Transocean Retires Six Floaters
Transocean announced its intent to retire the ultra-deepwater floaters GSF Jack Ryan, Sedco Energy, Sedco Express, Cajun Express, and Deepwater Pathfinder, and the deepwater floater Transocean Marianas. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. All six rigs were previously cold stacked. The company will recognize an impairment charge of approximately $1.4 billion during the third quarter of 2017 associated with these actions.
U.S. Oil Exports set to Take Off by 2022
Enterprise sees four-fold jump in U.S. crude exports by 2022. Crude oil exports from the United States will increase to meet 5 percent of global demand by 2022, as refiners seek more low-sulphur crude to meet stricter rules for cleaner fuels, an executive from Enterprise Partners LP said on Monday. U.S. oil exports may rise to about 4 million barrels per day (bpd) by 2022, a four-fold jump from this year, said Brent Secrest, a senior vice president at Enterprise Products. During that same period…
Australian Supply Crunch Squeezes LNG Exporters
Spot LNG exports in government's cross-hairs; ConocoPhillips, Origin, Shell now in the firing line. The Australian government on Monday warned that the country's east faced a worse-than-expected natural gas shortfall in 2018, but the competition watchdog said the gap could easily be filled by diverting uncontracted exports to the local market. It is now up to the government to decide by Nov. 1 whether to pull the trigger on its Australian Domestic Gas Security Mechanism, which…
South Korea to Build World's Largest LNG-Fueled Ship
In an effort to go green amid looming strict emission rules, South Korea will launch a pilot program to build the world's largest vessel powered by liquefied natural gas (LNG), reports Yonhap. South Korean Ministry of Oceans and Fisheries said it will join forces with local shipyards, builders and state institutes to develop a class of 180,000-ton LNG-propelled vessels. The government launched a task force in January made up of local companies to develop the emerging marine transport sector to comply with the International Maritime Organization's sulfur cap on bunkers…
India's Essar Plans Four LNG Terminals
Ruias-owned Essar Ports Ltd is exploring the possibility of setting up four Liquefied Natural Gas (LNG) terminals in joint ventures with other companies, reported Economic Times. Rajiv Agarwal, managing director and chief executive of Essar Ports, told PTI at a company-run facility here. He said the company is looking at a cluster of small ports which will be closer to potential customers, adding that Hazira and Salaya, where it already operates ports, could be the sites where it can set up the LNG terminals.
Total, Chevron Team up in Gulf of Mexico Oil Exploration
Total announced that its subsidiary, TOTAL E&P USA, INC., has entered into an agreement to capture seven prospects operated by CHEVRON U.S.A. INC. in the deepwater Gulf of Mexico. The agreement covers 16 blocks. The associated prospects are located in two promising plays and areas of the GoM: Wilcox in Central GoM next to the Anchor discovery, and Norphlet in Eastern GoM nearby to the Appomattox discovery. Total’s participation in these wells will be between 25 percentand 40 percent.The first of these wells was spudded late July on the Ballymore prospect in Mississippi Canyon.
SEACOR Chooses Kongsberg Hybrid Power Solutions
A new integrated ‘Full Picture’ technology delivery is set to enable significant operational efficiencies for the MEXMAR owned Platform Supply Vessel (PSV), SEACOR Maya. Mantenimiento Express Marítimo SAPI de CV (MEXMAR) is SEACOR Marine’s joint venture in Mexico, which operates 15 offshore supply vessels. The contract, signed this September for delivery in January 2018, focuses on the integration of a sophisticated new hybrid power solution designed by Kongsberg to assist SEACOR Marine and MEXMAR in meeting strict environmental regulations by decreasing CO2…
Golar LNG Appoints Iain Ross as CEO
Shipping company Golar LNG Ltd said it has appointed Iain Ross as its new chief executive. Ross succeeds Oscar Spieler, who was appointed as CEO last year after having previously led the company between July 2009 and June 2011. Spieler was in charge of the company's FLNG Hilli Episeyo project and is leaving after its delivery, but would remain with the group as executive adviser, the company said in a statement. Ross has joined Golar from project delivery company WorleyParsons Ltd, Golar LNG said. Reporting by Kanishka Singh
Wilhelmsen Majority Shareholder in NorSea Group
With effect from 26 September 2017, Wilhelmsen increases its shareholding in NorSea Group from 40% to approximately 72%. NorSea Group provides supply bases and integrated logistics solutions to the offshore industry. Eidesvik Eiendomsinvest AS and Simon Møkster Eiendom AS will hold approximately 12% each, while management in NorSea Group controls the remaining 4%. Following the transaction, Wilhelmsen will buy a small portion of management controlled shares. The increased shareholding…
Arctic Responsibilities Laid Out
Developments in Arctic resource recovery and transportation are providing the main focal point for many at NEVA and this year’s event in St Petersburg comes at a pivotal time for both the economic and ecological prospects of the region. Export shipments of LNG from the Yamal peninsula are due to start shortly, with the lead vessel of 15 in the ‘Yamal LNG fleet’ recently completing the first unaccompanied voyage by a gas carrier through the Northern Sea Route by way of prelude.
BV Approves Braemar’s LNG Containment System
Braemar Technical Services announced that Bureau Veritas (BV) has issued a General Design Approval for the FSP Type B LNG Containment System (FSP). Starting with the General Dynamics NASSCO-patented tank design, for which the American Bureau of Shipping (ABS) and Lloyd’s Register had issued Approval in Principle (AiP) several years prior, Braemar engineered a new and improved containment system that meets the demands of LNG storage in marine, offshore and onshore applications.
FueLNG Completes First Commercial LNG Bunkering in Singapore
FueLNG, a joint venture between Keppel and Shell Eastern Petroleum (Pte) Ltd (Shell), has achieved the first commercial Liquefied Natural Gas (LNG) bunker transfer in Singapore by completing truck-to-ship bunkering for the Floating Liquefaction (FLNG) vessel, Hilli Episeyo. The LNG bunker transfer, which was carried out in batches from July 22, to September 23, 2017, was conducted in accordance with the Singapore Chemical Industry Council (SCIC) Technical Reference for LNG Bunkering (TR 56), which provides a safe, efficient and sustainable technical framework for LNG bunkering operations. This marks the first LNG trucking operation for FueLNG…
Lamprell's Revenue Falls 65 pct, Cuts FY Forecast
Oil rig builder Lamprell Plc reported a 64.7 percent fall in revenue in the first half of the year and cut its full-year forecast, hurt by lower activity levels across the industry. The company said it expected revenue for 2017 to be in the range of $370 million to $390 million, as it saw continuing low levels of walk-in work. Lamprell had forecast full-year revenue to be in the lower half of the $400 million-$500 million range in March. Lamprell, which runs three rig building yards in the UAE, said revenue fell to $159.2 million in the six months ended June 30 from $451.3 million a year ago.
Damen: A Leader in the Global OPV Market
Having compiled a summary of its worldwide shipbuilding activities regarding Offshore Patrol Vessels (OPVs), Damen Shipyards Group, with five vessels delivered in the last year and 15 currently under construction, claims unrivalled experience in serving the naval industry with its OPV portfolio. In addition to its own builds, the company says it is just as capable of completing complex naval projects in cooperation with local shipyards as it is in constructing vessels at its own yards. “OPVs are playing an increasingly significant role in modern naval operations.
New Electrical Steam Boiler Module for Aoka Mizu FPSO
Parat Halvorsen AS said it recently secured a contract to design and fabricate a complete, turnkey steam boiler module for the Floating Production & Storage Offshore (FPSO) vessel Aoka Mizu owned by Bluewater Energy Services BV. The FPSO is being decommissioned for the Lancaster project which is owned and operated by Hurricane Energy UK. The module will include 2 x 3200kW electric steam boilers based on the PARAT MEL design and will provide an additional 9,600kg/hr of saturated steam for the FPSO marine and process systems.
BP Restores Power at Thunder Horse Platform after Outage
BP restored power at its Thunder Horse platform in the U.S. Gulf of Mexico, according to a statement to Reuters Wednesday. The platform lost power due to an electrical outage Monday. BP said it was redeploying staff to the platform, which has the capacity to produce up to 265,000 barrels of crude a day. (Reporting By Jessica Resnick-Ault)
IUMI: Offshore Energy Insurance Market “Sinking”
At annual IUMI (International Union of Marine Insurance) conference in Tokyo, James McDonald, chairman of IUMI’s Offshore Energy Committee warned that the sector was “sinking”. His warning was based on declining total premium income set alongside upstream energy large losses for 2015-16 of USD 4.8 billion. McDonald explained: “In recent years it would appear that claims have exceeded the global premium base and the last two underwriting years have seen significant losses. The…
BP's Thunder Horse Platform Shut Temporarily on Power Issue
BP Plc halted production at its Thunder Horse platform in the U.S. Gulf of Mexico on Monday following a power outage, a company spokesman confirmed on Tuesday. The benchmark for sour crude rallied to its strongest in more than two years on the disruption. BP evacuated its workforce of about 300 people from the facility after the power outage as a precaution, according to the statement. Technical and essential personnel were scheduled to return to the platform on Tuesday. The platform has the ability to produce up to 265…
Seacor's New Crewboats Enter Service
Two newbuild next generation CrewZer Class catamarans, SEACOR Puma and SEACOR Panther, have been delivered and have entered service for SEACOR Marine. The vessels were designed by Incat Crowther and built by Astillleros Armon in Spain and are unique in their capability to transfer personnel and equipment to offshore platforms at maximum speeds in excess of 40 knots. The design features 30 percent more deadweight capacity than its predecessor, while offering equivalent service speeds, Incat Crowther said.
Mitsui OSK Targets 26% Stake in Swan's Indian LNG Unit
Japan's leading shipper Mitsui OSK Lines aims to buy at least a 26 percent stake in a floating storage regassification unit (FSRU) in India, a company official said, to boost its exposure in the west coast project of Swan Energy. Swan Energy is building a 5 million tonnes a year FSRU and floating storage unit (FSU) at Jafrabad in western Gujarat state, with Mitsui awarded a long-term contract for operation and maintenance services. "We have until end-2019, by when the project will be completed, to buy at least 26 percent in Triumph Offshore," Senior Managing Executive Officer Takeshi told Reuters on Monday, referring to the Swan subsidiary that will control the $260 million FSRU. Swan aims to commission the project in the first quarter of 2020, he added.
GTT to Design LNG Tanks for FSRU Newbuild
GTT said it has received an order from the South Korean Shipyard Hyundai Heavy Industries concerning a new Floating Storage and Regasification Unit (FSRU) which has been contracted by Triumph Offshore, a subsidiary of the Indian ship-owner Swan Energy. GTT will design the LNG integrated tanks which represent a total capacity of 180,000 m3. These tanks will be equipped with the membrane containment system Mark III, a sea-proven technology developed by GTT. This insulation system benefits from an unparalleled track record: it has been already used to equip more than 140 vessels which are still in service today. The new FSRU is scheduled to be delivered in late 2019.
Gazprom Signs LNG Supply Deal with Ghana
Russian gas giant Gazprom has signed a 12-year deal to supply Ghana National Petroleum Corporation (GNPC) with liquefied natural gas, a subsidiary of Gazprom Marketing & Trading Group said on Monday. Gazprom Global LNG Limited (GGLNG) said LNG supplies were due to start in 2019. The agreement is the first stage in a planned series of partnerships between GGLNG and GNPC, with both companies working to develop the infrastructure and services required to manage and market the projected gas flows from the region, Gazprom said. It did not disclose further details. (Reporting by Vladimir Soldatkin; editing by Susan Thomas)
Wärtsilä Debuts New Tug Designs
A new portfolio of tug designs, to be known as the Wärtsilä HYTug series, place emphasis on environmental sustainability. Since tugs typically operate in or close to harbors and populated areas, they are particularly affected by environmental considerations, and the need for regulatory compliance is an increasing concern for tug owners and operators worldwide. Having already introduced tug designs featuring liquefied natural gas (LNG) fuel technology as an efficient means for complying with environmental legislation…
New Private LNG Terminal in Pakistan
A group of leading business houses in Pakistan plan to build a liquefied natural gas (LNG) terminal by March 2019 for gas processing and consumption in their own plants, Reuters reported. The proposed, second multi-million dollars terminal being set up at the Port Qasim to handle LNG imports will give tremendous boost to LNG trade. The private terminal will bring the total number of potential LNG import projects in the country to eight. Currently, Pakistan has only one active…
CNPC, Eni Sign LNG Deal
China National Petroleum Corporation (CNPC) and Italy’s Eni signed a cooperation agreement that includes assessing opportunities in the gas and LNG value chain. "CNPC and Eni signed cooperation agreement today in order to cooperate in oil & gas exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities, refining and petrochemicals. The partnership will regard both China and overseas activities," said a statement from the company. The signing took place in Rome at Eni's headquarters during a meeting between the Chairman of CNPC…
Russian Award for Sovcomflot
PAO Sovcomflot (SCF Group) was awarded first prize at the 2017 International Competition of Scientific, Technical and Innovative Developments aimed at the Exploration and Development of the Arctic and the Continental Shelf, held under the auspices of the Russian Ministry of Energy. The prize was awarded to a team of Sovcomflot experts for the development and practical implementation of technological solutions enabling year-round oil shipments from the Gulf of Ob. The winning team was led by Igor Tonkovidov, Executive Vice-President and Chief Technical Officer of Sovcomflot.
Croatia Invites Bids for LNG Terminal Project
LNG Croatia, the project developer of the LNG import terminal on the Island of Krk in Croatia, has called for bids for the provision of a floating storage & regasification unit (FSRU). The bids for EPC and FSRU procurement, setting a 29 September deadline for submissions will revive Croatia’s long-stalled plans to diversify its energy supply and reduce its dependence on piped gas from Russia. LNG Hrvatska says it is inviting bids in two separate tenders for the delivery of a FSRU and procurement of civil engineering works.
Ichthys Explorer Moored off Western Australia
The world’s largest semi-submersible platform, the Ichthys Explorer, has been safely moored in the Ichthys Field, 220 kilometers off the north coast of Western Australia, where it will be located for 40 years, as part of the INPEX-operated Ichthys LNG Project. Bardex Corporation supplied four moveable Chain Jacks and 28 underwater Barlatches to support the handling of 28 mooring lines. The mooring operation was completed ahead of schedule with the assistance of Bardex lifecycle services. Bardex said the use of its Clump Weight contributed to the efficient mooring up operation.
Toyota Backs Japanese $1.8 Bln LNG Vessel Order
Japanese car manufacturer Toyota Motor Corporation is turning to LNG-powered ships to transport its cars across the globe, according to a report from Japanese daily Nikkei. The company has backed an investment in up to 20 LNG-powered car carriers with the capacity to carry 7,000 vehicles each, as it is preparing for the environmental regulations that will go into force in 2020. Nippon Yusen Kaisha (NYK), Kawasaki Kisen Kaisha (K Line) and Toyota’s Toyofuji Shipping are expected to be in the running for the contract, which is estimated to be approximately $1.83 billion.
Wood Group Wins Subsea Contract Supporting CNOOC
UK-based energy services company Wood Group has been awarded a new contract by the China National Offshore Oil Corporation (CNOOC) to support the Lingshui 17-2 gas development in the Qiongdongnan basin of the South China Sea. Subsea and flow assurance services will be provided under the contract, which is effective immediately and will be supported by Wood Group’s offices in Perth, Australia and London. An independent review for the development’s subsea production system design and a special study and design for its gas export pipeline will be delivered.
