Category archives for: Offshore News

Readers’ Picks of the Week (Aug 25-29, 2014)

Readers’ Picks of the Week (Aug 25-29, 2014)

Plastic Main Propellers Making Debut Plastic Main Propellers Making Debut Japanese classification society ClassNK and Nakashima Propeller Co., Ltd., have installed the world’s first carbon fiber reinforced plastic (CFRP) propeller on a main propulsion system of a merchant vessel.…Read more Deadliest Week in Mediterranean More than 300 people died while trying to make irregular sea […]

Sevan Drilling to Cancel Newbuild at Cosco?

Sevan Drilling to Cancel Newbuild at Cosco?

International drilling contractor Sevan Drilling may cancel its order for offshore platform “Sevan Developer” being built at China’s Cosco Shipyard, the company said in its second quarter results. “The soft ultra-deep water market resulting from the pause in spending and subsequent lack of awards from oil companies continues to delay obtaining an operating contract for […]

Wärtsilä to Look After Harvey Gulf’s Newbuilds

Wärtsilä to Look After Harvey Gulf’s Newbuilds

Wärtsilä has signed a long-term Technical Management Agreement with Harvey Gulf International Marine LLC. This five-year agreement covers Condition Based Maintenance and Dynamic Maintenance Planning for eight new offshore supply and multi-purpose support vessels – six liquefied natural gas (LNG) fuelled platform supply vessels and two offshore construction vessels powered by diesel fuel. Condition Based […]

Drillers to Favor Buying over Building?

Drillers to Favor Buying over Building?

The cyclical downturn in the offshore oil and gas-drilling market may provide an opportunity for drillers with financial flexibility to buy high-yield peers at favorable prices, rating agency Fitch Ratings said. In this environment, master limited partnerships (MLPs) may provide additional financial flexibility for corporate parents looking to acquire assets. Near-term offshore demand has moderated, […]

Mojo Maritime’s HF4 Stands Firm in Worst Case Scenarios

Mojo Maritime’s HF4 Stands Firm in Worst Case Scenarios

Mojo Maritime’s HF4 has demonstrated stunning DP (Dynamic Positioning) performance and manoeuvring characteristics based on results of simulations recently undertaken, the company said in a release. Mojo Maritime has concluded the design of the advanced DP system in collaboration with GE and Voith Turbo and it has been tested in DP simulations and ship-handling simulators […]

Investigation into Stena Clyde Deaths Kept in the Dark

Investigation into Stena Clyde Deaths Kept in the Dark

Today marks two years since the deaths of two workers on the Stena Clyde oil rig in the Bass Strait off the coast of Victoria and still no action has been taken over long-standing safety concerns, Maritime Union of Australia (MUA) said. Australian unions are calling on the Federal Government to launch a review into […]

VIDEO: Aasta Hansteen Breaks Ground

VIDEO: Aasta Hansteen Breaks Ground

Aasta Hansteen and Polarled are moving the boundaries for technology, deep waters and ripple effects on the Norwegian continental shelf (NCS). “Aasta Hansteen is one of the biggest and most complex industrial projects in Europe. With the Polarled pipeline, the Norwegian gas infrastructure is taken northward across the Arctic Circle for the first time. We […]

SBI Offshore Hammering Out Five Rigs Deal

SBI Offshore Hammering Out Five Rigs Deal

A Middle-East Chinese Consortium has expressed interest in ordering up to five offshore rig units from Singapore-listed SBI Offshore Limited. The rigs would meet the American Bureau of Shipping Classification requirements for operating in water depths of up to 110 meters. SBI has already started negotiations with the consortium for the management and construction of the rigs, which […]

Interview: Switch to Gas Needs Speeding Up

Interview: Switch to Gas Needs Speeding Up

Maritime transport is moving towards the use of gas as a prime source of energy for propulsion and power generation on board ships. As the ‘dash for gas’ takes hold worldwide, the maritime industry has a golden opportunity to leapfrog the increasingly strict regime governing emissions of harmful atmospheric pollutants, reduce the carbon footprint of […]

DNV GL Showcases Interactive Arctic Risk Map

DNV GL Showcases Interactive Arctic Risk Map

DNV GL has developed an interactive Arctic Risk Map to present the risks associated with offshore and maritime activities in the Arctic. The map aims to provide the industry with a comprehensive tool for decision-making and transparent communications. “The Arctic is not a monolithic area and the risk picture varies accordingly. Stakeholders therefore need a sound decision […]

Advertisement





lb
McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams