London-based international engineering and project management company AMEC and the marine heavy lifting company SeaMetric International have signed a cooperation agreement to provide a new international offshore decommissioning service for clients.
Neil Bruce, CEO of AMEC’s Natural Resources division, said: “The market for the decommissioning of offshore oil facilities is huge and working with SeaMetric will enable us to enhance our portfolio of asset support services to provide an integrated “end-of-life” solution.” SeaMetric’s Managing Director, Johan F. Andresen, added: “Cooperation with AMEC is a major step towards realizing the potential of [Twin Marine Lifter projects], particularly in the North Sea platform decommissioning market.”
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Saturday, October 18, 2008
Aegean Marine Petroleum Network Inc. to Expand Presence in the Caribbean
Aegean Marine Petroleum Network Inc. announced that it will be establishing business operations in Trinidad and Tobago, expanding its presence to the southern Caribbean.
Aegean is in the process of setting up its local logistics infrastructure and expects to commence operations by the end-of-the first quarter, 2009. E. Nikolas Tavlarios, President, commented, "We are pleased to once again expand Aegean's global platform by entering into a strategically important market. Trinidad and Tobago, located in the southern Caribbean and bordering the northeast coast of South America, is a significant transshipment hub which lies along major shipping lanes connecting South America to the Panama Canal, Caribbean, and the U.S. Gulf. Ships sailing through these waters encompass all sectors of the industry, including tanker, container, general cargo, drybulk, chemical, and gas carrier." Mr. Tavlarios continued, "We believe Aegean's leading reputation for providing quality product and service, successful track record in developing new markets, and expansive logistics infrastructure will help establish Trinidad and Tobago as a major bunkering destination in the southern Caribbean. Trinidad and Tobago is a party to the IMO MARPOL Regulation and requires all bunkering tankers entering the market to be double-hull." Mr. Tavlarios concluded.
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Aegean is in the process of setting up its local logistics infrastructure and expects to commence operations by the end-of-the first quarter, 2009. E. Nikolas Tavlarios, President, commented, "We are pleased to once again expand Aegean's global platform by entering into a strategically important market. Trinidad and Tobago, located in the southern Caribbean and bordering the northeast coast of South America, is a significant transshipment hub which lies along major shipping lanes connecting South America to the Panama Canal, Caribbean, and the U.S. Gulf. Ships sailing through these waters encompass all sectors of the industry, including tanker, container, general cargo, drybulk, chemical, and gas carrier." Mr. Tavlarios continued, "We believe Aegean's leading reputation for providing quality product and service, successful track record in developing new markets, and expansive logistics infrastructure will help establish Trinidad and Tobago as a major bunkering destination in the southern Caribbean. Trinidad and Tobago is a party to the IMO MARPOL Regulation and requires all bunkering tankers entering the market to be double-hull." Mr. Tavlarios concluded.
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IMO upbeat on work to reduce Greenhouse Gas emissions from ships
Singapore: IMO secretary-general Efthimios Mitropolous delivered the second annual Singapore Maritime Lecture this week, the first having been given last year by the republic's minister mentor Mr Lee Kuan Yew.
Addressing the topic of 'Climate Change and International Shipping,' Mitropoulos gave an update on IMO work on reduction of the emission of Greenhouse Gases (GHG) from ships following the successful work carried out early this year on reducing other emissions such as SOx in the revision of Marpol Annex VI. 'IMO has also given ample consideration to this (GHG) matter, given the mandate that the Organization has, through the United Nations Framework Convention on Climate Change " the UNFCCC " and its Kyoto Protocol, to pursue the limitation or reduction of emissions of greenhouse gases from ships, said Mitropoulos. 'We have established an ambitious but achievable action plan to that end and are now working towards the development and adoption of a robust regime that will regulate shipping at the global level and contribute to the slowing down of climate change. 'In particular, much progress has been made this year by the MEPC and in intersessional meetings on items such as the development of the Interim Guidelines for an Energy Efficiency Design Index for new ships, an Energy Efficiency Operational Index and best practices for fuel efficient operation of ships throughout the industry.
