Garware Offshore Receives New PSV
Garware Offshore Services Ltd announced that it has taken delivery of a newbuild PSV, Kamet, which was built by Havyard Leirvik in Norway. The vessel, which is a UT 755L with clean notation, DP1 and FiFi1 left Norway recently and is due in India by the third week of June 2007. The vessel will be deployed with Oil and Natural Gas Corporation Ltd on a five year contract. (Source: www.oilpubs.com)
Shell Arrange for FPSO Vessel Conversion
SBM Offshore receives interim award for Fram FPSO from Shell under framework agreement SBM Offshore announces that it has received a letter of interim award (LOIA) from Shell for the supply, lease and operation of a FPSO for the Fram field in the UK sector of the North Sea. The LOIA allows SBM Offshore to commence engineering and procurement of long lead items to ensure timely completion of the planned Fram FPSO project, which is subject to a final investment decision. The hull of the FPSO will be based on a converted Aframax tanker and will incorporate an internal turret permanent mooring system. The crude will be offloaded to shuttle tankers and the gas exported via the existing Fulmar pipeline.
Audacia: Innovation at Great Depths
The offshore vessel, the Audacia, is set to sail soon. With a length of 738 ft. (225 m), the Audacia is a deep-sea pipelay vessel that can be qualified as large to gigantic. It is the first vessel that lays out the pipeline over the bow. Two years of conversion preceded its May 8 christening. During that time, Imtech Marine & Offshore among others converted a huge bulk carrier into an advanced offshore vessel: a superb performance in terms of the time it took to complete the project and the application of innovative techniques. Imtech Marine & Offshore received the commission from Allseas, a leader in the installation of offshore oil and gas pipelines. In a partnership with GTI, the complete installation was projected and completed with 300,000 manhours.
Rig Accommodation Below Par for New Danish Requirements
Northern Offshore receives Maersk Oil & Gas notification that rig 'Energy Endeavour' will be released from contract on May 1, 2013. The rig's accommodation unit does not meet new Danish Energy Authority requirements and its replacement is not commercially viable for either party. Gary W. Casswell, Northern Offshore's president and CEO, said, "We sincerely appreciate that Maersk have given us very early notice of release of the Energy Endeavour, as it will allow us approximately six months to re-contract the rig in a very tight market.
Jackson Offshore Receives Minority Certification
Lee Jackson, President and CEO of Jackson Offshore LLC, a provider of high specification crewboat services in the U.S. Gulf of Mexico, announced the company’s recent certification as a minority business in the state of Louisiana. Jackson Offshore was formed in part to provide dedicated crewboat services to major oil and offshore service companies wishing to contract with companies involved in the reinvestment and rejuvenation of southern Louisiana and especially New Orleans. The company is based in downtown New Orleans and is similarly dedicated to advancing minority participation in the US offshore marine industry. In addition to Lee Jackson’s majority ownership, Jackson Offshore is also comprised of equity partners Rigdon Marine Corporation, a U.S.
Horizon Offshore Receives Southeast Asia Contract
Horizon Offshore, Inc.’s subsidiary, Horizon Marine Construction, Ltd., has been awarded a contract by Brunei Shell Petroleum Company Sdn. Bhd (BSP) to perform several installations off the coast of Brunei, beginning the second quarter of 2003. Services provided by Horizon will include project management and installation of a four-pile jacket, drilling deck, two 880-ton compressor modules, and living quarters. In addition to the structural work, Horizon will provide the installation, tie-in, and gauging and testing of several pipelines ranging from 10 to 20 inches in diameter in various water depths including a beach approach. "Horizon is pleased to be awarded a contract of this magnitude in Asia and looks forward to developing a long-term relationship with BSP.
Diamond Offshore Receives MMS National SAFE Award
Diamond Offshore Drilling Inc. has been named the recipient of the U.S. Department of Interior's Minerals Management Service (MMS) 2001 National SAFE Award (Safety Award for Excellence) for Drilling Contractors. The award, which recognizes outstanding performance in safety and environmental protection, is presented annually to one company in each of four categories: operator with high activity, operator with moderate activity, drilling contractor and production contractor. Drilling contractors are made finalists for the MMS National Award by winning District Safe Awards from the MMS. For 2001, Diamond Offshore was awarded three of the five Gulf of Mexico District SAFE Awards for drilling contractors.
Songa Dismisses DSME Claim
Norway's Songa Offshore SE referred Tuesday to its announcement July 15 regarding the receipt of notices of arbitration from South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) in respect of the construction contracts for the Cat D rigs. On November 16, 2015, Songa Offshore received claim submissions from DSME related to Songa Equinox, the first Cat D rig, in which DSME asserts a claim of USD 179 million, along with a request for repayment of liquidated damages in a total amount of USD 22 million.
LNG's March to the Sea
The LNG industry is beginning to move offshore, in part as a defensive tactic to avoid the safety and security concerns of local citizens to shore-based terminals and, in part, as an offensive move to access more gas reserves and possibly gain manufacturing and scale efficiencies. Project developers and the engineering contractors and equipment manufacturers that support them are working out the technical challenges of marinizing liquefaction, storage, loading, unloading and regas systems. "Moves to offshore facilities will change the economics of LNG project development," said Bob Nimocks, president of Zeus Development Corporation.
Diamond Offshore Receives Ocean Baroness
Diamond Offshore Drilling Inc. reported net income of $22.6 million, or $0.17 per share on a diluted basis, on revenues of $193.7 million for the first quarter of 2002, compared to net income of $36.8 million, or $0.27 per share on a diluted basis, on revenues of $205.2 million for the first quarter of 2001. Diamond Offshore also announced the delivery of the "Ocean Baroness," an ultra-deepwater upgraded semisubmersible, which began its short term contract with Murphy Sabah Oil Co. Ltd. offshore Malaysia in March 2002. Baroness has been upgraded for operations in excess of 7,000 ft. for development and extended reach drilling. The cost to complete the ultra-deepwater upgrade of the "Ocean Baroness" rig was approximately $170 million.
BW Offshore Gets Contract Extension for FPSO Polvo
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…
ABS Approves Hyundai Heavy's FPSO Hull Design
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…
New CEO, Co-CEO to Lead MHI Vestas Offshore Wind
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…
SBM Offshore Hands over FPSO Turritella to 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.
VOS Stone Equipped with Ampelmann W2W Gangway
Vroon Offshore Services and Ampelmann have joined forces to deploy a Walk to Work (W2W) solution for the Arkona offshore wind farm, located in the German Baltic Sea. Vroon’s VOS Stone vessel, the newest addition to its offshore-support fleet, will be mobilized with an Ampelmann A400 gangway system. The gangway, launched in 2017, will be utilized for the first time for W2W operations during array cabling work and commissioning of the Arkona offshore wind farm. The A400 gangway system…
G E Shipping Sells Supramax
India’s largest private sector shipping company Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2003 built Supramax Dry Bulk Carrier Jag Rahul of about 52,364 dwt. G E Shipping said that the vessel will be delivered to the new buyer in Q4 FY 2017-18. The Company’s current fleet (including Jag Rahul) stands at 48 vessels, comprising 32 tankers (12crude carriers, 17 product tankers, 3 LPG carrier) and 16 dry bulk carriers (1 Capesize, 8 Kamsarmax, 7 Supramax) with an average age of 10.24 years aggregating 3.93 mn dwt.
MOL CEO Optimistic on 2018
President & CEO of Mitsui O.S.K. Lines Junichiro Ikeda says that his company is strongly determined to shape the future of the industry. Looking at the shipping market, conditions were mixed across businesses, with firm conditions in dry bulkers but weaker trends in tankers, for example. A full-scale recovery is still in the making. "Amid suboptimal shipping market conditions, we expect to finish fiscal 2017 with results largely in line with our initial forecasts, as steady operational enhancements and efforts on the sales frontline come to fruition," he said.
Jumbo Orders LNG-powered Heavy Lift Ship
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.
Pankaj Khanna Appointed As CEO of Ocean Rig
Pankaj Khanna has been appointed as President and Chief Executive Officer of Ocean Rig UDW, a global provider of offshore deepwater drilling services, effective January 1, 2018. Khanna is 47 years old with 29 years of varied experience in the maritime & offshore industry. He last served as Chief Executive Officer of Pioneer Marine Inc, a drybulk company that he founded in 2013. Prior to his position at Pioneer Marine Inc Khanna served as Chief Marketing Officer at Ocean Rig UDW Inc. from January 1, 2012 to October 2, 2012. Mr. Khanna served as the Chief Operating Officer of DryShips, Inc.
ABS Grants AIP to DSLB150 Self-Elevating Unit
ABS, the leading provider of classification and technical services to the global offshore industry, granted Approval in Principle (AIP) to Dalian Shipbuilding Industry Co. (DSIC) for its Self-Elevating Unit Design (DSLB150), in accordance with the applicable requirements of ABS Rules for Building and Classing Mobile Offshore Drilling Units 2017. The unit also meets IMO Resolution A.1023 (26) “Code for the Construction and Equipment of Mobile Offshore Drilling Units, 2009”. “Novel designs that drive efficiency play a key role in the offshore sector…
Triyards Loses Two Shipbuilding Contracts
Triyards Holdings, the offshore marine division of Ezra Holdings, has swung deep into the red following the termination of two shipbuilding contracts worth some $51 million. "The Board of Directors of Triyards Holdings wishes to announce that its wholly owned subsidiary, Saigon Offshore Fabrication and Engineering Limited, has received notices of termination of the two shipbuilding contracts dated 26 June 2015 and the addendum dated 10 May 2017 for the design and construction…
Bourbon, Bureau Veritas Partner on Digitalization
Under a new strategic partnership agreement, French offshore services firm Bourbon and testing, inspection and certification services provider Bureau Veritas will develop and deploy new digital technologies, including solutions for automation, real time fleet monitoring and mitigating cyber risks. For dynamic positioning systems in particular, the partnership will aim to deliver advanced automation of to enable real-time advisory tools for bridge operators and remote support for onshore teams…
Op/Ed: DPP a Benchmark Toward US Energy Dominance
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.