Brasco, APM Terminal Pact for Offshore Support
Brasco, a part of the Brazil's provider of integrated port and maritime logistics and supply chain solutions Wilson Sons Group company, has partnered with APM Terminals Pecém to set up a temporary logistics base at the Pecém Industrial and Port Complex.It will be the first offshore port support operation to take place in Ceará, said a press note from APM Terminals, an international container terminal operating company headquartered in The Hague, Netherlands.Scheduled to start in the first half of 2020…
BP, Premier Oil in $625M North Sea Deal
Energy giant BP has agreed a $625m deal to sell a package of North Sea assets. Premier Oil will take over the Andrew platform and BP's controlling stake in five surrounding fields, as well as its minority stake in the Shell-operated Shearwater field.BP operates the Andrew assets – comprising the Andrew platform, the Andrew (62.75%), Arundel (100%), Cyrus (100%), Farragon (50%) and Kinnoull (77.06%) fields and associated subsea infrastructure. It holds a 27.5% stake in the Shell-operated Shearwater field.“BP has been reshaping its portfolio in the North Sea to focus on core growth areas…
BW Offshore Gets Contract Extension for FPSO Polvo
BW Offshore has signed an agreement with Petrorio for a one-year extension for the lease and operation of the FPSO Polvo. The firm period has been extended to Q3 2019 (from Q3 2018), with options until Q3 2022. The company has also announced that BW Catcher FPSO received the First Oil Certificate following the successful completion of the 72-hour interim performance test subsequent to the introduction of hydrocarbons on 23rd December 2017. BW Catcher FPSO is owned and operated by BW Offshore and the First Oil Certificate confirms the commencement of a seven-year fixed term contract…
BW Catcher Sails to North Sea
BW Offshore, a leading global provider of floating production services to the oil and gas industry, announced the sail away of the FPSO BW Catcher. The vessel has left Keppel Shipyard in Singapore and is currently in transit to the Catcher field in the central North Sea. BW Catcher is expected to reach UK waters early in the fourth quarter, depending on prevailing weather conditions. Upon its arrival, BW Catcher will commence a seven-year fixed term contract, with extension options of up to 18 years, with Premier Oil.
BW Offshore to get FPSO from Keppe
Keppel Shipyard Ltd (Keppel Shipyard), is on track to deliver a Floating Production Storage and Offloading (FPSO) vessel to BW Catcher Limited, a wholly-owned subsidiary of BW Offshore. When completed BW Catcher will be on a 7-year fixed term and 18 years of options contract with Premier Oil and will be deployed to the Catcher Field located in Central North Sea, UK. Keppel Shipyard's work scope on the FPSO include the installation and integration of topside modules. BW Catcher is scheduled for sailaway from the shipyard in the next few months and is on track to achieve its first oil in 2017.
Cost Reduction of Well Construction on UK Continental Shelf
Since 2004, well construction costs in the UK Continental Shelf (UKCS) have doubled, directly impacting drilling activity which is currently at an all-time low. However, collective industry efforts are already focusing in on how a reduction in core drilling costs of 50 per cent could potentially unlock around five billion boe of known reserves over the next decade. The significant work the industry is doing through the Technology Leadership Board (TLB) to address the well cost reduction challenge…
Keppel Secures Marine Projects worth S$120 mln
Keppel Offshore & Marine Ltd (Keppel O&M)'s wholly owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) has secured four contracts worth a total of about S$120 million from repeat customers. Mr Michael Chia, Managing Director (Marine & Technology) of Keppel O&M, said, "We are pleased to secure new orders from long-time customers who continue to entrust their projects with us, whether it is for turret fabrication or vessel upgrades. The first contract that Keppel Shipyard secured is from BW Catcher Limited…
Ocean Rig Loses Two Drilling Contracts
Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, announced that two of its drilling contracts have been terminated. The Nasdaq-listed drilling affiliate of DryShips said that Total E&P Congo has terminated its long-term charter of the ultra-deepwater drillship Ocean Rig Apollo, which is currently deployed in Congo and will be demobilised “in due course”. As per the contract Ocean Rig is entitled to a termination fee that varies from 50% to 95% of the operating daily rate that will be payable over the balance of the contract.
Premier Oil and Rockhopper Abandon Ocean Rig Contract
Two of the major British players in Falkland Islands offshore oil development, Premier Oil and Rockhopper Exploration, cancelled a joint venture contract with Ocean Rig UDW. In June 2014, the companies entered into a contract with Ocean Rig for the provision of the Eirik Raude for an exploration drilling campaign in the Falkland Islands. However, following a number of material "operational issues" with the rig, Premier and Noble Energy issued a termination notice to Ocean Rig on Thursday, terminating the contract with immediate effect.
