Labuan News

The shipping industry is looking into ammonia as an alternative fuel for powering ships, amid other ongoing plans to cut carbon emissions and achieve net-zero by 2050.Here is a list of companies with ammonia-fuelled ship projects:NIPPON YUSEN KAISHA (NYK)NYK, with IHI Power Systems and Nippon Kaiji Kyokai (ClassNK), completed the world's first ammonia-fuelled tugboat, Sakigake, on Aug. 23. The vessel will operate in Tokyo Bay for three months.NYK is also building the world's first ammonia-fuelled medium gas carrier…

Esgian highlights news from TotalEnergies in its Week 40 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesThe Norwegian Ocean Industry Authority (Havtil) has given Aker BP consent to use the 492-ft jackup Noble Invincible for production drilling on the Tambar Øst (East) field offshore Norway.TotalEnergies will resume exploration drilling in the Orange Basin offshore Namibia in the fourth quarter of 2024 with the Tamboti prospect, located in Block 2913B north of the company’s Venus discovery.Aker BP has proven gas in appraisal well 6507/2-7 S in the Norwegian Sea…

Esgian provides an update on new rig deals in its Week 30 Rig Analytics Market Roundup.Report SummaryContractsValaris has been awarded a multi-year contract with Equinor Energy do Brasil, a subsidiary of Equinor, for the 12,000-ft drillship Valaris DS-17. The contract relates to work on Project Raia offshore Brazil.Noble Corporation has secured a one-well contract for 350-ft jackup Noble Resolve with Central European Petroleum (CEPetro) offshore Poland. The upcoming work will…

Swiss marine power company WinGD has secured an order for its X‑DF‑A ammonia-fueled engines for what will be the world’s first ammonia dual-fuel Aframax tankers.Two vessels ordered by Singapore based ship owner and operator AET, a petroleum arm of Malaysia’s MISC Group, will be built at Dalian Shipbuilding Industry with six-cylinder X62DF-A engines, the newest addition to WinGD’s clean-fuel engine portfolio.AET recently entered into time charter party (TCP) contract with Petronas'…

Esgian reports that new drilling contracts have been announced in the North Sea and West Africa in its Week 17 Rig Analytics Market Roundup.Report SummaryContractsShelf Drilling (North Sea) has secured a letter of award with an unnamed operator, believed to be TotalEnergies, for the 400-ft jackup Shelf Drilling Fortress for a campaign in the North Sea.Noble 12,000-ft 7th generation drillship Noble Venturer has secured new contracts in West Africa with Trident Energy and Rhino Resources…

Esgian reports on the many rig movements that occurred last week in its Week 16 Rig Analytics Market Roundup.Report SummaryContractsADES Holding Company has received a letter of award from an international oil company for a one-year firm drilling contract for a jackup offshore Qatar.TotalEnergies has exercised a three-well option for Transocean 12,000-ft drillship Deepwater Skyros offshore Angola at a rate of $400,000, keeping the rig working into December 2025.After initially beginning a short-term job in the US GOM in January 2024…

Malaysia’s MISC Group has entered into time charter party (TCP) and shipbuilding contracts for the development of world’s first two ammonia dual-fuel Aframax oil tankers.The TCP contract has been signed with Petronas' PETCO Trading Labuan Company (PTLCL), through MISC Group's petroleum arm AET.Using these vessels, PTLCL will be able to transport its products to customers around the world while contributing to the industry decarbonization by utilizing ammonia as the cleaner alternative…

Esgian reports on new contracts for Borr Drilling and Shelf Drilling (North Sea) jackups in its Week 15 Rig Analytics Market Roundup. Additionally, Energean has selected a drillship for its upcoming drilling campaign offshore Morocco. South America remains vital to the floating rig market, with ExxonMobil moving ahead on a sixth development on the prolific Stabroek block offshore Guyana and Petrobras reporting a new discovery in Brazil's Potiguar Basin.Report Outline:ContractsBorr Drilling has announced new contract commitments for three of its premium jackup rigs…

Esgian reports various drilling contractors disclosing details of discussions with Saudi Aramco regarding jackup contract suspensions in its Week 14 Rig Analytics Market Roundup. These contractors include Shelf Drilling, ADES, Borr Drilling, Arabian Drilling, COSL, and ARO Drilling.Meanwhile, Transocean, Noble, and COSL rigs have firmed up new work in the US Gulf of Mexico, Suriname, and the North Sea, respectively.Report overview:ContractsShelf Drilling has received a notice of suspension of operations on four jackup rigs from a customer in the Middle East.

