Vietnam Renews India Oil Deal In Tense South China Sea
Vietnam has extended an Indian oil concession in the South China Sea and begun drilling in another area it disputes with China in moves that could heighten tensions over who owns what in the vital maritime region. The moves come at a delicate time in Beijing's relations with Vietnam, which claims parts of the sea, and India, which recently sent warships to monitor the Malacca Straits, through which most of China's energy supplies and trade passes. Vietnam granted Indian oil firm ONGC Videsh a two-year extension to explore oil block 128 in a letter that arrived earlier this week, the state-run company's managing director Narendra K. Verma told Reuters.
Maersk Reaches Key North Sea Tax Deal with Denmark
Shipping and oil company A. P. Moller-Maersk on Wednesday reached an agreement with the Danish state that means it will pay less tax on its North Sea oil and gas activities through 2025. The deal, which has been under negotiation for months, makes it viable to redevelop the Tyra field through which 90 percent of Denmark's gas production is processed, and it is seen as crucial for the Danish company that is seeking to spin off its energy assets via a listing or merger. Maersk and its partners in the Danish Underground Consortium (DUC) -- Shell…
Op/Ed: Opportunities for US Shipyards in 2017 and Beyond
SCA’s Matt Paxton weighs in on the state of domestic shipbuilding – workboat building & everything in between. As President of the Shipbuilders Council of America, the national trade association representing the U.S. shipyard industrial base, we are constantly evaluating the status of the nation’s commercial vessel building and repair base. American shipyards continue to build to the highest standards for diverse range of customers. These vessels built by American workers go on to serve an integral part to our national economic well-being and basic security responsibilities.
BSEE Director Brian Salerno Weighs in on Offshore Ops
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…
GoM Operators Evacuating Ahead of Storm
Offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs in the path of Tropical Depression No. The Bureau of Safety and Environmental Enforcement (BSEE) said its Hurricane Response Team is activated and monitoring the operators’ activities, and will continue to work with offshore operators and other state and federal agencies until operations return to normal and the storm is no longer a threat to Gulf of Mexico oil and gas activities. Based on data from offshore operator reports submitted as of 11:30 a.m.
BOEM's Public Meetings Rescheduled
The Bureau of Ocean Energy Management (BOEM) is holding meetings to seek public input on the Draft Programmatic Environmental Impact Statement that analyzes potential impacts of oil and gas activities that could result from lease sales scheduled in the 2017-2022 Five Year Program for Outer Continental Shelf (OCS) Oil and Gas Leasing. Public meetings provide an opportunity for people to learn more about the Five Year Program and the potential impacts of oil and gas leasing. Attendees can have one-on-one conversations with BOEM scientists…
Reintjes: Changing Gears
Reintjes is a name known well in maritime circles, a German engineering and manufacturing company which has designed and built some of the most rugged gearboxes on the waterways. Klaus Deleroi took the helm at Reintjes in January 2015, and he is in the midst of steering a change in mindset at the company: a mindset that is more customer-centric to better understand and fulfill the needs of the people and companies that own and operate vessels. We met with Deleroi in his Hameln, Germany, HQ for insights on the path ahead.
Vroon Laying up 12 OSVs
The Netherlands-based Vroon Offshore Services has decided to pull 12 offshore-support vessels out of operation, saying the move is a “direct result of the ongoing slump in offshore oil and gas activities”. This consequently means it will also reduce the number of onboard positions. The company said that from the fourth quarter of 2015 onwards, five platform-supply vessels and seven emergency response and rescue vessels (ERRV) would enter long-term lay-up. In addition, a number of older ERRVs are being divested for recycling purposes, Vroon has said.
NOIA Supports DOI’s Upcoming Offshore Lease Sale
National Ocean Industries Association (NOIA) president Randall Luthi today voiced his support for the U.S. Department of Interior’s (DOI) Western Gulf of Mexico Lease Sale scheduled for next week. “The call to delay next week’s Department of the Interior Western Gulf of Mexico oil and natural gas lease sale shows how out of touch with energy reality and the American people some extremist environmental groups are,” Luthi said in a statement issued today. “Due to low oil prices and increasing regulatory burden, this is not expected to be a momentous sale, but even so, the oil and gas industry will add hundreds of thousands of dollars to the U.S. Treasury.
BOEM, Geologists Partner for OCS Information Sharing
The Bureau of Ocean Energy Management (BOEM) and the Association of American State Geologists (AASG) have signed an agreement to foster interaction, cooperation and coordination on marine minerals and oil and gas resources on the outer continental shelf (OCS). Since the 1990s, BOEM and its predecessor agencies have worked with numerous state geological surveys on cooperative agreements to evaluate OCS sand resources for coastal resilience, restoration projects and planning. A national-level agreement will improve information exchange and the ability for BOEM, AASG and its members to communicate on national plans and issues with each other.
BSEE Launches Efforts to Reduce Offshore Risk
Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno made two announcements during a press conference in Houston Tuesday at the Offshore Technology Conference (OTC) - each aimed at reducing the risks associated with offshore oil and gas operations. First, Director Salerno announced the launch of the SafeOCS program, an initiative aimed at collecting and analyzing “near miss” data. Second, he released BSEE’s first-ever Annual Report, which presents the agency’s analysis of offshore activities, trends, indicators, incidents and other key data points. Salerno said BSEE is working to identify methods to learn more about the causes of all serious offshore incidents.
BOEM Proposes 10 GOM Lease Sales for 2017-2022
The Bureau of Ocean Energy Management (BOEM) proposes to conduct 10 oil and gas lease sales in the federal waters of the Gulf of Mexico (GOM), as outlined in the 2017-2022 Draft Proposed Leasing Program. BOEM published in the April 29, 2015, Federal Register, a Notice of Intent (NOI) to prepare an Environmental Impact Statement (EIS). The NOI seeks input on the scope of the 2017-2022 GOM Multi-sale EIS for these ten proposed GOM Lease Sales. These sales will not be held unless they are included in the 2017-2022 Final Outer Continental Shelf Oil and Gas Leasing Program. However, as some sales are tentatively scheduled to take place in 2017 and 2018, the BOEM must initiate preparation of the EIS before the 2017-2022 Five Year Program is finalized.
KVH Increases Mini-VSAT Broadband Network Capacity
KVH Industries, Inc. has completed several capacity increases for its mini-VSAT Broadband network to support heightened demand from customers engaged in a wide range of commercial maritime activities around the world, including offshore oil and gas, fishing, and shipping, the company announced today. Utilizing 17 satellites and 24 transponders to provide global coverage, KVH’s mini-VSAT Broadband is the most extensive C/Ku-band maritime VSAT network in the world, and is designed for rapid expansion by accessing abundant commercial satellite capacity.
Sortland Named CEO of Global Maritime Group
Global Maritime Group has appointed Peder Sortland as its first CEO. Sortland comes from the post of CEO at Apply ASA, and knows part of the group well from holding the position as chair of Global Maritime AS since April 2014. Before joining Apply in 2012, Sortland was chief executive of Ross Offshore and Subsea Technology Group. He has also managed the Norwegian unit of Subsea 7, and held the position as chair in Ocean Installer. He held a number of leading posts in the Statoil group from 1992-2010, covering upstream and downstream oil and gas activities both in Norway and internationally.
Shipbuilding: COSCO Warns of Struggle if Credit Tightens
COSCO Corp (Singapore) , part of one of China's largest shipbuilding groups, warned that its customers could struggle to pay their bills as funding costs rise, after posting sales on credit at their highest level in 11 years. The Singapore-listed subsidiary of Chinese state-owned maritime conglomerate China Ocean Shipping (Group) Company said trade and other receivables -- sales for which the company has not received cash payment -- rose more than 60 percent so far this year to S$4.7 billion ($3.7 billion). Reporting an almost 70 percent jump in third-quarter profit on Monday, the company said higher receivables reflected a rise in construction contracts in its marine engineering segment. But the company said tougher credit conditions would hurt.
SBI Offshore Negotiating Contract for Rig Builds
SBI Offshore Limited has announced that the Middle East-Chinese consortium, which recently awarded its subsidiary a contract to provide design and engineering services for a jack-up drilling rig, has commenced discussions with the SGX Catalist-listed company to build up to five units of the rig. SBI Offshore said that it had commenced negotiations with the consortium about a week after securing from the latter the $24 million contract to design a rig that will meet American Bureau of Shipping Classification (A1 Self-Elevating Drilling Unit) requirements. The consortium, whose members are involved in oil and gas activities, has indicated that the rigs will eventually be deployed in the Middle East and various parts of Asia for operation in water depths of up to 110 meters.
