Statoil Awards Contract for Subsea 7’s Seven Viking
Subsea 7 S.A. said it has received a contract from Statoil to provide subsea inspection, maintenance and repair (IMR) services on the Norwegian Continental Shelf.Subsea 7 did not specify a dollar amount for the awarded work, but said the contract is worth between $150 million and $300 million.Offshore activities will begin in January 2019 using Subsea 7’s IMR and light construction vessel Seven Viking, built at Norwegian shipyard Ulstein Verft in 2013.The contract involves the provision of a life of field support vessel Seven Viking for five years, with options for extensions.
Croatia Acts to Cut Red Tape for FSRU Terminal Project
The Croatian government proposed a special law on Thursday to facilitate the construction of an EU-backed liquefied natural gas (LNG) terminal in the northern Adriatic.The floating terminal is expected to start operations in 2020.The European Union wants the facility to help diversify sources of supply and reduce dependence on Russian gas, most notably for countries in central Europe.Brussels will invest 101.4 million euros ($121 million), or 28 percent of the project's assessed value.The law…
Gorgon LNG Faces Scrutiny on Delayed Carbon Capture Project
The state of Western Australia has ordered an inquiry into a delay in burying carbon dioxide emissions at Chevron Corp's Gorgon liquefied natural gas (LNG) project, which could lead to a change in conditions on the project.The state approved the $54-billion Gorgon project in 2009 on the condition that at least 80 percent of carbon dioxide released in its gas processing operations over a five-year rolling average period would be buried."It has become apparent there needs to be a clearly defined start point for the commencement of the five-year rolling average…
Eniram Signs On LNG Powered Bulk Carrier Project
The Project Forward initiative, which is led by Athens-based Arista Shipping, has produced an energy efficient dry bulk carrier vessel that features liquefied natural gas (LNG) propulsion.Finnish clean-tech software engineering company Eniram, a Wärtsilä company, said it has signed a Memorandum of Understanding (MoU) to assist in the development of monitoring and optimization tools.“Our input will help ensure that operational visibility will be maximized, and that the new ships can operate at optimal efficiency…
Kawasaki Kisen, 3 Others Set up LNG Bunkering Ventures
Kawasaki Kisen Kaisha, Chubu Electric Power, Toyota Tsusho, and Nippon Yusen KK said on Thursday they have agreed to launch a liquefied natural gas (LNG) bunkering business in Japan and have set up two joint ventures.The companies plan to start supplying marine traffic in the Chubu region in central Japan, they said in a statement.LNG has been promoted as an alternative to bunker fuel oil for shipping lines facing a 2020 deadline to meet new international standards on sulfur emissions.(Reporting by Osamu Tsukimori; editing by Richard Pullin)
Record 16 Companies Register for Brazil Pre-salt Auction
A record 16 oil companies, including heavyweights like Royal Dutch Shell Plc, have registered to participate in the so-called fourth round of bidding for stakes in Brazil's coveted pre-salt layer, oil regulator ANP said on Thursday.American firms Chevron Corp and Exxon Mobil Corp, Norway's Statoil and France's Total SA are also registered for the June auction of blocks in the offshore play, where billions of barrels of oil are trapped under a thick layer of salt below the ocean floor.(Reporting by Roberto Samora and Alexandra Alper; Editing by Lisa Shumaker)
Baltic Index Rises to Over 20-wk High
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday as rates for capesize vessels climbed to four-month highs.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 19 points, or 1.3 percent, at 1,472 points, its highest since Dec.
Awilco Drilling Signs Contract With Shell
Aberdeen-based Awilco Drilling said today that it had tied up a contract with Shell UK for the decommissioning of 18 wells. "Awilco Drilling PLC is pleased to confirm that a contract has been signed with Shell UK Limited for the provision of WilPhoenix for a decommissioning program of 18 firm wells plus options totalling a further 8 wells," said a press release from the company. The firm 18 well program has an estimated duration of 330 days and is scheduled to commence around 1 September 2018. The contract value for the firm term is estimated at USD 38.3 million.
McDermott Closing CB&I Deal
Offshore engineering firm McDermott International Inc will close its acquisition of Chicago Bridge and Iron Co NV on Thursday, creating an integrated onshore and offshore services group that will expand its presence in the Middle East.McDermott's offshore engineering and construction work will combine with CB&I's onshore skills including liquefied natural gas (LNG) and power plants. McDermott will bolster its service offerings in Saudi Arabia, where it is already adding facilities and has contracts with national oil company Saudi Aramco.David Dickson, McDermott's chief executive officer who this week met with Saudi Aramco executives in Houston, said on Tuesday the kingdom "is going to be a big part of our future.
Petrojarl I FPSO Begins Working its 10th Field
Teekay’s three-decades-old floating production, storage and offloading (FPSO) Petrojarl I has achieved first oil and commenced its five-year charter contract with a consortium led by Queiroz Galvão Exploração e Produção SA (QGEP) on the Atlanta oilfield, which is the vessel’s 10th field over its lifetime.The Atlanta field, located in Block BS4 in the Santos Basin offshore Brazil, is a post-salt oilfield in water depths of approximately 1,500 meters about 185 kilometers from Rio de Janeiro.
Shell, Total to Develop Gas Project in Oman
Total has signed a Memorandum of Understanding (MoU) with the Government of Oman to develop natural gas resources in Oman. This MoU covers both upstream and downstream businesses. Total and Shell as operator will develop several natural gas discoveries located in the Greater Barik area on onshore Block 6 with respective shares of 25% and 75%, as per the agreement between both companies and before possible State back-in, with the objective of an initial gas production of around 500 MMcfd and a potential to reach 1 bcf/d at a later stage.
Renewed Optimism is Exploration
Renewed optimism is the theme for exploration in 2018, driven by higher oil prices and improving exploration performance. The cost of exploring has fallen more than 50% since 2013/14 and there are fewer companies competing for acreage, said a research report by Westwood Global Energy Group. It could be argued that there has not been a better time to be exploring in the last decade. The geology economic to explore increases considerably above $60/barrel and in the first quarter of 2018 the oil price averaged $67/barrel.
Shell Gets Mexico LNG Supply Tender
Royal Dutch Shell will supply Mexico with six LNG cargoes to be delivered in May and June, Reuters has reported, citing trade sources. State-run utility CFE held a tender on 2 May for deliveries to Mexico’s Altamira terminal in the Gulf of Mexico. According to the tender, deliveries are set to be made to the Vopak-operated Altamira LNG import terminal on Mexico’s Atlantic coast. There are six delivery windows for each cargo staggered throughout May and June. The delivery windows for the cargoes are May 11-13, 18-20, 27-29, June 5-7, 13-15 and 21-23, according to the document.
FPSO at Jubilee Oil Field to Close for Fix
The production vessel at Tullow's flagship Jubilee oilfield off Ghana's west coast will shut down next week for 21 days while it undergoes repairs, the country's power utilities said on Monday. The planned shutdown next Monday of the Kwame Nkrumah production vessel, which currently produces both oil and gas, will result in a cut to offshore gas supply, the companies said in a statement. They said any loss of power generation would be offset by generating additional power from the eastern port of Tema area. Tullow did not immediately respond to a request for comment.
