Stolt-Nielsen Orders Small LNG Carriers
Stolt-Nielsen Limited subsidiary Stolt-Nielsen Gas B.V. (SNG) has contracted with Keppel Singmarine for the construction of two 7,500 cbm liquefied natural gas (LNG) carriers, with options to purchase three additional similar ships. The ships are to be built at Keppel Singmarine's shipyard in Nantong, China, with deliveries scheduled in the second and third quarter of 2019 respectively. The contract for the initial two ships is valued at approximately $80 million, including site-team costs and capitalized interest during construction. The ships will be capable of operating on either diesel fuel or LNG, with a class notation and technical capability for STS (ship-to-ship) bunkering, thus significantly enhancing their versatility.
Samsung Heavy Bags Order for 2 LNG Carriers
South Korea’s Samsung Heavy Industries (SHI) has won a $100 million order to build two liquefied natural gas (LNG) carriers for Korea Line, reports Yohnap. Korea Gas Corp. (KOGAS) has chartered Korea Line to transport LNG from Tongyeong, South Gyeongsang Province (mainland) to Jeju Island for 20 years. Under the deal with Korea Line, SHI will build the ships by December 2019, the company said. One of the two vessels would have LNG bunkering capability. The ships, which can carry up to 7,500 cubic meters of LNG each, will be deployed to transport LNG between local ports, it added.
The New Offshore Reality
Swedbank’s chief economist, Harald Andreassen, isn’t “too hopeful” about the long-term prospects for the oil price, but then again, “I’m less certain of this than I’ve ever been as an economist,” he told a floating production conference in Oslo. After two-and-half years of oil-price collapse followed by layoffs in the thousands; stacked oil rigs and order freezes for offshore shipping, price insecurity itself is a partial expression of confidence. Beneath some palpable yet halting movements toward recovery in 2017…
Norway Oil Ministry: No Plan to Cut Output
Norway has no plans to cut its oil output, the country's oil and energy ministry said on Tuesday. "The Ministry has a good dialogue with other countries about the oil market. We are not in a situation in which regulating production is on the agenda for Norway," the ministry said in a statement. Kuwait's oil minister said earlier on Tuesday that Saudi Arabia's oil minister had spoken to countries including Norway, Turkmenistan and Egypt which had signalled a willingness to join oil output cuts. (Reporting by Nerijus Adomaitis, editing by Gwladys Fouche)
China Threatened War If Philippines Drills for Oil -Duterte
Philippine President Rodrigo Duterte said on Friday Chinese counterpart China Xi Jinping had warned him there would be war if Manila tried to enforce an arbitration ruling and drill for oil in a disputed part of the South China Sea. In remarks that could infuriate China, Duterte hit back at domestic critics who said he has gone soft on Beijing by refusing to push it to comply with an award last year by the Permanent Court of Arbitration in The Hague, which ruled largely in favor of the Philippines. Duterte said he discussed it with Xi when the two met in Beijing on Monday, and got a firm, but friendly warning. "We intend to drill oil there…
DNV GL Rolls Out Forecasting Platform
DNV GL has announced its launch of Forecaster NOW, the industry’s first forecast on-demand web portal with e-commerce enabled transactions. Forecaster NOW is part of a suite of DNV GL subscription-based short-term forecasting services which also includes: Forecaster Live, Forecaster Plus and Forecaster Solutions. “Power grids and markets will continue their rapid transformation to a low carbon system,” said Craig Collier, head of forecasting for the Americas at DNV GL. Forecaster NOW provides users with on-demand forecasts of select power markets with hourly resolution to seven days.
Angelle Named BSEE Director
Former Louisiana state official Scott A. Angelle will head-up the U.S. Bureau of Safety and Environmental Enforcement (BSEE). Angelle, who most recently served as Vice Chairman of the Louisiana Public Service Commission, will assume his new position May 23. “Scott Angelle brings a wealth of experience to BSEE, having spent many years working for the safe and efficient energy production of both Louisiana’s and our country’s offshore resources,” Secretary of the Interior Ryan Zinke said.
With New Project, BP Breathes Life into North Sea
BP has started production at an oilfield in the North Sea after a $5.7 billion redevelopment, one of the largest such projects there in recent years that will breathe new life into the ageing offshore basin. The Quad 204 project in the western Shetland region, also knows as Schiehallion, is expected to ramp up production throughout 2017 to reach a level of 130,000 barrels per day, BP said in a statement. The Schiehallion field was first developed in the mid-1990s. The 4.4 billion pound project, which was sanctioned in 2011, will unlock an estimated 450 million barrels of oil and gas, extending its life into 2035. The upgrade includes the construction of a giant floating…
Statoil's Digitalization Drive
Statoil is establishing a digital center of excellence and launching a roadmap with seven specific programs for digitalization in the company towards 2020. Towards 2020 Statoil expects to invest $120 to $240 million in new digital technologies, accelerating the digital roadmap work. Digital technologies will also be part of other Statoil technology and research projects. “Aiming to be a global digital leader within our core areas, we are now stepping up our efforts to capture opportunities provided by the rapid development within digital technologies,” said Eldar Sætre, Statoil’s CEO.
Pacific Radiance, Allianz JV in Middle East
Crest Offshore Marine (COM), the wholly owned subsidiary of Pacific Radiance, has entered into a Joint Venture (JV) Agreement with Allianz Offshore Middle East (AOME). According to JV agreement, both companies are jointly incorporating a company in Singapore known as Allianz Radiance (ARPL). ARPL has been incorporated on the same date. AOME is a company incorporated in Saint Vincent and The Grenadines. Under the terms of the JV Agreement, COM and AOME respectively will hold 51% and 49% equity interest in ARPL, making ARPL as indirect subsidiary of the Company.
BOEM Offers Cook Inlet Blocks Offshore Alaska
The Bureau of Ocean Energy Management (BOEM) announced it will offer approximately 1.09 million acres off Alaska’s southcentral coast in a lease sale scheduled for June 21. Cook Inlet Oil & Gas Lease Sale 244 will offer 224 blocks toward the northern part of the federal Cook Inlet Planning Area for leasing. The blocks stretch roughly from Kalgin Island in the north to Augustine Island in the south. “We conducted a robust environmental analysis and look forward to holding Alaska’s first OCS lease sale since 2008,” said Dr. Walter Cruickshank, BOEM’s acting director.
Gondan Delivers Dual Fuel Tug
After completing its sea trials program, DUX, the first dual fuel tug ever built in Europe, was delivered yesterday to its owner, the Norwegian company Østensjø Rederi A/S. This vessel is the first tugboat of a series of three. Designed by the Canadian company Robert Allan Ltd., the new escort tug, with 40.2 meters length and 16 meters beam, will provide tug services to Norwegian state-owned energy company Statoil, at the far-north terminal located at Melkøya under severe weather conditions.
Acquisitions to Yield Better Results for Hoegh LNG
Hoegh LNG Partners closed the acquisition of 51% interest in Höegh LNG Colombia Holding, the owner of the entities that own and operate the Höegh Grace on January 3, 2017. The results of the Höegh Grace contributed to the Partnership's earnings for the full first quarter of 2017, says the company. Having closed the acquisition of 51% of the Höegh Grace at the beginning of the quarter, the Partnership has expanded and diversified its fleet to five FSRUs and added Colombia to the growing list of markets utilizing floating storage and regasification units to participate in the global LNG trade.
