purchase of a new Gusto MSC CJ46 design jackup rig from the PaxOcean Group (PaxOcean) in connection with a concurrently awarded drilling contract.Noble paid $33.75 million of the $93.75 million purchase price in cash, with the remainder of the purchase price, or $60 million seller-financed at a 4.25% interest rate paid in cash and 1.25% paid in kind over the term of the financing.The Company used existing cash balances for the initial payment and the secured seller-financed amount is to be repaid in four years.
INSIGHTS: John Rynd / President , CEO and Director, Tidewater Inc.
Mr. John Rynd graduated from Texas A&M University with a Bachelor of Arts degree in Economics. He previously served as Chief Executive Officer and President, and as a director of Hercules Offshore from 2008 through 2016. Prior to his time with Hercules, Mr. Rynd spent 11 years with Noble Drilling Services, Inc., where he served in a variety of management roles. Earlier in his career, he served in various roles of increasing levels of responsibility with Chiles Offshore and Rowan Companies. Beyond this, Mr.
Shell in Talks to Sell $1.3 Bln of Gulf Coast Assets
Royal Dutch Shell Plc is in talks to sell its assets in a Gulf of Mexico oilfield to Focus Oil to pay for its takeover of BG Group Plc, Bloomberg reported on Thursday, citing people familiar with matter.The deal could value Shell's stake in the Caesar Tonga field at about $1.3 billion, the report said.Shell has a 22.5 percent working interest in Caesar Tonga, with the rest owned by companies including Anadarko Petroleum Corp, Equinor ASA and Chevron Corp, Bloomberg said, citing company filings.Shell and Focus Oil did not immediately respond to a request for comment.(Reporting by Sathvik N in B
Pemex Reaches Deal to See if Talos Find Reaches Its Block
Mexican state oil firm Pemex has reached a preliminary agreement with a consortium led by Talos Energy to evaluate whether the group's find in the Gulf of Mexico extends into a neighboring Pemex block, the companies said in a statement on Thursday.The deal, which covers territory in the shallow waters of the Gulf of Mexico, is the first of its kind for Pemex and will be in force for two years.The Talos consortium, which includes Britain's Premier Oil and Mexico's Sierra Oil & Gas, won development rights for two blocks during the first oil auction launched by President Enrique Pena Nieto.
ESVAGT Names Taylor UK Regional Director
ESVAGT UK has appointed Ian Taylor as iUK Regional Director.Taylor brings many years of shipping experience and a considerable amount of ESVAGT knowledge to ESVAGT’s UK office at Dock Gate House in the heart of Aberdeen’s harbor area. As a Chartered Shipbroker, he has been handling contracts with ESVAGT for North Sea Charterers for the past decade.Having ‘sold’ ESVAGT to clients for years, getting onboard full time was an easy step. “It is a company I have known well for several years,” Taylor said. “ESVAGT has a significant presence in the U.K.
Norway's Gas Exports Set to Match Annual Record
Norway's gas exports hit a new high of 36.8 billion cubic meters (bcm) this summer and the annual deliveries will be on a par with the record annual figure achieved in 2017, gas system operator Gassco said on Friday.Between May and August, which is normally a season with fewer gas exports, Norway's deliveries almost matched a normal winter level as European importers needed to refill depleted gas storages which drained during last year's cold winter."It's too early to say exactly where we'll end up this year…
Aker Solutions Wins Services Contract with Petrobras
Petrobras has awarded Aker Solutions a contract to provide maintenance and modifications services for nine platforms at oil and gas fields in the Campos Basin offshore Brazil.The Campos Basin extends approximately 100,000 square kilometers. The three-year contract is valued at more than BRL 250 million and includes an option for a two-year extension.Aker Solutions will be renovating, repairing and upgrading offshore production units for Petrobras' Campos Basin Operational Unit (UO-BC).
Answering the Call for Environmental Answers
The Coast Guard has developed two separate mitigation system prototypes specifically designed for inland and offshore environments and tested them in the Kalamazoo River and Lake Huron.Whenever there is a need for oil, there will always be a risk of oil spills. This is no less true for bituminous sands, commonly known as oil sands or tar sands. Oil sands are mostly found in Alberta, Canada, and comprised of bitumen, sand, clay and water. They are typically viscous, with a texture similar to peanut butter.
Gulf Marine Services Bags MENA Contract
Vessels provider to the oil & gas industry Gulf Marine Services (GMS) said that it was awarded three long-term contracts in the Middle East and North Africa (MENA) region.The provider of advanced self-propelled self-elevating support vessels said in a press release that the new charters, which are subject to the completion of legal documentation and finalisation of the vessel delivery schedule, are for one Small Class and two Mid-Size Class SESVs and are currently expected to commence in Q4 2018/Q1 2019.
DNV GL Launches Operations & Analytics Centre in India
DNV GL, the world’s largest independent energy advisory and certification body, has launched a new Global Operations & Analytics Centre for renewable assets located in Bengaluru, India.The new centre will work in tandem with DNV GL’s existing UK Operations Control Centre in Glasgow, to offer seamless 24/7 monitoring services that aim to strengthen performance and operational efficiencies of renewable assets alongside detecting, analysing and predicting failures.DNV GL’s recently published Energy Transition Outlook report forecasts that by 2050…
DNV GL Guidelines for Floating Wind Power
DNV GL, the world’s largest resource of independent energy experts and certification body, has published the revised standard for design of floating wind turbine structures DNV GL-ST-0119, and a new guideline for the certification of floating wind turbines, DNVGL-SE-0422.Together, the two documents define design and certification requirements for floating offshore wind turbine concepts, prototypes and projects. The guidelines provide the most comprehensive technical reference suite for this emerging technology…
Hydra Preparing for Offshore Upturn
Offshore and subsea construction company Hydra said it has entered into the saturation diving market in anticipation of an offshore oil and gas sector rebound.Trevor Davis, president and CEO of the Texas-based company, said Hydra has converted its flagship vessel Subsea Responder and acquired a modular 200msw/12-man saturation diving system to prepare for new projects as the oil and gas industry experiences an upturn.“The oil and gas industry is showing signs of a bounce back [after] reaching a five-year low,” Davis said.