Netherlands to Receive LNG from Sabine Pass Plant
The Netherlands will receive its second-ever liquefied natural gas (LNG) shipment from Cheniere Energy's Sabine Pass export facility in the United States on Oct. 6, according to shipping data. The vessel, with a capacity of 166,031 cubic metres, is currently berthed at Sabine Pass, live ship-tracking data shows. The first delivery from Sabine Pass to the Gate terminal in Rotterdam arrived on June 8 aboard the Arctic Discoverer, a Thomson Reuters analyst said. Reporting by Oleg Vukmanovic
Seadrill Files Chapter 11 Bankruptcy Protection
Seadrill Limited, one of the world’s largest offshore drilling companies, has filed for Chapter 11 bankruptcy protection at the Southern District Texas court, Reuters reported. The indebted oil rig firm controlled by Norwegian billionaire John Fredriksen is seeking to restructure its roughly $10 billion debts as the petroleum industry continues to grapple with low prices. Seadrill announced that the court overseeing the Company's chapter 11 restructuring proceedings has granted the relief requested by the Company in its key first-day motions related to ordinary course business activities.
Steel Cut for Costa Cruises’ LNG Newbuild
A steel cutting ceremony was held at Meyer Turku shipyard, Finland for the first of two Costa Cruises ships to be powered by liquefied natural gas (LNG). The ship will sail in October 2019 with a sister ship following in 2021. Costa Cruises’ president, Neil Palomba, announced today that newbuild NB-1394 will be named Costa Smeralda, and added, “The two new Costa Cruises ships are a true innovation and set new standards for the entire sector. Meyer Turku CEO, Jan Meyer, said, “In the last two years…
CFE Awards 9-Cargo LNG Tender for Q4 Delivery
Mexico's state-run power utility CFE has picked Royal Dutch Shell and most likely Cheniere Energy to deliver nine liquefied natural gas (LNG) cargoes in the fourth-quarter, trade sources said. Traders said Shell won most of the tender, which was awarded on Tuesday, with shipments to be spread across October, November and December into the Altamira terminal on Mexico's Atlantic coast, traders said. Some traders said Cheniere took a share of CFE's requirement. Reporting by Oleg Vukmanovic
ABS, GasLog Study to Simulate LNG Boil-off
ABS, a leading provider of classification and technical services to the marine and offshore industries, and GasLog LNG Services (GasLog) have completed a joint development project demonstrating a new approach to evaluating LNG boil-off rate (BOR). GasLog is an international owner, operator and manager of LNG carriers, providing support to international energy companies as part of their LNG logistics chain. “By expanding the application of computational fluid dynamics (CFD) analysis to simulate the LNG BOR in cargo tanks…
Sentinel Marine’s New Rescue Vessel Christened
Sentinel Marine’s latest new-build emergency response and rescue vessel (ERRV) has been deployed to service in the North Sea after being christened at Aberdeen Harbor. The new vessel, Mariner Sentinel, is operating on behalf of Statoil at its Mariner field to the east of Shetland – the sixth of nine vessels to join the firm’s fleet since 2015. Statoil’s Aberdeen-based offshore logistics and services supervisor, Line Kaldestad, officially named Mariner Sentinel in her role as the ship’s godmother.
Giaever to Take Over as CFO at NAT, NAO
Bjorn Giaever will take up his position as the new chief financial officer (CFO) at Nordic American Tankers Limited (NAT) and Nordic American Offshore Ltd. (NAO) from October 16, 2017. Giaever joins NAT/NAO from maritime focused investment bank Fearnley Securities AS, where he served as a director and partner in the Corporate Finance division. Giaever has served as a corporate advisor in the John Fredriksen group in London, top rated Senior Shipping Analyst in DNB Markets and partner in Inge Steensland AS, specializing in gas related maritime matters. Outgoing NAT/NAO CFO, Turid M. Sorensen, will leave her administrative duties before the end of 2017. She will be suggested as board member of NAT.
Keeping a Tight Lid on Tier III & Sealing Solutions
With more than 90 percent of global trade carried by sea, shipping is a major battleground in the reduction of emissions. Tier III is the latest emission standard pertaining to NOx emissions from marine diesel engines. Tier IV is expected to come into effect for 2020 – with engine manufacturers already seeking sealing components to future-proof engines well into the next decade. Here we explore challenges faced by diesel engine operators in the face of Tier III, and how the correct selection of sealing materials could deliver better performing solutions.
Interferry Conference to Spotlight Issues with Bottom Line Benefits
Trade association Interferry stages its 42nd annual conference in Split, Croatia, next month with an agenda highlighting the income and savings potential in three key areas – the customer experience, ship technologies and safety issues including cyber security. The event runs from October 7-11 and is on course for record attendance with some 300 delegates already registered among member and non-member operators and suppliers. “I think the high level of interest is a response to the pace of change in our industry,” suggests Interferry CEO Mike Corrigan.
ABS Awards AIP for HHI FLNG Hull Design
ABS has granted Approval in Principle (AIP) to Hyundai Heavy Industries (HHI) floating liquefied natural gas (FLNG) hull design. ABS and HHI collaborated with the objective of developing a technically feasible and class compliant FLNG hull design, using the latest industry trends while maintaining high safety standards. The ABS AIP demonstrates the design substantially complies with Class and Regulatory requirements and minimizes risk to project schedules and safe operations, giving regulatory agencies and other key stakeholders confidence in the design.
Bangladesh shortlists Trafigura, Gunvor for LNG Terminals
Bangladesh has shortlisted global commodity traders Trafigura and Gunvor to arrange the installation of two floating liquefied natural gas (LNG) import terminals in 2018 as the country transforms into a major LNG consumer. "Trafigura and Gunvor have been shortlisted out of 13 companies for two 200 million cubic feet/day LNG import terminals," a director at state-run energy firm Petrobangla's LNG division told Reuters. Petrobangla will hold talks with the companies and deals will then be finalised, he added.
Premier Oil Contracts VOS Famous for Catcher FPSO job
Dutch provider of offshore support vessels Vroon has entered into a five-year charter plus options with Premier Oil for one of its emergency response and rescue vessels (ERRV). "We are pleased to announce that VOS Famous has entered into a five-year charter (plus options) with Premier Oil, following a competitive tender. This is to attend their newly arriving Catcher FPSO (Floating Production, Storage and Offloading)," said a press statement from the company. This builds on a steadfast partnership built up over a number of years on a number of vessels.
CWind Awarded TP Gate Contract
Offshore wind industry services provider CWind said it has been awarded a contract by DONG Energy, to install new and retrofit existing gates on the transition pieces (TPs) at the Gode Wind and Borkum Riffgrund offshore wind farms, located in the North Sea off the coast of Northern Germany. CWind, which is part of the Global Marine Group and delivers the company’s power capabilities, will use its crew transfer vessels, assets and engineering expertise to help complete the project.
DP System for Icebreaking Standby Vessel
A Navis NavDP4000 DP-2 system has been commissioned on board the third vessel in a series of four currently under construction on Arctech Helsinki Shipyards. This project is a further development of the two multifunctional icebreaking supply vessels Vitus Bering and Aleksey Chirikov delivered for same owner back in 2012 and 2013. The multifunctional icebreaking standby vessel is designed for year round operations in harsh conditions of Arctic waters, as she was built to Icebreaker 6 class of Russian Maritime Register. She is also designed to act as an accommodation vessel. The previously delivered Gennadiy Nevelskoy and Stepan Makarov already started operations serving Sakhalin-2 project.
BP’s Glen Lyon FPSO Classed by DNV GL
DNV GL said it has awarded class to BP’s Glen Lyon Floating Production Storage and Offloading (FPSO) vessel located west of Shetland. Glen Lyon is a purpose-built FPSO expected to produce 130,000 barrels of oil a day at peak production. The vessel was transferred into class shortly after first oil in May 2017. DNV GL’s Maritime and Oil & Gas business areas have together provided BP with a broad range of technical skills required for the challenging conditions in which the FPSO will operate.
Russia to build 15 Tankers at South Korean Shipyards
Fifteen tankers will be built at South Korean shipyards to transport the products of the Yamal LNG plant, TASS cites Russian President Vladimir Putin as saying. “We have noted with satisfaction the successful cooperation in the energy sector: South Korean companies are participating in the Sakhalin-1 and Sakhalin-2 projects, we are working on the issue of increasing purchases of liquefied natural gas,” the report quoted President Putin. Besides, Vladimir Putin marked the advantages…
Global LNG Bunkering Market to Reach USD 8.19bln by 2023
Global LNG Bunkering market is expected to grow from $248.64 million in 2016 to reach $8187.35 million by 2023 with a CAGR of 64.7%. According to Stratistics MRC, growing marine logistic business, cost efficient LNG products, and imposing environmental regulations on chemical emissions are some of the factors bolstering the market growth. In addition, easy deployment facility is another factor fuelling the market growth. However, higher capital investments, poor bunkering infrastructure are the factors inhibiting the market growth.
In Sign of Oil Rebalancing, North Sea Floating Storage Shrinks
The volume of global price benchmark North Sea crude being held in floating storage has declined sharply since mid-August, according to shipping data and trade sources, a sign that a long-awaited market rebalancing is gaining momentum. Two supertankers being used to store North Sea crudes offshore the UK, Desimi and Gener8 Neptune, contain about 4 million barrels of oil, trade sources said. Three weeks ago, the total was closer to 10 million barrels. The clearing of the crude to destinations including China and South Korea has been encouraged by a rise in the price of Brent crude for delivery soon relative to later supplies, trade sources said, a feature known as backwardation. "The whole market is tightening up," said a North Sea trade source.
Wärtsilä Cargo Handling System for LNG Bunker Barge
Wärtsilä said it booked an order in June to supply the cargo handling system and cargo tanks for a new 3,000 cubic meter capacity liquefied natural gas (LNG) bunker barge currently under construction. The vessel, which is being built in Romania and will be outfitted in the Netherlands, will be owned by LNG Shipping, a consortium between Belgium based Victrol and CFT Corporation based in France. When delivered, it will be chartered by Shell Western LNG B.V., operating out of Rotterdam to provide the company with additional flexibility to bunker LNG fuelled ships…
Bibby WaveMaster 1 Named in Rotterdam
The naming ceremony of the Bibby WaveMaster 1 took place on September 6, at the cruise terminal in the Port of Rotterdam in front of more than 125 guests from the U.K.-based Bibby Group, Damen and a range of industry partners. More than 10 members of the Bibby family attended while the Damen family was represented by Chief Commercial Officer Arnout Damen. The naming, by Lady Sponsor Jacky Blaikie, is the culmination of a program that began nearly four years ago to develop a vessel that could meet the needs of the offshore wind industry in an efficient…
K Line to Develop Japan’s First LNG-Fueled Ferry
Japan's shipper giant Kawasaki Kisen Kaisha (K Line) and Kawasaki Kinkai Kisen Kaisha (K Line Kinkai) will work on a joint study for what would be Japan’s first LNG-powered ferry. "K Line Kinkai and K Line) have agreed to work on joint study for K Line Kinkai’s newbuilding passenger ferry being fueled by LNG, whose study includes specifications, engine types and any related technical verifications for LNG handling," said a statement from the company. K Line Kinkai has been studying introduction of a ferry fueled by LNG…
'K' Line Collaboration Eyes Japan’s First LNG-fueled Ferry
Kawasaki Kinkai Kisen Kaisha, Ltd. (“K” Line Kinkai) and Kawasaki Kisen Kaisha, Ltd. (“K” Line) have agreed to work on joint study for “K” Line Kinkai’s newbuilding passenger ferry being fueled by LNG, whose study includes specifications, engine types and any related technical verifications for LNG handling. “K” Line Kinkai has been studying introduction of a ferry fueled by LNG, an environmentally-friendly energy that could almost completely eliminates SOx emissions and also minimizes NOx and CO2 emissions to certain level, and the recent collaboration with “K” Line will accelerate this study in order to introduce Japan’s first passenger LNG-fueled ferry.
Pharos Offshore Names Warder COO
Pharos Offshore announced Andy Warder has joined the team as Chief Operations Officer with immediate effect. Warder joins Pharos with over 25 years’ experience in the offshore industry holding senior and executive management positions with a track record of successfully growing his business units and providing strong support and solutions to Clients predominantly throughout the Asia Pacific regions.
MAN Cryo to Supply LNG Bunkering for Swedegas
MAN Cryo, MAN Diesel & Turbo’s marine-LNG fuel-gas-system manufacturer, has signed a contract with Swedish infrastructure company, Swedegas, to deliver an LNG bunkering facility within the Port of Gothenburg. The new facility will enable vessels to bunker LNG from trucks or containers while simultaneously loading/unloading cargo at two jetties at the port’s Energy Port, dispensing with the need to make a separate refuelling stop. The solution offers increased flexibility for customers and LNG suppliers, and will be open for multiple suppliers.
Meyer Werft Begins LNG Cruise Ship Build for AIDA
German shipbuilder Meyer Werft has laid the keel for AIDAnova, set to become the first cruise ship worldwide that will operate both at sea and in port fueled with liquefied natural gas (LNG). With AIDAnova’s first building block lowered into place on September 6, 2017, Carnival Corporation & plc officially marked the start of construction of seven fully LNG powered cruise ships due to be commissioned between 2018 and 2022 for four of its 10 cruise ship brands. The seven vessels for Carnival Cruise Lines…
Cautious optimism returns to North Sea – Deloitte
Reacting to the latest Oil and Gas UK Economic Report, to be published on Wednesday 6 September, Graham Hollis, Senior Partner for Deloitte in Aberdeen, said: “A cautious optimism has returned to the industry, as it weathers the storm of the past three years. “Nevertheless, challenges still remain for the North Sea and its recovery needs to be carefully fostered. The report shows there are a potential £40 billion worth of developments in companies’ business plans – it’s up to all of those involved in the industry to help these come to fruition, requiring a collaborative approach between government, the business community, the supply chain, and wider stakeholders. “The UKCS is vitally important to our economy and still supports more than 300,000 jobs.
Dynagas LNG Posts Q2 Loss
Greece-based Dynagas LNG Partners has reported a second-quarter loss of USD 5.2 million, after reporting a profit in the same quarter a year before. "We are satisfied that the class surveys, including dry dockings, were completed in a quick and efficient manner with an average of approximately 15 days per vessel from arrival to departure at the shipyard. The vessels are on a 5-year special survey cycle, therefore we expect the next special class survey and related dry docking to occur in about 5 years," he added.
Gas to Become World's Primary Energy Source by 2035: DNV GL
Oil and gas will be crucial components of the world’s energy future, according to DNV GL’s forecast of the energy transition. While renewable energy will grow its share of the energy mix, oil and gas will account for 44% of world energy supply in 2050, compared to 53% today. Gas will become the largest single source of energy from 2034. DNV GL’s Energy Transition Outlook (ETO), a forecast that spans the global energy mix to 2050, predicts that global demand for energy will flatten in 2030, then steadily decline over the next two decades, thanks to step-changes in energy efficiency.
Sulzer Acquires License for Total’s Wash Tank Technology
Sulzer’s Chemtech division has been granted a license covering the Total-patented Wash Tank Technology for Oil Processing. The main purpose of this technology is to enhance the removal of water, salt and contaminants from oil and emulsions, by a controlled distribution of the feed into the bottom of a hull tank of an FPSO/FSO/FPU which transforms the water-in-oil dispersion into an oil-in-water one where high efficiency phase separation takes place more easily. The technology also involves a simplification of the topsides crude oil process.
