Buchan Alpha Arrives in Shetland for Decommissioning
The Buchan Alpha oil production vessel has arrived safely in Lerwick, Shetland for disposal. A semi-submersible moored floating production vessel, weighing 12,000 tonnes, Buchan Alpha was built in 1973 as a drilling rig and converted for production purposes in Stornoway between 1978-80. The vessel commenced production in 1981 from the Buchan field, located in blocks 21/1A and 20/5A, and has subsequently also produced the nearby Hannay field. Production ceased, as planned, on 12 May 2017 having produced around 148mm barrels of oil.
GranInvestimentos and Royal IHC Join Forces
Brazilian company GranInvestimentos and Dutch company Royal IHC are joining forces to deliver integrated life cycle solutions to customers in the oil and gas sector. Through this partnership, both companies are set to increase their operational and service activities, and expand their presence in Latin America. The association came into effect when IHC acquired a 50 percent share of GranEnergia – a subsidiary of GranInvestimentos that is active in the oil and gas market. The new partnership will be named GranIHC Services.
CNOOC Mulls LNG Vessel Orders
CNOOC has it in mind to order 14 medium & small-sized LNG ships from Chinese shipyards. The Group is China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world. It mainly engages in exploration, development, production and sales of oil and natural gas. The Group’s core operation areas are Bohai, Western South China Sea, Eastern South China Sea and East China Sea in offshore China. In overseas, the Group has oil and gas assets in Asia, Africa, North America, South America and Oceania.
Study: O&G Setback Cost U.S. Jobs
figures. According to the study conducted by Quest Offshore Inc., the Gulf offshore oil and gas industry supported more than 240,000 jobs across the country while contributing more than $26 billion to the nation’s GDP in 2010. "The Gulf offshore oil and gas industry supports tens of thousands of jobs outside the Gulf of Mexico," said Randall Luthi, president of NOIA. But offshore industry-related jobs are down from 2008, the study shows, due in part to the poor economy, the deepwater moratorium, and the continuing slow pace of new drilling permits in the gulf.
KBA Europe, Batok Offshore Partner in West Africa
KB Associates Europe Limited KBA(E) has announced a new partnership with the local representative – Batok Offshore and Oil Services Nigeria Limited for the arrangement of KBA(E)’s specialist training courses in country; such as Client Worksite Representative, Combined Diving System Assurance and FMECA Awareness, and Intensive FMECA courses, to be delivered in Lagos – Nigeria. The partnership aims to facilitate local training and consultancy provision to West African Consultants…
Peterhead Port Secures Offshore Wind Contract
Peterhead Port Authority is set to support the start of offshore construction work for the European Offshore Wind Deployment Centre (EOWDC) after signing an agreement to harbor the suction bucket jacket foundations for the 11-turbine scheme. The contract will see the port moor one of the world’s largest floating cranes, with a maximum lifting capacity of 5,000 metric tons, and up to six barges that will transport the 11 foundations - the heaviest of which weighs around 1,800 metric tons and is about 77 meters high.
Western GofM Oil/Gas Lease Bidding: NOIA Comments
National Ocean Industries Association President Randall Luthi encouraged by sales, urges further offshore developments. "This sale is on-par with expectations and shows that the offshore oil and natural gas industry is still committed to domestic exploration and production. The Federal government benefits from this sale through non-income tax revenue and the promise of future income through rents and potential royalties upon production. With enormous economic challenges facing the U.S.…
Four Killed in Explosion at South Korean STX Shipyard
Four workers were killed Sunday in an explosion at an oil tanker being built in a South Korean shipyard, Reuters reported quoting authorities. Fire officials said the workers were painting the interior of the tanker at an STX Offshore & Shipbuilding plant in the southeastern city of Changwon and died almost instantly. The workers in their 30s to 50s were painting inside a 12-meter-deep oil tank at the time of the accident. The fire agency recovered the bodies of the three victims.
Top 10 Maritime Nations: Ranked by Value
The March 2017 edition of Maritime Reporter & Engineering News focuses on SINGAPORE, as this maritime powerhouse struggles to maintain balance and influence through the offshore oil and gas downturn. Looking at the "Top 10 Nations" ranked by value from VesselsValue.com, Singapore ranks #5 with 2,662 vessels, comprising 64.03 million GT and a $41.7 billion valuation, just behind the United States at #4 (2,399 vessels, 55.92m GT, $46.5 billion valuation).