Novatek Plans New Arctic Transport Company
Russia's gas production and sales company PAO Novatek has created a transportation unit called Maritime Arctic Transport. "The Board of Directors of PAO Novatek resolved on creating a transportation subsidiary called Maritime Arctic Transport LLC to manage and optimize transportation costs, build up the unique competencies of Arctic navigation and ensure centralized management of the Arctic fleet," said a press release from company. Novatek’s Chairman of the Management Board…
DeepOcean Wins Equinor Susbsea Deal
Subsea services provider DeepOcean has been awarded a long-term contract involving subsea life of field services on Equinor-operated fields. The award covers onshore project management, engineering and offshore operations utilising a variety of vessels within the DeepOcean fleet of high quality vessels. Offshore operations may include life of lield services such as standard inspection and survey work involving use of Work Class and Observation class ROVs, installation and replacement…
Tokyo Gas Takes First LNG Cargo from Cove Point
Japan received its first shipment of liquefied natural gas (LNG) on Monday from Dominion Energy Inc's newly completed Cove Point export plant, the beginning of a jump in imports from the United States by the world's biggest buyer of the fuel.The docking of the tanker LNG Sakura at Tokyo Gas Co's Negishi terminal near Tokyo is another marker of shifting global energy flows as the United States ramps up exports of gas and oil from shale formations.The cargo is the first of 2.2 million tonnes of LNG a year Japanese companies are purchasing under long-term contracts from Cove Point in Maryland.
LNG is the Bridge to ‘Zero Emissions’ Shipping
The advent of industry wide tightening of allowable sulfur emissions is getting nearer. Suddenly, with the deadline now little more than one year away, the countdown clock will very soon be ticking much louder. Simply stated, the cap on allowable sulfur content in marine fuels, presently at 3.5 percent in many geographical regions, will be reduced to 0.5 percent in January 2020. The 0.1 percent sulfur cap, already in effect since 2015 in coastal Emissions Control Areas (ECAs) in Europe and North America…
Inmarsat Faces US, Chinese Competition in Maritime Safety
Bibby Bags North Sea Contract
Bibby Offshore won a two-phase multimillion dollar contract with a leading oil and gas and production company. The contract, awarded in April, will see Bibby Offshore carry out IRM services across a number of the operators North Sea assets. Engineering work for this project has started, with the initial offshore phase due to commence in Q2 this year and a further campaign scheduled for Q3. Bibby Offshore’s multi-role diving support vessel, Bibby Topaz, will be the primary vessel utilised to carry out the base workscope…
Benchamas FSO: InterMoor Completes Work
InterMoor has completed work for the installation of the new Floating Storage and Offloading (FSO) facility Benchamas 2 (FSO Benchamas 2). Previously, the Benchamas Explorer FSO, owned and operated by Chevron, was installed in 1999 in Block B8/32 in the Gulf of Thailand. The FSO began initial production in 1999 and after operating the facility for almost 20 years, Chevron decided to replace the aging facility with the new FSO Benchamas 2. The new floating facility FSO Benchamas 2 was delivered by MISC Berhad…
Mappers Look to Chart World's Ocean Floor by 2030
Using data collected from underwater drones, merchant ships, fishing boats and even explorers, a new scientific project aims to map the ocean floor by 2030 and solve one of the world’s enduring mysteries.With 190 million square km (73 million square miles) of water - or about 93 percent of the world's oceans with a depth of over 200 meters (650 feet) - yet to be charted, the initiative is ambitious.Satinder Bindra, director of the Seabed 2030 project, said the work can be completed within the period and will shed light on everything from tsunami wave patterns to pollution…
CMM, Damen Debut Fast Marine Access in Brazil
Compagnie Maritime Monégasque (CMM) and Damen Shipyards Group (Damen) have joined forces to introduce a fast, safe and reliable Fast Marine Access crew change solution for the Brazilian market using a Damen FCS 7011. The solution looks to transfer personnel between shore and the ever more distant deep sea offshore platforms and flotels. The FCS 7011 focuses on increased safety, cost reduction and comfort, while offering a high speed solution to complement existing helicopter transfers.
Offshore Wind Market in Aberdeen
The sight of offshore wind turbines off the coast of Aberdeen symbolises a change in direction for the city, its energy mix and its offshore industry, says a press release by UK Chamber of Shipping. Looking out to sea from Aberdeen, a gaggle of offshore wind turbines floats among the usual scattering of offshore support vessels waiting at anchor. Beside them waits an enormous wind turbine installation vessel (WTIV), recognisable by its four upright jack-up legs, which are raised above the water while the ship is not in service.
Gunvor to Lease Exmar FSRU
Gunvor will lease the floating storage and regasification unit (FSRU) for ten years from the Belgian gas tanker company Exmar. "Exmar is pleased to announce that it has executed a fully effective ten year charter with Gunvor for the provision of its FSRU (floating Storage and Regasification Unit) barge and related services in Bangladesh," stated a press release from the company. The Exmar FSRU barge is currently at Keppel Shipyard undergoing site specific modifications after having been delivered from Wison Offshore and Marine in December 2017.
Norway Expects Gas Export Prices to Slip in 2019
Prices of Norwegian gas exports are likely to rise slightly this year amid strong demand, but will fall back in 2019 as liquefied natural gas (LNG) deliveries in Europe are expected to increase, the government said in its revised budget on Tuesday.Europe's largest gas supplier after Russia forecast gas export prices would rise by 0.1 crowns per standard cubic metres (sm3) to average 1.8 crowns (22.43 U.S.
Angola LNG Ramps Up Exports ahead of Maintenance
Angola's sole liquefied natural gas (LNG) project is stepping up exports of cargoes in the spot market ahead of maintenance, three industry sources said on Tuesday.The plant has issued several tenders in the spot market for LNG cargoes to load in May and June, the sources said.Angola's Soyo plant, which has a capacity of 5.2 million tonnes of LNG per year, will be undergoing a planned shutdown for maintenance in July, with production expected to resume in early August, a company spokeswoman said.The spokeswoman declined to comment on the plant's recent rise in exports…
Maersk Drilling: First Order for "Chela" Crane
Maersk Drilling awarded GustoMSC the first order for the uniquely designed crane Chela, which is to be installed on Maersk Invincible (GustoMSC CJ70 design) which is currently operating on Valhall for AkerBP. Chela is desgined to improve safe handling underneath the cantilever and reduce total time spent on wells. Chela offers an extra hand in operations as, due to its crablike motion characteristics, it can reach below the cantilever as well as elevate towards the main deck, providing crane access to an area traditionally blocked by the cantilever when drilling.
Statoil to Become Equinor, Dropping 'Oil'
Shareholders in Norway's largest company, Statoil, will approve on Tuesday the board's proposal to drop "oil" from its name as its seeks to diversify its business and attract young talent concerned about fossil fuels' impact on climate change.From Wednesday, the majority state-owned company will change its 46-year-old name to Equinor and trade on the Oslo Exchange under the new ticker EQNR.The Norwegian government, which has a 67 percent stake in the firm, has said it will back…
Stena RoRo Places an Order for LNG Newbuild
Stena RoRo places an order for a further newbuild and signs a 10-year charter contract with Brittany Ferries, said a press release from the company. The vessel now ordered, which will be built for LNG operation, is the sixth in the so-called Stena E-Flexer RoPax class with delivery set for autumn 2021. Stena RoRo has a further two options with the Chinese shipyard AVIC International. At the same time, the newbuild has been signed to a 10-year charter with the French ferry shipping company Brittany Ferries.