The Ocean Cleanup Kicks Off
A first-of-its-kind floating ocean cleanup system is undergoing a final round of testing before it begins removing plastic pollution from the Great Pacific Garbage Patch halfway between Hawaii and California.The system developed by the Dutch nonprofit The Ocean Cleanup was launched from San Francisco Bay on September 8 and towed 350 nautical miles by the vessel Maersk Launcher to an offshore test site. System 001 will now undergo two weeks of trials before continuing its journey to start collecting debris at the world’s largest accumulation of ocean plastic some 1…
Aker Bets on Software Engineers for Its Oil Business
When the owners of Norwegian oil firm Aker BP decided to digitise its assets and operations, they searched high and low for the right software company. But they failed to find a suitable one.So instead they set up their own, Cognite, to create digital maps of Aker BP's oil industry assets, integrating data from equipment such as pumps, heat and pressure sensors, maintenance records and even staff rotas to improve efficiency and safety.Less than two years later, Cognite is selling its software to Aker BP's rivals and one competitor…
FSO Installed in Culzean Field
Last week the Ailsa Floating Storage and Offloading unit (FSO) was successfully hooked up and completed, the final step of the FSO transportation and installation for the Culzean field, under the project management of Maersk Supply Service.The project has been delivered to Total E&P UK as an integrated solution, including project management, engineering, procurement and execution of offshore work scopes. Eight Maersk Supply Service vessels and crew carried out the marine operations.A…
Horizon Maritime Adds Tidewater OSV to Its Fleet
As momentum continues to slowly ramp up in the offshore sector, Horizon Maritime said it has grown its fleet with the addition of another multifunctional offshore support vessels (OSV) from Houston-based Tidewater Marine.The new vessel, Tidewater Enabler, joined Horizon’s fleet in August and is capable of supporting various specialized marine applications, the company said. The OSV is designed for operations in harsh weather conditions and features a 100-metric-ton/2,000-meter subsea crane…
Goliat Oilfield Shut for Maintenance
Oil production at Eni's Arctic Goliat field off the coast of Norway was shut on Monday for planned maintenance, a company spokeswoman told Reuters.The outage is expected to last for about 10 days, she added.Goliat, the world's northernmost producing oilfield, has a capacity of close to 100,000 barrels of crude per day.(Reporting by Terje Solsvik, editing by Camilla Knudsen)
BSM Launches a Offshore Division
In what can be construed as another positive sign for the turnaround of the offshore energy markets, Bernhard Schulte Shipmanagement (BSM) said it has set up a new business unit to focus on the oil and gas and offshore energy renewables markets.“This segment is focused on special operations and driven by different rules, so we decided to establish a dedicated expert team to specifically attend to the needs of the offshore market,” said Matthias Mueller, Managing Director of BSM…
ESVAGT Orders Two SOVs from Havyard
Danish shipowner ESVAGT and offshore wind farm developer MHI Vestas have sealed long-term contracts for the delivery of two new service operation vessels (SOVs) for separate wind farms off the Netherlands and the U.K.The wind farm service vessels will work the fields Borssele 3-4, located 22 km off the coast of Zeeland in the Netherlands, and Triton Knoll, which is 33 km off the coast of Lincolnshire in England, which together will produce 1,600 MW green energy from 2021. An option for an additional SOV for servicing the farm Moray East off the U.K. is also included.
Zennor Petroleum Acquires Stake in Britannia Field
North Sea oil company Zennor Petroleum has entered into a Sale and Purchase Agreement with Mitsui E&P UK in respect of its interests in United Kingdom Continental Shelf Licences P.213, Block 16/26a, Area B and P.345 Block 16/27b Area B which represent an 8.97% working interest in the Britannia Field.Completion of the transaction is subject to customary regulatory and partner consents.The acquisition of the Britannia Field interest is strategic for Zennor given its 100% operated working interest in the nearby Finlaggan Field.
BW Adolo FPSO Produces First Oil
BW Offshore has announced that first oil from the BW Adolo FPSO was safely achieved on Sunday, 18 months after the initial investment was made in the Dussafu license offshore Gabon."We have achieved first oil from the Dussafu license within budget and on schedule," said Carl K. Arnet, the CEO of BW Offshore. "The execution of the Dussafu project confirms the attractiveness of our model by combining proven resources, a resourceful organisation and access to production assets to…
China Harbour Engineering to Build Berri Field in Saudi Arabia
Saudi Arabian oil giant Saudi Aramco has awarded a contract to China Harbour Engineering Arabia for the construction of two drilling islands under the company’s Berri Increment Program (BIP).The objective of the BIP is to produce an additional 250,000 barrels per day of Arabian Light crude oil from the Berri Oil Field to reach 500,000 barrels per day to maintain Saudi Aramco’s maximum sustained capacity by early 2023.A signing ceremony to mark the contract award was held in Dhahran.
The New York Bight – a Hydra of Difficult Issues
The greening of America’s energy signature will not come without the usual discussions, regulatory oversight – and opposition from a raft of special interests.Amidst an atmosphere of possible resurgence in the domestic offshore oil energy, maritime stakeholders are also reminded that there is more than one kind of energy available for development off the four collective coasts of the United States. That process is underway in the Great Lakes; it has already happened off of New England.
Canada's First New Arctic Patrol Vessel Launched
Canada’s lead Arctic and Offshore Patrol Vessel, the future HMCS Harry DeWolf, was launched at Halifax Shipyard on Saturday, marking a significant milestone for the National Shipbuilding Strategy (NSS) and the revitalization of the Royal Canadian Navy’s combatant fleet.At 103 meters and 6,615 metric tons, the future HMCS Harry DeWolf is the largest Royal Canadian Navy ship built in Canada in 50 years. The ship was transitioned from the builder's land level facility to a submersible barge on Friday…
Besix completes construction of Bahrain LNG Import Terminal
Brussels-headquartered contracting giant Besix has completed the design and construction of Bahrain Liquefied Natural Gas (LNG) Import Terminal in Muharraq Island.The Bahrain LNG Import Terminal forms a vital part of the energy infrastructure of Bahrain as it provides the country with a secure supply of liquified natural gas to meet the country’s growth in demand for natural gas in order to fuel large industrial projects, to generate power and water, and for enhanced oil recovery.The…
Baltic Eagle Surveys Underway
Fugro has commenced a marine site characterisation programme at Iberdrola’s Baltic Eagle Offshore Wind Farm, in German waters of the Baltic Sea.Under a contract worth over EUR10 million, Fugro will undertake a UXO survey to clear the investigation sites, followed by a geotechnical seabed investigation and borehole drilling. The workscope also includes a programme of standard and advanced laboratory testing.The fieldwork takes place between August 2018 and February 2019 from Fugro vessels including the geophysical vessel Fugro Pioneer and geotechnical drilling vessel, Fugro Scout.