Teekay LNG Announces Board Changes
Teekay LNG Partners L.P. announced changes to Teekay LNG’s board of directors. Jane Hinkley has been appointed to the chairmanship position succeeding C. Sean Day, who will remain a director of Teekay LNG and chairman of the partnership’s sponsor, Teekay Corporation. Hinkley has been a director of Teekay LNG for over 10 years and has management and board experience in the shipping and oil and gas industry, including serving as the managing director of Navion Shipping AS, and chief financial officer and managing director of Gotaas-Larsen Shipping Corporation…
Ineos to Add Talent to Support North Sea Expansion
North Sea oil and gas would supply INEOS plants in Europe; advertised positions include CEO, geologist, engineer. Swiss-based petrochemical and refining company Ineos is looking to expand into North Sea oil and gas production by hiring a number of senior and mid-level staff, its website showed on Monday. The post of CEO of the new offshore oil and gas business has a remit "for leading a strategic review to support the INEOS entry into North Sea production, culminating in investment recommendations to the main INEOS board," the website said.
Drydocks World's to build BorWin3
Drydocks World signed an agreement today with Petrofac to build the BorWin3 high voltage direct current (HVDC) converter platform in the North Sea, named BorWin gamma. When completed, this will provide an essential renewable offshore resource to meet increasing energy demands. Drydocks World has successfully secured the contract for the fabrication, commissioning and load out of the BorWin3 platform, which will transmit electricity from the connected offshore wind farms to the mainland of Germany.
Lerwick Harbor Handles Solan Field Storage Tank
Lerwick Harbour has again demonstrated its deep-water capacity and capabilities, this time by simultaneously accommodating two giant support vessels and the successful offloading of a 10,000 tonne subsea oil storage tank, destined for west of the Shetland Islands. The sheltered port’s facilities and proximity to the Solan Field, being developed by Premier Oil 90 kilometres into the Atlantic, meant is was perfectly placed for final preparation of the tank ahead of installation.
HE Khamis Juma Buamim Receives IMC Award
His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime World received the Award for Excellence in Shipyard Management for Offshore Services at the First International Marine Club (IMC) Golden Helm Excellence Awards (2014)-Middle East for making outstanding contributions to the sector. The ceremony was held recently at the Emirates International Maritime Academy in the presence of prominent leaders & stalwarts from the maritime and offshore oil & gas sectors which…
Drydocks World Announces Safety Milestones
Drydocks World & Maritime World group said it reiterated its commitment to Occupational Health & Safety during World Safety & Health Day on April 28, 2014. Several awareness programs and competitions were organized for employees on this day in Drydocks World, Dubai Maritime City, Jadaf and its subsidiaries. The shipyard also announced major safety milestones on two of its key projects including achievement of 2.5 million man hours LTI-free on the pioneering DolWin beta project and 2 million man hours LTI-free in April…
Two New Vice Presidents at Senergy
Global energy services company Senergy has bolstered its senior management team with the appointment of two vastly experienced vice presidents (VP) who have a combined total of more than 60 years’ experience in the offshore industry. The company, which provides fully-integrated project and asset development services across the energy sector, has appointed Ian Williamson VP of Contracts and Commercial and Dave Reed VP of Business Efficiency. The company said both positions have…
Vietnam Offshore Contract for EMAS AMC
EMAS AMC contracted by Petroleum Technical Services Corporation Mechanical and Construction to provide facilities for the Dua sub-sea field. Singapore-based EMAS AMC, the subsea division of EMAS, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, has been awarded a contract from Petroleum Technical Services Corporation Mechanical and Construction (PTSC M&C) for the transportation and installation of facilities for the Dua subsea field, which will be developed as a subsea tie-back to the Chim Sao Field in offshore Vietnam.
Keppel O&M Clinches More Contracts
Keppel Offshore & Marin Ltd (Keppel O&M), through its subsidiaries, Keppel Shipyard Limited (Keppel Shipyard) and Keppel FELS Limited (Keppel FELS), has secured contracts worth $114.8m for a Floating Production Storage and Offloading (FPSO) vessel conversion, a Derrick Lay Barge completion and the life extension of a semisubmersible rig. Tong Chong Heong, CEO of Keppel O&M said, “As market sentiments liven up, we are receiving more enquiries with some new contracts materialising in the last quarter of this year.
Drydocks World Office in Abu Dhabi
Drydocks World, a ship repair, conversion and new building yard, announced the establishment of its representative office in Abu Dhabi. Hamed Mohammed Bin Lahej, - Drydocks World Executive Vice Chairman and Regional CEO for the Middle East, Asia and Africa, inaugurated the office. He said, “The UAE capital offers great potential for our line of business. The office was inaugurated on the sidelines of the Middle East Workboats Exhibition that took place recently at the Abu Dhabi National Exhibition Centre…