Statoil ASA Changes Name to Equinor ASA
Equinor ASA (OSE: EQNR, NYSE: STO), the new name of Statoil ASA, was approved by the annual general meeting yesterday, May 15, 2018, and the new name has now been registered in the Norwegian register of business enterprises (Foretaksregisteret). The company's shares will from May 16, 2018 (inclusive) be quoted on Oslo Børs with the new name and the new ticker EQNR. Implementation date for the new ticker EQNR for the company's American Depository Receipts (ADRs) on New York Stock Exchange is expected to be May 17, 2018 at the earliest. ISIN number is unchanged.
US LNG Projects Buoyed by China Import Talks
China's interest in reducing its trade surplus with United States through increased energy imports could advance plans for U.S. liquefied natural gas (LNG) plants, said energy executives involved in developing new facilities.The White House and China on Saturday said a U.S. trade team would travel to China to explore new energy and agricultural deals. The joint communique lowered trade tensions, lifting stock markets in Asia and the United States on Monday.There are over two dozen proposed U.S.
Ideol, STX to Develop Next-Generation Offshore Substations
Ideol and STX Europe Offshore Energy, the well-known EPCIM supplier of substations to the bottom-fixed offshore wind industry, announce the development of a breakthrough floating substation. This one will be compatible with both bottom-fixed and floating offshore wind farms. Their universal and modular solution is expected to impact the market of offshore substations and aims at being market-ready for France’s upcoming floating commercial tenders. Based on Ideol’s patented and shallow-draft Damping Pool® concept and designed to operate in the world most extreme environments…
New Water Booster Pumps for Polvo FPSO
As part of the life extension project for the Polvo Floating production storage and offloading (FPSO) vessel, operator BW Offshore has contracted Norwegian based liquid handling and pump specialist PG Flow Solutions to supply new water booster pumps.PG Flow Solutions said its scope of work includes the engineering, procurement, assembly of pump skid and commissioning of two produced water booster pumps in super duplex materials, with 150kW electrical motors, variable frequency drives and pressurized seal system.“After a couple of challenging years for the Brazilian offshore industry…
Rosneft: South China Sea Drilling is Within Vietnam Waters
Ghana to Award New Oil Blocks off West Coast
Prosafe Extends Standstill Agreement with COSCO
Prosafe has extended a standstill agreement with COSCO Shipping (Qidong) Offshore Co. Ltd in China for two harsh environment semi-submersible accommodation units, Safe Nova and Safe Vega.The standstill agreement has been extended until May 21, 2018 as Prosafe continues negotiations with COSCO and related parties for a workable commercial solution for the two units.A third unit, Safe Eurus, is in a preserved, strategic stacking mode and negotiations continue with COSCO to find a workable commercial solution.If no agreement is reached, Prosafe has the right to claim cancellation of the newbuild contracts due to delay, and claim repayment of the instalments paid including interest of approximately $60 million in total…
US Military Seeks Rules for Drilling in Gulf of Mexico
An expansion of oil drilling in the eastern Gulf of Mexico would interfere with U.S. military testing unless the Pentagon and another agency develop rules to govern the work, the U.S. Department of Defense said in a report this week.The Defense Department concluded in a report it sent on Wednesday to U.S. lawmakers that drilling east of the Military Mission Line in the Gulf of Mexico, a demarcation more than 200 miles (320 km) west of Florida, would harm military testing operations…
TOTE Delays Midnight Sun’s LNG Conversion
TOTE Maritime Alaska has adjusted its liquefied natural gas (LNG) conversion schedule, pushing back works on its RoRo vessel Midnight Sun by one year in order to align with the most recent timeline for Tacoma’s LNG-plant completion.Under the new schedule, Midnight Sun, which was originally scheduled to undergo phase 1 of the LNG conversion from mid-December 2018 through early-February 2019, will wait until 2019-2020 for the work to be performed.The new conversion schedule is as…
Europe’s First LNG Dredger Conversion Underway
Work has kicked off at Damen Shiprepair Dunkerque to convert the trailing suction hopper dredger (TSHD) Samuel de Champlain from diesel-electric propulsion to dual-fuel capability combining marine gas oil (MGO) and liquefied natural gas (LNG). A ceremony was held at the yard to mark the first cutting of steel for the prefabrication of a new section of hull that will hold the new generators and other equipment.Present at the occasion were Jean-Pierre Guellec, CEO of GIE Dragages-Ports…
Statoil Name Change Expected in May
Statoil ASA will vote on the proposal to change the company’s name, from Statoil ASA to Equinor ASA, at the company's annual general meeting on May 15.The company said in March it intends to change its name to reflect its move to become a broad energy company.The company expects to implement the name change from (and including) May 16, 2018. This entails that May 15, 2018 is expected to be the last day of trading on Oslo Børs under the ticker “STL”. From May 16, 2018 (inclusive)…
Total to Set Up LNG Bunkering Hub in Oman
French energy group Total said it had signed a memorandum of understanding with the government of Oman to develop natural gas resources in the country."Total and Shell as operator will develop several natural gas discoveries located in the Greater Barik area on onshore Block 6 with respective shares of 25 percent and 75 percent, as per the agreement between both companies and before possible State back-in, with the objective of an initial gas production of around 500 MMcfd and a potential to reach 1 bcf/d at a later stage," Total said in a press release on Sunday."Total will use its equity gas entitlement as feedstock to develop in Oman a regional hub for liquefied natural gas (LNG) bunkering service to supply LNG as a fuel to marine vessels.
Nord Stream 2 Dredging Starting Off German Coast
A consortium of western companies and Russia's Gazprom that is due to build the controversial subsea Nord Stream 2 gas pipeline to Germany said on Tuesday it was starting preparatory work in the Greifswald bay off Germany's Baltic coast."Five dredgers are now working on the trench for the two pipeline strings," the consortium, based in Switzerland's Zug, said in a press release. Nord Stream 2 will consist of two pipelines running in parallel."Preparatory works are in accordance with the Stralsund mining authority's planning approval," it said.
New WWF Guide Helps Mariners Steer Clear of Arctic Wildlife
A new WWF-Canada guide designed to help mariners in the eastern Arctic identify and avoid marine mammals is being unveiled at a Canadian Marine Advisory Council meeting in Montreal today. With summer sea ice on the decline and industrial pressures increasing, shipping traffic in the Canadian Arctic has steadily risen. This is especially true in the eastern Arctic and around the community of Pond Inlet and the Mary River iron ore mine. Ships servicing the Baffinland mining operation are increasing at a staggering pace…
Harvey Gulf Receives Court's Confirmation of Reorganization Plan
Harvey Gulf International Marine issues statement on status of Chapter 11 Reorganization. Today, the United States Bankruptcy Court, Southern District of Texas - Houston Division, confirmed the final Plan of Reorganization submitted by Harvey Gulf International Marine. The approval comes just 77 days following Harvey Gulf’s prepackaged filing, considerably faster than all previous Chapter 11 proceedings for vessel operators over the last five years. Following the hearing, Harvey Gulf CEO…
DALO Chooses SARIS to Support SAR Operations
The Danish Acquisition and Logistics Organization (DALO) announced the purchase of a major upgrade of BMT’s SARIS, the search and rescue planning tool that helps save lives, plan searches and minimize danger at sea. The upgrade will consist of a deployment of 20 licenses primarily to Denmark but also including Greenland and the Faroe Islands. A large part of the upgrade will include capacity for ongoing in-house training, with initial training being delivered by BMT. The SARIS technology is designed to help locate targets, whether it be people or objects, lost at sea.
