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.
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…
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)
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.
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.
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…
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…
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.
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.
Ampelmann Unveils the Icemann
Ampelmann, provider of offshore access to the energy industry, has unveiled its latest walk to work system which has been specially designed for operation in extreme cold conditions. The N-type, nicknamed Icemann, was officially launched in front of 200 guests on Thursday, April 20, in Rotterdam, Netherlands. Designed to safely and efficiently transfer crew in extreme icing and temperatures as low as -28C (-18F), the fully enclosed and insulated system is operational in sea states up to 3.5 meters significant wave height and comprises active motion compensation.
Korea Gas Corp Launches Tender for June, July LNG Cargoes
Korea Gas Corp has launched a tender seeking to buy liquefied natural gas (LNG) cargoes for delivery in June and July, trade sources said on Thursday. The scope of the company's demand is unclear as each supplier has a limit on the number of cargoes it is allowed to offer, but the firm has not spelled out an upper limit for deliveries, trade sources said. (Reporting by Oleg Vukmanovic)
MAN Cryo to Supply FGSS for LNG Ferries in Norway
MAN Cryo, MAN Diesel & Turbo’s marine-LNG fuel-gas-system manufacturer, has signed a contract with the Vard Shipyard Group in Norway to deliver a fuel-gas supply system (FGSS) to two ferries for shipowner and ferry operator Torghatten Nord. Each ferry will be equipped with a gas-electric, hybrid-propulsion system that features optional fast-charging from shore. Major efforts have been put into the design to deliver an energy-efficient propulsion and hull shape that offer a state-of-the-art environmental performance, comfort and reliability.
PLSV Skandi Búzios Begins Work off Brazil
Skandi Búzios, a pipelay support vessel (PLSV) owned 50/50 by a joint venture formed between TechnipFMC and DOF Subsea, has commenced an eight-year charter contract with Petróleo Brasileiro S.A. (Petrobras), as scheduled on April 13, 2017. Skandi Búzios is the sister ship of the Skandi Açu, which started its charter contract on August 13, 2016. These two vessels each have 650 tons flexible pipelay tension capacity, enabling the installation of large diameter flexible pipes in the ultra-deepwater Brazilian pre-salt area.
WIN WIN: Wind Powered Oil Recovery Concept Progresses
The DNV GL-led joint industry project, WIN WIN (WINd powered Water INjection), has completed its first phase and determined that wind power could be used to power offshore water injection. The project is currently moving into its second phase, which includes refining and testing the electrical systems, and investigating possibilities for broader applications. The project consists of four partners: DNV GL, ExxonMobil and ENI Norge – all part of the first phase – and the Norwegian Research Council – a new participant for this second phase.
Hydrex to Expand Antwerp Facility
Antwerp Port Authority has supported Hydrex Underwater Technologies’ plan to expand its existing 5000m² site on Asiadok on the River Scheldt with new workshops and offices. As part of its expansion, the result of organic growth over the past two years, Hydrex has also refurbished its dive support workboats and increased its manpower by 25 percent to strengthen its diver-technician capability. Hydrex Chairman Boud Van Rompay said, “The new facility together with our recent recruitment drive is consequent of market demand for swift and cost-effective underwater hull and running gear care.
Wärtsilä to Power LNG Offshore Construction Vessel
Wärtsilä is to supply the engines and other propulsion machinery for a new offshore construction vessel being built at the Cosco shipyard in China. The ship owner is Belgian operator Dredging International (DEME). This will be the first vessel of its kind to be fueled by liquefied natural gas (LNG) and in addition to the dual-fuel engines, Wärtsilä will also provide its LNGPac fuel storage and supply system and propulsion systems. The orders with Wärtsilä were booked in the fourth quarter of 2016 and in February 2017.
DP Training: Expanded Choices & Evolving Methods
Perhaps one the most obscure skill sets in today’s rapidly emerging workboat landscape is also arguably its most important. Kongsberg today remains at the cutting edge of DP training and credentialing efforts. Not lost in last month’s Offshore Service Vessel Dynamic Positioning Authority (OSVDPA) announcement that Kongsberg Maritime’s Houston training center had been accredited to conduct OSVDPA dynamic positioning operator (DPO) training courses and assessments was the fact that Kongsberg has been offering DP training for many years.
Clearance for IOC's Kochi LPG Terminal
The National Green Tribunal (NGT) has given a ‘go ahead’ to Indian Oil Corporation (IOC)’s stalled LPG import terminal project at Puthuvypeen near Kochi in South India. A statement from IOC said that NGT reaffirmed its previous order dated August 2, 2016, thereby removing the hurdles in resuming its prime infrastructure project in the State. The project work has been stalled since February 15 due to protests, alleging that IOC is violating NGT order. IOC's project was to construct a LPG Import Terminal of six lakh tonne capacity a year at Kochi in Puthuvypeen SEZ of Cochin Port Trust.
ABS Research Establishes a Firm Foundation for Jackup Moves
ABS has issued the ABS Guidance Notes on Geotechnical Performance of Spudcan Foundations, encompassing the results from multiple targeted jackup research initiatives, says a press statement from the company. This document is the industry’s first guidance to present a thorough examination of jackup foundation issues, providing methodology for installation and operation and up-to-date geotechnical site assessment. “ABS began setting the bar for safety in offshore operations since 1958…
Singapore Launches First LNG Truck Loading Facility
Singapore LNG Corporation Pte Ltd (SLNG) and Maritime and Port Authority of Singapore (MPA) jointly launched the nation’s first Liquefied Natural Gas (LNG) Truck Loading Facility during a ceremony held on 12 April 2017, at the SLNG Terminal. The launch, which was officiated by Chief Executive Officer of SLNG, Mr John Ng, and Chief Executive of MPA, Mr Andrew Tan, marks the readiness of the facility for operations. SLNG and MPA signed a Memorandum of Understanding (MoU) at the…
Essar to Develop LNG Terminal at Haldia
India's Essar Ports has won a contract to build the first liquefied natural gas (LNG) terminal in West Bengal under the Kolkata Port Trust (KoPT) at an investment of Rs 450 crore (USD 70 million). A Press Trust of India report said that the LNG project is expected to be commissioned in two years. The facility will come up at the Haldia port with a capacity to store one million tonne of the clean fuel. Haldia Dock Complex under Kolkata Port Trust had earlier this year invited bids for setting up an LNG terminal with storage and distribution facilities.
