Marine Link
Monday, August 20, 2018

Offshore Energy Industry News

Signs of Recovery in the US Gulf of Mexico

© Theerapong / Adobe Stock

Today's U.S. auction of Gulf of Mexico exploration leases drew tepid response from oil companies, but marked notable progress for an industry still in a state of recovery.“While not a barn burner, Lease Sale 251 tops the previous Gulf sale in terms of increased participation, increased competition for offerings, and bid amounts,” said Randall Luthi, president of the National Ocean Industries Association (NOIA). “In addition, bidding activity demonstrates both continued interest in deepwater tracts and renewed interest in shallow water tracts.”Luthi continued…

Subsea 7 Signs on for FutureOn Planning Software

Image: Subsea 7

Norway-based digital technology innovator FutureOn announced a multi-license contract for its Field Activity Planner (FieldAP) software with Subsea 7, a leading global contractor providing engineering, construction and services to the offshore energy industry.“FieldAP brings all the data about the field into one centralized digital environment to help our customers see more about their assets from every vantage point and collaborate meaningfully, which makes it possible for them to make economically prudent planning decisions…

Op/Ed: Offshore Energy Can Power US Growth

Randall Luthi  (Photo: NOIA)

Following President Trump’s address to the joint session of Congress, National Ocean Industries Association (NOIA) president Randall Luthi weighs in on  shifting U.S. policy and its effects on offshore energy and the American economy. As President Trump begins work on his ambitious agenda, it appears that efficiency and cost cutting are major themes throughout much of the federal government. Those of us in the energy producing industries say welcome to our world. While low commodity prices and overly burdensome regulations devastated job growth in the energy sector during the last two years…

Oceaneering Wins NOIA Safety Award

NOIA Awards Image NOIA

The National Ocean Industries Association (NOIA) today named Oceaneering International, Inc. as the recipient of the 2016 Safety-in-Seas (SIS) Safety Practice Award. Kevin McEvoy, CEO of Oceaneering International, accepted the award at the NOIA annual meeting in Washington, DC. “We are very pleased to be selected for this prestigious recognition. Through rigorous risk analysis with our customer, we developed multiple redundant, fail-safe systems to safely conduct these complex subsea operations in deep water,” said Kevin McEvoy, CEO of Oceaneering International, Inc.

NOIA Elects McEvoy, Chairman Welch Vice Chair

Logo

The National Ocean Industries Association (NOIA) Board of Directors has elected Kevin McEvoy as Chairman and Dave Welch as Vice Chairman for the upcoming 2016-2017 term. McEvoy and Welch assumed their positions at the NOIA Annual Meeting today in Washington, D.C. Since 2011, McEvoy has served as Chief Executive Officer of Oceaneering International, Inc., global provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications.

Tidewater Reorganization Gets Court's Okay

Tidewater Logo by Tidewater Inc

Tidewater, one of the world's largest offshore vessel owners, said that a court in Delaware approved the company's plans for a restructuring has, which would eliminate $1.6B in debt. The US-based owner of one of the world’s largest fleets of OSVs will be able to recapitalise and refinance debt on its balance sheet. "We are very pleased that the court has confirmed our Plan within a relatively short time frame," said Jeffrey M. Platt, Tidewater's President and Chief Executive Officer.

Volvo Penta Powers Njord Offshore Crewboats

Photo: Volvo Penta

Njord Offshore’s two latest 26m offshore crew vessels (24 pax), equipped with Volvo Penta’s IPS900 Quad drives, are now ready for heavy-duty use in the North Sea. After a year operating four new 26m crew transfer vessels (CTVs) fitted with Volvo Penta’s IPS900 Quad drives, Njord Offshore – which transports crew to and from offshore wind farms – has added another two new 24 pax vessels with the same propulsion system to its fleet. The U.K. company now has 15 CTVs of 21m and 26m in its fleet…