China Rongsheng Chairman Quits
Chairman of China's largest private shipbuilder, Zhang Zhirong, steps down from China Rongsheng Heavy Industries Group. Determined to put scandal behind it, China’s largest private shipbuilder, China Rongsheng Heavy Industries Group, has said its chairman has stepped down. to be replaced by the yard’s CEO, Chen Qiang, reports SinoShip News. Rongsheng was hit by an insider dealing scandal involving a firm owned by Zhang ahead of the $15.1bn bid for Canadian oil firm Nexen Inc by China offshore oil and gas producer CNOOC.
Offshore Wind Delivers Success for Montrose Port
Montrose Port Authority said it has supported its first project within the offshore renewable sector, heralding a new era of capabilities for the energy industry support and service hub. In association with NorSea Group (UK) Ltd, a subsidiary of Norwegian logistics company NorSea Group AS, the port is participating in the Hywind Scotland offshore wind project. The four-week campaign consisted of five port calls for anchor handling tug supply vessel, the Normand Prosper. After loading chain and mooring equipment to the vessel…
Crowley’s Busch Joins Sea Machines’ Board
Todd Busch, Sr. Vice President & General Manager, Technical Services, at Crowley Maritime, has joined Sea Machines Robotics’ board of directors. The Boston-based Sea Machines is building autonomous control technology for commercial vessels. Busch, who joined Crowley in 1987 as an ordinary seaman, is currently responsible for naval architecture and marine engineering, government services, ship management, marine salvage and wreck removal, new-vessel construction and the chartering and operations of Crowley’s offshore tug and barge fleet.
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'.
UK Offshore Oil & Gas Sector: Investment Hits 30-year High
Tax changes to encourage growth in the UK oil & gas sector have led the industry to make its highest investment for more than 30 years. According to the recently published Oil & Gas UK, 2013 Activity Survey, thousands of jobs are now being created across Britain and the production of UK oil and gas and resulting tax revenues can now confidently be expected to rise over the coming years. The Activity Survey shows a diverse mix of investment, ranging from projects of less than £50 million through to some of over a billion pounds, in total soaring to £11.4 billion in 2012.
Husky Energy Pact for Canadian Offshore Project
NC-Lavalin, Dragados Canada and Pennecon announced that their General Partnership (GP) has been awarded a construction contract from Husky Energy as part of the company's West White Rose Project in Newfoundland and Labrador. The GP will build a concrete gravity structure (CGS) for a fixed drilling platform. The CGS, with an overall height of 145m and base diameter of 122m, will require 76,000m3 of concrete in its construction, which will take place in a purpose built dry dock from 2017 to 2021.
Korea's STX Offshore Gets Emergency Loans
Creditors of the ailing shipbuilder agree to provide STX Offshore with (US$540 million) in emergency loans. The news is cited as coming from the main creditor bank and is reported by the Yonhap News Agency. STX Offshore, the shipbuilding unit of STX Group, a South Korean shipping and shipbuilding conglomerate, has been suffering a credit crunch as demand for new ships has fallen sharply in the past few years. Source: Yonhap News Agency
Pharos Offshore Hires Deepsea Worker
Pharos Offshore Group are in the process of mobilising the newly named DP2 Deepsea Worker with a Work Class ROV, an Observation Class ROV and a subsea excavation spread, ready for 2016/2017 operations. Aleron Subsea will be Pharos Offshore’s ROV partner during the period, providing a comprehensive vehicle support package, whilst Pharos operates the equipment. Amongst the equipment to become available on the vessel will be a full Pre-Lay Grapnel Run spread, boulder clearance spread and cable recovery spread.
