Offshore News

03 Apr 2020

PGS Cold Stacks Two Seismic Vessels in Response to Low Oil Price

For illustration: Ramform Hyperion vessel - Image by PGS

Norwegian offshore seismic surveyor PGS has said that the coronavirus pandemic and the disruption in the oil market present unprecedented challenges for the offshore services industry, including the marine seismic industry.PGS expects the low oil price will have a material adverse impact on demand for seismic services and activity levels.Brent crude futures fell 3.2%, or 97 cents, to $28.97 per barrel as of 0636 GMT, after having risen 21% on Thursday.While oil companies have recently canceled several seismic survey contracts…

02 Apr 2020

Oil Posts Biggest One-day Gain After Trump Touts Saudi-Russia Deal

© Pavel Ignatov / Adobe Stock

Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of producers to deal with the market turmoil.Trump said he had spoken to Saudi Crown Prince Mohammed bin Salman, and expects Saudi Arabia and Russia to cut oil output by as much as 10 million to 15 million barrels, as the two countries signaled willingness to make a deal.Trump did not specify barrels per day (bpd)…

02 Apr 2020

Offshore Technology Conference (OTC) 2020 Canceled

© Pavel Losevsky / Adobe Stock

The 2020 Offshore Technology Conference (OTC) has been canceled due to the coronavirus pandemic."While OTC’s purpose is to provide an opportunity for those in the offshore petroleum industry from around the world to meet and share knowledge, our first priority is to the health and safety of our attendees and exhibitors. Therefore, OTC has made the difficult decision to cancel this year’s conference," Stephen Graham, OTC Executive Director, wrote in a letter to exhibitors.The major offshore energy conference…

02 Apr 2020

Hornbeck Offshore to File Chapter 11

(Photo: Hornbeck Offshore Services)

U.S.-based offshore vessel owner Hornbeck Offshore Services announced it will file chapter 11 after defaulting on payment obligations.The New York-listed company said in an SEC filing that it has reached an agreement with lenders and holders of the company’s unsecured 5.875% and 5% senior notes pursuant to which the creditors have agreed to forbear, until April 20, from exercising certain of their rights and remedies with respect to certain defaults.Hornbeck said it is in the…

02 Apr 2020

Covid-19: Boskalis Stops Crew Changes, Cuts Spending

Boskalis heavy transportation vessel carrying an FPSO - Image Credit; Boskalis

Dutch offshore transportation and dredging giant Boskalis has halted crew changes and will slash spending this year due to the COVID-19 virus crisis, it said on Thursday.The company said that, while its workers work from home where possible, this is not an option for staff working on international projects and vessels."Therefore, as a consequence of global travel restrictions and to ensure the business continuity and health of our colleagues, the customary crew and project staff rotations have been suspended as of 16 March…

01 Apr 2020

Workers From a BP Gulf of Mexico Platform Test Positive for COVID-19

File photo. BP did not say which platform the COVID-19 cases were associated with or whether production was impacted. (Photo: BP)

Several workers on a BP Plc oil platform in the U.S. Gulf of Mexico have tested positive for coronavirus, the company said on Wednesday, a day after a worker at BP's operations in Alaska also tested positive.The cases are the first recorded among oil workers in the Gulf of Mexico and Alaska, and follow a positive test at an Equinor offshore project in the North Sea.A case of the coronavirus was also reported at BP's Whiting, Indiana refinery, according to local media reports.More than 850…

01 Apr 2020

Oil Storage at Sea Approaching Record Levels

© aerial-drone / Adobe Stock

Oil traders are storing as much as 80 million barrels of oil on tankers at sea, with further ships being sought as land storage sites fill up fast due to a global glut of stocks, shipping industry sources say.Traders rushed for storage after global oil demand collapsed by a third due to the coronavirus outbreak, and as top producers Saudi Arabia and Russia have refused to curb output so far, creating what is believed to be the biggest oil glut in history.The last time floating storage reached similar levels was in 2009…

01 Apr 2020

Siem Offshore Gets Breathing Room

Siem Symphony PSV - Credit: Harry Asbo - MarineTraffic

Norway-based offshore vessel owner Siem Offshore has received some breathing room after reaching an agreement with its banks.The company last week warned that the extreme fluctuations in the financial markets over the past weeks „have resulted in a further deterioration in the company's liquidity situation“ and that Siem Offshore was in discussions with its banks to seek to alleviate the situation.In a statement on Wednesday morning, Siem Offshore said that it had "with effect…

31 Mar 2020

Solstad Offshore, Creditors Agree on Draft Restructuring Plan

(Photo: Solstad Offshore)

Norway's offshore service vessels (OSVs) supplier Solstad Offshore and its creditors have agreed on a draft restructuring plan, which includes converting 10 billion crowns ($962.17 million) of debt into equity, the company said on Tuesday.The large majority of stakeholders, including secured lenders, leasing companies, industrial shareholders and key bondholders plan to sign a binding agreement by the end of April, the Oslo-listed firm added in a statement."We are entering a period…

31 Mar 2020

Huisman Crane for Penta-Ocean's Wind Turbine Installation Rig

Image Credit: PaxOcean

Dutch offshore equipment manufacturer Huisman has signed a contract with PaxOcean Engineering for the delivery of a 1,600mt Leg Encircling Crane. The crane will be installed on the new self-elevated platform (SEP) of Japanese company Penta-Ocean Construction, which ordered the unit from PaxOcean earlier this year.With this Huisman crane, the new jack-up unit will be capable to install 12 MW wind turbines and various foundations including monopiles. The jack-up rig will be built by PaxOcean Engineering in Batam, Indonesia.

31 Mar 2020

Abu Dhabi's Gulf Marine Services Reaches Debt Restructuring Deal

A GMS self-elevating rig - Image credit: GMS

Abu Dhabi-based Gulf Marine Services (GMS) said on Tuesday it had reached an agreement with its syndicate of banks to restructure its debt that will help it weather the coronavirus crisis.London-listed GMS provides support vessels for offshore oil and gas and other energy installations. It has been hurt by a downturn in the oil and gas services industry triggered by a prolonged slide in oil prices that has turned into a deep slump since the coronavirus crisis destroyed demand…

31 Mar 2020

ABS to Class Silver Eagle's New Jack-Ups

ABS, a classification services provider to the marine and offshore industries, will provide classification for a series of "highly innovative Self-Elevating Drilling Units (SEDU)" for Silver Eagle Global.Silver Eagle, of Manama, Bahrain, says the self-propelled design is capable of working at greater water depths and in harsh environments. According to Silver Eagle Global, the Silver Eagle SEDU 430WC-4 will have the industry’s largest deck area and deck load capacity, large accommodation…

30 Mar 2020

What Will COVID-19 Mean for US Offshore Wind?