US Offshore Regulator to Unveil Tougher Environmental Safeguards

The Discoverer Enterprise, Q4000 and many other vessels work around the clock cleaning up the Deepwater Horizon oil spill in the Gulf of Mexico. (Photo: SGT Casey Ware, U.S. Army)

The U.S. government agency created after the 2010 Deepwater Horizon oil spill plans in coming weeks to unveil tougher financial requirements for offshore oil producers aimed at protecting taxpayers from the risk of cleaning up abandoned oil rigs, an agency executive told Reuters. Under the new guidelines, the Bureau of Ocean Energy Management (BOEM) will demand additional guarantees to cover producers' legal obligation to plug offshore wells and dismantle rigs in the Outer Continental Shelf once they have extracted oil and gas…

OP/Ed: Why I Became a Member of the OSVDPA

Capt. Robert "Bobby" Moyer

A new voice for today’s workboat professional emerges. As the captain of an OSV, I’ve spent a great deal of my life waiting. Waiting at the dock, at anchor, at the 500. Wherever one could wait, I have waited there. I can wait with the best of them. Now, just out of habit, I’ll wait when doing so is not required or helpful. Because of this waiting I, like most mariners, can gripe with the best of them. I also excel at grumbling, grousing, and my bellyaching is hard to beat. I guess mariners develop this skill while we wait (or maybe because we wait).

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…

Rigdon Named Interim CEO at Tidewater

Larry Rigdon

Larry T. Rigdon will serve as interim president and chief executive officer (CEO) of Tidewater Inc. while a search committee seeks a permanent successor to Jeffrey M. Platt, who has elected to retire from his role as director, president and CEO of offshore service vessels (OSV) owner and operator effective October 15, 2017. “Having successfully completed the financial restructuring of Tidewater at the end of July, which positioned the company to weather current industry conditions and achieve success in the future…

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.

What Hurricanes Teach Us About Energy Security

© Daniel / Adobe Stock

After a few years of relative calm, the 2017 hurricane season wreaked havoc in the Atlantic and the Gulf of Mexico, causing widespread damage and human suffering, and exposing the vulnerabilities and strengths of American energy security. As the flood waters from Hurricane Harvey receded and Gulf coast residents embarked on the arduous road to recovery, the offshore energy industry took stock and counted its losses and blessings. Offshore energy facilities faired remarkably well compared to onshore energy facilities, many of which suffered catastrophic damage from flood waters.

Trump Aims to Open Nearly All US Offshore to Oil Drilling

© wanfahmy / Adobe Stock

The Trump administration on Thursday proposed opening nearly all U.S. offshore waters to oil and gas drilling, a move aimed at boosting domestic energy production that sparked protests from coastal states, environmentalists and the tourism industry. The effort to open previously off-limits acreage in the Atlantic, Arctic and Pacific oceans comes less than eight years after BP Plc's Deepwater Horizon oil spill in the Gulf of Mexico - the largest in American history. The disaster…

Interview: Aaron Smith Zeroes in on the Offshore Sector

Aaron Smith

As the Executive Director for the Offshore Supply Vessel Dynamic Positioning Authority (OSVDPA), Aaron Smith is charged with managing the day-to-day operation of the Authority. Along with the OSVDPA Board of Directors and Technical Advisory Council (TAC), Aaron has helped to craft the Authority’s dynamic positioning operator (DPO) certification program. This includes ensuring that the program is ultimately accepted by the offshore energy industry, and its many international and domestic counterparts.

Subsea 7 to Invest in Xodus Group

SEVEN FALCON. Photo: Subsea 7

Leading global contractor in seabed-to-surface engineering, construction and services to the offshore energy industry Subsea 7 S.A. and Chiyoda Corporation announced that Subsea 7 has agreed to acquire a 60% holding in Xodus Group, a leading energy consultancy, from Chiyoda. Yokohama-based Chiyoda, which provides services in the fields of engineering, procurement and construction on a global basis for gas processing, will retain a 40% holding as a joint venture partner. This investment…

MTS Expands Fleet With Multipurpose Landing Craft

MTS Terramare (Photo: MTS)

Marine services provider Marine and Towage Services Group Ltd. (MTS) said it has purchased MTS Terramare, a multipurpose landing craft. The vessel enables the delivery of cargo, construction equipment and other materials directly onto land, without the need for dedicated dockside facilities, while also being able to operate as a diving platform for offshore salvage and development work. The ability of MTS Terramare to be used as a floating platform for diving survey, or UXO works on cable routes…

Oceaneering Acquires Ecosse Subsea

Photo:  Oceaneering International, Inc.

