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
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
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,
Iran's North Drilling Company (NDC) and the Hong Kong-registered China Oilfield Services Ltd. signed an oil-exploration agreement for management, repair, and maintenance of the Alborz semi-floating platform, currently being constructed by the Iranian Offshore Industries Company. A three-year contract with an estimated cost of $33 million will enable Iran, with China's help, to move its exploration activities to the deep waters of the southern Caspian
The Port of Erie is located on the southeast shore of Lake Erie in a natural bay formed and sheltered by Presque Isle peninsula. Its harbor entrance channel is narrow and 29 feet deep. Dredging is a constant concern. In fact, dredging of harbors around the Great Lakes has been a hot button issue
Acteon company InterMoor completed decommissioning operations of the Innovator platform in the Gulf of Mexico’s Gomez field, Mississippi Canyon Block 711. Conducted in water depths of 910 meters, the scope of work involved disconnecting 10 risers/umbilicals; disconnecting 12 mooring lines
Singapore-based Otto Marine inform it has named the 'Norshore Atlantic' – which it considers to be the first vessel of its kind to be constructed in Asia – at its Batam Shipyard in Indonesia. The new offshore service vessel has been built to the MT6022XL Norwegian design
By Balazs Koranyi, Reuters The current slowdown in offshore oil and gas drilling will last 12 to 18 months, and the market for rigs will rebound in 2015, Maersk Drilling said, providing a more optimistic forecast than other drilling firms.
MacGregor, part of Cargotec, says it has acquired Norwegian privately-owned Deep Water Solutions AS, a company specialising in lifting applications utilising electric multi-drive technology. "Customer requirements for environmentally friendly solutions are increasing in offshore load
The European outlook for the offshore pipe industry in 2014 is positive, according to a recent report conducted by Tata Steel, a supplier of innovative deep-water pipe line solutions. The study, conducted by Europe’s second largest steel producer, points to high energy demand from Africa
Kongsberg Maritime has delivered its 50th HAIN (Hydro Acoustic aided Inertial Navigation) Reference System, to long-time HAIN user, Ocean Rig. HAIN significantly improves reference data accuracy and update rate sent to Dynamic Positioning (DP) systems to support safer
The new Wärtsilä slop water treatment system has been ordered for an ultra-deep water drill ship operating in the Gulf of Mexico, marking the first for Wärtsilä’s new system. The contract was signed in the end of 2013.
Hyundai Heavy Industries (Hyundai) has awarded Kvaerner a sub-contract to provide services for inshore and offshore hook-up and commissioning assistance for the topsides for the Aasta Hansteen spar project. The inshore-work will be carried out at Stord and the offshore scope will be done at
International law firm Ince & Co (Singapore) LLP represented Oro Negro in its international bond issuance, an offering of US$725-Million Notes due 2019. Partner Martin Brown described the issue as very good news for both the global high yield market and the oil services sector including the
The International Marine Contractors Association (IMCA) Wire Rope workgroup has held three Wire Rope Workshops, the fourth in the series ‘Optimum System Design for High Value Subsea Construction Ropes’ will be held 18 March 2014 at the Radisson Blu Hotel at Amsterdam Airport.
Moose Boats, an aluminum boat designer and manufacturer in the San Francisco Bay Area announced the delivery of two patrol boats in late 2013. M1-44’ Patrol Boat delivered to Bridgeport Police Department in Connecticut Moose Boats delivered a new M1-44 Catamaran Patrol Boat to Bridgeport
The oil and gas industry innovates to exploit hydrocarbon resources in harsh environments or locations where access is difficult. In recent years, the focus of these operational challenges has been on dealing with higher operating pressures and deeper water
On the heels of President Obama’s State of the Union address where he laid out actions to move the economy toward clean energy sources, reduce carbon pollution and create jobs, Secretary of the Interior Sally Jewell has announced an important step forward for the first offshore wind project
IHC Merwede says it has been successful in securing orders worth € 350 million for a wide range of dredging and offshore vessels and equipment, including a large trailing suction dredger for a Chinese customer. News of the orders as follows: