Bangladesh signs LNG import deal with Qatar

Bangladesh on Sunday signed a deal with Qatar to import four million tonnes of liquefied natural gas (LNG) per year to meet the growing demand for gas. 
Mohammad Mejbahuddin, secretary to the energy and mineral resources division of Bangladesh, and Mohammed Saleh Al-Sada, state minister for energy and industrial affairs of Qatar, signed a memorandum of understanding (MoU) on this. 
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Source: The Economic Times

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Iran discovers new gas field

Iranian Oil Minister Masoud Mirkazemi said that the total volumes of gas hit 260 billion cubic meters on the discovered field, of which 80 percent are extractive, Fars news agency reported. The new field is called Khayyam. It is close to the point Asalue in the Persian Gulf, he added. 
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Source: Trend News Agency

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S.Korea firms lead race for Aramco's Wasit-sources

South Korean firms lead the race for deals to build Saudi Aramco's [SDABO.UL] largest gas plant Wasit, which is part of the state oil firm's push to raise gas processing capacity, industry sources said on Sunday.
Gas projects have taken priority in the world's top oil exporter as they can cater for rising domestic demand and help Saudi Arabia avoid burning oil it would rather sell internationally.
[Read more]
Source: Reuters

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Pipeline in Alaska to Restart Soon

The company that runs the Trans Alaska Pipeline System, which has been struggling for the last week with a leak at the Prudhoe Bay intake station, said operations would resume by late Sunday or early Monday.
Installation of a bypass line is expected to be completed Sunday evening, after which oil flow will be restarted through the 800-mile pipeline, said Stefani Bell, a spokeswoman for Alyeska Pipeline Service Company, the pipeline operator .
[Read more]
Source: The New York Times

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Daewoo completes world’s largest FPSO

Daewoo Shipbuilding & Marine Engineering has completed construction of the world’s largest floating production storage and offloading unit (FPSO).
The 120,000 dwt vessel, measuring 325m long and 61m wide, will be able to process 220,000 barrels of oil, or 4.4 million cubic meters of gas a day, and store up to 1.9 million barrels of crude oil. The FPSO, christened as Pazflor will be deployed in August for the Clov project in Angola.
[Read more]
Source: The Motorship

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Oslo exonerated in fatal Rocknes sinking

A COURT in Norway has ruled that the government is not liable in 2004’s Rocknes disaster, the Norwegian Shipowners’ Association said today. 
When the bulker Rocknes ran aground and capsized outside Bergen in January 2004, 18 of the 30 crew members on board were killed. 

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Source: Safety at Sea

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Chevron in Talks With Indonesia on Drilling Rights Extension

Chevron Corp., the second-biggest U.S. oil company, said it’s in talks with the Indonesian government on extending its drilling rights at a block in southern Sumatra.
The explorer, based in San Ramon, California, is seeking to extend drilling rights at the Siak oil block expiring in 2013, Gareth Johnstone, a Chevron spokesman based in Singapore, said by e-mail.
[Read more]
Source: Bloomberg

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BG may evacuate staff from Tunisia

British oil and gas firm BG Group Plc, Tunisia's largest producer of gas, said on Friday it may evacuate staff as the North African country suffers its worst unrest in decades.
It said its office in the capital of Tunis has been closed but otherwise operations have been unaffected, BG said.
[Read more]
Source: Reuters

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Owner of M/V Leopard searches for the missing crew

A Danish shipping company said Friday it was searching for six crew members who have been missing since their cargo ship was attacked by pirates two days ago in the Gulf of Aden off Oman.
“We do not know where the crew is and we are concentrating on locating them and bringing them home to safety,” Shipcraft chief executive Claus Bech said in a statement.
He confirmed a report late Thursday that the pirates had taken the six crew members — two Danes including the captain, and four Filipinos — and abandoned the cargo ship, The Leopard.
[Read More]
Source: Maritime Sun News

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DOE in talks with 2 Chinese firms for pipeline project

The Department of Energy (DOE) is pursuing talks with two Chinese liquefied natural gas (LNG) firms for the possible development of a pipeline to supply the transport sector.
DOE director Jesus Tamang told reporters that they have been holding discussions with XinAo Gas and Synergy International Resources Group Co. Ltd., both of whom have been signifying keen interest to develop an LNG pipeline and supply LNG and compressed natural gas (CNG) buses.
[Read more]
Source: ABS-CBNNews.com

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Acid-laden tanker capsizes on Rhine in Germany

A tanker loaded with sulfuric acid capsized on the Rhine river in Germany on Thursday, and special cranes and more than 100 rescuers struggled to right the vessel and find two crew members who remain missing.
[Read More]
Source: boston.com

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Total snags stakes in Argentina to search for shale in the Neuquen Basin

French major Total has acquired interests in four exploration licenses in Argentina in partnership with YPF in order to appraise their shale gas potential. Located in the Neuquén Basin, the licenses were awarded by the provincial authorities for a six-year period. The four new blocks are the latest addition to the Group’s portfolio of assets in Argentina, which includes significant holdings in shale gas play. 
More specifically, Total has acquired a 42.5% interest in both the Aguada de Castro and Pampa las Yeguas II licenses, which Total will operate ; and a 40% interest in the Cerro Las Minas license and a 45% interest in the Cerro Partido license which will be operated by YPF. 
Commenting on the transactions, Yves-Louis Darricarrère, President of Total Exploration & Production, said: “These new interests in acreage that is potentially rich in shale gas further strengthen Total’s presence in unconventional gas, a domain in which Total has the ambition to grow significantly.”
The latest transactions follow on from the acquisition of 85% stakes in the La Escalonada and Rincón La Ceniza blocks in the same shale gas play in early 2010. As operator, Total is currently conducting geological, seismic and petrophysical studies in these blocks. 
In 2010, the Group carried out similar studies on two other long-held blocks that it operates: Aguada Pichana (27.3%) and San Roque (24.7%). 
Total is planning to drill exploration wells in 2011 to evaluate the play’s potential. 
The entire shale gas zone held by Total represents a combined area of 1,548 square kilometres (approximately 380,000 acres) in Total’s net share. 
Source: Press release

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Maersk to add two 13,092-TEU ships to AE-7 service

DENMARK's Maersk Line has announced it will add two new 13,092-TEU containerships, the Maersk Edmonton and the Maersk Erving, to its Asia-Europe AE-7 service in February in March to replace the two 9,500-TEU class Maersk Algol and Gjertrud Maersk, reports Alphaliner.
[Read More]
Source: Read More

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Rosneft and BP Form Global and Arctic Strategic Alliance

BP and Rosneft announced today that they have agreed a groundbreaking strategic global alliance. 
Rosneft and BP have agreed to explore and develop three license blocks - EPNZ 1,2,3 – on the Russian Arctic continental shelf. These licences were awarded to Rosneft in 2010 and cover approximately 125,000 square kilometres in a highly prospective area of the South Kara Sea. This is an area roughly equivalent in size and prospectivity to the UK North Sea.
[Read more]
Source: BP

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Arctic Exploration: Statoil, OMV swap stakes in Barents Sea licenses

Statoil and OMV in Norway have entered into an agreement regarding swap of interests in two licences in the Barents Sea. 
Statoil will take over 15 percent of OMV's 40 percent interest in production license 537. The license was awarded in the 20th licensing round in 2009 with OMV as the operator. 
Statoil previously had no ownership interest in the license. 
In return, OMV will take over 30 percent of Statoil's 80 percent interest in production license 393B, where Statoil will maintain 50 percent interest as the operator. 
"We consider this area in the Barents Sea interesting and are very pleased to have secured a stake in this license," says Gro Gunleiksrud Haatvedt, vice president for exploration on the Norwegian continental shelf in Statoil. 
"The Barents Sea is a strategically important area for Statoil, and this agreement further strengthens our position in the area, at the same time as we reduce our exposure in license 393B," she says. 
The agreement has been approved by the authorities.
Source: Press release

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Environment minister urges halt to Leviathan drilling

