OSLO: Songa Offshore ASA signed a contract with CNOOC Africa Ltd. for the drilling of one well offshore Equatorial Guinea.
The contract will commence after the rig's current drilling campaign in Libya, which is expected to be completed in late 2009. Before starting the mobilization, Songa Saturn will complete its planned upgrade of the rig from 3,300 feet (1,016 m) to 3,800 feet (1,170 m) water depth capacity. This work is likely to be carried out in Malta directly after the ongoing campaigns in Libya. The contract has an estimated value of US$30 million inclusive of mobilization. The contract has demobilization alternatives for both West Africa and Malta.
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Monday, September 29, 2008
Bollinger to build up to 34 vessels for US Coast Guard
The United States Coast Guard (USCG) has selected Bollinger Shipyards to design and construct up to 34 new fast response cutter (FRC) vessels.
The new generation of patrol boats will belong to the Sentinel Class and will replace the Coast Guard’s present Island-class of cutters which Bollinger built almost 25 years ago. Bollinger CEO and Chairman of the Board, Donald “Boysie” Bollinger said he was pleased to have won the contract. “It will mean so much for our employees,” he said. Mr Bollinger went on to say that the program, which is expected to last for approximately ten years for all 34 boats, would provide employment for approximately 500 people at Bollinger Shipyards. The Bollinger design for the craft is based on a parent craft concept using a modern hull form that was originally developed by Damen Shipyards in the Netherlands. “We have had an excellent relationship with Damen for the last ten years.” said Mr Bollinger. “We are currently completing another contract for the USCG, Marine Protector Class Patrol Boats, with the 75th patrol boat being delivered next year. That hull design was also based on a successful Damen design.” The new vessels will measure 46.7 metres by 7.7 metres by 2.6 metres and will be powered by two TIER II diesel engines rated at 4,295kW. The vessel will accommodate a crew of 22 for up to five days at sea. The cutter’s missions will include search and rescue, drug and illegal migrant interdiction, homeland security and maritime defence.
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The new generation of patrol boats will belong to the Sentinel Class and will replace the Coast Guard’s present Island-class of cutters which Bollinger built almost 25 years ago. Bollinger CEO and Chairman of the Board, Donald “Boysie” Bollinger said he was pleased to have won the contract. “It will mean so much for our employees,” he said. Mr Bollinger went on to say that the program, which is expected to last for approximately ten years for all 34 boats, would provide employment for approximately 500 people at Bollinger Shipyards. The Bollinger design for the craft is based on a parent craft concept using a modern hull form that was originally developed by Damen Shipyards in the Netherlands. “We have had an excellent relationship with Damen for the last ten years.” said Mr Bollinger. “We are currently completing another contract for the USCG, Marine Protector Class Patrol Boats, with the 75th patrol boat being delivered next year. That hull design was also based on a successful Damen design.” The new vessels will measure 46.7 metres by 7.7 metres by 2.6 metres and will be powered by two TIER II diesel engines rated at 4,295kW. The vessel will accommodate a crew of 22 for up to five days at sea. The cutter’s missions will include search and rescue, drug and illegal migrant interdiction, homeland security and maritime defence.
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COSCO to Deliver FPSO Conversion for Petrobras' Campos Basin Ops
Since March 2007, COSCO Dalian Shipyard has signed 4 tanker-based FPSO conversion projects with MODEC.
One of these, "SONG DOC PRIED MV19" has already been delivered to TSJOC, and another VLCC, "Apollo Shoju," has been renamed. On September 10, 2008, the Naming Ceremony for the Petrobras Opportunity Oil FPSO Conversion was held in COSCO Dalian Shipyard. During the ceremony, "Apollo Shoju" was renamed as "FPSO Cidade de Niteroi MV18." After delivery, the FPSO will join the Petrobras fleet in the Campos Basin. Kenji Yamada, President of MODEC, Figueiredo & Sanches, Executive Managers from Petrobras, and Wang Xingru, President of COSCO Shipyard Group, witnessed the ceremony. The work scope for this VLCC conversion included repair & life extension, specialist FPSO structure construction, topsides module installation and integration, as well the fitting of steel structure, cable pulling and piping work. Up to now, COSCO Dalian Shipyard has achieved outstanding safety results; a total of 4 million man hours have been spent on the two MODEC projects without any time being lost due to injury.