A Flexible Workforce is Crucial Offshore
WRS CEO Mark Brown investigates the importance of marine and ship management companies’ utilization of a more flexible workforce. As offshore-focused businesses weather the unprecedented industry downturn, many companies servicing the sector are looking for ways to more efficiently manage costs in order to survive. Since the oil price started to contract in June 2014, radical cost reductions across all upstream businesses began in earnest as capital expenditures were slashed by 40 percent in the period up to 2016 (PWC).
Petrobras Sees Higher Oil Exports as Presalt Fields Develop
Brazilian government-controlled Petroleo Brasileiro SA expects higher oil exports this year than initial projections, Guilherme França, executive manager of trade and marketing, said Wednesday. Petrobras expects oil exports to reach 742,000 bpd by 2021 as the company advances development of its pre-salt oil reserves, which are capable of producing lighter varieties which are demanded internationally, França said. In March, França told Reuters in an interview that the company's oil exports would reach 450,000 bpd this year. That estimate has now been revised to 503,000 bpd, according to the executive. China is the company's main client, accounting for 56 percent of Petrobras's exports in the first quarter.
Seadrill Names Dibowitz CEO
Oslo-listed rig firm Seadrill named a new chief executive from within its own ranks on Wednesday and said its talks to restructure $14 billion of debt and liabilities had reached an advanced stage. Once the world's most valuable rig firm, Seadrill's business was hard hit when oil companies sharply cut investments and exploration in the wake of a 2014 crash in oil prices. Anton Dibowitz, current chief commercial officer, will take the top job from July 1, succeeding Per Wullf who will remain a board director, the company said. Dibowitz, a U.S. citizen, joined the company 10 years ago.
Skangas Names LNG Bunker Supply Ship Coralius
Coralius, the first European built LNG bunker and distribution vessel was named Monday, May 22, by Johanna Lamminen, Chair of the Board of Skangas and Chief Executive Officer of Gasum. The 5,800 cbm vessel was commissioned by owners Anthony Veder and Sirius Shipping in 2015 and was built by Royal Bodewes. This new vessel will offer LNG bunkering services for Skangas, a subsidiary of Gasum, mainly operating in the North Sea, the Skagerak area and the Baltic Sea. With this new bunker feeder, LNG as a marine fuel will become more accessible for the Scandinavian region.
MOL to Build Japan's First LNG-Fueled Tugboat
Mitsui O.S.K. Lines (MOL) has announced the company's decision to build an LNG-fueled tugboat. The new tugboat, the first LNG-fueled tug in Japan, will conform to the IGF code issued in January of this year and is subject to be examined by Japan's Ministry of Land, Infrastructure, Transport and Tourism. MOL will own the tugboat, slated for construction at Kanagawa Dockyard. Yanmar Co will supply LNG-fueled engines. Osaka Gas will supply LNG fuel to the tugboat. Nihon Tug-Boat will operate the tugboat. The new tugboat will be deployed in Osaka Bay in April 2019.
Coldharbour, Hansun Ink China Distribution Deal
Coldharbour Marine, developer of a unique in-tank, in-voyage and inert gas-based ballast water treatment system for large tankers, bulkers and LNG vessels, has signed an agreement with Hansun (Shanghai) Marine Technology Co Ltd covering the marketing and distribution of Coldharbour products in mainland China. The contract, finalized at a recent ceremony in Shanghai, is part of the companies’ joint preparations for the IMO’s Ballast Water Convention which enters into force on September 8 this year.
Solstad CSV Serviced ahead of Australian Deployment
Gibraltar shipyard Gibdock said a surge in offshore vessel repair and maintenance work has included a special project for Norwegian offshore vessel owner and operator Solstad, to ensure that Normand Reach meets the hull cleanliness standards set by Australia’s National Biofouling Management Guidelines for commercial vessels. The 120.85-meter-long Solstad CSV entered the yard for a special wash and brush up on its way to Western Australia, where it has been reported as due to enter charter in the coming weeks to work in the Ichthys gas field development project.
Innovative Subsea Crane Ordered for RSV Conversion
Brazilian ship owning company CBO’s vessel CBO Manoella is currently being retrofitted from an offshore platform supply vessel (PSV) into a ROV Support Vessel (RSV). As part of the conversion project, CBO has assigned Rolls-Royce to equip the vessel with a new patented hybrid dual draglink (DDC) subsea crane, marking the first installation of a subsea crane designed to be able to use either fiber or steel wire rope. Marcelo Martins, CBO, Technical Director said, “This is one of two vessels CBO is now retrofitting from PSVs to RSVs…
POSCO Seeks June LNG Cargo via Tender
South Korea's POSCO is seeking a liquefied natural gas (LNG) cargo for delivery on June 26 to 30 via tender, trade sources with knowledge of the tender said on Friday. The tender will close on May 22, the sources added. (Reporting by Mark Tay; Editing by Christian Schmollinger)
ACE Winches Delivered Back Deck Solution to Saipem
Deck machinery specialist, ACE Winches has delivered and engineered a back deck solution for Saipem. Working to a tight deadline of three and half weeks, ACE Winches worked in conjunction with Scantrol AS to supply a deck machinery solution which included an Active Heave Compensation winch and A-frame solution that will be used as an auxiliary deep water deployment system for subsea equipment. The deck machinery equipment was engineered and manufactured at ACE Winches facilities in Aberdeenshire and was mobilized to Saipem for work scheduled for 2017 and beyond.
Keppel on Track to Deliver Rig for Caspian Drilling
Keppel Offshore & Marine Ltd (Keppel O&M) through its subsidiary in Azerbaijan, Caspian Shipyard Company (CSC), is on track to deliver a semisubmersible drilling rig to Caspian Drilling Company Ltd, a subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR). The rig was named Heydar Aliyev at a ceremony in Azerbaijan today by the President of Azerbaijan, Ilham Aliyev. Built to Keppel FELS' proprietary DSSTM 38M design, the rig has been customized for the Caspian Sea's harsh environment condition. It is the first modern semisubmersible to be almost completely built in Azerbaijan.
Euronav Bags Five-Year FSO Deals
Euronav's joint venture with International Seaways (INSW) has signed a contract for five years for the FSO Africa and FSO Asia in direct continuation of the current contractual service. The contract was signed with North Oil Company (NOC), the future operator of the Al-Shaheen oil field, whose shareholders are Qatar Petroleum Oil & Gas Limited and Total E&P Golfe Limited. The new contracts for these custom-made 3 million barrels capacity units which have been significantly converted…
BP to supply LNG to Indonesia
BP has signed an agreement with Indonesian state-owned power utility Perusahaan Listrik Negara (PLN) to supply 16 LNG cargoes annually from Tangguh project during the period 2020 to 2035, Reuters reported. The Indonesian oil and gas regulator SKKMigas said that the supply will be directed to different destinations so that PLN can use it for various power plants in Indonesia. The government is expected to get $5 billion in revenue from LNG sales during the period of the contracts, said SKKMigas chief Amien Sunaryadi in a statement.
Harvey Gulf Grows Fleet, Inks Long-term Contracts
As vessel many vessel operators are stacking vessels and reducing fleet size, Harvey Gulf International Marine said it has signed four non-cancelable, long-term contracts for stacked vessels and has taken delivery of two new vessels, as well as redelivery of a vessel reconfigured for subsea services. Harvey Gulf announced the signing of long term contracts for the MPSV Harvey Intervention, 175' FSV Harvey Hustler, 180' FSV Harvey Runner and 220' FSV Harvey Express. These charters…
In Demand: Hoegh LNG’s Sveinung Stoehle
Satisfied with the recent opening of a new floating LNG import terminal in Turkey plus contract successes in Africa and Asia, Hoegh LNG CEO and president, Sveinung Stoehle, cautiously lets us into his stylish Oslo offices for a bit of “disclosure”. The Hoegh business model is winning out, and now six floating storage and regasification units, or FSRUs, are in operation with four newbuilds on the way. The terminal in Turkey was built in just six months: “It would be years, not months, for a land-based gas terminal,” Stohle asserts.
Oregon County Won't Block LNG Terminal
A coastal Oregon county overwhelmingly rejected a ballot measure aimed at blocking a proposed natural gas terminal dealing a blow to what was the latest in a series of efforts to thwart energy projects across the Pacific Northwest. The measure, had it passed, would have banned transport of fossil fuels not intended for local use through Coos County, located about 200 miles (322 kms) south of Portland. Around 76 percent of votes were cast against the measure, with 24 percent in favor, according to unofficial results posted on the Coos County government website late Tuesday.
DNV GL Initiative to Improve Offshore Site Assessments
DNV GL invites industry partners to start a Joint Industry Project (JIP) for improving the collection and assessment of site conditions data for offshore wind farms. Aiming to increase the efficiency of collecting site conditions, the new JIP will work with stakeholders from across the wind industry. The knowledge generated from the JIP is planned to be ultimately incorporated in a DNV GL recommended practice. The design of an offshore wind farm is dependent on the quality of the calculated site conditions used to derive the design parameters.
Small Vessels Boost LPG Freight Rate: Drewry
Vessel oversupply will persist in the LPG shipping market for the next two years, keeping freight rates under pressure across most size segments. However, the small vessel segment is the only category where fleet growth will be minimal, leading to a recovery in rates, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry. Most vessel size segments are expected to witness another year of rapid supply growth in 2017, with the overall fleet forecast to expand by 16%. This will keep freight rates under pressure over the next two years.
Oregon County Mulls LNG Terminal Ban
A coastal Oregon county will vote Tuesday on a ballot measure to block a proposed natural gas terminal, the latest in a series of efforts to thwart energy projects across the Pacific Northwest. The measure would ban transport of fossil fuels not intended for local use through Coos County, located about 200 miles (322 kms) south of Portland. Backers have called the initiative a response to a $7.6 billion proposal by Calgary-based Veresen Inc, to build a facility in the county where natural gas would be liquefied and transferred to tanker ships for sale abroad.
Hanssons Up Stake in NAO – Again
Nordic American Offshore Ltd. executive chairman, Herbjorn Hansson and his son, Alexander, have accumulated 1,681,007 shares in the New York listed NAO at an average price of $1.12 per share. Following the the last purchase of 181,007 NAO shares on Friday, May 12, the Hansson family together with its previous holding now hold shares equivalent to 6.5 percent of NAO.
Peace Boat to Showcase Ecoship at Nor-Shipping
Peace Boat will showcase its plans for Ecoship, a unique concept cruise vessel, at Nor-Shipping 2017. The Japanese-based organization, which works to promote peace, human rights, sustainable development and respect for the environment, will take one of the largest spaces in the event’s exhibition Hall A, dedicated to the new industry concept of Disruptive Sustainability. Peace Boat is an international nongovernmental and nonprofit body. It has operated for the last 34 years, chartering cruise vessels to voyage worldwide conducting educational programs…
Shepherd Joins Bibby Offshore's Renewables Team
Bibby Offshore, a subsea services provider to the oil and gas industry, has appointed Dorothy Shepherd as general manager, renewables. Shepherd joins Bibby Offshore with more than 15 years’ experience in the energy industry. Having spent a significant time at The Crown Estate - a key player in supporting the delivery of energy supply for the U.K. - Shepherd brings with her a wealth of offshore renewables knowledge, including the delivery of new developments and supporting infrastructure. In her new role, Shepherd will be instrumental in the delivery of new business in the renewables sector.
Containerized Control Room Delivered for SSCV Thialf
ELA Container Offshore GmbH delivered an offshore office container to Heerema Marine Contractors (HMC), a marine contractor in the international offshore oil and gas industry. The container was placed on board semisubmersible crane vessel (SSCV) Thialf and was used as a control room to operate their anchor winches. The Thialf is HMC's largest SSCV, capable of a tandem lift of 15,600 tons. Its two cranes provide for a depth reach lowering capability as well as a heavy lift capacity to install topsides.
UMW Wins Petronas Contract
UMW Offshore Drilling has received two contracts from Petronas Carigali worth US$34.81mil to provide services to its firm and optional wells. UMW Offshore Drilling is a wholly-owned subsidiary of UMW Malaysian Ventures (UMV), which in turn is a wholly-owned subsidiary of UMW Oil & Gas Corporation (UMW-OG). UMW-OG said that the contracts are to provide jack-up drilling rig services for both firm and optional wells. The Contract is for the provision of Drilling Rig Services for PCSB’s Drilling Programme, whereby UMW-OG Group will assign its UMW NAGA 3 for this contract.
IMCA Supports CBP's Jones Act Decision
The International Marine Contractors Association (IMCA) welcomed withdrawal of the Customs and Border Protection (CBP) notice to revoke and modify rulings relating to offshore vessels under the Jones Act. Allen Leatt, Chief Executive of IMCA, explained, “Members of the International Marine Contractors Association with vessels active in U.S. waters, together with their clients, welcome the decision by the U.S. Customs and Border Protection (CBP) Agency to withdraw its proposed revocation of longstanding decisions made over the last 40 years concerning the Jones Act.
Arctic Council Meeting Stirs Hidden Tensions
As foreign ministers from countries with territory in the far North celebrated an agreement on fighting climate change this week, one topic seethed below the surface: growing competition for Arctic resources and sea lanes as the ice melts. Russia, one of eight members of the Arctic Council which includes the United States, Canada and the Nordic countries, has been pouring money and missiles into the Arctic as well as reopening and building bases there. This is bringing its Arctic military presence to the highest level since the 1991 fall of the Soviet Union.
ACE Winches' Mooring System on the Iron Lady Barge
ACE Winches has mobilized a six point mooring system to anchor the Iron Lady Barge being used on the Brent decommissioning project. The equipment, designed and manufactured by ACE Winches at its global headquarters in Turriff, Aberdeenshire is now in situ and being supported by a team of ACE Winches offshore personnel. ACE Winches manufacture a range of standard and bespoke drum winches, available in single or double drum configurations. Drum winches are designed to be utilized for hoisting…
Safety in LNG Usage as Marine Fuel
The safe use of natural gas as marine fuel was in focus at the International Conference on Liquefied Natural Gas for Transport and Industry in Naples, Italy (10-11 May). International Maritime Organization (IMO)'s Loukas Kontogiannis gave an update on IMO regulations on the subject, specifically, the International Code of Safety for Ships using Gases or other Low-flashpoint Fuels (IGF Code), which entered into force on 1 January 2017. The International Code of Safety for Ships using Gases or other Low-flashpoint Fuels (IGF Code) aims to minimize the risk to ships…
SEACOR Declares Spin-Off Dividend of SEACOR Marine Shares
SEACOR Holdings Inc. and SEACOR Marine Holdings Inc. announced the timing and details regarding the spin-off of SEACOR Marine from SEACOR. The SEACOR board of directors has declared a pro rata dividend of the shares of SEACOR Marine common stock owned by SEACOR that will result in the complete legal and structural separation of the two companies. On the distribution date of June 1, 2017, SEACOR will distribute to its stockholders of record as of 5:00 p.m., New York City time, on May 22, 2017, the record date for the distribution, for every share of SEACOR common stock held, one share of SEACOR Marine common stock multiplied by a fraction…
Crowley to Supply LNG in Puerto Rico
Crowley Maritime Corp.’s liquefied natural gas (LNG) services group has been awarded a multi-year contract to supply additional volumes of containerized, U.S.-sourced LNG to a major pharmaceutical company’s manufacturing plants in Puerto Rico. The contract, executed through Crowley’s Carib Energy LLC subsidiary, extends a 2014 contract awarded to Crowley for LNG supply for the facilities by expanding LNG services to additional plants. The contract includes the fuel supply and transportation of LNG…
Egypt Weans Itself off Foreign Gas
Egypt seeking to defer up to 25 LNG cargoes this year-trade; talks with trade houses and producers ongoing. Egypt is holding talks with its liquefied natural gas (LNG) suppliers to defer contracted shipments this year and aims to cut back on purchases in 2018, as surging domestic gas production squeezes out demand for costly foreign imports. Cairo's desire for gas self-sufficiency by the end of 2018 bodes ill for traders having to reshuffle LNG out of the country amid concern over the impact on global gas prices if replacement markets for the world's eighth-biggest importer of the super-cooled fuel are not found fast enough. State-run importer EGAS aims to defer dozens of liquefied natural gas (LNG) cargoes due this year, analyst, trade and industry sources say.