Esgian reports that offshore drilling contractors secured additional backlog in the U.S. Gulf of Mexico, Egypt, Nigeria, and Brazil and operators confirmed new discoveries in Indonesia, Côte d’Ivoire, and China in its Week 10 Rig Analytics Market Roundup.ContractsDiamond Offshore has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the 12,000-ft drillship Ocean BlackHornet.Shelf Drilling’s 250-ft jackup Rig 141 has secured a two-year…

Italian shipowner Fratelli Cosulich and PETCO Trading Labuan Company Limited (PTLCL), a trading arm of Malaysian energy company Petronas, have signed a two-year charter agreement for Paolina Cosulich LNG bunker barge.Operating under PTLCL, a global energy solutions provider in key bunker hubs with network in Southeast Asia, Japan, Middle East and South Africa, Paolina Cosulich will cater to the increasing demand for LNG as bunker fuel in the Straits.Fratelli Cosulich’s latest LNG bunger barge features a cargo capacity of 8…

U.S. shipping company Overseas Shipholding Group, Inc. (OSG) on Thursday announced it has reached an agreement with BP Oil Shipping Company to purchase the Jones Act compliant crude oil tanker Alaskan Frontier.Built by General Dynamics NASSCO in 2004, the 1.3-million-barrel capacity tanker is a sister to three other Alaskan Class vessels operated by OSG’s wholly owned subsidiary, Alaskan Tanker Company. It was part of Alaska Tanker Company's active fleet  until 2019 when the vessel was placed in cold lay-up in Labuan, Malaysia.OSG said it expects the transaction will be completed in early November. Afterward, the company intends to reactivate the tanker…

Converted very large ore carriers (VLOC) are increasingly becoming a thing of the past with the long-term freight contracts coming to an end as newer and more reliable ships replace them in the market. Since June 2017, 43% of the VLOC fleet have been sent to the scrapyards, while 18% of the fleet is idled or damaged.“The tragic Stellar Daisy accident brought the safety aspect of VLOCs into question. Now, three years on, three out of five VLOCs are no longer in operation as their long-term charters have now expired.

Tanker operator AET announced it has signed a memorandum of understanding (MOU) with Malaysia's PETCO Trading Labuan Company Ltd (PTLCL) to explore a potential collaboration to deploy a future zero-emission Aframax tanker powered by green ammonia.AET said it would be responsible for selecting a suitable shipyard to build the net zero-emission dual-fuel tanker, which would be delivered to PTLCL for long-term charter by 2026.The companies also intend to collaborate on the design…

Norwegian offshore vessel owner Solstad Offshore has sold another non-core vessel as part of its plan to trim its fleet and make it more competitive.It said Thursday it had sold the AHTS Sea Ocelot to an unnamed buyer. The 70 meters long vessel, built in 2007, was sold through Solstad's subsidiary Deep Sea Supply Labuan II."Delivery of the vessel to the new owner took place today September 9th, 2021. The sale of the vessel will result in an immaterial accounting effect for Q3 -2021," Solstad offshore said, without sharing the sale price.