© Bragapictures / Adobe Stock

What will COVID-19 mean for the offshore wind industry? An industry not yet spinning on its own.Epitomized by the roller coaster ride that defined the stock market over the last few weeks, unpredictability has emerged as one of the few certainties of the coronavirus disease 2019 (COVID-19) crisis. Every industry has seen the effects of the pandemic, from hospitality, to travel, and even to the renewable energy sector. Indeed, even though the US offshore wind industry is not yet fully established…

27 Mar 2020

MBARI Works at Unlocking Ocean Biology

MBARI researchers head out into Monterey Bay to deploy a long-range autonomous underwater vehicle (LR-AUV), an underwater robot that is programmed at the surface and then travels underwater for hundreds of miles, measuring water chemistry and collecting water samples as it goes.  Credit: Brian Kieft (c) 2015 MBARI

Greater understanding of what goes on in the ocean is starting to become a reality – thanks to growing use of unmanned surface and underwater vehicles and developments in biological sensing. Elaine Maslin takes a look at what a team at MBARI has been doing.Gathering biological data from the oceans remains a significant challenge for oceanographers. Now, an increasing range of unmanned vehicles that are able to work together is becoming available, as is an ability to collect biological data using them.It sounds straight forward…

27 Mar 2020

Sleipnir Completes Largest Ever LNG Bunkering

Sleipnir takes on the world's largest ever LNG bunkering (Photo: Heerema)

The world's most powerful semi-submersible crane vessel received the largest liquefied natural gas (LNG) bunkering ever completed.On Thursday, Titan LNG performed the bunkering of Heerema's Sleipnir, using the Coral Fraseri, Anthony Veder's LNG carrier in the Port of Rotterdam. The total quantity of LNG delivered was almost 3,300 metric tons, making this the largest LNG bunkering to have ever taken place. Sleipnir arrived at the Port of Rotterdam on Sunday, March 22, following a global campaign, and the LNG bunkering delivery took less then 24 hours to complete.

27 Mar 2020

Valaris to Lose $620,000 a Day Rig Deal with Total after BOP Drop off Angola

Valaris DS-8 (formerly known as Ensco DS-8) - Credit: Harvey Wilson - MarineTraffic

Valaris, the world's largest offshore drilling company by fleet size, is set to lose one of the most lucrative contracts in the offshore drilling industry today after it recently accidentally dropped a blowout preventer stack to seabed offshore Angola.The contract, at a day rate of $620,000 per day, is with the French oil major Total for the drillship Valaris DS-8. The Samsung GF12000 designed drilling rig has been drilling for Total since 2015.As previously reported, Valaris earlier in March said it had accidentally dropped Blowout Preventer Stack to the seafloor of Angola…

26 Mar 2020

Belov's New DSVs Commissioned

(Image: Robert Allan Ltd.)

Two new dive support vessels (DSV) operated by Belov Engenharia Ltda. have completed class commissioning and are currently performing client acceptance testing for Petrobras.Built at Belov's own fabrication facility in Salvador, the newbuilds Belov Amaralina and Belov Humaitá are of Robert Allan Ltd.'s RAlly 4000’s Class design, fitted with Dynamic Positioning System (DP2), four diesel generators, three water jet propulsors and triple bow thrusters for redundancy. The propulsion system is diesel-electric to improve efficiency when operating in lower power DP modes.

26 Mar 2020

Brent's Fall Creates Steepest Contango in 11 Years

Oil Tanker - Image by Gudellaphoto - AdobeStock

The discount on front-month Brent crude oil futures to later contracts increased to an 11 year high on Thursday, as the coronavirus pandemic continued to cause an unprecedented slump in global demand. The spread on the May to November contracts had widened to as much as minus $10.31 per barrel at 1004 GMT, a level not seen since January 2009. The so-called contango market structure implies traders expect oil prices to be higher in the future, in this case when the virus pandemic has hopefully passed, leading them to store crude onshore or in some cases at sea.

25 Mar 2020

Vroon: Suspension on Crew Changes Extended

Dutch shipping company Vroon is extending its recently imposed suspension of crew changes on its vessels, citing the impact of the coronavirus.In a public letter addressed to colleagues, friends, and families, Vroon CEO Herman Marks said: "Every day, the Corona (Covid-19) virus imposes new challenges on all of us at Vroon, but also on colleagues and families at home. We have seen the airline industry virtually cease operations worldwide. Restrictions in many ports and countries are making it difficult or even impossible to disembark or embark colleagues.""Consequently…

24 Mar 2020

Two Harvey Gulf Vessels Equipped with BWMS

(Photo: Evac Group)

Two platform supply vessels operated by US-based Harvey Gulf International are due to be equipped with Evac Evolution ballast water management systems (BWMS).The Harvey Spirit and Harvey Supplier (85.4 meters overall) will each be fitted with systems with the capacity to treat ballast water at the rate of 250 cubic meters per hour (m3/hr).“We have seen a steady rise in orders and enquiries since achieving U.S. Coast Guard Type Approval last year and there is every sign that this will continue as more operators approach their compliance deadlines…

23 Mar 2020

Gallery: Giant Crane Vessel Sleipnir 'Arrives Home'

Image Credit: Heerema Marine Contractors

Sleipnir, the world's largest semi-submersible crane vessel, has arrived in the Port of Rotterdam for the first time since its delivery from Singapore last year.Heerema Marine Contractors, the Netherlands-based offshore installation company, and the owner of the vessel has informed that vessel "arrived home" on Sunday, March 22,Heerema's newly upgraded tug Kolga joined Sleipnir at sea to guide the vessel into the Caland Canal. "[The vessels] arrived around 14.45, and in line with ongoing guidelines, we decided to greet the vessel and its crew from the sky rather than onshore.

20 Mar 2020

Valaris Gears up for Possible Debt Restructuring

© Lorraine / Adobe Stock

Offshore oil driller Valaris PLC is exploring debt restructuring options as it grapples with a rig accident and a broader collapse in energy prices, people familiar with the matter said on Friday.Valaris has tapped debt restructuring attorneys at law firm Kirkland & Ellis LLP for advice on ways to rework its roughly $6.5 billion debt pile, and is exploring enlisting a turnaround firm that specializes in urgently addressing stressed finances to bolster its roster of advisers, the…

20 Mar 2020

Saipem Inks Deal with Equinor on Floating Solar Farm Tech

© Tom Wang/AdobeStock

Italy's Saipem has reached an agreement with Norway's Equinor to develop technology to build floating solar power farms close to the coast, the energy contractor said.The agreement is between Saipem's high-value services unit Moss Maritime and the Norwegian energy firm."The agreement with Equinor goes in the direction taken by Saipem and Moss Maritime to develop new technologies related to clean energy," said Moss Maritime Chief Executive Ida Husem.Saipem, a market leader in subsea construction for the oil and gas industry…

20 Mar 2020

U.S. Clean Energy Sector Seeks Subsidies to Keep Projects Moving

© Federico Rostagno

Wind and solar energy companies on Thursday called on Congress to pass tax incentives that would help the sector avoid project delays and keep financing flowing amid a pandemic that has choked off supply chains and slowed construction.In a letter to House and Senate leadership, seven clean energy trade groups asked lawmakers to extend deadlines that would allow their projects to qualify for generous wind and solar federal tax credits despite delays caused by the spread of the coronavirus across the globe.The American Wind Energy Association…

19 Mar 2020

World's Largest Semi-Sub Crane Vessel to Arrive in Port of Rotterdam

Sleipnir - Image Credit: Heerema

Port of Rotterdam is set to welcome Heerema's Sleipnir, the world's largest semi-submersible crane vessel, which is set to arrive at the port on Saturday, March 21, where it will be made ready for a North Sea decommissioning project.Named after the Norse God Odin's eight-legged stallion, the vessel stands at 220 meters long, 102 meters wide, can accommodate 400 employees, and weighs 119,000 tons and is the first such unit powered by liquefied natural gas (LNG). The semi-submersible vessel has two cranes onboard, each capable of lifting 10,000 metric tons.

