Jan 3, 2011

Sex Scandal on USS aircraft carrier

Captain Owen Honors, 49, from Syracuse, New York, took command in May of the USS Enterprise, which was the world's first nuclear-powered aircraft carrier and can carry a crew of more than 5,800.
The videos were produced in 2006 and 2007 while he was Executive Officer and second-in-command, and were shown throughout the ship on closed-circuit television.
The material includes gay slurs, men mimicking masturbation and women showering together.
[Read More]
Source: Sea News
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Samsung president eyes fierce competition

Roh In-sik, president of Korea's Samsung Heavy Industries, prospected an acute competition between shipbuilders as saying, "because of mushroomed building facilities of each yard in the world, a cutthroat competition is expected between shipyards for new order intake in 2011."
[Read More]
Source: Asiasis
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SPP yards merge into 'SPP Shipbuilding'

Korea's SPP Group merged its shipbuilding subsidiaries into SPP Shipbuilding as of 1st January 2011.
SPP Shipbuilding absorbed SPP Plant & Shipbuilding and the name of the integrated company is to be still SPP Shipbuilding with its headquarters moving to the city of Sacheon, South Gyeongsang Province, Korea, where its Sacheon shipyard is being operated.
[Read More]
Source: Asiasis
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Govt won't pay for waiting ships

THE Queensland Government does not pay for ships to wait at the Gladstone Port to load coal, according to the Gladstone Ports Corporation (GPC).
Because of low coal stock on the ground at the GPC due to flooding, over 18 coal carriers are waiting off the coast of Gladstone to load coal.
Due to the long wait, rumours have circulated saying the government has to pay for the coal carriers to wait, however, this is incorrect.
[Read More]
Source: The Observer
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Watchkeeper: May the wind be with us

Whatever the electrical efficiencies of wind power, and there remain plenty of doubters in this respect who point to the need for conventional backup, there can be no denying the maritime business opportunities it offers.
[Read More]
Source: SeaNews
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Oil Eaters

Last April when BP's Macondo well started gushing crude oil into the Gulf of Mexico, the sudden need for skimmers quickly became apparent. The need was especially great for inshore areas, especially in and around marshes. Mississippi alone spent $20 million to build and lease skimmers.
[Read More]
Source: Work Boat
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Latest in Fleet of Tugs Heads to Panama Canal

On December 4, the third in a fleet of 13 new tugboats purchased by the Panama Canal Authority (ACP) began making its way from Hong Kong to Panama. The Sixaola is expected to arrive at the Panama Canal in mid-February.
[Read More]
Source: Marine Link
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First Self-Sufficient Zero Carbon Life Support Vessel (LSV)

The Ocean Empire LSV (life support vessel) is a 144.3-ftSolar Hybrid Superyacht with two Hydroponic farms and fishing facilities to harvest the sea. Her solar powered propulsion systems and all the hotel amenities of a luxury global voyager are supplied by harnessing 3 major sources of sustainable of energy.
[Read More]
Source: Marine Link
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Somali pirates hold 613 as 2010 closes

THE YEAR is ending with 26 vessels and 613 hostage seafarers being held by Somalian pirates, according to the EU’s anti-piracy force.
[Read More]
Source: Safety at Sea
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Ice grips Russian ships

RESCUERS today are reportedly trying to reach more than 600 seafarers on 10 vessels trapped in the Sea of Okhotsk ice in the Russian Far East.
Distress signals have been received from the 2,062gt scientific research vessel Professor Kizevetter and the fishing factory ship Sodruzhestvo, sent from Sakhalin Bay, Itar-Tass reported.
[Read More]
Source: Safety at Sea
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Brazil To Hold Presalt Oil Block Auction In 2011 - Minister

