Archive for the ‘Oil Platforms and Rigs’ Category

BIMCO: As oil prices plummet, crude oil tanker time charter rates skyrocket

BIMCO: As oil prices plummet, crude oil tanker time charter rates skyrocket
Peter Sand BIMCO: As oil prices plummet, crude oil tanker time charter rates skyrocket Geopolitics is the dominating variable in the tanker market these days. With the OPEC+ negotiations falling apart and Saudi Arabia initiating an oil price war, the crude oil tanker spot freight rates, and time charter...
April 2nd, 2020 | BIMCO, Chartering, Oil Industry, Oil Platforms and Rigs, Reports, Tankers | Read More

BIMCO Shipping Market Outlook Feb 2020: Oil Tankers and Macroeconomics

BIMCO Shipping Market Outlook Feb 2020: Oil Tankers and Macroeconomics
Peter Sand BIMCO Shipping Market Outlook Feb 2020: Oil Tankers and Macroeconomics  Macroeconomics: clear risks to global growth in 2020 Across the world, there are signs that global trade tensions are easing: the US and China have signed “Phase One” of a trade agreement, which – importantly –...
February 25th, 2020 | BIMCO, Chartering, Energy, Fixtures, Insight, Markets, Oil Industry, Oil Platforms and Rigs, Reports, Tenders | Read More

Lloyd’s Register and TenneT sign a new five-year inspection contract for North Sea converter platforms.

Lloyd’s Register and TenneT sign a new five-year inspection contract for North Sea converter platforms.
Lloyd’s Register’s HQ’s Lloyd’s Register and TenneT sign a new five-year inspection contract for North Sea converter platforms. Following a competitive tender process, Lloyd’s Register’s Inspection Services team has secured a significant contract win with TenneT, a leading European...
January 23rd, 2020 | Classification Societies, Energy, News, Oil Platforms and Rigs | Read More

Wärtsilä offers offshore sector up to six months operating without planned onboard maintenance

Wärtsilä offers offshore sector up to six months operating without planned onboard maintenance
The Wärtsilä Power Solution relieves cost pressure for the offshore sector by eliminating the need for permanent on-site maintenance crew and permanent facilities for them. Wärtsilä offers offshore sector up to six months operating without planned onboard maintenance Wärtsilä Corporation, 20...
January 20th, 2020 | Marine Equipment Products and Services, Oil Industry, Oil Platforms and Rigs | Read More

Mark Prendergast to retire from Harris PYE engineering group in May 2020

Mark Prendergast to retire from Harris PYE engineering group in May 2020
Mark Prendergast Mark Prendergast to retire from Harris PYE engineering group in May 2020 Mark Prendergast, Chief Executive Officer of Harris Pye Engineering Group, a Joulon company has announced that he is to retire on 30 May 2020. The Harris Pye Engineering Group, global specialists in the provision...
May 23rd, 2019 | Alternative Sources of Energy, Company Profiles, Drill ships, Energy, Environment, Gas, HR, Marine Equipment Products and Services, Oil Industry, Oil Platforms and Rigs, Person Profiles, Ship Conversions, Shiprepair, Supply ships, Technical | Read More

HFW Helps BIMCO Draft Industry’s First Offshore Decommissioning Contract

HFW Helps BIMCO Draft Industry’s First Offshore Decommissioning Contract
Paul Dean HFW Helps BIMCO Draft Industry’s First Offshore Decommissioning Contract Global, sector-focused law firm HFW has helped shipping association BIMCO draft an industry standard offshore decommissioning contact. The contract – DISMANTLECON – has been approved by BIMCO’s Documentary...
May 20th, 2019 | BIMCO, Energy, Legal, Oil Platforms and Rigs | Read More

Offshore union RMT repeats call for public inquiry into helicopter safety on the 10th anniversary of super Puma disaster

Offshore union RMT repeats call for public inquiry into helicopter safety on the 10th anniversary of super Puma disaster
Mick Cash Offshore union RMT repeats call for public inquiry into helicopter safety on the 10th anniversary of super Puma disaster Offshore union RMT today repeated the call for a full public inquiry into helicopter safety in the North Sea as workers from across the industry mark the anniversary of the...
April 1st, 2019 | Anniversaries, Aviation, Energy, Health and Safety, Oil Platforms and Rigs, Safety and Security | Read More

GAC wins PETRONAS Caspian Sea contracts

GAC wins PETRONAS Caspian Sea contracts
GAC wins PETRONAS Caspian Sea contracts Marine support for drilling and development of new Towing operation jack up rig Saturn by AHTS Soltan Caspian Sea, Turkmenistan, 13 March 2019 –  GAC Marine S.A. branch in Turkmenistan (GAC Marine) has been awarded two contracts by PETRONAS Carigali (Turkmenistan)...
March 13th, 2019 | Energy, Oil Industry, Oil Platforms and Rigs | Read More

