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Sunday, May 27, 2018

Offshore Energy Market News

Ideol, STX to Develop Next-Generation Offshore Substations

Photo:  Ideol

Ideol and STX Europe Offshore Energy, the well-known EPCIM supplier of substations to the bottom-fixed offshore wind industry, announce the development of a breakthrough floating substation. This one will be compatible with both bottom-fixed and floating offshore wind farms. Their universal and modular solution is expected to impact the market of offshore substations and aims at being market-ready for France’s upcoming floating commercial tenders. Based on Ideol’s patented and shallow-draft Damping Pool® concept and designed to operate in the world most extreme environments…

WTS Opens Houston Office

WTS Vice President, Americas Region, Philip Bannerman

Wilhelmsen Technical Solutions has established a new office in Houston, Texas in response to increased client demand for its newbuilding and aftermarket products and services. WTS is targeting increased business from the local offshore industry in the Gulf of Mexico and an expanded focus on Brazil, where deepwater offshore production is entering a new and dynamic phase. WTS Vice President, Americas Region, Philip Bannerman says the company is well placed to provide the mix of skills and competence in demand in these regions.

WTS Open Houston Office

Philip Bannerman: Photo credit WTS

Wilhelmsen Technical Solutions (WTS) opens an office in Houston to service their increased offshore business. WTS is targeting increased business from the local offshore industry in the Gulf of Mexico and an expanded focus on Brazil, where deepwater offshore production is entering a new and dynamic phase. WTS Vice President, Americas Region, Philip Bannerman says the company is well placed to provide the mix of skills and competence in demand in these regions. “Both US and Brazilian offshore & energy markets are booming and we wanted to be closer to where our customers are.

Boskallis' Wooing of Dockwise Culminates in Success

Dockwise supports combination with Boskalis and recommends the Boskalis Offer to shareholders. The Board of Directors of Dockwise has unanimously resolved to support the combination of Dockwise and Boskalis and to recommend the mandatory cash offer by Boskalis of EUR 18.50 / NOK 137.65 per share cum dividend for all of the issued and outstanding common shares in the capital of Dockwise. Boskalis welcomes the position of Dockwise. As indicated by Dockwise from the outset of the offer process, Dockwise recognises the strategic merits of the Combination. The Combination fits within the strategy of Dockwise to expand in the offshore transport and installation as well as the logistical management market…

Concept Catamaran Can Morph to Liftboat

Submersible Hull Catamaran: Image credit OSSeas Ltd

SHC Wavedancer, with a new patents pending design, is capable of transforming from a high speed catamaran to a semi-submersible platform. The desingers believe that this innovation has enormous global potential for use in the offshore energy markets, such as platform personnel transfers and wind farm maintenance, offshore survey, inspection and installation works. The patents pending Submersible Hull Vessel (SHV) concept is owned by OSSeas Ltd and is the only vessel which can change its own internal volume.

IHC Caland Mulls Exit From Shipbuilding

Shipbuilding and engineering group IHC Caland NV might stop building ships if the Dutch state goes ahead with plans to abolish subsidies for shipyards after 2000. If the Dutch shipbuilding subsidies were scrapped, cutthroat competition from South Korean companies in particular would cause the Dutch sector to vanish. Currently, IHC Caland generates about 30 percent of annual turnover by shipbuilding. The bulk of the firm's sales are generated in the offshore energy markets, notably by building and operating floating production and storage systems. In a separate press release, IHC Caland stressed this did not imply a change in previously given forecasts.

BMT Expands to Meet Increased Workload

Photo courtesy of BMT

BMT Nigel Gee (BMT), a subsidiary of BMT Group, has announced the completion of new offices in Southampton in order to meet a large increase in design work. Operating across four principal market sectors, the naval architectural practice delivers design and engineering services for specialised vessels in the commercial, yacht, defence and offshore energy markets. With 62 live projects, BMT has made an exciting start to 2015. Current contracts equate to a total vessel length of nearly 2600m, with projects spreading across 13 countries, over three continents.

SPE Award for Survitec Group

Greg Allanach, European MD of Survitec Courtesy Linkedin

Two safety and survival systems developed for use in the UK’s offshore sector by the Survitec Group were recognised for their industry-leading importance when they won the Safety Innovations Award in the recent Offshore Achievement Award organised by the Society of Petroleum Engineers (SPE). The Safety Innovations Award recognises excellence in innovative technology and products that have been developed in the UK and which contribute to offshore safety. In particular, it looks at how they contribute to the overall objective of improving individual…

Crowley, Triunfo To Establish Joint Venture

Crowley Marine Services and Triunfo Operadora Portuaria Ltd., intend to form a joint venture to operate a deepwater logistics base in the State of Rio de Janeiro, Brazil. GAIA Comercial Exterior will participate as Crowley's Brazilian representative for energy logistics services. The partners announced the joint venture during a signing ceremony at Rio's prestigious Naval Club. The deepwater logistics base will be located at Triunfo's marine terminal on Guanabara Bay and will manage the complex logistics and transportation required to support deepwater exploration and production in the Campos and Santos basins of Brazil. The base will feature over 300 m of dedicated dock space with 7.5 m draft, as well as significant open and covered warehousing, cranes, and material handling equipment.