There is little chance of a moratorum on drilling for oil at the Leviathan 1 exploratory well, as Minister of Environmental Protection Gilad Erdan is seeking. In a letter to Minister of National Infrastructures Uzi Landau, Erdan warned of possible environmental harm. He explicitly said that he was referring to oil drilling, not natural gas.
[Read more]
Source: The Globe

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CMA CGM to boost Asia-Europe with new mega-ships

FRENCH carrier CMA CGM will receive the 12,552-TEU ship CMA CGM Alaska this month, which will join its Far East-North Europe FAL 1 service.
Industry analyst Alphaliner said the ship will become the largest unit on the loop, currently operated with 11 vessels of 9,500 to 11,400 TEU.
[Read More]
Source: Sea News

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AMC Connector: targeting the deepwater segment

AMC Connector, a future new-build subsea installation and construction vessel from Aker Solutions, has finalised its vessel specs. With a total payload capacity of 9 000 tonnes of subsea power cables or umbilicals, the vessel will be well equipped to target the deepwater installation segment.
AMC Connector - previously called Aker Connector - will be equipped with two turntables for high voltage power cables or subsea umbilicals: one 6 000 tonnes capacity on deck and another 3 000 tonnes capacity below deck. With a total product payload of 9 000 tonnes, AMC Connector will be able to take on highly complex and sizeable installation projects.
At full payload the 157 x 32 metres ship will boost an impressive transit speed of 16 knots. This will make the vessel a highly competitive alternative for installation jobs in remote locations.
In addition, the vessel's design enables her to operate safely and efficiently in higher waves than most other high-end construction vessels. AMC Connector will comfortably operate in significant wave height (Hsig) of 4-5 metres, which means that she will have an operating window at the leading edge for installation and construction vessels.
"When she is delivered in the beginning of 2012, AMC Connector will be a fantastic asset to our customers around the world. The unique wave motion characteristics will enable longer installation seasons and increased project execution predictability," says Svein Haug, president of Aker Marine Contractors, who will operate the vessel.
The vessel will be equipped with two heave-compensated offshore cranes - with 400 and 50 tonnes capacity respectively - that can operate down to 3 000 metres water depth. She will have two 3 000 metres capacity, remotely operated vehicles (ROVs) onboard and can accommodate 140 people.
"AMC Connector is a multi-purpose ship which will be a highly competitive cable and umbilical installation vessel, but is also equipped to perform deepwater construction work as well as other installation jobs," adds Haug.
A unique feature is the vessel's deck flexibility, which enables her to meet a wide range of service demands. Within some two days the on-deck modules can be removed from the deck, freeing up a total space of approximately 1 500 square metres. This will enable transport and installation of large spools and jumpers as well as subsea structures and manifolds.
AMC Connector is built by STX Europe and will be outfitted at their yard at Søviknes, Norway. She will be ready for operations from Q1 2012. Subsea power cable provider ABB has already secured the vessel for installation campaigns during 2012 and 2013.
The vessel will be owned 50/50 by Aker Solutions and Singapore-based Ezra Holdings Ltd (Ezra), which recently acquired 100 percent of the shares in Aker Solutions' subsidiary Aker Marine Contractors AS. 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, Aker Marine Contractors 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/Aker Marine Contractors 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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Latest attack changes dynamic of Somali piracy

A recent incident could signal a worrying development in the tactics employed by Somali pirates, according to the ICC International Maritime Bureau (IMB).
On 12 January 2011, suspected Somali pirates boarded a general cargo vessel some 270 NM north east of Socotra Island. The attack was launched from a previously-captured fishing vessel currently being used as a mother ship. Six crew members- two Danes and four Filipinos- were removed from their ship and transferred to the hijacked fishing vessel.
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Source: ICC International Maritime Bureau (IMB)

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Iraq to ask foreign firms to build 10 ships

Iraq's Transport Ministry said on Sunday it would invite foreign firms in early March to submit bids to build 10 ships, including bulk cargo and container vessels, for an estimated value of $110 million.
Ismat Amer, head of the state-run sea transport company, said Iraq had started rebuilding its maritime fleet when it bought its first new ship in 2009.
[Read More]
Source: Reuters