Liebherr Offshore Cranes Accessing New Markets
Liebherr’s maritime manufacturing plant in Rostock has been awarded the contract to supply the heavy-lift crane for the Orion, a new wind farm installation and platform decommissioning vessel ordered by DEME from COSCO (QiDong) Offshore, a subsidiary of COSCO Shipping Heavy Industry. The crane is rated at 3,000 metric tons at more than 50 meters, with a lifting height in excess of 170 meters and a designation of HLC (Heavy-Lift Crane) 295000. Delivery will be spring 2019. Gordon Clark…
Krill Expands Energy Monitoring Lineup
Krill Systems Inc. said it has completed its phase 2 product development cycle with the recently introduced Krill Regasification Monitoring Center (KRMC). Krill identified this phase of its business plan as the ability to supply a comprehensive range of energy monitoring products which deliver solutions to many the aspects demanded by the oil and gas industry to control energy operating costs. In phase 1, Krill said its focus was on developing Vessel Fuel Management Systems (VFMS) with high accuracy, reliability and features demanded by professional offshore and on shore commercial operators. The basic VFMS system was further developed…
‘Natural Gas Operating Fleet’ Concept Receives AiP
Wärtsilä and COSCO shipping Heavy Industry Co (CHI) have announced the joint development of a natural gas operating fleet concept, and this design has now obtained Lloyd's Register's (LR) Approval in Principle (AiP) certificate. The development project was carried out under the terms of a memorandum of understanding cooperation signed in June 2016 between the three companies. According to the developers, the aim of the concept is to offer global operators a more efficient and…
May LNG Cargo Prices Fall on Waning Demand
Asian spot LNG prices edged lower this week amid thin trade for May cargoes and as focus shifts towards June supplies. Spot prices for May delivery of LNG in Asia fell by 35 cents to $5.40 per million British thermal units (mmBtu), as interest for May cargoes weaken because most end-users have already secured their necessary feedstock for the month. Prices for June delivery of LNG in Asia was pegged slightly higher at $5.50/mmBtu amid expectations that demand could return as North Asian buyers begin purchasing cargoes to meet summer demand.
Mitsui Innovation: noah-FPSO Hull Gets AIP from BV
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) obtained Bureau Veritas Approval in Principle (AIP) for the noah-FPSO Hull and associated design and construction methods following American Bureau of Shipping. This AIP provides assurance of the feasibility and reliability of the noah-FPSO Hull design. The noah-FPSO Hull is a next generation FPSO – Floating Production, Storage and Offloading – platform, and “noah” stands for New Offshore Adapted Hull. The hallmark of the noah…
New US Pipelines to Drive Natural Gas Boom as Exports Surge
U.S. energy firms are scrambling to finish a slew of pipelines that will unleash rich reserves of shale gas in Pennsylvania, West Virginia and Ohio as the nation prepares to become one of the world’s top natural gas exporters. The pipelines are expected to boost output from shale fields in the three states by giving producers access to new domestic and international markets. Those states could supply about a third of all U.S. natural gas once the pipeline expansion is complete, up from about 25 percent now, according to projections from the U.S. Energy Information Administration (EIA).
Dual-fuel Solution to Drive World's Mightiest Cutter Dredger
Wärtsilä said it has been contracted to supply a comprehensive package of engines and propulsion machinery for a new cutter suction dredger (CSD) vessel slated to become the world's most powerful and first ever to be fuelled by liquefied natural gas (LNG). The newbuild, Spartacus, is being built at the Royal IHC yard in the Netherlands on behalf of Belgium based Dredging International (DEME). The order with Wärtsilä, worth around $21 million, was booked in the fourth quarter of 2016. The 164-meter-long vessel will have a total installed power of 44,180 kW.
DNV GL Advisor for 3 New UK Wind Farms
DNV GL, the world’s largest resource of independent energy experts and certification body, has advised renowned lenders, including Santander, on their GBP 210 million project finance investment for the construction of three new onshore wind farms by Banks Renewables, the first of which is expected to start generating electricity by early 2018. The 151 MW three wind project portfolio, Kype Muir and Middle Muir in Scotland, and Moor House in England, were among 15 projects that…
Canada, G7 Partners to Push LNG
The Government of Canada recognizes the critical role of international cooperation on energy, as it impacts economic and social development, innovation, safety and security, environmental protection, and climate change. Canada's Minister of Natural Resources, the Honourable Jim Carr, reinforced the Government's commitment to advancing lasting, good jobs in energy, ensuring energy access and security around the world and expanding the clean-energy economy while at the G7 Energy Ministerial in Rome, Italy, this week.
TMC Compressors for FRSU Newbuild
International compressor supplier TMC Compressors (TMC) said it has been awarded a contract by Daewoo Shipbuilding & Marine Engineering (DMSE) to supply a marine compressed air system to a newbuild floating storage and regasification unit (FRSU). TMC’s scope of work includes engineering, manufacturing and supply of a complete compressed air system for the FRSU, which is being built by DSME for BW LNG. Under the contract, TMC will supply 3 x 40 kW frequency controlled control air compressors and 3 x 40 kW service air compressors. The contract value is undisclosed. “Any FRSU is a vital component in the LNG value chain. That is why DMSE and BW LNG have opted for compressors that are built especially for marine application…
Heavy Lift: Cryogenic Heat Exchanger Installed
The second of three planned Main Cryogenic Heat Exchanger (MCHE) installations at a large liquefaction project in southwest Louisiana marked a milestone for the U.S. Gulf Coast project. Heavy lift and transportation services provider Mammoet used 40 axle-lines of Self-Propelled Modular Transporters (SPMTs) to transport the equipment to the installation site. The lift of the MCHE, which is 150 feet long, 16 feet in diameter and weighs a total of 576,000 lbs. (262 metric tons),…
LR to Perform Armada Olombendo FPSO Risk Inspection
Lloyd's Register has won an inspection contract with Bumi Armada Berhad for its Armada Olombendo FPSO. The contract agreement provides Bumi Armada with access to Lloyd’s Register’s risk-based inspection services and technical software which will help to develop quantifiable risk profiles. These profiles will give critical knowledge and insight for Bumi Armada Berhad’s management team on how best to approach short and long term CAPEX/OPEX decisions. The built-in risk inspection strategies used in the contract with Lloyd’s Register also provides a robust template for Bumi Armada Berhad’s baseline inspections and maintenance program while ensuring resources are focused on the high priority items first.
Seaspan Commissions New Hybrid Ferries
Seaspan Ferries Corporation (SFC) has welcomed two new dual-fueled/hybrid liquefied natural gas (LNG), diesel and battery vessels to its fleet during a double commissioning ceremony held at its Tilbury Terminal in British Columbia on April 9. The Seaspan Swift and Seaspan Reliant, the first eco-ferries of their kind in North America, were formally christened by sponsors Christy Clark, Premier of British Columbia, and Anisa White, wife of Doug White III, Councilor and Chief Negotiator for Snuneymuxw First Nation. “April 9, 2017 will be remembered as a historic milestone for Seaspan Ferries and we are extremely fortunate to have two sponsors who represent our connection to both the past and future to help bring our new vessels to life,” said Steve Roth, President – SFC.
LNG Innovation: Wison's LNG Distributor
The Wison-LNG-Distributor (LNGD) is a new multi-functional carrier with scalable capacity between 5000 to 20,000 cu. m. Wison-LNGD integrates the functions of LNG loading, bunkering and container delivery, which could make regional LNG redistribution more affordable and efficient. Wison’s LNG Distributor has been purposely designed to distribute partial loads to coastal areas in regions such as Indian subcontinent, Southeast Asia, the Caribbean, and Northern Europe. Being designed to operate at a shallow draft of 4.5m…
Cosco Delays Delivery of Jack-up Rigs for Northern
Cosco (Dalian) Shipyard, subsidiary of Cosco Shipyard Group, has reached an agreement with Bermuda-based rig owner Northern Offshore to further delay the delivery dates of two jack-up drilling rigs amid challenging offshore drilling market. Dalian shipyard received an order for two LeTourneau Super 116E jack-up drilling rigs in November 2013 and the plan was to deliver the rigs in 1H2016 and 2H2016, respectively. According to the new agreement between the Chinese yard and Northern Offshore deliveries of the two rigs will also be deferred until further notice.
BP Extends PSV Deals with Deep Sea Supply
Oslo-listed offshore vessel owner Deep Sea Supply has secured two time charter contract extensions with BP Egypt. The PSVs Sea Spear and Sea Spark have been awarded a 1 year extension of their charter contracts with start from end of current firm period, in July 2017. "Deep Sea Supply is pleased to announce an extension of two time charter contracts with BP Egypt," said a statement from the company. Both vessels started operations for BP Egypt in Egypt in July 2016 on one year firm and one year option contract. Following this extension both vessels are now firm until July 2018.
Statoil Extends Bideford Dolphin Contract
Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA, has extended contract with Statoil for Bideford Dolphin. "We have entered into a one well contract extension, including one optional well, with Statoil for use of the semi-submersible drilling rig Bideford Dolphin for operation on the Norwegian Continental Shelf, with commencement latest 31 July 2017," said a statement from the company. The one-well program is estimated to take 50 days and estimated contract value is approximately USD 8.6 million.
LNG Carrier Gaselys Repair Work Complete
Damen Shiprepair Brest (DSBr) has completed a renewal survey maintenance program on the 290-meter LNG carrier Gaselys. Co-owned by NYK Line of Japan and ENGIE (formerly GDF SUEZ), operated by Gazocean and chartered by ENGIE, the 10-year old vessel came into DSBr for a regular periodical docking that included a full schedule of works. When she was launched in 2007 the Gaselys was, along with her sister ship the Provalys, the largest LNG carrier ever built. Today they are still among the largest in operation anywhere in the world.
IMCA Reiterates CBP Proposal Opinion
IMCA stands behind its opinion that CBP implementation of its proposal will severely damage business in the US Gulf of Mexico. Quote from Allen Leatt, CEO, The International Marine Contractors Association (IMCA) in response to report at marinelink.com (OMSA: CBP Revocation Notice Boosts U.S. Jobs‘): “IMCA published its report on April 4 on the impact of the proposed CBP modifications and revocations to the Jones Act. Changes that would eliminate 40 years of stability in the workings of the Act, that has enabled industry to invest billions of dollars offshore and in the Gulf Coast States.
Another ABS NS Software Implementation
ABS, a provider of classification and technical services to the marine and offshore industries, has successfully implemented the ABS NS Fleet Management Software suite for Hadi Hammad Al Hammam Group, a leading service provider to the oil and gas industry in the Middle East. “The NS software suite is a comprehensive fleet management solution designed to improve data accuracy to inform better decisions in the office,” says ABS Nautical Systems COO Stephen Schwarz. Phase one of the project focused on compliance – integrating the NS Maintenance…
Torgy LNG Design Receives GASA Nod from DNV GL
Torgy LNG’s updated LNG Type A tank design has been granted a General Approval for Ship Application (GASA) by classification society DNV GL. The original design was the first LNG tank based on the IMO A atmospheric design to have been awarded a GASA certificate. “This review sets a new milestone for our modified LNG Type A tank design,” says Sven Halvorsen, CEO of Torgy LNG. “The results have shown significant improvements and the design concept, based on a type A tank, has many benefits compared to several of the alternative designs.
Lankhorst Fibre Mooring Lines for World’s Largest Fish Farm
Lankhorst Euronete SA is supplying fibre mooring ropes to Global Maritime Consultancy & Engineering for construction of the world’s largest fish farm near the island of Froya, offshore Norway. The new concept fish farm is a pilot facility developed by Ocean Farming, a subsidiary of the SalMar Group. The aquaculture facility comprises a slack anchored, semi-submersible structure, permanently moored at a water depth of 300m by eight 130m polyester mooring lines. Each mooring line is made up of an anchor and two lengths of rope, joined by a H-link.
CMM, HHI, Wärtsila, DNV GL Reveals LPGreen
In connection with the Gastech 2017 conference and exhibition in Tokyo, project partners Consolidated Marine Management (CMM), Hyundai Heavy Industries (HHI), Wärtsilä Oil & Gas, and DNV GL presented the results of a joint industry project (JIP) to develop a new LPG fuelled carrier design – LPGreen. Launched at the Posidonia trade fair in 2016, the JIP sought to develop a more energy efficient, environmentally friendly, and safer vessel for the transportation of LPG products.
Poland has Natgas Exports 'understanding' with U.S.
Poland's desire to cut natural gas imports from Russia has led to an "understanding" with the United States to work toward a deal to export liquefied natural gas to its new Baltic Sea terminal, the country's deputy prime minister said on Wednesday. Mateusz Morawiecki, who is also the minister of economic development and finance, said in an interview that discussions with new U.S. "The word agreement is probably premature. Understanding? Absolutely," Morawiecki said as he wrapped up a three-day U.S. visit with stops in Washington, Boston and New York.
DSME, DNV GL Partner for Efficient LNG Carrier Design
At the Gastech 2017 conference in Tokyo, Japan, DSME and DNV GL presented the results of a joint development project (JDP) for the design of an innovative, efficient LNG carrier based on today’s technology. The project focused on delivering a design which an owner can take straight to the yard and is ready for upcoming market trends and incoming regulations, with an optimal size, hull form, and machinery and electrical systems. “When we look at today’s LNG market we predict that…
Accredited Vessel Inspector Scheme Conference
An essential event for all Common Marine Inspection Document (eCMID) and Marine Inspection for Small Workboats (eMISW) stakeholders. The forthcoming Accredited Vessel Inspector (AVI) Conference will be taking place at the Novotel at Schiphol Airport Amsterdam on Tuesday April 25, 2017. This Conference is designed to provide a range of updates to AVIs on the current state and future development of the eCMID system. However, it is open to all vessel inspectors who have yet to be…
Oil Firm Penalized by DOJ for Jones Act Violation
Alaska Oil Company Agrees to Pay $10 Million in Penalties to Settle Federal Claims for Violating the Jones Act. Acting U.S. Attorney Bryan Schroder announced today that Furie Operating Alaska LLC (“Furie”), a company whose focus is exploration and production of natural gas and oil in Cook Inlet, has agreed to pay $10 million to satisfy a civil penalty originally assessed against it by U.S. Customs and Border Protection (“CBP”) for violating the Jones Act. Furie was penalized when…
OMSA: CBP Revocation Notice Boosts U.S. Jobs
OMSA says CBP Action Prevents Foreign Companies from Taking Advantage of U.S. Law. The Offshore Marine Service Association (OMSA) today issued the following statement in response to erroneous claims and misguided research released by API and companies backing foreign workers. “This study is a desperate attempt by companies promoting foreign workers to distort facts to enable them to continue to skirt U.S. law,” said Aaron Smith, President and CEO, Offshore Marine Service Association.
Wärtsilä to Provide Solutions for Höegh FSRU, LNG Vessels
The technology group Wärtsilä has been contracted to provide both equipment and maintenance for FSRU and LNG carrier vessels of Norway based operator, Höegh LNG. The orders were booked in the first quarter of 2017. Two new 170,000 m3 LNG carrier vessels being built for Höegh LNG at the Samsung Heavy Industries (SHI) and Hyundai Heavy Industries (HHI) shipyards in Korea will each be powered by four Wärtsilä 50DF dual-fuel engines. There is an option for a further three vessels in the SHI series. The two vessels will also feature the latest Wärtsilä regasification technology to operate as FSRUs.
Daewoo to Deliver Two More LNG Tankers in 2017
South Korea's Daewoo Shipbuilding expects to deliver two more ice-class tankers to lift liquefied natural gas (LNG) from Russia's Yamal LNG project this year, a company spokesman said on Monday. Daewoo Shipbuilding & Marine Engineering (DSME), which has the world's largest volume of existing orders among shipyards, has got an order to build a total of 15 ice-class tankers for the Yamal LNG project. The first tanker, named after Christophe de Margerie, the former chief executive of French oil company Total who died in an aircraft crash at a Moscow airport in 2014, made a test docking at the Sabetta port in Yamal last week. A spokesman for Daewoo Shipbuilding said on Monday that the remaining 14 LNG tankers for Yamal are all due to be delivered by 2020…
ABS Concept Approval Advances LNG as Fuel
ABS has granted a Certificate of General Design Approval (GDA) for an IMO Type B LNG fuel tank design developed by Hyundai Heavy Industries (HHI) of South Korea. HHI’s fuel tank design was conceptualized and developed to minimize the loss of cargo space and effectively use available area on board the vessel. Targeting gas-fueled vessels, the conceptual fuel tank design is based on a 14,500 TEU containership design but can be sized for other ship types and sizes. In issuing the GDA…
ABB, Presserv Partner to Preserve Idle O&G Vessels
ABB’s marine and ports business will partner with Presserv to offer maintenance packages for vessels that serve the oil and gas industry that are laid-up for prolonged periods. The two companies will combine specialized services to enable the preservation of equipment onboard, which will eventually allow the smooth and timely resumption of service. As part of the cooperation, ABB will utilize its Remote Diagnostic Service (RDS) to provide key data to optimize the care packages.
