Stories

GoM FPO Vessel Emergency Production Shut-In

March 28, 2014

The Bureau of Safety and Environmental Enforcement (BSEE) informs it is responding to a report of an emergency disconnect and production shut-in onboard the Helix Producer 1 located approximately 100 miles southwest of Houma, La. The offshore oil and gas operator…

Bibby Offshore Begins Construction, IRM Campaign

March 25, 2014

Subsea installation contractor Bibby Offshore has recently commenced work with Maersk Oil UK on a multimillion pound contract that will see Bibby Offshore provide subsea construction and inspection, repair and maintenance (IRM) services to all of Maersk’s North Sea assets.

BASS Launches Fleet Management System

March 25, 2014

BASS, a global provider of fleet management software for ship owners and ship managers as well as operators of rigs and floating production, storage and offloading vessels (FPSOs) and offshore units, introduced the BASSnet 2.9 Fleet Management…

Floating Production Systems Report And Online Database

  • Monthly reports -- Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 80 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In October of each year we provide a detailed five year forecast of production floater orders. In March of each year we fine tune the forecast and make revisions as needed.
  • Online database -- The online database is updated every day – with information direct from primary sources. In the database are details for 240 planned projects, 370 installations in service, 70+ floaters on order and 20+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database.
  • Customer support -- We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

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Enhanced Fire Protection Guide from ABS

March 21, 2014

ABS recently released the ABS Guide for Enhanced Fire Protection Arrangements. According to ABS Director of Marine Technology Christina Wang, one of the primary goals of this new guide is to provide criteria for notations that increase the level of protection against fires on board vessels…

Norwegian Seminar to Focus on Financing, Procurement

March 17, 2014

The challenges of managing efficient procurement  processes and getting the right funding in the shipping and offshore sectors is the topic for a major half day conference in Singapore later this month. Coinciding with the Asia Pacific Maritime (APM) event on March 20…

Floating Production Inventory Continues to Grow

March 17, 2014

The number of floating production systems continues to grow;  349 floating production units are now in service, on order or off-field/being remarketed. This inventory is 5% higher than a year ago, 27% higher than five years ago. Current Inventory: Of the total…

Keppel Reports Batch of New Projects

March 17, 2014

Keppel Offshore & Marine Ltd.'s (Keppel O&M) subsidiaries Keppel Shipyard Ltd., Keppel Singmarine Pte Ltd. and Keppel Nantong Shipyard Co. Ltd. have secured contracts worth a total of about S$140 million. Michael Chia, Managing Director (Marine & Technology) of Keppel O&M…

New North Sea CNR Contract Requires Second Harkand Vessel

March 17, 2014

Subsea inspection, repair and maintenance (IRM) group Harkand says it is to position a second dive support vessel in the burgeoning North Sea sector after securing a major contract with CNR International (CNRI). The contract will see Harkand deliver jacket life extension works…

McDermott Make Middle East Pipeline Emergency Repair

March 14, 2014

The Dive Support Vessel 'Thebaud Sea' was recently mobilized by McDermott International, Inc. for an emergency pipeline repair intervention contract offshore the United Arab Emirates. McDermott say that this is the third time in recent months…

Record 40,000bpd from Cascade and Chinook

March 7, 2014

According to Petrobras, production at Cascade and Chinook fields hit 40,000 barrels per day (bpd) on March 4, 2014, a new output record for these oilfields. Cascade has 3 wells in operation and Chinook 2 wells. The record levels were achieved by bringing on stream two new wells…

McDermott Get Big Middle East Offshore Contract

March 6, 2014

McDermott International, Inc. informs that one of its subsidiaries has been awarded a large engineering, procurement, construction and installation (“EPCI”) project by an operator in the Arabian Gulf. The award is included in McDermott’s fourth quarter 2013 backlog.

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Danish shipping fuel supplier OW Bunker confirms IPO plan

March 5, 2014

Private equity co Altor plans to partly sell holding; OW Bunker FY net up almost 50 pct at $63.4 mln. Revenue up more than 20 pct at $16.99 billion. Danish ship fuel supplier OW Bunker plans an initial public offering (IPO) of shares in Copenhagen…

Crowley Maritime Tugs Deliver Massive Semi-Submersible

March 4, 2014

Crowley Maritime Corp. inform that its ocean class tugs have successfully delivered oversized, overweight equipment – comprised of topsides, tendons, piles and more – that are now part of a massive semi-submersible floating production facility located in the U.S.

Norway Confirms Small Arctic Oil Find

March 3, 2014

Norwegian oil explorer Det norske made a small oil discovery in the Arctic Barents Sea with a gross oil column of about 30 metres and much poorer reservoir quality than expected, the Norwegian Petroleum Directorate said on Monday. Det norske…

Denmark's OW Bunker to announce IPO this week

March 3, 2014

Danish ship fuel supplier OW Bunker aims to publish plans for a stock market listing this week, three sources familiar with the matter told Reuters on Monday. "The plan is to be listed before Easter," one source said, adding that Morgan Stanley, Carnegie, Nordea and ABG would lead the IPO.

Deep Down Challenges Tackled by ABB Technologists

February 28, 2014

ABB explain that as offshore shallow-water oil and gas reserves run dry, the industry is turning to deeper waters which sets great technical challenges . It was not until 1934 that the first manned submarine reached a depth of just 914m (0.6 miles).

Aegean Profitable in 2013 Despite Bunker Market Challenges

February 27, 2014

Ship bunker suppliers Aegean Marine Petroleum Network release financial and operating results for the fourth quarter ended December 31st, 2013, registering a third consecutive profitable year. Quarterly & full year highlights Recorded sales volumes of 2…

Saipem wins $520m offshore contracts in Congo, Indonesia

February 24, 2014

(Reuters) - Saipem has won new contracts for off-shore engineering and construction in Congo and Indonesia worth a total $520 million, the Italian oil services group said on Monday. Saipem said parent company ENI had assigned a consortium led…

Teekay Offshore Buys Towage Firm, Orders New AHTS Vessels

February 24, 2014

Teekay Offshore Partners say they have agreed to acquire ALP Maritime Services B.V. (ALP), a Netherlands-based provider of long-haul ocean towage and offshore installation services to the global offshore oil and gas industry. Details as follows…

CAMAC Contracts FPSO for Offshore Nigeria

February 21, 2014

CAMAC Energy Inc. announced that a long-term contract has been signed for the floating production storage and offloading vessel (FPSO) Armada Perdana. The contract provides for an initial term of five years beginning January 1, 2014, with an…

Accommodation and Features are Key for Offshore Housing

February 20, 2014

Deepwater operations are increasingly demanding more personnel offshore, often for longer periods of time, placing a greater emphasis on crew accommodation. Now accommodation and special features join safety as the key components for a new range of comfortable, large-scale offshore housing vessels.

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