Stena Drilling secures another rig gig

first_imgOffshore driller Stena Drilling has signed a contract with Timor Sea Oil & Gas Australia Pty Limited (TOGA) for the Stena Clyde semi-submersible drilling rig. The rig owner said on Thursday that the campaign for TOGA, a subsidiary of Northern Oil & Gas Australia Pty Limited (NOGA), is around 30 days and will start around April or May this year.Stena Clyde has been kept warm stacked for a period of time in Darwin, Australia.Stena noted that this workscope now represents a great opportunity for the Stena Clyde as the unit remains active and competitive in Australian waters.The Stena Clyde is a twin pontoon, column stabilized drilling unit, of an Aker H3 design. The vessel has been modified with an additional six stability columns to provide adequate operating deck load for operations in 1,640ft water depths. It was built by Rauma Rupola in 1976 and modified in 1985 and 1997.This is the second contract award for Stena in less than a week. Namely, Nexen Petroleum earlier this week awarded a contract to the Stena Spey drilling rig for work in the UK Central North Sea.In addition, Stena at the end of January signed a contract with Energean for the development drilling of the Karish field, offshore Israel.Stena Drilling will deploy the Stena Forth drillship “or such substitute as may be agreed by the parties” to drill three development wells in Q1 2019, subject to Energean’s Final Investment Decision (FID) regarding the Karish and Tanin gas fields.Offshore Energy Today Stafflast_img read more

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LPG Tanker’s Chief Engineer Injured in Boarding Incident off Singapore

first_imgThe Chief Engineer aboard the LPG tanker Maregas was assaulted and sustained injuries in a boarding incident off Singapore.According to data provided by Asian piracy watchdog ReCAAP ISC, the crewmember sustained injuries to his face and hands after three perpetrators confronted him and forcibly took his gold chain using a wooden pole.The incident occurred on September 19, while the LPG tanker was sailing in the Singapore Strait.The perpetrators made their escape when the alarm was raised. Crew was mustered to conduct security search after the perpetrators made their escape. ReCAAP informed that the remaining crewmembers are safe and no further injuries were reported.Maregas’ Master informed Singapore Vessel Traffic Information System of the incident via VHF. Master raised alarm upon the report from the Chief Engineer. Crew was mustered to conduct security search after the perpetrators made their escape.Singapore Police Coast Guard boarded the ship upon its arrival in Singapore for security search and investigation.last_img read more

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Canada: B.C. creates fiscal framework for LNG investment

first_imgThe government of British Columbia introduced legislation to enable investment in the liquefied natural gas (LNG) industry of the Canadian province. The legislation brings together the final fiscal elements of the policy framework for natural gas development set out by Premier John Horgan a year ago, a government statement reads.British Columbia government has already provided a PST performance payment agreement and provided industrial electricity rates on par with other industrial users in B.C.Once passed it will amend the income tax act to implement a natural gas tax credit for LNG development in British Columbia, repeal the LNG income tax act that created barriers for investment in B.C.’s natural gas sector and repeal the LNG project agreements act that left British Columbians vulnerable to footing the bill for special industry tax and regulatory protections, the statement reads.Once complete, these steps will deliver the fiscal setting needed for LNG Canada’s proposed $40-billion project in northern British Columbia — the largest private-sector investment in B.C.’s history.The completed fiscal framework comes after months of discussion between government, communities, Indigenous peoples and the LNG industry to make sure the LNG Canada project meets government’s environmental goals and commitments to economic partnerships with First Nations.Effective January 1, 2020, the new natural gas tax credit will be available to qualifying corporations and is currently calculated at 3 percent of the cost of natural gas. The tax credit can be used to reduce B.C.’s corporate income tax rate from 12 percent to 9 percent.last_img read more

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Hapag-Lloyd Sets Green Targets

first_imgMoving forward with its sustainability activities, German container shipping company Hapag-Lloyd has presented ambitious green targets for the coming period.In its latest sustainability report, the company said it expects to reduce CO2 emissions per TEU kilometer by 20% by 2020 as compared with 2016 figures.“In 2018, we were once again able to reduce the fuel consumption of our global fleet through efficiency measures. We have also lowered our specific emissions,” Jörg Erdmann, Senior Director Sustainability Management, said.“This puts us on track to achieve our target of a 20 percent reduction by 2020,” Erdmann pointed out.As informed, ongoing investments in the company’s ships and the responsible use of equipment will remain Hapag-Lloyd’s major areas of focus in terms of environmental and climate protection, in line with its Strategy 2023.Another important point for the company is the International Maritime Organization’s sulphur cap 2020. This regulation, which will enter into force on January 1, 2020, will lower the cap for sulphur content in marine fuels from 3.5 percent to 0.5 percent.“The new regulation is an important step on the way to lower-emission shipping. Even though the switch to low-sulphur fuels will entail significant costs, we are convinced that this directive is necessary,” Erdmann added.“We are prepared, as our fleet will operate using compliant fuels by January 1, 2020. In addition, we are testing other options, and Hapag-Lloyd will be the first shipping company to convert a large container ship to climate-friendly liquefied natural gas.”For this year’s sustainability report, Hapag-Lloyd incorporated the Sustainable Development Goals (SDGs) of the United Nations for the first time. The SDGs consider all three dimensions of sustainability – the economy, the environment and social commitment – and help companies to design their business processes to be sustainable over the long term.Hapag-Lloyd currently has a fleet of 227 vessels which transport approximately 12 million containers per year.last_img read more

