Iran's Navy Attacks and Boards Romanian Rig in Gulf
Iran attacked and seized control of a Romanian oil rig working in its Persian Gulf waters this morning one week after the Iranian government accused the European drilling company of hijacking another rig. An Iranian naval vessel fired on the rig owned by Romania's Grup Servicii Petroliere (GSP) in the Salman field and took control of its radio room, a Grup's representative in the United Arab Emirates said. Iran, which holds the world's second-largest oil and gas reserves, is due to respond to a European Union-led offer of incentives aimed at persuading it to halt uranium enrichment activities that are crucial to its nuclear program. Neither the press office of Iran's oil ministry nor the one of Iran's revolutionary guards could be reached for comment when called.
Maersk Supply Service Wins Contract With Quadrant Energy
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.
Parker Acquires Aqua Pro
Parker Hannifin Corporation(NYSE: PH), provider of motion and control technology, announced that it has acquired Aqua Pro, Inc. a manufacturer of reverse osmosis("RO") filtration systems for military, commercial and pleasure marine applications. Aqua Pro sales for fiscal 2008 were $33m. The acquisition is expected to be accretive to earnings within its first year following acquisition and its results will be reported as a component of Parker's Industrial North America segment. Terms of the acquisition were not disclosed. With manufacturing centers in Gardena and San Fernando, California, Aqua Pro does business as Village Marine Tec and Offshore Marine Laboratories. Sales and service locations are located in California, Florida, Hawaii, Virginia, and Washington.
BP Deepwater Horizon Costs Balloon to $65 Billion
BP said on Tuesday it would take a new charge over the 2010 Deepwater Horizon spill after again raising estimates for outstanding claims, lifting total costs to around $65 billion. The post-tax, non-operating $1.7-billion charge BP will take in its fourth quarter results came after claims resolved in recent months were about seven times higher than anticipated, the London-based company said. The claims were part of the Court Supervised Settlement Program that was set up in the wake of the disaster and included nearly 400,000 cases, BP said.
Vroon Offshore Vessel Undergoes Modification Work
Damen Shiprepair Oranjewerf has completed final outfitting and modifications on a second subsea-support walk-to-work (W2W) vessel for Vroon Offshore Services (VOS). VOS Stone was built at Fujian Southeast Shipbuilding in China before coming to the Netherlands for completion. This follows a similar project successfully completed in July this year at Oranjewerf, involving sister ship VOS Start. The eight-week program for VOS Stone involved a wide range of activities, including installation of a 50-tonne active heave-compensated…
Asry Completes Albzoom Refurbishment
The Arab Shipbuilding and Repair Yard Company (Asry) has announced the successful completion of extensive refurbishment work on an oil-rig owned by an Abu-Dhabi based firm. The rig - named Albzoom - was renewed at an estimated cost of $19m by a qualified team of workmen and engineers specially assigned to the task, according to an Asry spokesman. He said the work required very specific expertise and expensive equipment and that the owners of the rig had commented on the quality of the work and the dedication of the workforce during the stages of the repair. The rig - originally manufactured in 1982 by Nippon Kokan K K - is owned by the National Drilling Company (NDC) in Abu Dhabi.
MAN's Part-Load Optimization a Fuel Saver
MAN Diesel & Turbo’s Part-Load Optimization is a tuning method designed to optimize fuel-oil consumption during the part-load operation of four-stroke, small-bore MAN auxiliary engines. “Part-Load Optimization works on the principle that fuel consumption is reduced at low and part load at the expense of a higher fuel consumption in the high-load range, without exceeding the IMO NOx limit,” explained Finn Fjeldhøj – Head of Small-Bore, Four-Stroke Engineering – MAN Diesel & Turbo. “We can deliver new engines pre-optimized or retrofit as necessary.
Sunken Vessel Discharging Oil in West Virginia
Towboat Gate City has sunk and is reportedly discharging oil near mile marker 8 on the Big Sandy River near Butler, W.Va. The vessel is discharging oil into the river “with a maximum potential of 5,000 gallons,” according to the U.S. Coast Guard, who said it received a report that the vessel had sunk at its mooring Wednesday morning. A Coast Guard pollution response team arrived on scene and is working with the oil spill response organization Weavertown to deploy boom and contain the oil and begin cleanup operations.
Shell's Arctic Drilling Hiatus
Both of Shell's offshore drill rigs used during last year's oil exploration season to be transported to Asian shipyards for inspection and repair. The decision suggests the Kulluk and the Noble Discoverer -- Shell's only drilling rigs for the Arctic -- need major work and calls into further question whether Shell will be able to resume drilling in the Chukchi and Beaufort seas this year. Two federal investigations are under way into Shell's Alaska operations, reports the 'Anchorage Daily News'.
India Considers Pool for Oil, Gas Exploration
India has proposed forming a rig pool for state-run oil companies to avoid delays in oil and gas exploration. An adequate number of rigs could be considered for purchase and government-owned companies would pool in money for them. The Petroleum and Natural Gas Ministry worked out the proposal on the basis of recommendations of the parliamentary standing committee attached to the ministry. The ministry said the pool would serve the purpose of all state-owned companies and reduce the financial burden of individually owning the rigs. The standing committee report said that in view of the increasing cost of chartering offshore rigs, the oil companies can commonly charter rigs at cheaper rates on a long-term basis and share the rigs among themselves as per a pre-determined work program.
MMS Monitoring Two Adrift Rigs
The Minerals Management Service has two confirmed reports of drilling rigs adrift in the central . The MMS, industry, and the U.S. Coast Guard are working together to monitor the paths of the two rigs. MMS has determined through a pre-hurricane season risk analysis that there is minimal infrastructure in the areas surrounding these two rigs. The MMS conducts risk assessments of every mobile drilling rig location plan prior to hurricane season before granting approval of each plan. The assessments consider the proposed location’s proximity to critical oil and gas infrastructure, condition of seafloor, and station–keeping (mooring) capabilities of each specific rig. Once the weather in the clears, over flights by MMS staff, the U.S.
World's Largest Crane Ship Arrives in Rotterdam
Pieter Schelte Heerema, one of the largest ships in the world with a length of more than three football fields, arrives at the port of Rotterdam for the last works before it is operational. Pieter Schelte Heerema, one of the largest ships in the world, which is capable of lifting oil platforms weighing almost five times the weight of the Eiffel Tower, arrived Thursday in Rotterdam for the last work before it goes into service. The nearly 400-metre (440-yard) long crane ship arrived in Europe's largest port from South Korea where it was built at DSME’s Okpo shipyard, ahead of starting work lifting rigs and laying pipelines this summer. The vessel is 124m (407ft) wide and 382m (1,253ft) long – as long as the Empire State Building is high.
Oil Heist Uncovered at Shell's Biggest Refinery
Police say 17 arrested in connection with oil theft; 11 charged; Shell expects "short delay" in operations due to case. Eleven men were charged in a Singapore court on Tuesday in connection with a large-scale oil theft at Shell's biggest refinery, while police said they were investigating six other men arrested in a weekend raid. Police in the island-state said on Tuesday they had detained 17 men, whose ages ranged from 30 to 63, and seized millions of dollars in cash and a small tanker during their investigations into theft at the Pulau Bukom industrial site…
Damen Delivers Patrol Vessel to Nigeria
Homeland Integrated Offshore Services Ltd (Homeland) of Lagos, Nigeria, has taken delivery of another Damen 3307 Patrol Vessel for operations in the offshore oil fields in the Gulf of Guinea. This takes the total delivered vessels/Guardians since the first arrived in early 2014 to four. Guardian 4 has joined its three sister ships in providing security services to the oil majors active in Nigeria’s territorial waters, together with additional support services including crew transfers and equipment deliveries.
