Jorge Luiz Zelada, Petrobras International director, however, said there would be no cancelation of any international project, nor the return of blocks in the Gulf of Mexico to switch investment to sub-salt deposits. "Our international investments are maintained at the same level as last year," he said. Petrobras plans to spend $15.9 billion in the international area, said a Dow Jones Newswire. Some 79% will be set aside for exploration and production, 8% in gas and energy, 7% in refining and petrochemicals and 5% in distribution, the Estado news agency reported today. The diversion of a rig to drill in Tupi field in the Santos basin, off the coast of Sao Paulo State, would cause the main delay of drilling in the Gulf of Mexico. That rig originally was intended to drill in deep waters off Mexico. Zelada said that, notwithstanding Petrobras investment priorities in sub-salt and refining, the company would still seek opportunities abroad. The rise in output abroad will come from Gulf of Mexico fields Cascade and Chinook, which will be on-stream in 2010 and should produce 100,000 bpd, he said. Petrobras also expects production to start in its second Nigerian field in 2010.
Saturday, February 14, 2009
Petrobras stalls US Gulf operations
Brazil's state-run Petrobras will delay exploration of some blocks in the Gulf of Mexico, so as to give priority to Brazil's sub-salt projects.
Jorge Luiz Zelada, Petrobras International director, however, said there would be no cancelation of any international project, nor the return of blocks in the Gulf of Mexico to switch investment to sub-salt deposits. "Our international investments are maintained at the same level as last year," he said. Petrobras plans to spend $15.9 billion in the international area, said a Dow Jones Newswire. Some 79% will be set aside for exploration and production, 8% in gas and energy, 7% in refining and petrochemicals and 5% in distribution, the Estado news agency reported today. The diversion of a rig to drill in Tupi field in the Santos basin, off the coast of Sao Paulo State, would cause the main delay of drilling in the Gulf of Mexico. That rig originally was intended to drill in deep waters off Mexico. Zelada said that, notwithstanding Petrobras investment priorities in sub-salt and refining, the company would still seek opportunities abroad. The rise in output abroad will come from Gulf of Mexico fields Cascade and Chinook, which will be on-stream in 2010 and should produce 100,000 bpd, he said. Petrobras also expects production to start in its second Nigerian field in 2010.Read More
Jorge Luiz Zelada, Petrobras International director, however, said there would be no cancelation of any international project, nor the return of blocks in the Gulf of Mexico to switch investment to sub-salt deposits. "Our international investments are maintained at the same level as last year," he said. Petrobras plans to spend $15.9 billion in the international area, said a Dow Jones Newswire. Some 79% will be set aside for exploration and production, 8% in gas and energy, 7% in refining and petrochemicals and 5% in distribution, the Estado news agency reported today. The diversion of a rig to drill in Tupi field in the Santos basin, off the coast of Sao Paulo State, would cause the main delay of drilling in the Gulf of Mexico. That rig originally was intended to drill in deep waters off Mexico. Zelada said that, notwithstanding Petrobras investment priorities in sub-salt and refining, the company would still seek opportunities abroad. The rise in output abroad will come from Gulf of Mexico fields Cascade and Chinook, which will be on-stream in 2010 and should produce 100,000 bpd, he said. Petrobras also expects production to start in its second Nigerian field in 2010.
Oman has no plans to cut oil production
Oman has no plans to cut oil production this year, said a top oil and gas ministry official after the country managed to arrest six-year production decline.
"We plan to increase the daily production of crude oil and condensates from 757,000 bpd in 2008 to 805,000 bpd this year," Nasser Bin Khamis Al Jasmi, Under-Secretary for Oil and Gas, said in his speech during the annual Petroleum Development Oman (PDO) media briefing at the Oil and Gas Exhibition Centre. He added that the ministry's efforts over the past years, together with those of the PDO and other oil companies operating in the country led to Oman's crude oil and condensates' production rising from 710,000 bpd in 2007 to 757,000 bpd last year. The undersecretary also pointed out that the oil and gas sector, as any other economic sector, was affected negatively or positively by the world market fluctuations. Al Jasmi pledged that the oil and gas sector in Oman will go ahead with projects that have been committed earlier.Read More
"We plan to increase the daily production of crude oil and condensates from 757,000 bpd in 2008 to 805,000 bpd this year," Nasser Bin Khamis Al Jasmi, Under-Secretary for Oil and Gas, said in his speech during the annual Petroleum Development Oman (PDO) media briefing at the Oil and Gas Exhibition Centre. He added that the ministry's efforts over the past years, together with those of the PDO and other oil companies operating in the country led to Oman's crude oil and condensates' production rising from 710,000 bpd in 2007 to 757,000 bpd last year. The undersecretary also pointed out that the oil and gas sector, as any other economic sector, was affected negatively or positively by the world market fluctuations. Al Jasmi pledged that the oil and gas sector in Oman will go ahead with projects that have been committed earlier.