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Siemens Gamesa and Ørsted Firm Up Changhua Order

first_imgSiemens Gamesa has received the firm order from Ørsted for their 900MW Greater Changhua 1 & 2a offshore wind power project in Taiwan.Source: ØrstedThe project includes the Asia-Pacific variant of the SG 8.0-167 DD offshore wind turbine and a service agreement.As part of this firm order, Siemens Gamesa will establish a nacelle assembly facility at Taichung Harbor. The facility is expected to be ready in 2021, exceeding the local content creation timeline as set by the Taiwanese government, the company said.Wind turbine towers for the project will be supplied locally through the partnership between CS Wind and Chin Fong in Taiwan, meeting the official requirements for local content on wind turbine components. Offshore construction for the project to begin in 2021.“In becoming a firm order, Greater Changhua 1 & 2a serves to significantly strengthen Siemens Gamesa’s presence in Taiwan. Our commitment to create a nacelle assembly facility – ahead of the local content requirement timeframe as set by the Taiwanese government – demonstrates our belief in the market and its long-term potential,” said Andreas Nauen, CEO of the Offshore Business Unit in Siemens Gamesa Renewable Energy.The SG 8.0-167 DD offshore wind turbine variant for Asia-Pacific markets is tailored to meet local codes and standards regarding typhoons, seismic activities, 60 Hertz operation, as well as operation in high and low ambient temperatures. The 167-meter diameter rotor has a swept area of 21,900m2, and utilizes the SGRE B81 blades, each measuring 81.4 meters.The Greater Changhua 1 & 2a wind farm will feature 112 wind turbines installed on jacket foundations 35-50 kilometers off the coast of Changhua County. The offshore wind farm will be constructed in 2021 and 2022.Matthias Bausenwein, President of Ørsted Asia Pacific, said: “We have taken the final investment decision for the Greater Changhua 1 & 2a project and are now moving full speed ahead to meet the construction timelines so we can bring clean energy to the people of Taiwan on time. Today’s contract signing with Siemens Gamesa also demonstrates our strong commitment to localization and our strong support for Taiwan to continue being a frontrunner in building an offshore wind industry in Asia.”last_img read more

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ION, iSEISMIC Collaborate on Seabed Acquisition Technology

first_imgION Geophysical and iSEISMIC, an ocean bottom seismic (OBS) acquisition specialist, have signed a memorandum of understanding to collaborate on seabed acquisition technologies.iSEISMIC plans to utilize the full suite of ION’s 4Sea ocean bottom acquisition and imaging technology to deliver a step-change in the safety, efficiency, quality and turnaround time of seabed surveys.This agreement will enable ION to commercialize its new 4Sea technology and provides an opportunity to realize the benefits of the technology to acquire ocean bottom multi-client programs more quickly and cost-effectively.“This collaboration validates our component approach and provides ION an exciting opportunity to further participate in the growing, high value seabed market and extract recurring revenue from the value our technology delivers, without compromising our asset light strategy,” said Chris Usher, ION’s president and chief executive officer.“Deploying 4Sea as a complete system will enable iSEISMIC and our multi-client customers to gain maximum benefit from this fully integrated transformational architecture for exceptionally efficient OBS data acquisition.  We look forward to working with iSEISMIC to create a Blue Ocean shift for the applications of OBS data in our industry.”“This partnership presents a unique opportunity for both companies to leverage significant synergies to gain a strengthened foothold in the OBS market,” stated Carl Berg, iSEISMIC’s chief executive officer. “ION is an ideal partner as their multi-client business development, imaging expertise and revolutionary technology nicely complements our team’s aggregated operational experience acquiring over 150 surveys, including more than 50 OBS surveys, while deploying a range of new technologies.  After considering a number of industry alternatives, we believe the full suite of ION’s 4Sea technologies will enable us to achieve a radical breakthrough in OBS performance and give us a range of competitive advantages.  As a first mover with the complete 4Sea platform, including the fully automated deployment and retrieval system, we will have the fastest operational speed in the industry, significantly faster than today’s standard.”last_img read more