Seadrill Bondholders Post Cash Deposit for Rival Restructuring
Owners of unsecured bonds in rig firm Seadrill have posted a cash deposit to back an alternative financial restructuring, paving the way for talks with the drilling operator over its future, the two sides said on Monday. Seadrill, once the largest drilling rig operator by market value, filed for bankruptcy protection in a U.S. court on Sept. 12 after being hit hard by cutbacks in oil company investment following a steep drop in crude prices. The company's main owner, Norwegian-born billionaire John Fredriksen…
Record Rig Berthing at Drydocks World
Drydocks World, the international service provider to the shipping, offshore, oil, gas and energy sectors, have simultaneously berthed 11 rigs in the Dubai yard, breaking its record of nine rigs at the yard set in February this year. Clients contributing to the record include Saipem, Saudi Aramco, Shelf Drilling, Aban Offshore and the National Drilling Company. Drydocks World said it has focused its efforts to cater to the offshore market and rig requirements through establishing a dedicated rig division which has worked to market the yard facilities…
Harris Pye Takes on More Offshore Projects
Global maritime and offshore oil and gas engineering company Harris Pye is making significant gains in the offshore oil and gas market, according to Group Managing Director Mark Prendergast. “We are currently undertaking three major rig renovations simultaneously in the UK, Singapore and Brazil,” said Prendergast. In January, the company completed a comprehensive refit and refurbishment of Diamond Offshore Drilling Inc’s (DODI) drillship, The Ocean Clipper. All works were completed in just 90 days. The scale of the project was immense and included electrical works, accommodation, painting, cranes, 250 tons of steelwork, over two miles of piping renewals, and the removal and replacement of transformers and motors.
Foss Tows Drilling Rig to AK Winter Harbor
Jackup drilling rig successfully navigated through Cook Inlet. Foss Maritime Co. tugs Justine Foss and Jeffrey Foss have completed a successful tow of a jackup drilling rig to its winter harbor in Port Graham, Alaska. The Spartan 151 jackup drilling rig was moved from its drill site at Nikiski, in the Cook Inlet, which becomes choked with ice during the winter. Gary Faber, president and COO of Foss Maritime, said the successful tow underscores the company's competence in navigating…
Falklands' Oil Drilling at Isobel Deep Suspended
Oil explorers drilling in the waters north of the Falkland Islands have suspended work on the second well of their 2015 current six-well drilling campaign after a technical problem. Operator Premier Oil has suspended operations on the 4/20-1 (Isobel Deep) well, following a problem detected on the drilling rig blowout preventer, BOP, according to partner Falkland Oil and Gas Ltd. Ocean Rig semisubmersible Eirik Raude is performing the drilling program. The company says that the rig, completed in 2002, is equipped for drilling operations in water depths from 500 to 2,500 meters. FOGL said that the problem was detected after the 13⅜-in. casing was set, performed at a water depth of 1,274m, located on license PL004a. The well was spud on April 8, after success in the first well Zebedee.
Norway: We Must Prepare for Arctic Oil Race with Russia
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.
Worlds Largest Rig Still Afloat
Crews managed to prevent the world's largest offshore oil rig from sinking farther into the sea on Monday, four days after explosions crippled its structure and killed 10, its Brazilian owners said. They said the 40-story platform belonging to Brazil's state oil giant Petrobras had stabilized by Monday evening after workers pumped enough water out of the submerged compartments. They are injecting nitrogen and compressed air in a bid to remove nearly 3,000 tons of water weighing down the rig. Even so, the platform was listing more than ever, at a 27-degree angle. In the last 24 hours it has sunk 1.3 feet (40 cm). The platform has sunk almost 15 feet (4.6 m) since the blasts.
Baker Hughes Rig Count Down 2% From June 2001
Baker Hughes Inc. announced on August 7 that the international rig count for July 2001 was 748, down 12 from the 760 counted in June 2001 and up 86 from the 662 counted in July 2000. 189 counted in July 2000. The U.S. rig count for July 2001 was 1,278 up 7 from the 1,271 counted in June 2001 and up 337 from the 941 counted in July 2000. The Canadian rig count for July 2001 was 319 up 17 from the 302 counted in June 2001 and up 13 from the 306 counted in July 2000. The worldwide rig count for July 2001 was 2,345 up 12 from the 2,333 counted in June 2001 and up 436 from the 1,909 counted in July 2000. international markets. and Canadian drilling activity. 1975. In 1987 the Baker Oil Tools began its monthly workover rig count. last working day of each week.
Advanced Drillships a Burden for Owners as Business Slows
Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators. Now, with oil prices down by half since June, many have become a burden on their owners as drilling activity slows. Drillship operators face a more brutal hit to margins than they did after the oil-price crash of 2008 because of the huge cost of maintaining the more than $10 billion worth of state-of-the-art vessels that have been idled at sea, analysts say. Noble Corp Plc, Ensco Plc and Transocean Ltd are among companies that have invested in advanced rigs which, unlike older jack-up rigs that attach to the ocean floor, rely on dynamic positioning systems using thrusters to keep them in position.