Subsea News

19 Feb 2019

Shipbuilding: C/S Aurora Steel Cut

Photo courtesy of Ulstein Verft

The first major milestone in the construction of Nexans’ new DP3 cable laying vessel, the C/S Aurora, was passed Monday, February 18, 2019, with the cutting of the first steel.“With this modernization we will further strengthen our ability to deliver green power for the future”, said Vincent Dessale, Senior Executive VP Subsea and Land Systems Business Group at Nexans. “Aurora will play a key role in the installation of our cutting-edge submarine cables to help bring more energy to the world…

10 Feb 2019

Excelerate FSRUs Hit Send-out Milestone

Pic: Excelerate Energy L.P.

US-based LNG solutions company Excelerate Energy's  Northeast Gateway Deepwater Terminal (Northeast Gateway), located offshore Boston, reached a peak send-out flow rate of over 800,000 MMBTU per day of natural gas on February 1, 2019, a first for the terminal.The operation was completed by two of Excelerate’s floating storage regasification units (FSRUs), Exemplar and Express discharging in parallel through Excelerate’s proprietary offshore buoys.During the coldest days of the year, demand for natural gas from residential customers rises in New England.

08 Feb 2019

Aker Solutions Revenues Up 8%

Luis Araujo, CEO, Aker Solutions

Aker Solutions reports Q4 2018 revenue of $813 million, an 8% rise compared to Q4 2017 powered by “significant international awards in a competitive, but improving market.” In total, order intake for the quarter was $615.6 million, leaving the company with an order backlog of more than $4 billion. Better still, looking forward the company sees “continued signs of a recovery in the global market” with approximately $5.2 billion worth of contracts currently in the bid phase.In analyzing the results…

06 Feb 2019

Corvus Energy Acquires Grenland Energy

Pic: Corvus Energy Holding AS

Corvus Energy Holding, the Energy Storage Systems (ESS) supplier to the maritime industry, has signed an agreement to acquire all shares in the Norway-based Grenland Energy, which develops and manufactures lightweight lithium-ion batteries for the maritime, offshore and subsea industry.“The market for battery storage is increasing rapidly. It is the perfect time to combine resources, competencies, and technologies with an optimized global footprint. We are eager to join forces with innovative companies such as Grenland Energy to offer extended and more specialized solutions and services…

05 Feb 2019

Dart Fisher Ready for O&M Work

Image: James Fisher Marine Services

The provider of of topside, offshore and subsea marine services and solutions James Fisher Marine Services (JFMS) has announced that its innovative offshore support vessel, Dart Fisher, has returned to sea following refurbishment at the Alicat Workboats shipyard in Great Yarmouth.The British provider of marine engineering services provider said in a press note that the £35,000 investment was timed to coincide with up and coming operations and maintenance (O&M) charter requirements to ensure that the Dart Fisher is ready to mobilise at short notice.Scott Plank…

30 Jan 2019

MAN Scores OffShore Wind Reference

Photo: OHT

MAN Energy Solutions reported that it won an order to supply the engines for a new heavy-lift crane installation-vessel for Oslo-based OHT (Offshore Heavy Transport).In total, MAN ES will supply four MAN 12V32/44CR GenSets with a total output of 28,800 kW for the ship, which is being built at the shipyard of China Merchants Heavy Industry in Haimen/Nantong with delivery due in Q4, 2020. The order is for a single vessel, with options for three more.The Alfa Lift is a heavy installation crane vessel design with semi-submersible heavy transportation capabilities.

29 Jan 2019

Commonwealth, Nekton Explore Ocean Depths

Commonwealth’s Director of Trade, Oceans and Natural Resources, Paulo Kautoke and the CEO of the Nekton Foundation, Oliver Steeds. Pic:  Commonwealth

The collaboration of Commonwealth and Nekton Foundation  and other partners, First Descent will launch a multidisciplinary exploration of never-before-accessed ocean territory.The expedition ship, a floating research station, will set sail from Seychelles in March equipped with cutting-edge subsea technologies, including a submersible capable of descending hundreds of metres into the ocean, and some of the world’s top scientists on board to test the health of the ocean.A launch of the initiative will take place at Marlborough House…

27 Jan 2019

Goliat Supply Vessel Connected to Shore Power

Battery hybrid Stril Barents in the Barents Sea- Supply vessel with shore power cuts CO2 emissions for Goliat. Image: Vår Energi

Vår Energi (formerly Eni Norge) and  Norwegian shipowner Simon Møkster Shipping have completed the first phase of hybrid power conversion of the Stril Barents vessel, currently working as a supply vessel on the Goliat field in the Barents Sea offshore Norway.Stril Barents is a supply vessel for the Goliat platform in the Barents Sea, one of the oil fields on the Norwegian shelf with the lowest CO2 emissions."Through efficient and good cooperation, the first phase has been completed. The shore power connection has been tested and is now operational.

27 Jan 2019

Senegal Awards LNG, Oil Advisory Job to Doris Engineering

Image: Doris Group

French engineering services provider Doris Engineering has been awarded an advisor contract by the Senegalese ministry of petroleum and energies for the development of oil & gas projects offshore Senegal.This two-year mission consists in reviewing the optimization and the robustness of the field development performed on these projects to be in line with the Ministry expectations. It focuses on two projects: Grand Tortue Ahmeyim, operated by BP, and the SNE project, operated by Woodside.Grand Tortue Ahmeyim is located at the border between Senegal and Mauritania and lies in ultradeep-water.

25 Jan 2019

INVENTION: Pitching a Tent Underwater

(Credit: Michael Lombardi)

Divers are one step closer to being able to camp underwater. A pair of innovators have developed an underwater habitat – a subsea ‘basecamp’ if you will – that  provides a portable deep-sea space for divers, a habitat and dedicated life support system that provides creates a breathable environment. Developed by NYU Meyers professor Winslow Burleson and diving pioneer and explorer Michael Lombardi, the system was awarded a patent in December 2018.While advances in technology have enabled divers to explore deeper and stay there longer…

25 Jan 2019

Rebuilding Confidence in Reactivated DP Assets

© bomboman/AdobeStock

The offshore energy sector, like any industry, is constantly subject to market cycles. Challenging conditions may lower demand, resulting in a significant number of resources such as offshore support vessels (OSVs) and drillships being deactivated for potentially extended periods. Over time, however, cycles reverse and demand increases for these same assets.Operators reduced expenditures on offshore exploration and production activities, with a subsequent lower demand for these offshore assets, many of which were ultimately deactivated and laid-up (or “stacked”) for extended periods.

21 Jan 2019

GC Rieber Bags Statnett Management Contract

Norwegian shipping company GC Rieber Shipping has won a technical management contract from Statnett Transport for the Norwegian logistics company’s two RoRo vessels.The vessels are the 9,120-bhp Elektron (built 2008) and 1,500-bhp Elektron II (built 1969), said a stock exchange announcement from the company that operates offshore subsea support vessels, marine seismic vessels and polar logistics and research expeditions."The contract has a duration of three years plus options.

19 Jan 2019

Bahrain's First LNG Terminal Ready for Business

Bahrain expected to start LNG imports early this year; FSU on 20-year time charter to Bahrain LNG arrives in the GulfBahrain's first liquefied natural gas (LNG) floating unit arrived in the Gulf this week as the country gets ready for its maiden imports of the super-chilled fuel this year, data from Refinitiv Eikon showed.Bahrain Spirit, a floating storage unit (FSU) with a capacity of about 173,000 cubic meters, is currently anchored in Fujairah after docking in the United Arab Emirates region on Jan. 13, the data showed.The FSU is on a 20-year charter to Bahrain LNG, who is the developer of a wider receiving and regasification terminal within the Khalifa bin Salman Port facility…

17 Jan 2019

Offshore Service Market to Outspace Onshore Shale

Graph: Rystad Energy

Spending on the offshore service sector will outpace spending on the onshore shale sector this year, said Rystad Energy.According to Rystad's Oilfield Service Research report, service companies exposed to the offshore subsea market and the maintenance, modifications and operations (MMO) sector are set to benefit from this trend reversal.At current oil price levels, spending on land rigs, fracking and other services for the shale industry is likely to stay essentially flat in 2019.

16 Jan 2019

Subsea 7 Acquires Sealion Vessel

Seven Pegasus (Photo: Subsea 7)

Offshore contractor Subsea 7 announced Wednesday it has finalized the acquisition of a 2009-built multipurpose offshore construction and dive support vessel.The vessel Toisa Pegasus, formerly owned by Sealion Shipping, is to be renamed Seven Pegasus and will primarily support Subsea 7’s operations in the North Sea and Asia Pacific, the company said.The 133-meter vessel will undergo a docking and crew familiarization program before commencing operations in quarter two 2019.Designed and built by IHC…

15 Jan 2019

Alexandroupolis FSRU Delivery Delayed by Six Months

File Image: Gastrade

Greek utility company Gastrade has extended the timeline for completion of its Greek LNG development by six months to allow more time for the delivery of offshore floating, storage and regasification unit (FSRU) for the Alexandroupolis Independent Natural Gas System Project.Gastrade, the developer of the 5.5 billion cubic metre per year regasification project, has pushed back its completion date from the end of 2020 to the second quarter of 2021 to give interested suppliers more time to deliver an FSRU.The project is being developed by Gastrade…

10 Jan 2019

Seabed Solutions, Swire Seabed Join Forces for Dredging Services

Image: Seabed Solutions

Norway-based subsea operations specialist Swire Seabed and compatriot provider of comprehensive ocean bottom seismic (OBS) solutions to the global oil and gas industry Seabed Solutions have signed an exclusive cooperation agreement for the provision of subsea dredging services worldwide.A joint press release said that the expertise of the two companies is complementary, with Swire Seabed providing the Seabed Excavator, a state-of-the-art tracked subsea dredging vehicle with numerous capabilities…

09 Jan 2019

Jan de Nul Completes Umbilical Installation Offshore Egypt

Jan De Nul successfully completes first major umbilical installation project. Image: Jan De Nul

Marine engineering firm Jan De Nul Group Jan De Nul Group has completed the installation and burial of the two main subsea umbilicals for the exploitation of new gas fields in the West Nile Delta concessions, located in the North Alexandria region, offshore Egypt.According to the company release, specifically for this project, Jan De Nul Group reconfigured its multi-purpose vessel Willem de Vlamingh into an efficient Umbilical Installation Vessel.The two umbilicals, with a total length of 69 km, were loaded in Norway in May 2018 and transported to Egypt.

08 Jan 2019

Boskalis Wins Subsea Work in the Middle East

BOKA Constructor (Photo: Boskalis)

Royal Boskalis Westminster N.V. (Boskalis) announced Tuesday it has signed a multi-year subsea services agreement for an unnamed customer in the Middle East. The base value of the three-year contract amounts to $40 million with an option to extend.Under the terms of the contract commencing, The Dutch company said it will carry out a broad spectrum of subsea inspection, repair and maintenance (IRM) services, including integrity assessments for offshore platforms and tripods, wellhead jacket inspections…

08 Jan 2019

Forum Bags Mojave ROV Deal

(Photo: Forum Energy Technologies)

Oilfield products company Forum Energy Technologies said it has sealed a contract to supply a Mojave remotely operated vehicle (ROV) for the Norwegian firm ESEA Marine.Sub-Atlantic Mojave will also be used by ESEA Submarine’s sister company, ESEA Marine AS, which has customers that include fish farms, port authorities and insurance companies, said the international oilfield products company, serving the subsea, drilling, completion and  production sectors of the oil and natural gas industry.In addition…

08 Jan 2019

SeaRose FPSO Production Remains On Hold

SeaRose FPSO. Image: Husky Energy

Oil production continues to be suspended at the SeaRose FPSO, about 350 kilometers east of St. John’s for the last 50 days. There’s no information on when production will resume.Production was suspended and shutdown began on November 16 after two spills -  an estimated 250,000-liter spill - following a storm.Efforts were underway to resume production after the storm when a failed flowline connector near the South White Rose Extension drill center caused oil to be spilled into the environment.According to a notification from Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB)…

04 Jan 2019

Topaz Bags Wind Charter

Image: Topaz Energy and Marine

Dubai-based Marine logistics company Topaz Energy and Marine (Topaz) has signed an agreement with a north European contractor for the charter of Topaz's newbuild for offshore wind farms in the North Sea.The contractor will charter Topaz’s newbuild subsea vessel, Topaz Tangaroa, for work on renewable energy projects, primarily in support of offshore wind farms in the southern North Sea. The contract underlines the growing significance of offshore wind projects to Topaz.The oilfield…

28 Dec 2018

Transocean: $830M Drilling Contract for Ultra Deepwater Drillship

While the late 2018 oil price swoon has put a damper on an otherwise positive year for offshore energy markets, Transocean Ltd. (NYSE: RIG) ends the year on a positive, signing a construction management contract, as well as a five-year drilling contract with Chevron USA, Inc. for one of its two dynamically positioned (DP) ultra-deepwater drillships currently under construction at the Jurong shipyard in Singapore.The drilling contract has an estimated backlog of $830 million, excluding mobilization and reimbursables.The rig will be the first ultra-deepwater floater rated for 20,000 psi operations and is expected to commence operations in the Gulf of Mexico in the second half of 2021.In the event of termination for convenience by the customer…

Maritime Reporter Magazine Cover Feb 2019 - Ferry Builders

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