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Where is Floating Production Headed?
The number of floating production units grew 5% in 2013. Here we examine the global market and future opportunities. Currently, there are 319 oil/gas floating production units are now in service, on order or available for reuse on another field.
Aegean Bunkering Secures Cash for US Expansion
Aegean Marine says it has secured a $150 million uncommitted working capital facility from ABN AMRO Capital USA to finance the working capital requirements of Aegean Bunkering (USA) LLC, which Aegean Marine recently formed to complete the acquisition of the former U.S.
BW Offshore: VLCC Acquired for Future Projects
BW Offshore announced that it has exercised an option to acquire the tanker Blue Opal for $83.4 million from Daewoo Shipbuilding & Marine Engineering (DSME). Blue Opal is a DSME designed and built VLCC (320,000 dwt) from 2012. BW Offshore has…
BW Offshore Acquires VLCC from DSME
BW Offshore has exercised an option to acquire the tanker Blue Opal for USD 83.4 million from Daewoo Shipbuilding & Marine Engineering (DSME). Blue Opal is a DSME designed and built VLCC (320,000 dwt) from 2012. BW Offshore has performed detailed…
The Trinidad & Tobago Maritime Sector
Shipbuilding, repair endorsed by government to diversify economy The recent 2013-14 National Budget of Trinidad and Tobago firmly highlighted the government’s intention to endorse Shipbuilding and Repair as a means of diversifying our traditional oil and gas economy.
Aegean Secures Hess' US East Coast Bunkering Business
Aegean Marine Petroleum Network Inc. says it has completed the previously announced acquisition of the U.S. East Coast bunkering business of Hess Corporation. The transaction, which includes bunkering operations that averaged 1.8 million metric tons in annual sales over the past three years…
Keppel Wins $120m in Offshore Contracts
Keppel Offshore & Marine Ltd's (Keppel O&M) subsidiaries Keppel Shipyard Ltd (Keppel Shipyard) and Keppel Nantong Shipyard Co. Ltd (Keppel Nantong) won five contracts worth about $120m in total. "We are glad to have the support of repeat and new customers for a range of offshore and marine projects…
Vessel Optimization Data Combines Ocean/Tidal Currents
A vessel optimization application offering combined tidal and non-tidal (ocean) current data has been launched for integrated vessel speed and route optimization. Developed by oceanographic data specialist Tidetech, the new application offers…
China Offshore Inert Gas Orders for Norway's WTS
Wilhelmsen Technical Solutions (WTS) say they have secured multiple orders to supply Maritime Protection Inert Gas Generator (IGG) systems for installation on vessels under construction for operations offshore China. The Maritime Protection…
Aurora LNG Submits Canada Export Bid
British Columbia’s first liquefied natural gas (LNG) proposal at Grassy Point near Prince Rupert has filed its export application with Canada's National Energy Board (NEB). "Aurora LNG is moving forward with their plans to export B.C.'s natural gas to new markets overseas…
US East Coast Bunker Business Taken Over by Aegian Marine
Greek-based Aegean Marine Petroleum Network Inc. has entered into an agreement to acquire the U.S. East Coast bunkering business of Hess Corporation. Hess Corporation is currently the leading marketer of marine fuels along the U.S. East Coast.
Sealink Connects with BASSnet Software
Shipping solutions provider BASS is going deep into Malaysian waters, signing on Sealink Sdn Bhd, a wholly-owned unit of Sealink International Bhd, to equip it with the state-of-the-art Human Resource Management solution, BASSnet HRM 2.8. The contract…
IBIA, SAMSA to Bring Offshore Bunkering to South Africa
The International Bunker Industry Association (IBIA) has announced that it will be working with the South African Maritime Safety Authority (SAMSA) to develop a Bunkering code of practice for the supply of fuel from offshore barges. Offshore bunkering is currently banned in South Africa…
BMT Provides EPRMS and IRMS for Anadarko Heidelberg
Anadarko Petroleum Corporation awarded a contract to BMT Scientific Marine Services Inc (BMT) to provide an Environmental and Platform Response Monitoring System (EPRMS) and an Independent Remote Monitoring System (IRMS) for the Heidelberg spar in the U.S. Gulf of Mexico.
Chinese Firms in Winning Libra Field Bid, Offshore Brazil
The Chinese firms, China National Offshore Oil Corporation ( CNOOC) and China National Petroleum Corporation (CNPC), have a 10 percent stake each, with Shell and Total taking 20 percent each, and Petrobras the remaining 40 percent share. The…
Substantial GofM Subsea Contract for Technip
Technip has been awarded a substantial contract by LLOG Exploration Offshore L.L.C. for the development of the Delta House field, located in the Mississippi Canyon area of the US Gulf of Mexico. This contract covers the project management, engineering…
Buckeye to Acquire Liquid Petroleum Terminals From Hess
Buckeye Partners, L.P. signed a definitive agreement with Hess Corporation and its subsidiaries to acquire 20 liquid petroleum products terminals with total storage capacity of approximately 39 million barrels for $850 million. The 19 domestic…
Drydocks World Send Off First Shell Prelude Turret Module
The first module, the bogie support structure, standing 22 metres high, with a diameter of 30 metres and weighing 1300 tonnes will be transported to Korea to integrate with the Prelude FLNG vessel. Other modules will soon follow. The Prelude…
Aegean Marine Petroleum Secure US$1-billion Credit Facility
Aegean Marine Petroleum Network Inc. state they will make use of this line of credit for working capital in connection with the purchase, transportation, storage and sale of fuel and gas oil. "These facilities significantly enhance our financial…
CNOOC Signs PSC with Smart Oil
China National Offshore Oil Corporation (CNOOC) signed production sharing contract (PSC) with Smart Oil Investment Ltd. (Smart Oil) for Block 05/31 in Bohai. Block 05/31 is located in the junction of Qikou Sag and Nanpu Sag of the West of Bohai.
Fugro & Bumi Armada in Offshore Joint Venture
Fugro and Malaysia Oilfield Services company, Bumi Armada Berhad, are entering into a Joint Venture to target to the well services industry. The new venture, in which Fugro has a 49% interest and Bumi Armada a 51% interest, will feature a multi…