Marine Link
Monday, February 19, 2018

Offshore Energy Industry News

NOIA Appoints Four to BoD

Martin Stauble

National Ocean Industries Association (NOIA) Chairman David Welch has appointed four new members to the association’s Board of Directors. The appointments were announced today during NOIA’s fall meeting in Jackson Hole, Wyoming, where the association is commemorating 45 years of commitment to America’s offshore energy industry. Today, the oil and gas industry, long centered in the Gulf of Mexico, produces 17% of America’s domestic oil and 5% of our domestic natural gas, while off the coast of Rhode Island…

Subsea 7 Acquires Normand Oceanic

 Normand Oceanic. Photo: Subsea 7 S.A.

Subsea 7 S.A. has announced an agreement to acquire the remaining 50% shareholdings in its equity accounted joint ventures, Normand Oceanic AS and Normand Oceanic Chartering AS, from Solstad Farstad ASA for a nominal cash consideration. Effective from the date of the transaction, the Group will become the sole owner of Normand Oceanic, a flex-lay and heavy construction vessel that is being managed by Solstad Farstad while under long-term charter to a third party. The Group will assume all obligations related to an outstanding loan of approximately $100 million.

Rigs' Parts Lack Third-Party Endorsements

According to an Associated Press report from August 31, the equipment failures blamed for the Gulf oil spill might have been detected if the owners of the Deepwater Horizon continued to have the rigs’ drilling equipment verified by independent experts — something federal regulators mistakenly thought was happening offshore. This lapse in the offshore energy industry's safety net has emerged as a key finding in the joint federal inquiry by the Coast Guard and Bureau of Ocean Energy Management, Regulation and Enforcement into the largest offshore oil spill in U.S. history. (Source: Associated Press)  

James Fisher Opens Offshore Vessel for Tours

Dart Fisher (Photo courtesy of James Fisher)

James Fisher Marine Services Ltd (JFMS), and Fendercare Marine, both subsidiaries of James Fisher and Sons plc (JFS), held an open day to demonstrate the capability of their shoreside support base and the offshore support vessel, the Dart Fisher. The Dart Fisher, which was berthed in the Fendercare Marine base in Great Yarmouth, is a 26-meter catamaran specifically designed to service the offshore energy industry with the capability to transfer up to 12 engineers, three 20-foot containers with a total combined cargo weight of 30 metric tons.

Geiger Named FGH President

Friede Goldman Halter elected Paul Geiger, Jr. as president of Friede & Goldman, Ltd., the company's naval architecture division, which is renowned for its designs of mobile offshore drilling units for the offshore energy industry. Geiger, who joined the company in 1989 as vice president of design, will head Friede & Goldman's newly consolidated offices in Houston.

Offshore Energy Industry Evacuates Before Ike

Photo credit:  NOAA

The offshore energy industry continues to evacuate workers from the in advance of Hurricane Ike. According to the Minerals Management Service, 78 percent of oil production was shut in because of the approaching storm. Some 23 percent of the platforms in the Gulf and 36 percent of the rigs in the Gulf have been evacuated. Platforms are the offshore structures from which oil and natural gas are produced. Source:  The Times-Picayune

Tidewater to Sell Fleet of Safety Standby Boats

Tidewater Inc., operator of the world's largest fleet of vessels serving the offshore energy industry, reportedly agreed to sell its North Sea safety-standby boats to BUE Marine Limited of Edinburgh, Scotland.

Tidewater Declares Dividend

Tidewater Inc.'s board of directors declared a quarterly dividend of $.15 per share on Tidewater's approximately 57 million shares of common stock outstanding. The dividend was declared during a regular meeting of the board and is payable June 21, 2007 to shareholders of record on June 11, 2007. Tidewater Inc. owns 463 vessels, the world's largest fleet of vessels serving the global offshore energy industry.

Crowley to Christen Barge

On July 28, Crowley Maritime Corporation will christen the 455-2, the second of three new Heavy Lift 455 series deck barges being built to handle project work for the offshore energy industry - primarily in the Gulf of Mexico. The 455-2 is one of three 400 x 105-ft.-wide deck barges to be built at Gunderson Marine's shipyard in Portland, Oregon. The media is invited to attend this christening, which will feature the traditional breaking of a champagne bottle against the hull and the subsequent launch and spectacular splashdown into the Willamette River.

Offshore Energy Course Earns RTN Recognition

Photo courtesy of OMA

Leading the way for client representative training in offshore renewables industry . An operational offshore energy course, providing training in the running and delivery of offshore renewables projects, has received industry recognition from the Renewables Training Network (RTN). The Client Representative Course, run by Offshore Marine Academy (OMA), received the ‘RTN Recommended’ status earlier this month, highlighting the academy’s ambitions to meet training demand as well as to close the skills gap within the industry.

DNV GL Lends Support to Walney 3 Offshore Wind Project

Image: DNV GL

DNV GL has secured a role as technical advisor to a group of institutional lenders with their investment of the 659MW Walney Extension. Located off the coast of North West England at Barrow-in-Furness, the Walney Extension offshore wind farm will bring a mix of wind turbine types, featuring 40 MHI Vestas V164 and 47 Siemens SWT-7.0-154 turbines. DNV GL conducted a detailed technical due diligence study and full independent energy production assessment, allowing the group of lenders to develop an understanding of the technical characteristics and risk profile.

Miller is VP - Government and Political Affairs, NOIA

Megan Bel Miller

The National Ocean Industries Association (NOIA) has promoted Megan Bel Miller to Vice President for Government and Political Affairs. She will lead NOIA's Congressional relations and Political Action Committee.Megan joined the NOIA staff in May 2013 as Senior Director, Government & Political Affairs. “Megan’s unparalleled Hill and legislative experience combined with her knowledge of the Gulf of Mexico and the offshore energy industry have greatly benefitted the NOIA membership and staff over the past two years.She has helped further our mission to promote offshore energy access…

Northern Offshore Sells Semi-Sub

Energy Enhancer Jack-up, Verolme Shipyard, Rotterdam.Image: Northern Offshore

Northern Offshore announces it has sold its semisubmersible Energy Driller to an unnamed party for conversion to alternative use. The unit had previously been cold stacked at a shipyard in Bahrain following completion of a term drilling contract in India. Northern Offshore previously sold the drillship Energy Searcher in late 2016. Chairman and (Interim) CEO Dr. Northern Offshore is a global offshore drilling company historically operating in the North Sea, West Africa, South Asia, Near East and Southeast Asia.

NOIA Optimism on Gulf of Mexico Oilfield Sales

Overall, compared to the last two years, we are seeing a positive trend for the offshore industry in the Gulf of Mexico, and we are looking forward to Wednesday’s lease sale with cautious optimism. “Not only is this the first Central Gulf of Mexico sale in two years and the last lease sale in the current five year OCS leasing plan, but the 2012-2017 plan is not yet out, so it is unclear when the next Central Gulf sale will occur. These factors likely point to pent-up demand and interest in leases. If you consider a few big discoveries in the Central Gulf over the past few years, such as Chevron’s Hadrian discovery and BP’s Tibor and Kaskida discoveries in deepwater and McMoran’s Davey Jones discovery in shallow water, there may be heavy interest in both deepwater and shallow water blocks.

NOIA President Comments on Schneider's DOI Nomination

“It is the prerogative of the President and Secretary to nominate whomever they choose, but there are many unanswered questions about how Janice Schneider will regulate the offshore energy industry. He added, “That being said, many of our members are disappointed that Tommy Beaudreau was not nominated. He came to the Department of the Interior during a difficult time, but over the last two years he earned the reputation for being willing to listen and learn about industry concerns. I wish him the very best as he returns his full attention to the Bureau of Ocean Energy Management.

OSD Opens China Design Office

The Offshore Ship Designers group has opened a design office in . Initially staffed with six naval architects it will provide design resources to OSD’s European partners and also provide Asian shipyards with innovative tug and offshore support vessel designs. OSD has recently undergone a change in partners with the acquisition by ’s Ulstein Group of one of the founding partners, Dutch heavy offshore vessel designer . OSD now consists of the combined resources of WorldWise Marine, the specialist tug design and consultancy, and IMT Marine Consultants, which has a strong portfolio of offshore support vessels of all types. Offshore Ship Designers Group (OSD) is a global one-stop resource delivering naval architecture and marine engineering skills to the shipping and offshore energy industries.

SBM Offshore, CGU, AGU Sign MoU

Logo

The Comptroller General's Office (CGU), the Attorney General's Office (AGU) and SBM Offshore today signed a Memorandum of Understanding (MoU). The MoU sets a framework between the Company, the CGU and the AGU for discussions on a potential mutually acceptable settlement and for the disclosure by SBM Offshore of information relevant to the CGU's investigations. SBM Offshore provides floating production solutions to the offshore energy industry, over the full product life-cycle.

Lundstrom Joins Tidewater

Tidewater Inc. said that Bruce D. Lundstrom has joined Tidewater as Senior Vice President, General Counsel and Secretary. Lundstrom, who will report to Chairman, President and CEO Dean Taylor, will be responsible for the Legal, Insurance and Human Relations/Benefits staffs of the company, and will also act as Tidewater's Chief Compliance Officer. He joins Tidewater following a ten-year career within the oil and gas industry. In his most recent position at Prisma Energy International Inc. as Senior Vice President and General Counsel. Tidewater Inc. owns 454 vessels, the world's largest fleet of vessels serving the global offshore energy industry.

FGH’s Convertible Note Interest Payment Status

Friede Goldman Halter, Inc. announced that it has not made the semi-annual interest payment on its outstanding 4 1/2% convertible subordinated notes due 2004. The company plans to make this interest payment within the 30-day grace period provided under the indenture relating to the notes. Friede Goldman Halter is a world leader in the design and manufacture of equipment for the maritime and offshore energy industries. Its operating units are Friede Goldman Offshore (construction, upgrade and repair of drilling units, mobile production units and offshore construction equipment); Halter Marine (construction of vessels for commercial and governmental markets)…

Navig8 Buys RK Offshore

Photo: RK Offshore

Maritime services provider Navig8 Group has agreed to buy shallow-water contractor RK Offshore Management. Singapore-headquartered Navig8 Group, the world's largest provider of maritime services, announced that it has entered into agreements to acquire Africa-focused RKOffshore Management (RKOM), a fully-integrated provider of marine services to the offshore energy industry. Completion of the acquisitions is subject to a number of conditions precedent which are expected to be satisfied on or before 30 April 2016.

Aker Enters Offshore Floating Wind Market

Photo: Principle Power

Norwegian oil and gas specialist Aker Solutions has invested in floating wind power technology company Principle Power, with the aim to brings its offshore oil and gas field engineering experience to the renewable energy market. Aker Solutions has an extensive track record in developing offshore oil and gas fields, with particular capabilities in floating facilities. The partnership will help bring Principle Power's technology - an innovative floating foundation for offshore wind turbines, known as WindFloat - to a broader market.

Ferguson Modular Invests in Norwegian Market

Ferguson Modular, a division of the Ferguson Group, specialists in the rental of accommodation and engineering modules to the offshore energy industry around the world, has invested $1.9m into the manufacture of new modules for the Norwegian market. The modules will be manufactured under NORSOK standards. Commenting on the investment, Ferguson Modular’s Director of Business Development Gary Wilson said: “The NORSOK compliant modules have been manufactured to expand our rental fleet in Norway and will be available at the end of October through Ferguson Norge AS, our Norwegian division based in Tananger. The NORSOK standards are developed by the Norwegian petroleum industry to ensure adequate safety, value adding and cost effectiveness for petroleum industry developments and operations.

Subsea 7 Wins Pipeline Industries Guild Award

Subsea 7, a provider to the offshore energy industry, has won the Pipeline Industries Guild’s (PIG) 2012 Subsea Pipeline Technology Award. The award was made at the PIG National Dinner in London’s Grosvenor House Hotel. The award recognizes Subsea 7’s technology initiative for the installation of Mechanically Lined Pipe (Bubi® pipe) by reel–lay³. Subsea 7’s has been working with the pipe manufacturers  BUTTING to optimize the technical and commercial benefits of using Bubi® pipe over corrosion resistant alloys and metallurgically clad pipes currently used by the industry. The technology, independently qualified by DNV, has demonstrated its market potential and been adopted for the first major Pre-Salt project, Guará-Lula NE, in Brazil by Petrobras.

Maritime Reporter Magazine Cover Feb 2018 - Cruise Ship Annual

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