Petrobras, Exxon To Sign Brazil Oil Deals
Petrobras will reportedly sign two much-awaited oil exploration and production joint venture contracts with U.S. petroleum giant Exxon.
Labroy Marine Wins Contracts
Singapore shipbuilder Labroy Marine said on Wednesday it has signed two shipbuilding contracts worth $58.9m in total. Labroy, whose regular customers for offshore support vessels are in the United States, Europe and the Middle East, said the two ships are to be delivered in 2009. Source: Reuters
Concordia Maritime Signs Contracts with Lukoil
Concordia Maritime has signed two-year timecharter contracts for the V-MAX vessels Stena Vision and Stena Victory with Litasco, a subsidiary of the Russian oil company Lukoil. The new time charters will begin immediately upon expiration of the current charter contracts with the American oil company Sunoco at the end of 2007. The vessels are chartered in from Arlington Tankers Ltd until the end of 2009. With the new time charter contracts Concordia Maritime has secured employment for the entire period.
CNOOC, Newfield Sign PSC Contracts
China National Offshore Oil Company Limited (CNOOC Ltd) announced Wednesday that its parent China National Offshore Oil Corporation (CNOOC) has signed two production sharing contracts (PSC) with US-based Newfield Exploration Company. The two contracts are for blocks numbered 22/15 and 16/05, both in the South China Sea. Block 22/15 in the Beibu Gulf Basin in the western South China Sea covers 5,228 square km, with water depth of 10 to 60 meters. Newfield will reprocess the two-dimensional seismic data, a technical survey containing geological clues for hidden oilfields, and conduct drilling operations. Located in the Pearl River basin, block 16/05 covers 2,064 square km.
EMGS Receives New contract From Tullow Oil
Electromagnetic Geoservices ASA (EMGS) has received a signed contract from Tullow Oil Norge AS worth USD 7.7 million for 3D EM data acquisition in the northern part of the North Sea. "We are delighted to work with Tullow again, and also, encouraged to see contract coverage in the Norwegian waters continue to develop favorably. Adding a multitude of contracts to our multi-client activities this year should result in the most active year in Norway to date," said Roar Bekker, CEO of EMGS. The survey is expected to commence in August, using the vessel BOA Thalassa.
CNOOC, Newfield Sign PSC contracts
China National Offshore Oil Company Limited (CNOOC Ltd) announced that its parent China National Offshore Oil Corporation (CNOOC) has signed two production sharing contracts (PSC) with US-based Newfield Exploration Company. The two contracts are for blocks numbered 22/15 and 16/05, both in the South China Sea. Block 22/15 in the Beibu Gulf Basin in the western South China Sea covers 5,228 square km, with water depth of 10 to 60 meters. Newfield will reprocess the two-dimensional seismic data, a technical survey containing geological clues for hidden oilfields, and conduct drilling operations. Located in the Pearl River basin, block 16/05 covers 2,064 square km.
EMGS - New Contract In Norwegian Sea
Electromagnetic Geoservices ASA (EMGS), the marine EM market leader, has received a signed contract from a customer worth USD 2.3 million (NOK 13.5 million) for 3D EM data acquisition in the Norwegian Sea. The survey is expected to commence in June, using the vessel BOA Thalassa. According to Svein Knudsen, EMGS chief financial officer: EMGS, uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. EMGS supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The company's services enable the integration of EM data with seismic and other geophysical and geological information to give explorationists a clearer and more complete understanding of the subsurface.
Conrad to Build Tugs for Bay-Houston and Suderman & Young
Conrad Industries, Inc. has signed two contracts for construction of two 98-ft., Z-Tech 7500 Class Terminal/Escort Tugs with Bay-Houston Towing Co.and Suderman & Young Towing Company, L.P. These ABS -classed tugs will provide harbor tug services for LNG vessels calling at the Freeport LNG terminal which is currently under construction in the Port of Freeport, Texas. G&H Towing Company of Galveston, Texas will operate the two tugboats. Johnny Conrad, President and CEO said "We are excited to add Bay- Houston and Suderman & Young as customers. These two new contracts are scheduled to be constructed at our Orange Shipbuilding facility which has constructed sixty-five tugs and towboats since 1974. With these additions, our current backlog is at a record high of approximately $93m.”