18 Mar 2020

Five PSV Charters for Solstad Offshore in UK

Platform Supply Vessel Sea Frost - Credit: Solstad Farstad

Norway-based offshore support vessel operator Solstad Offshore has secured contracts and extensions for five of its platform supply vessels in the UK Sector of the North Sea.The longest term charters of the five have been awarded to Solstad Offshore by its Equnior's UK subsidiary Equinor UK Limited. Equinor has extended contracts for the platform supply vessels Sea Frost and Normand Skipper."Both vessels have been supporting Equinor's operations since July 2017 and January 2019 respectively.

17 Mar 2020

Jumbo Sends Employees to Work from Home to Cut COVID-19 Risk

A Jumbo vessel - Credit: Jumbo

Jumbo, a Dutch heavy lift shipping and offshore transportation company, has said it will close it office locations and send office employees to work from home until further notice, to reduce the risk of coronavirus infection.The marine company said it was acting in response to the Dutch Government guidance to slow down and prevent the spread of COVID-19 (Coronavirus). It also said that its vessels would continue with their schedule."Our teams (sales, operations, purchasing etc.) can be reached as per usual, although there might be slight delays in response time in specific matters.

17 Mar 2020

Total Makes 'Encouraging' North Sea Discovery

Noble Sam Hartley jack-up - Credit: Noble Corporation

Total has made a hydrocarbon discovery at the Isabella exploration well in the UK Central North Sea, Neptune Energy, Total's partner in the project has informed.Neptune Energy has described Isabella as "an encouraging hydrocarbon discovery" which encountered hydrocarbons in Upper Jurassic and Triassic sandstone reservoirs, with 64 meters net pay encountered, consisting of lean gas and condensate and high-quality light oil."The results of the well will be analyzed to further evaluate the discovery, determine future appraisal activity and recoverable resources estimates.

16 Mar 2020

Deepwater Acreage to Attract Investments

Image: Norwegian Petroleum Directorate

Deepwater acreage will continue to attract significant company interest through 2020, said a report.According to GlobalData, a significant portion of the acreage available in Q1 2020 is located in either deep or ultra-deep water, up from the previous quarter.In Q1 2020, approximately 60% of the acreage available in licensing rounds either open or scheduled to close in the quarter is located in deep or ultra-deep water, revealed the report: ‘Q1 2020 Global Bid Round Outlook – Increase in Deepwater Acreage Offered in Q1 2020’.Toya Latham…

16 Mar 2020

TechnipFMC Shelves Spin-off Due to Market Turmoil

(Photo: TechnipFMC)

Franco-American oil services firm TechnipFMC Plc is putting on hold plans to split itself into two due to turbulence in financial markets linked to the coronavirus outbreak, it said on Sunday.The group, created three years ago via the merger of Technip and FMC, had been planning to separate its engineering and construction activities from its upstream oil services business in the first half of this year."Market conditions have changed materially due to the COVID-19 pandemic, the sharp decline in commodity prices, and the heightened volatility in global equity markets," TechnipFMC said in a sta

13 Mar 2020

Offshore Technology Conference (OTC) 2020 Postponed

© juanjo/AdobeStock

Offshore Technology Conference 2020, one of the world's largest conferences and exhibitions dedicated to the offshore energy industry, will be postponed this year due to the coronavirus outbreak.The OTC 2020 organizers said on Friday that the conference, originally scheduled for May 4-7, 2020, would be delayed.“The Offshore Technology Conference (OTC) recognizes the unprecedented global challenge associated with the current COVID-19 pandemic. The health and safety of our partners…

13 Mar 2020

Saipem Buys Solstad's Norce Endeavour Vessel

DLB Norce Endeavour - Credit: Solstad Offshore

Italian oilfield services company Saipem has agreed to buy Solstad Offshore's lay barge vessel DLN Norce Endeavour.Saipem had in December 2019, chartered the vessel from Solstad Offshore. The charter included an option for Saipem to acquire the vessel."Saipem has now decided to declare the purchase option for DLB Norce Endeavour. Delivery of the vessel to Saipem is scheduled to April 2020," Norway-based Solstad Offshore said Friday.Solstad did not disclose the sale price of the vessel.

13 Mar 2020

Chevron Wraps Sale of Malampaya Field Stake

U.S. oil major Chevron has completed the exit from the Shell-operated Malampaya gas project offshore the Philippines with the sale of its 45% non-operating interest in the field to Udenna Corporation. The sale deal was signed in October 2019.The Malampaya natural gas field lies about 50 miles (80 km) northwest of the Philippine island of Palawan. Net daily production during 2019 averaged 136 million cubic feet of natural gas and 3,000 barrels of condensate.Produced from fields at water depths of about 2…

13 Mar 2020

Japanese Wind Fans Bank Interest

Domestic and international lenders are vying for a slice of Japan’s nascent offshore wind power sector, which is expected to provide as much as ¥3trn (US$29bn) in project financing opportunities, albeit at very low margins.Akita Offshore Wind completed the nation’s first fundraising for a major offshore wind project last month, raising ¥80bn to build wind turbines near two ports in western Japan.Auctions for sites off Japan's shores are due to kick off in April, and lenders are…

12 Mar 2020

Tekmar to Protect France's first OWF

Tekmar Energy Limited

UK-based Tekmar Energy  has secured a contract award from French cable installation specialist Louis Dreyfus TravOcean, to supply TekLink cable protection systems (CPS) for the Saint-Nazaire offshore wind farm (OWF).According to the developer and manufacturer of sub-sea cable protection systems, the Parc du Banc de Guérande OWF (Saint-Nazaire) is a 480MW offshore wind farm set for construction on France’s Atlantic Coast and owned by EDF Renewables and Enbridge.Saint-Nazaire will be the first commercial-scale project installed in French waters and marks a significant milestone for the French of

12 Mar 2020

UK Limits Travel to Offshore Platforms

(Photo: BP)

Britain's oil and gas sector association OGUK on Thursday banned people from traveling to offshore installations such as platforms if they have traveled to certain countries affected by the coronavirus in the previous 14 days.The ban comes after Equinor reported the oil industry's first coronavirus infection on an offshore installation on Wednesday, highlighting the challenge in preventing contamination for thousands of workers living in the close quarters on rigs and platforms."Industry…

12 Mar 2020

Murphy Charters Pacific Drilling Drillship for Mexico Wells

Pacific Sharav - Image by V. TONIC -Marine Traffic

Deepwater drilling rig contractor Pacific Drilling has found more work for its Pacific Sharav drillship.The drilling company on Wednesday revealed that Murphy Oil had hired the drillship for work offshore Mexico. According to the fleet status report, Murphy has agreed to charter the unit for two firm wells and one optional well.The day rate for the 2014-built drillship has been set to $230,000, and the contract is expected to start in November and last until February 2021.Pacific…

10 Mar 2020

ERSG Names Japan Head

Image: ERSG

Renewables recruitment outfit ERSG has opened an office in Tokyo, Japan and has appointed Samuel Griffiths as country manager.Samuel has lived in Tokyo for 20 years and has been recruiting in the Japanese market for more than 15 years, he is therefore ideally placed to head up their Tokyo office. He will be supporting the business in the renewables and engineering sectors across the APAC region."The Tokyo office compliments ersg’s first move into Asia via Taipei, Taiwan last year…