SPE Award for Survitec Group
Two safety and survival systems developed for use in the UK’s offshore sector by the Survitec Group were recognised for their industry-leading importance when they won the Safety Innovations Award in the recent Offshore Achievement Award organised by the Society of Petroleum Engineers (SPE). The Safety Innovations Award recognises excellence in innovative technology and products that have been developed in the UK and which contribute to offshore safety. In particular, it looks at how they contribute to the overall objective of improving individual…
Wison Granted AIP for Its Innovative Floating LNG Storage
Wison Offshore & Marine announced that it has received Approval in Principle (AIP) from Bureau Veritas for its newly-developed large-scale Floating LNG Storage and Regasification Terminal. Featuring scalable storage capacity up to equivalent size of a Q-Max, this is the first large-scale FSRU barge design that has been granted AIP by a classification society. It also marks that Wison is now capable of providing comprehensive range of FSRU solutions catering LNG import markets with various scales of demand.
Offshore O&M Expenditure Forecast: $335B in 5 Years
More than $335 billion worth of expenditure is expected over the next five years on offshore oil & gas operations & maintenance (O&M), according to a new report, The World Offshore Operations & Maintenance Market Forecast 2012-2016, by Douglas-Westwood (DW). Growth of 8% in expenditure is forecast annually 2012-2016, with O&M markets considerably less vulnerable to downturn than their capital-led counterparts. The underlying driver for all activity, both onshore and offshore, is the growth in global energy demand which…
FMC Technologies Receives $125 Million Order From Petrobras
FMC Technologies (NYSE: FTI) announced today that it has received a $125 million order from Petrobras (NYSE: PBR, PBRA), Brazil's national oil company, to supply equipment for use in their oil and gas developments offshore Brazil. The order, for 32 subsea trees, represents the remaining equipment under a 107-tree frame agreement that was announced in February of 2010. Equipment deliveries are scheduled to begin in 2013. "We have been a key supplier to Petrobras for decades and have delivered over 300 subsea trees for their projects in Brazil…
Hyundai Heavy Closes Onsan offshore
Hyundai Heavy Industries has temporarily shut one of its two factories making offshore oil rigs - Onsan plant in South Korea - due to downturn in the global oil and gas industry. The closure Onsan underscores the dire state of the country’s big shipbuilders as dearth of orders as the crude price rout forces international oil companies to cut spending. “Our ongoing projects will complete in March. From then we do not have a further order to work on, and the operation will stop until we get a new one,” a company spokesman told local media.
Leading Industry towards Offshore Excellence
Working offshore can be dangerous business. Miles from shore with nothing but water in all directions, offshore crews perform highly complex operations with little margin for error, and the potential for severe consequences if something goes wrong. We were reminded of this just a few weeks ago, when an explosion and fire aboard a shallow-water production platform offshore Louisiana on November 16 resulted in the tragic deaths of two confirmed crewmembers and severe injuries to many others.
NOIA President Responds to Vermillion Platform 380 Accident
“Any accident in the offshore energy industry is certainly worthy of attention, whether it be as minor as a trip and fall or something resulting in serious injury. The good news is that today, there was no loss of life. But coming just four months after the Macondo well accident, today’s incident hits everyone’s radar. While we do not yet know the cause of today’s accident, we must keep things in perspective, and remember that accidents happen in almost any occupation. We should also remember that oil and gas is vital to our economy and everyday lives.
OSX Shipbuilding Announces Finance Deal
OSX Brasil S.A., a Brazilian corporation engaged in the equipment and services sector for the offshore oil and gas industry, by means of integrated operations in shipbuilding, chartering of exploration and production (E&P) units, and operation and maintenance (O&M) services, announces to its shareholders and the market in general that: The Board of Directors of the Merchant Marine Fund (Fundo da Marinha Mercante - FMM) approved the prioritization of financial support for the Açu Shipbuilding Unit ("UCN Açu") project of OSX Construção Naval S.A.…
COSCO Singapore Doubles Chinese Yard Investment
Singapore-listed Cosco Corporation subsidiary Cosco Shipyard Group increases its investment in the registered capital of 60%-owned Cosco Qidong Offshore, China. Cosco has increased its investment by RMB300-million to RMB600-million. The other investors in the yard have also doubled their investment at the fast growing offshore complex so the shareholding structure remains the same, reports SinoShip News. Eight days ago Cosco Qidong announced it had won a contract for a harsh environment semi-sub rig from Axis Offshore, a joint venture between Danish shipowner, J.