NYK LNG Carrier Rescues Sailors in Caribbean
Marvel Falcon, a liquefied natural gas (LNG) carrier owned by NYK, offered humanitarian assistance to four sailors requesting rescue on on May 13, said a press release from the company. The LNG carrier had been sailing from the port of Balboa, Panama, to the Sabine Pass LNG terminal in the U.S. state of Louisiana when the small boat was spotted. The rescued sailors had departed from Port Limon, Costa Rica, on May 7 to deliver fuel to another boat, but they experienced engine trouble on May 8 and had drifted at sea for the next few days.
World First: LNG-Fueled Fishing Trawler Powered by MAN D&T
As the marine industry collectively pushes toward decarbonization, there are seemingly daily 'world firsts' as owners, designers, builders and suppliers alike conspire to deliver innovative solutions to reducing marine emissions. MAN Diesel & Turbo was picked to provide a complete propulsion package and fuel-gas system for the world’s first fishing vessel with LNG propulsion, an 86-m newbuild purse-seiner dubbed ‘Libas’ to be built by Cemre Shipyard in Istanbul. Libas will feature a MAN 6L51/60DF main engine…
Total, Novatek Pact for Arctic LNG 2 Project
In the presence of the President of the Russian Federation, Vladimir Putin, and the President of the French Republic, Emmanuel Macron, Total has signed an agreement with Novatek outlining the terms upon which Total shall acquire a direct working interest of 10% in Arctic LNG 2, a giant liquefied natural gas project lead by Novatek on the Gydan Peninsula in the north of Siberia. Taking account of Total’s approximate 19% stake in Novatek and Novatek’s intention to retain 60% of the project, the Group's overall economic interest in this new LNG project will be approximately 21.5%.
ABCO Industries to Build New Arctic, Offshore Patrol Ships
Irving Shipbuilding, Canada’s National Shipbuilder, has awarded an $8.9 million contract to ABCO Industries Limited (ABCO) for the design and construction of 12 metre landing craft for the Royal Canadian Navy’s Harry DeWolf-class Arctic and Offshore Patrol Ships (AOPS). Halifax Shipyard is constructing up to six AOPS as part of the Government of Canada’s National Shipbuilding Strategy (NSS). Each AOPS will have one custom designed 12m landing craft onboard. The landing craft will be used by Royal Canadian Navy to deploy vehicles…
CMA CGM Sets Surcharge to Offset Fuel Price Surge
French shipping group CMA CGM said on Friday it would introduce an exceptional surcharge after its first quarter earnings were hit by a sharp rise in bunker fuel prices.The move comes after Maersk Line, the world's largest container shipping company, announced a similar "emergency bunker surcharge" earlier on Friday.CMA CGM, one of the world's biggest container lines, did not detail the amount of the surcharge, nor the date of its implementation.Oil prices hit their highest since late 2014 at $80.50 a barrel this month…
Interview: Bourbon CEO Gael Bodénès
Bourbon Corporation CEO Gael Bodénès & his team plot a bold new course for this offshore industry stalwart.Your career with Bourbon has traversed many industry fluctuations. Looking back to when you joined the company, how is Bourbon today most the same, and most different?Bourbon has transformed from a small regional company to a world recognized leader in offshore marine services. It has seen its teams grow from a 3,000 to more than 8,000 employees of 88 nationalities, the fleet has grown to more than 500 units…
Ampelmann Opens Hamburg Office
Ampelmann has opened its first office in Germany, in response to growing business in the offshore wind sector. The new base, located in Hamburg, will be led by Tim Börner, who has been appointed as Business Development Manager Offshore Wind Germany for Ampelmann. Mr Börner joins the company from Global Renewables Ship Brokers GmbH where he most recently held the role of Offshore Shipbroker for more than five years, focusing on the offshore wind market. “I am excited to be joining Ampelmann at such a pivotal moment…
EPA Announces Funding to Reduce Diesel Emissions
Preference given to fleets in areas facing air quality challenges. The U.S. Environmental Protection Agency (EPA) announced the availability of grant funding to modernize the nation’s diesel fleet by retrofitting or replacing vehicles with cleaner, more efficient diesel engines. EPA anticipates awarding approximately $40 million in Diesel Emission Reduction Program (DERA) grant funding to eligible applicants, subject to the availability of funds. “These grants will incentivize improvements to aging diesel fleets and improve air quality throughout the country…
Keppel to Deliver SE Asia's First LNG-powered Tug
Singapore-based Keppel Corp said on Wednesday its offshore rig-building unit is on track to deliver in May what the shipbuilder said will be the first tugboat in southeast Asia that can run on liquefied natural gas (LNG). The vessel will be one of seven dual-fuel vessels the company is building, and will be able to run on LNG and diesel, a spokesman for Keppel said, without disclosing how much the ship cost to build. A second dual-fuel LNG tug is due to be delivered by June or July, he said.
Subsea 7: Offer Could Change if McDermott Cooperates
Norwegian offshore oil services firm Subsea 7 is open to potentially sweetening its $2 billion offer for McDermott if the U.S. company would work with it to identify additional benefits of a deal, Subsea said on Wednesday. The Norwegian firm's comments come a week before McDermott's shareholders vote on a planned combination with Chicago Bridge and Iron (CB&I), which McDermott's board has recommended its investors to support while rejected Subsea's proposal "Subsea 7 is open to…
Sembcorp Marine Outlook Subdued on Q1 Profit Slump
Singaporean rig builder Sembcorp Marine Ltd said on Wednesday first-quarter profit fell 86 percent, and signaled a subdued outlook for orders and business volumes.Sembcorp Marine said profit came in at S$5.3 million ($4 million) for the three-month period ended March, compared with S$37 million in the same period a year ago.The year-ago profit was boosted by an one-off gain from the disposal of Sembcorp Marine's stake in Cosco Shipyard Co.Overall business volume has remained significantly below peak levels…
Eni Staying in Cyprus Despite Island's Standoff with Turkey
Italy's Eni will not relinquish its interests in Cyprus, its CEO said on Wednesday, as an uneasy standoff between Turkey and the Mediterranean island lingered over offshore hydrocarbons resources.The Italian state-controlled energy giant had to abandon a scheduled drill for oil and gas south of Cyprus in February because of Turkish military exercises. The broader region has yielded some of the largest natural gas finds worldwide in recent years."I just want to remind (sic) that so far we have invested about 700 million euros in Cyprus. That means that there's strong engagement and commitment towards the country," Eni CEO Claudio Descalzi…
GTT, Sembcorp Ink Membrane Tank Solutions Deal
GTT has signed a Technical Assistance and License Agreement (TALA) with Singapore-based Sembcorp Marine for the design and construction of Sembcorp Marine's Gravifloat, FSRU and mid-scale LNG carrier products, using GTT membrane solutions. Sembcorp Marine is a provider of engineering solutions for the offshore, marine and energy sectors, operating a total of nine shipyards in Singapore, Indonesia, the U.K. and Brazil. Sembcorp Marine received its approval after successfully completing a qualification process which started in 2017, including the building of a Mark III mock-up and an audit conducted by GTT. This new partnership allows both companies to target new markets…
Japan: An LNG Bunkering Hub?
New study examines Japanese government strategy for creating infrastructure for environmentally-friendly ship fuel.A new report by the Intrernational Transport Forum at the OECD assesses Japan’s ambition to become an international bunkering hub for liquefied natural gas (LNG).The Japanese government is working to position the nation as a LNG bunkering hub as it expects the fuel's significance in shipping to grow.Japan is already the world’s largest importer of LNG by a large margin.
BP Ink Azerbaijan Exploration Deal with SOCAR
SOCAR, the the State Oil Company of Azerbaijan Republic, and BP signed a new production sharing agreement (PSA) for the joint exploration and development of Block D230 in the North Absheron basin in the Azerbaijan sector of the Caspian Sea. The PSA was signed in London, in the presence of UK Prime Minister Theresa May and Azerbaijan’s President Ilham Aliyev, by Rovnag Abdullayev, President of SOCAR, and BP group chief executive Bob Dudley. Speaking at the signing event Abdullayev said: “We have a long tradition of successful cooperation with BP.
ABS Execs Discuss Key Maritime Topics in Singapore
ABS executives informed the industry conversation at Singapore Maritime Week, with presentations on the growing cyber security threat to maritime, new opportunities to take advantage of data, and the huge potential of LNG shipping for the region. Speaking at the Singapore Maritime Cyber Security Seminar, ABS Chief Digital Officer, Howard Fireman highlighted the opportunities and challenges presented by the ever-increasing connectivity of maritime assets. “The cyber threat is real to maritime safety, making it a relevant issue that ABS must address.
Germany Approves New Offshore Wind Parks
Orsted, Innogy report winning approvals. Germany granted approval on Friday for offshore wind parks capable of generating 1,610 megawatts (MW) of power at contract prices well above the unexpectedly low bids seen in an auction a year ago. The total amount of electricity that could be produced by the parks equates to the power generated by one large nuclear power station, or two big coal- or gas-fired power plants. Six projects were granted licences for construction at an average 4.66 euro cents per kilowatt hour (kWh)…
LNG Tankers En Route to Britain, Belgium and the Netherlands
The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the coming weeks.The vessels carry gas to Europe's most active markets and include cargoes delivering on a spot basis and under long-term contracts.Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Reuters, are updated below.Some tankers heading for Belgium and Britain may be loading at the terminal.Those expected to load are indicated with an (L).
Chrysaor Contracts Rowan jack-up for North Sea
Rowan Companies announced that the Rowan Gorilla VII, a Super Gorilla Class ultra-harsh environment jack-up rig, has been awarded an 18-month program by Chrysaor in the UK sector of the North Sea. The contract is expected to commence imminently for 18 months of work followed by two, one-year options. The Gorilla VII has recently undergone significant life enhancements including a new top drive, and upgrades to the BOP and drilling controls. Tom Burke, President and Chief Executive Officer…
BSEE Regs Update to Cut Burden on Operators
The Bureau of Safety and Environmental Enforcement (BSEE) – incorporating industry innovation, best science, and best practices – is proposing to update regulations covering offshore oil and gas drilling operations to improve reliability, safety, efficiency, and environmental stewardship, and reduce unnecessary burdens on operators. BSEE reviewed the existing regulations in response to Executive and Secretary’s Orders instructing it to identify ways to reduce unnecessary regulatory…
Odfjell Drilling buys “Deepsea Nordkapp”
Odfjell Drilling announced that Aker BP has today awarded Odfjell Drilling a 2 year firm drilling contract with 1+1 year optional periods. The day rates for the drilling contract will be based on market terms to be determined prior to commencement of drilling operations. In addition to the market linked day rate, a performance bonus as agreed in the alliance agreement with Aker BP, as announced on 21 November 2017, will apply. The contract has a minimum value of USD 245 million, subject to certain adjustments. The commencement of drilling operations is expected in Q2/Q3 2019. For the purpose of the drilling contract with Aker BP, Odfjell…
Fluxys to Add a Permanent LNG Bunkering Facility in Antwerp
Fluxys has taken over the concession in the port of Antwerp at quay 526-528 to make liquefied natural gas (LNG) available as an alternative fuel for ships and barges, in one of the Port Authority's key initiatives to make the port's activities more sustainable. Fluxys will add a permanent LNG bunkering facility by the end of next year to complement the existing mobile (truck-to-ship) bunkering service. For ships and heavy duty trucks LNG is the ideal alternative in the transition to lower greenhouse gas emissions and better air quality.
Prysmian Orders New Cable Laying Vessel
Vard Holdings Limited reported having been selected by Prysmian Group for the design and construction of one cable laying vessel. The contract value, including owner supplied special equipment, amounts to approximately €170 million (approximately $205 million).The cable layer is designed by Vard Design in Ålesund, Norway. Vard and Prysmian are currently completing the vessel’s design and according to contract activation scheme the commencement of construction phase is foreseen by end 2018. The vessel is scheduled for delivery from Vard Brattvaag in Norway, in 4Q 2020.
Heavy Lift: Boka Vanguard to Ship 90,000-ton FPSO
Boskalis' mega lift ship Boka Vanguard -- the world's largest semi-submersible heavy lift vessel -- is preparing to load a truly enormous cargo: a 90,000-ton floating production, storage and offloading (FPSO) platform.The FPSO is equivalent to the weight of approximately 300 Boeing 747s, making this the heaviest cargo ever to be transported by a semi-submersible heavy lift ship, according to Boskalis.Until recently, the Boka Vanguard was known as the Dockwise Vanguard. Boskalis acquired Dockwise in 2013…
Boaters Strike Decommissioned Oil Rig
The U.S. Coast Guard said it has medevaced five boaters who were injured after striking a decommissioned oil rig in the Gulf of Mexico, Sunday.Coast Guard watchstanders in New Orleans received a mayday call on VHF-FM Channel 16 at 12:03 a.m. from a boater stating multiple persons on board had suffered injuries after their vessel struck a decommissioned offshore rig 23 nautical miles southeast of Venice, La..A helicopter aircrew from Coast Guard Air Station New Orleans hoisted two patients with more severe injuries…
Chevron to Idle Gorgon LNG Unit in May
Chevron will idle the second production unit at its Gorgon liquefied natural gas (LNG) project in May to carry out modifications already implemented at the other two units, a senior executive said.Pat Yarrington, Chevron's vice president and chief financial officer, said in an earnings call on Friday that Gorgon Train 2 in Australia has a planned "pit stop" in May for crews to replicate performance improvement modifications.Traders said the maintenance is expected to last 30 days.The work will focus on remedying vibration problems already fixed on Trains 1 and 3, they said.A company spokesman declined to comment on the maintenance duration or the issues being addressed.Meanwhile…
Taiwan: The Next Battleground for Offshore Wind
Taiwan is becoming the next battleground for the world's top offshore wind developers as they seek a foothold in Asia for a technology that has been expanding fast in Europe.Taiwan announced results on Monday of its first major offshore wind farm auction that aims to add 3.8 gigawatts (GW) of capacity to its existing network of just 8 megawatts (MW).The island's offshore wind market is expected to expand to 5.5 GW by 2025, and the government aims to invest $23 billion on onshore and offshore wind projects by 2025…
Panama Canal Welcomes Inaugural Transit of LNG Sakura
The Panama Canal welcomed the inaugural transit of the LNG Sakura as it carried the first-ever liquefied natural gas (LNG) shipment from the Dominion Cove Point terminal in the United States to Japan. The transit, which occurred this past weekend, marks the beginning of a new LNG commercial route between the United States and Asia from the recently inaugurated Dominion Cove Point terminal in Maryland, the second U.S. LNG export terminal to come online after Sabine Pass began operations in 2016.