10 Mar 2020

VDL Wins TenneT Gig

Image: VDL

European transmission system operator TenneT has awarded VDL Network Supplies a contract to support the construction of half of the wintrack pylons (high-voltage pylons) for a new 380 kV high-voltage connection from Borssele to Rilland.The new pylons, which are some 60 to 80 meters high, will be produced by VDL KTI in Mol (Belgium). The high-voltage pylons will be supplied between early 2021 and late 2022 and erected on the TenneT route between Borsele and Rilland in the province…

10 Mar 2020

ABB Power & Control for Japan's Wind Turbine Installation Vessel

Credit; ABB

ABB will equip Japan-built self-elevating wind turbine installation vessel with its power and control technologies.The company said Tuesday that the 28,000-GT jack-up unit on order from builder Japan Marine United Corp, and due for delivery to Shimizu Corp. in 2022, will feature ABB's closed ring configuration for the vessel’s dynamic positioning (DP) operations This will enable safe and predictable performance with high tolerance in the event of the power plant fault."Whether applied to newbuilds or retrofits…

09 Mar 2020

Solstad Lines Up Contract for Far Stream

Far Stream (Photo: Solstad Offshore)

Norwegian ship owner Solstad Offshore said it has secured work for its 2006-built anchor handling tug supply vessel (AHTS) Far Stream supporting a six-well drilling program for a major Malaysian operator.The 285-day contract is due to commence in March 2020 and includes an optioin to extend the charter for an another 60 days.

08 Mar 2020

Diverse Marine Wins CTV Gig from Turner Iceni

Image: Diverse Marine

Refit and repair provider Diverse Marine Ltd has signed a modification and upcycling contract with an offshore wind crew transfer vessel (CTV) service provider Turner Iceni Ltd. for the modification and upcycling of ‘Iceni Courage’ following a competitive tender process.According to the UK-based naval architect, the Iceni Courage is a 15m crew transfer vessel built in the yard back in 2009.The dynamic offshore wind sector has developed over the last decade with a requirement for larger…

05 Mar 2020

LR Appoints Papageorgiou as M&O President

Elina Papageorgiou (Photo: LR)

Lloyd’s Register (LR) has appointed Elina Papageorgiou as its new Marine and Offshore President for UK and Ireland, commencing on April 1, 2020.Papageorgiou has held a variety of roles across North and South Europe in sales, marketing and finance functions since joining LR in 2004. Most recently, she led LR’s Marine and Offshore sales teams in 11 different countries across South Europe.Papageorgiou graduated with a BSc in Economics from Brunel University and has an MBA from Imperial College London.

04 Mar 2020

Bernhard Schulte Offshore Names New SOV

Windea Jules Verne. photo by Bernhard Schulte Offshore.

The new service operation vessel (SOV) of Bernhard Schulte, designed and built by Ulstein, will carry the name 'Windea Jules Verne' and work for GE Renewable Energy at the Merkur offshore wind project soon.The vessel received its name after one of the world’s most popular adventure writers, who was born in Nantes, France, where GE’s Offshore Wind business is located.The SOV has been designed and built by Ulstein for Bernhard Schulte Offshore. GE contracted Bernhard Schulte in July 2018 to provide an SOV for the 396MW project in Germany…

04 Mar 2020

P&O Maritime Logistics Names Helweg CEO

Martin Helweg (Photo: P&O Maritime Logistics)

Marine solutions and logistics company P&O Maritime Logistics (POML) said it has appointed Martin Helweg as its new Chief Executive Officer. He will report to Mike Bhaskaran, DP World’s Chief Operating Officer for Logistics and Technology.For the past three years, Helweg has been responsible for P&O Maritime Logistics’ global operations. Earlier, Martin spent over 15 years in marine service solutions working for Svitzer, an A.P. Moller-Maersk Company in regional CFO and CEO roles across the Americas…

03 Mar 2020

PaxOcean to Build Jack-up for Japanese Firm

Photo: PaxOcean

PaxOcean, Singapore-based builder focused on offshore rigs, semi-submersibles and specialized offshore vessels, has signed a contract with Japanese general contractor Penta-Ocean Construction to construct a self-elevating platform (SEP) for use in the offshore wind sector in Japan.Scheduled for completion in Q3 2022, the SEP is of a GustoMSC design, equipped with four tubular legs and four azimuth thrusters.According to a press release from the subsidiary of Kuok Singapore Limited…

03 Mar 2020

NJ Unveils Offshore Wind Solicitation Schedule

Governor Phil Murphy. Photo: © State of New Jersey

New Jersey Governor Phil Murphy has unveiled the offshore wind solicitation schedule to meet the state’s 7,500 MW offshore wind goal by 2035 and called upon the New Jersey Board of Public Utilities to take all necessary actions to implement the schedule.The proposed schedule calls for the next 1,200 MW solicitation to be opened by September 2020, with an award made by second quarter of 2021.Setting a solicitation schedule through 2035 provides a crucial level of certainty for developers…

03 Mar 2020

MHI Vestas Wins First OWF Order in Japan

Image: MHI Vestas

MHI Vestas Offshore Wind has signed a firm order with Akita Offshore Wind Corporation (AOW) to supply turbines for the Akita Noshiro Offshore Wind Farm (OWF) Project. This is the first firm order in Japan for the Danish wind turbines manufacturer."In a sector first for a utility-scale project in Japan, MHI Vestas Offshore Wind has completed firm and unconditional orders to supply turbines for the Akita and Noshiro offshore wind farms, jointly referred to as the Akita Noshiro Offshore Wind Farm Project…

02 Mar 2020

Jumbo Scores DEME Offshore Wind Contract

Jumbo Kinetic (Photo: Jumbo)

Jumbo has been awarded a contract to support DEME Offshore in its scope of work on Ørsted’s Hornsea Two offshore wind farm. Jumbo’s scope of work in the project is the provision of transportation for 165 monopiles from Rostock to Eemshaven and 135 transition pieces from Aalborg to Eemshaven with a K3000 class vessel.In addition to shipping the monopiles and transition pieces, the project will see Jumbo undertake the project management for the transport scope, including the engineering…

02 Mar 2020

Drillship to Be Converted for Subsea Mining

(Photo: Allseas)

Swiss-based offshore contractor Allseas said it has acquired an ultra-deepwater drillship for conversion to a polymetallic nodule collection vessel.In partnership with deep sea mining company DeepGreen Metals Inc., Allseas is developing a deep-sea mineral collection system to recover polymetallic nodules from the ocean floor and transfer them to the surface for transportation to shore. The nodules contain high grades of nickel, manganese, copper and cobalt—key metals required…

02 Mar 2020

Tanker Owner to Stop Shipping Rosneft's Venezuelan Oil

© alexlmx / Adobe Stock

Mercantile & Maritime said on Monday it would terminate its shipments of Venezuelan oil for Rosneft after the United States imposed sanctions on the Russian oil firm's Swiss trading unit.Washington imposed sanctions in February on Rosneft's Geneva-based unit Rosneft Trading (RTSA), accusing it of providing a financial lifeline to Venezuelan President Nicolas Maduro's government.Last month when the sanctions were announced, the company issued a statement calling the actions  against Rosneft’s subsidiary RTSA and its Chairman "illegal…