Maersk: Shipping Recovery Coming
Maersk Line posts loss, but company sees improvement. A.P. Moller-Maersk beat first-quarter net profit forecasts on Thursday, boosted by the energy business it plans to spin off, but also reported signs of improvement at its long-suffering container shipping business. Shares in the Danish conglomerate climbed almost 5 percent after it said a gradual recovery in freight rates should boost earnings at Maersk Line, the world's biggest container shipping business, over the rest of the year.
ABS Addresses Marine and Offshore Industry Challenges
ABS held its annual Marine and Offshore Technical Committee Meetings in Houston in early May and addressed industry challenges and sharpen focus on future needs. “Collaborating with significant and recognized industry leaders representing ship owners, yards, operators, equipment manufacturers and vendors helps guide our research and development focus,” said ABS Chief Technology Officer Howard Fireman. Fireman identified four key focus areas that will help industry deal with this new data-centric world: data collection, data security, data management and data analytics.
Xodus, Green Marine Partner on Offshore Renewables
Xodus Group and Green Marine are partnering to provide an integrated service for the maintenance of offshore renewable assets. The partners will utilise Xodus’ integrity management software XAMIN to capture and monitor live data from offshore marine assets, while Green Marine will offer physical offshore inspection and repair services. The one-stop solution aims to streamline an asset’s performance, providing efficiencies and preventing downtime, in particular targeting offshore wind, tidal and wave energy devices, cabling and associated infrastructure.
CBP Withdraws Obama-proposed Jones Act Changes
U.S. Customs and Border Protection has withdrawn an Obama-era proposal to modify a law that governs shipping, which would have revoked waivers that make it easier for oil and gas operators to skirt restrictions, according to an agency bulletin published Wednesday. For nearly 40 years the CBP has provided exemptions to the Jones Act, which mandates the use of U.S.-flagged vessels to transport merchandise between U.S. coasts. The exemptions have allowed oil and gas operators to use often cheaper, tax-free, or more readily available foreign flagged vessels. The CBP has weighed revoking these waivers after President Barack Obama's administration proposed to put them on the chopping block two days before President Donald Trump took office.
Mariners, Shipbuilders Call on President to Put U.S. National & Economic Security First
Profoundly damaging announcement by U.S. Customs and Border Protection (CBP) puts foreign companies first and American companies and workers last. The Offshore Marine Service Association (OMSA) today responded to an announcement by U.S. Customs and Border Protection (CBP) to withdraw its second proposal to modify and revoke letter rulings. This decision hurts American workers, vessel owners, and U.S. shipbuilders and prevents the creation of 3,200 new American jobs. Obliging to foreign interests…
Gulf of Mexico is Ground Zero for the Jones Act
A vastly modernized U.S. offshore support fleet awaits the opportunity to perform Jones Act work in the U.S. Gulf of Mexico. Foreign operators, already here, predict disaster if a cabotage rule change takes effect. A change proposed by the US Customs and Border Protection (CBP) in its Customs Bulletin & Decision newsletter promises reversal of a 40-year practice that, until now, allowed the use of non-coastwise-qualified vessels in the transportation of pipeline repair material…
Polarcus Fleet Booked through Q3
Polarcus Limited said it has received a letter of award for a broadband 3D marine seismic project in Asia Pacific. With this contract, Polarcus’ fleet is fully booked through to the end of the third quarter 2017. The project is due to commence in the third quarter of 2017 and will run for approximately one month.
Hanssons Increase Stake in Nordic American Offshore
The executive chairman of Nordic American Offshore Ltd. (NAO) and his family have increase their holding in the company, now holding shares equivalent to 5.4 percent of NAO. On Wednesday a company owned by the NAO executive chairman, Herbjorn Hansson, and his son, Alexander, bought 500,000 shares in NAO at an average price of $1.18 per share. They also bought 500,000 NAO shares on Tuesday.
Canada to Roll Out First Propane Export Terminal
Royal Vopak and AltaGas have entered into a joint venture and will invest together in the development of the Ridley Island Propane Export Terminal (RIPET). RIPET is expected to be the first propane export facility off the west coast of Canada. The project is to be designed to ship 1.2 million tonnes of propane per annum, with approximately 96,000 cubic meters of storage capacity. The facility is expected to be commissioned in Q1 2019. Vopak will take a 30 percent interest in RIPET.
New Asset Integrity Management System Launched
Bureau Veritas has launched Veristar AIM 3D asset integrity management system, based on technology partner Dassault Systems’ 3DEXPERIENCE platform. The new solution combines a digital twin of any marine or offshore assets with smart data in a collaborative environment. Veristar AIM 3D will be used in the design, development and implementation of the operational lifecycle, to reflect and predict the condition of any asset, or fleet of assets. The solution supports risk based inspection and condition based maintenance approaches.
EIA Release Short-Term Energy Outlook
The U.S. Energy Information Administration released its Short-Term Energy Outlook. • North Sea Brent crude oil spot prices averaged $52 per barrel (b) in April, $1/b higher than the March average and the fifth consecutive month that Brent crude oil spot prices averaged between $50/b and $55/b. EIA forecasts Brent prices to average $53/b in 2017 and $57/b in 2018. West Texas Intermediate (WTI) crude oil prices are forecast to average $2/b less than Brent prices in both 2017 and 2018.
Energy Island: Europeans Mull North Sea Hub
A plan set in motion by three European transmission system operators (TSO) aims to develop mammoth offshore wind farm infrastructure in the North Sea supported by at least one manmade island. First unveiled in June 2016, plans for the North Sea Wind Power Hub project will now press ahead to develop a large offshore renewable European electricity system following the signing of a trilateral agreement by TenneT TSO B.V. (Netherlands), Energinet.dk (Denmark) and TenneT TSO GmbH (Germany) in Brussels on March 23, 2017.
Vestdavit Brings New Davit Lifting Force to Market
Vestdavit has completed its largest ever single-point A-frame davit for over the side boat handling, rising to the continuing challenge set by customers to be able to launch and retrieve ever larger workboats from their ships. The first PAP-16000 davit, which features a safe working load of 16t, will be installed on board a service operation vessel destined for a specialized segment in the offshore industry for an unspecified owner. The 58.5 m length vessel, due delivery by the end of 2017, will operate off north continental Europe.