BDI hiccups as Capes fall below 300…

BDI hiccups as Capes fall below 300…
John Faraclas BDI hiccups as Capes fall below 300… The BDI (Baltic Dry Index) lost six points earlier on today given the Capes’ fall below the 300 point threshold and now stands at 663 points; mixed feelings for the Wets and perplexed Geopolitics makes it a bleak picture. John Faraclas’ brief daily...
March 5th, 2019 | Associations, Banking, Chartering, Company Profiles, Dry Bulkcarriers, EEZ, Energy, Environment, Events, Conferences,Forums and Symposiums, Finance, Gas, Intercargo, Markets, News, Oil Industry, Oil Platforms and Rigs, Reports, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

IMCA holds highly successful annual seminar

IMCA holds highly successful annual seminar
Allen Leatt, IMCA’s CEO at the IMCA Annual Seminar in The Hague Inspirational speakers captivate an audience of 300 delegates from across the industry The International Marine Contractors Association’s (IMCA) Annual Seminar was enthusiastically greeted by delegates in a packed theatre at The World...
December 10th, 2018 | Associations, Conferences, Seminars, Forums, Energy, Oil Industry, Oil Platforms and Rigs | Read More

Wärtsilä: Reduce Opex and Become Greener

Wärtsilä: Reduce Opex and Become Greener
.. The oil & gas industry was plunged into turmoil when the oil price crashed in 2014. To get back on track, the industry has been forced to transform. It has been forced to figure out new ways of working and apply new solutions to remain profitable while oil price fluctuates. The question that...
November 30th, 2018 | Accountancy, Drill ships, Environment, Gas, Marine Equipment Products and Services, Oil Industry, Oil Platforms and Rigs, Shipmanagement, Technology | Read More

Naviera Integral signs contract with Damen for its 15th Fast Crew Supplier FCS 5009

Naviera Integral signs contract with Damen for its  15th Fast Crew Supplier FCS 5009
from the contract signing on a l to r: Josien Damen (wife of  Kommer Damen), Julio Montelongo Flores (Operational Director, Naviera Integral), Juan Pablo Vega Torre (Vicepresident, Naviera Integral), René Berkvens (CEO, Damen Shipyards Group), Juan Pablo Vega Arriaga (President, Naviera Integral),...
November 29th, 2018 | Marine Equipment Products and Services, Oil Industry, Oil Platforms and Rigs, Shipbuilding and Shipyards | Read More

The BDI@1,023: still unsustainable amid Geopolitical turmoil

The BDI@1,023: still unsustainable amid Geopolitical turmoil
John Faraclas The BDI (Baltic Dry Index) lost eight points earlier on today with all other dry indices in red… Geopolitics more than crucial given the MIGRANTS, BREXIT, Italy et al… John Faraclas’ daily brief: The Capes’ BCI  lost seven and now stand at 1,050 points… A double digit loss for...
November 19th, 2018 | Chartering, Dry Bulkcarriers, Energy, Markets, Military, News, Oil Industry, Oil Platforms and Rigs, Photography, Piracy and Terrorism, Politics and Government, Reports, Shipping Indices, Statistics, Stock Markets, WISTA - Women in Shipping | Read More

GAC UK opens new Dundee office in response to increasing offshore and renewables activity

GAC UK opens new Dundee office in response to increasing offshore and renewables activity
… Grangemouth, 28 September 2018 – GAC UK has opened its 19th branch, in the heart of Dundee harbour. Together with its long-established branches in Scotland at Aberdeen, Leith, Shetland, Invergordon, Orkney and Grangemouth, the new office enables GAC UK to better respond to the growing needs...
September 28th, 2018 | Alternative Sources of Energy, Energy, Markets, Oil Industry, Oil Platforms and Rigs, Ship Agencies | Read More

SeaRenergy to support hook-up and commissioning of BorWin3 platform

SeaRenergy to support hook-up and commissioning of BorWin3 platform
BW3 topsides SeaRenergy has been appointed by Petrofac to deliver integrated Offshore Support Services under a framework agreement for the BorWin3 HVDC platform once installed in German waters. SeaRenergy will be supporting Petrofac in the facility management during the hook-up and commissioning phases...
August 22nd, 2018 | Construction, Energy, Oil Industry, Oil Platforms and Rigs, Technical, Technology | Read More

Bureau Veritas issues new FSU notations and guidelines for the conversion of existing LNG carriers to FSRUs / FSUs

Bureau Veritas issues new FSU notations and guidelines for the conversion of existing LNG carriers to FSRUs / FSUs
Matthieu de Tugny, COO, Bureau Veritas, Marine & Offshore Bureau Veritas issues new FSU notations and guidelines for the conversion of existing LNG carriers to FSRUs / FSUs The notation FSU – LNG provides the specific classification requirements including structure and safety aspects for floating...
July 30th, 2018 | Classification Societies, Energy, LNG, News, Oil Platforms and Rigs, Shipmanagement | Read More