Vattenfall Pontoon Launched in Aberdeen
Construction of a 30-meter-long, purpose-built floating crew transfer pontoon in Aberdeen Harbor’s Albert Basin has been completed by Swedish energy firm Vattenfall – supporting a new gateway for renewables in the center of the country’s energy industry. The 180m² pontoon, which is the only one of its kind at Aberdeen Harbor, has been specially built on Commercial Quay West as part of a 24-year agreement with the Harbor Board and can accommodate up to three crew transfer vessels at any one time.
MISC awards BV contract for Veristar AIM3D
Bureau Veritas (BV) has been awarded a contract by MISC Berhad (MISC) to deploy and support the VeristarAIM3D ‘software as a solution’ system to provide asset integrity services on selected MISC FPS systems:the Floating Storage & Offloading (FSO) vessel -FSO Benchama 2and the Floating Production, Storage & Offloading (FPSO) vessels - MaMPU1 and FPSO Cendor. Veristar AIM3D is BV’s sophisticated, full life-cycle Asset Integrity Management System, developed in partnership with Dassault Systèmes.
L.A.T.C Marine to Install Two Ampelmann Systems
Ampelmann has secured two contracts with vessel owner L.A.T.C Marine Limited, on behalf of ExxonMobil, for the supply of two L-type gangway systems, offshore Nigeria. Following successful sea trials of the L-type gangway system, the integrated solution was approved for operations. Vessel owner L.A.T.C Marine has installed the personnel transfer system on its Damen FCS-5009 Fast Crew Supplier vessel Dijama for in field operations with ExxonMobil. The L-type is particularly suited to small, crew change vessels and allows a continuous flow of up to 50 personnel every five minutes.
Maersk Drilling Bags North Sea Contracts
Maersk Drilling said it has been awarded three consecutive contracts for the Maersk Resolute and a contract extension for the Maersk Resolve, both operating in the Dutch sector of the North Sea.“The North Sea continues to be a key market to Maersk Drilling, and with the new contracts for Maersk Resolute and the contract extension for Maersk Resolve, we are further strengthening our presence in the area,” said Morten Kelstrup, CCIO in Maersk Drilling.Three consecutive contract agreements with TAQA Energy B.V., Petrogas E&P Netherlands B.V. and Dana Petroleum Netherlands B.V.
LNG Carrier Seri Camar Delivered to MISC
Malaysian shipping firm MISC Group has taken delivery of Seri Cemara, the final vessel in a series of five MOSS-Type liquefied natural gas (LNG) carriers built for long-term charter to Petronas.The 150,200 CBM LNG carrier has been built for MISC by South Korean shipbuilder Hyundai Heavy Industries Co., Ltd. (HHI). Upon its delivery, Seri Cemara joins her sister MOSS-Type carriers Seri Camellia, Seri Cenderawasih, Seri Cempaka and Seri Camar on long-term charter to Petronas.The…
LR to Class India’s First FSRU
Lloyd’s Register (LR) said it signed a contract to class the first ever floating storage regasification unit (FSRU) to be ordered for Indian waters.Due for delivery in December 2019, the new 180,000m³ FSRU will be built to LR’s Rules for the Classification of Offshore Units by South Korean shipbuilder Hyundai Heavy Industries (HHI) for SWAN LNG Pvt. Ltd. (SLPL). It will be stationed at Jafrabad port for 24h-hours-a-day operations, 365 days a year.SLPL’s Bhavik Merchant said, “Our…
ABS Issues First MPD-rReady Notation
ABS announced it has awarded the world’s first Managed Pressure Drilling (MPD) – Ready Notation to Ocean Rig for the ABS-classed Corcovado and Mykonos deep water drillships.The ABS MPD-Ready notation demonstrates drilling units have the necessary provisions in place to integrate equipment needed for MPD operations.“Offshore operations in deeper water continue to lead back to a need for reliable and cost-effective technologies” said ABS Executive Vice President – Global Offshore, Kenneth Richardson.
Damen Debuts New Fast Crew Supplier Vessel
Damen Shipyards Group has introduced a new model to its Fast Crew Supplier range: the FCS 2710, which builds on the FCS 2610 first introduced in 2011.The first FCS 2710 vessel is already in build at Damen Shipyards Gorinchem for delivery in July 2018. The FCS 2710 retains the twin hull, axe bow design. However, as the offshore energy industry has evolved in recent years so has its requirements for crew transfer vessels and the regulations that govern them. Damen has listened to the feedback and designed a vessel that retains much of the fundamental design of the 2610…
Polarcus Scores Two Seismic Survey Projects
Marine geophysical company Polarcus Limited announced it has secured two offshore seismic survey projects.The company said it has entered into a contract for a two-month broadband 3D marine seismic acquisition project in Australia that will commence immediately.Polarcus also received a letter of award for an XArray 3D marine seismic acquisition project in Asia Pacific. The two-month project is slated to begin immediately after the Australian project.“These awards in Asia Pacific provide important visibility, extending a regional campaign for Polarcus well into Q3 2018,” Polarcus said.
Flintstone Secures Contract for Tullow FPSO
Flintstone Technology Ltd said it has secured a contract with MODEC for its in-line tensioning and pull through connection mooring system to be deployed off West Africa.The system will be used on Tullow Oil’s Kwame Nkrumah MV21 floating production storage and offloading (FPSO) vessel located on the Jubilee field off the coast of Ghana.The mooring system will allow the conversion of the FPSO to a spread moored configuration.The Kwame Nkrumah MV21 is installed in approximately 1,100 meters water depth on the Jubilee Field, which is one of the largest oil fields discovered offshore West Africa in the past 10 years.Earlier this month, Flintstone…
CMHI, DNV GL Ink LoI for Two Jack-ups
DNV GL announced it has signed a letter of intent (LoI) with shipyard China Merchants Heavy Industry (Jiangsu) Co., Ltd (CMHI) for the classification of two multi-activity jack-up units at the Offshore Technology Conference (OTC) in Houston.Ordered by OOS Energy B.V., which is affiliated with Netherlands-based Overdulve Offshore Services (OOS) International, these 96 m long units will be purpose-built for the decommissioning market. Construction is scheduled to start later this year.The two identical four-legged…
McDermott, CB&I Shareholders Approve Merger
McDermott International shareholders on Tuesday approved a merger with Chicago Bridge & Iron Co that creates a vertically integrated onshore and offshore engineering and construction company, thwarting an attempt by offshore drilling contractor Subsea 7 to block the deal.More than 50 percent of McDermott shareholders supported the deal and approved a 3-to-1 reverse stock split, according to a spokesman. CB&I shareholders also voted in favor the merger, the companies said, and the combination is expected to close on May 10.Shares of CB&I were up about 6 percent…
India's First FSRU Based LNG Terminal Launched
H-Energy Gateway, the energy venture of Hiranandani Group, launched India’s first Floating Storage Regasification Unit (FSRU) based LNG terminal at JSW Jaigarh Port in Ratnagiri District, Maharashtra. The Jaigarh Port is owned & operated by JSW Infrastructure (the maritime infrastructure development arm of $ 12 billion JSW Group). The LNG terminal was inaugurated today, by the Hon. Chief Minister of Maharashtra, Shri Devendra Fadnavis. H-Energy’s LNG Terminal has an annual capacity…
Shearwater GeoServices Wins Contracts in West Africa
GC Rieber Shipping ASA's 50% owned geoservices company Shearwater GeoServices has been awarded a contract to acquire 3D seismic for Genel Energy in the Sidi Moussa license offshore Morocco. Additionally, Shearwater has been awarded a five months contract for an undisclosed client engaged in West Africa. The market outlook is improving, and the two contracts add significantly to Shearwater's backlog for the 2018 summer and autumn seasons. Genel Energy, one of the largest independent oil producers listed on the London Stock Exchange…
Kirby Acquires Targa's Inland Tank Barge Fleet
Kirby Corporation has announced the signing of an agreement to acquire Targa Resources Corp’s inland marine tank barge business for approximately $69.3 million in cash. The purchase will be financed through additional borrowings. Targa’s inland marine tank barge fleet consists of 16 pressure barges that have a total capacity of approximately 258,000 barrels, many of which are under long-term multi-year contracts. The closing of the acquisition is expected to occur near the end of the second quarter and is subject to customary closing conditions.