L-3 SAM Electronics Equips Vidar Heavy-Lift Jack-Up

Vidar Heavy-Lift Jack-Up Vessel

L-3 SAM Electronics announced today that it has completed the supply and installation of extensive drive equipment, as well as automation, navigation and positioning systems, on board the Heavy-Lift Jack-Up Vessel (HLJV) Vidar, which is operated by HOCHTIEF Infrastructure GmbH for construction and service support of offshore wind farms. The Vidar is the latest in a series of recently completed offshore turnkey projects undertaken by L-3 SAM Electronics on behalf of leading operators in the world’s offshore industry.

DOF Extends VSAT Contract with Marlink

Skandi Skansen (Photo: Dof Group)

DOF Group has renewed its VSAT (Very Small Aperture Terminal) services contract with Marlink for five more years, with options to further extend the services. Under the new contract announced at Nor-Shipping 2015, Marlink will provide customized VSAT services to 60 DOF owned offshore and subsea vessels, counting an additional eight vessels on the previous contract, including several imminent newbuilds. As an international group of companies, DOF owns and operates a modern fleet of supply and subsea vessels, offering a strong engineering capacity to service the global offshore energy market.

MTN Names Olivier President, CEO

MTN Satellite Communications (MTN) said that Errol Olivier was appointed President and CEO. Olivier most recently served as the company’s President and COO. Olivier has over 25 years of experience in the telecommunications industry. Prior to joining MTN, he served as President and CEO of Broadpoint and President and COO of CapRock Communications. He is also recognized for pioneering the first commercial multi-tenant satellite telecommunication strategy for the oil and gas industry in the Gulf which revolutionized the way Very Small Aperture Terminal (VSAT) services were delivered to the offshore energy market. In addition to Mr. Olivier’s appointment, Joe Wright, who served as MTN’s Chairman of the Board of Directors, is now Executive Chairman of the Board of Directors. Mr.

Helix Awarded Three-Year Vessel Contract

Helix Energy Solutions announced that its wholly-owned subsidiary Canyon Offshore, Inc. has been awarded a $160m, three-year contract by an E & P operator in South East Asia, to provide the M/V Olympic Canyon DP II multipurpose vessel for offshore inspection, repair and maintenance operations. The Olympic Canyon is scheduled to commence work in April 2008 and will support client's numerous offshore projects. The vessel will be outfitted with two deepwater 150 hp Triton XLS work class ROV systems, a variety of intervention tooling and support equipment, and a 140 mT active heave compensated crane. Canyon has recently grown its fleet of chartered vessels with the addition of two new Norwegian built vessels the M/V Olympic Canyon and sister ship M/V Olympic Triton.

BAE Systems to Build Subsea Support Vessel

Artist rendering of the subsea support vessel BAE Systems will build for Oceaneering International.

Oceaneering International, Inc., a global oilfield provider of engineered services and products, has selected BAE Systems to build a subsea support vessel for offshore drilling. The vessel will be used to augment Oceaneering’s ability to provide subsea intervention services in the ultra-deep waters of the Gulf of Mexico. BAE Systems continues to support the offshore energy market as it grows its U.S. commercial shipbuilding operations. Construction will take place at the company’s Mobile, Alabama shipyard, and, when complete, the U.S.

Diamond Offshore Shares Buoyant

As the offshore energy market continues to search for signs of recovery, latest news from Diamond Offshore points to better times ahead. On Monday, October 30, 2017 Diamond Offshore reported better-than-expected quarterly profits, in part driven by additional deals won for its deep-water drilling rigs at better rate, sending its shares up 8.3% at the time of reporting.. While Diamond Offshore CEO Marc Edwards was not prepared to call the bottom of the market, the news certainly bodes well for a global industry collectively looking for any light at the end of a nearly four year oil downturn turnnel. "The number of tenders has increased, albeit from a very low platform and customer inquiries have picked up, although also starting from a low base.

Chinese Shipbuilder Wins Award for Largest Heavy Lifting Vessel

Shanghai Zhenhua Heavy Industries Company has built the largest heavy lifting vessel in the world which can carry up to 12,000 tons. The vessel, which took eight years to design and build, was awarded a special prize at the 19th China International Industry Fair in Shanghai. Seen as a symbol of China's growing engineering prowess in ocean technologies, the Zhenhua 30 was previously tested in front of representatives from ABS class society, domestic and international clients and the Chinese and Korean government. In these tests, the single boom crane was able to life 7,700 tons in revolving mode and 13,200 tons when tied back. The vessel has a 12 knot transit speed and can provide accomodation for 380 people.