Brazil's new government will auction rights to develop mammoth offshore oil and gas blocks this year, under new rules recently approved by Congress, incoming Mines and Energy Minister Edison Lobao said Monday.
A number of mammoth oil fields have been discovered off the southeast coast of Brazil, lying in ultra-deep water and below more than three miles of sand, rocks and a shifting layer of salt.
[Read more]
Source: Fox Business
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The state gas company of Cyprus concludes talks on LNG supplier

The state gas company of Cyprus has concluded talks to find a preferred liquid natural gas  supplier for 20 years, its energy minister said, while declining to confirm media reports it had picked Royal Dutch Shell.  State-controlled Defa has been in negotiations over a contract to purchase LNG for the eastern Mediterranean island from 2014 to 2035.
[Read more]
Source: Balkans.com
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Israeli panel set to propose tax on gas production

An Israeli government committee is expected to propose a tax on natural gas production of up to about 55 percent on Monday, a rate energy companies say will cost them billions of dollars and discourage production.
[Read more]
Source: Reuters
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Exxon Mobil platform in Gulf of Mexico restarted

An Exxon Mobil oil and gas production platform in Gulf of Mexico block West Delta 73 has been restarted after repair of a small leak, a company spokesman said Monday.
"The platform was immediately shut in, and repairs were completed. The platform restarted within 24 hours. The release dissipated naturally," the Exxon Mobil spokesman said.
[Read more]
Source: Reuters
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PA RESOURCES : awarded German offshore licence

PA Resources announces the award of German offshore licence adjacent to its Danish Licence 12/06. Two wells will be drilled on the Danish licence in 2011.
The State Office for Mining, Energy and Geology of Schleswig-Holstein has awarded PA Resources UK Limited the German offshore Licence B20008-73 with 100% working interest and operatorship. This licence, which will be effective 1st January 2011, lies in the so-called "duck's bill" or 'entenschnabel' area of the German North Sea, between Denmark and the Netherlands.
In the first half 2011 PA Resources will be drilling two wells in the Danish Licence 12/06 (PA Resources 64%, operator), immediately adjacent to this new licence award and with similar exploration objectives to potential targets in the new award. These two wells will form important, modern data points to allow an up to date evaluation of the prospectivity of the German Licence.
Bo Askvik, President and CEO of PA Resources, commented: "This is a logical, low cost add-on to our Danish position and offers upside potential in the event of success in our 2011 Danish drilling campaign. Our focus is on exploring the basin rather than being limited by national boundaries and this award complements and builds upon our Danish position".
Source: Press release
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Hutchison Raises Stakes in South China Ports

Hutchison Whampoa Ltd. said Monday it plans to spend 5.7 billion Hong Kong dollars (US$733.4 million) to raise its controlling stakes in ports in Hong Kong and Shenzhen, underscoring its optimism about a recovery in the container-shipping market.
[Read More]
Source: Shipgaz News
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BOS to conduct 2D program offshore West Africa

Bergen Oilfield Services (BOS) has agreed with the governments of Senegal., Gambia, AGC, Guinea Bissau, and Guinea Conakry to acquire, process, and promote a 2D, long-offset, multi-client seismic data acquisition program offshore West Africa.
[Read more]
Source: Offshore Magazine
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Lisco Gloria declared a total loss

The burned out ro-pax ferry Lisco Gloria has now officially been declared a total loss. The underwriters have paid out an insurance sum to DFDS Lisco as the total repair cost amounted to nearly DKK 450 million.
[Read More]
Source: Shipgaz News
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Shell to Build Dock to Develop Majnoon, Iraq Ports Chief Says

Royal Dutch Shell Plc will build a dock in Iraq’s southern Shatt al-Arab waterway to handle equipment needed to develop the Majnoon oilfield, the head of the country’s state-run ports company said.
[Read more]
Source: Bloomberg
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CGGVeritas announces JV with PetroVietnam

French company CGGVeritas has announced that it has signed a term sheet with PetroVietnam Technical Services Corporation (PTSC) to create a joint venture to operate 2D and 3D marine seismic vessels, primarily in Vietnamese waters.
[Read More]
Source: Baird Maritime
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Fear over sea robbery

The International Maritime Bureau has said that there is good reason to believe that sea robbery will be more successful in 2011. The bureau added that the ship owners will feel increasing pressure from insurers,
counterparties, unions, navies and governments to take far more responsibility for protecting their ships this year.
It noted: “The reality is that Somali piracy, in particular, has been more successful in 2010 than ever before.”
[Read More]
Source: Compass Newspaper
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BOEMRE clarifies steps needed to restart for 13 companies whose activities were cut short by deepwater drilling moratorium

The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today notified 13 companies whose deepwater drilling activities were suspended by last year’s deepwater drilling moratorium that they may be able to resume those previously-approved activities without the need to submit revised exploration or development plans for supplemental National Environmental Policy Act (NEPA) reviews. Before resuming those activities without additional NEPA review, however, the companies must comply with BOEMRE’s new policies and regulations.
“Going forward, we are substantially enhancing our environmental reviews and analysis under NEPA,” said BOEMRE Director Michael R. Bromwich. “But as we move forward, we are taking into account the special circumstances of those companies whose operations were interrupted by the moratorium and ensuring that they are able to resume previously-approved activities. For those companies that were in the midst of operations at the time of the deepwater suspensions, today’s notification is a significant step toward resuming their permitted activity.”
Today’s notice lays out the steps these companies must take for previously-approved operations to restart. This includes compliance with new regulations and information requirements in Notices to Lessees (NTL) N06 and N10, and the Interim Final Safety Rule.
These operators will not be required to revise a previously submitted Exploration Plan or Development Operations Coordination Document (DOCD) if the worst-case discharge estimated for the project, as calculated pursuant to NTL-N06, is less than the worst-case discharge estimate included by the company in its Oil Spill Response Plan. However, if the worst-case discharge exceeds the Oil Spill Response Plan, further reviews will be conducted.
As described in guidance issued by BOEMRE on December 13, 2010, new exploration and development drilling operations must be conducted under new or revised plans subject to appropriate NEPA analysis.
The 13 companies that received today’s notice are: ATP Oil & Gas Corp., BHP Billiton Petroleum (GOM) Inc., Chevron USA Inc., Cobalt International Energy, ENI U.S. Operating Company Inc., Hess Corp., Kerr-McGee Oil & Gas Corp., Marathon Oil Company, Murphy Exploration & Production Company – USA, Noble Energy Inc., Shell Offshore Inc., Statoil USA E & P Inc., and Walter Oil & Gas Corp.
Source: Press release
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Will shipping and shipbuilding stocks cruise in 2011?

This year is unlikely to bring many positive surprises for Indian shipbuilding and shipping companies. To start with, global oversupply of vessels has made order inflows difficult to come by for Indian shipbuilders.
Though some analysts have maintained after the September 2010 quarter results season that there has been an improvement in global shipbuilding order inflows, the environment still remains difficult for Indian shipbuilding companies.
Nonetheless ABG Shipyard Ltd has done well on the bourses since the beginning of the fiscal compared with peer Bharati Shipyard Ltd. One of the reasons for the better performance, according to Param Desai of Angel Broking Ltd, is that ABG Shipyard has a stronger revenue visibility of about five times FY11 revenue thanks to its higher unexecuted order book of around Rs10,500 crore at the end of the September quarter. ABG Shipyard also won an order of Rs2,000 crore in November.
[Read More]
Source: Live Mint
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Dry bulk market to range between 1,700 and 2,600 points in the first quarter of 2011, analysts say

As we entered 2011, ship owners and analysts, as well as shipbrokers are looking into their “crystal balls” to try to decode the dry bulk market’s behavior this year. Those who will succeed may benefit in their business. A recent poll of analysts provided some insight as to where the industry’s benchmark will range during the first quarter of 2011.
[Read More]
Source: Hellenic Shipping News
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Diamond Offshore orders ultra-deepwater drillship from HHI for $590MM, may build another