Bibby Offshore Wraps up North Sea Work
Perenco appointed Bibby Offshore to perform subsea integrity inspections and maintenance works on the Inde Joint pipeline, which runs to the Bacton Gas Terminal in the Southern North Sea. Completed in early July, the 15-day workscope saw Bibby Offshore install a total of 94 concrete mattresses over the pipeline to assist in preserving the remaining rock dump mounds. The second workscope, completed in late July, saw Endeavour Energy UK contract Bibby Offshore to carry out subsea tree inspections in the Renee and Rubie fields located in blocks 15/27 and 15/28 of the Central North Sea.
Thun Tankers Orders another Newbuild
Thun Tankers said it has declared an option for a fifth tanker to be added to the previously contracted four 17,500 dwt IMO II product/chemical tankers on order at Avic Dingheng Shipbuilding Ltd in China. The sister ships are due for delivery between April 2019 and January 2020 and will be commercially managed by Furetank, responsible for the intermediate segment within the Gothia Tanker Alliance. In addition to the five contracted intermediate vessels, Thun Tankers together with…
Vitol Signs Deal with Angola LNG
Angola LNG (ALNG) and Vitol, the world’s largest independent energy dealer, have entered into a multi-year LNG sales agreement. Under the agreement, ALNG cargoes will be delivered to Vitol at destinations around the world. Commenting on the sales agreement, Artur Pereira, CEO, Angola LNG Marketing Ltd, said: “This sales agreement is an important step for Angola LNG and demonstrates our ability to respond to the needs of our customers and the market. Pablo Galante Escobar, Head of LNG, Vitol, said; “We are delighted to have entered into this agreement with Angola LNG.
DOF Inks Two PSV Contracts
The DOF Group has been awarded two contracts for the provision of the multipurpose support vessel (MSV) Skandi Skansen and the platform supply vessel (PSV) Skandi Caledonia in the Mediterranean. The contracts will commence in 4th quarter and secure utilisation of 90 days plus options for the Skandi Skansen and 300 days plus options for the Skandi Caledonia. The Skandi Skansen is a new generation high powered anchor handling vessel designed for field installation operations across a wide range of water depths and environmental conditions.
ESL Shipping Launches Viikki
Viikki, the new eco-friendly dry cargo vessel of ESL Shipping, part of Aspo Plc, was successfully launched today at the Jinling shipyard in Nanjing, China. “The longstanding work in this project becomes concrete today when we see the vessel floating for the first time. There is still a lot of work ahead before her delivery, but I’m confident that we will get a superb vessel tailored to our needs”, comments Captain Jussi Vaahtikari. Viikki is the first LNG-powered handyzise bulk carrier in the world and is a forerunner in energy efficiency and eco-friendliness.
MOL to Join LNG Terminal Project in India
Mitsui O.S.K. Lines (MOL) announced the signing of agreements with Swan LNG Private Limited (Swan LNG) for the long-term operation / maintenance of a floating, storage and regasification unit (FSRU) and provision and long-term operation / maintenance of a floating and storage unit (FSU) that will serve as the core receiving facilities in an LNG terminal to be developed by Swan Energy Limited (Swan Energy) in Gujarat, India. The FSRU serving this project is being ordered and owned by Swan Energy through its subsidiary, and MOL has an option to participate in the FSRU joint ownership.
Nordic American Appoints New CFO
Nordic American Tankers (NAT) and Nordic American Offshore (NAO) has appointed Bjørn Giaever (50) as Chief Financial Officer (CFO). He is expected to join us later this year and as early as possible. Giaever joins NAT/NAO from the well reputed firm of Fearnley Securities AS with main office in Oslo, Norway. This is an investment bank with special focus on the maritime sectors, where he served as a director and partner in the Corporate Finance division. Giaever has more than 20 years of experience in the shipping industry, holding key roles in corporate finance and equity research.
US Seeks Faster Approval of Small-scale Natural Gas Export
The United States is proposing to speed up approval of small-scale exports of natural gas, including liquefied natural gas (LNG), the U.S. Department of Energy said in a statement released on Friday. The department said the proposed rule would "expedite the review and approval of applications to export small amounts of natural gas in the emerging small-scale LNG export market," which it said includes the Caribbean, Central America and South America. To date, most applications for export approval have been for larger-scale natural gas exports…
US Drillers Add No Oil Rigs as Harvey Slows Production
U.S. energy firms did not add any oil rigs this week as Hurricane Harvey barrelled into the nation's energy heartland, forcing drillers to halt production and refiners to shut plants. The total oil rig count for the week ended Friday stayed at 759, General Electric Co's Baker Hughes energy services firm said in its report on Friday. That compares with 407 active oil rigs during the same week a year ago. Drillers have added rigs in 56 of the past 67 weeks since the start of June 2016. The rig count is an early indicator of future output.
Wärtsilä Tests Remote Control Ship Operating Capability
Wärtsilä said it has taken a further important step toward developing its Smart Marine capabilities by successfully testing the remote control of ship operations. The testing, which involved driving the vessel through a sequence of manoeuvres using a combination of Dynamic Positioning (DP) and manual joystick control, was carried out on August 21 off the North Sea coast of Scotland in collaboration with Gulfmark Offshore, the U.S. based operator who provided the vessel for the project.
Awilco LNG Reduces Net Loss in Q2
Norwegian based LNG transportation provider Awilco LNG reduced its net loss in the second quarter of this year due to higher activity of its vessels and steady spot rates. Awilco LNG’s net loss dropped to $10.1 million in the second quarter, as compared to $11.5 million in the same quarter last year and $10.4 million in the previous quarter. Awilco added 13 vessels 1H 2017, a further23 scheduledfor deliveryin 2017, although delays may be expected, said a statement from the company.
Power Play: Engine Suppliers Prepare for 2020
Kjeld Åbo, Chairman of CIMAC (the International Council on Combustion Engines) Fuels Working Group and Director Customer Support, Two Stroke Marine at MAN Diesel & Turbo, has said that the IMO’s proposed 0.5 percent marine fuel sulfur content limit was not unexpected but that there were a number of practical and strategic issues that needed to be addressed if the new regulations were to be implemented successfully by 2020. This article looks at how manufacturers of marine engines are rising to the challenge of meeting the IMO’s new sulfur oxides (Sox) emissions standards.
About 13.5% of US Gulf Oil Output Still Shut in by Harvey
About 13.5 percent of oil production in the Gulf of Mexico was shut in on Thursday due to Tropical Storm Harvey, the U.S. Department of the Interior's Bureau of Safety and Environmental Enforcement said. That equates to some 236,115 barrels of oil per day, out of roughly 1.75 million barrels pumped daily from the Gulf, down from 323,760 barrels of oil per day that were shut on Wednesday. Meanwhile, 17.6 percent of natural gas production in the region, or 568.09 million cubic feet per day has been shut in, BSEE said, down from 611.09 million on Wednesday. BSEE tabulated the data by polling 31 Gulf operators. (Reporting by David Gaffen; Editing by James Dalgleish)
Wärtsilä Re-liquefaction Plants Ordered for Newbuild LNG Carriers
Wärtsilä said it has been awarded contracts to supply its re-liquefaction plants to three new LNG carriers currently under construction. One ship is being built at the Samsung Heavy Industries (SHI) yard in South Korea for the international owner and operator Gaslog. The others are for Norway based Knutsen and are being built at the Hyundai Heavy Industries (HHI) yard in South Korea. The order was booked for the Gaslog ship in April 2017 and for the Knutsen ships in May/June 2017.
Bureau Veritas Issues New Rules for OSVs, Tugs
Classification society Bureau Veritas has issued new rules for the Classification of Offshore Service Vessels and Tugs, including new class notations for pipelay vessels, accommodation units, offshore construction vessels and offshore support vessels. Gijsbert de Jong, Bureau Veritas Marine Marketing and Sales Director, said: “With this new publication Bureau Veritas provides the industry with a clear framework for the classification of offshore service vessels and tugs based on an end-user friendly system of class notations reflecting the terminology used by the industry.