IMCA eCMID Workshop to be Held in Stavanger
The International Marine Contractors Association (IMCA) holds regular workshops to engage with the eCMID community including vessel operators, inspectors, and clients. The next workshop being held at Oceaneering International’s facility in Stavanger, Norway on the afternoon of Monday May 29, like all such workshops in 2017, has as its core theme how IMCA vessel inspection tools can assist in vessel assurance efforts for offshore contractors – in particular, for vessels brought out of lay-up, and as part of ISM code requirements.
New ABS Guide Advances Industry FSRU Development
ABS, a leading provider of classification and technical services to the marine and offshore industries, has published the ABS Guide for Building and Classing LNG Regasification Vessels, outlining guidance for classing LNG regasification vessels. “ABS has developed this industry-leading guidance based on extensive experience with the classification of LNG carriers,” says ABS Chairman, President and CEO Christopher J. Wiernicki. Floating LNG regasification uses specialized ships…
Dual-fuel Tanker Delivered to Desgagnés
Desgagnés has taken delivery of the duel-fuel tanker M/T Damia Desgagnés, a brand new vessel recently built in Turkey. A next generation and state-of-the-art asphalt-bitumen-chemical tanker, she is the first of a series of four oil carriers, custom-built according to an original concept developed by Desgagnés and ordered at the Besiktas shipyard located in Yalova near Istanbul, Turkey. The Damia Desgagnés is the first dual-fuel powered Canadian-flagged tanker and the first-ever asphalt carrier of this type. Double-hulled, she is equipped with a Wärtsila 5RT-flex 50DF engine developing a power output of 5,450 kW. The ship can be powered by any of three types of fuel, namely heavy fuel oil, marine diesel oil or liquefied natural gas (LNG).
ABS Published FSRU Development Guidance
ABS has published the ABS Guide for Building and Classing LNG Regasification Vessels, outlining guidance for classing LNG regasification vessels. “ABS has developed this industry-leading guidance based on extensive experience with the classification of LNG carriers,” says ABS Chairman, President and CEO Christopher J. Wiernicki. Floating LNG regasification uses specialized ships, commonly referred to as LNG regasification vessels or Floating Storage and Regasification Units (FSRU), which offer a flexible and efficient way to deliver LNG to new and expanding markets. This Guide covers both purpose-built LNG regasification vessels and existing LNG carriers that are converted to operate with regasification plants onboard.
Safety Insight on Offshore Wind Industry
New safety analysis can be used to harmonize safety on board offshore vessels carrying wind turbine technicians. The Danish Maritime Authority is striving to make the International Maritime Organization (IMO) develop international standards. The Danish Maritime Authority has hosted two workshops with experts from the offshore wind industry at which a safety analysis was made for vessels carrying wind turbine technicians – now, this has resulted in a report. The normal operations…
Offshore Supply Vessel Market to Grow 6% by 2021
The global offshore supply vessel market is forecasted to grow at a CAGR of 6.03 percent during 2016 – 2021, according to Azoth Analytics research report. The growth in offshore supply vessels is expectect to be driven by rise in demand for oil and gas globally, increase in offshore drilling activities and growth in production and exploration activities. Moreover, companies operating in this market are focusing on investments in R&D for continuous innovation and strengthening their positions in the market by targeted acquisitions and product expansions.
New LNG Tanker Forges Path for Arctic Shipping
An ice-breaking tanker docked for the first time at Russia's Arctic port of Sabetta to test a new route that could open the ice-bound Arctic Ocean to ships carrying oil and liquefied gas. The route is eagerly anticipated by energy firms that want to develop resources in the Arctic but face obstacles in getting oil and gas from remote and freezing fields to world markets. Environmental activists fear commercial shipping in the Arctic -- now possible because climate change has thinned…
USCG Recognizes T&T Marine Salvage’s Capabilities
T&T Marine Salvage, a member company of the Teichman Group, founded in 1957, received a new certification by the U.S. Coast Guard to detect and recover non-floating oils. T&T is the first Coast Guard recognized Salvage and Marine Firefighting service provider to receive this new Oil Spill Removal Organization classification initiated by the U.S. Coast Guard in 2016. This new certification is in recognition of T&T’s years of experience conducting non-floating oil detection and recovery operations and their expansive inventory of hydrographic…
New Drill Ship Equipped with AHC Drilling Platform
Newly launched multipurpose drill ship FREJA integrates a high-performance active heave compensated drilling platform manufactured by MacArtney. The drilling setup on board the vessel has been designed to provide enhanced drilling conditions even in rough seas. A customized, motion-compensated working platform of 10 times seven meters is situated amidships. This means that the working deck remains stationary while the vessel follows the movements of the waves. The platform design includes a roll function compensating for the vessel rolls by +/- 7 degrees.
Russia Ramping Up Arctic LNG Production
Russia may produce more than 70 million tonnes of liquefied natural gas (LNG) per year in its remote Arctic regions, the head of gas producer Novatek said on Wednesday. "The Gydan and Yamal peninsulas have a vast resource base that allows the production of over 70 million tonnes (of LNG); it is comparable to LNG production in Qatar", Leonid Mikhelson, the head and co-owner of Novatek told a conference. Novatek, which was put on the list of Russian companies sanctioned by the West over Moscow's role in the Ukraine crisis…
Japan Eyes LNG Projects in Russian Arctic
Russian Energy Minister said on Wednesday Japan was interested in taking part in projects to produce liquefied natural gas in the Arctic. "Japan today shows its interest in increasing cooperation in the Arctic, including construction of a plant to produce liquefied natural gas," Novak said in comments shown on Rossiya-24 TV station. He didn't specify what was the project that Japan was interested in. Russian largest non-state gas producer Novatek said earlier it planned to build new facilities to produce LNG in the Arctic. (Reporting Vladimir Soldatkin)
First Icebreaking LNG Carrier Ready for Service
The world’s first icebreaking liquefied natural gas (LNG) carrier, Christophe de Margerie, has berthed at the gas terminal at Sabetta Port in Russia, becoming the first vessel to do so. Built by Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) in South Korea, the tanker was designed to order for SCF Group, specifically to serve Russia’s Yamal LNG project, and transport LNG year round in the difficult ice conditions of the Ob Bay and Kara Sea. On March 30 the vessel’s master…
Ocean RIG Files for Bankruptcy Protection in US
Rig contractor Ocean RIG UDW Inc filed for Chapter 15 bankruptcy protection in a U.S. court amid a deep and prolonged downturn in the industry. Shares of the company plunged 36.4 percent to 46 cents in early trading on Tuesday. The Cyprus-based company, which had $3.25 billion in debt as of Dec. 31, filed for bankruptcy in the United States Bankruptcy Court for Southern District of New York on Monday. Under U.S. bankruptcy laws, Chapter 15 grants a foreign company protection from creditors looking to seize its assets in the country.