GC Rieber Shipping CEO Christian Wilhelm Berg Resigns
Norwegian shipping company GC Rieber Shipping said that Christian Wilhelm Berg resigned the position as CEO with effect from 14 September 2018 in order to pursue other opportunities through his wholly owned company, Bech Offshore.Bech Offshore was set up in 2017 with the concept to initiate investment opportunities related to distressed assets within the Offshore Support Segment. Further, the company offered third party owners Commercial Management, Consultancy Services and in…
DNV GL Pact with WeatherTech on Wind Turbines
DNV GL, the world’s largest resource of independent energy experts and certification body, today announced that it has joined forces with Swedish atmospheric science experts, WeatherTech.The combined expertise of both companies will enable the development of the most advanced icing model for wind turbines available on the market, allowing customers to better predict the performance of turbines in cold climates.In cold climates, the performance of wind turbines is significantly reduced by ice accretion, the gradual build-up of ice on the turbine blades.
Offshore Wind: Fugro Starts Site Survey in the Baltic
Fugro has commenced a marine site characterization program at Iberdrola’s Baltic Eagle Offshore Wind Farm, in German waters of the Baltic Sea.Under a contract worth over €10 million ($11 million), Fugro will undertake a UXO survey to clear the investigation sites, followed by a geotechnical seabed investigation and borehole drilling. The workscope also includes a program of standard and advanced laboratory testing.The fieldwork takes place between August 2018 and February 2019 from Fugro vessels including the geophysical vessel Fugro Pioneer and geotechnical drilling vessel, Fugro Scout.
Samsung Heavy in Talks to Resolve Nigeria Industry Zone Dispute
The Nigerian arm of Samsung Heavy Industries is in talks to resolve a court action launched by an industrial zone in the west African country where the company has been building a floating oil platform for Total, Samsung Heavy said on Friday."We are in discussions to iron out any misunderstanding or issues raised between the parties," a Samsung spokesperson said in a statement sent to Reuters on Friday."We are yet to come to the resolution or conclusion but we hope to resolve…
BorWin Gamma Platform Sails Away
The offshore converter platform, BorWin gamma, has now safely set sail from Dubai and begun its journey to its offshore site in the German part of the North Sea.Through the Gulf of Oman, the 18,000 ton ‘topside’ will pass into the Red Sea before going through the Suez Canal onto the Mediterranean and past Gibraltar. The journey then moves through the Bay of Biscay, to the English Channel and into the North Sea where it will be integrated with the ‘jacket’ nearly 130 kilometres off the German coast.Along with BorWin3…
Eolfi Appoints Vincent Fromont as New CEO
Eolfi , a French developer specialised in floating wind projects, has appointed Vincent Fromont as Chief Executive Officer. Vincent Fromont, 47, is a senior onshore/offshore oil and gas executive with more than 20 years of experience in the industry.Vincent has various business and operational senior leadership roles, working for market’s leaders such as JGC, Subsea 7 and TechnipFMC, both in France and abroad. Vincent holds a Master’s degree of Technologies and Management from Ecole Centrale de Paris…
Apples and Oranges When it Comes to Vessel Finance
Companies, lenders, and their auditors worldwide need vessel appraisals that can be relied upon when put into legal documents. As the offshore energy support markets awaken, this is more important now, than ever.While a great deal of shipping finance is done at a 10,000' level, with bond deals and equity swaps, the value of the assets found on ground level are still very important. There are taxation issues, insured value, public reporting, and allocation of purchase price, where the value of individual vessels is important.
Aker BP CEO Predicts Fast Johan Sverdrup Ramp-up
Aker BP, a partner in Norway's giant Johan Sverdrup oilfield, expects a fast ramp-up of production when the initial development phase ends in late 2019, its chief executive said on Thursday."I think it will be done in a few months, because the production per well is so high," Karl Johnny Hersvik told Reuters on the sidelines of an energy conference.Johan Sverdrup Phase 1 will have capacity to produce 440,000 barrels of oil equivalents per day (boed), while the second phase, starting production in 2022, is expected to further boost output to 660,000 boed.Sweden's Lundin Petroleum, another partn
Total E&P South Africa Contract for Solstad Farstad
Norwegian offshore vessel owner Solstad Farstad has been awarded contact for two of its vessels by French oil major Total Total E&P South Africa."Total has awarded Solstad a contract for one Large Anchor Handling Vessel (AHTS) Normand Ranger (2010, VS 491 Design) and one Platform Supply Vessel (PSV) Far Starling (2014, PSV 08 CD Design)," said a press release from the company.The contracts are to support Total E&P South Africa’s drilling campaign in Block 11B/12B for 1 well firm + 1 well option, which is expected to commence Q4 2018. The duration of the contracts are likely to be approx.
Borr Drilling Aims to Start Paying Dividends by 2020
Drilling rig contractor Borr Drilling aims to start paying dividends by 2020, the company's founder and chairman, Tor Olav Troeim, said on Wednesday.Troeim, a former business partner of Norwegian billionaire John Fredriksen, founded Borr Drilling at the end of 2016 and the company has quickly grown into one of the largest owners of jack-up rigs which drill in the shallow waters.Schlumberger, the world's top oil service firm, is Borr Drilling's largest shareholder with a stake of 14.2 percent."We have an ambition to return a significant part of cash back to shareholders quickly ...
Environmentalists File Second Complaint to Block Nord Stream 2
Environmental campaign group ClientEarth has filed a complaint with a court in Sweden to block the construction through Swedish waters of the Nord Stream 2 gas pipeline intended to transport Russian gas to Germany, it said on Wednesday.Sweden approved the pipeline in June, but ClientEarth's complaint argues that the Swedish Ministry of Enterprise and Innovation failed to consider the impact the project would have on wildlife in the Baltic Sea.The work involves detonating World…
Electrification in a New Era for the O&G Industry
With the recovery in oil prices, deepwater and ultradeep water oil and gas (O&G) projects are the focus of renewed interest. Project viability will come down to a continued focus on cost, but also productivity through high-performing assets. And electrification is set to drive a dramatic impact of these high-tech production facilities for more efficient operations.Following a prolonged downturn in prices, a flicker of life has returned to offshore production projects with oil recovering to around $70/barrel.
Offshore Optimism is Cautiously on the Rise
Following the path of oil prices, consolidation also follows myriad financial crises. What happens next isn’t altogether clear, but the long, deep trough for offshore energy may finally be in our choppy wake.In mid 2017, financial turnaround and financial repairs specialist Alix Partners made a bold statement regarding the beleaguered Offshore Service Vessel (OSV) marketplace. In a July 2017 report, following an analysis of 44 participants in the business, the restructuring team wrote: “The industry faces grave financial pressure…
Ultra-Deepwater Port Location Revealed at Shetland
Scottish Government identifies Dales Voe in Lerwick in Shetland as “preferred site” for an "ultra deep water" decommissioning port after UK-wide feasibility study.Scotland’s supply chain could be set to win more large scale decommissioning projects, after Dales Voe in Shetland has been identified as the optimal location for an ultra-deep water port.The Lerwick location was selected following a UK-wide feasibility study, conducted by Ernst and Young, has as the optimal and most…
Okea Weighs Its Options for Grevling Oil Discovery
Norwegian oil firm Okea is looking at four options to develop its North Sea North Sea Grevling oil discovery, which in turn could impact on the company's valuation in a deal with Thai investor Bangchak Corporation PCL (BCP), it said on Tuesday.BCP has agreed to invest 939 million Norwegian crowns ($112.25 million) in Okea to partly finance the company's 4.5 billion crowns acquisition of Royal Dutch Shell's stakes in the Draugen and Gjoea fields.Okea, which plans to list on the Oslo stock market in the next 12 months, said the deal between BCP and Okea's majority owner, private equity firm Seacrest Capital, values the Norwegian oil firm at 860 million Norwegian crowns.The valuation could fall, however, to 778 million crowns, or rise to 940 million, depending on whether or not the company is
CGG Plans to Delist from the NYSE
CGG S.A., an geoscience company providing geological, geophysical and reservoir capabilities, said that the Board of Directors has unanimously approved the voluntary delisting of its American Depositary Shares from the New York Stock Exchange and its voluntary deregistration with the U.S. Securities and Exchange Commission.According to a press release on the matter, CGG said that the costs associated with continuing the listing and registration of its ADSs exceed the benefits received by CGG…
Dellner Brakes Acquires JHS Jungblut
Swedish-based marine and industrial brake supplier Dellner Brakes said it has acquired German brake specialist JHS Jungblut in a move that aims to strengthen the company’s offering in the wind energy market, and also enable further global expansion, particularly in the Far East.The enlarged company will operate under the Dellner Brakes JHS GmbH brand. Kai Kölker has been appointed Vice President for Dellner Brakes JHS GmbH and will be running the company’s wind business division in Dorsten…
Baltic Index Falls as Capesize Rates Touch 10-Week Low
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, dipped on Monday as the capesize vessel segment touched its lowest in 10 weeks.* The overall index, which factors in rates for capesize, panamax and supramax vessels, fell 8 points, or 0.5 percent, to 1,482 points.* The capesize index lost 48 points, or about 2 percent, to 2,363 points, its lowest since July 2.* Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, decreased $307 to $18,369.* The panamax index rose 16 point
Wintershall Awards Frame Deal to DOF Subsea
Norwegean-based international subsea operating company DOF Subsea said in a press release that it has been awarded frame agreement for marine subsea services from Wintershall."The Atlantic region has been awarded a Frame Agreement for marine subsea services from Wintershall. During the course of the Contract, Wintershall may call-of services as required within Survey, IMR and Light Construction using DOF Subsea's integrated PM&E teams and fleet of subsea vessels," said the release.The duration of the agreement is 3 years firm…
Rutter Releases Sigma S6 V9.2.0
Rutter Inc. has released the latest update to the Rutter sigma S6 product line, version 9.2.0. This new version is being released for general availability this week. It is also available as an upgrade on existing systems for qualifying customers.Rutter’s proprietary radar data processing system interprets data from both conventional marine navigational and coastal surveillance radars, providing enhanced radar imagery and state of the art detection, tracking, and measurement capabilities.
Aker BP, Maersk Drilling Sign Rig Contract off Norway
Maersk Drilling and Aker BP have signed a one-year contract to deploy the Maersk Integrator jack-up rig off Norway from June 2019, Aker BP said in a statement on Thursday.The contract, based on an alliance created between the two firms and Halliburton in 2017, is based on market-rate terms and holds the possibility of a sizeable upside for all parties, based on actual delivery and performance, it said.Maersk Integrator will finish its current campaign on the Gina Krog field off Norway in June 2019, and then go directly to the Ula field in the North Sea for a new one-year assignment with Aker B
Five Migrants Found Dead in Spanish Waters
Five migrants drowned and 193 were rescued in the western Mediterranean sea off the Spanish coast, the Spanish coastguard said on Thursday, after six rafts sank.Spain has become the main entry point for migrants fleeing Africa to seek a better life in Europe, overtaking Italy and Greece, as Italy's new populist government refuses to admit rescue boats.Dozens of migrants dressed in hooded white forensic suits disembarked from a rescue vessel on Thursday in the port of Motril in the southern region of Andalusia, video footage showed.Survivors from one of the rafts rescued said four other people had been lost at sea earlier in the journey…
World’s Largest Offshore Wind Farm Opens
The world's largest offshore wind farm will open on Thursday off the northwest coast of England when Danish energy group Orsted unveils the Walney Extension project.The wind farm has a capacity of 659 megawatts (MW), enough to power almost 600,000 homes, and overtakes the London Array off England's east coast which has a capacity of 630 MW.Walney Extension is made up of 87 turbines built by Siemens Gamesa and MHI Vestas, and covers 145 square kilometers (55 square miles), which is equivalent to around 20,000 football pitches.The 40 eight-megawatt MHI Vestas turbines being used stand 195 meters
SBM Offshore to Pay Additional Fines to Petrobras
SBM Offshore has reached a settlement to pay additional leniency fines of 200 million reais ($48.27 million) to Brazil's state oil company Petroleo Brasileiro SA, Brazilian prosecutors said on Wednesday.As a result of a long-running corruption investigation, the Dutch marine engineering group SBM has agreed to pay a total of 1.4 billion reais in fines and compensations for its role in the scandal.
US Gulf Oil Output Takes a Hit from Storm
Tropical Storm Gordon forced a cut of 9.36 percent of crude oil production in U.S.-regulated areas of the Gulf of Mexico, slightly more than Tuesday, the U.S.
ABB Rolls Out Next-generation DP System
ABB said its new dynamic positioning (DP) system unveiled at the maritime trade fair SMM sets out to simplify ship maneuvering, enable safer, more efficient ship operations and even help to pave the way toward autonomous shipping.With its user-centric design and intuitive touchscreen-based user interface, ABB Ability Marine Pilot Control reduces the workload on automating navigational tasks and allows bridge officers to focus holistically on the overall control and positioning of the ship, ABB explained.
Azerbaijani Vessels Completes Filanovsky Mission
The vessels of Azerbaijan Caspian Shipping Company (ACSC) have successfully completed their mission at the “Filanovski” oilfield in the Russian sector of the Caspian Sea.A press statement from ACSC said that the towing vessel “Yarnega”, owned by Azerbaijan Caspian Shipping Company and lift vessel “Gurban Abbasov” expolited by Shipping Company in alliance with Caspian Marine Services (CMS) successfully completed their missions in “Filanovski” oil field in the Russian sector of the Caspian Sea…
Gulf Platforms Shut ahead of Hurricane
U.S. oil prices edged up on Tuesday, rising back past $70 per barrel, after two Gulf of Mexico oil platforms were evacuated in preparation for a hurricane.U.S. West Texas Intermediate (WTI) crude futures were at $70.04 per barrel at 0034 GMT, up 24 cents, or 0.3 percent from their last settlement.Anadarko Petroleum Corp said on Monday it had evacuated and shut production at two oil platforms in the northern Gulf of Mexico ahead of the approach of Gordon, which is expected to come ashore as a hurricane.International Brent crude futures…
Transocean to Buy Ocean Rig in $2.7 Bln Deal
Offshore oil driller Transocean Ltd said on Tuesday it would buy peer Ocean Rig UDW Inc in a $2.7 billion cash-and-stock deal, its second major acquisition this year as the company bets on a recovery in the offshore sector.The acquisition signals new optimism for offshore drillers, which were hit hard by the steep plunge in oil prices from 2014. Offshore projects, which are more costly than onshore work and take years to develop, became less attractive after oil prices fell to below $30 a barrel in 2016.Global crude prices have since recovered to above $70…
U.S. Gulf Coast Ports Restricting Traffic Ahead of Storm Gordon
Vessel traffic along the U.S. Gulf Coast on Tuesday was under restrictions ahead of Tropical Storm Gordon, which is expected to make landfall as a category 1 hurricane near the Mississippi-Alabama border.Ports from New Orleans to Mobile, Alabama were closed to inbound traffic greater than 500 tons at 8 a.m. local time, said Coast Guard Petty Officer Alexandra Preston. The port of Pascagoula, Mississippi was closed to traffic by the U.S. Coast Guard, Harbor Master Cliff Porter said on Tuesday.Reporting by Jessic Resnick-Ault in New York and Erwin Seba in Houston
ChartCo Announces New Integrated Platform
Digital navigation services and voyage compliance company ChartCo announced a completely new e-navigation and compliance platform at this year’s SMM in Hamburg. The launch provides an insight into the future direction of the company, following a period of high investment in product development.ChartCo OneOcean is a unitary platform that will make life simpler for both mariners at sea and management teams ashore. It will play an important role in how shoreside operations and shipping fleets are managed…
Completing ‘The Next Level’: Synapsis NX at SMM
Raytheon Anschütz has unveiled a new suite of navigational software, designed for intuitive operation and enhanced with smart functionality at SMM 2018. The new Radar NX and ECDIS NX software complete the Synapsis NX series of innovative bridge navigation systems.Visitors to the Raytheon Anschütz stand at SMM will see the new design introduced with Synapsis NX at glance. Modern, consistent and fancy user interfaces, together with a lean and ergonomic bridge design, dominate the…
Storm Gordon Starts Kicking Up Waves on U.S. Gulf Coast
Waves began to batter parts of the U.S. Gulf Coast on Tuesday as the region felt the first hit of Tropical Storm Gordon, which is expected to become a hurricane before it comes ashore with high winds and heavy rain, forecasters said.The storm also caused a jump in global oil prices after the evacuation of two oil platforms in the Gulf of Mexico.Gordon was due to come ashore late on Tuesday near the border between Louisiana and Mississippi, and drop as much as 12 inches (30 cm) of rain in areas still recovering from last year's hurricanes…
Spirit Energy Invests in West of Shetland
Spirit Energy will invest in exploration and appraisal West of Shetland for the first time early next year after farming into 50% of Hurricane Energy’s Greater Warwick Area.Spirit Energy will fund a $180 million (£139 million) campaign to drill three wells 100km West of Shetland, to further prove up the potential of an area which holds an estimated 2 billion barrels of oil equivalent (boe) in prospective and contingent resources.The three wells will be drilled in licences operated by Hurricane Energy (“Hurricane”).
Brazil Becomes Core Ares for Equinor
With daily oil production of over 90 000 barrels per day from current fields and with expected investments of more than 15 billion USD until 2030, Brazil has become a core area for Equinor.A press release said that Brazil stands out globally as one of the most promising offshore oil and gas basins with a significant remaining resource base. In addition, the country has a huge potential within renewable energy.Brazil is a great fit with Equinor’s strategy, using the strengths from the experience on the Norwegian Continental Shelf.
Wintershall Norge Extends Contract with Energy Swan
Norwegian OSV operator Golden Energy Offshore Services (GEOS) has been awarded a contract extension by Wintershall Norge for 2005-built platform supply vessel Energy Swan.A press release from GEOS confirmed that a contract extension has been secured with Wintershall Norge AS.The contract is in direct continuation of the charter contract from 2013. The large PSV Energy Swan was in 2013 chartered for a firm period of 4 years + optional (total of 4 years options).Wintershall Norge…
Bibby Hydromap's DriX Completes Trials
UK-based survey specialist Bibby HydroMap have announced the successful completion of testing of ‘DriX’, the 8-metre Autonomous Unmanned Survey Vessel (AUSV) developed by iXblue.Designed to provide a true extension of survey capability from shallow and inshore waters to a full offshore environment, DriX is a new breed of AUSV that is the first autonomous survey platform to truly rival the performance of a traditional survey vessel.The versatile system has the ability to accommodate a hydrographic and geophysical survey payload and to aid positioning of underwater vehicles…
Bristow Commences New Contract in Barents Sea
Bristow Norway AS is commencing a previously announced five-year contract today (September 1, 2018), from its Hammerfest base. Bristow will provide helicopter offshore crew change services and search and rescue (SAR) services to support Eni Norway and Equinor."We are very proud of the recognition we have received in securing this work in the Barents Sea," said Area Manager Norway Heidi Wulff Heimark. "This confirms that the work our employees do every day brings results. The contract…
PSA Okays MOL Norge North Sea Well
Hungarian operator MOL Norge has permission from Norway’s Petroleum Safety Authority (PSA) to drill an exploration well in the southern Norwegian North Sea.The jackup Rowan Viking will spud well 2/6-6 S in license PL 860 next month, targeting the Oppdal/Driva prospect.The location is 45 km (28 mi) east of the Valhall and Ekofisk fields and 20 km (12.4 mi) north of the offshore median line with Denmark, in a water depth of 70 m (229 ft).Drilling is scheduled to begin in September…
Polaris Acquires Falck Safety Services and Falck Fire Academy
Polaris and Falck have signed an agreement whereby Polaris will acquire 100 percent of the shares in Falck Safety Services Holding A/S and take over all Safety Services activities in Falck for an undisclosed sales price. This transaction, expected to close during September 2018, also includes the Falck Fire Academy in the Netherlands.Falck President & CEO Jakob Riis said, “We are focusing our business and reducing complexity to build leadership in our core business areas. Safety Services is a leader in rescue and safety training.