Houston-headquartered Oceaneering International has, through one of its wholly-owned subsidiaries, acquired the Aberdeen-based Ecosse Subsea Limited for approximately GBP 50 million (US$69 Million). Headquartered in Aberdeen, Scotland, Ecosse builds and operates seabed preparation, route clearance and trenching tools for submarine cables and pipelines on an integrated basis that includes vessels, ROVs and survey services. Enabling technologies acquired in the transaction include Ecosse's modular SCAR Seabed System…

Acta Marine’s Newbuild Completes Sea Trials

Acta-Auriga-on-sea-trial Photo Ulstein Group

The SOV W2W vessel Acta Auriga, currently under construction at Ulstein Verft, Norway for owner Acta Marine, has successfully completed sea trials. The walk-to-work vessel is custom-designed for the offshore energy industry. Together with a 3D crane, SMST gangway and elevator tower, and the X-BOW and X-STERN design solutions, the vessel will break new grounds in workability, in-field agility, offshore logistics and comfort on board for 120 persons combined with a low fuel consumption, the builder said.

Two Additions to LOC's Singapore Team

New Additions Photo courtesy LOC

London Offshore Consultants (LOC), a leading global marine and engineering consultancy for the shipping and offshore energy industry, has boosted its presence in Singapore with two new appointments – Mark Board as Marine Consultant, and Dan Niklas Ahlgren as Naval Architect. Mark joined LOC Singapore as Marine Consultant in September 2016. He brings with him experience in bulk carriers, roll on–roll off vessels, FSO’s and container ships. He also has an extensive experience at all ranks on board oil tankers…

Damen Debuts New Fast Crew Supplier Vessel

Damen FCS 2710 front view Photo Damen

Damen Shipyards Group has introduced a new model to its Fast Crew Supplier range: the FCS 2710, which builds on the FCS 2610 first introduced in 2011.The first FCS 2710 vessel is already in build at Damen Shipyards Gorinchem for delivery in July 2018. The FCS 2710 retains the twin hull, axe bow design. However, as the offshore energy industry has evolved in recent years so has its requirements for crew transfer vessels and the regulations that govern them. Damen has listened to the feedback and designed a vessel that retains much of the fundamental design of the 2610…

NOIA Decries Obama Withdrawal of Offshore Areas

Randall Luthi (Photo: NOIA)

“President Obama’s short sighted, unilateral withdrawal of Atlantic and Arctic Ocean areas from future oil and gas leasing not only risks the long-term energy security and energy leadership position of the United States, it violates the letter and spirit of the law. Such an expansive withdrawal, particularly when argued as being ’permanent’, is clearly inconsistent with the Outer Continental Shelf Land Act’s steadfast declaration that ‘... “Furthermore, today’s decision puts the…

BSEE Director Brian Salerno Weighs in on Offshore Ops

Brian Salerno (Photo: BSEE)

Brian Salerno was sworn in as the Director of the Bureau of Safety and Environmental Enforcement (BSEE) on August 26, 2013. He is responsible for promoting safety, protecting the environment and conserving resources through the vigorous regulatory oversight and enforcement of offshore operations on the U.S. Outer Continental Shelf. Prior to his appointment as Bureau Director, Salerno served as the U.S. Coast Guard’s Deputy Commandant for Operations where he was responsible for establishing and providing operational strategy…

Maritime Reporter Magazine Cover Aug 2018 - The Shipyard Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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