Successful premiere in a difficult economic environment
SMM Istanbul attracts more than 4,000 trade visitors from 66 nations.
The first SMM Istanbul, from 21 to 23 January 2009, set high international standards with more than 4,000 trade visitors from 66 nations and 150 exhibitors from 30 nations. “The premiere was a success, despite the difficult economic environment in a financial crisis which has just now hit the shipbuilding industry’s order books in full force,” said Bernd Aufderheide, CEO of Hamburg Messe und Congress GmbH (HMC), in his summary of the first SMM event abroad. “We would like to thank our Turkish partner Goca Fuar Kongre ve Sergi Hizmetleri Ltd.Şti (Goca Exhibitions), who organised this international trade fair together with us at the centrally located Istanbul site Lütfi Kirdar Convention & Exhibition Centre (ICEC) and implemented the technical concept.” The overall view of Fatih Goca was that “The first SMM Istanbul was much more than a successful launch. We had satisfied exhibitors including the major industry-leading companies; we had international trade visitors and a high-calibre supporting programme which was just right for this event. All of that has laid the foundations for a successful future for this shipbuilding fair, which will in future be held in larger, more modern halls, once the ICEC site has been completed.” Peter Bergleiter, SMM Project Director, added “Like any kick-off event, SMM Istanbul had to face a lot of challenges, but handled them all successfully thanks to the commitment of everyone involved. We are already starting our planning for 2011, with plenty of new ideas, new experience and new contacts!”. The second SMM Istanbul, shipbuilding, machinery & marine technology trade fair Istanbul, will be held at the centrally located site Lütfi Kirdar Convention & Exhibition Centre (ICEC) Istanbul from 26 to 28 January 2011.Read More
The first SMM Istanbul, from 21 to 23 January 2009, set high international standards with more than 4,000 trade visitors from 66 nations and 150 exhibitors from 30 nations. “The premiere was a success, despite the difficult economic environment in a financial crisis which has just now hit the shipbuilding industry’s order books in full force,” said Bernd Aufderheide, CEO of Hamburg Messe und Congress GmbH (HMC), in his summary of the first SMM event abroad. “We would like to thank our Turkish partner Goca Fuar Kongre ve Sergi Hizmetleri Ltd.Şti (Goca Exhibitions), who organised this international trade fair together with us at the centrally located Istanbul site Lütfi Kirdar Convention & Exhibition Centre (ICEC) and implemented the technical concept.” The overall view of Fatih Goca was that “The first SMM Istanbul was much more than a successful launch. We had satisfied exhibitors including the major industry-leading companies; we had international trade visitors and a high-calibre supporting programme which was just right for this event. All of that has laid the foundations for a successful future for this shipbuilding fair, which will in future be held in larger, more modern halls, once the ICEC site has been completed.” Peter Bergleiter, SMM Project Director, added “Like any kick-off event, SMM Istanbul had to face a lot of challenges, but handled them all successfully thanks to the commitment of everyone involved. We are already starting our planning for 2011, with plenty of new ideas, new experience and new contacts!”. The second SMM Istanbul, shipbuilding, machinery & marine technology trade fair Istanbul, will be held at the centrally located site Lütfi Kirdar Convention & Exhibition Centre (ICEC) Istanbul from 26 to 28 January 2011.
Global LNG fleet to continue growing in 2009
An LNG vessel under construction at DSME, Korea.
During this decade the LNG shipping industry has enjoyed an average growth rate of eight percent a year, Norway-based ship research and analysis company RS Platou’s preliminary estimates have suggested. RS Platou said that the biggest contributor for the increase has been the upsurge in arbitrage trade between the Atlantic and Pacific basin. According to their numbers, the global LNG fleet swelled by 22 percent in 2008, with a record high of 54 vessels delivered. However, only eight new build contracts were inked in 2008 and one Japanese shipyard received a conversion contract. “At the end of 2008, the order book amounted to 80 LNG carriers, of which more than half are due for delivery in 2009,” said the report.Read More
During this decade the LNG shipping industry has enjoyed an average growth rate of eight percent a year, Norway-based ship research and analysis company RS Platou’s preliminary estimates have suggested. RS Platou said that the biggest contributor for the increase has been the upsurge in arbitrage trade between the Atlantic and Pacific basin. According to their numbers, the global LNG fleet swelled by 22 percent in 2008, with a record high of 54 vessels delivered. However, only eight new build contracts were inked in 2008 and one Japanese shipyard received a conversion contract. “At the end of 2008, the order book amounted to 80 LNG carriers, of which more than half are due for delivery in 2009,” said the report.
