AVO Electrical Safety Course Open for Enrollment
In keeping with AVO Training’s philosophy of offering the types of Electrical Safety Training Courses industry and utilities require today, this new course subject…
German Ship Bank HSH Needs More Aid
Troubled German public-sector bank HSH Nordbank will likely need more state aid than previously thought due to deep losses in shipping lending and back taxes, the…
Study: Outlook Strong for Offshore Pipe Industry
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, Asia and BRIC (Brazil, Russia, India and China) nations which will continue to drive offshore developments. The…
Ofgem to Link Offshore Wind to U.K Grid
U.K. energy regulator Ofgem on Wednesday launched a £400 million tender for linking offshore wind farms in the North Sea to Britain's national power grid. Ofgem…
Petrobras Cuts Spending, Quarter Profits Fall 19%
Brazil's state-run oil company Petrobras moved to check years of missed targets, soaring costs and rising debt by scaling back near-term investments and setting a limit on long-term growth. Petroleo Brasileiro SA, as Petrobras is formally known, cut its five-year investment outlook for the 2014-2018 period to $221 billion, 6.8 percent less than its previous 2013-2017 plan, after reporting a 19 percent drop in fourth-quarter profit late on Tuesday.
Engine Room Fires – Old Lessons Not Learnt
“Lessons are still not being learned when it comes to preventing engine room fires.” This is the message from Graeme Temple, Regional Director for Braemar SA’s Far East operations, following a review of incidents taking place in 2013. “Last year we attended a significant number of engine-room fires - the industry is still experiencing far too many unnecessary casualties where flammable liquids in engine rooms are finding their way onto hot spots,” he said.
American Club Reports Strong Renewal
The American Club, the only mutual protection and indemnity insurer domiciled in the Americas, has revealed very positive overall results for the February 20 renewal season.
Oil Services Must Take on More Risk, Petrofac CEO Warns
Oil service companies will have to assume more risk in the coming years as investor pressure and a flat crude price make oil company clients push harder to avoid delays on megaprojects, the chief executive of FTSE 100 contractor Petrofac said. The biggest oil companies have seen huge delays and broken budgets at projects ranging from record-breaking Australian liquefied natural gas (LNG) schemes to the enormous and technically challenging Kazakhstan oilfield in the freezing Caspian Sea.
Conquest to Use MirTac and StarIPS Software
Maritime consultancy firm MirTac announced that Conquest Offshore has purchased the Star software and related database and implementation services. Conquest Offshore will be implementing the maintenance, purchase and safety management software both in the office as well as onboard its fleet. The Star software will support Conquest Offshore with the management of maintenance planning, inspections, purchasing and spare parts…
Positive Trends Mark Start to Port Authority Year
Notable accomplishments in revenue generation, cargo throughput, professional performance and international recognition highlighted today's monthly meeting of the…
New Jack-up Vessel Propelled by SCHOTTEL
Since December 2013 the fleet of HOCHTIEF has a new member. The offshore jack-up vessel VIDAR was developed especially for construction and servicing of offshore wind farms as well as offshore oil and gas plants. The propulsion system consists of four SCHOTTEL Combi Drives electric azimuth thrusters and three SCHOTTEL Transverse Thrusters. It allows a transit speed of about 11 knots and precise maneuvering and positioning.
Angola LNG Compressor Leak Delays Loading Program
A compressor leak at Angola's new liquefied natural gas (LNG) export plant has delayed loading programs and reduced output at the $10 billion project, which is due to shut for two months from July…
Russia Vows to Ensure Security of Ukraine-based Naval Fleet
Reuters - Russia is taking measures to ensure security of the facilities and arms at its Black Sea Naval Fleet based on the Crimean coast in southern Ukraine, Russian…
BOURBON Makes Several Fleet Additions
With the AHTS Bourbon Liberty 320, BOURBON is now running a fleet of 100 Bourbon Liberty series-built, diesel-electric propelled and DP 2 vessels, a first in the oil services industry. This milestone coincides with the delivery of the first two of 20 deep offshore PSVs of the new BOURBON series: the Bourbon Explorer 500. "The Bourbon Liberty's operational success and the launch of the Bourbon Explorer 500 series strengthen our ability to provide a complete range of services worldwide…
Shell Shuts Nigerian Pipeline Due to Theft
Reuters - Royal Dutch Shell said on Wednesday that it had closed Nigeria's Nembe Creek Trunk oil pipeline on Saturday to stop leakage caused by theft. The pipeline pumps the Bonny Light grade of crude oil. Bonny Light exports for April are at about 95,000 barrels per day according to shipping lists compared to 155,000 for March. (Reporting by Simon Falush; editing by Jason Neely)
Members Boost London P&I Club Tonnage
The London P&I Club has increased its membership by almost two million gross tons over the past year. This increase reflects the entry of further tonnage with the club by existing members, and the addition of new members from China, Greece, Singapore, Turkey, and the U.K. Ian Gooch, chief executive of the club’s management team, says, “The London P&I Club heads into 2014/15 after a solid renewal and further controlled growth.
New Carriage Requirements for Petroleum Blends
2. chemical tankers intending to carry biofuel blends of gasoline and ethyl alcohol cargoes containing more than 1% but less than 75% of petroleum oil to use alcohol-resistant foam or multi-purpose foam concentrates in their cargo deck fire-fighting systems. Resolution MEPC.240(65) requires oil tankers that are carrying biofuel blended cargoes containing 75% or more of petroleum oil on or after the January 1…
ICS Chairman Praises IMO Efficiency
ICS Chairman, Masamichi Morooka, addressed delegates at the World Ocean Summit organized by The Economist magazine in San Francisco yesterday (25 February), following a key note speech by U.S. Secretary of State, John Kerry, and a video presentation by HRH Prince Charles (of the United Kingdom). In response to a suggestion, endorsed my most of the Summit delegates, that the United Nations might establish…
