Oil Field News

27 May 2020

Photo: Johan Castberg Anchor System Installation Underway

Photo by Benjamin Silden

Norwegian offshore vessel contractor Island Offshore has shared photos of what it says is one of the most comprehensive anchoring projects globally in 2020 - the installation of an anchor system for Equinor's Johan Castberg project in the Barents Sea, offshore Norway."An anchor system of enormous dimensions is currently being deployed at the oilfield, and Island Victory [installation vessel] is chartered for the job. This is one of the most comprehensive anchoring projects globally in 2020…

11 May 2020

SWS Shipyard Delivers Two Platform Suppliers for COSL

Image Credit: Ulstein

Shanghai-based SWS shipyard has delivered two newbuild platform supply vessels to Sinoocean.The vessels the 'Guo Hai Min Xing' and the 'Guo Hai Min Sheng' -  both of the ULSTEIN PX121 design - are operating for COSL – China Oilfield Services Limited, with whom they have a long-term charter.Two more vessels of the same design at SWS (Shanghai Waigaoqiao Shipbuilding Co., Ltd.), have completed their sea trial and will also be delivered to COSL shortly, according to schedule, Ulstein, the vessel designer, said Monday. The owner of all four vessels is Sinoocean. Image Credit: Ulstein

11 May 2020

Guyana's Liza Phase 2 on Track for First Oil in 2022

SBM Offshore’s Liza Unity hull recently arrived at Keppel yard in Singapore from China. Photo credit Lim Weixiang/SBM Offshore

Liza Unity, an under-construction FPSO that will be Guyana's second offshore facility in production, remains on schedule for first oil in 2022, Hess Corp. said Thursday.Guyana became an oil-producing nation in December 2019, when Exxon brought online the Liza Destiny FPSO.Hess, a partner in the ExxonMobil-operated Stabroek block the Liza Destiny is operating, said Thursday that Liza Destiny would reach full capacity of 120,000 gross bopd in June. Hess also said that Exxon has…

21 Apr 2020

US Crude Futures Plunge to Lowest on Record

© Grispb / Adobe Stock

U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel as desperate traders paid to get rid of oil.Brent crude, the international benchmark, also slumped, but that contract was nowhere near as weak because more storage is available worldwide.While U.S. oil prices are trading in negative territory for the first time ever, it is unclear whether that will trickle down to consumers…

14 Apr 2020

Saipem Takes Over Norce Endeavour Vessel

DLB Norce Endeavour - Credit: Solstad Offshore

Italian oilfield services provider Saipem has taken delivery of the DLB Norce Endeavour lay pipe barge from Solstad Offshore.As previously reported, following a charter period, Saipem in March elected to buy the vessel from Solstad.The vessel was delivered to Saipem Portugal Commercio Maritimo Limitada, the Portuguese subsidiary of the Italian oilfield services provider Saipem, has signed a deal with Solstad Offshore to hire DLB Norce Endeavour lay pipe barge, with an option to buy.DLB Norce Endeavour is a 146 meters long lay barge vessel…

29 May 2020

Allseas' Pioneering Spirit Vessel to Remove Valhall Platforms

Pioneering Spirit safely removed the 3,800 t QP topsides in June 2019 and will return to remove the DP and PCP platforms and connecting bridges - Image Credit: Allseas

Offshore installation and decommissioning firm Allseas has won a contract to remove three complete offshore platforms and two jackets in Norway for Aker BP.The company said on Wednesday that Aker BP had awarded it a deal for the removal and disposal of multiple topsides and jackets from the Valhall area in the Norwegian North Sea. Allseas will use its flagship Pioneering Spirit heavy lift vessel for the job.Work comprises removal and disposal of the Drilling Platform (DP) 5,950 t topsides and 4…

07 Apr 2020

North Sea FPSO Shut Down Due to Coronavirus Case Aboard

Hummingbird Spirit FPSO - Image Credit: Spirit Energy

Production from the Hummingbird Spirit FPSO operating at the Chestnut field in the UK sector of the North Sea has been shut down after a coronavirus case has been confirmed aboard.It was initially understood that there has been one confirmed case, and one subsequent suspected case on the FPSO and that production has been temporarily shut-in. The Teekay-owned FPSO is located at Spirit Energy-operated Chestnut offshore oil field.A Spirit Energy spokesperson said the company was working…

18 Mar 2020

Rewrite the Rules: The Path to Zero Emissions

First-of-its-kind cargo vessel Captain Ben Moore delivers local produce and food across Long Island Sound. Built by Derecktor Shipyards, the aluminum catamaran is powered by two Cummins QSB 6.7 diesels, and lithium batteries connected to a pair of BAE Systems HybriDrive electric motors.  (Credit: Harbor Harvest)

With social media updates and conference agendas addressing the subjects of climate change, emissions reductions and alternative fuels, it’s a wonder we are not climbing the Himalayans in search of the Jedi Master that will provide us with the magic potion. Yoda’s blessing with a calming breath, “You have chosen wisely.”Government emissions intervention started with a move to reduce energy and fuel consumption measured in greenhouse gas (GHG), at a time when the world and our politicians spoke about global warming.