Petronas Targets New Markets for LNG
Malaysian oil company Petronas is looking to tap new markets to sell liquefied natural gas, including as fuel for ships, the head of its upstream operations told Reuters on Monday. State-owned Petroliam Nasional Berhad, known as Petronas, also sees significant growth potential for LNG in India, Pakistan, Bangladesh and some parts of Southeast Asia, its upstream CEO Mohd Anuar Taib said. "The key for us in the LNG business is to figure out a way to broaden and expand the customer base…
Hempel: New Coatings for Offshore Structures
Hempel has launched two new advanced coatings specifically developed to protect the vulnerable “splash zone” areas of offshore structures. The “splash zone” is the area of an offshore asset (oil & gas platform or wind turbine, for example) that is just above the waterline and so suffers from the dual impact of atmospheric and immersion-type corrosion; as well as physical damage such as abrasion and impact, especially in areas around boat landings. Launched in Europe today, Hempadur…
Kvaerner Lifts 2017 Forecast
Kvaerner, the Norwegian builder of oil platforms, lifted its 2017 outlook on Monday as a slump in the oil sector eased with a year-on-year lift in crude prices. Kvaerner's clients, oil companies, have reported forecast-beating earnings so far in this quarter, helped by a 55-percent jump in oil prices from a year ago, including Norwegian major Statoil last week. "Since the oil price started a decline in 2014, the market for both new investment projects and for operation of existing facilities has been turbulent.
CFD Simulation of a Fully Featured Offshore Platform Model
CFD simulations of offshore oil and gas platforms are used to predict the maximum wind loads acting on the structure of the platform topsides (the upper half of the platform, above sea level and outside the splash zone, including the oil production plant, the accommodation block and any drilling equipment). The wind loads are used as waves and current loads to design the mooring of the structure, and can be significant in specific ocean areas. Because platform topside geometries were traditionally considered too complex to mesh in high detail…
ECO Affiliates Ink 5-Year Deal with Shell for IMR Vessel
Two affiliates of Louisiana-based Edison Chouest Offshore (ECO) have signed a five-year contract with Shell Brazil for light subsea construction, and inspection, maintenance and repair (IMR) services from the M/V Island Enforcer, a 402-ft. subsea installation and construction vessel. According to ECO, the agreement includes a varied list of projects featuring vessel services from ECO affiliate Bram Offshore, and ROV and survey services from C-Innovation. The all-inclusive contract also includes installation…
ENGIE, AES to Expand LNG Partnership to Central America
ENGIE and The AES Corporation have agreed to enter into a joint venture to market and sell liquefied natural gas (LNG) to third parties in Central America. The joint venture will utilize the Costa Norte LNG terminal currently under construction in Colón, Panama, which is owned 50/50 by AES and Inversiones Bahía. The total capacity of the Costa Norte LNG terminal is approximately 1.5 million metric tons per annum (mtpa), of which 25 percent will be used for the 380 MW AES Colón CCGT currently under construction on the same site. ENGIE will supply up to 0.4 mtpa of LNG to the CCGT beginning in 2018. The remaining terminal capacity is primarily available for the joint venture to market and sell to third parties…
De Nora Unveils New Omnipure Series
De Nora, a manufacturer of electrolyzers, electrodes, coatings, electrochemical and water treatment technologies, has announced the debut of the all new OMNIPURE Series 64 sewage treatment systems. The OMNIPURE Series 64 system is the newest and most advanced offshore marine sanitation devices. The easy to operate system offers minimal maintenance, simplified operations, compact design, and a completely hands off solids management process that is compliant with International Maritime Organization (IMO) standards. The OMNIPURE Series 64 system has received Type Certification to IMO MEPC 64 (227) by Bureau Veritas (BV). “Far different from other systems on the market…
Norsafe Lifeboat Systems Ordered for Njord A Platform
Norsafe has received orders from Kværner relating to the delivery of new lifeboat systems to Statoil’s Njord A platform. Norsafe will supply three lifeboat systems of its largest freefall lifeboat, the GES 52, with compatible davits. The lifeboat systems are built according to SOLAS and DNV-OS-E406, and although the products were developed just a few years ago, they have already been delivered to many installations worldwide. The contract is worth over 35 million Norwegian kroner and will be delivered in 2018 and 2019.
ABS, DSME Pact on Novel FLNG Concept
ABS signed an agreement with Daewoo Shipbuilding and Marine Engineering Co. (DSME) to support safety and apply class guidance to a conceptual Floating Liquefied Natural Gas (FLNG) unit. “We are pleased to sign this agreement and work with DSME to support new innovations and technology advancements in the offshore industry,” says ABS Executive Vice President of Global Offshore Ken Richardson. “As gas continues to play an increasingly important role in the global energy mix and industry looks to develop new resources, ABS remains committed to its mission of advancing safety,” Ken added.
MOL Group Q1 Shows Robust Earnings Growth
MOL Group announced its financial results for Q1 2017 in which all business segments – Upstream, Downstream, Consumer Services, Gas Midstream – managed to increase their contributions compared with the same period of the previous year. Upstream EBITDA surged year-on-year by 50% and reached USD 219mn capitalizing on higher oil prices and the very competitive asset base. Production remained stable at 111,500 barrels of oil equivalent per day. Downstream posted an all-time high first quarter clean CCS EBITDA delivering USD 324 mn, which is 15% higher than in the same period of the previous year.
DONG Energy Settles Platform Dispute
DONG Energy said it has reached a settlement with Daewoo Shipbuilding & Marine Engineering and Technip over who bears responsibility for construction errors concerning an offshore platform for the idled Hejre field. The settlement clears a major hurdle for the Danish company's plans to divest its oil and gas unit to focus on its growing business of developing offshore wind farms. DONG said in a statement that the agreement will reduce the 2.5 billion Danish crowns ($367 million) of provisions it made in relation to the Hejre field ahead of its listing, which was one of the largest in the world last year. It will also have a positive impact of around 900 million crowns on operating profit in DONG's Discontinued Operations…
Germany Chooses Kongsberg Research Ship Concept
A double digit multi-million Euro contract was signed by Kongsberg Maritime and Fassmer Werft on April 4th, 2017, following the German Federal Maritime and Hydrographic Agency’s (BSH) approval of Kongsberg to deliver a unique technical solution based on its ground-breaking Integrated Vessel Concepts for the newbuild research vessel Atair II, which will be built at the Fassmer yard in Berne. Kongsberg's Integrated Research Vessel concept will unite operational hydrographic and energy functions on board…
ABS Approves Innovative Drillship Design
ABS is working with industry to improve efficiencies in offshore development. “ABS is working on multiple fronts to help the offshore industry find efficiencies and streamline operations,” says ABS Executive Vice President for Global Offshore Ken Richardson. “We are coordinating efforts for standardization and working one-on-one with companies that are changing the way offshore projects are executed,” he added. Recent work with Diamond Offshore Drilling, Inc. on the company’s Floating Factory drillship concept is an example of how ABS is working with drilling contractors…
Changing the Landscape of LNG Production
Successful completion of the Petronas Floating LNG facility (PFLNG) Satu is a milestone for the oil and gas industry and for the Malaysian energy giant. Designed by consortium leader TechnipFMC and fabricated at the Daewoo Shipbuilding and Marine Engineering yard in South Korea, PFLNG Satu achieved the first-ever production of LNG offshore in December 2016. The 365-meter by 60-meter facility processes, produces and offloads LNG in situ, directly above natural gas reservoirs. FLNG allows the monetization of remote…
Gail India Seeks Three LNG Cargoes in H2
Gail India has launched a tender to buy three liquefied natural gas (LNG) cargoes in the second half of 2017, trade sources said. The importer is seeking a cargo for July, September and November, they said. (Reporting by Oleg Vukmanovic, editing by David Evans)
DNV GL Eyes Dynamic Risk Assessment
Traditional risk management practices involves operators navigating large static risk reports, in addition to handling massive amounts of data, with a limited timeframe to make risk informed decisions during operations. DNV GL launches a position paper showing how risk assessments can be made more dynamic, to provide improved and real-time decision support during operations. Static quantitative risk assessment (QRA) reports are widely used in the oil and gas industry to evaluate the safety of activities and systems.
TMC Compressors for Höegh FSRU
TMC Compressors (TMC) said it has penned a contract with shipbuilder Hyundai Heavy Industries to supply a complete marine compressed air system to a new-build floating storage and regasification unit (FSRU) the South Korean yard is building for Höegh LNG. TMC scope of work includes engineering, manufacturing and supply of a complete compressed air system consisting of 2 x 44 kW service air compressors and 2 x 44 kW control air compressors. The contract value is undisclosed. “This is the 8th or 9th FSRU that Hyundai Heavy Industries is building for Höegh LNG…
New Crane for Offshore Wind Turbine Repair
Huisman said it has developed a new lightweight crane type for the maintenance of offshore wind turbines: the 'Foldable Offshore Crane'. The crane combines unparalleled lifting heights and more than sufficient lifting capacity with a foldable boom resulting in less required deck space and a low own weight of the crane, Huisman said. The selection of this crane for the maintenance of offshore wind turbines will therefore require a smaller, and thus more cost effective, jack-up vessel than currently required.
OSM Sees Offshore Activity Uptick
The offshore supply industry is largely in turmoil, staring down issues with overcapacity, lay-ups, layoffs, industry restructuring and asset speculation happening on a broad scale. OSM, a Norway based third-party management provider in the maritime industry, said it saw an increased number of vessels laid-up in 2016 with a reduction in the available offshore crew positions, but so far 2017 has been a different story. “Vessels where OSM manage the crew have been entering back into operation and new vessels have come into the fleet.
Jones Act MPSV Harvey Sub-Sea Delivered
Harvey Gulf International Marine has announced the delivery of the first of two, large capacity multipurpose support vessels (MPSV) scheduled for 2017 deliveries, enhancing the domestic Jones Act Fleet. This first vessel, the M/V Harvey Sub-Sea, is a Jones Act-qualified vessel that has the technical capabilities to efficiently, effectively and safely perform high quality field development activities that are currently being performed by a foreign fleet. As U.S. Customs & Border…
Seacat Services Launches Two Vessels
Offshore energy support vessel (OESV) operator Seacat Services has completed its latest investment in its fleet, launching two vessels with the capacity for 24 industrial personnel – the newly-accepted Seacat Enterprise, and the upgraded Seacat Courageous. These boats are among the first wave of offshore energy support vessels to be certified under the new HS-OSC (High Speed – Offshore Service Craft) code, which now allows vessels under 500 metric tons to carry up to 60 industrial personnel.
Armed Piracy in West African Waters Rise
Bulk of attacks occurred off Nigeria. Armed attacks on ships in West African waters nearly doubled in 2016, with pirates increasingly focused on kidnapping their crew for ransom off Nigeria's coast, a report said on Tuesday. A recent spate of attacks off Somalia, meanwhile, may also indicate a resurgence of piracy in East Africa as a result of less vigilance, the Oceans Beyond Piracy (OBP) project said. OBP, a project of the privately funded One Earth Future Foundation that encourages cooperation across the international maritime community to tackle piracy, recorded 95 attacks in West Africa's Gulf of Guinea in 2016, up from 54 the previous year.
Sovcomflot Launches LNG-Powered Ships
Russia’s biggest tanker operator will launch four new vessels in 2018 that will run on liquefied natural gas (LNG), Bloomberg reported. Sovcomflot’s Aframax ships, capable of carrying 600,000 barrels of oil through the Baltic Sea to the port of Rotterdam, will be the first tankers run on LNG. Royal Dutch Shell Plc and other energy companies that have invested more than $700 billion in LNG projects over the past decade are going to be benefitted by this project. While ships won’t transform the market, Energy Aspects Ltd.
Death Toll Rises in Korean Shipyard Accident
A crane has collapsed at Samsung Heavy Industries shipyard in South Korea, killing six workers and injuring 22, reports Reuters. The South Korean shipbuilder quoted as saying that rescuers are searching for people trapped under debris after the 32-tonne crane fell on a ship at its shipyard on Geoje island. The incident took place during the construction of an oil platform for French energy company Total's Martin Linge field off Norway. The company said the crane collided with another crane before it collapsed onto the ship. All of those killed were workers hired by various subcontractors at Samsung. A spokesman for Total's Norwegian subsidiary said that it was too early to say what would be the consequences for delivering the platform.
Fourth LNG-powered OSV for Harvey Gulf
Harvey Gulf International Marine said it has accepted delivery of its fourth liquefied natural gas (LNG) powered offshore supply vessel (OSV). The M/V Harvey Freedom, built at Gulf Coast Shipyard Group in Gulfport, Miss. is 310’ x 64’ x 24.5’, U.S. Flagged Subchapter I and L, SOLAS compliant and capable of carrying 253,000 USG of fuel oil, 18,000 bbls of liquid mud, 1,600 bbls of methanol, 10,250ft3 of dry cement and 78,000 USG of LNG fuel. In addition to being powered by cleaner burning natural gas…
Firefighting on Workboats
Marine fires have been some of the toughest fires for anyone to fight. Whether it’s a fire on your own boat, or a vessel you are escorting or working with you will need to know what you are doing if you wish to operate safely. Marine Firefighting Inc. has been training mariners as well as land-based firefighters to deal with all types of marine fires for more than 17-years. Much of our mariner training dealt with work boats built with powerful firefighting pumps and fire monitors used to deal with liquefied natural gas (LNG) ships and offshore facility fires.
Edison Chouest, BP Extend GoM Partnership
Edison Chouest Offshore (ECO) and its family of companies has reached a 30-month alliance agreement with BP, the largest energy investor in deepwater Gulf of Mexico over the past decade. Chouest and BP have enjoyed a business alliance for over eight years, and the new alliance will continue to include Chouest affiliates ECO (vessel services), C-Port (multi-service terminal facilities in Louisiana’s Port Fourchon) and C-Logistics (logistics coordination, expediting and tracking cargo movement). Items in the alliance agreement include a three-year extension for utilization of BP’s Gulf of Mexico Preservation and Maintenance facility, designed and built by Chouest, and located at the intersection of Hwy. 90 and LA 311, just northwest of Houma, La.
Lamprell Delivers 9th Jackup Drill Rig to NDC
Lamprell announced the completion of construction of Al Lulu, the final jackup drilling rig in a series of nine delivered to Abu Dhabi’s National Drilling Company (NDC). The contract for the NDC Al Lulu rig was awarded in April 2015, one of only three rig orders awarded that year. All nine rigs have been designed according to the Cameron LeTourneau Super 116E (Enhanced) Class design and were completed to the highest standards of quality using the latest in drilling system technology, the builder said.