In US Gulf, Robots, Drones Take on Dangerous Offshore Oil Work
At BP's massive Thunder Horse oil platform in the U.S. Gulf of Mexico, a dog-sized robot called Maggie uses magnetic tracks to creep along pipes connecting the giant oil facility to the sea floor. Before MaggHD, dubbed "Maggie" by BP, the dangerous inspection job was reserved for highly paid specialist technicians who did their jobs while rappelling along the platform. The energy industry has turned to robots and drones to cut costs and improve safety in some of the world's tougher working environments. Drones inspect gear high up on floating rigs.
Nippon Foundation Chairman Sasakawa Delivers 'First Pitch'
The Japan Ship Machinery and Equipment Association (JSMEA) and Maritime Reporter & Engineering News hosted a reception on Tuesday, May 1, 2018 at Minute Maid Park in Houston in conjunction with the Offshore Technology Conference. More than 200 guests from around the world enjoyed hospitality at the ballpark in downtown Houston, and a highlight of the evening was Nippon Foundation Chairman Yōhei Sasakawa delivering the first pitch of the game with a perfect strike down the middle of home plate.
Mobilizing the Offshore Organization for Johan Sverdrup Field
The mobilization of up to 2,400 women and men who will work to hook-up, finalize and eventually start-up the Johan Sverdrup field in the North Sea.Later today approximately 150 people – plus crew from the flotel-operator ProSafe – will sail away onboard the floating accommodation vessel "Safe Zephyrus" from Mekjarvik outside Stavanger with the North Sea as their destination.When the flotel arrives at the Johan Sverdrup field this weekend, this will mark the beginning of the offshore…
New Consortium for Offshore Decommissioning
A new global oil and gas decommissioning consortium launched today sets out to bring a collaborative supply chain approach, offering an end-to-end solution to reduce the decommissioning burden, risk and cost for operators.The consortium, which includes Lloyd’s Register (LR), WorleyParsons and Ardent, brings together 350 years of collective experience to reduce the interfaces, costs and risks of decommissioning for the oil and gas industry.The consortium includes experts to cover all aspects of decommissioning…
Teekay Offshore CFO Wong to Step Down
Teekay Offshore Partners L.P. announced today that David Wong will step down from his position as Chief Financial Officer of Teekay Offshore Group Ltd. to commence a new opportunity outside of the Teekay organization.Wong, who joined Teekay Corporation in 2009 and has served as Teekay Offshore CFO since 2015, will continue with the Teekay until August to assist with the transition while a search for his replacement is conducted.
First LNG Transhipment at Zeebrugge Terminal
For the first time liquefied natural gas from Sabetta on the Siberian peninsula Yamal, was transhipped simultaneously in Zeebrugge from an ice class vessel (ARC7) into a conventional LNG carrier for further transport to Asia on May 01 Tuesday. The Russian ice class vessel ms Eduard Toll transfered simutaneously LNG into the ms Pskov via shore pipes. The operation takes place at quays 615 and 616 of the Fluxys terminal in the outer port. In 2015 the terminal of Fluxys was selected as transhipment hub for liquefied Siberian natural gas from the Yamal gasfield.
Jumbo Completes Work on Bangladesh FLNG Terminal
In 2017 Jumbo was awarded a contract by Geocean for the Moheshkhali Project, which is seeing a floating liquefied natural gas (LNG) import terminal developed off the shores of Moheshkhali Island in the Bay of Bengal, Bangladesh. It will be the country's first LNG import terminal and is expected to help secure the future provision of energy for Bangladesh.The Moheshkhali floating LNG import terminal will also include a floating storage and regasification unit (FSRU), a subsea buoy system and a subsea pipeline…
Op/Ed: Connecting to the Future of Offshore
120 miles out at sea, 6,000-horsepower devices lift drilling equipment weighing up to 3 million pounds out of holes lying 10,000 feet beneath the water. Keeping such sea monsters in good working order, often for years at a time, is no mean feat. Oil companies spend between $300,000 and $800,000 per day on each vessel drilling offshore. Any failures can result in losses that run into hundreds of thousands of dollars per day.With such high costs and massive market pressures, including volatile oil prices…
Greek Gunboat on Patrol Nudged by Turkish Cargo Vessel - Navy
A Greek gunboat was nudged by a Turkish cargo vessel early on Friday while on patrol for unauthorized migrant crossings in the Aegean Sea, the Greek navy said.The gunboat "Armatolos" was on patrol off the island of Lesbos as part of a NATO operation when the incident occurred at 4 a.m. local time (0100 GMT).The Turkish-flagged vessel "approached and touched" the Greek gunboat, the navy said in a statement. It then accelerated towards Turkish shores and did not respond to subsequent radio calls from the Greek gunboat, according to the statement.The Greek navy said NATO authorities had been informed, adding that there were no injuries or any serious damage to the ship.
Anglo American to End Investment in Deep Sea Miner Nautilus
Diversified miner Anglo American said on Friday it will end its investment in deep sea mining company Nautilus Mining."We are exiting our small minority shareholding in Nautilus, as part of the prioritisation of our portfolio on our largest and greatest potential resource assets," Anglo spokesman James Wyatt-Tilby said, confirming a report in the Financial Times.Anglo has a 4 percent stake in Toronto-listed Nautilus. Nautilus mines offshore in Papua New Guinea and Australia for minerals such as copper, gold, nickel and cobalt.(Reporting by Kanishka Singh and Zandi Shabalala; Editing by Susan Fenton)
Sri Lanka Approves LNG Plant Near Chinese-controlled Port
Sri Lanka's state-run investment body has approved a $500 million liquefied natural gas plant by China Machinery Engineering Corp near a Chinese-controlled port and industrial zone, the development strategies minister said on Friday.The state-run Board of Investment has approved investment projects worth $1 billion in the first quarter, Malik Samarawickrama said, the largest of which was the LNG project in Hambantota, where China Merchants Port Holdings controls a Chinese-built port on a 99-year lease.The port, which is leased for $1.12 billion, is near the main shipping route from Asia to Europe and likely to play a major role in China’s "belt and road" initiativeChinese control of Hambantota…
Stena Oil Rolls Out Scandinavia's Largest Bunkering Terminal at Frederikshavn
Stena Oil has signed an agreement to create a new marine fuel terminal in the Port of Frederikshavn. The facility will be fully adapted for the new Sulphur Directive 2020 and its location will reduce the distances travelled by bunkering vessels. The oil terminal will be the largest of its kind in Scandinavia, with a capacity of 75 000 cubic metres. "We are delighted to be developing our business in Frederikshavn. We will create a state-of-the-art terminal that can handle all fuel types that meet the IMO’s global sulphur directive, which comes into effect in 2020.