18 Mar 2020

Lankhorst Deepwater Mooring Lines for Liza Unity FPSO

SBM Offshore Liza Unity FPSO. Photo credit: SBM Offshore.

Lankhorst Offshore reports it has been awarded a contract by SBM Offshore to supply the deepwater mooring lines for the Liza Unity Floating Production Storage and Offloading (FPSO) for ExxonMobil’s Liza oil field offshore Guyana, South America. This follows the deployment of Lankhorst mooring lines for the Liza Destiny FPSO mooring system also in the Liza field.The Liza Unity FPSO, based on SBM Offshore’s Fast4Ward FPSO design, will be spread moored at a water depth of 1,600m with 20 Cabral 512 deepwater mooring lines with a minimum breaking strength of 12,300 kN.

13 Mar 2020

Saipem Buys Solstad's Norce Endeavour Vessel

DLB Norce Endeavour - Credit: Solstad Offshore

Italian oilfield services company Saipem has agreed to buy Solstad Offshore's lay barge vessel DLN Norce Endeavour.Saipem had in December 2019, chartered the vessel from Solstad Offshore. The charter included an option for Saipem to acquire the vessel."Saipem has now decided to declare the purchase option for DLB Norce Endeavour. Delivery of the vessel to Saipem is scheduled to April 2020," Norway-based Solstad Offshore said Friday.Solstad did not disclose the sale price of the vessel.

12 Mar 2020

Offshore Oil Rig Infection Exposes Coronavirus Dangers

Martin Linge platform: Image by Jan Arne Wold / Woldcam - Copyright: Equinor

Equinor reported the oil industry's first coronavirus infection on an offshore installation on Wednesday, highlighting the challenge in preventing contamination for thousands of workers living in the close quarters on rigs and platforms.A worker was in isolation on the Norwegian energy firm's Martin Linge oil and gas platform off Norway where production is due to start at the end of this year, the company said. It said it would cut activity at the field, but personnel would remain at installations…

03 Mar 2020

SHI Wins $314M Orders for 3 Shuttle Tankers

Image: Samsung Heavy Industries

South Korean shipyard giant Samsung Heavy Industries (SHI) has won a 361.1 billion won ($314.4 million) deal to build three shuttle tankers in Asia.The shipbuilder disclosed in a regulatory filing that Suezmax shuttle tankers will be delivered to the unnamed Asian shipper by July 2022.A shuttle tanker is a ship designed to transport oil from an offshore oil field to a storage tank and is equipped with a variety of offloading equipment.Samsung Heavy said it is the leading player in the global shuttle tanker market…

24 Feb 2020

Hybrid drives: Siemens sends in the machines

A robot’s battle against emissions: Siemens articulated robots of different sizes assemble battery stacks at Trondheim, Norway. 
Credit: William Stoichevski

Encouraged by the success of a hybrid drives program, Siemens is going all out in Norway to automate production of that core marine energy storage enabler, the lithium battery. Offshore service vessel charterers, rig owners, ferry operators and ship owners are the target market. Trondheim’s technical university and a recent history of hosting battery makers and system integrators has made it launchpad for new applications involving the new BlueDrive Plus C drives and batteries.Siemens’ Norwegian head of strategy and business development…

03 Feb 2020

Russia Leads E&P Race in Arctic Region

Image: GlobalData

Russian and Norwegian exploration and production (E&P) operators have been expanding their operations in the Arctic continental shelf, which is estimated to hold vast deposits of hydrocarbons and rare earth minerals.Warming temperatures in the Barents Sea and northern coastline of Russia are giving an added impetus to resource development in this region, according to GlobalData.GlobalData's report, ‘Arctic Exploitation’, discusses how Russia is keen on hydrocarbon appraisal and…

26 Jan 2020

IOOC Launches First PIMS

Image: Iranian Offshore Oil Company

Iranian Offshore Oil Company (IOOC), a subsidiary of the National Iranian Oil Company, has successfully launched its first offshore pipeline integrity management system (PIMS) in the Iranian oil industry.According to IOOC, the system was launched in order to comply with international and national requirements for the standard, safe and continuous operation of the Salman Oilfield’s gas pipelines with a Norwegian company and the Pipeline Technology Company.The project is dubbed as the first of such projects in the Iranian offshore oil industry…

15 Jan 2020

Corpus Christi Crude Exports Boom

© Brent Coulter / Adobe Stock

U.S. crude exports from Corpus Christi, Texas, have surged to a record in recent weeks, often surpassing hubs such as Houston and Beaumont, Texas, thanks to faster-than-expected infrastructure additions.The infrastructure boom at Corpus Christi helped push crude exports there to a weekly record of 1.59 million barrels per day (bpd) in late December, more than doubling levels that held for the first eight months of last year, and above Houston's 2019 peak of 1.36 million bpd, according to vessel-tracking firm ClipperData.The heavy flows suggest that fears of a bottleneck that would impede U.S.

07 Jan 2020

Norwegian PM Opens Johan Sverdrup Field

Image: Equinor

Norway's prime minister Erna Solberg has opened the Johan Sverdrup field center, and the Minister of Petroleum and Energy, Sylvi Listhaug, also attended the opening.Since Equinor and the Johan Sverdrup partners Lundin Norway, Petoro, Aker BP and Total started the field on 5 October last year, production has increased to a level well above 300,000 barrels per day.Johan Sverdrup is expected to yield a total production revenue exceeding NOK 1 400 billion and more than NOK 900 billion…

27 Dec 2019

Offshore Energy Outlook for 2020

Equinor’s Hywind Tampen project will use floating wind turbines to provide power to the Snorre and Gullfaks oil and gas production facilities.  (Image: Equinor)

The “new normal” is a phrase tossed around often in offshore energy circles today as those servicing and operating in the sector grapple with the harsh realities of the prolonged industry downturn. Operators, service companies and equipment suppliers have been forced to adjust to oil selling at prices well below the $100+ per barrel mark seen in years past. As of this writing, Brent oil was hovering around $62 per barrel, and analysts expect prices will remain in this range for some time into the future.On top of this…

17 Dec 2019

EnQuest Selects Esvagt as ERRV Provider

The 'Esvagt Capri' is one of four vessels chartered by EnQuest. Image: ESVAGT

Offshore vessel provider Esvagt has been awarded a new contract with the United Kingdom-based petroleum exploration and production company EnQuest for the provision of emergency response and rescue vessels (ERRV).According to the provider of safety and support at sea, under this contract, four ESVAGT vessels will support EnQuest Heather Ltd’s operation in the UK.The contract includes a continued support on the Kraken oil field and Kittiwake and, since December 2019, ERRV duties…

13 Nov 2019

Japanese Firms in Brazilian FPSO Gig

Image: MODEC

Japanese companies have decided to proceed with the deepwater floating production, storage, and offloading system (FPSO) charter project for the Petrobras-operated Búzios pre-salt oil field located offshore Brazil.MODEC, Mitsui & Co., Mitsui O.S.K. Lines (MOL), and Marubeni Corporation have agreed that Mitsui, MOL, and Marubeni will invest in a long-term charter business currently promoted by MODEC for the purpose of providing  FPSO for use on the Búzios field off the coast of Brazil.Based on these agreements, Mitsui, MOL and Marubeni will invest in Buzios5 MV32 B.V.

13 Nov 2019

Profab Gets Apsara Gig from KrisEnergy

A representation of the Apsara oil field arrangement in Block A, offshore Cambodia. Image: KrisEnergy

Southeast Asia-focused oil and gas company KrisEnergy Apsara Co signed a conditional letter of award with PT Profab for the supply of a minimum facilities wellhead “mini-platform” for the Apsara oilfield – Cambodia’s maiden oil development.According to a press note from the Singapore-based parent company KrisEnergy, the scope of work covers key procurement, and the fabrication and construction of the jacket, topsides and other related accessories for the Mini-Platform, including…

13 Dec 2019

GoM: Total Begins Two Deepwater Projects

Map: Total

Total S.A announced the final investment decision (FID) to develop the Anchor oil field located in the deepwater U.S. Gulf of Mexico (GoM), off the coast of Louisiana.Additionally, front-end engineering and design (FEED) has begun for the North Platte discovery in the deepwater GoM.Total holds a working interest of 37.14% in Anchor, alongside operator Chevron (62.86%).The Anchor field will be developed with seven subsea wells connected to a semi-submersible floating production unit (FPU) with a capacity of 75,000 barrels of crude oil and 28 million cubic feet of gas per day.

26 Dec 2019

Five Common Mistakes in Maritime Contracts

Copyright: byemo/AdobeStock

“An ounce of prevention is worth a pound of cure.” – Henry de Bracton, DeLegibus, ~1240Often clients or prospective clients come to me with a commercial contract issue perched on the precipice of full-blown litigation or arbitration. When I ask to see the contract, often times I see errors in drafting that either (1) give rise to the problem before me or (2) could create a bigger problem for the client in the future.The risk of drafting error is higher for Europeans looking to contract with American companies.

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