Nauta Bags Two Fishing Vessel Orders
Nauta Shiprepair Yard in Poland has signed two contracts in recent days for building partially outfitted fishing trawlers for its Danish client Karstensens Skibsvaerft AS. Within the first order Nauta will produce a partly outfitted vessel with length 69.9 meters and beam 14.2 meters. The B – 436 unit will be ready to hand over in March m2017. This vessel will be similar to the other seiners – Kvannoy and Beinur – which Nauta has built for Karstensens Skibsvaerft AS. The second order is for building a slightly smaller vessel with the length of 63 meters and beam of 12.8 meters.
Hallin Marine Wins $9.5m in Orders
According to SmallCapsNews.com, Hallin Marine, has signed two new contracts with a combined estimated value of $9.5m. The company has signed a 12-month contract with a U.S.-based Contractor to provide Hallin's state of the art Saturation Diving System SAT-05 for operations in the Gulf of Mexico. Hallin will also provide personnel and operate the system as the client requires. The final scale of the contract will depend on the utilization of the system and Hallin personnel during its term but the estimated value is a minimum of $7.5m. Hallin has also been awarded a $2m contract with repeat client Seaway Heavy Lifting Ltd to provide Saturation Diving Services in support of the BCP-B2 Booster Project offshore of the West Coast of India. Source: SmallCapsNews
Prelude Floating LNG Facility
Shell signed two contracts with the Technip and Samsung Heavy Industries consortium for the Prelude floating liquefied natural gas (LNG) project off the coast of Western Australia. These contracts formalize the announcement made by Shell in October 2009 that Prelude is in the engineering and design phase of development. The first contract covers the front-end engineering design (FEED) elements specific to the Prelude project, taking into account the composition of the gas, local weather conditions and other site specific factors. The second contract details the terms under which the floating LNG facility would be built, if the final investment decision for the Prelude project is made. Planning for Prelude is progressing well.
ABS Nautical wins Two More Clients
ABS Nautical Systems Sign Two New Customer in Greece. ABS Nautical Systems has signed contracts with TMS Bulkers Ltd. and TMS Dry Ltd. for use of its NS5 Enterprise software. The Greece based bulk carrier operating companies for the TMS group were both looking to improve the machinery and structural assessment programs that are already in place. Both companies will implement the Hull Inspection and Maintenance & Repair software through the ABS Newbuild Program, which offers free software to ABS-classed vessels built after 1 January 2009.
LR Signs Two MoUs at Singapore Maritime Week
LR CEO, Alastair Marsh, signed two Memorandums of Understanding (MoU) during Singapore Maritime Week. The first promotes research and development (R&D) and innovation, building upon strong existing collaborations (e.g. enhanced understanding of cargo liquefaction to increase vessel stability and safety, extreme wave impact to optimize time and cost of semi-submersible rig design) and extending into big data and intelligent systems for real time condition monitoring, unmanned systems and robotics for operations…
Euronav Inks Two Charter Deals
Euronav NV announces that it has signed two long-term time charter contracts of seven years each with Valero Energy Inc. for Suezmax vessels with specialised Ice Class 1C capability starting in 2018. In order to fulfil this contract, Euronav has ordered two high specification Ice Class Suezmax vessels from Hyundai Heavy Industries shipyard in South Korea. Additional specifications for these vessels include substantially increased steel structure, specific emissions controls and other bespoke operational capabilities.
Aker Solutions Wins Drilling Equipment Contracts
Aker Solutions signed two contracts with Daewoo Shipbuilding & Marine Engineering (DSME) for the delivery of complete drilling equipment packages for two new deepwater drillships. The contracts have a total value of about $230m. The drilling equipment and systems will be installed on the two vessels, which are being constructed at DSME's yard in South Korea. Each delivery has a contract value of about $115 million, and includes options for additional equipment and services. "We are very pleased to supply another pair of Aker Solutions' drilling equipment packages to DSME and its clients…
Petrobas Signs for US$1.5-Billion Japanese Bank LOC
The lines of credit are for Petrobras to purchase equipment & services from Japanese companies in Brazil & abroad, based on an earlier MOU that established a strategic partnership between JBIC and Petrobras. Petrobras has signed two financing programs with the Japan Bank for International Cooperation - JBIC for the offer of two lines of credit amounting to US$ 1.5 billion. Mizuho Bank, Ltd. is the agent bank for these programs and the lines of credit will be 60% financed by JBIC and 40% by private Japanese financial institutions, which are insured by Nippon Export and Investment Insurance (NEXI). Petrobras say that they have built up a close cooperative relationshiop over many years with the Japan Bank for International Cooperation, with a number of joint operations already implemented.