01 Mar 2020

Greek Forges Floating Alliance

Image: Chalkis Shipyards

The provider of ship drydocking, repair and refit services in Greece Chalkis Shipyards S.A. has formed a collaboration with National Technical University of Athens (NTUA), the Hellenic Center for Marine Research (HCMR).The “WIndfloat.gr – Innovative Design of Floating Wind Plants for the Greek Seas” project seeks to exploit the wind potential of the Greek seas.WIndfloat.Gr seeks to exploit the wind potential of the Greek seas with the objective of significantly increasing the penetration of Renewable Energy Sources in Energy Production…

01 Mar 2020

OHT Launches Alfa Lift

Image: Offshore Heavy Transport

Offshore Heavy Transport’s (OHT) new semi-submersible wind farm foundation installation vessel Alfa Lift reached yet another step forward towards delivery, with its first launching last week.The hull was launched into the water for the first time, in order to be shifted to new location where final assembly will take place.With proper planning and joint efforts this milestone has not been affected by the novel coronavirus outbreak as OHT and China Merchants Heavy Industry (CMHI) yard staff have resumed work on site.Alfa Lift…

01 Mar 2020

Giant Scottish OWF Wraps-up Piling Work

Image: DEME Group

The giant offshore wind farm (OWF) project in the Moray Firth, off Scotland has finished pin piling work for 100 turbines and three substations at the site.The 950MW Moray East offshore wind development confirmed it has installed 309 pin piles using the jack-up installation Apollo vessel which worked out of Cromarty Firth Ports Authority’s onshore handling facilities at Invergordon.Work to install the pin piles in the sea-bed commenced in May 2019, it noted in a press release.Project Director for Moray East…

01 Mar 2020

Poland Preps Wind Energy Agreement

Image: Polish Wind Energy Association

The Polish Wind Energy Association (PWEA) and the Polish Offshore Wind Energy Society (PTMEW) have announced plans to form a cooperation agreement for offshore wind energy in Poland modeled on the UK's Offshore Wind Sector Deal concluded in March 2019.The bodies together with their Members established cooperation in order to elaborate multilateral 'Declaration of Cooperation for Polish Offshore Wind Energy Sector Development' to be signed by three parties: government/administration…

27 Feb 2020

BP Extends Vroon ERRVs Contract

Image: VOS

Maritime offshore-services supplier Vroon Offshore Services (VOS) Ltd has secured a three-year contract extension with BP, worth around £30million.VOS, one of the largest providers of emergency response and rescue vessels (ERRV) in the North Sea, will continue its exclusive provision of four vessels to support BP’s North Sea and West of Shetland assets until 2023.The Dutch-owned company said that the extension was secured for the VOS Discovery, VOS Fairness, VOS Innovator, and…

26 Feb 2020

Keppel Breaks FPSO Conversion Record

FPSO Abigail-Joseph - According to Keppel this was the world’s fastest brownfield FPSO modification and upgrading project - Credit:Keppel

Singapore's offshore facilities builder Keppel has said it has delivered "the world’s fastest brownfield Floating Production Storage and Offloading vessel (FPSO) modification and upgrading project."Named FPSO Abigail-Joseph, the vessel was delivered to Malaysia's Yinson Holdings. According to Keppel, it took it seven months to complete the project.Chris Ong, CEO of Keppel O&M said, "This is our 134th floating production vessel, and we are pleased to be able to fast-track the project and upgrade it in under seven months.

25 Feb 2020

WFO Launches Floating Offshore Wind Committee

Image: Ideol

Global industry advocacy group World Forum Offshore Wind (WFO) has created a new working group - the Floating Offshore Wind Committee (FOWC) - to promote the acceleration of commercial-scale floating offshore wind.FOWC will tackle areas from policy-making through health and safety to maritime spatial planning.According to WFO, the new initiative aims outperforming the installed capacity and cost competitiveness seen with bottom-fixed offshore wind today. The principal objectives of the committee are education…

25 Feb 2020

Fussey Engineering Backs Hornsea 2

Image:  Ørsted

Siemens Energy has selected UK-based Fussey Engineering to supply and install steel framework and cladding at the National Grid 400kV substation site adjacent to the Hornsea Two offshore wind project.The steelworks, which will involve the construction of an annex building adjoining the National Grid substation, includes around 30 tonnes of locally sourced steel.With headquarters located less than a mile away from the new onshore substation in Lincolnshire, Fussey Engineering have worked all over the country…

25 Feb 2020

Fred. Olsen to Install TWB II Turbines

Image: Fred. Olsen Windcarrier

Offshore wind farm vessels provider Fred. Olsen Windcarrier announced that its jack-up vessel Blue Tern has been contracted to finish installing the remaining 11 Senvion 6.2M152 turbines on the Trianel Windpark Borkum II (TWB II).“We are looking forward to working with our new client and to get the chance to support the finalization of the Trianel wind farm with our jack-up vessel Blue Tern. Blue Tern is ideal for this project due to her capacity”, said Kristina Pind Løvgren, Head of Nautical, Fred.

25 Feb 2020

Orsted Inks Taichung Lease for OWF

Image: Ørsted

Orsted Taiwan Ltd announced that it has signed a 20-year wharf lease with Taiwan International Ports Corp (TIPC) for the development of its offshore wind farms (OWF) off Changhua County.The global offshore wind leader announced the signing of a wharf lease and a 20-year operations and maintenance (O&M) lease with the Port of Taichung, managed by Taiwan International Ports Corporation (TIPC) and TIPC Marine Construction, respectively.The Ørsted leased wharfs at the Port of Taichung will be upgraded and utilized for the construction of the Greater Changhua offshore wind farms…

25 Feb 2020

Global Offshore Charters Normand Clipper

(Photo: Global Offshore)

Global Offshore, a provider of cable installation, repair and trenching services to the offshore renewables, utilities and oil and gas markets and part of the Global Marine Group, is adding offshore installation and construction vessel Normand Clipper to its fleet. The vessel, on long-term charter from Solstad Offshore, will be operational within the first quarter of this year.The charter gives Global Offshore options for up to eight years.The Normand Clipper is currently being fitted with a 4…

24 Feb 2020

Northland Expands Offshore Wind Pipeline in Asia

Image: Northland Power

Canadian power producer Northland Power will acquire Dado Ocean Wind Farm, a development company with multiple early-stage offshore wind development sites in South Korea.Dado Ocean is currently owned by Eui Jeong Hwang, a wind power developer who will continue to support the project as a local partner, working together with Northland to achieve key milestones for the project. The acquisition is expected to close in the coming weeks, subject to customary closing conditions.According to Northland, the acquisition builds on the company's presence in Asia and specifically in South Korea.

24 Feb 2020

Offshore Wind Turns Shipping to Green

Image: WindEurope

Offshore wind and the shipping sector can reinforce each other to reach the Green Deal targets, says WindEurope.The European Wind Energy Association said that wind energy currently makes up 15% of Europe’s energy mix. The majority of this is onshore. Offshore wind is just 2% at the moment. But it’s growing rapidly thanks to decreasing costs and improving technology."So offshore wind will be a major player in the future. But collaboration with the shipping sector will be key to delivering this," it said.Offshore wind is already an important part of the European shipping industry.

24 Feb 2020

Kinemagic's Stratus Speeds Up Digital Twin Creation

With Stratus, the XR platform from Kinemagic, metadata is imported from CAD designs into the virtual environment for quick reference and a deeper understanding of the design. - Credit:Kinemagic

Tech company Kinemagic, focused on developing augmented reality solutions for heavy industrial companies, has recently launched Stratus, a 3D VR/XR software solution that the company promises will shake up the digital twin industry. Stratus is an automated software program designed to save users’ time and money by identifying more design flaws before construction begins.According to Kinemagic, Stratus reveals the future of industrial design through VR ‘walkthroughs’ from the command center of the operator’s desk.

21 Feb 2020

Harvey Gulf Eyes International Markets

(Photo: Harvey Gulf)

Offshore marine transportation firm Harvey Gulf International Marine says it has been able to achieve success in the turbulent offshore market by constantly reinvented itself to fit the industry demands.Never afraid to shake things up, Harvey Gulf has maintained this mindset throughout its 70-year-history, says CEO Shane Guidry. “From a humble beginning of a three oyster fishing vessels used as supply vessels in 1949 to a larger fleet of offshore vessels that towed barges and drilling rigs to its modern day evolution of a fleet of offshore supply…

20 Feb 2020

Ofgem Selects Hornsea One OFTO

Image: Ørsted

UK energy regulator, the Office of Gas and Electricity Markets (Ofgem), has selected Diamond Transmission Partners as the preferred bidder for the offshore transmission of the 1200MW Hornsea Project One wind farm in the UK.Diamond Transmission Partners  is a consortium of Mitsubishi Corporation and Chubu Electric Power. Hornsea One is an offshore wind farm is in 120km off the Yorkshire Coast. The project was commissioned in January when it became the world’s largest offshore wind…

19 Feb 2020

First Subsea Guards NnG OWF

Image: First Subsea

First Subsea, part of the First Tech Group based in Aberdeen, has won the inter-array cables protection contract from DEME at the Neart na Gaoithe (NnG) offshore wind farm (OWF).The cable protection system will be designed to protect the cable during installation and during the operating lifespan of the wind farm.The windfarm has been developed by EDF Renewables and Irish electricity company ESB, which now has a 50% stake in the project.Neart na Gaoithe will consist of 54 turbines and will be located in the North Sea approximately, 15km off the coast of Fife in south-east Scotland.

19 Feb 2020

EDS Wraps Up Horns Rev 3 Work

Image: Vattenvall

UK high voltage engineering specialist EDS HV Group has completed consultancy work at Vattenfall's 407MW Horns Rev 3 (HR3) wind farm off Denmark.Vattenfall’s Horns Rev 3, located off the coast of Denmark, contains 49 8.3MW MHI Vestas turbines, with a total capacity of 406.7MW, enough to provide renewable energy to 425,000 Danish Homes, said a press release from EDS, part of James Fisher and Sons plc.Under the scope of work EDS provided pre-site engineering support, HV system reviews…

19 Feb 2020

Measuring the Hostile Ocean Beneath Hurricanes

Fig.1: A Slocum glider from Teledyne Webb Research, en route to deployment. Credit: Rutgers University.

Unmanned Vehicles Collect Data for Improving Storm ForecastsThe influences of ocean conditions and currents on living environments are now more widely appreciated—from the Earth’s climate and severe weather conditions to fisheries and biodiversity. Sustained and widespread measurements are needed to provide essential clues for understanding the oceans, for effective monitoring of environmental changes, and for helping to clarify the long-term effects of global warming.To meet this challenge, ocean researchers have invented various types of unmanned observing platforms.

18 Feb 2020

EU Clears OLT Takeover by SNAM and FSI

Image: OLT Offshore LNG Toscana

The European Commission has approved the acquisition of OLT Offshore LNG Toscana by SNAM and the UK’s First State Investments International (FSI), under the EU merger regulation.According to the Commission, OLT is active in the management of a floating storage and regasification unit for liquefied natural gas in Italy.SNAM is the holding company of the Snam group, which is active in the development and integrated management of gas infrastructures and, in particular, in the transmission…

18 Feb 2020

MHI Vestas Orders ABB Transformers

Image: ABB

MHI Vestas Offshore Wind, the global wind turbine manufacturer, has selected ABB’s Power Grids business to deliver its WindSTAR transformers for the Triton Knoll offshore wind project in the UK.ABB’s WindSTAR power transformers are designed to fit inside the wind turbine and can withstand strong vibrations, sudden movements and variable electrical loading, typical of wind power. This lightweight transformer is energy efficient and made with biodegradable and safe ester insulation…

17 Feb 2020

Sembcorp in Offshore R&D Pact with A*Star

From left to right: Sembcorp Marine President & CEO Mr Wong Weng Sun; Sembcorp Marine Head of R&D Mr Simon Kuik; Professor Tan Sze Wee, Assistant Chief Executive, Science and Engineering Research Council, A*STAR; and Mr Frederick Chew, CEO, A*STAR

The global marine and offshore engineering group Sembcorp Marine and Singapore's Agency for Science, Technology and Research (A*Star) have agreed to deepen their research and development (R&D) collaboration for the offshore marine and clean energy sectors.By signing a master research collaboration agreement (MRCA) the two parties aim to “shorten the development cycle and time-to-market of new offshore, marine and clean energy solutions achieved through their research efforts”.Sembmarine and A*Star will set up Joint Lab@TBY…

17 Feb 2020

UPS Wins Northern Endeavour Contract

Image: Upstream PS

Upstream Production Solutions (UPS), Perth, a wholly owned subsidiary of GR Engineering Services Ltd, has agreed with the Australian Government to provide operations and maintenance services to the Northern Endeavour floating production, storage and off-take (FPSO) vessel.On 14 February 2020, the Department of Industry, Science, Energy and Resources of the Australian Government  announced that urgent steps were underway to secure the continued safety and security of the Northern…

17 Feb 2020

Vroon, Jisco Extend Nautical Aisya AWB Partnership

Nautical Aisya - Image by Vroon

JISCO Marine and Vroon Offshore Services Singapore have signed a two-year extension agreement for the management of the Accommodation Work Boat (AWB) Nautical Aisya. This renewal will extend the JISCO and VOS Singapore cooperation until at least the end of February 2022, Vroon said Monday.The extension follows a recent contract award to Jisco marine by Brunei Shell Petroleum (BSP) for AWB Nautical Aisya. The new charter started on February 1, 2020. The vessel, which has provided DP2 (Dynamic Positioning) role for BSP, will now widen its work scope to include helicopter operations, Vroon said.