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Work Kicks Off on Oswego Harbor Arrowhead Breakwater

first_imgThe U.S. Army Corps of Engineers, Buffalo District, began construction of a maintenance repair on Thursday, July 18th, 2019 in Lake Ontario at the west arrowhead breakwater in Oswego Harbor, located in the City of Oswego, New York.The work being conducted consists of repairing 600 linear feet along the lake side of the West Arrowhead breakwater.The contractor, Dean Marine and Excavating, Inc. will be conducting work throughout the summer with anticipated completion in September 2019.“I applaud the Army Corps of Engineers, Buffalo District, for beginning repairs on the Oswego Harbor west arrowhead breakwater,” said New York Congressman John Katko.“The Oswego Harbor remains a vital economic driver for Oswego County and all of Central New York, supporting 250,000 tons of product delivered to 7 internal commercial ports. The repairs to the Oswego west arrowhead breakwater will promote safe navigation for ships, preserve the Harbor, and encourage commerce in Oswego.”The West Arrowhead Breakwater runs 2,700 feet out toward the historic west pier head lighthouse, and protects the deep draft, commercial harbor for stakeholders, including the Port of Oswego, U.S. Coast Guard, NRG Energy, Sprague Energy, Lafarge Cement, Essroc Cement, and private marinas.last_img read more

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Flex LNG takes delivery of Flex Courageous LNG carrier

first_imgFlex Courageous; Image courtesy of Flex LNGFlex LNG, the company controlled by billionaire John Fredriksen and an emerging player in the LNG shipping business, has taken delivery of its sixth LNG carrier – Flex Courageous.Flex LNG said via social media that the Flex Courageous was delivered from South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) on Tuesday.The vessel is Flex LNG’s sixth vessel on the water with another five vessels set for delivery in 2020 and the remaining two in 2021 which – a fleet of 13 LNG carriers in total.Flex Courageous is a large 173,400 cbm LNG carrier fitted with high pressure two stroke MEGI engine with a partial reliquefaction system bringing the boil-off rate to industry-low of 0.075%.According to the social media announcement, Flex Courageous crew will now set course for its maiden voyage in the Pacific basin. Following this, the vessel will be available for employment in the fourth quarter for the upcoming winter.It is worth reminding that the Flex Courageous was launched in December 2018 and started gas trials in mid-July 2019. The fifth LNG carrier, the Flex Constellation, was delivered to Flex LNG in early June of this year.In connection with the delivery, the company utilized a $250 million bank facility to finance the Flex Constellation and Flex Courageous.last_img read more

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WP Group and Green Wind Establish O&M Co-Op

first_imgThe WP Group and the Green Wind Group have signed an agreement to cooperate in the area of wind farm maintenance management and services.The new business segment primarily offers operators of wind farms throughout Europe a full service with focus on maintenance and repair, carried out directly by WP Group, flanked by Green Wind’s 24/7 control greenwind centre control.WP Group Managing Director Michael Finnern, said: “This is where engineering knowledge and modern technology are combined with highly committed service and well-trained teams on site. This expands our business field by the possibility to offer full maintenance contracts with corresponding availability guarantees to the operator.”In addition to regular maintenance and repair work, the full service now also includes remote data monitoring, digitally controlled deployment planning, and spare parts procurement. Further areas of operation are to follow, the company said.“Here, a technology that is constantly evolving thanks to the competence and inventiveness of our control room personnel is used. By cooperating with an innovative service provider such as WP Group, we can fully exploit the functions of our control room and offer the wind farm operator a further step towards independence,” Manuel Lasse, Managing Director of Green Wind.last_img read more

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Golar Power to Provide FSRU for Brazilian LNG Terminal

first_imgBermuda-registered company Golar Power will be providing a floating storage regasification unit (FSRU) for a new LNG terminal at the Port of Vila do Conde, in Barcarena, Brazil.The terminal will be wholly operated by Golar Power, a 50/50 joint venture between Golar LNG and Stonepeak Infrastructure Partners.Located in a strategic entry point in the North region of Brazil, the LNG terminal is expected to start operations by mid-2021.It will be used as a hub to allow the distribution of LNG and supply of natural gas for electricity generation, commercial and industrial customers, transportation and bunkering before a 605MW LNG-to-power project in Barcarena, which will also be delivered by Golar Power, starts operations.The company said FSRU selection and detailing of the terminal were under way with an anticipated FID in the first half of 2020.“The energy hub that will be introduced by Golar Power in the State of Pará has the potential to supply an area larger than Western Europe, with millions of kilometers of river navigation routes,” Eduardo Antonello, Golar Power CEO, commented.“Considering the environmental and social benefits, our project has the potential to displace very large volumes of diesel, coal, LPG and heavy fuel oil (HFO) consumption with cheaper LNG, allowing significant reduction of greenhouse gas emissions and creating unique technical and economic development opportunities for the local populations.”This is the company’s second LNG-to-power project in Brazil. In 2016, Golar Power secured a 25-year FSRU charter for the Porto de Sergipe Project.The announcement of a new FSRU delivery agreement follows Golar LNG’s decision to spin off its LNG shipping business with the aim of focusing the company’s core business on LNG infrastructure. Golar LNG earlier said it was in discussions with Golar Power to exchange one of their LNG carriers for the FSRU Golar Tundra.Should the joint structure proceed as planned, the company’s direct exposure to the carrier market would then be limited to one modern steam turbine vessel, Golar Arctic, with Golar Viking contracted to be sold in 2020 post FSRU conversion.The spin-off is expected to be completed by the end of 2019.last_img read more

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