Offshore Energy News

19 Mar 2019

STR Opens Australian Office

Photo: Subsea Technology & Rentals

The specialist in the design and manufacture of advanced subsea technology for the offshore energy industry, Subsea Technology & Rentals (STR), is delighted to announce the launch of its Australian Office and hosted its official office opening day in Perth, Western Australia.The solution provider for seafloor investigation and inspection to the offshore community said in a press release that it has invested in the region following the appointment of Jason French as Business Development…

13 Mar 2019

LR Chalks Out Energy Growth Strategy

Pic: Lloyd’s Register

Lloyd’s Register (LR), which ranks as one of the world’s largest providers of professional services for the engineering and technology sectors, has chalked out a new strategy for future growth in the energy market.The firm, which started out in 1760 as a marine classification society and now has more than 7,000 staff globally, said that the first phase of its new global strategy for its energy business to reposition the professional services portfolio for growth through the energy transition…

08 Mar 2019

Seaways International Takes Delivery of Two Damen FCS 2206

Photo: Damen Shipyard

On March 4th at Damen Shipyards Singapore, Seaways International took delivery of two Damen Fast Crew Suppliers (FCS) 2206. The Dubai-headquartered company has previously operated a Damen FCS 3307. Seaways International specializes in offshore marine services and will use the new vessels to transport crew to offshore energy locations in West Africa.Damen signed the contract with Seaways International on May 9, 2018. The swiftness of the delivery is due to Damen’s philosophy of standardized shipbuilding.

07 Mar 2019

Speedcast Offers Intellian v240MT Antenna

Intellian’s v240MT antenna (Image: Intellian)

Satellite communications provider Speedcast International said it will begin to offer Intellian’s v240MT antenna to customers in the cruise and offshore energy sectors.The v240MT is Intellian’s next generation, tri-band and multi-orbit 2.4 meter antenna for use on Ku, Ka and C-band satellites. The antenna has the capability to provide Medium Earth Orbit (MEO) and Geostationary Earth Orbit (GEO) broadband access to virtually any satellite constellation within seconds. Intellian said the v240MT is designed to deliver data rates exceeding 1Gbps…

05 Mar 2019

East Anglia Expecting $77 Bln in Offshore Projects

Image: Nautilus Associates

Based on the latest forecasts, engery-sector specialists Nautilus Associates claim more than £59 billion ($77 billion) could be invested in new offshore energy and infrastructure projects between now and 2040 in the Lowestoft and Great Yarmouth Enterprise Zones.Johnathan Reynolds, director at Nautilus Associates, said, “We are seeing huge new investments in new offshore wind projects off the East Anglian coast, with an annual operational spend close to £1.3 billion per year by 2025.

03 Mar 2019

DEME Offshore, SABCA Sign Drone Pact

Image: DEME Offshore

Two Belgian companies - Aerospace industry supplier SABCA and DEME Offshore - have formed a partnership to use drones for inspection services in the offshore wind energy industry.SABCA, a leading tier 1 aerospace industry supplier and DEME Offshore, a worldwide leader in solutions and services for the offshore energy market, have entered into a partnership for the development and deployment of Unmanned Vehicles to perform surveillance and inspection works in the offshore industry.Complementing each other’s core experience and know-how…

03 Mar 2019

Subsea 7 Buys-back Shares

Pic: Subsea 7 S.A.

With the market looks upbeat, Luxembourg-based subsea services vessel owner Subsea 7 announced a share buy-back programme."Reflecting Subsea 7’s strong financial and liquidity position and improving market outlook as well as a rebalancing of cash returns to favour share repurchases, the Board of Directors authorised a new share repurchase programme of up to USD 200 million," said a press release from the subsea engineering, construction and services company serving the offshore…

25 Feb 2019

Seacat Renews SMC Deal

Pic: Specialist Marine Consultants Limited

Offshore energy support vessel operator Seacat Services has extended the vessel inspection agreement with Specialist Marine Consultants (SMC), the health and safety advisory to the marine and energy industry.The agreement marks the second year that SMC has been contracted to carry out the Marine Inspection for Small Workboats (eMISW) for the 14-strong Seacat Services fleet.The eMISW is an annual assessment of metrics including vessel integrity, stability, and life-saving facilities.