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Addressing the topic of 'Climate Change and International Shipping,' Mitropoulos gave an update on IMO work on reduction of the emission of Greenhouse Gases (GHG) from ships following the successful work carried out early this year on reducing other emissions such as SOx in the revision of Marpol Annex VI. 'IMO has also given ample consideration to this (GHG) matter, given the mandate that the Organization has, through the United Nations Framework Convention on Climate Change " the UNFCCC " and its Kyoto Protocol, to pursue the limitation or reduction of emissions of greenhouse gases from ships, said Mitropoulos. 'We have established an ambitious but achievable action plan to that end and are now working towards the development and adoption of a robust regime that will regulate shipping at the global level and contribute to the slowing down of climate change. 'In particular, much progress has been made this year by the MEPC and in intersessional meetings on items such as the development of the Interim Guidelines for an Energy Efficiency Design Index for new ships, an Energy Efficiency Operational Index and best practices for fuel efficient operation of ships throughout the industry.
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Friday, October 17, 2008
AXA Corporate Solutions upgrades Singapore operations
Insurance giant AXA Group subsidiary AXA Corporate Solutions has received approval from Monetary Authority of Singapore to upgrade its offices in the Lion City to a branch.
AXA Corporate Solutions Assurance Singapore Branch is now able to write all lines of general insurance in Singapore and enjoys the Standard & Poor’s rating of AA enjoyed by its parent group. AXA has been active for eight years in Singapore’s marine sector and currently writes an estimated $100 million in the region in marine and aviation coverages. The announcement comes during Singapore Maritime Week when a number of high-profile events will boost Singapore’s ambition of being recognized as an important international shipping centre. “This next stage in our development confirms our total commitment to Asia, and with the financial strength and re-affirmed S&P rating of AA for AXA Corporate Solutions, this will provide the absolute security and peace of mind demanded by our customers in Asia,” said Mike Davies, Singapore branch CEO.
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AXA Corporate Solutions Assurance Singapore Branch is now able to write all lines of general insurance in Singapore and enjoys the Standard & Poor’s rating of AA enjoyed by its parent group. AXA has been active for eight years in Singapore’s marine sector and currently writes an estimated $100 million in the region in marine and aviation coverages. The announcement comes during Singapore Maritime Week when a number of high-profile events will boost Singapore’s ambition of being recognized as an important international shipping centre. “This next stage in our development confirms our total commitment to Asia, and with the financial strength and re-affirmed S&P rating of AA for AXA Corporate Solutions, this will provide the absolute security and peace of mind demanded by our customers in Asia,” said Mike Davies, Singapore branch CEO.
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Indonesia unlocks 22 new blocks
Indonesia has awarded oil and gas exploration rights on 22 blocks to energy companies including US supermajors Chevron and ConcoPhillips, a senior mines and energy ministry official said.
Indonesia has turned into a net importer of crude in recent years as it has failed to tap new fields fast enough to replace declining production from ageing wells. It has been offering new exploration rights and financial incentives for exploration in a bid to stem its steady production decline. Evita Legowo, a director general at the energy ministry, said the government has awarded offshore and onshore West Papua 1 and West Papua 3 oil and gas blocks to Chevron Indonesia. She said Indonesia has also awarded exploration rights to ConcoPhillips for the offshore Arafura Sea Block in the Mollucas. "The prospects for findings hydrocarbons are still good in Indonesia, but we have to see the exploration acitivities first before determine the findings," Legowo told reporters. She said total investment for these blocks could reach around $308 million for the first three years. Indonesia also awarded oil and gas exploration rights to offshore North Sumbawa 2 Block, in Nusatenggara, to Husky Energy. A consortium of Marathon Indonesia, a unit of US independent Marathon Oil and Kaizan Oil were awarded exploration rights in offshore and onshore Bone Bay block in Sulawesi.
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Indonesia has turned into a net importer of crude in recent years as it has failed to tap new fields fast enough to replace declining production from ageing wells. It has been offering new exploration rights and financial incentives for exploration in a bid to stem its steady production decline. Evita Legowo, a director general at the energy ministry, said the government has awarded offshore and onshore West Papua 1 and West Papua 3 oil and gas blocks to Chevron Indonesia. She said Indonesia has also awarded exploration rights to ConcoPhillips for the offshore Arafura Sea Block in the Mollucas. "The prospects for findings hydrocarbons are still good in Indonesia, but we have to see the exploration acitivities first before determine the findings," Legowo told reporters. She said total investment for these blocks could reach around $308 million for the first three years. Indonesia also awarded oil and gas exploration rights to offshore North Sumbawa 2 Block, in Nusatenggara, to Husky Energy. A consortium of Marathon Indonesia, a unit of US independent Marathon Oil and Kaizan Oil were awarded exploration rights in offshore and onshore Bone Bay block in Sulawesi.
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Groundbreaking for New LNG Terminal in Mississippi
The ceremonial groundbreaking occurred yesterday for the Gulf LNG Clean Energy project located southeast of Pascagoula on the Pascagoula Bayou Casotte Ship Channel.
When completed, the liquefied natural gas terminal will enable 150 tankers per year to deliver natural gas from Africa. The project is scheduled for completion in late 2011 and is estimated to cost $1.1 billion. The project owners are El Paso (50%), The Crest Group (30%), and a subsidiary of the state-owned oil company of Angola, Sonangol USA (20 percent). The LNG terminal will have two storage tanks, with a combined capacity of 6.6 Bcf. The project includes approximately 5 miles of 36-inch diameter pipeline that will enable deliveries from the terminal to interstate pipelines, including Gulfstream, Destin, Florida Gas Transmission and Transco. The delivery capacity from the terminal to the interstate pipeline system will be approximately 1.3 Bcf/day. The project was first announced in 2004 and received approval from the Federal Energy Regulatory Commission (FERC) in February 2007.
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When completed, the liquefied natural gas terminal will enable 150 tankers per year to deliver natural gas from Africa. The project is scheduled for completion in late 2011 and is estimated to cost $1.1 billion. The project owners are El Paso (50%), The Crest Group (30%), and a subsidiary of the state-owned oil company of Angola, Sonangol USA (20 percent). The LNG terminal will have two storage tanks, with a combined capacity of 6.6 Bcf. The project includes approximately 5 miles of 36-inch diameter pipeline that will enable deliveries from the terminal to interstate pipelines, including Gulfstream, Destin, Florida Gas Transmission and Transco. The delivery capacity from the terminal to the interstate pipeline system will be approximately 1.3 Bcf/day. The project was first announced in 2004 and received approval from the Federal Energy Regulatory Commission (FERC) in February 2007.
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Petrobras Standardizes on Intergraph 3D Technology
Petroleo Brasileiro SA will standardize on Intergraph's SmartPlant Enterprise 3D modeling software for the design, production and life cycle optimization of its offshore platforms and floating production, storage and offloading (FPSO) vessels.
The world’s eighth largest oil company and a longtime Intergraph customer, Petrobras will completely adopt SmartPlant® 3D modeling and visualization, engineering and schematics, information and materials management, and project controls solutions to enable Petrobras to develop, operate and maintain its fixed offshore drilling platforms, semi-submersibles and FPSOs. Petrobras has already used Intergraph solutions for 10 FPSOs, four semisubmersible floating production platforms, one gas platform and one re-pumping platform. Sisgraph, Intergraph’s Brazil-based distribution partner, will continue to support Intergraph offshore engineering solutions for Petrobras. Petrobras is expanding its capacity to produce offshore structures and vessels so that it may tap the potential of a new discovery in the Gulf of Mexico and the ultra-deep Tupi and Santos Basin megafields off the coast of Brazil, which are among the largest in the world.
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The world’s eighth largest oil company and a longtime Intergraph customer, Petrobras will completely adopt SmartPlant® 3D modeling and visualization, engineering and schematics, information and materials management, and project controls solutions to enable Petrobras to develop, operate and maintain its fixed offshore drilling platforms, semi-submersibles and FPSOs. Petrobras has already used Intergraph solutions for 10 FPSOs, four semisubmersible floating production platforms, one gas platform and one re-pumping platform. Sisgraph, Intergraph’s Brazil-based distribution partner, will continue to support Intergraph offshore engineering solutions for Petrobras. Petrobras is expanding its capacity to produce offshore structures and vessels so that it may tap the potential of a new discovery in the Gulf of Mexico and the ultra-deep Tupi and Santos Basin megafields off the coast of Brazil, which are among the largest in the world.
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