Oil News

FPSO Armada Perdana

CAMAC Contracts FPSO for Offshore Nigeria

CAMAC Energy Inc. announced that a long-term contract has been signed for the floating production storage and offloading vessel (FPSO) Armada Perdana. The contract provides for an initial term of five years beginning January 1, 2014, with an automatic extension for an additional two years unless terminated by CAMAC with prior notice.

Fendercare Opens Office in Sharjah

Fendercare Marine Middle East celebrate the official opening of their new regional Head Office in Sharjah with an official event to celebrate at The Address, Dubai Mall before the invited guests – including customers, local dignitaries and staff from the Fendercare Marine global locations - were transported to the new base.
Image courtesy of Otto Marine

Otto Marine Fixes AHTS Long Term Charter

Singapore's Otto Marine says it has secured a long-term US$11.3-Million charter contract for its Anchor Handling Tug 'Go Emerald'. The owners inform that Go Emerald will be deployed for work on long term charter in West Australian waters for a renowned oil and gas player. Built in 2009, the vessel is a 2,800 bhp Anchor Handling Tug vessel of 423.6 dwt and with a 36.5 tons bollard pull.
BOS-operated DP2 ROV Support Vessel, the Bibby Spring

BOS Completes Short Notice Call Out Contract

Bibby Offshore Singapore (BOS) said it has successfully completed a call out contract with PTT Exploration & Production Co Ltd (PTTEP). The project involved a short notice mobilization, and saw the BOS-operated DP2 ROV Support Vessel, the Bibby Spring perform subsea inspection services to PTTEP’s Bongkot Field assets in the Gulf of Thailand.

Mermaid Marine to Buy Jaya Offshore Businesses

Reutrs - Australian marine logistics firm Mermaid Marine Australia Ltd. said on Tuesday it had agreed to buy the offshore businesses of Singapore's Jaya Holdings Ltd. for $495.96 million in cash to expand its international portfolio. Mermaid Marine, a Perth-based company which provides vessel and supply base services to offshore oil and gas explorers…

India Essar's Oil Imports from Iran Jump Sharply

Essar Oil, a key buyer of Iranian oil, in January sharply raised imports from the Islamic state and also became the first Indian refiner to ship in the Brazilian heavy grade Polvo, tanker arrival data showed. India's oil imports from Iran more than doubled in January from a month earlier after sanctions on Tehran were eased due to an interim deal on its nuclear program.
Image courtesy of Seadrill

Seadrill Secures Mexico Rig Contracts, Forms SeaMex J/V

Seadrill announce that the final drilling contracts for the jack-up drilling units 'West Oberon', 'West Intrepid', 'West Defender' and 'West Courageous' are now executed with Pemex Exploracion y Produccion ("Pemex"), Mexico's national oil company. The fifth contract for the recently acquired jack-up drilling unit, Prospector 3…

MOL's Net Profit Halves in Q4

Reuters - Hungarian oil group MOL's net profit halved in the fourth quarter due to a squeeze on gasoline margins as well as big impairment charges related to its Croatian assets and the shutdown of a refinery in Italy. MOL's upstream business however performed relatively well, with quarterly EBITDA earnings excluding special items of 89.7 billion forints ($398 million)…
Maersk Viking: Photo credit Maersk Drilling

Maersk Drilling Takes Delivery of First of Four Ultra-Deepwater Drillships

Maersk Drilling informs it has taken delivery of its first ultra deepwater drillship, 'Maersk Viking', from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea. The new vessel has started its voyage to the US Gulf of Mexico where it will commence a three year contract with ExxonMobil. The owners explain…

All Portions of Mississippi River Reopen

Effective at 1:30 p.m. today, the U.S. Coast Guard advised that the Mississippi River is now open to all traffic. The Coast Guard will require vessels to transit at a “Slow Bell” or slow speed from Mile 150 to Mile 155. A 65-mile (105-km) stretch of the lower Mississippi River, including the Port of New Orleans, was closed…
Image courtesy of Port BR

New Baton Rouge Deepwater Dock: Genesis to Invest US$150-Million

Genesis Energy, L.P. announce plans to invest approximately US$150-million to construct a new crude oil, intermediates and refined products import / export terminal in Baton Rouge, Louisiana (the Baton Rouge Terminal). The Baton Rouge Terminal will be located on approximately 90 acres of land near the Port of Greater Baton…

Recope Tenders to Buy Three Fuel Oil Cargos

(Reuters) - Costa Rica's refining company Recope launched a tender to buy three 165,000 cargos of fuel oil to be received from mid-April to October at Port Moin, according to an invitation seen by Reuters on Monday. The state-run company has increased imports of fuels since 2013, while planning the upgrade of its 25,000 barrel per day (bpd) refinery in Moin, next to Port Limon in the Caribbean.

LUKOIL Marine Debuts EAL Generation

Due to new U.S. regulations, almost all ships exceeding 24 meters in length which are operating in U.S. coastal waters are confronted with much stricter environmental protection requirements. The Vessel General Permit (VGP), in effect since December 19, 2013, stipulates that rapidly biodegradable oils called Environmentally…

Air2Work Invests £1million in UKCS Base

Energy sector breathing equipment specialist Air2Work has announced the appointment of new CEO Kevin O'Connor in Aberdeen, as it confirms an investment of more than £1million to expand its UKCS fleet of equipment for workers operating in hazardous environments on and offshore. Air2Work markets and services breathing air systems…
Permanent Magnet Generator: Image courtesy of The Switch

The Switch Lands First Marine PM Shaft Generator Order

The Switch, a leading supplier of megawatt-class permanent magnet (PM) generators, motors and frequency converters, say they have signed an agreement for the delivery of four direct-drive 1.5 MW PM shaft generators to WE Tech Solutions Oy of Vaasa, Finland, who will couple them their WE Drive system for marine use. According to the manufacturers…
Photo: Wärtsilä

First Order for Wärtsilä Slop Water Treatment

The new Wärtsilä slop water treatment system has been ordered for an ultra-deep water drill ship operating in the Gulf of Mexico, marking the first for Wärtsilä’s new system. The contract was signed in the end of 2013. The Wärtsilä slop water treatment system is designed to treat and clean water contaminated with slop or drilling mud.
Craig H. Allen, Sr.

The Coast Guard’s Proposed Maritime Preemption Assessment Framework

What it may foretell about the coming towing vessel rule. In the May 2013 issue of Maritime Reporter & Engineering News, Dennis Bryant published a provocative article titled Rebuilding the Presumption of Preemption. The Coast Guard has asserted in the past and believes today that consistent standards of universal application and enforcement…
Inshore Utility Vessel: Photo courtesy of Incat Crowther

Incat Crowther Design 10-Boat IUV Order

Incat Crowther say they supported Strategic Marine in their winning technical proposal for the construction of ten 42m Infield Utility Vessels (IUV) for Brunei's PTAS Marine, and the first boat has now been delivered. Strategic Marine called in Incat to assist in their technical proposal for the project, committing to a…
 Tore Osvold, Area Sales Manager UNAV, KONGSBERG (left). Bartlomiej Pomierski, Project Manager, Remontowa Shipbuilding (middle), Lars Magnus Torp, Area Sales Manager AUV, KONGSBERG (right).

HUGIN AUV Chosen for Polish Navy Countermeasures

Remontowa Shipbuilding in Gdansk, Poland, has selected Kongsberg Maritime to supply a HUGIN 1000 MR Autonomous Underwater Vehicle (AUV) and associated underwater communications and positioning equipment for mine countermeasures (MCM) applications, as part of a minehunter class vessel delivery for the Polish Navy. The HUGIN…
Photo courtesy of ClampOn

ClampOn Wins Contract for Gina Krog Project

ClampOn has won an order to supply 130 topside leak monitors for Statoil’s Gina Krog project. The contract was awarded by Solberg & Andersen in Bergen, Norway, and will be part of their ValveWatch condition monitoring system. “We are very proud to receive this award; 130 sensors is one of the biggest orders ever received by ClampOn.