31 Jan 2019

Record Year for US Wind Energy

Image: Bureau of Ocean Energy Management

American utilities signed contracts for 4,304 megawatts (MW) of wind power in 2018 that, when combined with non-utility purchases, reached the highest level on record for overall Power Purchase Agreements (PPA) activity with 8,507 MW in 2018.In total, the industry commissioned 7,588 MW of wind power capacity in 2018. There are now 96,488 MW of cumulative installed wind capacity in the United States, with more than 56,800 wind turbines operating across 41 states.According to a new report released today by the American Wind Energy Association (AWEA)…

25 Jan 2019

LOC Appoints Group Director for Hull, Machinery, Due Diligence Services

Nikos Benetis . Photo: LOC Group

London Offshore Consultants (LOC) Group announced the appointment of Nikos Benetis as Group Director of Hull & Machinery and Due Diligence Services.Nikos has been with LOC since 2017, previously in the role of Director of Financial Institution Advisory Services, and takes on his new role as part of the Group’s ongoing initiative to structure its shipping division to reflect the changes in the industry and client’s needs.According to a press release from the marine and engineering consultancy to the world’s shipping and offshore energy industries…

25 Jan 2019

Rebuilding Confidence in Reactivated DP Assets

© bomboman/AdobeStock

The offshore energy sector, like any industry, is constantly subject to market cycles. Challenging conditions may lower demand, resulting in a significant number of resources such as offshore support vessels (OSVs) and drillships being deactivated for potentially extended periods. Over time, however, cycles reverse and demand increases for these same assets.Operators reduced expenditures on offshore exploration and production activities, with a subsequent lower demand for these offshore assets, many of which were ultimately deactivated and laid-up (or “stacked”) for extended periods.

20 Jan 2019

Finalists Revealed for 2019 Offshore Achievement Awards

Previous Offshore Achievement Award winners provided by Offshore Achievement Awards

Finalists for the Offshore Achievement Awards 2019 have been revealed last week.The annual awards, which are hosted by the Society of Petroleum Engineers (SPE) Aberdeen Section, give recognition to the best talent, performance and innovation in the offshore energy industry. The award is supported by principal sponsor TAQA.This year’s shortlist recognises exceptional companies, both large and small, ground-breaking technological developments and individuals who go above and beyond in the sector.Over 90 entries were received…

07 Jan 2019

ABP, Peterson Sign Pact

ABP local management team welcomes Peterson UK to Lowestoft. Photo: ABP

The logistics and service provider to the offshore energy industry Peterson UK Limited has concluded a new long-term agreement with Associated British Ports Holdings (ABP) to establish a new operational and logistics base to the Port of Lowestoft.ABP, which owns and operates 21 ports in the United Kingdom, said that the new agreement will see Peterson operate a wide range of warehouse, cargo and logistic services from the port, including fuel bunkering to support the oil & gas and renewable energy sectors being supplied from their Lowestoft Supply Base.Paul Smith…

28 Dec 2018

Transocean: $830M Drilling Contract for Ultra Deepwater Drillship

While the late 2018 oil price swoon has put a damper on an otherwise positive year for offshore energy markets, Transocean Ltd. (NYSE: RIG) ends the year on a positive, signing a construction management contract, as well as a five-year drilling contract with Chevron USA, Inc. for one of its two dynamically positioned (DP) ultra-deepwater drillships currently under construction at the Jurong shipyard in Singapore.The drilling contract has an estimated backlog of $830 million, excluding mobilization and reimbursables.The rig will be the first ultra-deepwater floater rated for 20,000 psi operations and is expected to commence operations in the Gulf of Mexico in the second half of 2021.In the event of termination for convenience by the customer…

24 Dec 2018

Lamprell Wins Offshore Wind Project

Image: Lamprell

Lamprell announced that it has been selected by GeoSea Procurement & Shipping Luxembourg SA, a wholly owned subsidiairy of GeoSea NV, the lead engineering, procurement, construction and installation contractor on the Moray East offshore wind farm, to fabricate jacket foundations for the project.Lamprell, the provider of fabrication, engineering and contracting services to the offshore energy industry, said it will fabricate 45 out of approximately 100 jacket foundations required for the wind farm…

13 Dec 2018

Seacat Services Digitizes Its Fleet

(Photo: Seacat Services)

U.K.-based offshore energy support vessel (OESV) operator Seacat Services has installed advanced remote monitoring systems across its fleet in an effort to glean a new level of insight into the operational performance of its vessels.‘Digitalization’ of operational practices, coupling remote data collection with advanced monitoring, is gaining pace as offshore wind firms throughout the supply chain aim to keep tabs on the performance of project critical infrastructure, optimize O&M and construction procedures…

