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INSIGHTS: John Rynd / President , CEO and Director, Tidewater Inc.
Mr. John Rynd graduated from Texas A&M University with a Bachelor of Arts degree in Economics. He previously served as Chief Executive Officer and President, and…
IUMI: Cautious Optimism for Offshore Underwriters in 2018
Although global premiums for the offshore energy insurance sector dipped by 5% in 2017, signs of recovery are on the horizon."We need to apply some caution as the…
IUMI Appoints Richard Turner as President
Richard Turner, European Director of Global Risk Solutions at RSA Insurance Group has been elected President of the International Union of Marine Insurance (IUMI).In…
ECDIS & Maritime Accident Investigation
It’s not where you are, it’s where you should not be that mattersCaptain Whyte, a leading marine accident analyst at LOC Group, an independent marine and engineering consultancy which provides services to the shipping and offshore energy industries, explains how electronic data is making accident investigation clearer by providing irrefutable evidence.“Fundamentally, situational awareness underpins everything we do”, said Captain Whyte. “Whether that’s crossing the road or driving ships at sea.
BSM Launches a Offshore Division
In what can be construed as another positive sign for the turnaround of the offshore energy markets, Bernhard Schulte Shipmanagement (BSM) said it has set up a new business unit to focus on the oil and gas and offshore energy renewables markets.“This segment is focused on special operations and driven by different rules, so we decided to establish a dedicated expert team to specifically attend to the needs of the offshore market…
Apples and Oranges When it Comes to Vessel Finance
Companies, lenders, and their auditors worldwide need vessel appraisals that can be relied upon when put into legal documents. As the offshore energy support markets awaken, this is more important now, than ever.While a great deal of shipping finance is done at a 10,000' level, with bond deals and equity swaps, the value of the assets found on ground level are still very important. There are taxation issues…
Offshore Optimism is Cautiously on the Rise
Following the path of oil prices, consolidation also follows myriad financial crises. What happens next isn’t altogether clear, but the long, deep trough for offshore energy may finally be in our choppy wake.In mid 2017, financial turnaround and financial repairs specialist Alix Partners made a bold statement regarding the beleaguered Offshore Service Vessel (OSV) marketplace. In a July 2017 report…
Bibby Hydromap's DriX Completes Trials
UK-based survey specialist Bibby HydroMap have announced the successful completion of testing of ‘DriX’, the 8-metre Autonomous Unmanned Survey Vessel (AUSV) developed…
Boskalis Rethinks Loss-making Transport Operations
Boskalis will terminate loss-making transport activities at its offshore energy division, the Dutch marine and engineering company said on Thursday after posting lower than expected first-half earnings.A resulting one-off charge of 397 million euros ($451.6 million) pushed Boskalis to a net loss of 361.4 million euros, compared with a profit of 75.1 million euros in the first half of 2017. The consensus…
Signs of Recovery in the US Gulf of Mexico
Today's U.S. auction of Gulf of Mexico exploration leases drew tepid response from oil companies, but marked notable progress for an industry still in a state of recovery.“While not a barn burner, Lease Sale 251 tops the previous Gulf sale in terms of increased participation, increased competition for offerings, and bid amounts,” said Randall Luthi, president of the National Ocean Industries Association (NOIA).
Heijermans Joins Boskalis Management Board
During today's Extraordinary General Meeting of Shareholders, Bart Heijermans was appointed to the Board of Management of Royal Boskalis Westminster N.V. for a term until the Annual General Meeting of Shareholders in 2022.Heijermans will be responsible for the company’s offshore energy division, effective September 1, 2018.Heijermans brings to the board extensive experience in the offshore industry, having recently served as CEO and board member of subsea services provider DeepOcean.
Subsea 7 Signs on for FutureOn Planning Software
Norway-based digital technology innovator FutureOn announced a multi-license contract for its Field Activity Planner (FieldAP) software with Subsea 7, a leading…
The ABB Electric Tow Boat Beckons to Inland Operators
Long a staple for offshore service providers, a more compact and carefully designed version of the diesel electric option is now available for inland pushboats.
Njord Offshore Orders Crew Transfer Duo
BMT said it has secured a contract to provide Njord Offshore with two 23m crew transfer vessels (CTV).The contract, which follows the recent launch of 27m CTVs Njord Zenith and Njord Zephyr designed by BMT and built by Cheoy Lee Shipyards in China, marks the first mid-range CTV BMT has designed.Jago Lawless, Technical Director at BMT, said, “We have refined the hull design based on real data we have taken from our existing 26m and 21m vessels that are currently operating throughout Europe.
Subsea Robotics for Renewables
As the global fleet of offshore renewables fleet increases, ways to reduce the cost and increase the efficiency and safety of operations and maintenance work, using robotics and autonomous systems, will also grow. Elaine Maslin reports.Robotics and autonomous systems are moving into many areas of modern day life. It’s becoming harder to avoid them, from our phones to automotive systems and now offshore energy renewable projects.Both are seen as tools to do otherwise dull…
Workboat Design: Interview with Bob Hill
Robert (Bob) Hill of Ocean Tug & Barge Engineering Corp., of Milford, MA has specialized in the design of AT/B’s for many years. As probably the world's most experienced designer of large articulated tug/barge (AT/B) systems, Hill’s success comes, in part, from a willingness to innovate. Ocean Tug & Barge Engineering Corporation and Robert Hill are the co-inventors of the Intercon Connection System.
Seacat Services Sends Two Workboats to Beatrice For Siemens Gamesa
Offshore energy support vessel (OESV) operator, Seacat Services, has secured a further charter agreement at Beatrice Offshore Wind Farm (Beatrice). This latest 2-year contract will see Seacat Mischief and her sister vessel, Seacat Magic, provide logistical support to manufacturer and service provider Siemens Gamesa Renewable Energy (Siemens Gamesa) throughout the operations and maintenance (O&M) phases.
Offshore Energy: LR Supports Mozambique FLNG Project
The scope of work that LR is undertaking covers design, procurement, certification, construction, integration and commissioning, as well as providing classification services under a risk based inspection regime to the FLNG when it enters into service in 2022.The Coral South field is being developed by Eni in Area Four of the Rovuma Basin, off the coast of Mozambique. The floating liquefied natural gas (FLNG) unit will be Africa’s first floating gas facility.
House Set to Debate Offshore Wind Energy Bills in US Waters
A U.S. House committee will kick off debate next week on three new bills aimed at boosting offshore wind energy leases in federal waters.The House Subcommittee on Energy and Mineral Resources will hold a hearing on Tuesday on three bipartisan offshore wind proposals.One proposal would require the Interior Department to develop a leasing plan or schedule for federal offshore leases, a second would create a federal grant for educational or career programs for the offshore industry…
Offshore Energy: Semco to Prep Rig Floatel Victory for Action
Semco Maritime has won the contract to upgrade the Floatel Victory accommodation rig. Following the upgrade, the rig will sail out to undertake a contract in the British sector of the North Sea for Maersk Oil UK. Floatel Victory, owned by Floatel International, is expected to call at the Semco Maritime rig yard at Hanøytangen, Bergen, at the beginning of June after expiry of current contract with BP. ”We are pleased that Floatel International has chosen us for the assignment.
