Transocean Inc. announced that its subsidiaries have reached an agreement with subsidiaries of Petrobras and Mitsui to acquire a newbuild ultra-deepwater drillship under a capital lease contract. In conjunction with the capital lease contract, subsidiaries of Petrobras and Transocean have entered into
Norway's oil industry called on the new Petroleum and Energy Minister Terje Riis-Johansen to open up quickly more area for offshore oil and gas exploration.With oil output from ageing North Sea fields in decline, the industry sees access to new acreage as the best way to sustain a boom which has
David C. Hanby, Jr., President & COO McDonough Marine shares with readers of MarineLink.com his insights on key market drivers for the coming year. What legislative/political issue do you count as the most important for the marine industry in the next few years?DH:
Transocean Inc. announced that its subsidiaries have reached an agreement with subsidiaries of Petrobras and Mitsui to acquire a newbuild ultra-deepwater drillship under a capital lease contract. In conjunction with the capital lease contract, subsidiaries of Petrobras and Transocean have entered
The New York Times reported that a shortage of ships used for deepwater offshore drilling may impede any rapid turnaround in oil exploration and supply.Slow growth in oil supplies, at a time of soaring demand, has been a major factor in the spike of oil and gasoline prices. Demand is so
Total SA said it had signed an agreement with China National Offshore Oil Corp for the sale of liquefied natural gas to China.Under a heads of agreement, up to 1 million tons of LNG will be delivered to CNOOC annually starting in 2010, Total said. The gas will be sourced from Total's global LNG portfolio,
John McCain, the presumptive Republican presidential candidate, will score points with the offshore oil and gas industry with his recommendation to lift federal moratoriums that restrict drilling for oil and gas, in the name of energy security. In a recently release, he stated "I'll
Schlumberger announced today that it has acquired Integrated Exploration Systems (IES), the Aachen, Germany-based supplier of advanced petroleum systems modeling software and services for the exploration and production (E&P) industry. IES specializes in the modeling of the generation, migration
Qatar Petroleum (QP) has issued a construction services tender covering its offshore fields as part of a three-year deal.The scope of works includes fabrication, piping, welding, painting, hydro testing and crane support facilities.In addition, three boats equipped with a deck-mounted crane
Harrison Brothers Dry Dock & Repair Yard, Inc. has begun the preparations to begin the transformation of a 260 ft. Offshore Deck Barge into a 120 berth accommodations Flotel. The projects final destination is off the coast of Nigeria for an undisclosed Oil & Gas Exploration Company. Harrison
Petrobras announced the discovery of oil and gas in ultra-deep waters in the Central Gulf of Mexico, in the U.S., via its Petrobras America Inc. subsidiary, based in Houston, Texas. The discovery was made via the Stones # 3 well, drilled to perform the exploratory assessment of the Stones discovery,
Dove Energy and its partner Larsen Oil and Gas are repotedly negotiating with the Syrian Petroleum Company and the Ministry of Petroleum and Mineral Resources for a license to drill exploration wells in Syrian waters.Last year Syria offered four blocks offshore Syria with a total area of 5,000 square kilometers,
"The high oil price has created a boom market for offshore support vessels and we expect the oil market will remain high for the foreseeable future,” said Eivind Grostad, DNV’s Senior Vice President & Regional Manager for DNV Maritime. According to the classification society,
Ship Finance International Limited announced that it has entered into an agreement to acquire the newbuilding ultra-deepwater drillship West Polaris, from a subsidiary of Seadrill Limited. With a total acquisition cost of approximately $850 million, the vessel is expected to be delivered end of
Incat Crowther will design a 24m Catamaran Work Boat for Offshore Unlimited, which is to be built at the new Richardson Devine Marine facility in Hobart, Tasmania. The design will be based on Incat Crowther's recent successes in catamaran work boat design.The vessel will be a 24 m high speed catamaran
By Navy News Service1801 - Tripoli declares war against the United States.1836 - U.S. Exploring Expedition authorized to conduct exploration of Pacific Ocean and South Seas, first majorscientific expedition overseas. 1845 - First U.S. warship visits Vietnam. 1975 - Marines recapture Mayaguez,
Bourbon SA said sales jumped 21.4 percent to 211.7 million euros in the first quarter from 174.4 million a year ago, equal to 34.5 percent growth at constant exchange rates, spurred by sharp increases at both its main divisions, offshore and bulk.In the offshore business, sales climbed 23.4 percent to 136.
Smit Internationale, the biggest marine-salvage company, may be heading for a takeover two months after rejecting a $300m bid for its oil-tanker towing unit. The shares, already lifted by record crude prices, have jumped 25 percent since Chief Executive Officer Ben Vree rebuffed the offer for Smit Terminals from Royal Boskalis Westminster NV,
Imtech was commissioned to provide solutions for platform automation, propulsion & drive, energy distribution, innovative automated bridge systems and navigation & communication on board various high-tech offshore construction vessels to be used in the exploration and exploitation of oil and gas.
Calling 2007 “a truly remarkable year,” ABS Chairman and Chief Executive Officer, Robert D. Somerville reported a record fleet size and record orderbook to the 146th Annual Members Meeting of the classification society, held in New York. Acknowledging that “ABS has benefited
Island Oil & Gas Plc. said it has won the Q13b exploration licence from the Dutch government, valid for five years. The minister of economic affairs of the Netherlands awarded the license to Island Netherlands B.V., a wholly owned unit of Island Oil, and Aceiro Energy B.V. Island, the designated operator,
Providence announced the conclusion of its seismic acquisition program in the Celtic Sea and St. Georges Channel area, offshore Ireland. The program, first announced on 15 September, 2006 was carried out by Gardline Surveys Limited utilizing the MV Sea Surveyor. In total, approximately 1,000 kms of
By Mass Communication Specialist 3rd Class Kellie Arakawa, Naval Post Graduate School Public AffairsGraduating students from the Naval Postgraduate School received a personal congratulations from the Chief of Naval Operations (CNO) Adm. Gary Roughead as they walked across the stage in King Hall
StatoilHydro is investing $413 million in R&D activities in 2008, 20% more than in 2007. The R&D portfolio is divided into: exploration, increased oil recovery, new development solutions, oil and gas value chain, new energy as well as new ideas. Video available includes: headquarter, offshore and onshore facilities shots,
J. Ray McDermott S. A. said that subsidiaries of the company were recently awarded an engineering, procurement, construction and installation contract by Chevron Thailand Exploration and Production for the Platong Gas II Project in the Gulf of Thailand. The contract encompasses the full EPCI scope
During a routine inspection immediately prior to start up of the Neptune tension leg platform (TLP) in the Gulf of Mexico, BHP Billiton found structural anomalies in the hull. Further inspection and assessment were underway to determine the appropriate course of action to mitigate the anomaly.
On March 24, 1989, the tanker Exxon Valdez grounded on Bligh Reef in Prince William Sound, Alaska. The resultant spill of 11 million gallons of crude oil was not the largest in US history and most people forget that salvage and response efforts kept the majority of the oil safety on board the ship.
While South Korean shipbuilders continue to enjoy another good year, representatives from three of the world’s largest yards reportedly are angling to focus on securing more ‘strategic’ orders to keep momentum, according to a report in the Korea Times.Korean yards are facing increasing pressure from Chinese shipbuilders,
ASL Marine Holdings won three new shipbuilding contracts worth $91m from repeat customers based in Europe, Energy Current reported.The first contract with Belgian group DEDE is for a 12,860 KW self-propelled cutter suction dredger with a barge loading facility and a total installed power of about 13,000 KW.
Keppel FELS Limited (Keppel FELS) will build a third KFELS B Class jackup drilling rig worth about US$205 million for PetroVietnam Drilling & Well Services Corp’s (PV Drilling) subsidiary PetroVietnam Drilling Investment Corp (PVD Invest).
The agreement is subject to conditions being met by March 14.
Hyundai Heavy Industries has set a new record in the global shipbuilding history by winning $5.7b in orders in February, the highest figure ever for a single month.
The Korean shipbuilding giant said Sunday that it won $5.7 billion in orders for 25 ships last month, including a $1.6 billion contract
China's seas will contribute $433b or more than five percent of the country's gross domestic product (GDP), in 2010, according to a report on China's marine development.
The report, issued on Friday by the State Oceanic Administration (SOA), also predicted the country's offshore crude oil output would exceed 50 million tons.
British oil and gas company BP is hopeful of making good natural gas discoveries in Libya and plans to begin exploring there later this year, Reuters reported.
BP and Libya signed a gas exploration deal last year that marked the return of the world's third-largest fully publicly traded oil firm by
Transocean Inc. was awarded of a 689-day contract by a consortium headed by Marathon International Petroleum Indonesia Ltd, a wholly owned subsidiary of Marathon Oil Corporation, for the ultra-deepwater drillship GSF Explorer to drill a series of exploration wells in a deepwater province in Indonesia.
VT Halter Marine won a contract for the design and construction of two Platform Supply Vessels (PSV) for L&M Botruc Rental Inc. The contract is valued at between $45-$55m. Physical construction is scheduled to begin in the second quarter of 2008 with deliveries of the two vessels scheduled in 2010.
Royal Dutch Shell plc is the high bidder on 275 lease blocks in the February 6th, 2008 US Outer Continental Shelf Lease Sale
193 in the Chukchi Sea, offshore northwest Alaska. Shell's high bids
totalled $2.1b.
The Interior Department proposed giving energy companies credits for future royalties owed to the government on oil and natural gas drilling if they give up certain exploration leases in the Gulf of Mexico that are near the Florida coastline.
Legislation passed by Congress mandated a moratorium on
ExxonMobil Exploration and Production Norway AS has exercised a two year option in its term contract with Aker Kvaerner in Stavanger, Norway. The contract covers all ExxonMobil operated assets in the Norwegian Continental Shelf.
"By exercising this option ExxonMobil show their satisfaction
Pride International is continuing the expansion of its deepwater fleet, following a multi-year contract award from a subsidiary of Petroleo Brasileiro S.A. (Petrobras) for the construction and operation of an advanced-capability, ultra-deepwater drillship in support of Petrobras's international exploration and development drilling projects.
Petro-Canada is reporting oil and gas discoveries at two exploration wells: one in the U.K. sector of the North Sea and one in deep water off Trinidad and Tobago, according to a report on The Canadian Press.
In Trinidad and Tobago, the Cassra-1 well in deep-water Block 22 was completed as a significant natural gas discovery.