10 Dec 2018

GREAT WORKBOATS: The Very Best 10 of 2018

Tazlina, built by Vigor

MarineNews showcases the ten best of North America’s 2018 workboat deliveries. Domestic shipyard production is robust, innovative and getting greener. And, that translates into two kinds of ‘green.’As the domestic offshore energy support sector slowly awakens, other sectors have been happy to take the spotlight in its absence. As always, and if a hull was delivered in 2018, we took a look at it, with several areas as a focus for inclusion into this edition. For my part, I’m always excited when the U.S. boatbuilding sector can deliver for a foreign buyer. We’ve checked that box here.

06 Dec 2018

The Top 10 Maritime Stories for 2018

The M/V Steve Golding transits  through the Olmsted Locks in late July. Called by some stakeholders, 'the Manhatten Project' of civil engineering, Olmsted is finally completed at an enormous cost. (CREDIT: USACE)

Choosing the ‘top stories of 2018’ was, this year, a difficult task. Many compelling story threads played out, dramatically impacting the North American waterfront, and in particular, the workboat sector – each in their own unique way. Read on to find out how and why.Autonomous Vessels: Ready or Not, Here They ComeFuturistic, remote-controlled autonomous marine vehicles aren’t coming. They are here. As the pace of change quickens, autonomous vessels are already providing service and value on the water.

29 Nov 2018

Subsea Innovation Bags Two Contracts with Royal IHC

Dave Thompson, Managing Director. Photo: Subsea Innovation

Subsea Innovation, the supplier engineered equipment and technology used in the installation of subsea equipment for the offshore oil and gas, has announced two high profile contract wins with Royal IHC, as part of a collaborative framework agreement.A press release from the  offshore energy engineering compmany said that  will be supporting their client Royal IHC Limited on the design, development, manufacture and supply of back deck equipment on two projects to be completed throughout 2018 and 2019."For both projects…

27 Nov 2018

Van Oord Contracts Tekmar Borssele 2 Offshore Wind Project

Image: Van Oord cable-laying vessel Nexus installing cables with Tekmar cable protection systems.

The subsea cables and engineering services provider Tekmar Energy announced that international marine contractor Van Oord has selected the patented Tekmar Cable Protection System (CPS) TekLink Mechanical Latch for the Borssele 2 (site III and IV) offshore wind farm.According to a press release from the offshore wind cable protection systems company, Borssele 2 consisting of 77 turbines and a total of 731.5 MW, will go into construction off the coast of Zeeland, the Netherlands in 2020.James Ritchie…

18 Nov 2018

Dell Technologies, Arundo Analytics Launch IoT Bundle for Maritime

Image: Arundo Analytics

American multinational information technology corporation Dell Technologies and  cloud-based software firm Arundo Analytics announced the launch of the IoT Bundle at The Royal Norwegian Consulate Shipping Conference held in Houston, Texas.The bundle consists of Dell Edge Gateway 5100 series devices combined with Arundo Edge Agent software, said a press release from the provideer of software to enable enterprise-scale machine learning and advanced analytics applications.Dell Edge Gateway 5100 devices are hardened and maritime class-certified…

16 Nov 2018

Glosten, C-Job Sign MOU

Morgan Fanberg, President, Glosten (left) and Basjan Faber, CEO of C-Job. (Photo: Glosten)

Glosten and C-Job Naval Architects announced a partnership as executives from the two firms met recently at Glosten’s newly opened East Coast office to sign a Memorandum of Understanding (MOU) defining the firms’ shared goals and objectives.“This is an important step in formalizing what has already been a fruitful relationship over the past several months,” said Glosten President Morgan Fanberg, PE. “It is encouraging to see the work we can accomplish together. We look forward…

08 Nov 2018

Reach Charters Topaz Tiamat

(Photo: Topaz Energy and Marine)

Norwegian based Reach Subsea said it has entered an agreement with Dubai headquartered Topaz Energy and Marine to charter newbuild light subsea construction vessel Topaz Tiamat for 2.5 years, plus three one-year options.The Norwegian-built vessel will be deployed under a cooperation agreement between Reach and Sweden's MMT. The team has been awarded several frame agreements for survey; inspection, maintenance and repair; and light construction within the oil and gas and renewable sector over the last year.Reach said the commercial terms of the charter agreement are confidential…

Maritime Reporter Magazine Cover Mar 2019 - Cruise Shipping

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