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Friday, January 19, 2018

Offshore Energy Services News

Jaya Welcomes New President to Offshore Division

Max Hartvigsen has been appointed by Jaya Holdings Ltd. as the organization’s new President of the Offshore Division, effective immediately. Max will report directly to the Chief Executive Officer and will be responsible for business development, profit and loss for the fleet of owned and chartered vessels, and operational excellence of the fleet, including technical management, operational requirements and client management. Hartvigsen holds a Masters of Science in Shipping, Trade and Finance from the City University London, a Master Maritime Course from Vestfold University College, Norway, and a Bachelors of Science of Nautical Studies (Captain’s Degree).

New CEO, Co-CEO to Lead MHI Vestas Offshore Wind

Photo: Vestas Wind Systems A/S

Mitsubishi Heavy Industries (MHI) and Vestas Wind Systems (Vestas) have appointed Philippe Kavafyan to Chief Executive Officer (CEO) and Lars Bondo Krogsgaard to Co-Chief Executive Officer (Co-CEO) of MHI Vestas Offshore Wind. The appointments will take effect on 1 April, 2018, and are made in accordance with the joint venture agreement's principle of changing its leadership every four years. Under the leadership of out-going CEO Jens Tommerup and Co-CEO Tetsushi Mizuno, MHI Vestas Offshore Wind has established itself as a leading player in offshore…

Seacor Announces JV with Cosco Shipping Affiliates

File photo: SEACOR Marine

Offshore services vessel operator SEACOR Marine Holdings Inc. said it has formed a jointly owned company with affiliates of the world’s largest ship owner, COSCO Shipping Group. The Marshall Islands company, SEACOSCO Offshore LLC, entered into contracts for the purchase of eight Rolls-Royce designed new construction platform supply vessels (PSV) from COSCO Shipping Heavy Industry (Guangdong) Co., Ltd. Six of the PSVs are of UT 771WP design (4,400 tons deadweight), and two are of UT 771CD design (3,800 tons deadweight).

Singapore Offshore Company's Executive Appointment

Photo credit Jaya Holdings

Jaya Holdings appoints George Horsington as the company’s first President for Business Development. Jaya Holdings is a leading Offshore Energy Services Group, headquartered in Singapore. The Jaya Group provides a wide range of services and solutions to the offshore oil and gas E&P domain. Mr Horsington, 38, is set to join Jaya on September 6, 2012 after more than 10 years in various senior management positions with Swire Pacific Offshore Operations. The new position is an executive…

Seabulk International Posts Third Quarter Results

Seabulk International, Inc. 2001. current quarter were up 10% from $81.6 million a year ago. services business and its domestic tanker business. Revenues from Seabulk Offshore, which operates a fleet of 142 offshore energy support vessels, rose 31 percent year-over-year to $51.1 million from $39.1 million and accounted for 57 percent of total revenues. Operating income from Seabulk Offshore totaled $13.0 million, a nearly three-fold increase from $4.6 million a year ago. Utilization was 83% against 90% in the second quarter and 76% in the year-earlier quarter. quarter and 86 percent in 2000. second quarter and 85 percent a year ago. rates firmed while utilization remained steady. third quarter of 2000, when they operated an additional tanker which has since been scrapped.

Subsea Contracts Galore for Ezra

Ezra Holdings announces multiple contracts, worth + US$160-million, for its subsea, offshore & energy services divisions. Ezra divisions, EMAS AMC, EMAS Marine and EMAS Energy have been awarded multiple contracts for projects in the North Sea and Asia Pacific. The average tenor for all contracts is approximately 2.6 years including options. EMAS AMC has been awarded several new contracts and options worth up to US$85 million in aggregate for several projects in the North Sea and Asia. This includes a project with an oil major in the Asia Pacific region worth up to US$45-million. Other awards include a new subsea and moorings installation…

Op/Ed: DPP a Benchmark Toward US Energy Dominance

© kesterhu / Adobe Stock

National Ocean Industries Association (NOIA) president Randall Luthi comments on the U.S. Department of the Interior’s (DOI) 2019-2024 National Offshore Oil and Gas Leasing Draft Proposed Program, which seeks to open nearly all U.S. offshore waters to oil and gas drilling. With 94 percent of our nation’s outer continental shelf (OCS) currently and unnecessarily off limits to oil and gas leasing and exploration, NOIA welcomes the bold and broad offshore leasing proposal released January 4 by the Department of the Interior.

Seabulk International Elects Thyssen as VP

Seabulk International, Inc. announced the election of Hubert E. Thyssen as Corporate Vice President, effective immediately. Thyssen, who joined the company in 1997 when it acquired the 36-vessel Care Offshore fleet of Nyon, Switzerland, will continue to serve in his capacities as Senior Vice President of International Marketing for the 133-vessel Seabulk Offshore fleet and as Managing Director of Seabulk Offshore's operations in West Africa, Europe and South America. "Hubert Thyssen is a well-known figure in the international oil services industry and a premier marketer," commented Chairman, President and Chief Executive Officer Gerhard E. Kurz.

