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Monday, December 17, 2018

Saipem News

Image: Hansa Heavy Lift

Hansa Heavy Lift Delivers Egina Carousel to Nigeria

Hansa Heavy Lift  has transported a giant carousel together with eight reels, weighing a total of 3,508.7 metric tonnes, from Newcastle, United Kingdom to Lagos, Nigeria destined for the Egina Oil Field.The voyage took place on board the super heavy lift vessel HHL Lagos, which was mobilised in Rotterdam, the Netherlands, to prepare the vessel with additional deck strength for the extralarge carousel, which weighed over 2,200 metric tonnes including spooled product and had a diameter of over 25 metres.“Close connection between the Hansa Heavy Lift engineering…

Photo: Aker BP

Kvaerner Bags Two Contracts for Disposal of Platforms

Kvaerner has entered into an agreement with Allseas for the recycling of the topside and bridge of the 36-year-old Valhall QP platform when Allseas removes this installation for operator Aker BP in 2019. The structures will be deconstructed during winter 2019 and spring 2020. Kvaerner has also signed a contract with Saipem Uk for disposal of the Varg A installation. Saipem will remove the installation from the field on behalf of Repsol. Varg A was originally  delivered by Kvaerner’s yard in Verdal, Norway in 1997.

Logo: The Standard Club

Standard Club Establishes New Offshore Advisory Committee

The Standard Club is driving developments in offshore P&I with the launch of the Standard Club Offshore Advisory Committee (SCOAC). SCOAC aims to analyse offshore trends, assist the club in further understanding and disseminating industry best-practice and develop new strategies to provide a focused direction for the benefit of the club’s offshore membership. The committee consists of leading offshore players including Allseas Group, Bumi Armada, Floatel International, Nortrans Offshore, Saipem, SBM Offshore and Subsea 7 – all members of The Standard Club.

Richard Benzie (Photo: IMCA)

IMCA to Hold Marine Seminar in the Netherlands

‘Practical Vessel Assurance for Safe & Efficient Operations’ is the theme of a two-day Marine Seminar to be held by the International Marine Contractors Association (IMCA) on Wednesday 14 and Thursday, June 15, at the Novotel Amsterdam Schiphol. The Seminar will bring together IMCA members and guests eager to listen to presentations on four key topics – ‘Reactivation of DP vessels after a period of layup’; ‘Investigation and analysis of DP station keeping events’; ‘The role maritime bodies play in vessel assurance’…

Kipevu Oil Terminal to Be Relocated

The Kipevu Oil Terminal at Mombasa Port will be relocated early next year, to Dongo Kundu area, as a result of the ongoing capacity expansion program, the Kenya Ports Authority announced. The new oil terminal is expected to have a capacity to accommodate four vessels of up to 200,000 DWT. The project also involves building new cargo handling facilities with both subsea and land based pipelines and four berths capable of loading/discharging crude oil, HFO, DPK-aviation, AGO-Diesel and PMS-Petrol.

Kipevu Oil Terminal at Mombasa Port to Relocate

Kenya Ports Authority annoucend: Kipevu Oil Terminal at Mombasa Port will be relocated early next year, to Dongo Kundu area, as a result of the ongoing capacity expansion programme. New, upgraded modern oil terminal is expected to have a capacity to accommodate four vessels of up to 200 000 DWT. The project also involves building new cargo handling facilities with both, subsea and land based pipelines and four berths capable of loading/discharging crude oil, HFO, DPK-aviation, AGO-Diesel and PMS-Petrol.

Photo Courtesy BW Offshore

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…

Shah Deniz Stage 2, or Full Field Development (FFD) is a giant project that will add a further 16 billion cubic meters per year (bcma) of gas production to the approximately 9 bcma produced by Shah Deniz courtesy Saipem Contracting Netherlands

Shah Deniz Partners Award Subsea Installation Deal

The Shah Deniz consortium today announced the award of a $1.5 billion contract for the transport and installation of the deeper water subsea production systems for Shah Deniz Stage 2 to the BOS Shelf LLC, Saipem Contracting Netherlands B.V. and Star Gulf FZCO consortium. The scope of work of the contract is for the management and operation of the new-build Subsea Construction Vessel (SCV) Khankendi for the transport and installation of the deeper water subsea production systems and subsea structures at all five flanks of the project.

Courtesy Saipem S.p.A.

Moody's Reviews Saipem's Rating

San Donato Milanese (Milan), February 10, 2016 – Saipem S.p.A., informs that today Moody’s, through the publication of a press release on its website [www.moodys.com] given below has communicated that it has placed under review the provisional issuer rating of "(P) Baa3 " attributed to Saipem, for a possible downgrade. Saipem was assigned its provisional rating, and which has caused Moody’s to downgrade its expectations for future oil prices. • On the potential impact of the weaker market context on Saipem’s future ability to generate cashflows in line with the strategic plan.