C-Job to Provide Basic Design for DEME’s Orion
Having recently supplied the concept design for DEME Group’s new offshore installation vessel Orion, C-Job Naval Architects said it will now provide COSCO OFFSHORE CO. Ltd (Qidong) with the vessel’s basic design package. Orion will be built at COSCO SHIPPING HEAVY INDUSTRY in China for delivery in 2019. The technical specs of the vessel, to be operated by DEME subsidiary GeoSea, will service offshore wind installation, oil and gas and decommissioning activities. While working on this next phase of ship design…
60 Liebherr Ship Cranes for Yamalmax Newbuilds at DSME
Liebherr’s ship crane department has secured orders to equip 15 new vessels of the South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co., LTD (DSME) with one ship set of four units type CBW 2100 each. That means a summarized order volume of 60 Liebherr ship cranes. The 15 ordered and identical vessels are liquefied natural gas (LNG) carriers with a capacity of 172,600 cubic meters and a total length of 299 meters. They are specially designed and adapted for the extreme environmental conditions around the Russian peninsula Yamal.
New Fuel Regs Drive Scrubber Business
The Exhaust Gas Cleaning Systems Association and its members are preparing to meet higher demand for gas scrubbing systems to bring SOx emissions in line with the targets set by the IMO’s 2020 fuel sulfur content proposals. As previously reported by this correspondent in Maritime Reporter and Engineering News (December 2016 issue, page 24; January 2017 issue, page 28), the IMO has come in for some severe criticism over its proposals to introduce a global marine fuels sulfur content cap of 0.5 percent (mass/mass) by the year 2020.
DSC Completes Series of Works on Jan de Nul Group Vessels
Damen Shiprepair & Conversion (DSC) has recently completed works in Vlissingen and Brest on two major vessels in the fleet of dredging and marine construction specialist Jan de Nul Group. One of these is the Vole au vent, a 140-meter jack-up vessel built specifically for the installation of the latest generation of offshore wind turbines. The other is the trailing suction hopper dredger Leiv Eiriksson. Both vessels are among the largest in their classes, anywhere in the world.
ABS Leads Industry Discussion on 2020 Sulfur Cap Impact Scenarios
ABS, a provider of classification and technical services to the marine and offshore industries, held its annual National and Regional Committee meetings in London, Copenhagen and Hamburg in mid-March. “Our committee meetings provide a platform for transparent, robust and engaging conversation with industry,” says ABS Chairman, President and CEO Christopher J. Wiernicki. The committee meetings provide a forum for ABS Members, including owners, operators, charterers, and industry representatives from flag administrations…
ABB to Power and Remotely Monitor LNG FSRU Vessel
ABB will supply the power and electric propulsion system to a new Floating Storage and Regasification Unit (FSRU) for BW Group, which will also be remotely connected to ABB’s Collaborative Operations Centers. The equipment onboard will provide data to the shore-side Centers allowing ABB and the vessel owner to take a proactive approach to maintenance throughout the lifetime of the vessel. “The modern power system must be both efficient and connected,” said Juha Koskela, Managing Director of ABB’s marine and ports business.
Thailand Boosts LNG Imports
Thailand is signing new contracts for LNG purchases and expanding terminals to boost imports to replace flagging domestic production, Bloomberg reported. Southeast Asia’s second-largest economy will boost LNG imports by more than 70 percent this year. The report said that the country is doing everything it can to facilitate increased LNG imports to replace the declining domestic production. These include expanding the existing terminals. Producers of the fuel are expected to expand…
Gazprom to Cement LNG Ties with Kuwait
Russia-based energy company Gazprom has negotiated about supplies of liquefied natural gas (LNG) to Kuwait, reports Tass. The talks continue in "a rather progressive mood,"during the the Energy Minister Alexander Novak’s visit to the Middle East country, the report said. However, it is too early yet to speak about finalizing them. Though Kuwait is satisfied with LNG supplies from Qatar, the parties continued the discussion on a long-term contract. Kuwait is building a new LNG terminal, which should be ready by 2020.
Hapag-Lloyd: Positive Operating Result in a Challenging Environment
Hapag-Lloyd AG remains bullish on the substantial earnings contribution from synergies from CSAV acquisition and OCTAVE cost-cutting programme alongwith further synergies expected due to the merger with UASC. Hapag-Lloyd closed the 2016 financial year with EBITDA of EUR 607.4 million (previous year: EUR 831.0 million) and an operating result (EBIT) of EUR 126.4 million (previous year: EUR 366.4 million). These figures are taken from the 2016 annual report, which was published today. The Group net result came in at EUR -93.1 million (previous year: EUR 113.9 million).
Norway's Solstad Offshore, Farstad Shipping and Deep Sea Supply Agree Merger
Norwegian OSV companies Solstad Offshore, Farstad Shipping and Deep Sea Supply have signed off on merger plans first announced on February 6, 2017. The statutory merger plans have been approved and signed by the boards of Solstad, Farstad, DESSC and Solstad’s relevant subsidiaries, into which Farstad and DESSC will be merged. Deep Sea Supply and Farstad Shipping will merge into and be established as individual subsidiaries under Solstad Offshore, with shareholders of Deep Sea Supply and Farstad Shipping receiving shares in Solstad Offshore as consideration.