SBI Wins Jack-up Design and Engineering Contract
SBI Offshore Limited, which is pursuing higher-value oil and gas engineering projects, said today it has secured a $24 million contract to provide design and engineering services for a jack-up drilling rig that can operate in water depths of up to 110 meters. SGX Catalist-listed SBI Offshore said its wholly owned subsidiary, SBI O&M Pte. Ltd., signed the contract with a Middle East-Chinese Consortium which comprises six parties that have varied interests in oil and gas activities. Under the contract, SBI O&M will provide design, engineering and supervision services for a jack-up drilling rig that will meet requirements of the American Bureau of Shipping Classification A1 for Self- Elevating Drilling Unit.
DNV GL Revisits Offshore Oil & Gas Risks
In the first issue its 'Perspectives' online magazine DNV GL’s Graham Bennett points out that the Macondo incident has cast a spotlight on well control standards and the need for more consistency in training. Offshore oil and gas activities are not, by nature, inherently safe. They involve handling large amounts of pressurised hydrocarbons and other produced fluids and gases. The industry has been improving its process safety performance ever since the Piper Alpha platform incident, in which 167 men died in 1988, but it still has far to go in effectively managing major hazard risks.
New Subsea Report on Tech, Safety and Trends
DNV GL has issued the report ‘Subsea – Technology Developments, Incidents and Future Trends’ on behalf of the Norwegian Petroleum Safety Authority. “The ongoing increase in technology enhancement and the number of worldwide subsea field developments will demand greater focus on a number of issues. The report aims to raise awareness and share knowledge within safety, industry cooperation, degradation mechanisms, failure modes, monitoring, integrity management and incident-related information,” said Bjørn Søgård, DNV GL’s segment director for subsea technology. The oil and gas industry’s drive to develop more cost-efficient ways to produce, process and transport oil and gas offshore has in the past few years led to tremendous technology developments on subsea technology.
BP Reports Q1 Results; Increases Dividend
BP today announced its financial results for the first quarter of 2014. Underlying replacement cost profit1 for the quarter was $3.2 billion, compared with $2.8 billion for the previous quarter and $4.2 billion for the first quarter of 2013. Operating cash flow in the quarter was $8.2 billion. The company also announced a quarterly dividend of 9.75 cents per ordinary share to be paid in June, 8.3% higher than a year earlier. As previously advised, the Board will continue to review the level of the dividend with the first and third quarter results each year.
Industry Targets Improved Offshore Leak Detection
Leak detection is a considerable challenge facing the industry, and DNV GL has therefore taken the lead in establishing a new Joint Industry Project (JIP). Twenty key industry players are partnering to develop a best practice for designing and implementing offshore leak detection systems. Over the last few years, following several oil releases, there has been an increasing focus by both operators and authorities on the environmental impact related to offshore oil and gas activities.
Uniwise Buys NAUTIS Simulator for OSV Training
For training of Offshore Supply Vessel (OSV) activities within their fleet, Uniwise Offshore Thailand purchased a NAUTIS Offshore Supply Vessel Simulator and Instructor Station. The simulator was delivered and installed by VSTEP at the Uniwise Offshore training center in Songkhla. Uniwise Offshore owns and operates the largest crew boat fleet in the Gulf of Thailand, supporting the Kingdom’s offshore oil and gas activities. The Songkhla training center plays a key part in the company strategy to develop, train and retain competent Thai crew. The Songkhla base houses the main technical center of excellence, with an engine maintenance facility essential for high crew boat up-time, a large warehouse for critical spares and mentioned training center, through which all crews must pass.
Olgoonik/Fairweather Wins BOEM Contract
Olgoonik/Fairweather, LLC, in conjunction with a team of scientists from the University of Alaska Fairbanks, the University of Texas at Austin, the Florida Institute of Technology, Battelle Memorial Institute and Kinnetic Laboratories, Inc., has been awarded the Bureau of Ocean Energy Management (BOEM) contract to continue environmental monitoring research in the Beaufort Sea. The project is titled Arctic Nearshore Impact Monitoring in the Development Area (ANIMIDA III). ANIMIDA…