Friday, February 13, 2009
Gulf Oil Marine Ltd welcomes Aegean Marine Petroleum Network Inc into the Sealub Alliance Network
Following the signature on 2nd February 2009 of a strategic partnership between Gulf Oil Marine Ltd and Aegean Marine Petroleum Network Inc, the Sealub Alliance Marine Lubricants Network covers 500 ports in more than 50 countries and looks for much wider coverage before mid-2009.
Founded by Gulf Oil Marine in 2008, the marine lubricants Sealub Alliance network aims at providing the Shipping Industry with performant and cost effective lubrication solutions and Expert customer and technical services on the long term. Acting as a stakeholder of Shipping and focusing on engines performance and smooth operation of their business partners vessels, the Sealub Alliance network has the target of achieving the widest and most effective geographical coverage within 2009. Strongly anchored to the Shipping Industry on the long term and favoring innovation, problem solving and global lubrication alternatives and research, the Members of the Sealub Alliance network are able to pool their respective expertise, particular knowledge and strengths to the ultimate benefit of their customers ' assets and are comitted to bring value to the Shipping community they proudly serve. By mid-2009, Sealub Alliance is commited to enhance its marine lubes products and services geographical coverage to 750 ports in more than 60 countries through natural expansion of its present Members and by welcoming new Members.
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Keppel FELS delivers fifth Aban jackup drilling rig
Keppel FELS, Singapore, has delivered the jackup drilling rig, ‘Deep Driller 8’, to Aban Singapore.
‘Deep Driller 8’ is the fifth unit to be delivered in a series of five KFELS Super B Class rigs for Aban since 2006. The KFELS Super B Class design is one of the world’s deepest drilling rigs, with capabilities for drilling high pressure, high temperature wells up to 10,670 metre at 10.7-metre water depth.
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‘Deep Driller 8’ is the fifth unit to be delivered in a series of five KFELS Super B Class rigs for Aban since 2006. The KFELS Super B Class design is one of the world’s deepest drilling rigs, with capabilities for drilling high pressure, high temperature wells up to 10,670 metre at 10.7-metre water depth.
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Philippines increasingly popular destination to lay up ships
Manila: A growing number of foreign shipping companies looking to cut costs amid a global slowdown in trade are laying up their ships in Philippine ports, maritime officials said.
The trend became apparent this year, Maritime Industry Authority Administrator Elena Bautista said, adding Philippine ports were attractive because of their wide bays. Also the location of the country - in the centre of key shipping lanes - makes it easy for companies to redeploy ships when necessary. The vessels could be parked for three to six months, she said, noting that Subic Bay was already full of ships that had been laid up. The Subic Bay Metropolitan Authority confirmed that 22 vessels there were waiting out the recession. On Malalag Bay in Davao del Sur, Greek-flagged carrier ZIM Shipping Lines had laid up five of its ships, while an Israeli company planned to park 10 of its vessels on Pujada Bay, Bautista said. The two bays in Davao can accommodate as many as 100 ships for a daily rate of $90 to $120 per vessel. Philippine Ports Authority general manager Oscar Sevilla said one company was discussing its plan to lay up 10 vessels at the South Harbor in Manila Bay. Many classification societies have produced guides to laying up ships, all of which are available on their websites and are reccommended reading.Read More
The trend became apparent this year, Maritime Industry Authority Administrator Elena Bautista said, adding Philippine ports were attractive because of their wide bays. Also the location of the country - in the centre of key shipping lanes - makes it easy for companies to redeploy ships when necessary. The vessels could be parked for three to six months, she said, noting that Subic Bay was already full of ships that had been laid up. The Subic Bay Metropolitan Authority confirmed that 22 vessels there were waiting out the recession. On Malalag Bay in Davao del Sur, Greek-flagged carrier ZIM Shipping Lines had laid up five of its ships, while an Israeli company planned to park 10 of its vessels on Pujada Bay, Bautista said. The two bays in Davao can accommodate as many as 100 ships for a daily rate of $90 to $120 per vessel. Philippine Ports Authority general manager Oscar Sevilla said one company was discussing its plan to lay up 10 vessels at the South Harbor in Manila Bay. Many classification societies have produced guides to laying up ships, all of which are available on their websites and are reccommended reading.
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