16 Feb 2020

Chrysaor Backs Mocean Subsea

Image: Mocean Energy

Mocean Energy, global wave energy player, has teamed up with energy major Chrysaor, subsea energy storage experts EC-OG and AUV specialist Modus in a project to look at using renewables for subsea power.The project, funded by the partners together with the Oil and Gas Technology Centre (OGTC), will look to use Mocean Energy’s Blue Star wave energy converter and EC-OG’s HALO subsea energy storage system to power subsea tiebacks or residential AUVs.If industry feedback is positive…

13 Feb 2020

Siemens Hands Over BorWin3 to TenneT

Image: Siemens

The BorWin3 offshore wind grid connection project in the German North Sea has been handed over to the German/Dutch transmission grid operator TenneT, by contractors Siemens and Petrofac.The 900 MW project will convert three-phase electric power generated by the Hohe See and Albatros offshore wind farms into direct current and transmit it 160km back to shore to the German national grid.Siemens was responsible for the grid connection system including an onshore converter station.The grid connections HelWin1 and HelWin2…

13 Feb 2020

Port of Blyth Hails UK's Freeport Vision

Image: Port of Blyth

Port of Blyth, one of the UK’s leading offshore energy support hubs, and its partner, Energy Central, has supported the announcement from the UK Government of a 10-week consultation on its ‘freeports vision’.The Port of Blyth and businesses working on the estuary could benefit from the establishment of UK Freeports and recognizes the potential benefits of a free trade zone could bring to the region, particularly given the development of Energy Central in Blyth.Designed to create the perfect environment for inward investment from the offshore and renewable energy sector…

13 Feb 2020

PSA Marine Buys Peruvian Towage Co

Image: PSA Marine

Singapore towage and pilotage company PSA Marine has moved into the South American market with the acquisition of Tramarsa Flota, a Peruvian towage company.Tramarsa Flota and its subsidiaries have been acquired from Grupo Romero. Headquartered in Lima, Tramarsa Flota offers towage, pilotage, launch boat and offshore services in 10 major ports along the Peruvian coastline. It owns 45 vessels, including 17 tugs, 23 launches and five support vessels for diving activities and other marine services.The stock purchase agreement was signed in Lima…

13 Feb 2020

TenneT Intros 2GW Offshore Grid Plans

Image: TenneT

European transmission system operator TenneT has announced plans to build two 2 GW offshore grid connections in the IJmuiden Ver wind energy area, having entered into a so-called 'innovation partnership' with its suppliers.Given the combination of the large distance to the coast and the size of the IJmuiden Ver wind energy area, a 2 GW direct current (HVDC) solution, based on 525 kilovolts, appears to offer most economical  advantages. It requires only one cable system per 2 GW…

12 Feb 2020

Schlumberger Intros Egypt Upstream Gateway

Image: Schlumberger

The Egyptian Ministry of Petroleum and Schlumberger introduce the Egypt Upstream Gateway, a unique and innovative national project for digitizing subsurface information and delivering a digital subsurface platform to ensure Egypt's subsurface data is kept evergreen.The Egypt Upstream Gateway will also be a platform to promote Egypt's exploration and production potential worldwide.The Egypt Upstream Gateway will leverage the GAIA digital subsurface platform and provide additional…

12 Feb 2020

EDF Buys Stake in Irish Offshore Project

Image: EDF Renewables

French electricity giant Électricité de France (EDF) is moving into the Irish energy market.EDF Renewables, a subsidiary of the French energy utility, has acquired a 50% stake in the Codling offshore wind project from Hazel Shore, a company linked to the property developer, Johnny Ronan.EDF Renewables will develop and build the project alongside Fred Olsen Renewables, which owns the other 50% stake in 1100MW Codling Wind ParkIt is the first investment by the international energy player in the Republic.The Codling project is located south of Dublin…

11 Feb 2020

USA Ups BOEM Offshore Wind Budget

Image: BOEM

The Trump Administration has proposed a $189m fiscal year 2021 budget for the Bureau of Ocean Energy Management (BOEM), designating just under $27m for offshore wind.The FY 2021 budget includes approximately $26.5 million to advance offshore renewable energy development.In recognition of the role renewable energy can play in securing the Nation’s energy independence and supporting economic growth, BOEM continues to advance renewable energy through its leasing program and streamlining its permitting and National Environmental Policy Act (NEPA) processes.In addition…

11 Feb 2020

Upstream Sector Leads O&A M&A in 2019

Graph: GlobalData

A latest research revealed that the upstream sector accounted for the bulk of mergers and acquisitions (M&A) in the global oil and gas industry in 2019, generating some high-value transactions during the process.According to GlobalData's theme report, ‘M&A in Oil and Gas – 2020’, the acquisition of Anadarko Petroleum by Occidental Petroleum in April 2019 for a purchase consideration of US$57bn was the highlight of oil and gas M&A activity last year, says GlobalData, a leading data and analytics company.Ravindra Puranik…

11 Feb 2020

BS Offshore SOV Readies for Sea Trials

Photo: Marius Ertesvåg

A service operations vessel (SOV), owned and operated by Bernhard Schulte Offshore, is undergoing final tests at Ulstein Verft’s shipyard in Norway in preparation for sea trials."The Yard number 315 newbuild at Ulstein Verft, the Windea TBN for Bernhard Schulte, has been floated out from the outer dock and has now been positioned quayside. The vessel is now getting prepared for her first sea trial in early March," said a press release from the Norwegean shipbuilding company.Prior to the sea trial various tests will be carried out…

11 Feb 2020

Vineyard Wind to Miss Startup Target Over Permit Delay

(Photo: Heerema Marine Contractors)

Vineyard Wind, the developer of the first major U.S. offshore wind farm, said on Tuesday it will miss its target to start sending power to Massachusetts by 2022 due to lengthy federal permitting delays.The Bureau of Ocean Energy Management, part of the U.S. Department of Interior, posted a revised permitting timeline on its website on Tuesday that said it will issue a final decision on the project by Dec. 18, more than a year after its previous target of August 2019."While we need to analyze what a longer permitting timeline will mean for beginning construction…

11 Feb 2020

Offshore Wind: Half Empty or Half Full?

© faithie/AdobeStock

As a new decade starts, offshore wind development continues to progress. Actually, it’s probably more accurate to write that the development of the development of offshore wind (OFW) continues to, uh, well, develop.Apologies for that mild sarcasm. But even a quick look-back at OFW always raises the same familiar question: is the glass half empty or half full?Consider developments in the east coast leader in offshore wind: New York.In a webinar in December New York’s NYSERDA –…

10 Feb 2020

Iberdrola to Build its Next Wind Farm in Spain

Image: Iberdrola

Spanish electric utility company Iberdrola will build its next wind farm in the country at the Herrera Complex, featuring Siemens Gamesa’s SG 4.5-145 wind turbines with a 4.5MW power unit.Wind turbines which will be delivered by Siemens Gamesa are considered to be seven times more powerful than the turbines installed in the country two decades ago.Iberdrola is, thus, continuing to advance in its commitment to clean energy in Spain, incorporating cutting-edge technologies to provide more competitiveness and sustainability to its renewables projects…

10 Feb 2020

Harvey Gulf CEO to Remain Until 2027

Shane Guidry (Photo: Harvey Gulf)

New Orleans based offshore vessels company Harvey Gulf International Marine said it has signed an agreement with its CEO, Shane Guidry, to remain at Harvey until January 1, 2027.Guidry commented, “Over the past several years, Harvey Gulf has produced the highest EBITDA with the lowest cost of operations in the industry. We stand ready to merge with any other company that compliments what we do, thus delivering the best returns to the combined entity.”

09 Feb 2020

KSOE Wades into the Red

Image: Korea Shipbuilding & Offshore Engineering

South Korean manufacturer of oil tankers, cargo and passenger vessels, and warships, Korea Shipbuilding & Offshore Engineering (KSOE) reported its fourth-quarter net loss of 26.2 billion won (US$ 22.2 million), remaining in the red compared with a year ago.The KSOE is an intermediate holding firm controlling Hyundai Heavy Industries and two other Hyundai Heavy Industries Group shipbuilders.According to a regulatory filing, operating profit for the October-December period last year was 169.9 billion, compared with a loss of 246.4 billion won a year ago.

