Steel Jackets News

Today, Kvaerner and its sub-contractors cut the first steel plates for the utility- and living quarters (ULQ) topside for the Johan Sverdrup field. The topside construction starts on schedule and budget. The Johan Sverdrup development is being executed with a high degree of Norwegian value creation. Kvaerner's efforts to improve competitiveness have resulted in a large portion of the work for the ULQ platform to be executed in Norway. This gives Kvaerner and Norwegian subcontractors a steady activity and also a continued high number of apprentices. In June 2015, Kvaerner in a joint venture with KBR won the contract for the complete delivery of the utility and living quarter (ULQ) topside.

Enseada Shipbuilding was established to build deepwater drillships for Petrobras. Seventy percent of the company is owned by a consortium composed of Brazilian companies, Odebrecht (50 percent), OAS (25 percent), UTC (25 percent), with the remaining 30 percent belonging to Japanese shipbuilding giant, Kawasaki Heavy Industry (KHI). With all the Brazilian shareholders involved in the Car Wash “Lava Jato” operation, investigating corruption and embezzlement schemes with Petrobras, Kawasaki is a key partner, as is it not only responsible for technology transfer and providing professional training for the local workforce and operational consultancy in several areas within the shipbuilding process, as it also offers credibility to the shipyard.

Statoil has signed a contract with Allseas for installation of three platform topsides on the Johan Sverdrup field. The vessel will be installing the topsides for the drilling, processing and living quarter platforms.Allseas will transfer the topsides to Pioneering Spirit before they are transported to the Johan Sverdrup field. On the field Pioneering Spirit will install the topside on the steel jackets. The drilling platform topsides will be installed in 2018, and the processing and living quarter topsides will follow in 2019. The vessel has a lifting capacity of 48,000 tons. The heaviest lift will be carried out during installation of the processing platform topside that weighs around 26,000 tons.

Statoil's second quarter 2014 net operating income was NOK 32.0 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.3 billion. “Statoil delivered solid operational performance in the quarter, with continued high production regularity on the Norwegian continental shelf and project execution according to plan. We have deferred gas production to enhance value, but remain on track for delivering on our production guiding for 2014. Our quarterly earnings were impacted by divestments, seasonal effects and lower gas prices. For the first half of the year, earnings were around the same level as in the same period last year," says Helge Lund, Statoil's president and CEO.

Statoil's second quarter 2014 net operating income was NOK 32 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.3 billion. “Statoil delivered solid operational performance in the quarter, with continued high production regularity on the Norwegian continental shelf and project execution according to plan. We have deferred gas production to enhance value, but remain on track for delivering on our production guiding for 2014. "Our quarterly earnings were impacted by divestments, seasonal effects and lower gas prices.

Kvaerner says it has established a frame agreement with Statoil for delivery of steel jacket substructures to Statoil-operated fields. Based on this frame agreement, Statoil has signed a Letter of Intent (LoI) for Kvaerner to deliver two of the planned steel jackets to the Johan Svedrup development off the West Coast of Norway. Subject to all necessary approvals for the project to proceed, early estimates of the total value of the two jacket deliveries will be approximately NOK 3 billion. Johan Svedrup is located at a water depth of 120 meters off the West Coast of Norway Statoil is the operator for the field, and first development phase…

Statoil and the partners in the Johan Sverdrup field have decided on a concept for the first development phase. The partners have agreed on a field center consisting of four installations and power from shore. The partners have decided on power from shore for the Johan Sverdrup field in the first phase, which will reduce total CO2 emissions from the Utsira High area by 60-70%. “This is historic. We have not made a concept selection for a field this size since the 1980s,” says Arne Sigve Nylund, executive vice president for development and production in Norway.

Norway's Kvaerner report higher operating revenues, higher earnings and higher EBITDA margin in the third quarter of 2013 compared to last year. Kvaerner reported operating revenues of NOK 3 383 million in the third quarter 2013, compared to NOK 2 430 million in the third quarter of 2012. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 166 million, compared to NOK 109 million in the same quarter last year. The EBITDA margin was 4.9 percent, up from 4.5 percent in the third quarter 2012. The order backlog amounted to NOK 26.9 billion at the end of the third quarter. "The activity in the third quarter has been very high on all projects. Our main focus is to deliver these projects as agreed with our customers.

1956: Elvis released his first album; the film debut of Invasion of the Body Snatchers was frightening American audiences; My Fair Lady opened on Broadway; and J. Ray McDermott began operations at the offshore industry's first dedicated steel fabrication yard near Morgan City, Louisiana. Among the major events of early 1956, many are now trivia, but the Morgan City "fab yard" continues to have a profound and lasting effect on the region and the world. Since its humble beginnings on April 1, 1956, J. Ray's Morgan City fabrication facility has built more offshore structures than any other fabrication facility and has served as the model for new offshore fabrication yards around the globe.