Photo: Subsea 7

Subsea 7 to Exit Singapore for Kuala Lumpur

Rising costs of doing business in Singapore has forced Subsea7 to switch its regional headquarters from the city to Kuala Lumpur (KL), says a report in Business Times. Against a backdrop of persistently low oil prices, fresh concerns have emerged over Singapore's competitiveness as an offshore and marine (O&M) hub, following a decision made by a fourth top-tier international subsea contractor to ship out most of its operations to KL. The Oslo and Nasdaq-listed Subsea 7 will offer only a handful of its staff in Singapore relocation options to Kuala Lumpur.

OIS Names Shellard Managing Director in Aberdeen

Offshore Installation Services Ltd (OIS), an Acteon company, has named Colin Shellard as its new managing director. Based in Aberdeen, Shellard is responsible for setting the strategy at OIS, as the company continues to focus on new opportunities in the offshore decommissioning sector. He will also play a key role in developing opportunities for OIS to work together with other Acteon companies. Shellard has more than 16 years of experience in offshore construction and subsea engineering.

Saipem Statutory Auditor Resigns

Professor Anna Gervasoni has resigned from the position of Statutory Auditor of Saipem S.p.A. due to “new professional and academic commitments”, Saipem announced today.   Gervasoni had been appointed from the list presented by Eni S.p.A. at the General Shareholders’ Meeting of May 6, 2014.    In accordance with the law and the Company’s Articles of Association, the Alternate Auditor Giulia De Martino assumes the position of Statutory Auditor. De Martino had been elected Alternate Auditor at the General Shareholders’ Meeting on April 30, 2015 at Eni’s proposal.

Image: Polskie LNG

Poland Expects First LNG Shipment Next Month

As Świnoujście terminal which is designed to reduce Poland’s dependence on natural gas imported from Russia is at the final stage, Poland expects to receive its first cargo of liquefied natural gas (LNG), reports Reuters. The terminal, being built in the Baltic city of Swinoujscie, is Poland's flagship project to diversify its gas supplies and reduce a dependence on Russia. Gaz-System’s unit Polskie LNG, which is building the import terminal, said it had reached an agreement with Italian company Saipem, the main contractor of the scheme, which was due to be carried out last year.

Polish LNG Terminal. Photo: Polskie LNG

LNG Terminal in Poland Will be Ready This Year

Świnoujście terminal which is designed to reduce Poland’s dependence on natural gas imported from Russia will be completed by the end of the year, Polskie LNG, a company designed to conduct the investment, informed in a press release. Poland's liquefied natural gas (LNG) import terminal in Świnoujście will receive its first cargo of the chilled gas by the end of 2015. However, the terminal on the Baltic Sea will be ready for commercial exploitation in the second quarter of 2016.

Keppel Shipyard

Keppel Shipyard Wins FPSO Conversion Contract

Even as world energy prices continue to maintain low pricing levels, offshore contracts are there to be won. Keppel Offshore & Marine Ltd has secured a Floating Production Storage and Offloading (FPSO) conversion contract as well as three repair, upgrade and modification contracts worth a total of about S$125 million. The FPSO conversion project Keppel Shipyard will be undertaking is for Armada Madura EPC Limited, a joint venture between long-standing customer Bumi Armada Berhad (Bumi Armada) and Shapoorji Pallonji Group (Shapoorji Pallonji).

Maria Ancheril (Photo: Xodus Subsea)

Xodus Subsea Strengthens Americas Team

Xodus Subsea has appointed a General Manager and Business Development Manager to drive activity in the Americas, as the company aims to challenge the largest tier one subsea engineering companies for a share of the market in the region. Amedeo Marcotulli is the company’s new General Manager – Americas, and previously worked with Genesis where he was Subsea Business Unit Director for Asia Pacific. He will be based in Houston and will be responsible for all aspects of Xodus Subsea operations in North and South America.

Courtesy Aker Solutions

Aker Solutions Wins Offshore Mexico Order

Aker Solutions won its first order for a project offshore Mexico as it secured a contract from Saipem to supply umbilicals for the Pemex-operated Lakach deepwater natural-gas field. Aker Solutions will deliver electro-hydraulic steel tube umbilicals of about 73 kilometers (45 miles) that will help connect Mexico's first subsea gas development to onshore processing facilities. The field is located about 98 kilometres (60 miles) southeast of Veracruz at depths of between 900 and 1,200 meters in the Gulf of Mexico. It is targeted to supply 400 million standard cubic feet per day.