Cyprus-Egypt Gas Pipeline to Cost $800 mln-$1 bln
A pipeline connecting Cyprus' Aphrodite gas field to Egypt's liquefied natural gas (LNG) facilities will cost between $800 million and $1 billion, Egyptian petroleum minister Tarek El Molla said on Monday. Egypt has rapidly increased its production of natural gas and is hoping to become a hub for exporting to Europe after making a series of big discoveries in recent years. Molla, speaking at a joint news conference with Cyprus energy minister Yiorgos Lakkotrypis, said Cypriot gas would be used in part for domestic consumption and in part for export. Lakkotrypis said a final agreement on the pipeline would be signed as quickly as possible but did not specify when. Egypt is hoping to halt gas imports by 2019 and achieve self-sufficiency.
OSV Scrapping Rates Up 153% YTD
As the severity of the offshore energy downturn has increased and the likelihood of older vessels returning to work begins to diminish, owners have slowly come round to the importance of scrapping these vessels. According to VesselsValue, U.S. owners might be leading the way.According to VesselsValue, an online valuation and market intelligence service for the maritime and offshore sectors, in this current period of downturn, critics of offshore shipowners will say that owners have been guilty of not scrapping older tonnage in order to maintain a young and advanced fleet.
PSA Marine Orders LNG-fueled Harbor Tug
Wärtsilä said it has been contracted to design and equip one of PSA Marine (Pte) Ltd's newest harbor tugs. Operating on liquefied natural gas (LNG) fuel and incorporating fuel efficiency features, the harbor tug, which will be built by PaxOcean Shipyard, will be aligned with the maritime industry’s increasing emphasis on environmental impact. The order with Wärtsilä, booked in March 2018.The 28-meter long, 50-metric-ton bollard pull harbor tug will operate with two Wärtsilä 20DF dual-fuel engines running primarily on LNG fuel.
Under the Sea: A Roadmap for Renewable Energy
Thanks to increasing levels of debt financing for climate-aligned projects, wind-generated power has become one of the fastest-growing green industries. Jessica Williams, an Infrastructure Analyst at S&P Global Ratings, considers the submarine technologies that are making this progress possible.Renewable energy is making an increasing contribution to the electrical grid. By the end of 2016, “green energy” sources accounted for almost a quarter of the world’s electricity supply, according to REN21.
Shell Awards Deepwater Installation Contract in GOM
In another sign that activity in the moribund offshore sector is starting to loosen, Jumbo said that it has won the installation contract for the Shell deep-water Vito development in the US Gulf of Mexico. The Vito development is located in the Mississippi Canyon, approximately 150 miles south of New Orleans in water depth of more than 4,000 feet. Jumbo’s installation contract involves the initial pre-lay of the mooring system as well as the subsequent tow and hook-up of the FPS. "The Jumbo Offshore team is very grateful to Shell for this opportunity.
Bibby Offshore Bags Spirit Energy Contract
Keel Laid for Second Bibby Wavemaster
Construction on Bibby Marine Services’ second service operations vessel (SOV) is underway at Damen Shipyards Galati in Romania less than a year after Bibby took delivery of sister ship Bibby Wavemaster 1.Bibby ordered the new SOV in early 2018 after lining up a charter for the vessel in December 2017. The new vessel, scheduled to be delivered in 2019, will go to work under contract for Siemens Gamesa Renewable Energy and EnBW for maintenance operations on two windfarms in German waters: Hohe See and Albatros…
PDVSA Diverts Crude Tanker from Curacao
Venezuela's state-run PDVSA ordered a tanker carrying Russian oil that was waiting to discharge at its Curacao terminal to divert to Venezuelan waters after ConocoPhillips introduced an order in a Caribbean court to seize its inventories and other assets in the island, according to a shipper and Reuters data on Tuesday.The Aframax tanker British Cygnet loaded crude at Russia's Primorsk terminal in April. It arrived in Curacao's Bullenbay terminal, operated by PDVSA, on Sunday…
Maersk Likely to Shelve Plans to List Drilling Division
Shipping group A.P. Moller-Maersk is likely to shelve plans to list its struggling offshore drilling division because of weak market conditions, according to five finance sources familiar with the matter.The Danish company is now expected to focus on a trade sale of Maersk Drilling, and extend the timeline to divest the unit beyond its initial target of the end of 2018, said the sources who declined to be named as the discussions are private.Maersk group has not publicly put a price tag on the division…
Rolls-Royce, Siem Offshore Ink 5-Year Maintenance Deal
Rolls-Royce said it has signed a long-term service agreement with offshore vessel owner Siem Offshore for the maintenance of its deck machinery installations aboard 12 anchor handling vessels.The five-year Maintenance Inspection Program (MIP) is the formalization of a cooperation agreement between the two companies following the delivery of 10 new AHTS vessels in 2010, and two additional AHTS vessels that Siem Offshore took over ship management of in 2017.Jon August Houge, Operations Manager…
Norway Launches New Licensing Round in Mature Offshore Areas
Norway will hold a new licensing round for its offshore oil and gas fields in already opened areas, further expanding the exploration acreage available to energy firms, the oil ministry said on Wednesday.Areas in the North Sea, the Norwegian Sea and the Barents Sea will be offered to oil companies, who have until September to submit their applications. The ministry plans to award licenses at the beginning of 2019, it said."Access to prospective exploration acreage is crucial in order to make new petroleum discoveries.
Egypt Approves Oil Exploration Deal with Eni, Tharwa
Egypt has approved an exploration agreement with Italy's Eni and the Egyptian Tharwa company to search for oil and gas in the Mediterranean off the coast of northern Sinai, the Egyptian oil minister said on Wednesday.Under the deal, Eni and Tharwa will spend $105 million in two stages over six years, which involve drilling one well in the first stage and another in the second, Tarek El Molla told journalists.Reporting by Momen Saeed Atallah, writing by Sami Aboudi
Offshore: Nippon Foundation, Deepstar Sign MOU
Japan's Nippon Foundation and Deepstar signed a Memorandum of Understanding (MOU) recently which essentially will allow Japan to tap the expertise and resources of DeepStar to help Japan discover and recover new-found subsea resources, as well as educate future generations of Japanese. The MOU was signed on May 1, 2018 at the Hotel ZaZa in Houston, and speaking at the event Nippon Foundation Chairman Yohei Sasakawa said "We need to acquire the resources to discover and reach (our) natural resources.
Argentina Offshore Auction Attracting Oil Producers
International oil firms including Norway's Statoil, U.S.