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Offshore Energy

Western GofM Oil/Gas Lease Bidding: NOIA Comments

National Ocean Industries Association President Randall Luthi encouraged by sales, urges further offshore developments. Tthe NOIA president's statement is as follows: "This sale is on-par with expectations and shows that the offshore oil and natural gas industry is still committed to domestic exploration and production. The Federal government benefits from this sale through non-income tax revenue and the promise of future income through rents and potential royalties upon production.  With enormous economic challenges facing the U.S., and the impending "fiscal-cliff" dominating the national conversation, it is gratifying to see the offshore industry stepping up to the plate and providing hundreds of millions of dollars to the U.S. treasury. American energy consumers also stand to benefit from this sale through the increased energy security and reliability that successful development of leased tracts will bring. Any sale is good news for the offshore oil and natural gas industry, Federal government, and energy consumers, but today’s sale should also serve as a reminder that Federal policy has placed nearly all of our offshore energy "eggs" in one basket. The Gulf of Mexico is America's offshore energy hub – the source of about 30% of our domestic oil and around 11% of our domestic natural gas


Tidewater Elects Day, Announces Sr. Hire

New Orleans-based Tidewater Inc. elected James C. Day to its Board of Directors and reported it has hired Bruce Lundstrom as senior vice president, general counsel and secretary. Day joins Tidewater’s Board with more than 30 years of experience in the oil and gas industry. He is the retired chairman and former CEO of Noble Corp., one of the world’s largest offshore drilling companies. Day serves on the Board of Directors of ONEOK Inc


Offshore Energy Industry Evacuates Before Ike

Photo credit:  NOAA

The offshore energy industry continues to evacuate workers from the in advance of Hurricane Ike. According to the Minerals Management Service, 78 percent of oil production was shut in because of the approaching storm. Some 23 percent of the platforms in the Gulf and 36 percent of the rigs in the Gulf have been evacuated. Platforms are the offshore structures from which oil and natural gas are produced. Source:  The Times-Picayune


US Offshore Wind Survey Contract for Fugro Atlantic

Fugro Atlantic to undertake a geological and geophysical survey for the Virginia Wind Energy Area for the Commonwealth of Virginia. The survey area covers over 45,000ha in the Atlantic Outer Continental Shelf and is seen to be a key step forward in developing offshore energy supplies in the region. In awarding the contract, Commonwealth of Virginia governor Bob McDonnell said: “[This is] a positive move forward toward the development of offshore wind energy


104,800 Attendees at OTC 2013

otc logo.jpg

Experts from the offshore energy industry around the world came together May 6-9 for the 2013 Offshore Technology Conference at Reliant Park in Houston. Attendance at the conference reached a 30-year high of 104,800, the second highest in show history and up 17% from last year. Attendance surpassed the 2012 total of 89,400 and the sold-out exhibition was the largest in show history at 652,185 ft², up from 641,350 ft² in 2012


NOIA President Supports Energy Exploration, Development

During the testimony today at a Senate Energy and Natural Resources Committee hearing on offshore energy revenue sharing, National Ocean Industries Association (NOIA) president Randall Luthi urged Congress to take the next step in enhancing America’s energy security, energy reliability and American jobs by increasing access to the Outer Continental Shelf (OCS) for energy exploration and development. “Only by providing additional oil and natural gas lease sales in more of the


Hvide Marine Announces Second Quarter Results

Hvide Marine Incorporated, Fort Lauderdale, Fla., reported a net loss of $23.7 million for the quarter ended June 30, 1999. These results reflect a loss of $14.1 million on the sale of assets. Last year, Hvide held a net income of $9.5 million. Revenues of $78.3 million for the 1999 quarter were down 28 percent from the previous year's figure of $109.3 million, which reflects the falloff in day rates and utilization for the company's fleet of offshore energy support vessels


Acquisition Boosts RINA Development Services

 Ugo Salerno, CEO, RINA

Acquisition strongly boosts RINA offshore and port development services.   By taking control of the D’Appolonia Group, a global engineering consultancy, international classification society RINA has increased its group turnover by almost 50 per cent and significantly strengthened its expertise and range of services in the offshore and port development fields. Says Ugo Salerno, CEO, RINA, “By bringing the D’Appolonia Group’s 580 multidisciplinary staff and Euro87m


Helix Hit Deepwater Oil in Gulf of Mexico

Helix Energy Solutions Group discover high quality pay oil in deep water 145 miles offshore from Galveston, Texas The Danny II exploration well was drilled to a total depth of approximately 14,750 feet, in water depths of approximately 2,800 feet. The well is currently being completed and most likely will be developed via a subsea tie back system to the company's 70% owned and operated East Cameron Block 381 platform located approximately 31 miles to the north in 370 feet of water


WTS Open Houston Office

Philip Bannerman: Photo credit WTS

Wilhelmsen Technical Solutions (WTS) opens an office in Houston to service their increased offshore business. WTS is targeting increased business from the local offshore industry in the Gulf of Mexico and an expanded focus on Brazil, where deepwater offshore production is entering a new and dynamic phase. WTS Vice President, Americas Region, Philip Bannerman says the company is well placed to provide the mix of skills and competence in demand in these regions


BOEM Proposes O&G Lease Sale in Gulf of Mexico

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank today announced that the bureau will offer 40 million acres offshore Louisiana


First Indian Elected on WISTA Board

Indian Contingent at WISTA International

  At the 34th WISTA International AGM & Conference held in Limassol, Cyprus, Sanjam Sahi Gupta, President of WISTA India was elected to the board of WISTA International.She is the first Indian lady and the youngest to be on the board.