Ampelmann Debuts S-type Walk-to-Work System
Dutch company Ampelmann says it has designed its latest motion compensation access system, the S-type, as a cost effective and safe option in the transportation of workers and luggage to and from offshore platforms. The company, a provider of offshore access systems to the energy industry, is launching the new Walk-to-Work system as an alternative to using helicopters or baskets. In total, the cost of using the system will be around 30 perceent cheaper than helicopters, the manufacturer said. The S-type incorporates a lightweight system that uses a low amount of energy to operate.
New FSRU Concept Stems from ABS, HHIC Project
ABS partners with HHIC to advance safety and set standards in new FSRU design concept. Working with Hanjin Heavy Industries and Construction Co., Ltd. (HHIC) as it completed a new Floating Storage and Regasification Unit (FSRU) design concept, ABS provided safety guidance and advice on regulatory compliance throughout concept development. “Industry is exploring options for getting gas to new and expanding markets,” said ABS Vice President for Global Gas Solutions Patrick Janssens.
DMCA Visits Seacor Marine
Dubai Maritime City Authority visits Seacor Marine, a major operator of offshore marine support vessels, to further reinforce local maritime sector in partnership with private sector. Led by Amer Ali, Executive Director of DMCA, and Nawfal Al Jourani, Chief Officer of the Dubai Maritime Cluster Office, the DMCA’s delegation discussed best solutions and efficient measures to further capitalize on promising opportunities and address current and emerging challenges facing Dubai’s maritime community.
Singapore Rolls Out LNG Bunkering Standard
The first Singapore Technical Reference (TR) 56 for Liquefied Natural Gas (LNG) Bunkering was launched by the Maritime and Port Authority of Singapore (MPA), SPRING Singapore and the Standards Development Organisation @ Singapore Chemical Industry Council (SDO@SCIC). This standard has been developed to provide a safe, efficient, sustainable and transparent technical framework for conducting LNG bunkering operations in Singapore, thereby offering greater assurance to local and international LNG bunker buyers and suppliers.
Australia Plans to Limit LNG Exports
Australia's conservative government unveiled a radical plan on Thursday to restrict exports of liquefied natural gas (LNG) at times when domestic shortages push up local prices, aiming to ease soaring energy costs for local manufacturers. The plan would allow Australia's resources minister to impose controls on LNG exports on advice from the market operator and regulator, as the government seeks to cap domestic gas prices, which have become a political hot potato. "It's not a threat. This will be export controls.
Op/Ed: Trump Signals New Day for Offshore Energy
National Ocean Industries Association president Randall Luthi weighs in on President Trump’s Executive Order on offshore energy. It’s a new day and a new attitude for American energy. The National Ocean Industries Association (NOIA) applauds President Donald Trump’s Executive Order recognizing the vital role of offshore energy in an overall national energy policy. The Energy Information Administration (EIA) predicts that in the year 2040, traditional forms of energy, particularly fossil fuels, will provide almost 80 percent of our energy needs.
DOF Takes Over Canadian Subsea Shipping Company
Norway’s DOF Subsea AS said it has purchased the remaining shares in Canadian Subsea Shipping Company AS. Before the transaction, DOF Subsea AS owned 45 percent of the shares in the company. Canadian Subsea Shipping Company AS has a newbuild vessel under construction at Vard Group in Norway.
Kongsberg Maritime, SES Form Strategic Alliance
Kongsberg Maritime Inc., the North American division of Norway headquartered marine and offshore technology company Kongsberg Maritime, and Houston headquartered Stress Engineering Services (SES) have formed a strategic alliance to better serve existing and new clients with cost effective engineering services and fully integrated technical solutions within offshore drilling and floating production systems. By combining Stress Engineering Services’ wide-ranging engineering expertise…
BOURBON to Install Mooring for Floating Wind Turbine
French offshore marine services company BOURBON said it has been awarded a contract for the mooring installation of the first floating wind turbine in France at the experimental test site of SEM-REV managed by Ecole Centrale de Nantes (ECN), in the context of European project FLOATGEN. The mooring installation will take place during summer 2017 based on a method jointly established by BOURBON and Ideol’s engineering teams in collaboration with the Ecole Centrale de Nantes. The wind turbine will be installed at the SEM-REV site near Le Croisic, France, by the end of the year. BOURBON’s Subsea Services team will be responsible for the project management, mooring installation and engineering.
BW Offshore to get FPSO from Keppe
Keppel Shipyard Ltd (Keppel Shipyard), is on track to deliver a Floating Production Storage and Offloading (FPSO) vessel to BW Catcher Limited, a wholly-owned subsidiary of BW Offshore. When completed BW Catcher will be on a 7-year fixed term and 18 years of options contract with Premier Oil and will be deployed to the Catcher Field located in Central North Sea, UK. Keppel Shipyard's work scope on the FPSO include the installation and integration of topside modules. BW Catcher is scheduled for sailaway from the shipyard in the next few months and is on track to achieve its first oil in 2017. "Having worked together on 11 other projects previously, Keppel has proven to be a reliable partner," said Carl Arnet, CEO, BW Offshore.
TechnipFMC wins EPC Contract
TechnipFMC has been awarded by Zakum Development Company (ZADCO) an Engineering, Procurement and Construction contract (EPC3 project) for a sulfate reduction plant on West Island located offshore Abu Dhabi, United Arab Emirates (UAE). The objective of the EPC3 project is the installation of a sulfate reduction plant module (SRP) along with new installations and tie-in to existing facilities in West Island. The SRP module incorporates cutting edge water treatment technologies with advanced filtration and nano-filtration systems.
Pemex Approves New Deep Water Gulf Joint Venture
The board of Mexico's state-owned oil company Pemex on Thursday approved its second-ever deep water joint venture covering the Nobilis-Maximino block in the country's territorial Gulf waters. Reuters revealed details of the plan last week. (Reporting by David Alire Garcia)
Louisiana OKs Use of Grants for DP Assessments
The Louisiana Workforce Commission (LWC) has approved use of Incumbent Worker Training Program (IWTP) grants to cover the cost of Offshore Service Vessel Dynamic Positioning Authority, Inc. (OSVDPA) Phase 4 Assessments. “It’s great to see the Louisiana Workforce Commission recognize the OSVDPA’s assessments as an important part of the professional development of mariners,” said OSVDPA Executive Director, Aaron Smith. In addition to two classroom courses and two periods of on board experience gathering…
Updated Forecast: Floating Production System Orders
World Energy Reports has released its midterm five year forecast of production floater orders. The forecast, detailed in the March 2017 WER report, reflects positive and negative developments in underlying business drivers since WER’s five year forecast last October. Likelihood that the November U.S. election results will accelerate U.S. More rapid expected increase in cost of capital – U.S. Overall, the net impact of these changes is slightly negative – but the outlook for a ramp up in production floater orders remains bullish.
First Spanish-built SOV Launched
The first service operation vessel (SOV) built in Spain has been launched at shipbuilder GONDAN’s facilities in Figueras. This 81.1-meter-long and 17-meter-beam vessel is the first of two new SOVs that GONDAN will deliver to Norwegian ship owner Østensjø Rederi, with whom GONDAN has signed already 13 shipbuilding contracts in the last decade. The launch event was attended by representatives from Østensjø Rederi as well as the charterer of the vessel, Dong Energy. Both vessels are being built according to UT 540 WP design by Rolls Royce Marine.
Total Expects Decision on First Libra FPSO by Summer
A decision on the first floating, production, storage and offloading (FPSO) vessels on the giant Libra project in Brazil will be made by the summer, Total's head of exploration and production said on Thursday. "We are actively working actively on Libra to have the first FPSO decided before summer," Arnaud Breuillac told an oil summit in Paris. Total is one of the partners in Libra with Brazil's state-controlled oil company Petróleo Brasileiro SA. The project will see the installation of four FPSOs in the field with a capacity to produce 180,000 barrels of oil a day (bpd) in 2020. (Reporting by Bate Felix)
ABS Leads Ballast Water Management Workshop
ABS, a provider of classification and technical services to the marine and offshore industries, hosted a Ballast Water Management (BWM) Workshop for ship owners with BWM systems installed onboard their vessels. The full-day session covered a range of issues, including installation, commissioning and operational challenges associated with BWM systems. “This workshop is another example of how ABS serves as a trusted advisor and independent voice, facilitating dialogue and discussions around the most pressing technical and operational challenges…
Poland to Receive first US LNG Delivery in June
Poland will receive its first liquefied natural gas supplies (LNG) from the United States in mid-June as a result of a deal Polish gas firm PGNiG signed with Cheniere Energy, state-run PGNiG said on Thursday. Cheniere Energy will make the spot delivery at the Swinoujscie terminal on the Baltic Sea. Poland, which consumes around 15-16 billion cubic metres (bcm) of gas annually, built its first LNG terminal in Swinoujscie as part of a bigger plan to reduce reliance on gas it imports from Russia's Gazprom.
US Authorizes Non-FTA LNG Export from Golden Pass
The U.S. Department of Energy announced that it has signed an order authorizing Golden Pass Products LLC to export domestically produced liquefied natural gas (LNG) to countries that do not have a free trade agreement (FTA) with the United States. Golden Pass is authorized to export LNG up to the equivalent of 2.21 billion cubic feet per day (Bcf/d) of natural gas to any non-FTA country not prohibited by U.S. law or policy from the Golden Pass Terminal near Sabine Pass, in Jefferson County, Texas. With the dramatic increase in domestic natural gas production, the U.S.
Speedcast, Tampnet Partner for GoM 4G/LTE Service
Speedcast International Limited, provider of fully managed remote communication and IT solutions, has signed a reseller agreement with Tampnet for 4G/LTE services in the Gulf of Mexico. The agreement marks Speedcast as the first service provider to partner with Tampnet for its high capacity offshore network in the region. Tampnet announced in March that it has reached 25 percent of its planned coverage for the Gulf of Mexico. Upon completion at the end of 2018, Tampnet will have a low latency, high capacity fiber and microwave network made up of more than 60 base stations that they estimate will cover 98 percent of all manned offshore assets. Tampnet currently owns a similarly designed offshore low-latency network in the North Sea which has been in operation since 2001.
Baltic Exchange Chief Outlines Growth Plan
Newly appointed Baltic Exchange Chief Executive Mark Jackson has set out the Exchange’s vision of the near-future in a wide-ranging speech in Singapore during the concurrent MPA Singapore Maritime and Singapore Iron Ore Weeks. “The recent acquisition of the Baltic Exchange by the Singapore Exchange (SGX) has reinvigorated this key international maritime institution, allowing us to grow our leadership profile and play a bigger role than ever before in setting standards, building consensus and leading change in the shipping markets. These are bold plans and will ensure that the Baltic Exchange remains at the heart of the bulk shipping industry for the long-term.
Drewry Trims Long-Term Freight Rate Outlook for LNG shipping
Given the mounting pressure on freight rates and continuing fleet growth over the next two years, Drewry believes that excess vessel supply will reduce only gradually with the recovery in rates pushed back to the latter part of next year, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry. Drewry maintains a bearish stance on the LNG shipping freight rate outlook for 2017 on account of strong fleet growth which is expected to be around 13%.
ABS Guide Helps Prevent Dropped Objects
ABS has provided a systematic approach to dropped object management and prevention. The new ABS Guide for Dropped Object Prevention for Offshore Units and Installations includes a program of requirements and best practices to protect assets, personnel and working environments from dropped object incidents. “Dropped objects are one of the leading causes of fatalities and serious injuries in the offshore oil and gas industry,” says ABS Executive Vice President for Global Offshore Ken Richardson.
Op/Ed: CBP’S Lawful Jones Act Revocation
In 2009, the U.S. offshore marine sector received a long over-due indication that the U.S. Customs and Border Patrol (CBP) was preparing to close loopholes and enforce U.S. law in accordance with the Jones Act. This happened when the agency unhesitatingly issued its first revocation of more than 20 letter rulings that were inconsistent with the U.S. law of the land – the Jones Act. Almost immediately there was an outcry from foreign interests who claimed, untruthfully, that this…
Total E&P UK, Survitec Ink Lifesaving Equipment Deal
Survitec Group has announced a five-year contract award with Total E&P UK Ltd for the provision of lifesaving equipment maintenance services. The contract, which adds to an existing contract for lifeboat maintenance services, covers the offshore Alwyn/Dunbar and Elgin/Franklin fields and sees Survitec providing a full range of life saving apparatus, including new lifejackets, immersion suits and liferafts. As part of the agreement, the areas of coverage will be fully supported with associated maintenance routines as part of the Survitec after-sales care package.
Statoil Downplays Risks Ahead of Arctic Drilling
Norway's Statoil on Monday played down concerns that drilling in the Arctic is risky, days before it kickstarts its drilling campaign in the Barents Sea, where the country believes around half of its remaining resources could be located. "We will start drilling the first well, Blaamann, during May ... followed by Kayak, Gemini (Nord), Korpfjell and Koigen (Central)," said a Statoil spokesman, adding each might take about a month to drill. All the wells are in areas free of sea ice thanks to the warm Gulf Stream…
Incat Crowther Designs 18m Dive Support Vessels
Incat Crowther has announced its recent contract with Legacy Marine Group of Port Elizabeth, South Africa for the design of two new 18 meter catamaran dive support vessels to be built for Stapem Offshore for operation in the coastal waters off Angola. The vessels will feature a customized design specific to supporting offshore dive operations. The aft exterior deck utilizes available space by combining deck lockers and racks for diving equipment storage with a covered dive prepping area.
Petrobangla, Summit Pact for 2nd LNG Terminal
Bangladesh's State-owned Petrobangla has inked final deals with Summit LNG Terminal Co to development the country's second floating LNG terminal. The Financial Express reported that Summit group will install a Floating Storage and Re-gasification Unit (FSRU) at Moheshkhali Island in the Cox's Bazar. The terminal will have 500 million meter standard cubic feet per day (mmscfd) capacity, which would go on operation after 18 months. The cost of the second project is estimated at $400 million-500 million…
South Korean Tender Stirs LNG Market
Asian spot LNG prices jumped this week, buoyed by hopes Korea Gas Corp's new tender would match past buying sprees and by emerging demand from China and Japan. Spot prices for June delivery rose to $5.70 per million British thermal units (mmBtu), a 20 cent jump over last week, but traders cited sharply divergent views on pricing, saying the disagreements contributed to market inertia. Still, Korea Gas Corp's Thursday tender for June and July supply - set to close on April 26 - immediately stirred up bullish offers, rescuing an otherwise muted trading week.
Polarcus Amani Delivered to Sovcomflot
A 5.5 year bareboat charter agreement between Polarcus Limited Norwegian subsidiary Polarcus Amani AS and SCF GEO AS (Sovcomflot) has been signed, and the vessel delivered to Sovcomflot in Bergen. The vessel was delivered without streamers, providing the Polarcus fleet with one excess streamer package, which the company said will significantly reduce its capital expenditure requirements through 2017 and 2018. The Polarcus Group now has two vessels on long-term bareboat charter and operates a fleet of four vessels in the contract market.