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EPL paying $201.5 million for petroleum properties

Energy Partners Ltd. agreed Thursday to pay $201.5 million to buy producing oil and natural wells in the Gulf of Mexico
The New Orleans-based independent energy producer is acquiring the sites, located in the shallow water in the central Gulf of Mexico, from Anglo-Suisse Offshore Partners, a privately held independent producer based in Houston.
[Read more]
Source: Bloomberg

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Technip wins subsea work at Chevron's Jack-St. Malo ultra-deepwater fields in the Gulf of Mexico

French engineering and oilfield services firm Technip was awarded a contract by Chevron  for the development of the Jack-St. Malo fields, located in the Walker Ridge area of the Gulf of Mexico at a water depth of approximately 7,000 feet (2,100 meters). 
The Jack-St. Malo contract covers the engineering, fabrication and subsea installation of more than 53 miles (85 kilometers) of 10.75” outer diameter of flowlines, steel catenary risers, pipeline end terminations, manifolds, pump stations and tie-in skids. 
Technip's operating center in Houston, will perform the overall project management. The flowlines and risers will be welded at the Group’s spoolbase in Mobile, Alabama. Offshore installation is scheduled to be completed by the Deep Blue, Technip’s deepwater pipelay vessel, in 2013. 
Expected to come on-stream in 2014, the Jack-St. Malo ultra-deepwater development will incorporate a semisubmersible production facility, for which Mustang Engineering has won the design contract.
This award reinforces Technip’s leading position in the Gulf of Mexico ultra-deepwater market.
Source: Press release

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NPD Signs Agreement with Greenland

The Norwegian Petroleum Directorate (NPD) has signed a framework agreement with the Greenland Bureau of Minerals and Petroleum (BMP) for the exchange of information regarding resource management in the two countries. 
The agreement was signed by the Director of the BMP, Jørn Skov Nilsen, and Director General Bente Nyland at a meeting at the NPD's offices on Tuesday, 11 January. The meeting took place in connection with Kuupik Kleist's visit to Norway. Kuupik Kleist is the Premier of the Greenland Home Rule Government.
In addition to a general exchange of experience, the Bureau of Minerals and Petroleum would like to cooperate with the NPD on data management. Another area of cooperation is exploration and exploitation of petroleum resources in the Arctic. The framework agreement can be supplemented with sub-agreements in specific areas agreed on by the parties.
Skov Nilsen was accompanied by a delegation from Greenland, together with the Norwegian ambassador in Denmark, Jørg Willy Bronebakk, who is responsible for Greenland. 
In the meeting, the BMP provided information about its responsibilities and experiences. Information regarding regulations and the activities on the two countries' continental shelves was also exchanged.
The NPD views the agreement with Greenland as part of the Norwegian focus on the northern areas, where a joint effort within resource management in the northern and Arctic areas is of great importance. The Norwegian Petroleum Directorate has entered into similar agreements with other neighbouring countries in the northern regions.
Source: Press release

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Xcite Energy secures rig for North Sea Bentley oil field

North Sea heavy oils operator Xcite Energy XEL have secured the "Rowan Norway" jack-up rig for its operations in the Bentley oilfield in the UK North Sea. 
Xcite's 100% subsidiary, Xcite Energy Resources has entered into an extension to a binding letter of intent with British American Offshore Limited, part of Rowan Companies for the N-Class "Rowan Norway" jack-up rig.
[Read more]
Source: UK City Media

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How are wrecked ships salved?

Accidents do happen, and ships are occasionally wrecked on rocks, sandbanks or are perhaps washed up on a lee shore, possibly after the anchor chain had parted or dragged in a storm. Vessels sometimes collide, or catch fire. It then becomes the job of professional salvors to make the best of a bad situation and save the ship, once its crew are in a place of safety. Salvage is a highly specialised and fascinating business employing all manner of different skills, from diving and the ability to undertake underwater repairs, welding and repairing, and even emptying a damaged or sunken ship of the pollutants in cargo or bunker tanks. A professional salvage master, the person who will take charge of the operation is a seafarer of proven expertise, who will have “worked his way up” and understands all the nuances of this often hazardous business.
[Read More]
Source: Bimco

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Dry Bulk Fleet developments in 2010

The dry bulk fleet expanded rapidly in 2010. After allowing for scrappings, conversions, sinkings and other removals there was a net growth of 830 ships amounting to an additional 77 Mdwt. In terms of deadweight this was an expansion of an unprecedented 17.7% or 12.7% in terms of numbers of ships.

At the 1st January the dry bulk fleet (above 10,000 dwt) stood at 7,365 ships of some 511 Mdwt. Despite the highest level of deliveries ever seen in 2010 (some 907 ships of 38.1 Mdwt) it seems as if the fleet could expand even faster this year with a scheduled delivery this year of over 1,600 ships of 138 Mdwt. Slippage last year amounted to 37% meaning that 63% of those ships scheduled to be delivered at the start of 2010 actually were delivered by year end. If a similar slippage rate is seen this year it still implies deliveries of around 1,000 ships.
Source: ICAP Shipping

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Niko Announces Double Farmout With Repsol Exploration SA

Niko Resources Ltd. is pleased to announce that it has reached a Farmout agreement with Repsol Exploration SA ("Repsol") in which Repsol, through its subsidiaries, will become a joint venture participant in both the East Bula and Seram Production Sharing Contracts (PSC) in Indonesia. As a result of the agreement, Niko as operator will hold 55% working interest and Repsol will hold 45% working interest on each PSC. The transfer of interest has been approved by the Government in Indonesia.
The Seram PSC was signed by Niko in November 2008 while the adjacent East Bula PSC was signed by Niko in November 2009. Niko as the operator of both blocks has completed a 4,760 km 2D seismic survey and a 200 square km 3D seismic survey.
Repsol and Niko are also joint venture partners in three recently awarded blocks; Cendrawasih Bay II, III, and IV. These three blocks were signed under a Production Sharing Contract on May 18th, 2010. Niko as the operator of Cendrawasih Bay III and IV has already completed a 5,240 km 2D seismic survey.
Source: Press release

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Saudi Arabia-Japan Tanker Rates Fall, Prompt Speed Speculation

The cost of hauling Middle East crude oil to Asia slid for a sixth day, prompting speculation some tanker owners may consider reducing ship speeds to save on fuel costs and cut vessel supply.Charter rates for very large crude carriers, or VLCCs, on the industry’s benchmark Saudi Arabia-to-Japan voyage fell 1.5 percent to 45.32 Worldscale points, according to the Baltic Exchange in London. Returns from the route, the world’s busiest for supertankers, dropped 11 percent to $8,111 a day.
[Read More]
Source: Bloomberg

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Japanese may win LNG carriers

Japanese shipbuilders, starved of LNG carrier orders, are expected to win some newbuilding orders this year as domestic utilities are expected to move forward on a number of LNG-newbuilding projects this year on the back of a slew of recent term LNG purchases.
[Read More]
Source: Asiasis

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Samsung builds Stena tankers at China

South Korea's Samsung Heavy Industries is said to be in negotiation for up to 10 handysize products tankers for Stena Bulk of Sweden. 
Stena was planning to order six 38,000-dwt ships with options for another four. 
[Read More]
Source: Asiasis

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Rockhopper begins drilling of 14/10-3 well in North Falkland Basin

Rockhopper Exploration has started drilling operations at the 14/10-3 exploration well in the North Falkland Basin.
The well is located 8km north west of the Sea Lion 14/10-2 discovery well on the Licence PL032, in which the company holds a 100% working interest.
[Read more]
Source: Energy Business Review

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SOCAR prepares for drilling new exploration well at Umid offshore field

The State Oil Company of Azerbaijan is working to drill new exploration well at the Umid offshore field.
According to a statement in the company, the projected depth of the new well will make up 6,500 meters. The drilling is to complete in late 2011-early 2012.
[Read more]
Source: News.Az