Asian Spot LNG Prices Slip on Weak Demand
Asian spot LNG prices fell this week on poor demand from major gas-consuming regions despite a slew of new purchase tenders. The May spot LNG contract fell by $0.25 cents to $5.40 per million British thermal units (mmBtu), with new production coming on stream in Australia and the United States. Analysts and traders mainly blamed low demand for driving prices lower. In the Middle East, Abu Dhabi was staying on the sidelines of the market and new solar power capacity in Dubai was eroding gas demand there.
BP Awards Gulf of Mexico Work to Subsea 7
Subsea 7 said it was awarded a contract by BP as part of the deepwater Mad Dog 2 development, located approximately 190 miles south of New Orleans. The contract scope covers engineering, procurement, construction and installation (EPCI) of the subsea umbilicals, risers and flowlines (SURF) and associated subsea architecture. Subsea 7 has worked closely with BP to deliver a lump sum integrated solution from design through to supply, installation and commissioning. Furthermore, by collaborating with OneSubsea, a Schlumberger company, our Subsea Integration Alliance partner that has been awarded the Subsea Production Systems (SPS) contract, additional areas of cost improvement have been identified to provide greater cost certainty and reduced risk.
SOV Bibby WaveMaster 1 Launched
The service operations vessel (SOV) Bibby WaveMaster 1 was officially launched at Damen Shipyards Galati in Romania on March 24. When completed, Bibby Marine Services Limited, part of Bibby Line Group, will deploy the vessel to support forthcoming offshore wind construction and O&M projects in the North Sea. Stephen Blaikie, Chief Executive Officer, Bibby Marine Services Ltd, said, “This is an important key milestone in the delivery of the vessel. Peter Robert, Director Business Development & Market Intelligence at Damen…
Statoil Wins Licences Off UK, 'Resets' Exploration Off U.S.
Norway's Statoil was the second top bidder for 13 oil exploration leases in the U.S. Gulf of Mexico and won six licences offshore Britain, it said on Thursday, in a sign it may be looking to boost reserves after slashing costs. Statoil bid a total of $44.5 million for 13 licences in the U.S. Gulf of Mexico, coming second only to Shell and ahead of Hess Corp, Chevron and Exxon, the latest auction results showed. The company said in a separate statement it had won five new operated licences in the northern North Sea and one in the frontier area west of Scotland, committing to drill at least three wells. Statoil said its bids for licences in the U.S.
Deck Carrier BigRoll Beaufort Delivered
The heavy marine transportation provider BigRoll Shipping has reached a milestone. The fourth and final MC Class vessel for BigRoll shipping was handed over by Cosco Dalian Shipyard Co. Ltd to new owner BigRoll Shipping in Leiden, the Netherlands. BigRoll Beaufort completes this unique series of four identical deck carriers. The Finnish Swedish 1A Ice Class MC-Class vessels are explicitly designed for the marine transportation of major modules and equipment for large energy projects both on and offshore and can deliver in the most remote and inaccessible areas on the planet.
Nakilat Transitions LNG Mesaimeer to In-house Management
Nakilat has assumed full ship management and operations of Q-Flex LNG carrier Mesaimeer from STASCo (Shell Trading and Shipping Company Ltd.) with effect from March 23, 2017, as part of the planned and phased transition announced on October 19, 2016. With a cargo carrying capacity of 216,312 cubic meters, Mesaimeer is wholly-owned by Nakilat and chartered by Qatargas. The vessel built in South Korea by Hyundai Heavy Industries was delivered in March 2009 and has been in service ever since.
Top LNG Buyers Form Alliance to Push for Flexible Contracts
The world's biggest liquefied natural gas (LNG) buyers are clubbing together to secure more flexible supply contracts in a move that further shifts power to buyers rather than producers. Japan, China and South Korea are the world's biggest LNG importers, accounting for about 55 percent of global purchases, according to data from energy consultancy Wood Mackenzie. The countries' biggest respective buyers are joining together to extract concessions from producers that would give them supply flexibility such as having the right to re-sell imports to third parties…
CNOOC Reports Worst Result Since At Least 2011
China's offshore oil and gas producer CNOOC Ltd reported its worst annual result since at least 2011, with revenue from its core oil and gas business tumbling 17 percent last year, but it expects to raise output 2017 as oil prices rebound. CNOOC reported a net profit of 637 million yuan ($92.5 million) in 2016, down nearly 97 percent from 20.2 billion yuan in profit in 2015. Total revenue from oil and gas fell to 121 billion yuan from 147 billion yuan in 2015. "CNOOC managed to eke out a tiny profit thanks to cost efficiencies and the oil price rebound during 4Q…
Maersk Reaches Key North Sea Tax Deal with Denmark
Shipping and oil company A. P. Moller-Maersk on Wednesday reached an agreement with the Danish state that means it will pay less tax on its North Sea oil and gas activities through 2025. The deal, which has been under negotiation for months, makes it viable to redevelop the Tyra field through which 90 percent of Denmark's gas production is processed, and it is seen as crucial for the Danish company that is seeking to spin off its energy assets via a listing or merger. Maersk and its partners in the Danish Underground Consortium (DUC) -- Shell…
OSV Crewman Medevaced off Texas
An ailing crew member aboard an offshore supply vessel (OSV) was medevaced 14 miles off the Texas Point Wildlife Refuge, Wednesday morning. At approximately 7:45 a.m., U.S. Coast Guard watchstanders received a report from the 120-foot vessel, Poppa John, stating a crewmember fell and broke a leg and an arm and was experiencing extreme pain. Watchstanders launched a 45-foot response boat crew with an EMT aboard to meet the vessel as it got closer to shore. Once the man was transferred to the response boat, he was taken to Station Sabine where EMS was waiting. He was reported in stable condition.
Danish Finance Minister to Report on North Sea Oil Negotiations with Maersk
Denmark's finance minister Kristian Jensen will hold a news conference about the government's ongoing negotiations with the Danish Underground Consortium (DUC) about a new tax agreement for North Sea oil and gas operations at 1745 CET on Wednesday, the finance ministry said in a statement. DUC consists of Danish shipping and oil conglomerate A. P. Moller-Maersk, Shell, Chevron CVX.N and state-owned Nordsofonden. The deal is seen as crucial for Maersk as it seeks to focus its operations on the North Sea and spin off its energy assets via a listing or merger. (Reporting by Teis Jensen; Editing by Toby Chopra)
ICE to Offer First US Gulf Coast LNG Futures Contract
With the United States about to become a net exporter of natural gas for the first time in 60 years, Intercontinental Exchange Inc said on Wednesday it would begin trading the first-ever U.S. liquefied natural gas futures contract in May. ICE said the contracts would be cash-settled against the Platts LNG Gulf Coast Marker price assessment and use Platts-derived U.S. GCM LNG forward curves for daily settlement purposes. The curves will have an initial term of 48 months. "Domestic and international market participants now have a risk-management solution that lays the foundation for a more effective means of hedging their spot and forward exposure," J.C. Kneale, ICE's vice president, North American power and natural gas markets, said in a statement. U.S.
BV Acquires MAC
Bureau Veritas (BV) acquired Maritime Assurance & Consulting (MAC). Based in Aberdeen, MAC was established in 2010 and now has 30 employees as well as more than 40 associates. This transaction is in line with BV’s recent developments in the North Sea offshore sector, where it has reaffirmed ambition to strengthen its local presence and increase its service provision capabilities for clients in spite of challenging market conditions. MAC’s capabilities will be a great enabler to further develop Maritime Assurance services for BV clients worldwide, in particular in the offshore sector. Commenting on the acquisition, Paul Shrieve, BV Regional CEO North Sea Offshore Operations, said: "We are delighted to welcome the MAC team to the BV family.
GTT to Equip Knutsen’s New LNG Carrier
GTT said it has received an order from Hyundai Heavy Industries to equip a new LNG carrier with its Mark III Flex containment system. Hyundai's shipyard based in Ulsan, South Korea will build the vessel of 180,000 m3 on behalf of the Norwegian shipping company NORSPAN LNG XI AS (Knutsen). Delivery is scheduled in 2019. Knutsen is a longstanding owner of LNG carriers equipped with membrane technology, with 10 vessels of this type. GTT records the first LNG carrier order of the year. With its Mark III Flex containment system, GTT said it provides efficient insulation solution able to reduce the daily guaranteed boil-off gas rate to 0.085 percent of tank volume. The Mark and NO ranges have been designed to meet all the transport and storage requirements of liquefied gases.
Jones Act LNG-powered ConRo Ship Launched
Crowley Maritime Corp.’s newest combination container/Roll on-Roll off (ConRo) ship has been launched at the VT Halter Marine shipyard in Pascagoula, Miss. for the Crowley’s service between Jacksonville, Fla., and San Juan, Puerto Rico. Named El Coquí after a beloved frog native to Puerto Rico, the ConRo is one of the world’s first to be powered by liquefied natural gas (LNG). The ship will now proceed through the final topside construction and testing phase before beginning service in the U.S. Jones Act trade during the second half of 2017.
Gail India Seeks First-half April LNG Cargo
Gail India launched a tender seeking a liquefied natural gas (LNG) cargo for delivery in the first-half of April, trade sources said. The tender, launched on Monday, follows two recent cargo purchases also for delivery in April. (Reporting by Oleg Vukmanovic, editing by Louise Heavens)
CFE Extends 2-Cargo LNG Tender Close by One Day
Mexico's state-run power utility CFE has extended the close of a buy tender seeking two liquefied natural gas (LNG) cargoes in April by one day to Wednesday, trade sources said. The deliveries are due to arrive at Mexico's Altamira terminal on the Atlantic coast. CFE just filled a separate tender for supply to the Manzanillo terminal on the Pacific, but it was not immediately clear which companies won that tender. (Reporting by Oleg Vukmanovic)
Market Volatility Affects Sovcomflot
Sovcomflot is one of the world’s leaders in energy shipping as well as in servicing offshore upstream oil and gas projects. It has reported lower time charter equivalent revenue (TCE) of USD 1,142.2 million (2015: USD 1,240.1 million), EBITDA of USD 706.5 million (2015: USD 780.1 million) and net profit of USD 206.8 million (2015: USD 354.5 million). Sergey Frank, President and CEO of Sovcomflot said: “Sovcomflot has delivered a solid set of results for 2016, despite market volatility in a year that has severely tested our industry.
OP/Ed: Obama’s Arctic Decision Undercut His Own Legacy
On December 20, 2016, in an 11th hour unilateral action designed to cement his environmental legacy, President Obama withdrew 3.8 million acres in the north and mid-Atlantic Ocean and 115 million acres in the U.S. Arctic Ocean (including the entire Chukchi Sea and a significant portion of the Beaufort Sea) from future oil and gas leasing. Unlike the five year moratoria announced by Canada, President Obama touted these closures as “permanent.” Not only does this short-sighted decision threaten the economic lifeline of Alaska, U.S. energy leadership and U.S.
First LNG-fueled Aframax Tankers Ordered
Hyundai Heavy Industries’ shipbuilding affiliate Hyundai Samho Heavy Industries (HSHI) said it recently won a $240 million order to build four 114,000 DWT Ice-Class IA aframax tankers from Sovcomflot, the Russia’s state-owned shipping company. The vessels are said to be the world’s first LNG-fueled aframax tankers, and will measure 250 meters in length, 44 meters in width and 21 meters in height. They are scheduled to be delivered from the third quarter of 2018 and to be chartered to Shell.
Ezra Holdings Files for Bankruptcy in US
Oilfield services firm Ezra Holdings of Singapore filed for U.S. Chapter 11 bankruptcy at the weekend, blaming a prolonged slump in the energy industry, Reuters reported. Ezra has been facing hostile actions from creditors at home and abroad as it struggles to recover from a slump in oil prices over the past three years. The company filed voluntary petitions for reorganization under Chapter 11 of the US Bankruptcy Code, according to a stock exchange filing on Sunday. Ezra will…