Kongsberg Wins EPCI Contract for LNG-fueled RoPax Ferry Newbuild
Kongsberg Maritime said it has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract with Flensburger Schiffbau-Gesellschaft (FSG), a subsidiary of Siem Group. This is the second RoPax contract that Kongsberg Maritime has been awarded at FSG. The ‘Full Picture’ contract, valued at approximately €20 million ($23 million), covers engineering, procurement and project management, maritime technology deliveries and installation on a LNG fuelled RoPax Ferry for French company Brittany Ferries Ltd.
KL Sandefjord Receives DNV GL's 'Shore Power' Notation
The offshore vessel KL Sandefjord owned by K Line Offshore AS, a 100 percent subsidiary of Kawasaki Kisen Kaisha, Ltd (“K” Line), is the first offshore vessel with the DNV GL class notation “Shore power”. The “Shore power” notation, verifies the design and installation of a vessel’s on-board electrical shore connection. When in port, the vessel can shut down its engines and rely on a shore based electrical supply for its needs at berth – so called “cold ironing”. Espen Sørensen…
Harvey Interrupts Asia LPG Exports from Gulf Coast
Harvey delays at least 300,000 T of U.S. LPG shipments. Shipments of liquefied petroleum gas (LPG) from the United States have been held up by the havoc wrought by tropical storm Harvey since last Friday, but Asian buyers are betting the situation will improve before supplies are critically squeezed. At least 300,000 tonnes in LPG shipments to Asia have been delayed after U.S. Gulf ports were shut, based on the estimates from four sources who buy mainly U.S. cargoes. Asia is short of LPG…
Borr Drilling Aims to Expand Fleet, Keep Costs Low
Borr Drilling, the Norwegian drilling start-up, which listed on the Oslo exchange on Wednesday, said it aimed to expand its fleet, taking advantage of its low cost base. The start-up, launched last year and backed by the world's biggest oil service firm Schlumberger, said it aimed to have the lowest cash break-even costs in the industry and would take advantage of current low prices for rigs. "We have no debt," Borr's Chief Executive Simon Johnson told Reuters after its shares started trading on Oslo's main market. They were previously listed on the over-the-counter market. "That might change in the future, depending on the financing needs, but we can control what we pay for assets," Johnson said.
Crude Slips, Gasoline Jumps in Storm's Choppy Wake
Goldman Sachs says 23 pct of U.S. refining capacity is shut. Crude oil slid and gasoline futures hit their highest since mid-2015 on Wednesday as flooding and damage from Tropical Storm Harvey shut over a fifth of U.S. refineries, curbing demand for crude while raising the risk of fuel shortages. Refineries with output of 4.1 million barrels per day (bpd) were offline on Tuesday, representing 23 percent of U.S. production, Goldman Sachs said. Restarting plants even under the best conditions can take a week or more. "It will be a while before operations can return to normal and the U.S.
Harvey Soaks Louisiana as Houston Struggles With Flooding
Tropical Storm Harvey bore down on Louisiana on Wednesday, pouring down more water after setting rainfall records in Texas that caused catastrophic flooding and paralyzed the U.S. energy hub of Houston. The storm that first came ashore on Friday as the most powerful hurricane to hit Texas in more than 50 years has killed at least 17 people and forced tens of thousands to leave their deluged homes. Damage has been estimated at tens of billions of dollars, making it one of the costliest U.S. natural disasters. There is some relief in sight for Houston, the fourth most populous U.S. city, with forecasters saying five days of torrential rain may come to an end as the storm picks up speed and leaves the Gulf of Mexico region later in the day.
TechnipFMC Wins West White Rose Contract
TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract from Husky Energy for the West White Rose Project in Eastern Canada. The contract covers the supply and installation of subsea equipment including tie-in manifolds, flexible flowlines, and control umbilicals, which will connect the recently announced West White Rose Platform to the existing SeaRose FPSO (Floating, Production, Storage and Offloading) vessel. The Husky West White Rose Project will use a fixed platform tied back to the SeaRose FPSO vessel.
Harvey Shuts in More than 18% of US Gulf Output -BSEE
More than 18 percent of oil production in the Gulf of Mexico was shut in on Tuesday due to Harvey, the U.S. Department of the Interior's Bureau of Safety Environmental Enforcement said. That equates to some 319,523 barrels of oil per day, out of roughly 1.75 million barrels pumped daily from the Gulf. The amount of production shut in was down from Monday, when more than 331,000 barrels were shut in. Meanwhile, 19.1 percent of natural gas production in the region, or 615.09 million cubic feet per day, has been shut in, BSEE said. BSEE tabulated the data by polling 31 Gulf operators.
Trelleborg Suite Supplied to Prelude FLNG
Trelleborg’s marine systems operation has supplied a suite of products to Shell’s Prelude FLNG facility, the largest offshore facility ever constructed. Prelude, which is 488 meters long, 74 meters wide, and made with more than 260,000 tons of steel, will extract and liquefy natural gas from a site in North West Australia. Trelleborg supplied its gas transfer technology and SafePilot navigational and piloting systems for Prelude. “Our SafePilot solution, SSL, ESL and radio ESD for tandem condensate offload have been used on Shell’s Prelude FLNG…
New Study Looks at LNG Bunkering for Car Carriers
To help promote liquefied natural gas (LNG) bunkering in Asia, the Maritime and Port Authority of Singapore (MPA) and the Ports and Harbors Bureau of the Ministry of Land, Infrastructure, Transport, and Tourism of Japan (MLIT) will helm a working group to conduct a feasibility study on LNG bunkering for car carriers plying between Japan and Singapore. This working group will include Japan’s big three shippers – Kawasaki Kisen Kaisha (K Line), Nippon Yusen Kaisha (NYK) and Mitsui O.S.K. Lines (MOL).
CGG Starts Seismic Survey Offshore Brazil
CGG said it has started work on Espirito Santo IV, a large BroadSeis 3D multi-client survey in the deep and ultra-deep waters of the Espirito Santo Basin offshore Brazil. The vessel Oceanic Champion is acquiring the survey which is expected to take seven months. This industry-supported survey will cover 10,300 sq km and be processed at CGG’s Rio de Janeiro Subsurface Imaging center. The high-end broadband sequence will include the latest 3D deghosting, Full-Waveform Inversion (FWI) velocity modeling and Tilted Transverse Isotropy (TTI) imaging.
GE to Provide Maintenance to TMS Cardiff Gas’ LNG Fleet
GE’s Marine Solutions and TMS CARDIFF GAS Ltd. have signed a service agreement that will see GE undertaking the support and maintenance of four TMS LNG vessels—Corcovado, Kita, Palu and Yari—for the next 10 years. GE will provide maintenance services to TMS fleet’s electric propulsion system, including providing parts to the propulsion motors, medium-voltage drives, generators and switchboard. It will also upgrade the vessels’ propulsion automation systems to enhance their remote and diagnostic capabilities.
Patrol Vessel Delivered to Nigeria's Homeland
A Damen 3307 Patrol Vessel has been delivered to Homeland Integrated Offshore Services Ltd of Lagos, Nigeria, taking its fleet of these craft up to three, with a fourth currently under construction. Guardian 3 along with its sister ships Guardian 1 and Guardian 2 is now providing security and other support services to the international offshore oil companies active off the coast of Nigeria in the Gulf of Guinea, in cooperation with the Nigerian Navy. The Guardian series of 3307 Patrol vessels are themselves unarmed…
FPSO BW Catcher Sails for the North Sea
BW Offshore’s Floating, Production, Storage and Offloading vessel (FPSO) BW Catcher has left deep water anchorage off the Keppel Shipyard in Singapore and is currently in transit on a 45-day journey to the Catcher field in the central North Sea where it will go to work for Premier Oil. The FPSO is expected to reach U.K. 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. Carl K. Arnet, CEO of BW Offshore, said, “The BW Catcher has been completed on time and within budget, and we are especially pleased with the good HSE performance during the construction project.