ASRY Rig Division’s Deliveries All on Time in 2014

In 2014, ASRY Offshore Services completed every one of its repair scopes within schedule, on-budget, and with leading safety standards. ASRY, a ship and rig repair yard in the Arabian Gulf, has confirmed that its Offshore division, which specializes in rig repairs, achieved 100% on-time delivery of all the rig projects completed in 2014. Global clients including Saudi Aramco, Saipem, Nabors Drilling, Egyptian Drilling Company and more chose ASRY for their rig repair projects last year, which totaled 17 rigs, and all took delivery of its vessels on schedule, and within budget.

Photo: Drydocks World

Dubai: New Drydocks Record

Drydocks World, the international service provider to the shipping, offshore, oil, gas and energy sectors, handled 37 projects simultaneously in the Dubai yard, exceeding the previous record of 35 vessels. “Since January 2015 Drydocks World has increased the rate of vessel completion, with 33 per cent more vessels leaving the yard in March,” the company press release said. Drydocks World’s 37 projects include dredgers, rigs, gas carriers, tankers and container ships, which are being repaired and refitted for clients such as Chevron Shipping…

Canadian Oil Sands Woes Reach Maritimes

Cory Troke joined the exodus west two years ago, leaving scenic but job-scarce Cape Breton, Nova Scotia, after being laid off as a machinist. Troke, 37, headed to the Alberta oil sands, apprenticing as a pipefitter and finding 19 months of steady work, flying in for two weeks, returning home for one. By October Troke was out of work again, and he was not alone. A downturn driven by tumbling crude prices is causing turmoil in an island economy that has grown dependent on workers commuting more than 3,000 kilometers (1,860 miles) west.

Stefano Cao Tapped to be Saipem CEO

Former Eni manager Stefano Cao will be appointed chief executive of Italian oil service company Saipem to replace Umberto Vergine at a shareholder meeting in April, two sources close to the matter said. "There's a consensus in the company and government on this position," one of the sources said. Cao, who was executive chairman of Saipem until 2000, was a long-standing manager at state-controlled oil major Eni, which he left in 2008. Eni, which owns 43 percent of Saipem, declined to comment. The board of Saipem will be renewed at a shareholder meeting scheduled for April 30.

Keith McGregor and Mike Flaherty (Photo courtesy: etpm)

etpm Bolsters Offering to O&G Sector

Subsea and marine recruitment specialist etpm has introduced two new key service lines and made two senior appointments to further grow and develop its service offering to companies operating in the current economic climate in the oil and gas sector. The latest editions to its offshore recruitment service are a specialist survey recruitment team and a dedicated ROV Division. These key areas have been implemented to meet high client and industry demand due to the hard to find nature of these disciplines.

Pictured from left to right, Mr. Borja Garaygordobil, General Director of Zamakona Yards Canarias and Mr. Pablo Moya, Managing Director of GS-Hydro Spain, Portugal and France

Zamakona Yards Join Forces with GS Hydro

Zamakona Yards signed a collaboration agreement with finish Multinational GS Hydro. The agreement, with an initial duration of two years, will include hydraulic services in the already extensive range of services offered by the Zamakona Yards group in the Canary Islands. Today was held at the Zamakona Yards offices in Las Palmas Port the formal agreement between the two groups materialized by Mr. Borja Garaygordobil, General Director of Zamakona Yards in the Canary Islands and Mr. Pablo Moya, Managing Director of GS-Hydro for Spain, Portugal and France.

Gazprom Management Committee addressed the progress with the South Stream gas pipeline construction project

South Stream’s offshore section Set for Construction

It was stressed that South Stream gas pipeline project was ready for constructing. This includes the most complicated part of the project – the first and the second strings of the offshore gas pipeline. FEED activities are completed for the offshore section. At present, the project contractor Saipem is engaged in detailed engineering of the submerged trunkline. Almost 300 thousand tons of pipes have been supplied for the first offshore string. Pipeline sections for the deep-water part are currently being welded in the port of Burgas.

Paterson Elected to Tidewater Board of Directors

Tidewater Inc. announced the election of Richard D. Paterson to its board of directors for a term beginning November 13, 2014 and expiring in July 2015. Richard D. Paterson is a certified public accountant who retired from Price Waterhouse Coopers LLP (PwC), an international network of auditors, tax and business consultants, in 2011 after 37 years of service. At the time of his retirement, Paterson served as the global leader of PwC's Consumer, Industrial Products and Services Practices comprising the automotive…

Colin Manson, CEO of Xodus Group

Saipem in Subsea Deal with Chiyoda, Xodus

Italian oil service group Saipem said on Thursday it had set up a venture with energy consultant Xodus Group and Japanese engineering company Chiyoda to develop business in the subsea sector. Saipem, 43 percent controlled by Italian oil major Eni , said the new company called Xodus Subsea would provide services focusing on the early phase of projects. "We believe that the subsea sector is continuing to grow and through this partnership Saipem will gain an early understanding on how future projects are being developed," Saipem CEO Umberto Vergine said in a statement.