Federal regulators have approved
Wednesday, December 31, 2008
Enterprise repairs High Island Offshore System
MPA defers rise in port dues
The
The deferment will help more than 100 bunker tankers MPA said. As part of an effort to grow a younger, more efficient and greener fleet of tankers in
Remedial launches first ESV at COSCO Nantong Shipyard
Remedial Offshore marked the launch of its first Elevating Support Vessel on December 16 when the ESV unit was skidded onto a quayside barge at the COSCO
The launch ceremony celebrated a major milestone in construction of the world’s first ESV vessel, the “Remedial ESV Solutions.” The innovative ESV design is optimized for well intervention in water depths to 325 feet (100 meters). Each ESV unit (two are under construction) combines capabilities of a jackup platform, an ocean-going vessel, a workover drilling rig, heavy-lift cranes and an offshore accommodations platform in a single package. Launching the vessel onto the barge allows its three 3,500-HP thrusters to be installed and further commissioning work to continue prior to moving the unit downstream to another COSCO shipyard where the remaining sections of its 425-foot (130-meter) legs can be installed. These are the last steps before the vessel enters sea trials for an expected March 2009 delivery. Elevating Support Vessel (ESV™) units are self-propelled jack-up well intervention vessels rated for service in 325 ft (100m) water depths, carrying a dedicated electric workover rig. Remedial Offshore's innovative ESV™ concept offers offshore oil & gas operators a unique way to combine the capabilities of jack-up rigs with the self-contained efficiencies of ocean-going vessels.
Subsea damage leaves Galoc unplugged
Otto said in a statement that part of the detachable mooring and riser system had been damaged when the field’s floating production, storage and offloading vessel Rubicon Intrepid had disconnected earlier this month. Otto said the vessel had been disconnected from the field “due to a combination of events including adverse weather conditions”. Tropical Cyclone Billy passed through the area earlier this month. However, the company had said at the time it had lined up a remotely operated vehicle to inspect the subsea equipment while the FPSO was disconnected. Otto said a subsea survey by the floater’s owner, Rubicon Offshore International, had found a “partially detached” component that would need to be repaired before production can recommence. It said the Rubicon Maverick would sail from
2008 the 'best year ever' for tanker owners
2008 has been ‘the best year ever’ for tanker owners, according to leading broker RS Platou.
According to its tanker index, which is derived from six different sizes of crude and product carriers, average daily earnings for owners were $64,000. This figure is marginally higher than 2004 levels which previously held the record, stated an RS Platou report. The report pegged suezmax and aframax earnings for this year at $67,200 and $49,800 per day respectively. According to the Norwegian brokerage, both product and chemical tanker rates “have bucked the general trend in shipping of slumping returns, particularly in the dry-bulk and container shipping sectors,” reports said. Other brokers Tankerworld spoke to said they agreed with the report from RS Platou. They said 2008 saw several instances of counter-seasonal strength in spot tanker rates which pushed earnings for many owners to record levels. This counter-seasonal strength in spot rates has been attributed to heightened oil demand from the
Enterprise repairs High Island Offshore System
Federal regulators have approved