Charity Selected for 2015 OTC Dinner

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The Offshore Technology Conference (OTC) announces the 2015 beneficiary of the Annual OTC Dinner—the Independent Petroleum Association of America (IPAA) and the Petroleum Equipment & Services Association (PESA) Energy Education Center for the benefit of the Energy Institute High School


Tuco Debuts New Wind Farm Service Boat

Image courtesy of Tuco Marine

Less than a week before the Offshore Energy 2014 Exhibition and Conference in Amsterdam the coming week, Tuco Marine disclosed the newest vessel in the ProZero series of Fast Rescue Boats, Daughter Crafts and Workboats; The New ProZero 11m Wind Farm Service Boat.


Boskalis Post Record H1 2014 Profits

Boskalis dredger: Image courtesy of the owners

Despite what it describes as 'challenging market conditions' Royal Boskalis Westminster N.V. posted record profits in the first half year ended 30, June 2014. Highlights first half 2014 -  Revenue exceeds EUR 1.5 billion -  EBITDA: EUR 466 million


BOEM to Modernize Financial Assurance and Risk Management

Walter Cruickshank, Ph.D., Acting Director

  The Bureau of Ocean Energy Management (BOEM) today issued an Advanced Notice of Proposed Rulemaking (ANPR) on Risk Management, Financial Assurance, and Loss Prevention to seek public input as it considers modernizing its risk management program and bonding regulations for offshore oil and


New Offshore Vessel Management Mobile App

LiveFleet App: Image Telerik

Telerik says that its customer Bhagwan Marine, a leader in servicing the oil and gas industry, together with partner, Glenfield Digital Group, has released the first mobile app for offshore energy vessel management. 'LiveFleet'. Telerik explains that Bhagwan Marine wanted to be the first to


GoM Sale Yields $110m in High Bids

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, today’s Western Gulf of Mexico Lease Sale 238 attracted $109,951,644 million in high bids for 81 tracts covering 433,823 acres on the U.S


High Bids in Western GofM Lease Sale

Offshore rig fronting GoM map: File image

U.S. Government agency BOEM informs that Western Gulf of Mexico Lease Sale 238 attracted US$109,951,644 million in high bids for 81 tracts covering 433,823 acres on the U.S. Outer Continental Shelf offshore Texas. A total of 14 offshore energy companies submitted 93 bids.


Ferguson Norge Unveils New NORSOK Workshops

Morten Smith

As a result of market demand for NORSOK workspace modules, Ferguson Norge, specialists in the rental of DNV 2.7-1 / EN 12079 certified offshore containers, refrigeration/freezer modules, workspace modules and accommodation solutions to the global offshore energy industry


Russia's Shipping Major Reports Strong 1H 2014

Tankship: Photo SCF

OAO Sovcomflot (SCF Group), Russia’s largest shipping company and a global leader in seaborne energy transportation and offshore services, has announced its financial and operating results for the six months ended 30 June 2014.   Highlights:


Master Fined After Wind Farm Collision

The master of a wind farm support vessel has today been made to pay £3,000 in fines and costs after pleading guilty to breaches of maritime collision regulations. Geoffrey Whinfrey was in charge of the Island Panther when it collided with a wind turbine in the Sheringham Shoal wind farm


OSV Master Fined Following Wind Turbine Allision

Island Panther: Photo courtesy of the owners

The master of a wind farm support boat has been made to pay £3,000 in fines and costs after breaching maritime collision regulations, informs the UK Maritime and Coastguard Agency (MCA). Geoffrey Whinfrey was in charge of the Island Panther when it collided with a wind turbine in the


Investors Warm up to German Offshore Wind

German offshore plants attract new investment; offshore energy a key component in switch from nuclear. Start-up costs high, but returns are attractive. Germany's offshore wind parks, once seen as only for brave investors because of high costs and operational risks


Crowley Receives Heavy-Lift Deck Barge in Singapore

HDB: Photo Crowley Maritime

Crowley Maritime Corporation’s solutions group announced today that it has received the first two of potentially four, new heavy-lift, ballastable deck barges (HDBs) for use by clients in the Asia-Pacific region. These new barges, which will be contracted and managed from the






 
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