Diamond Offshore Drilling, Inc. has entered into a turnkey contract with Hyundai Heavy Industries Co., Ltd. for construction of a new ultra-deepwater drillship with delivery scheduled for late in the second quarter of 2013. 
Total cost, including commissioning, spares and project management, is expected to be approximately $590 million and will be paid out of available funds. Diamond Offshore has also obtained from Hyundai a fixed-price option for the purchase of a second drillship which the Company has the right to exercise at any time before the end of the first quarter of 2011. 
The dynamically-positioned drillship will have a seven ram blow-out preventer, dual activity capability, five mud pumps and a maximum hook-load capacity of 1,250 tons. The unit will be designed for operations in up to 12,000 feet of water. 
Diamond Offshore President and Chief Executive Officer Larry Dickerson said: “The addition of a new drillship to our fleet is part of a continuing effort to enhance our ultra-deepwater capabilities at attractive capital costs. Including our opportunistic acquisitions of the Ocean Courage and Ocean Valor in 2009, we have now purchased, ordered or upgraded six 10,000-foot ultra-deepwater units over the last four years. New drillship construction costs have declined substantially from peak pricing. As a result, we believe this new drillship will provide returns consistent with our long history of value creation for the Company and our stockholders.”
Source: Press release
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Shipyard to assess damages to sunken dry dock

The Guam Shipyard is trying to determine whether its large dry dock was damaged after it took on water and partially sank over the weekend.
Guam experienced high surf because of a weather system near Japan. The dry dock "Machinist," also known as "Big Blue," took on water because of the weather, the shipyard said in a written statement.
[Read More]
Source: Guampdn.com
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Noble: Marathon canceled 4-year, $752MM rig contract on Noble Jim Day

Noble Corporation today reported that Marathon Oil Company has provided notice that it is terminating the drilling contract for the ultra-deepwater semisubmersible drilling rig Noble Jim Day. 
Marathon's stated reason for the termination was that the rig had not been accepted by Marathon by December 31, 2010. Noble believes the rig is ready to commence operations and should have been accepted by Marathon. The contract was for four years and represented approximately $752 million in contract backlog to Noble. 
"We are disappointed by Marathon's actions," said David W. Williams, Chairman, President and Chief Executive Officer, Noble Corporation. "Fortunately, the Noble Jim Day is one of the most capable rigs in existence and there are already a number of potential customers interested in a unit of this caliber." 
Noble also reported that an independent third-party has affirmed the rig's readiness. The Company also confirmed that the unit's subsea system, including the BOP, has received its certificate of compliance.
Source: Press release

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Seadrill buys two under-construction ultra-deepwater semisub drilling rigs for $1.2B

Seadrill has entered into an agreement to acquire the two ultra-deepwater semi-submersible drilling rigs, Seadragon I and Seadragon II. The total project price for the two rigs, which are currently under construction at the Jurong Shipyard in Singapore, is estimated to be approximately US$1.2 billion (including project management for the remaining construction period, drilling and handling tools, spares, operations preparations and capitalized interest). Deliveries of the two rigs are expected in the first quarter and fourth quarter 2011, respectively. 
Seadrill has secured new bank debt to finance the investment. The principal terms and conditions have been agreed and the debt will have a seven-year tenor and a 13-year repayment profile. The two rigs will serve as security for the new debt. 
Furthermore, the first rig to be completed, Seadragon I, has a five year contract in place. However, due to postponed delivery the contract is subject to further discussions among the involved parties. The second unit, Seadragon II, has currently no employment in place. 
Alf C Thorkildsen, Chief Executive Officer of Seadrill Management AS says, "We expect the demand for ultra-deepwater units to strengthen over the next years. This investment increases our exposure to this growing market segment at an acceptable price and a manageable risk. Furthermore, we are well familiar with the design of and equipment on the rigs and are pleased to be able to continue our long and strong relationship with the reputable Jurong Shipyard." 
John Fredriksen, Chairman of Seadrill Limited says, "The cash break-even cost per day for each rig including operating cost, tax, interest expenses and scheduled debt installments is expected to be around US$385,000. The Board anticipates that the purchase of the two rigs including the agreed financing will strengthen Seadrill's dividend capacity going forward." 
The rigs are based on the Moss Maritime CS50 Mk II design and belong to a high specification, new generation drilling units, focusing on a broader specter of operational capabilities, a larger operating area, a high load carrying capacity, efficiency and improved safety and working environment as well as a special environmental focus. The dynamically positioned (DP 3 class certification) rigs are equipped with NOV drilling equipment and have water depth capability up to 10,000 ft and total vertical drilling depth capacity up to 35,000 feet. The rigs each have a single derrick with dual pipe handling and offline stand building capabilities providing for increased efficiency. The subsea well control system includes a six ram 15k psi BOP stack with two 10k psi annulars. Each rig's variable deck-load specification is 6,200 mtons and has the accommodation capacity for 192 people.
Source: Press release
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Iran aims to maximize offshore oil output

Iran is looking at ways to lift oil production from various offshore fields in the Persian Gulf.
According to a report by Iranian news service Shana, the National Iranian Offshore Oil Co. (NIOC) is focusing on the Soroush, Norouz, Hendijan, Bahregansar, and Mahshar oil fields.
All are close to Bushehr province, where oil production started in the 1940s.
Currently, Bahregansar, Hendijan, Norouz, and Soroush produce over 235,000 b/d of oil combined. The bulk of this comes from Norouz and Soroush, around 190,000 b/d of heavy crude (11-12° API).
Recently, NIOC’s managing director Mahmoud Zirkachianzade announced plans to develop 18 oil and gas fields in the Persian Gulf. He also expected Iran’s offshore oil production to increase by at least 25,000 b/d during the current Iranian year, ending on March 20.
Source: Press release
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Subsea 7 and Acergy to become Subsea 7 only this week

Acergy and Subsea 7 today jointly said that they expect to complete the combination of the two by the end of this week. The new company will be named Subsea 7 S.A and will be the worlds biggest subsea seabed-to-surface engineering and construction company.
Subsea 7 today is one of the world's leading subsea engineering and construction companies. With a work force of about 5,500, the focus areas are on deepwater subsea umbilical, riser and flowline markets. They operate in Africa, Asia Pacific, Brazil and the Gulf of Mexico, and also play a leading role in the North Sea. Acergy is a seabed-to-surface engineering and construction contractor to the offshore oil and gas industry worldwide, employing 6,500 people.
The new company will provide access for their clients to a high-end, well diversified fleet, comprising in aggregate 43 vessels.
Source: Press release

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FPSO installation deal to Aker Solutions

MODEC will supply the PSVM FPSO to BP for the oil company's PSVM (Plutão, Saturno, Vênus and Marte) development in Block 31 offshore Angola.  The FPSO will be installed in approximately 2 000 meters water depth and have production capacity of 157,000 barrels per day. 
"This contract represents another significant step forward in our relationship with MODEC," says Erik Wiik, President - Subsea North America, Aker Solutions.  "After having successfully installed the Jubilee FPSO offshore Ghana for MODEC in July 2010, we are honoured that MODEC is once again entrusting us with this critical scope of work. Aker Solutions is well established in Angola with engineering and service capabilities". 
Aker Marine Contractors (AMC) is a global market leader when it comes to installation of floating platforms.
Project management and operations planning will be performed from Aker Solutions' offices in Houston, Texas. The contract party is Aker Marine Contractors US Inc.
On 22 October 2010, Aker Solutions announced that it had agreed to transfer the ownership in Aker Marine Contractors to Singapore listed Ezra Holdings Ltd (Ezra). As part of the agreement, Aker Solutions becomes a substantial shareholder in Ezra. The transaction is expected to be completed during Q1 2011.
By becoming part of Ezra, AMC will have access to a larger and rapidly growing fleet of installation vessels covering all IMR and SURF installation segments - including flexible and rigid pipelay with capacity up to 3,500 metres water depth - which will enable Ezra/AMC to compete with the world's leading SURF contractors.
Ezra operates in the offshore market under the EMAS brand name. EMAS is an integrated offshore support solutions provider for the oil and gas industry. The business was founded in 1992 and is headquartered in Singapore.
Source: Press release
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W&T Offshore to Present at the Pritchard Capital Partners 2011 Energize Conference in San Francisco

W&T Offshore, Inc. announced today that the Company will be presenting at the Pritchard Capital Partners 2011 Energize Conference being held at the Westin San Francisco Market Street Hotel on January 5 - 6, 2011.
Tracy Krohn, W&T Offshore's Chairman and Chief Executive Officer, is scheduled to present on Wednesday, January 5, at 2:50 p.m. Pacific Time.  The presentation will provide an update on the Company's operations and will be broadcast live over the Internet.  The webcast link to the audio presentation and accompanying slides can be accessed live and for replay by visiting the investor relations section of the Company's website at www.wtoffshore.com.
Source: Press release
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FAIRSTAR HEAVY TRANSPORT - Semi-Submersible Vessel FJORD Awarded CLOV FPSO Contract by DSME

Fairstar Heavy Transport NV (FAIR) has signed a contract with DSME to transport FPSO components from Angola to Korea for the CLOV FPSO. The contract value is USD 4,800,000. The open-stern semi-submersible vessel FJORD will perform the transport, scheduled at the end of 2011. This is the third marine heavy transportation contract between Fairstar and DSME. Fairstar safely delivered two shipments for the Pazflor FPSO Project in 2009.
Chris Muilwijk, Sales Team Leader of the Fairstar Client Services Group, commented: "DSME is a demanding client in our industry. Their standards for safety, on-time delivery and precise engineering support are extremely high. Winning this contract in the face of intense industry competition is another important achievement for Fairstar. Additionally, it perfectly positions FJORD to begin its work on the Gorgon Project in Q1 of 2012. These two contracts combine to give FJORD almost two years of continuous utilisation in 2012 and 2013".
Philip Adkins, the Chief Executive, of Fairstar added: "The current spot market is at an absolute bottom. Price competition for low-value, heavy cargoes has driven day rates to levels at or even below break-even. The aging, converted oil tankers owned by our competitors, are slugging it out for every available cargo. Fairstar continues to believe that our strategy of owning and operating modern, true open-stern semi-submersible vessels like the FJORD, FJELL, FORTE and FINESSE and involving these ships in complex, high-value, multiple-voyage energy infrastructure projects will firmly establish Fairstar at the premium sector of the market where our shareholders will achieve the highest returns on their investment. While the recent Fourth Quarter of 2010 was notable for an absence of cargoes in the spot market, Fairstar was invited to submit a number of proposals for multi-voyage contracts that will be awarded in the coming months for projects in 2011, 2012 and 2013. In some of these cases, we have learned that clients will not consider vessels older than 15 years. In addition, the standards for operating in Australian energy projects will require all vessels to be certified as "asbestos-free". We welcome these higher standards. It certainly validates the investment of our shareholders in Fairstar's fleet of four modern, asbestos-free, open-stern semi-submersible vessels.
We believe the recent industry talk of a need for excessively large ships is not founded on sound economic returns. Single-voyage "mega cargoes" may look good on The Discovery Channel, but the final return for shareholders investing in such a project may be much closer to zero than is currently being contemplated. Leadership in our industry will not be determined by size".
Source: Press release
Posted on 1/03/2011 / 1 comments / Read More
 
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