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Transocean Extends Rig Leases at Reduced Rates With Shell, BHP

Transocean Ltd., owner of the rig that exploded in the Gulf of Mexico and triggered the biggest U.S. offshore oil spill, reached agreements with Royal Dutch Shell Plc and BHP Billiton Ltd. to extend rental agreements for two drilling vessels.
[Read more]
Source: Bloomberg

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Olympic confirms Kleven option

Olympic Shipping in Norway has confirmed a contract with Kleven Maritime for the delivery of one multi purpose field supply & construction vessel of the MT 6015 design by Norwegian design company Marin Teknikk.
The vessel is to be built at the yard Kleven Verft in Ulsteinvik, Norway, with delivery set for June 2012.
[Read more]
Source: The Motorship

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Wilhelmsen Ships Service Opens Tunisia Distribution Site

Wilhelmsen Ships Service has opened a new office in Sousse, south of Tunis and conveniently located between Tunisia’s main ports. The new facility will service a growing market in the region, including vessels calling on Tunisian ports and a number of offshore customers, with Wilhelmsen Ships Service’s range of agency services and Unitor marine products.
[Read more]
Source: Dredging Today

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Draka Nets New Marine Cable Order for Royal Boskalis Vessel

Draka Offshore announced today that Keppel Singmarine has selected Draka as a cable supplier for its production of Hull 362 for Royal Boskalis Westminster.
“It is always gratifying to receive orders from a renowned shipbuilding yard like Keppel Singmarine,” stated Patrick Ang, vice president of the marine segment for Draka Offshore. “We strive to provide our customers with the best quality product and consistent on-time service and it’s nice to receive validation of these efforts by a leader like Keppel Singmarine.”
[Read more]
Source: Dredging Today

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NPD Expects Norwegian Shelf Investments to Rise

The activity level on the Norwegian shelf is high, with investments expected to rise in the next few years. In spite of this, NPD sees that more than 50 per cent of the oil remains in the fields.
[Read more]
Source: Offshore Energy Today

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Teekay Announces Senior Management Appointments

Teekay Corporation announced that its current President of its Shuttle Tanker and FSO business unit, Kenneth Hvid, has been appointed to the position of Executive Vice President and Chief Strategy Officer effective April 1, 2011. In his new role, Mr. Hvid will be located in Vancouver, Canada and will be succeeding Peter Evensen, who will take over as Teekay's President and Chief Executive Officer in April 2011 as a result of the previously announced retirement of Bjorn Moller.
Mr. Hvid joined Teekay in 2000 from A.P. Moller, and was responsible for leading the Company's global procurement activities until he was promoted in 2004 to Senior Vice President, Teekay Gas Services. During this time, Mr. Hvid was involved in leading Teekay's entry and growth in the LNG business. In 2006, he was appointed to his current role as President, Teekay Navion Shuttle Tankers and Offshore.
Mr. Evensen commented, "Kenneth has done an extraordinary job in growing our shuttle tanker and FSO activities and in positioning the Stavanger-based business unit for the future. With his broad expertise, natural leadership skills and strategic mindset, Kenneth is the ideal candidate to lead Teekay's strategic initiatives."
Ingvild Sæther has been appointed Mr. Hvid's successor as President, Teekay Navion Shuttle Tankers and Offshore effective April 1, 2011. Ms. Sæther joined Teekay in 2002 as part of the Company's acquisition of Navion from Statoil. She held various management positions in Teekay's conventional tanker business unit before she was appointed Vice President, Teekay Navion Shuttle Tankers in 2007, with commercial responsibility for Teekay's shuttle tanker activities in the North Sea.
"Ingvild has been instrumental in managing the growth of our North Sea activities including the recent successful contracting of our new generation shuttle tankers and is the natural successor as President of Teekay's Shuttle Tanker and FSO business unit," commented Mr. Evensen. "She is a visionary leader with passion for her work and extensive shipping experience. She has worked closely alongside Kenneth for the last few years which will ensure a seamless leadership transition."
Source: Press release

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