09 Feb 2020

Unique Group Acquires APAC Marine Unit

(L-R) Harry Gandhi and Mike Pugh. Photo: Unique Group

Integrated marine and subsea solutions provider Unique Group has announced the acquisition of the Australian-company Western Advance’s Marine Division.The provider of services and solutions for the offshore, subsea and life support industries also announced the appointment of Chris Forde as its new regional vice-president.Western Advance’s integration with Unique Group ties in with the Group’s strategy to enhance its portfolio of autonomous solutions for marine, offshore and subsea industry operations in the region.Harry Gandhi…

07 Feb 2020

Offshore Installation Ship Island Victory Delivered

Island Offshore took delivery of Island Victory, a new offshore installation vessel, at VARD Langsten today. Photo: Island Offshore/ Droneinfo

Island Offshore took delivery of Island Victory, a new offshore installation vessel, at VARD Langsten today (Friday, February 7, 2020).Upon delivery the vessel will head straight into operation, spending a couple of weeks in the spot market, before commencing a series of contracts – in the Barents Sea and the Gulf of Mexico – securing work for the vessel potentially throughout October this year.“We experience great interest for this vessel,” said Tommy Walaunet, Managing Director, Island Offshore Management AS. “Having jobs lined up in coming months, confirms this and is highly appreciated.

07 Feb 2020

Are OSVs Fit for Refit for Offshore Wind?

BEFORE: Island Clipper: Island Offshore of Ulsteinvik, Norway, has had success with conversions.  “before” and “after”.  Photos: Island Offshore

While it is generally agreed that the nascent offshore wind energy market in the U.S. will be a newbuild market, there is a repair and conversion possibility for some stacked OSVs.Though estimates on the pace of the offshore wind energy market in the U.S. vary widely, the direction is clear: offshore wind will be a huge marketplace for construction and support vessels to be deployed in U.S. waters over the next decade. The starting point for estimated vessel demand is the raft of projects along the U.S. East Coast, and to a lesser extent, in the Pacific waters, now in the pipeline.

07 Feb 2020

Havyard Outsources Platform Supplier Work to Kleven

Atlantic Harrier, Havyard 833 WE. Photo: Havyard

Norwegian offshore vessel builder Havyard will outsource the construction of the Atlantic Harrier platform supply vessel to its compatriot yard Kleven, as delays with other projects have put a strain on Havyard’s Leirvik facility.The platform supplier was first ordered by Fafnir Offshore in 2014, but Havyard in 2017 canceled the order as Fafnir was unable to secure a long-term charter or financing agreement.Havyard then last year won a contract to deliver the PSV to Canadian-based Atlantic Towing…

06 Feb 2020

TÜV SÜD, IX Wind Join Forces for Wind Power

Photo: IX Wind

The global testing, certification, inspection and training provider TÜV SÜD and Taiwan's IX Wind have signed a memorandum of understanding (MOU) to cooperate in various wind power industry services in Taiwan and Japan.Combining forces in the Taiwanese and Japanese wind power industry, makes it clear for insurance companies, banks and investors whom they can rely on. The two organizations effectively form a one stop shop for quality and safety.The collaboration between IX Wind…

06 Feb 2020

Petrobras Charters AET Shuttle Tanker Trio for $525.6M

Image source: AET

Tanker operator AET has won a long-term deal with the Brazilian oil company Petrobras for the charter of three shuttle tankers that will offload oil from Petrobras' offshore oil platforms and FPSOs.AET said Thursday the long-term charters would be for three Suezmax class Dynamic Positioning Shuttle Tankers (DPSTs).The company will own and operate the newbuilding Suezmax DP2 Shuttle Tankers for operations in Brazilian international waters. The estimated contract value is $525.6 million and the charter is expected to start in 2022.AET in December 2019…

05 Feb 2020

Vattenfall Steps Up Offshore Wind Market

CEO Magnus Hall and CFO Anna Borg. Photo: Vattenfall

Swedish multinational power company Vattenfall said that it had reached a number of important milestones during the year 2019. In Denmark the Horns Rev 3 (407 MW) wind farm was inaugurated, and construction was started on Kriegers Flak (605 MW), said European energy company."In the Netherlands we had the winning tender for Hollandse Kust Zuid 3&4 (~750 MW). We will develop and operate this project together with the first stage, Hollandse Kust Zuid 1&2, entirely without subsidies…

02 Feb 2020

Evergy to Add 660MW Wind Energy

Image: Evergy

US-based utility Evergy has announced plans to add 660MW of wind energy to its portfolio and reduce carbon emissions by 80% below 2005 levels by 2050. The addition will bring the total amount of wind serving Evergy customers to 4,535 megawatts, making Evergy one of the top five wind energy companies in the United States.The energy from these wind farms will be used to support and expand Evergy’s Direct Renewables Program, which allows Kansas companies to access clean wind energy to become more sustainable and reduce the overall cost of energy.

02 Feb 2020

Fugro, HC2 Divest Global Marine Group Stake

Image: Fugro

US-based financial services company HC2 Holdings and the Dutch multinational provider of geo-intelligence Fugro have sold offshore engineering specialist Global Marine Group (GMG) to private equity firm J.F. Lehman & Company for a sum of USD 250 million.HC2 holds 73% of Global Marine Group’s shares, while Fugro holds 23.6% of the shares. Through its ownership of 23.6% in GMG, Fugro will monetize the remainder of its non-core interest in GMG, which is expected to result in proceeds for Fugro of close to USD 40 million.Global Marine Group is made up of the three business units Global Marine…

02 Feb 2020

MOL in Restructuring Excercise

Image: MOL

Japanese shipping major Mitsui O.S.K. Lines (MOL) has unveiled a number of new restructuring measures effective April 1, 2020.According to a press release, the  marine transportation provider intends to establish three new divisions and integrate its two tanker divisions to achieve synergy.MOL will establish the Offshore Gas Project Division as an organization focused on businesses related to the LNG field in energy value chains (FSRU projects, LNG bunker vessel project, etc.) to accelerate the enhancement of the offshore business…

30 Jan 2020

Ørsted Eyes Carbon-Neutrality by 2025

Image: Ørsted

The global leader in offshore wind Ørsted A/S  will become carbon neutral by 2025. "This will make Ørsted the first major energy company to reach net-zero emissions in its energy generation - far ahead of science-based decarbonization targets for limiting global warming to 1.5°C," said the company.Additionally, Ørsted sets a target of achieving a carbon neutral footprint by 2040.During the last ten years, Ørsted has transformed from a company with fossil fuels at the core of its business to a pure-play renewables company.

29 Jan 2020

Virginia Port Signs Pact with Ørsted

Photo courtesy: Port of Virginia

Danish energy giant Ørsted has entered into an agreement with the Port of Virginia to lease a portion of the Portsmouth Marine Terminal for offshore wind staging materials and equipment.According to Virginia governor's office, Orsted could use the site for its work on the Coastal Virginia offshore wind project, which it is developing with Dominion Energy, as well as for staging materials and equipment for projects up and down the US east coast.Once executed, the lease will not expire before 2026…

29 Jan 2020

Global Wind Capacity to Reach 626 GW

Image courtesy: Ørsted

The global wind power industry is expected to install more than 626,800 MW of new capacity over the next decade, said a report.According to a report from Navigant Research, this new capacity represents a market worth more than $92 billion in 2019 and more than $1 trillion over the forecast decade.According to the report, global offshore wind development is expected to experience a 16% compound annual growth rate over a 10-year forecast period.China, Taiwan, and Europe are the leading markets…

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