CNOOC Ltd.’s unlisted parent company plans to start deep water oil and gas exploration in the South China Sea with Canada's Husky Energy Inc. next year, according to AP report. If the scheduled exploration finds sizable reserves in a bloc in the South China Sea about 185 miles south of Hong Kong, it will be China's first deep water oil and gas field. CNOOC's parent company is currently restricted to pumping oil and gas offshore at no deeper than 350 m, because of the technology currently available to it. According to the report, CNOOC previously signed a production sharing contract with Husky, an integrated oil and gas producer, to jointly explore and develop two deep water blocs in the South China Sea. The two companies explored the other bloc in the western part of the South China Sea in 2004, but the reserves discovered were too small to justify commercial drilling. Source: AP
China will build its own deep water oil exploration fleet in three to four years. The fleet will be able to work in deep waters all over the world, except for the north pole. China's Offshore Oil Company has launched the strategy for building such a fleet. The company's spokesman, Liu Junshan, said one of their future targets would be deep sea oil exploration. They will invest up to $1.33b in the construction of modern equipment for deep sea drilling, a laboratory, and a working fleet
Sonardyne International has announced the launch of an Automatic Leak Detection Sonar (ALDS) at the Oceanology International Exhibition and Conference in London. The Sonardyne product is an active sonar capable of detecting and localizing deep water hydrocarbon leaks around offshore installations and pipelines soon after they develop, allowing operators to respond immediately and accurately in the case of a leak.ALDS is designed to detect oil and gas leaks at significant ranges
DryShips Inc. (NASDAQ: DRYS) announced that its 78% owned subsidiary Ocean Rig UDW Inc. took delivery of its newbuilding drillship, the Ocean Rig Corcovado. The Ocean Rig Corcovado is the first to be delivered of the four sister drillship vessels that are being constructed at Samsung Heavy Industries. The construction of all vessels is progressing well and according to schedule. The vessels are sixth generation advanced capability ultra-deep water drillships
DNV has developed a new pipeline concept, called X-Stream, that can significantly reduce the cost of a deep- and ultra-deepwater gas pipeline while still complying with the strictest safety and integrity regime. X-Stream is based on established and field-proven technologies which have been innovatively arranged. X-Stream can reduce both the pipeline wall thickness and time spent on welding and installation compared to deep-water gas pipelines currently in operation
High oil prices will drive oil & gas industry spends on offshore drilling to a total of $380b over the five year period to 2012; a rise of nearly 60% in comparison to the $240b spent in the previous five years. The latest edition of the ‘World Offshore Drilling Spend Forecast 2008-2012’ published by Douglas-Westwood and Energyfiles forecasts that by 2012 the global drilling market will be worth an estimated $80b, more than doubling since 2003.
Gardline Geosciences & Canyon Offshore strategic alliance to provide deep-water seabed drilling service to offshore SI market. Eric Zon, Managing Director of Gardline Geosciences stated ‘this agreement is a perfect synergy to enable Gardline to offer full geotechnical services in the deep water market and to add enhanced operational performance in extreme shallow water-environments. The technology strengthens Gardline Geosciences and its sister company Asian Geos
International Submarine Engineering Ltd was awarded a development contract in December, 2007 by Cybernetix S.A. of Marseille, France. The contract is to conduct the design and engineering work on a new Autonomous Underwater Vehicle (AUV) platform, known as SWIMMER. The contract comprises engineering Phase 1 of the SWIMMER project. Since 2001, Cybernetix has proven that the concept of using a hybrid AUV-ROV for inspection,
Mexico on Friday put into effect an agreement signed in 2012 with the United States to allow companies to exploit deep water oil resources in the Gulf of Mexico that straddle the countries' maritime boundaries. The deal, published in the government's gazette, lifts a moratorium on oil and gas exploration and production along the countries' maritime border in the Gulf and sets up a framework for companies to jointly develop any trans-boundary reservoirs.