Shipyard Contract Cancelled

Illustration of UT 777. (Copyright Rolls-Royce Marine AS)

Ongoing uncertainty in the global offshore energy sector has claimed another casualty, as Kawasaki Heavy Industries announced that it has terminated -- in agreement with Island Navigator I KS -- the shipbuilding contract for the top hole drilling/light well intervention vessel, Island Navigator. A number of factors were cited in the decision to cease the construction, including difficulties in the engineering process and increased material costs since the signing of the contract…

Report: Merchant Ship Total Losses Tumble

There has been a dramatic reduction in the number of total losses of merchant ships since the year 2000. New statistics released today by the International Union of Marine Insurance (IUMI), which represents marine underwriters worldwide, indicate that 67 ships (of 500 gross tons and over) were total losses in 2006, compared to 140 in 2000 and a peak of 182 during the 1990s. However, this news is heavily diluted by an equally dramatic increase in serious partial losses, up by 200% since 1998. IUMI stresses these are preliminary figures for 2006 as both total and partial losses or constructive total losses can rise in the early months of this year. The 2006 losses equate to approximately 0.1% of the world fleet, compared to 0.3% in 1996 and nearly 0.5% in 1990.

Report: Merchant Ship Total Losses Tumble

There has been a reduction in the number of total losses of merchant ships since the year 2000. New statistics released by the International Union of Marine Insurance (IUMI), which represents marine underwriters worldwide, indicate that 67 ships (of 500 gross tons and over) were total losses in 2006, compared to 140 in 2000 and a peak of 182 during the 1990s. However, this news is heavily diluted by an equally dramatic increase in serious partial losses, up by 200% since 1998. IUMI stresses these are preliminary figures for 2006 as both total and partial losses or constructive total losses can rise in the early months of this year. The 2006 losses equate to approximately 0.1% of the world fleet, compared to 0.3% in 1996 and nearly 0.5% in 1990.

Jumbo Orders LNG-powered Heavy Lift Ship

(Image: Ulstein Design & Solutions B.V.)

Dutch transportation and installation contractor Jumbo said it has signed a Letter of Intent (LOI) with shipbuilder China Merchants Industry Holdings (CMIH) for the construction of a new heavy lift crane vessel (HLCV) scheduled for delivery in the first quarter of 2020. The DP2 vessel will feature dual fuel engines capable of operating on liquefied natural gas (LNG), and will be built to serve the offshore wind and the offshore oil and gas industries. “Despite the current offshore climate, we are committing to this industry long term,” said Jumbo managing director, Michael Kahn.

Boskalis Reports Record Revenue & Order Book

Dredging & maritime works specialists Royal Boskalis Westminster N.V. reports a 12% increase in revenue in first half year report 2012. Royal Boskalis Westminster N.V. (Boskalis) reported a 12% increase in revenue in the first half of the year to EUR 1.4 billion (first half of 2011: EUR 1.25 billion). Organic revenue growth was 5%. Net profit declined to EUR 102.5 million (first half of 2011: EUR 114.1 million). Compared to the end of 2011 the order book increased and stood at EUR 3,753 million (end-2011: EUR 3,489 million). The first half year EBITDA amounted to EUR 255 million and the operating result (EBIT) equaled EUR 146 million (first half of 2011: EBITDA: EUR 277 million, EBIT: EUR 163 million).

Boskalis Intends to Buy Dockwise

The addition of Dockwise's activities to the Boskalis group will provide an extensive package of services for clients in the oil and gas sector. The new combination will be in a better position to serve clients with the optimal deployment of people and equipment under increasingly complex circumstances worldwide. Combining the vessels of Dockwise with the project management expertise and engineering know-how of Boskalis will also enable a fast track implementation of the strategic ambition to execute Transport & Installation (T&I) projects. The two companies are currently jointly tendering for a large T&I project in Australia. Furthermore…

Nicolaisen Joins TWG

TWG said that Kirk Nicolaisen has joined its sales team, taking on the role of Offshore Energy Account Manager. Kirk is based out of Gulfport, Mississippi, and brings more than 16 years of experience developing business and serving customers in the offshore energy market. Kirk has a B.S. in Mechanical Engineering and has extensive experience specific to winches and offshore equipment. In this position, Kirk will be managing sales and growth within our offshore energy accounts for all brands of TWG. TWG is committed to developing our technical and customer support team to expand our presence in the offshore market, and is excited by the strength Kirk bring to the company.

Maritime Reporter Magazine Cover May 2018 - Marine Propulsion 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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