OSM Officially On Board Statoil’s Peregrino
Efforts in Brazil are reinforced for OSM with more than 90 specialized offshore positions officially on board the Peregrino. “OSM Brazil have successfully mobilized our crew on board the FPSO Peregrino,” says Tommy Olofsen, Managing Director of OSM Crew Management. OSM Maritime Group (OSM) began its journey with Statoil’s Floating Production Storage Unit (FPSO) Peregrino back in early 2016. However, increased efforts and investments in Brazil have been ongoing since 2013 – with multiple office locations…
Singapore, Japan Feasibility Study LNG-Fuelled Car Carriers
To promote LNG bunkering in Asia, the Maritime and Port Authority of Singapore (MPA) and the Ports and Harbours Bureau of the Ministry of Land, Infrastructure, Transport, and Tourism of Japan (MLIT) will helm a working group to conduct a feasibility study on LNG bunkering for car carriers plying between Japan and Singapore. This working group will include Japan’s big three shippers – Kawasaki Kisen Kaisha (K Line), Nippon Yusen Kaisha (NYK) and Mitsui O.S.K. Lines (MOL). The study…
13% of Manned Platforms Evacuated in GoM
Offshore oil and gas operators in the Gulf of Mexico have evacuated personnel from 98 production platforms, 13.3 percent of the region’s 737 manned platforms during Tropical Storm Harvey, according to this morning’s data submitted to the Bureau of Safety and Environmental Enforcement (BSEE). BSEE said personnel have been evacuated from five of 10 non-dynamically positioned (DP) rigs currently operating in the Gulf. None of the Gulf’s 21 DP rigs have moved off location. Based on operator reports…
About 22% of US Gulf Oil Output Offline Due to Harvey
About 22 percent of U.S. Gulf of Mexico oil production is offline due to Tropical Storm Harvey, the U.S. Department of the Interior's Bureau of Safety and Environmental Enforcement (BSEE) said on Sunday. Output levels rose slightly from Saturday, when roughly 25 percent of Gulf oil output was offline. The amount of production offline on Sunday was roughly 378,633 barrels of oil per day out of the roughly 1.75 million bpd pumped from the Gulf. About 26 percent of Gulf natural gas production is offline, or about 828 million cubic feet (23.4 million cubic meters) per day, BSEE said. Roughly 105 platforms have been evacuated in the Gulf so far as a result of Harvey, about 14.3 percent of those in the region. Half of the drilling rigs in the Gulf remain evacuated, BSEE said.
Nexans’ New Cable-Layer under Construction
Nexans said construction has started on its new cable-laying vessel for submarine HV cable systems installation. The vessel is being built by Croatia-based shipyard ULJANIK Group and is expected to be delivered and start operations by Q3 2020. The high capacity vessel is designed for worldwide installation of large volumes of HVDC and HVAC cable systems, covering the complete Nexans submarine product range, and has a 10 000-ton capacity turntable. Designed by consulting agency Skipsteknisk AS…
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.
Residents Flee South Texas Ahead of Harvey
Residents fleeing most powerful storm on U.S. mainland since 2005. Businesses closed and lines of cars streamed out of coastal Texas as officials called for residents to evacuate ahead of Hurricane Harvey, expected to arrive about midnight as the most powerful storm to hit the U.S. mainland in more than a decade. The hurricane is forecast to slam first near Corpus Christi, Texas, drop flooding rains along the central Texas coast and potentially loop back over the Gulf of Mexico before hitting Houston, some models showed. "My urgent message to my fellow Texans is that if you live in a region where evacuation has been ordered, you need to heed that advice and get out of harm's way while you can," Texas Gov. Greg Abbott said in a televised address.
ST Engineering Buys US Rig Repair Assets
Singapore Technologies Engineering Ltd (ST Engineering) said it has acquired the rig repair assets of World Marine of Mississippi LLC (WMM) adjacent to its existing yard, VT Halter Marine, Inc. in Pascagoula, Miss. in the U.S., through its subsidiary Vision Technologies Marine, Inc. (VT Marine). ST Engineering paid $25 million for these assets, comprising a purpose-built facility of 94 acres for heavy marine fabrication and offshore oil and gas rig upgrades, repairs and conversions in the Gulf of Mexico region are within close proximity to VT Halter Marine’s Pascagoula yard. Since the downturn of the offshore and marine industry, ST…
Hurricane Harvey Strengthens, Threatens US
Hurricane Harvey intensified early on Friday into potentially the most powerful hurricane to hit the U.S. mainland in more than a decade, as authorities warned locals to shelter from what could be life-threatening winds and floods. Harvey is set to make landfall late Friday or early Saturday on the central Texas coast where Corpus Christi and Houston are home to some of the biggest U.S. refineries. Oil and gas operations have already been disrupted and gasoline prices have spiked. "Now is the time to urgently hide from the wind.
S-Oil, Petronas Ink Long-term LNG Deal
South Korea's third-largest refiner S-Oil Corp signed a long-term liquefied natural gas (LNG) supply contract with Malaysia's Petronas for 15 years starting from next year, the North Asia company said on Friday. S-Oil expects to buy 700,000 tonnes of LNG per year from state-owned Petronas from March 2018 through March 2033, it said in a stock filing exchange. "We have inked the deal on good terms for our company amid the current favourable LNG market conditions," said the refiner in the filing. S-Oil, whose main shareholder is Saudi Aramco, declined to provide price details for the deal. The refiner said in a separate statement the deal was part of its efforts to ensure stable supplies of LNG.
Keppel AmFELS to Build Two LNG Fueled Containerships
Keppel AmFELS, a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M) in the United States (US), has secured a contract worth more than US$400m from Honolulu-based Pasha Hawaii for the construction of two Liquefied Natural Gas (LNG) fueled containerships. The dual fuel LNG vessels will be built to Keppel's proprietary design with delivery of the first vessel expected in 1Q 2020, and the second vessel in 3Q 2020. Simon Lee, President of Keppel AmFELS said, "We are pleased that Pasha has chosen us to build their first two LNG fueled containerships to our innovative design.
Seadrill to Seek Bankruptcy Protection
Once the biggest offshore rig firm by market value, Seadrill plans to begin its Chapter 11 debt restructuring in the coming weeks, WSJ reported. The Bermuda-based company, controlled by Norwegian shipping magnate John Fredriksen, has a plan to restructure around $10 billion in debt. Seadrill, one of the world’s largest offshore drilling companies, operates a fleet of 68 rigs and drillships for customers including Total SA, Petrobras and Exxon Mobil Corp. "Our business execution remains unaffected by these efforts as demonstrated by continued delivery of excellent safety and fleet uptime…
LNG from Skangas
Skangas and ESL Shipping have entered into an agreement for providing gas fuel to ESL’s LNG-powered bulk carrier newbuildings. These two new vessels will start operating during first half of 2018. The first of the two vessels was named “Viikki” in June 2017, honoring the shipping company’s tradition to name its ships for places in Helsinki. “This agreement is a milestone for Skangas. Ms Viikki will be the first vessel that we will serve from the new LNG terminal in Tornio”, explains Kimmo Rahkamo, CEO of Skangas. “There will be more to come. This is supported by ESL Shipping.
New Wind Farm Service Vessel for ESVAGT
A 15-year contract will see a new ESVAGT service operation vessel (SOV) support MHI Vestas Offshore Wind in the Deutsche Bucht (DeBu) Wind Farm project. ESVAGT will deliver the SOV for MHI Vestas in August 2019. The new contract is not only the longest in ESVAGT’s history, but it is also the largest in terms of value. “This contract builds on the strong relationship we have had with MHI Vestas since 2010,” said ESVAGT A/S Chief Executive Officer, Søren Nørgaard Thomsen. MHI Vestas and ESVAGT have collaborated on the Belwind 1 and Nobelwind 1 offshore wind farm projects in Belgium since 2010…
Shipbuilding: Mega Yards
The Woodmac report we saw offered us cause for pause — “Strong activity from the (major oil companies)” while “national oil companies have tightened their purse strings.” What Maritime Reporter found, was that national oil companies — nation-builders, for many — are putting their money in affiliate shipyards. The hope of two, new shipbuilding giants is jobs, innovation, national survival and export security. The model is to invite those who have done it before: Koreans, Japanese, French and a contractor with offshore and marine experience.
First Containership Retrofitted to Run on LNG
The world’s first containership retrofitted with a liquefied natural gas (LNG) engine was launched on August 23, 2017. Since May 2017, the 1,000 TEU containership Wes Amelie, owned by Wessels Reederei based in Harem/Ems, has undergone an engine conversion at the German Dry Docks in Bremerhaven, and from this point forward will run on LNG fuel. Experts from the Hamburg based company Nauticor were selected to conduct the vessel’s initial LNG bunkering at the Kühlhauskai in the Port of Bremerhaven. In total, four trucks of LNG were brought to the German port and transferred to the vessel.
Oil Firm Evacuate Workers as Storm Approaches Texas
Oil companies evacuate workers as storm takes aim at Texas. Royal Dutch Shell, Anadarko Petroleum and Exxon Mobil announced they were curbing some oil and gas output on Wednesday at facilities in the Gulf of Mexico ahead of a storm expected to hit the Texas coast later this week. The U.S. National Hurricane Center (NHC) issued a hurricane watch Wednesday for much of the Texas coast, calling for slow-moving Tropical Depression Harvey to intensify as it nears landfall. Shell said it was evacuating all personnel from the roughly 100…
Tropical Storm Harvey heads for Texas, May Strengthen
The Texas Gulf Coast was getting ready for the tropical storm Harvey to make landfall by Friday, bringing with it strong winds, heavy flooding and torrential rains. Hurricane, tropical storm and storm surge watches were in effect for counties on the eastern coast of Texas as the storm moved across the Gulf of Mexico, where it may strengthen into a hurricane. Winds up to 75 mph (120 kmh) and 15 inches of rain (40 cm) were forecast, according to the National Weather Service. "Now is the time to check your emergency plan and take necessary actions to secure your home or business. Deliberate efforts should be under way to protect life and property," the weather service said in an statement early on Thursday.
Prelude FLNG Enters into Lloyd’s Register Class
Shell’s floating liquefied natural gas (FLNG) facility Prelude has officially entered into Lloyd's Register (LR) class. At 488 meters long, 74 meters wide and displacing about 600,000 tonnes of water, Prelude is the largest floating offshore facility in the world. Last month Prelude arrived at its operating location in the Browse Basin, offshore northwest Australia. It will be moored at a depth of 250 meters and will not be dry-docked for the first 25 years of its expected 50-year operational life.
LNG Carrier Sets Northern Sea Route Record
On August 17, 2017, the Sovcomflot-owned icebreaking liquefied natural gas (LNG) carrier Christophe de Margerie completed her first commercial voyage, transporting LNG through the Northern Sea Route (NSR) from Norway to South Korea. During this voyage, the vessel set a new time record for an NSR transit of 6 days 12 hours and 15 minutes. Moreover, Christophe de Margerie has also become the world’s first merchant vessel to travel the full length of the NSR without any icebreaker escort.
ABB’s Onboard DC Grid on Hybrid Wind Farm Vessel
ABB will optimize the safety and environmental credentials of a new Louis Dreyfus Armateurs wind farm Service Operation Vessel (SOV) by installing Onboard DC Grid power distribution to enable the cost-efficient integration of batteries. As an integral part of the power system, the Power and Energy Management System (PEMS) will ensure safe and efficient operation of the vessel. The hybrid system enables lean operation with fewer running generators without compromising on safety, meaning less maintenance and better fuel consumption over the long-term.
Total Overtakes Shell in North Sea Production
Majors still control three quarter of output; even after $10 bln of deals, private equity still plays only modest role. French oil major Total has overtaken rival Royal Dutch Shell to become the second-largest producer in the North Sea with its acquisition of Maersk's Norwegian and UK producing assets. The $7.45 billion deal by Total was welcomed by the market, with analysts saying it helped the French company rebalance its portfolio by adding assets in developed countries after going for projects in riskier places such as Iran and Russia.
Fortuna FLNG Offtake Awarded to Gunvor
The Ministry of Mines and Hydrocarbons (MMH), Ophir Equatorial Guinea (Block R) Ltd, OneLNG SA and La Compania Nacional De Petroleos De Guinea Ecuatorial (GEPetrol) have nominated Gunvor Group Ltd (Gunvor) as its preferred LNG Buyer for offtake from the Fortuna FLNG project. All parties have agreed the principal commercial terms subject to finalising a Sale and Purchase Agreement (SPA) for the offtake ahead of the Final Investment Decision (FID) on the Fortuna FLNG project. Gunvor…
USCG Approves JAX LNG for Ship-to-ship Bunkering
The joint venture between Pivotal LNG and Northstar Midstream, JAX LNG, LLC, has received a Letter of Acceptance (LOA) from the U.S. Coast Guard (USCG) for the operation of its waterfront LNG facility and the approval to conduct ship-to-ship LNG bunkering operations with TOTE Maritime’s Marlin Class ships and the LNG barge, Clean Jacksonville. The expectation is this ship-to-ship LNG bunkering operation will commence early in 2018. In August 2015, JAX LNG and its partner TOTE…
Ghana, Equatorial Guinea to Sign LNG Deal
Ghana's President Nana Akufo-Addo plans to sign an agreement to import liquefied natural gas (LNG) from Equatorial Guinea during his three-day visit to the Gulf of Guinea petroleum producer due to begin on Monday, his office said. Though an oil and gas producer in its own right since its flagship Jubilee field came on stream in 2010, Ghana has in the past struggled to ensure reliable power production for a growing domestic market. Equatorial Guinea, meanwhile, is exploring the possibility of selling a portion of its LNG cargos to its African neighbours. The statement from Akufo-Addo's communications director said the president was expected to sign a framework document with his counterpart President Teodoro Obiang Nguema to import LNG from Equatorial Guinea for five years.
Gunvor Awarded Fortuna FLNG Offtake
The Ministry of Mines and Hydrocarbons (MMH), Ophir Equatorial Guinea (Block R) Ltd, OneLNG SA and La Compania Nacional De Petroleos De Guinea Ecuatorial (GEPetrol) have nominated Gunvor Group Ltd (Gunvor) as its preferred LNG Buyer for offtake from the Fortuna FLNG project. All parties have agreed the principal commercial terms subject to finalizing a Sale and Purchase Agreement (SPA) for the offtake ahead of the Final Investment Decision (FID) on the Fortuna FLNG project. Gunvor will take the full contract capacity of the Gandria FLNG vessel of 2.2 MMTPA which will be purchased on a Brent-linked, Free on Board (FOB) basis for a 10 year term. The contract structure allows flexibility for up to 1.1mmtpa of the Fortuna capacity to be marketed on an alternate basis.
Lithuania Receives First U.S. LNG Cargo
Lithuania received its first spot shipment of liquefied natural gas (LNG) from the United States on Monday, the result of a deal aimed at reducing dependence on Russia and consolidating relations with Washington amid increased tension in the region. Russia's annexation of Crimea in 2014 has spooked the Baltic states, once ruled from Moscow but now members of both NATO and the European Union. "This is crucially important for the whole region," said Lithuania's Foreign Affairs Minister Linas Linkevicius.