The U.S. leg of ABB has won a $15 million contract for construction of a riser system for a new build drillship designated to operate in up to 10,000 ft. of water. With a scheduled delivery sometime during the second quarter of 2000, Saipem SPA of Milan, Italy granted this right to ABB Vetco Gray with construction to be done at Samsung Yard in Korea. The rig will incorporate both standard equipment, as used in most deep water rigs
Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said it would sell a big U.S. container terminal to infrastructure investor Alinda Capital Partners and a British private pension fund. The companies, in a joint statement on Tuesday
Five vessels of Smit Lamnalco, the global marine service provider, played the key role in the unberthing and float-over of the world's largest high voltage direct current (HVDC) platform, DolWin beta, at Drydocks World - Dubai. The five escort tugs
Trelleborg’s marine systems operation has been awarded the contract to supply more than 70 UE1000 Unit Element fender systems to DP World Southampton. The new systems, taking the total supplied by Trelleborg to the Southampton container terminal to over 110
Italian oil and gas group Eni said it signed a deal to explore for hydrocarbons in the Republic of Congo's coastal basin, expanding its foothold in sub-Saharan Africa's No. 4 oil producer. At a signing ceremony in capital Brazzaville
Chinese energy giant CNOOC Group is studying the possibility of building a multibillion-dollar floating liquefied natural gas (FLNG) vessel, as-yet untried technology that would likely be used to produce gas from the deep waters of the South China Sea.
Kalmar, part of Cargotec, will deliver Kalmar SmartLane automated gate system to Port of Liverpool, operated by Peel Ports Group. The new system will reduce waiting times and administration for hauliers, resulting in faster turnaround
Simplex-Turbulo Co. Ltd. announced that it now represents three drydocks: Jurong (Singapore), Astander (Northern Spain) and the newest addition Fujian Huadong (China). A new shipyard built in 2011, the Fujian Huadong shipyard is located on the northern side of Fujian Luoyuan Bay
Stanford Marine, a regional offshore marine business, announced today from its Dubai headquarters the delivery of the latest addition to its fleet. Stanford Mustang, a 50m DP2 Anchor Handling Tug was specially designed to handle a specific charter in Qatar and was built at Fujian Mawei shipyard
MacGregor, part of Cargotec, has secured a contract with the Marco Polo Shipyard Pte Ltd with its facilities in Batam, Indonesia, to supply deck equipment for two 76m, 9,000kW anchor handling tug supply (AHTS) vessels with bollard pulls of 150 metric tons, to be constructed for Marco Polo Marine
Governor Bobby Jindal appointed south Louisiana businessman and entrepreneur Laney J. Chouest to the Board of the Commissioners of the Port of New Orleans. Chouest, who was sworn in during today’s Board meeting, will serve a five-year term, succeeding Joseph F
On June 23, Port Canaveral signed a 35-year agreement with GT USA, the United States business arm of international terminal operator Gulftainer, to operate and develop its container and multi-purpose cargo terminal. The terminal is set to open in the last quarter of 2014.
APM Terminals concluded a contract with Austrian-based crane manufacturer Hans Kuenz GmbH in combination with ABB of Sweden for an additional 22 Automated Rail-Mounted Gantry Cranes (ARMGs). The order will bolster the yard operation for Phase I of the new 2
Israel said on Monday it has selected a subsidiary of China Harbour Engineering Company to build a $950 million (3.3 billion shekel) port in southern Ashdod on Israel's Mediterranean coast. Under the terms of the tender, the company, Pan-Mediterranean Engineering Ltd
Following the expansion to Fujairah and Gothenburg, GAC EnvironHull is now offering its HullWiper underwater hull cleaning service at the UAE port of Sharjah. The HullWiper, a Remotely Operated Vehicle (ROV) underwater hull cleaning unit, uses adjustable pressure sea water jets for
China is sending four oil rigs into the South China Sea in a sign that Beijing its stepping up its exploration for oil and gas in the tense region, less than two months after it positioned a giant drilling platform in waters claimed by Vietnam.