Seabulk Offshore Appoints Gray as VP

Seabulk Offshore has appointed Gerald A. Gray as Senior Vice President-International, effective immediately. Gray is responsible for Seabulk Offshore's operations in overseas markets, including West Africa, the Middle East, and Southeast/Southwest Asia. He reports to Hubert E. Thyssen, corporate vice president and the managing director of Seabulk Offshore International. Gray has extensive experience in the offshore marine business, recently completing a 30-year career with the group of businesses now known as Tidewater Inc. and certain of its acquired companies. Over the past several years, he has served in management positions for Tidewater's offshore operations in the Middle East, India, Southeast Asia, and Nigeria. Larry D.

Seacat Services Invests In New Vessels

Offshore energy support vessel operator Seacat Services has placed an order for up to four new vessels with local boat builder South Boats IoW. The DNV-GL class-certified next generation 23- and 27-meter catamarans have been specifically designed to cater for the changing needs of European offshore projects. As the offshore wind industry matures, the expectations of developers and operators regarding energy support vessel availability, reliability and passenger comfort, are continuing to grow. In established markets, such as the U.K. and Germany, larger, deepwater projects are commencing construction, and the latest 27-meter vessel, Seacat Enterprise, will provide a new platform with which to serve these projects.

Jaya Secures Long Term Charter for Vessel Under Construction

Offshore energy services provider Jaya Holdings Ltd. announced the long term charter of its first high-specification Multi-Purpose Maintenance and Accommodation Vessel (MPMAV) Jaya Privilege. This vessel is one in a range of sophisticated service vessels that Jaya is designing and building for its target markets, the company said. Jaya Privilege is expected to be delivered in June 2015 and construction is now underway. Jaya Privilege has more than 800 square meters of clear deck space, fire fighting capability and dynamic positioning to DP-2 class. The vessel has accommodation for up to 239 people on board, including workout equipment and an internet café and an electrohydraulic lattice boom crane with a lifting capacity of 50MT with man riding capability.

Norway Awards 75 Oil Exploration Licenses

© Marius Dobilas / Adobe Stock

Norway's energy ministry has awarded 75 offshore exploration blocks to oil companies in a so-called predefined areas (APA) licensing round, handing out acreage to 34 firms, of which 19 got at least one operatorship, it said on Tuesday.   A total of 39 firms had applied for the offered acreage, up from 33 companies that applied in the previous round a year ago, when the ministry awarded 56 exploration licenses. (Reporting by Nerijus Adomaitis and Joachim Dagenborg, editing by Terje Solsvik)

Maersk Supply Service Wins Contract With Quadrant Energy

Photo: Maersk Supply Service

Maersk Master and Maersk Mariner, Maersk Supply Service’s two first Starfish-class anchor handling vessels built in 2017, will be on contract with Quadrant Energy in Western Australia, commencing March 2018. Both vessels will support Quadrant Energy’s Phoenix South and Van Gogh drilling campaign which will initially cover three wells for a duration of 150 to 200 days. The highly modern and efficient vessels will be supporting Transocean’s semi-submersible rig DD1 with supply and anchor handling duties throughout the campaign. “Quadrant Energy is an important customer.

Incat Crowther to Build a 63-ft Monohull Crewboat

Incat Crowther announced a contract to design a 63-ft Monohull Crewboat to be built by VeeCraft Marine in South Africa. The vessel is characterized by its large foredeck, which has 27sqm of cargo space. The bow features a passenger boarding area for safe and efficient transfers to offshore factilites. A dedicated passageway is located to the port side, directly accessing the main passenger cabin. This cabin has comfortable seating for 25 passengers, and a bathroom. There is a rescue zone situated over the large aft platform. Below decks, the vessel has 4 crew berths, a galley and mess and a bathroom. The vessel will be powered by a pair of MAN 284 LE 413 main engines, each producing 1000hp @ 2100 rpm.

Subsea 7 offer for Seaway Heavy Lifting

Courtesy Subsea 7 S.A.

