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WFW Advises FPSO Joint Venture Debt Financing
International law firm Watson, Farley & Williams Asia Practice LLP (WFW) said it advised a joint venture involving M3nergy and PT Transamudra as sponsors on a $182 million term facility and $38.4 million guarantee facility. The funds will finance the floating production…
Boat of the Month: M/V HOS ACHIEVER
Accommodations, Features and Comfort combine with Safety. All are key for Offshore Housing missions. Deepwater operations are increasingly demanding more personnel offshore, often for longer periods of time, placing a greater emphasis on crew accommodation.
Strainstall Supply Load Pins for Shell Stones Project
Strainstall UK Limited has been selected to work alongside SBM offshore on the prestigious Shell Stones project, which is an ultra-deep Oil and Gas development in the Gulf of Mexico and is currently the deepest production facility in the world at approximately 2,900 meters.
Nations Wary of Extracting Carbon from Air to Fix Climate
Many nations want a draft U.N. report to tone down prospects for sucking greenhouse gases from the air to help fix global warming, reckoning the technologies are risky, documents seen by Reuters show. Government officials and scientists are meeting in Berlin this week to edit the report…
Shell Lifts First Crude Oil from Majnoon Oilfield
Shell announced today that the Majnoon oilfield it operates in partnership with South Oil Company (SOC), Petronas and Missan Oil in Southern Iraq has successfully exported its first shipment of crude oil to Shell trading, a significant milestone for the oilfield.
Pre-production Inspection Aboard First of its Kind FPSO
This week a team of BSEE engineers and inspectors conducted a safety inspection of the first FPSO (floating production storage and offloading) vessel designed and built for containment use in the Gulf of Mexico. The pre-production inspection…
BMT Delivers Metocean Support for Tullow Oil
BMT ARGOSS (BMT), a subsidiary of BMT Group, has announced the award of a number of metocean assessments for Tullow Oil Plc., including comprehensive overviews of meteorological and oceanographic conditions in West Africa and South America,…
GoM FPO Vessel Emergency Production Shut-In
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
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
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…
Enhanced Fire Protection Guide from ABS
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
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
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
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
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
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
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
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.
Danish shipping fuel supplier OW Bunker confirms IPO plan
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
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
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…