Maersk Rig Contracted to Aker BP
Maersk Drilling and Aker BP have agreed to a new two-year contract to reactivate and quickly deploy jack-up rig Maersk Reacher in the Norwegian part of the North Sea.Maersk Reacher will be deployed as an accommodation rig, with the option of repurposing the rig for plugging & abandonment for the final phase of the contract. The rig is expected to commence operations in its new role by October, 2018.The flexible contract is agreed upon in continuation of the alliance between Maersk…
Maersk Tankers Tests Wind Power to Fuel Ships
Maersk Tankers is testing the use of wind power to fuel its ships, a new technology it says can cut fuel consumption by up to 10 percent and help the industry reduce polluting emissions.The move comes as the global shipping industry is suffering from rising oil prices and preparing for fuel costs to rise further by around a quarter, or some $24 billion, in 2020 when new rules limiting sulphur kick in.The company has installed two 30-metre tall metal cylinders on board the Maersk Pelican, a Long Range 2 (LR2) product tanker vessel.
Blowin’ in the Wind: Five Misconceptions of Wind Propulsion on Ships
In examining the history of commercial ships, the common refrain is “from sail to steam to diesel.” If the International Windship Association (IWSA) is right, that common refrain one day could be “from sail to steam to diesel … to sail.”As the collective maritime industry struggles to find a future proof propulsion system to meet ever stricter environmental emissions mandates from the IMO, serious talk and research is being paid to alternative technologies such as wind propulsion.
Aqualis Offshore, Skuld Maritime Agency Under Investigation in Scrapping Case
Aqualis Offshore and Norwegian Insurer Skuld Maritime Agency are under investigation for their involvement in the attempt to illegally export the Harrier to Pakistan for scrapping.NGO Shipbreaking Platform, quoting DN said that Aqualis Offshore issued two certificates for the ship – one for a break-up voyage to Pakistan, another for a voyage to Oman – and it is suspected that the latter was issued to dupe Norwegian authorities in order to circumvent the European waste export ban.Skuld…
Galloper Contract Goes to Granada
Galloper Wind Farm Limited Ltd has awarded a contract to Granada Material Handling Ltd for service and maintenance of all 58 davit crane units installed on the 353MW project, 56 on wind turbine foundations and two on the offshore substation.Situated 27km off the Suffolk coast, the Galloper Offshore Windfarm Limited (GOWL) already has one of Granada’s unique Python cranes fitted to each of the 56 wind turbine foundations, with another two on the OTM platforms."Building on the success of their 2016 contract to design…
Noble Chooses Kongsberg for Drillship Monitoring Package
Noble Corporation has contracted Kongsberg Maritime to deliver an advanced new real-time monitoring and advisory solution for the Noble Tom Madden drillship.The contract reflects a growing requirement for deep technology integration on drilling platforms and ships, where sharing vital data on board and ashore results in a state-of-the-art real-time monitoring and advisory solution that will provide significant benefits for operational safety while reducing non-productive time (NPT).The Gusto P10000 design Noble Tom Madden deepwater drillship will join Noble Corporation’s Noble Bob Douglas…
University of Miami’s Hurricane Research is Helping Save Lives
As the 2018 Atlantic hurricane season unfolds, millions of people along the Eastern seaboard of the USA are keeping a careful watch on the weather forecast. What are researchers doing to improve the prediction of hurricane intensity – and ultimately help save lives?While experts are able to predict the track a hurricane will take with increasing accuracy, predicting their intensity is much more of a challenge.“We saw several times in this last hurricane season where storms just intensified really rapidly…
Harvey Gulf to Reflag Some Assets as it Expands International Reach
Harvey Gulf International Marine has confirmed that it is going global with the reflagging of both Offshore Supply and Fast Supply Vessels to facilitate work in Mexico.Harvey will open additional offices in Mexico through its affiliate, Harvey Gulf International Marine de Mexico S.A.P.I. de C.V. Harvey will also establish itself in Trinidad and Guyana by opening offices and redeploying shore base personnel and vessels to those areas.Harvey will certify vessels for operation under Mexican flags to ensure its customers can receive Harvey service levels for their expanding Mexico operations.
Ocean Installer Wins First Contract in China
Ocean Installer has been awarded a contract for 3rd Party Verification and Engineering Support work for the Liuhua 29-1 Gas Field Development located in the South China Sea.The work scope encompasses 3rd party verification of detailed design and subsea construction engineering, as well as various other support functions to the client’s engineering team.This is the company’s first job in China, and Ocean Installer will conduct the work as a subcontractor to COOEC Subsea Technology Co.…
Permian Pipeline Constraint Stalls Growth
The world’s most important oil growth region – the Permian Basin – will experience a setback with 345 completions likely to be deferred by the end of 2019 due to pipeline takeaway capacity constraints, according to a new US Drilling & Completion report from Westwood Global Energy Group (Westwood).The report predicts that all the supply chain logistics and capital, which were allocated towards 345 expected completions, will now have to find either new buyers or be stored in a warehouse…
New Liebherr Offshore Crane
Liebherr-MCCtec Rostock GmbH has presented the latest innovation for the offshore crane market at the ONS exhibition- the RL-K 2600. The ram luffing knuckle boom crane series has been extended by this model which is especially characterized by a very compact design. Since space on deck is an increasingly important issue in the offshore sector, Liebherr has developed a new solution which meets the customers’ requirements. With a small tail swing radius of less than 3 meters the new RL-K 2600 significantly reduces restriction on freedom of movement on platforms and vessels.
Equinor Explores Floating Wind Turbines to Power N.Sea Oilfields
Norway's Equinor said on Tuesday it is considering whether to build a pioneering offshore wind farm with floating turbines to supply electricity to two North Sea oilfields as part of a strategy to curb greenhouse gas emissions.The project at the Gullfaks and Snorre oilfields would cost around 5 billion Norwegian crowns ($592 million) and could reduce Norway's emissions of carbon dioxide by more than 200,000 tonnes per year, Equinor said."This could be the first time an offshore wind farm is directly connected to oil and gas platforms," state-controlled Equinor said in a statement.
Rolls-Royce Battery System for Two Offshore Vessels
Rolls-Royce Commercial Marine said it has received an order to deliver a battery-powered energy system for two offshore vessels (PSVs) operated by Norway-based Golden Energy Offshore.The delivery includes the SAVe Energy system, which was launched by Rolls-Royce earlier this month. In addition, the two vessels will receive an upgrade of the existing Rolls-Royce ship design engineering package to match the new features. This includes an upgrade of the Dynamic Positioning (DP) system…
Equinor to Boost Drilling to Extend Norwegian Shelf Life
Oil producer Equinor aims to boost the recovery rate from its Norwegian fields to well above the global average to extend production from the mature basin beyond 2030.Equinor announced plans on Tuesday to drill up to 3,000 wells offshore from its native Norway in coming decades - almost as many as it has drilled since its startup in 1972 - to mitigate declining output from older fields, and extend the production lifetime of more than 20 installations.The company said it remained on track for to keep profitable oil and gas production in Norway towards 2030…
Dynagas LNG Partners Gets Extension of Yamal LNG TC
Dynagas LNG Partners has entered into an agreement with Yamal Trade for the early commencement of the long term charter contract for employment of the ice class liquefied natural gas (LNG) carrier Yenisei River in the Yamal LNG Project. The owner and operator of LNG carriers said that pursuant to this agreement, the Yenisei River will commence operating 180 days earlier and as a result, the firm charter period has been extended from 15 years to 15 years plus 180 days. The Yenisei River was delivered early to Yamal LNG on August 14…
Kongsberg Digital Rolls-out Digital Twin Technology
Kongsberg Digital launched their new digital twin - groundbreaking technology connects the digital and physical worlds to enable efficiency throughout the production lifecycle- after a successful feasibility study with Equinor.The new twin is a virtual model of unmanned production facilities for oil and gas. Combined with Kongsberg’s Kognifai solution it becomes a collaborative arena allowing users onshore to explore planned or existing assets offshore.It delivers intimate understanding of operations, behavior, maintenance, costs, performance, and much more.
Total Pact with Stena Drilling for Laggan Well
Aberdeen-based Stena Drilling has announced that it has signed a deal with French oil giant Total to drill one well at the west of Shetland, Laggan field.A press release from Stena Drilling said: "We have signed a contract with Total E&P UK Ltd. for the Stena Don in 2019 to drill one well on the Laggan field located west of the Shetland Islands in water depths of up to 650m."The Stena Don is currently working for Total E&P UK on an Exploration well which is also located west of the Shetland Islands.
Ampelmann Secures North Sea Decommissioning Project
Dutch offshore access solutions provider Ampelmann said it has made another step forward in the field of decommissioning with a recently secured contract in the Southern North Sea.An E-type gangway system has been installed on the Olympic Orion vessel to carry out a two-month campaign for end client Spirit Energy to prepare the Audrey platform for decommissioning.The E-type is the largest fully motion compensated system within the Ampelmann portfolio. Operating globally, it has enabled more than 300…
Kongsberg's Operational Advisory Solution for Harsh Environment Semi-Submersible
Odfjell Drilling has awarded Kongsberg Maritime the contract to deliver a real-time monitoring and advisory solution to provide operational safety and non-productive time (NPT) improvements for the 6th generation semi-submersible, Deepsea Stavanger. The contract is in specific relation to an upcoming offshore South Africa campaign awarded to Odfjell Drilling.Kongsberg Maritime’s integrated services and systems delivery for Deepsea Stavanger is designed to provide high operational safety and availability in deepwater harsh environments, strong currents and high waves.
Egina FPSO Sails to Offshore Field
The $3.3 billion Floating Production Storage Offloading (FPSO) unit built by Samsung Heavy Industries of Korea (SHI) for the 200,000 barrels per day capacity Egina oilfield began to sail to the oilfield Sunday, reports local media.Following fabrication and integration works in Lagos, the FPSO will arrive in three days’ time at the Egina oilfield located in Oil Mining Lease (OML) 130, which is being developed at the cost of $16 billion by the French oil major, TotalT.Nicholas Terraz…
Jesper Ridder Olsen is New CFO of Maersk Drilling
Jesper Ridder Olsen is appointed new CFO of Maersk Drilling. The appointment follows the announce-ment of A.P. Moller – Maersk’s intention to pursue a demerger of Maersk Drilling via a listing on Nasdaq Copenhagen in 2019.With a long career in KPMG and Ernst & Young, Jesper Ridder Olsen has been involved in a number of capital market transactions, including IPOs, in addition to serving as auditor and advisor for large Danish companies, such as A.P. Moller – Maersk, ISS, Carlsberg and Danske Bank.As member of the Nordic Leadership in Ernst & Young from 2014 to 2016…
POSH Xanadu Wins Accommodation Contract From Petrobras
Brazilian oil company Petrobras has awarded a second charter to the POSH-owned semi-submersible accommodation vessel (SSAV) POSH Xanadu.The 750-pax POSH Xanadu will be supporting Petrobras' production activities in the Campos Basin, right after she completes her current job at the Chevron Big Foot Tension Leg Platform in the U.S. Gulf of Mexico. The firm contract with Petrobras is for eight months, with an option for an additional eight-month extension.This is the second charter POSH Xanadu has won from Petrobras, having supported the company between 2015 and 2016, also in the Campos Basin.