The BDI@1,126 amid worsening Geopolitics

The BDI@1,126 amid worsening Geopolitics
John Faraclas The BDI (Baltic Dry Index) gained four vital points earlier on today thanks to the Capes mini surge. Geopolitics have already rocked the boat. John Faraclas’ brief daily recap: The BDI gained four points but in general remains grounded. The Capers’ BCI was up 40 points at 1,197… Losses...
March 26th, 2018 | Chartering, Containers, Dry Bulkcarriers, Environment, Markets, Military, News, Oil Platforms and Rigs, Reports, Ship Demolitions, Shipping Indices, Statistics, Stock Markets | Read More

IMCA introduces changes to its eCMID vessel inspection database

IMCA introduces changes to its eCMID vessel inspection database
Mark Ford Over 2,300 vessels listed on the eCMID database The International Marine Contractors Association (IMCA) has seen a marked increase in the use of its eCMID inspection scheme for offshore vessels that benefit from an independent International Safety Management health check. Over 2,300 vessels...
March 7th, 2018 | Associations, Energy, Oil Industry, Oil Platforms and Rigs, Regulatory, Safety and Security | Read More

LADOL Free Zone celebrates historic arrival of Egina FPSO

LADOL Free Zone celebrates historic arrival of Egina FPSO
Largest Vessel in West Africa, 330m long, Total Egina FPSO arrives at LADOL for final integration and fabrication First Floating Production Storage and Offloading (FPSO) vessel to berth and be integrated in West Africa FPSO fabrication and integration at LADOL is a major achievement for local content...
January 25th, 2018 | Markets, Oil Industry, Oil Platforms and Rigs | Read More

Jack Up Values Increase 36% in One Year

Jack Up Values Increase 36% in One Year
Rising oil prices have drawn more eyes to the offshore markets. There are signs of green shoots after a period of depressed sentiment that started in late 2014, pushing asset values downwards through 2016. VV’s Fixed Age Values for a 5 year old Jack Up Rig has increased 36% from Jan 2017, when...
January 23rd, 2018 | Markets, Oil Industry, Oil Platforms and Rigs | Read More

Liberia strikes blow for global shipping with challenge to Brazilian court ruling

Liberia strikes blow for global shipping with challenge to Brazilian court ruling
Scott Bergeron The Liberian Registry, in co-operation with the International Chamber of Shipping (ICS), has succeeded in helping the holder of a Liberian mortgage to overturn a decision of the Brazilian courts which, if left uncontested, could have had serious adverse legal and economic consequences...
November 20th, 2017 | Associations, Banking, Energy, Flags, International Chamber of Shipping, Legal, Markets, Oil Industry, Oil Platforms and Rigs, Shipfinance | Read More

BP’s Glen Lyon FPSO classed by DNV GL

BP’s Glen Lyon FPSO classed by DNV GL
BP Glen Lyon – picture credits BP DNV GL has awarded class to BP’s Glen Lyon Floating Production Storage and Offloading (FPSO) vessel located west of Shetland. DNV GL’s Maritime and Oil & Gas business areas have been working closely together, to provide BP with a broad range of technical...
September 8th, 2017 | Classification Societies, News, Oil Industry, Oil Platforms and Rigs | Read More

The Board of Oslo Børs approves Borr Drilling for listing

The Board of Oslo Børs approves Borr Drilling for listing
28/08/2017 – At its meeting on 28 August 2017, the Board of Directors of Oslo Børs resolved to admit the shares in Borr Drilling Ltd. to listing on Oslo Børs. The Board resolved to grant an exemption from the listing requirements regarding three years’ history and activity, cf. the Listing...
August 28th, 2017 | Gas, Oil Industry, Oil Platforms and Rigs, Stock Markets | Read More

Prelude officially enters into Lloyd’s Register class

Prelude officially enters into Lloyd’s Register class
Prelude being towed to Australia 23 August 2017 – Shell’s floating liquefied natural gas (FLNG) facility Prelude has officially entered into Lloyd’s Register (LR) class. At 488 metres long, 74 metres wide and displacing about 600,000 tonnes of water, Prelude is the largest floating offshore...
August 23rd, 2017 | Gas, News, Oil Platforms and Rigs, Shiprepair, Technical, Technology | Read More

DNV GL carries out its first offshore drone survey

DNV GL carries out its first offshore drone survey
DNV GL has carried out its first offshore drone survey on board the tender support vessel Safe Scandinavia. (Credit: DNV GL) Hamburg, 3 August 2017: DNV GL surveyors have carried out the classification society’s first offshore drone survey on the semisubmersible vessel Safe Scandinavia in the North...
August 3rd, 2017 | Classification Societies, Film Industry, News, Oil Industry, Oil Platforms and Rigs, Reports, Technical, Technology | Read More