MISC Berhad (MISC), through its wholly-owned subsidiary, Portovenere and Lerici (Labuan) Pte Ltd (PLL), together with its consortium partners, Nippon Yusen Kabushiki Kaisha (NYK), Kawasaki Kisen Kaisha, Ltd. (K-Line) and China LNG Shipping (Holdings) Limited (CLNG), have been awarded long-term time charter contracts by QatarEnergy for five additional newbuild Liquefied Natural Gas (LNG) carriers to be built by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd.Together with the seven long-term time-charter contracts that were secured earlier in August…

Malaysian oil and gas company Petronas plans to introduce liquefied natural gas (LNG) bunkering operations at the country from the second half of 2019.“As a major player in the LNG business, PETRONAS is well-positioned to support the strategic intent for Malaysia to become the regional LNG bunkering hub,” it said in the Petronas Activity Outlook 2019-2021 report."Efforts are now being put in place towards advocating LNG as the preferred marine fuel of choice. In close collaboration with industry associations like MOSVA, programmes are aligned to encourage migration; to develop necessary infrastructures to support a swift and effective migration of local (currently diesel-fueled) OSV fleet to LNG…

Maersk Drilling signed on semi-submersible rig Mærsk Deliverer with Eni for exploration well offshore Timor-Leste.Maersk Drilling and Eni JDPA 11-106 B.V. (Eni) as operator of the JPDA 11-106 Joint Venture have signed a one-well contract for the semi-submersible rig Mærsk Deliverer for exploration drilling in the Timor Sea.The estimated duration of the firm contract is two months, expected to commence in March 2019. The contract contains an option for an additional well with an expected duration of an additional two months.The Mærsk Deliverer is currently warm-stacked in Labuan, Malaysia, after completing a well programme in March 2018.

LNGSTS, a unit of Teekay Tankers, has closed the year 2019 with a record number of 112 open water liquefied natural gas (LNG) ship-to-ship (STS) cargo transfers.From November 2018, until July 2019, LNGSTS was the technical and manpower service provider for the largest ever LNG ship-to-ship project, located in Honningsvag, Norway, the company said in a press release.Under the challenging Arctic conditions, LNGSTS completed 123 STS operations from 11 different ARC7 vessels to 14 different conventional LNG carriers at 3 different anchorages simultaneously.In addition to the provision of the STS services, LNGSTS also developed the terminal…

BP has reserved Yinson's Nganhurra floating, production storage and offloading (FPSO) vessel for use on its proposed 10-well subsea Palas, Astrea and Juno oil fields (PAJ Project), on Block 31, offshore Angola.Under an agreement signed between BP and Yinson, Yinson will exclusively allocate FPSO Nganhurra to BP for the PAJ Project until 31 December 2022, with an extension option until 30 June 2023, while contract negotiations to convert, operate, maintain and lease the FPSO for the PAJ project are done. The lease and operate contract is anticipated to include a 10-year fixed term.

Since the ballast water management system discussion started nearly two decades ago, a clear concern was the ability to fit new equipment on existing ships, placing a strain on both space and power. Last month we caught up with a few key suppliers to for their insights on market development.How many BWMS have you sold and installed to date?Maxime Dedeurwaerder, BIO-UV GroupLast year has proven to be the best on record, with roughly 200 BIO-Sea units delivered. All told, since we entered the ballast water market, we have about 700 units in service or pending commissioning.

A boat carrying 31 people, including 28 Chinese tourists, is missing off the coast of Borneo, Malaysian maritime authorities said on Sunday. The boat left Kota Kinabalu, the capital of Malaysia's eastern Sabah state, at about 9 a.m. (0100 GMT) on Saturday bound for the popular tourist spot of Mengalum island, officials said. It was reported missing at about 9.50 p.m. after failing to arrive at the island and a search operation was launched soon after, Sabah and Labuan Malaysian Maritime Enforcement Agency (MMEA) deputy director Rahim Ramli said. Bad weather was hampering the search effort, which covers an area of about 400 nautical square miles. "We are looking at strong winds and choppy waters," he said.

The guideline enables shipowners and managers to demonstrate that their vessel is laid up in a responsible manner, taking into account noise, emission and environmental concerns, while fulfilling all safety requirements. Bluewater’s Munin FPSO, laid up in Labuan, Malaysia, recently received the first declaration of this kind. “As a result of the tight business climate, we are seeing an increasing number of enquiries from owners and managers who need to put their vessel into lay-up, but want to do this in a way that respects the local environment and the communities around these sites,” says Richard Tao, Discipline Leader of DNV GL’s Maritime Advisory and Project Manager for the new lay-up guideline.