Boeing Expands Maritime Communications Service
Connexion by Boeing, the satellite broadband Internet service for aircrafts, is expanding its service for ships, Boeing said on July 27. Boeing has signed two-year leases with international satellite operator Intelsat for space on two of its satellites, one above the Atlantic Ocean and one above the Indian Ocean. The satellite capacity will be used to provide broadband Internet connections to customers in those regions. Connexion by Boeing's satellite capacity has been largely focused to date on major air routes of its customer airlines. Boeing started talking about a maritime service in 2004 and in the middle of 2005 it announced a deal with Teekay Shipping Corp. to install Connexion by Boeing on 50 of the company's ships.
Boeing Expands Satellite Broadband Service
According to reports, Connexion by Boeing, the satellite broadband Internet service for aircraft, is expanding its service for ships, The Boeing Co. said. Boeing has signed two-year leases with international satellite operator Intelsat for space on two of its satellites, one above the Atlantic Ocean and one above the Indian Ocean. The satellite capacity will be used to provide broadband Internet connections to customers in those regions, it said. Connexion by Boeing's satellite capacity has been largely focused to date on major air routes of its customer airlines. Boeing started talking about a maritime service in 2004 and in the middle of 2005 it announced a deal with Teekay Shipping Corp. to install Connexion by Boeing on 50 of the company's ships.
ABS Nautical Systems Signs Two New Contracts in Greece
ABS Nautical Systems has signed two new contracts in Greece with Petrochem General Management S.A. and Opera S.A. for use of its NS5 Enterprise software. Both companies will take advantage of the ABS Newbuild Program which offers free software to ABS-classed vessels built after 1 January 2009. Petrochem General Management S.A. will implement the Hull Inspection module on seven of its chemical carriers. The Piraeus-based company was looking for a more user-friendly software solution…
President Signs Homeland Security Presidential Directives
President Bush signed two Homeland Security Presidential Directives (HSPDs). HSPD-7 addresses critical infrastructure identification, prioritization, and protection. Damage the private sector's capability to ensure the orderly functioning of the economy and delivery of essential services is one of the primary threats with which the directive is concerned. HSPD-8 addresses national preparedness. While focusing on first responders at the state and local government level, it includes private sector resources in the effort to coordinate efforts to prevent, prepare for, respond to, and recover from terrorist attacks. These directives will…
Vinashin Lines Signs Contracts
According to reports, the Vinashin Lines Ltd Co, a subsidiary of Vietnam Shipbuilding Industry Corporation (Vinashin), signed two major shipbuilding contracts this week in Hai Phong. Under the first contract, the Ha Long Shipyard will build one 54,000-tonne ship, 190m long, 32.4m wide and 17.8m high, and with 9,480 horsepower, capable of running at 14 knots. Matching the largest ships yet built in Vietnam, the 54,000-ton vessel will be built at a cost of about $30m. The Ha Long Shipyard will start construction of the vessel in the 4th quarter of 2006 and launch the ship by the end of 2007. Source: Business in Asia Today
Aker Kvaerner Wins China Contracts
Aker Kvaerner takes further strides into the Chinese market by signing two deals with China National Offshore Oil Corporation (CNOOC). One contract is for the delivery of a complete marine drilling riser system and associated equipment, while the other is for delivery of mooring equipment to a new deepwater semi submersible drilling unit. Contract values are undisclosed. The marine drilling riser system has a total length of 7500 ft. The marine drilling riser system will be manufactured and delivered out of Aker Kvaerner Subsea's new high tech manufacturing centre in Malaysia. Delivery is scheduled for Q2, 2010. Aker Kvaerner subsidiary, Aker Kvaerner Pusnes will deliver its well-proven mooring equipment to CNOOC's drilling rig.
Statoil Completes Well In Egypt
The Kiwi well in the Egypt’s El Dabaa Licence (Block 9) was completed this week and the Discoverer Americas drillship will soon head back to the US Gulf of Mexico. The exploration well targeted the Kiwi prospect in the El Dabaa licence, located in the Mediterranean west of the Nile Delta, with a water depth of around 2,700 metres at the drill site. Extensive logging has been performed in the well, and preliminary results show that the well is dry. The offshore operations were…