Oceanteam appoints Leidus Bosman as New CEO
Dutch offshore services company Oceanteam ASA announced that its Board of Directors has appointed Leidus Bosman as Chief Executive Officer (CEO) with effect from 15 October 2018.Diederik Legger, former Board Member of Oceanteam and acting as interim CEO since 16 May 2018 resigns per 15 October 2018. Thereafter Legger will remain connected to the Company in the role of advisor to the Board of Directors. Mr. Bosman has a broad international experience in the offshore industry, among others…
TGS, Fairfield Geotechnologies Join for Delaware Basin Project
TGS announces its latest multi-client project in the Delaware Basin, Quail Ridge East, which will be conducted in collaboration with Fairfield Geotechnologies. The collaboration also includes an Area of Mutual Interest (AMI) for further joint opportunities in the area.The Quail Ridge East 3D survey is optimally located on the north flank of the Delaware Basin, extending TGS' current data portfolio to cover a minimum of 330 km2 in Western Lea County, New Mexico. The area draws strong industry attention with proven production from multiple stacked zones including the prolific Delaware Sands…
Solstad Farstad Bags Contract with Fairfield Industries
Solstad Farstad ASA (SOFF) has entered into a contract with Fairfield Industries Inc. for the CSV “Normand Tonjer”. The contract will commence in 3Q 2018 and has a duration of one year firm plus two yearly options.Fairfield will use the vessel to support their innovative worldwide ocean bottom seismic survey using node-based technology.Solstad Farstad has updated other contracts too. The key contracts in the subsea construction segment include Far Saga contract extension with Petrobras until 2Q’20…
Alcatel Submarine Networks Bags Contract from Equinor
Digital technology developed in Norway will help improve recovery from the Johan Castberg field in the Barents Sea.Equinor has awarded Alcatel Submarine Networks a contract for permanent reservoir monitoring (PRM), which in turn has signed a letter of intent with Nexans Norway AS for delivery of subsea cable.“PRM is a central element of the digital strategy for Johan Castberg and will be an important tool in improving the Johan Castberg recovery rate,” says Johan Castberg project director Knut Gjertsen.The technology is developed in Norway…
ChartCo to Announce New Integrated Platform at SMM
ChartCo, a leader in digital navigation services and voyage compliance, will announce a completely new e-navigation and compliance platform at this year’s SMM in Hamburg. ChartCo OneOcean will play an important role in how shoreside operations and shipping fleets are managed whilst offering significant benefits to onboard crew. The new product announcement will provide visitors with an insight into the future direction of the company following a period of high investment in its…
Torrential Rain, Howling Winds as Hurricane Lane Nears Hawaii
Hurricane Lane, a powerful Category 3 storm, spun slowly north out of the Pacific toward Hawaii on Friday, causing torrential downpours and catastrophic flooding on the Big Island.The greatest threat from wind and rain shifted to Maui overnight and then to Oahu, the U.S. state's most populous island, through Friday, the National Weather Service said. Hurricane conditions were possible over Kauai into Saturday, according to forecasts.More than 2 feet (60 cm) of rain had already fallen on a few areas on the windward side of the Big Island…
Excelerate Energy Commissions Bangladesh’s First LNG Import Terminal
Excelerate Energy Bangladesh completed the commissioning of its Moheshkhali Floating LNG (MLNG) terminal – Bangladesh’s first liquefied natural gas (LNG) import facility – signifying the official commencement of operations for the project.This milestone was achieved approximately 25 months after the execution of project agreements, which took place in July 2016, with the state-owned Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) and 13 months following the receipt of all permits required to achieve financial close in August 2017 with its lenders…
Migrant Boat Sinks Off Tunisia, at Least Five Dead
Tunisia’s coast guard said it recovered the bodies of five migrants on Thursday whose boat sank as they tried to cross the Mediterranean to the Italian island of Lampedusa.Crews were now searching for another five Tunisians that relatives had said were also on the boat that set off this week from the southern coastal community of Zarzis, the coast guard added.Human traffickers are increasingly using Tunisia as a launch pad for migrants heading to Europe as the Libyan coast guard, aided by armed groups, has tightened controls.Many Tunisian migrants say they are fleeing high unemployment and inflation - part of an economic crisis that hit after the toppling of autocrat Zine al-Abidine Ben Ali in 2011.At least 80 migrants died when their boat sank off the Tunisian coast in June, one of the wo
Kongsberg to help outfit Awilco Rig
Kongsberg Maritime has been selected by global offshore and marine group Keppel Offshore & Marine to provide an extensive and integrated technology delivery for a new semi-submersible drilling rig ordered by UK-based drilling contractor Awilco Drilling PLC. The contract is valued at around $18 million. Based on the Moss Maritime CS60 ECO MW design, Awilco Drilling’s new rig is designed for harsh environment use, and will be equipped and certified for drilling on the Norwegian Continental Shelf…
Hoegh Backs Out of Chile LNG Project but Buoyant on Market
Hoegh LNG said on Thursday it had let agreements lapse in Chile that tied one of its floating liquefied natural gas (LNG) import vessels to a project there because approvals for the initiative were likely to be delayed again.The Norwegian company was due to provide a floating storage and regasification unit (FSRU) to GNL Penco for 20 years under a 2015 deal, with an original start date of the second quarter of 2018, but regulatory permits were slow in coming.Hoegh said it had been "made aware that the planned approval process for the GNL Penco FSRU project is likely to be further delayed…
Esvagt Appoints Peter Lytzen as CEO
Esvagt, the dedicated provider of safety and support at sea, has appointed Peter Lytzen as CEO with effect from 1 September 2018.Peter brings over 30 years’ experience and has held numerous senior positions in the offshore industry. Most recently, Peter was a member of the Executive Committee of Teekay Offshore and CEO of Teekay Petrojarl.Prior to this, Peter was Vice President of Maersk Drilling, responsible for their Floating Production activities, and Project Director at Maersk Oil for a number of projects in the North Sea.
Offshore Cape Three Points Begins Gas Delivery to Ghana
Vitol said that the Offshore Cape Three Points (OCTP) integrated oil and gas project offshore Ghana has commenced delivery of gas from the Sankofa field to Ghana National Petroleum Corporation (GNPC).Both Vitol and GNPC are partners in the OCTP project alongside operator Eni. The offshore project is expected to provide stable supplies of cost effective and environmentally friendly, domestic fuel for the Ghanaian power sector, said Vitol.The estimated net cost of gas to Ghana will be less than $4.5/MMBtu…
MMT Inks 10 New Contracts over 2 Months
Swedish based marine surveyor MMT has during the past two months received 10 new subsea survey and inspection projects within the offshore wind, renewable energy and oil and gas industries.MMT said the contracts, some of which are in joint collaboration with MMT’s Norwegian partner Reach Subsea, come from a wide portfolio of old and new clients, including Siccar Point Energy, Equinor, Perenco, SSE, Örsted, Vattenfall, GreenLink Interconnector, National Grid, Wintershall and BP Trinidad.Services range from traditional geophysical surveys to unexploded ordinance (UXO) inspection and excavation…
New Zealand Navy Buys OSV from Østensjø Rederi
Norwegian shipowner Østensjø Rederi said it has signed a contract to sell the light construction vessel Edda Fonn to the Royal New Zealand Navy (RNZN).The purchase price, including modifications and other services, is reportedly $103 million.The 84.7-meter vessel will be outfitted with dive-, ROV- and hydrographic system by Østensjø Rederi early next year, before being delivered to the RNZN in Auckland in May 2019. The modifications are as per RNZN specification and will be carried out in close cooperation with the purchaser.