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One of these, "SONG DOC PRIED MV19" has already been delivered to TSJOC, and another VLCC, "Apollo Shoju," has been renamed. On September 10, 2008, the Naming Ceremony for the Petrobras Opportunity Oil FPSO Conversion was held in COSCO Dalian Shipyard. During the ceremony, "Apollo Shoju" was renamed as "FPSO Cidade de Niteroi MV18." After delivery, the FPSO will join the Petrobras fleet in the Campos Basin. Kenji Yamada, President of MODEC, Figueiredo & Sanches, Executive Managers from Petrobras, and Wang Xingru, President of COSCO Shipyard Group, witnessed the ceremony. The work scope for this VLCC conversion included repair & life extension, specialist FPSO structure construction, topsides module installation and integration, as well the fitting of steel structure, cable pulling and piping work. Up to now, COSCO Dalian Shipyard has achieved outstanding safety results; a total of 4 million man hours have been spent on the two MODEC projects without any time being lost due to injury.
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Sinotrans and Changjiang Shipping will merge by year end
Hamburg: The proposed merger between two Chinese transport giants, Changjiang Shipping and Sinotrans, will happen by year end.
Sinotrans, China’s leading logistics player will absorb the Yangtze shipping firm as part of the government’s aim to consolidate maritime firms. As well as bulkers and tankers Changjiang Shipping has four shipyards and an emerging marine equipment park.
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Sinotrans, China’s leading logistics player will absorb the Yangtze shipping firm as part of the government’s aim to consolidate maritime firms. As well as bulkers and tankers Changjiang Shipping has four shipyards and an emerging marine equipment park.
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ClassNK releases its Annual Report on Port State Control for 2007
Nippon Kaiji Kyokai (ClassNK) announces the release of its Annual Report on Port State Control for 2007.
Port State Control (PSC) has proven to be a very effective tool in reducing the number of substandard ships as well as for improving maritime safety and pollution prevention generally. In recent years, there has been a significant increase in PSC activity worldwide, in concert with a number of amendments to relevant international conventions such as SOLAS and MARPOL, as well as the ISM Code and other relevant statutory requirements. ClassNK has been working hard to increase the transparency of information related to PSC issues and to make it even more difficult for substandard ships to continue operating in the market place. As part of its commitment to this transparency, ClassNK publishes an annual report on PSC related activities. This report summarizes the various types of deficiencies identified by PSC inspections carried out in various countries around the world. The report is prepared with the aim of building awareness of the present state of PSC as well as of improving future maintenance and surveys.
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Port State Control (PSC) has proven to be a very effective tool in reducing the number of substandard ships as well as for improving maritime safety and pollution prevention generally. In recent years, there has been a significant increase in PSC activity worldwide, in concert with a number of amendments to relevant international conventions such as SOLAS and MARPOL, as well as the ISM Code and other relevant statutory requirements. ClassNK has been working hard to increase the transparency of information related to PSC issues and to make it even more difficult for substandard ships to continue operating in the market place. As part of its commitment to this transparency, ClassNK publishes an annual report on PSC related activities. This report summarizes the various types of deficiencies identified by PSC inspections carried out in various countries around the world. The report is prepared with the aim of building awareness of the present state of PSC as well as of improving future maintenance and surveys.
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Sunday, September 28, 2008
Chavez to tie knot with Russia
Venezuela and Russia plan to sign an agreement that would create one of the largest oil consortiums in the world, Venezuela's President Hugo Chavez said during a state visit to Moscow.
The consortium would be formed by Venezuela's state oil company PDVSA and its Russian counterpart Gazprom, state news agency ABN reported. The joint venture would make "high level" investments in the energy sector, Chavez said. Gazprom announced last week its involvement in one of three liquefied natural gas trains being developed in the country. The company is also part of a joint venture that was awarded two new natural gas blocks to provide gas to the train, a BNamericas report said. Chavez arrived in Moscow after a brief visit to China, where he also signed a number of energy-related agreements. The two countries also promised to expand other industrial ties. One industry analyst told the news agency that Chavez' moves in Russia could be part of a "dangerous political game". "Russia is now playing some of the old cold war cards to make life for the US as difficult as possible," the analyst said, suggesting it may be Russia using Venezuela and not vice-versa. "It's returning to military and industrial involvement in South and Central America to give the US headaches." Chavez's new alliances with Russia come as relations between Russia and the Western world are tense because of violence and political disturbances in Georgia and other former Soviet republics. "Chavez is playing a dangerous game. Until now he has not been any significant threat to US interests," the analyst added. "But by playing with ... the Russians, it could end up being very dangerous for all Venezuelans."
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The consortium would be formed by Venezuela's state oil company PDVSA and its Russian counterpart Gazprom, state news agency ABN reported. The joint venture would make "high level" investments in the energy sector, Chavez said. Gazprom announced last week its involvement in one of three liquefied natural gas trains being developed in the country. The company is also part of a joint venture that was awarded two new natural gas blocks to provide gas to the train, a BNamericas report said. Chavez arrived in Moscow after a brief visit to China, where he also signed a number of energy-related agreements. The two countries also promised to expand other industrial ties. One industry analyst told the news agency that Chavez' moves in Russia could be part of a "dangerous political game". "Russia is now playing some of the old cold war cards to make life for the US as difficult as possible," the analyst said, suggesting it may be Russia using Venezuela and not vice-versa. "It's returning to military and industrial involvement in South and Central America to give the US headaches." Chavez's new alliances with Russia come as relations between Russia and the Western world are tense because of violence and political disturbances in Georgia and other former Soviet republics. "Chavez is playing a dangerous game. Until now he has not been any significant threat to US interests," the analyst added. "But by playing with ... the Russians, it could end up being very dangerous for all Venezuelans."
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Saudi Arabia to invest USD 318 billion in energy sector
Zawya reported that Kingdom of Saudi Arabia is forecast to invest around USD 318 billion in energy over the next few years as massive infrastructural developments are in full swing brought about by economic reforms and huge oil revenues amid high crude prices in the global markets.
A recent study by Kuwait Financial Centre forwarded to the Saudi Gazette said that a breakdown of the figure shows that allocation to petrochemical projects totals USD 90 billion, the same amount is assigned to power generation, USD 88 billion is earmarked for water desalination plant projects and USD 50 billion is appropriated for natural gas related projects. Markaz said that to achieve this target, the authorities would have to present several joint projects to the private sector, local and foreign in order to increase power generation capacity. The study said that the petrochemicals sector is driven by either proximity to market or large scale projects which take advantage of low cost, secure oil and gas supplies. These factors in turn have made the Kingdom one of the world's strategic hubs for petrochemicals. These competitive advantages are now likely to be joined by a number of highly integrated refining and petrochemical investments which will develop and strengthen the industry. It added that "capacities after 2008 based on current planned projects may not be met due to the restriction on inputs supply unless the gas production capacity is substantially increased."
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A recent study by Kuwait Financial Centre forwarded to the Saudi Gazette said that a breakdown of the figure shows that allocation to petrochemical projects totals USD 90 billion, the same amount is assigned to power generation, USD 88 billion is earmarked for water desalination plant projects and USD 50 billion is appropriated for natural gas related projects. Markaz said that to achieve this target, the authorities would have to present several joint projects to the private sector, local and foreign in order to increase power generation capacity. The study said that the petrochemicals sector is driven by either proximity to market or large scale projects which take advantage of low cost, secure oil and gas supplies. These factors in turn have made the Kingdom one of the world's strategic hubs for petrochemicals. These competitive advantages are now likely to be joined by a number of highly integrated refining and petrochemical investments which will develop and strengthen the industry. It added that "capacities after 2008 based on current planned projects may not be met due to the restriction on inputs supply unless the gas production capacity is substantially increased."
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