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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…
New Offshore Vessel Management Mobile App
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…
Thrustmaster Reaches 30-year Milestone
Thrustmaster of Texas announced the achievement of an important company milestone: 30 years in the marine propulsion industry. Established in 1984 by its current president, Joe R. Bekker, Thrustmaster has grown from a small manufacturer of outboard, deck-mounted propulsion units to a worldwide leading manufacturer of marine propulsion systems. From the first order for 13 deck-mounted propulsion units for the U.S. Army Corps of Engineers and a follow-up order for the U.S.
BOEM to Modernize Financial Assurance and Risk Management
The Bureau of Ocean Energy Management (BOEM) today issued an Advanced Notice of Proposed Rulemaking (ANPR) on Risk Management, Financial Assurance, and Loss Prevention…
Boskalis Post Record H1 2014 Profits
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. The…
L-3 SAM Electronics Equips Vidar Heavy-Lift Jack-Up
L-3 SAM Electronics announced today that it has completed the supply and installation of extensive drive equipment, as well as automation, navigation and positioning systems, on board the Heavy-Lift Jack-Up Vessel (HLJV) Vidar, which is operated by HOCHTIEF Infrastructure GmbH for construction and service support of offshore wind farms. The Vidar is the latest in a series of recently completed offshore…
China Studies Floating Gas Plants for South China Sea
Chinese energy giant CNOOC Group is studying the possibility of building a multibillion-dollar floating liquefied natural gas (FLNG) vessel, as-yet untried technology that would likely be used to produce gas from the deep waters of the South China Sea. While the state-run company has made no public announcement, a pre-feasibility study was well under way, CNOOC and other industry officials said. CNOOC was already talking to global engineering firms about possible joint design of the vessel…
KKR Takes Majority Interest in OEG Offshore Group
KKR invests in growth companies servicing the global offshore energy sector, including investments in Acteon, RigNet, Avincis (Bond Aviation) and Weststar. OEG is headquartered in Aberdeen…
Sovcomflot & Sakhalin Energy to Provide 3 Icebreakers for Sakhalin-2
SCF Group (Sovcomflot) and Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) have signed a contract for the construction and long-term operation of three…
Sovcomflot Extends Cooperation with Sakhalin Energy
Companies sign agreements for long-term operation of three vessels for the Sakhalin-2 project. SCF Group (Sovcomflot) and Sakhalin Energy Investment Company Ltd.
Van Oord Cable-layer Launched by Damen
Van Oord’s new DP2 cable-laying vessel, Nexus, was officially launched at Damen Shipyards Galati on June 30. The 123 m multipurpose vessel will be deployed installing electricity cables for offshore wind farms. The international contractor for dredging, marine engineering and offshore energy projects has made the investment in this vessel to pursue its strategy to offer Engineering, Procurement and Construction (EPC) contracts to offshore wind farm developers.
XL Group Grows in Asia
XL Group strengthened its Insurance Marine team with the appointment of Mike Davies as Chief Underwriting Officer, Marine, Asia Pacific and Ian Picton as Senior Upstream Underwriter.
Signet Maritime Acquires State-of-the-art Tractor Tug
Adding to its fleet of 37 conventional and ASD vessels, Signet Maritime Corporation took ownership of its ninth newly constructed tractor tug in six years. SIGNET ARCTURUS…
Signet Maritime Expands Offshore Fleet
Adding to its fleet of 37 conventional and ASD vessels, Signet Maritime Corporation took ownership of its ninth newly constructed tractor tug in six years. Signet Arcturus , a 105’ x 38’ Z-Drive, designed by Robert Allan Ltd. of Vancouver, British Columbia was delivered by Patti Marine Enterprises of Pensacola, Florida on May 25, 2014. Signet Arcturus is powered by two Caterpillar model C175-16 main engines, each rated 3,417 BHP at 1,800 RPM.
Plymouth Marine Lab, IMarEST Renews Partnership
Plymouth Marine Laboratory (PML) announced it is to renew its partnership with the Institute for Marine Engineering Science and Technology (IMarEST). The year-long…
SMM 2014: Offshore, Recruiting Featured Topics
Offshore energy, whether oil, gas or wind, faces a tightening regime of restrictions. In Germany, for example, the German Federal Bureau of Maritime Traffic and…
Obama’s Energy Strategy Doesn’t Go Far Enough
Announcing its “All-of-the-Above” energy strategy today, the Obama Administration rightfully celebrates the United States’ new position as the largest global producer of energy but fails to acknowledge Federal actions that could bring even more resources to market., National Ocean Industries Association (NOIA) said today in a press announcement. “NOIA shares the President’s conviction that domestic energy production…
Talking DP with Aaron C. Smith, Executive Director OSVDPA
When the Offshore Supply Vessel Dynamic Positioning Authority (OSVDPA) held its first board meeting in March, it began charting the course toward a new dynamic positioning operator (DPO) certificate especially designed for the offshore service vessel industry. As the Executive Director for the newly created Offshore Supply Vessel Dynamic Positioning Authority (OSVDPA), Aaron Smith is charged with managing the day-to-day operation of the Authority.
Satcom Provider ITC Open Singapore Office
Provider of satellite communications to remote and harsh environments, ITC Global, says it has appointed industry veteran Ashok Rao to open new operations in Singapore…
Boskalis Achieves Higher Revenue In Q1 2014
Royal Boskalis Westminster N.V. reported a higher revenue for the first quarter of 2014 compared to the same period last year. This was in line with company expectations.
