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Helix to Provide McDermott ROV Services
Helix Energy says that its Robotics subsidiary, Canyon Offshore, Inc., has reached an agreement with a subsidiary of McDermott International, Inc. to provide remotely…
Norway's Offshore Energy Boom Tailing Off
Norway's energy boom is tailing off years ahead of expectations, exposing an economy unprepared for life after oil and threatening the long-term viability of the world's most generous welfare model.
Offshore Energy Timeline:1806-2014
1806 - Spring pole cable drilling developed in US. 1844 - Fluid circulating rotary well drilling patented in England. 1845 - Circulated fluid used to remove drill cuttings for first time.
The History of Offshore Energy
Offshore exploration is a history of man v. Prospecting for oil is a dynamic art. From a lake in Ohio, to piers off the California coast in the early 1900s, to the salt marshes of Louisiana in the 1930s, to the first “out-of-sight- of-land” tower in 1947 in the Gulf of Mexico, the modern offshore petroleum industry has inched its way over the last roughly 75 years from 100 ft. of water ever farther into the briny deep, where the biggest platform today, Shell’s Perdido spar, sits in 8,000 ft.
LOC Group expands Asian operation
London Offshore Consultants, a global leader in marine and engineering consultancy for the shipping and offshore energy sectors, has further expanded its footprint in Asia…
BAE to Perform US Navy Repairs in Hawaii
BAE Systems has received a multi-ship, multi-option (MSMO) contract from the U.S. Navy to repair, maintain, and modernize nine destroyers and cruisers, either homeported in or visiting Pearl Harbor, Hawaii. The five-year contract, awarded by the Naval Sea Systems Command, includes modernization, maintenance, and repair work for the USS Chafee, USS John Paul Jones, USS Chung-Hoon, USS Hopper, USS Michael Murphy, USS O’Kane, USS Halsey, USS Milius and USS Preble.
If You Have DPS Questions ... OSVDPA Has Answers
Over the past two years, the only constant in the dynamic positioning industry has been uncertainty. A new certification scheme, a long-awaited revision of the industry standard and threats of regulation continue to cause oscillating senses of hope and fear. As a result, the DP industry has a collective case of whiplash. However, even today few answers exist as to what direction the industry should take toward a worthwhile system of DPO certification.
BOEM Proposes GoM Oil and Gas Lease Sale
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) Director Tommy P. Beaudreau today announced that the bureau will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area.
The Offshore Service Vessel Dynamic Positioning Authority
In a recent study, two groups were shown the same painting; one group was told it was painted in 1905, the other was told 2005. Not surprisingly, the first group…
Strainstall Supply Load Pins for Shell Stones Project
Strainstall UK Limited has been selected to work alongside SBM offshore on the prestigious Shell Stones project, which is an ultra-deep Oil and Gas development in…
Offshore firm's IPO may give Singapore market shot in the arm
This would be only the second mainboard IPO in Singapore this year. Singapore's IPO market lacklustre in recent years, but oil and gas related offerings find favour in Singapore.
Jack-Up Barge Debuts New Offshore Installation Method
Jack-Up Barge, the offshore self-elevating platform supplier, has pioneered a new cost-effective installation method that the company said will revolutionize offshore wind turbine construction. The Netherlands-based based company, a supplier to the offshore energy markets, successfully completed seatrials at the beginning of March, on a new, first-of-its-kind, portable DP2 system. The new system, integrated to one of Jack-Up Barge’s platforms…
Boskalis Posts Record Net Profit in 2013
Royal Boskalis Westminster N.V. (Boskalis) reports an increased revenue of EUR 3.5 billion in 2013 (2012: EUR 3.1 billion). Net profit rose sharply to EUR 366 million (2012: EUR 249 million), partly due to a number of extraordinary items amounting to EUR 97 million post tax. Boskalis intends to distribute a dividend of EUR 1.24 per share and intends to start a three-year share buyback program. EBITDA…
Hoover Acquires Scotland's Container Company Ltd.
Hoover Container Solutions (Hoover) informs it has acquired Container Company Ltd. , a leading supplier of cargo carrying units (CCUs) for the offshore oil and gas industry.
Lee Recognized with Royal Danish Award
The Danish Export Association’s Diploma, and His Royal Highness Prince Henrik’s Medal of Honor, was awarded to VIKING Life-Saving Equipment’s Korean representative, J.W. Lee, for close to thirty years’ of successful business partnership. The recipient of the Danish Export Association’s Diploma, and His Royal Highness Prince Henrik’s Medal of Honor is J.W. Lee, a successful Korean businessman who, over many years…
Offshore Insights from OMSA's Ben Billings
Ben Billings serves as President & CEO of the Offshore Marine Service Association (OMSA), a nationwide trade association headquartered in New Orleans that represents more than 200 member companies. OMSA’s membership includes approximately 100 firms operating more than 1,200 vessels that provide transportation services to the offshore oil and gas industry in the Gulf of Mexico and around the world. It’s arguably a very good time to be at the helm of OMSA, with a resurgent U.S.
Boskalis Acquires Fairmount Companies
Royal Boskalis Westminster N.V. (Boskalis) announces that it has reached an agreement to acquire Fairmount Marine B.V. and Fairmount Ocean Towage Company B.V. (Fairmount) from the French group Louis Dreyfus Armateurs. The transaction values the company at an average multiple of approximately six times EBITDA. Fairmount is a global provider of long distance ocean towage services operating five 205 metric tons bollard pull towing vessels with anchor handling capabilities.
Europe's Seas Under Threat
Many of Europe’s marine species, habitats and ecosystems have been under threat for decades. As maritime economic activities are predicted to increase in coming years, a new briefing from the European Environment Agency (EEA) argues that the cumulative impact of human activity should be better managed to avoid irreversible damage to ecosystems. Many European industries have growing cumulative impacts on the sea, including transport, fishing, offshore energy and tourism.
Refrigerated Containers Set Safety Standard
Gone are the days where a refrigerated unit was a 20ft container with a fridge pack attached. In today’s offshore environment it is it about quality and reliability and the safety of the people working with our kit from dock to deck, explains Greg Spence, managing director of Reftrade UK. The oil and gas industry is synonymous with the highest standards in health and safety, it is paramount to any operator and service company working in the sector.
Aberdeen Harbor Expansion Gains Support
Plans by Aberdeen Harbor Board to create additional berthing facilities at Nigg Bay have received a double boost. An independent report has estimated the economic benefit of the development to the local and national economies to be nearly £1 billion per annum. This report has been published in the same month that the Scottish Government, in their National Planning Process, has named the Nigg Bay Development as one of only 14 projects that they consider to be of national importance to Scotland.
