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Louisiana OKs Use of Grants for DP Assessments
Companies can use IWTP state grants to cover costs of OSVDPA assessments The Louisiana Workforce Commission (LWC) has approved use of Incumbent Worker Training Program (IWTP) grants to cover the cost of Offshore Service Vessel Dynamic Positioning Authority, Inc. (OSVDPA) Phase 4 Assessments.
Updated Forecast: Floating Production System Orders
World Energy Reports has released its midterm five year forecast of production floater orders. The forecast, detailed in the March 2017 WER report, reflects positive and negative developments in underlying business drivers since WER’s five year forecast last October.
Uruguay to Tender 17 Offshore Blocks for Exploration
Uruguayan state oil company Ancap said on Tuesday it will tender 17 off-shore blocks for exploration in areas up to 3,000 meters deep, with offers to be presented in April 2019. The tender, called Uruguay Round III, will be launched in Houston in September.
DP Conference: Call for Papers
As the offshore oil and gas industry continues to rebound, so will the demand for dynamic positioning technology and services. The annual Dynamic Positioning Conference provides an annual forum for discussion and for exchange of knowledge, experience…
Keppel's Q1 Profit up 23 pct
Singapore's Keppel Corp on Thursday reported a 23 percent rise in its first-quarter profit as improved earnings from the infrastructure and investments divisions helped offset weakness in its offshore and marine business. Keppel reported a net…
WIN WIN: Wind Powered Oil Recovery Concept Progresses
The DNV GL-led joint industry project, WIN WIN (WINd powered Water INjection), has completed its first phase and determined that wind power could be used to power offshore water injection. The project is currently moving into its second phase…
FPSO Newbuild Shipped to Rotterdam
The team of Vuyk Engineering Rotterdam BV has welcomed the semi-submersible heavy transport vessel Xin Guang Hua owned by Cosco Shipping to the port of Rotterdam, where she will unload the Western Isle FPSO. The vessel has been built by Guangzhou…
Mitsui Innovation: noah-FPSO Hull Gets AIP from BV
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) obtained Bureau Veritas Approval in Principle (AIP) for the noah-FPSO Hull and associated design and construction methods following American Bureau of Shipping. This AIP provides assurance of…
Unusual Sea Chest Blanks for Teekay FSO
Teekay's Randgrid is currently undergoing a major conversion into a floating storage and offloading (FSO) vessel with work that includes the installation of an internal turret mooring system. Oslo-based Miko Marine said it has delivered four…
New Fresh Water Generators for Pionerio de Libra FPSO
Dutch water treatment specialist Hatenboer-Water has supplied three fresh water generators for the Pioneiro de Libra oil production vessel built by Jurong Shipyard Pte Ltd. The order consists of three reverse osmosis type fresh water generators.
LR to Perform Armada Olombendo FPSO Risk Inspection
Lloyd's Register has won an inspection contract with Bumi Armada Berhad for its Armada Olombendo FPSO. The contract agreement provides Bumi Armada with access to Lloyd’s Register’s risk-based inspection services and technical software which will help to develop quantifiable risk profiles.
TMC Compressors for FRSU Newbuild
International compressor supplier TMC Compressors (TMC) said it has been awarded a contract by Daewoo Shipbuilding & Marine Engineering (DMSE) to supply a marine compressed air system to a newbuild floating storage and regasification unit (FRSU).
Hyundai Heavy Developing Barge-mounted Power Plant
Hyundai Heavy Industries (HHI) have signed a joint development project (JDP) to commence an approval in principal (AiP) for a barge mounted power plant, Hi-Floating Power. Hi-Floating Poweris HHI’s floating power plant solution capable of generating…
Hurricane Energy Triples North Sea Recoverables Estimate
Hurricane Energy, listed on London's Alternative Investment Market (AIM), has tripled its estimate of recoverable oil from its Lancaster field in the North Sea, the company said on Friday. The statement comes just over a week after the company…
Gunvor Sounded Out Rivals to Sell Itself - WSJ
Gunvor Group Ltd, one of the world's largest oil traders, has discussed a possible sale of the company with at least two competitors, the Wall Street Journal reported on Friday, citing people familiar with the matter. Any potential deal would…
Italy Watchdog Auditing Saipem for Impairment Charges
Italy's market regulator started an audit of Saipem in November to gather information on write downs the oil service company booked last year, Saipem said in its annual report. The Italian oil contractor announced impairments on a string of…
Norway to Build the World's First Ship Tunnel
Norway is going to build the world’s first tunnel for ships, a 1,700-meter (5,610-feet) which will cost over $300 million USD (NOK 2.7 billion) and allow cruise ships to bypass the most risky area along the coast of Norway. The Norwegian Coastal…
Seadrill Bags Contract For West Aquarius
Seadrill Partners (SDLP) has secured a one well contract with BP Canada Energy Group ULC for the West Aquarius in eastern Canada. The contract is expected to commence in the second quarter of 2018. The backlog for the contract, estimated to be a maximum of 120 days…
Kazakhstan Oil Output Rises in March
Oil and gas condensate output in Kazakhstan rose 2 percent month-on-month in March to 7.4 million tonnes, preliminary energy ministry data showed on Friday, above a level agreed in a global production deal with OPEC. According to Reuters calculations…
Trelleborg Awarded Contract for Catcher FPSO Project
Trelleborg’s engineered products operation recently completed a milestone project for BW Offshore for the complete in-house design and fabrication of floating production, storage and offloading (FPSO) elastomeric bearing structures. Supplied to Premier Oil's Catcher FPSO in 2016…
Pillarstone Italy Invests to Relaunch Premuda
Pillarstone Italy said on Friday it had finalized the acquisition of 100 percent of Italy's Premuda and would invest 50 million euros ($53.5 million) to support the relaunch of the troubled shipping company. Pillarstone Italy is a platform set up by U.S.