Subsea 7 S.A. announced that one of its wholly owned subsidiaries has made an offer to acquire the 50% shareholding in Seaway Heavy Lifting Holding Limited currently owned by K&S Baltic Offshore (Cyprus) Limited. The terms of the offer are binding on Subsea 7 until 1 July 2017. During this period the Works Council representing the employees of Seaway Heavy Lifting in the Netherlands will be consulted in compliance with Dutch law. Jean Cahuzac, CEO, said: "Subsea 7's strong market…

Seacat Set for Offshore Wind Rush

Courtesy Seacat Services

9th January 2017, Isle of Wight – Class-leading offshore energy service vessel (OESV) operator, Seacat Services, has invested heavily in its operational team and logistical support infrastructure, based on the Isle of Wight. Ahead of the major offshore wind construction phase beginning in April this year, the business has moved into a new purpose-designed headquarters in Cowes and continued to strengthen its support team. The investment represents a further commitment to supporting local industry on the Isle of Wight…

Norway: We Must Prepare for Arctic Oil Race with Russia

© ggw / Adobe Stock

Norway must identify potential offshore oil and gas reserves near its northern maritime border with Russia to better protect its economic interest in the remote Arctic region, energy minister Terje Soeviknes said on Wednesday. The two countries agreed in 2010 to split previously disputed areas of the Barents Sea between them, allowing each to exploit resources hidden beneath the seabed. An increase in drilling activity on the Russian side of the border should lead Norway to push its own agenda, the minister said. "We need to start the discussion about what to do in the far north.

LAGCOE Announces 2013 Officers

Louisiana Gulf Coast Oil Exposition (LAGCOE) appointed its 2013 officers, according to LAGCOE Executive Director Angela Cring. Kirby Arceneaux has been named 2013 LAGCOE Chairman. Since 2001, Arceneaux has been an active contributor to the success of LAGCOE, serving continuously in leadership roles on Public Relations, Exhibit Judges and Executive Committees as well as serving on the Board of Directors. Arceneaux is Chairman of Environmental Drilling Solutions, LLC, a solids control/waste management firm based in Lafayette, La., with operations in many of the shale plays across North America. Prior to this, Arceneaux was President of Wellbore Energy Solutions…

BW Offshore Gets Contract Extension for FPSO Polvo

BW Catcher . Photo: BW Offshore

BW Offshore has signed an agreement with Petrorio for a one-year extension for the lease and operation of the FPSO Polvo. The firm period has been extended to Q3 2019 (from Q3 2018), with options until Q3 2022. The company has also announced that BW Catcher FPSO received the First Oil Certificate following the successful completion of the 72-hour interim performance test subsequent to the introduction of hydrocarbons on 23rd December 2017. BW Catcher FPSO is owned and operated by BW Offshore and the First Oil Certificate confirms the commencement of a seven-year fixed term contract…

Jaya Wins $60 million in Long-term Charters

Offshore energy services provider Jaya Holdings Ltd. announced that the Group has signed contracts for three of its four newbuild platform supply vessels (PSVs) ahead of their delivery dates from the shipyard. The total value of these three contracts is more than $60 million, including optional extension periods. Jaya’s first high specification PSV Jaya Valour will deliver at the end of July and has been fixed into a time charter contract for up to three years in South East Asia with an existing customer undertaking fracturing work. Jaya Valour has more than 1,000 square meters of clear deck space, fire fighting capability and dynamic positioning to DP-2 class. The vessel has accommodation for up to 60 people on board including workout equipment and an internet café.

New Jaya Multi-Purpose Platform Supply Vessel Delivered

MPSV Jaya Vigilant (Photo: Jaya)

Leading offshore energy services provider, Jaya Holdings Limited confirmed the on-time delivery of its second new Multi-Purpose Platform Supply Vessel (MPSV), Jaya Vigilant. She sailed from Jaya’s shipyard in Batam yesterday and was immediately on hire by its charterer for a term program in East Africa. The vessel will load a Remotely Operated Vessel (ROV) spread and mobilize across the Indian Ocean to load further subsea equipment for the client in Durban in October. “[Jaya Vigilant] has a 50 ton subsea crane with active heave compensation for service in water depths of up to 3…

ABS Approves Hyundai Heavy's FPSO Hull Design

Photo: ABS

South Korean shipbuilder Hyundai Heavy Industries (HHI) has received an Approval in Principle (AIP) for its floating production storage and offloading (FPSO) hull design from classification society ABS. “As the offshore industry strives to design more cost-effective production units, ABS remains committed to evaluating novel designs that meet our class standards,” says ABS Executive Vice President, Global Offshore Ken Richardson. “The Newbuilding Conversion FPSO hull design can be built for about half the cost as compared to a conventional FPSO hull…

SBM Offshore Hands over FPSO Turritella to Shell

Turritella (Photo: Shell)

SBM Offshore said it has completed the transaction related to the sale of floating production storage and offloading (FPSO) vessel Turritella to Shell E and P Offshore Services B.V.   Shell exercised an option to purchase the FPSO from SBM Offshore in summer 2017.    The Turritella FPSO is contracted for the Stones deepwater development in the Gulf of Mexico, which began production in 2016.   The vessel has a daily production capacity of approximately 60,000 barrels of oil and 15 million cubic feet of natural gas.

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