Italian offshore contractor Saipem and Petrobel have negotiated an offshore contract addendum worth more than $1.2 billion.Saipem’s S7000 vessel; Image by DamenSaipem said on Thursday that the contract is for engineering, procurement, construction and installation (EPCI) activities in relation to the “Ramp Up to Plateau” phase of the “supergiant” Zohr field development project situated in the Mediterranean Sea off the Egyptian coast.Petrobel is a 50-50 joint venture between EGPC (Egyptian General Petroleum Corporation) and IEOC (an Eni subsidiary in Egypt) and is in charge of the development of Zohr on behalf of PetroShorouk, a joint venture between EGAS (Egyptian Natural Gas Holding Company) and IEOC, Rosneft, BP and Mubadala Petroleum.The current addendum to the work includes the installation of a second 30-inch diameter gas export pipeline, infield clad lines, umbilicals and electrical/fiber optic cable, as well as EPCI work for the field development in deep water (up to 1700 meters) of 10 wells.The Ramp Up to Plateau phase is scheduled to start in January 2019, in direct continuity with the Optimized Ramp Up phase which has been completed in a 17-month project execution period from its contract award.To remind, Saipem and Petrobel in July 2017 finalized offshore contract variations worth $900 million for EPCI activities in relation to the “Optimized Ramp Up” phase of the giant Zohr development project. This scope of work included the installation of a 30-inch diameter gas export pipeline and an 8-inch diameter service pipeline, as well as EPCI work for the field development in deep water of four wells and the installation of umbilicals.Saipem to use a range of vesselsIn this new phase of works, Saipem will deploy a range of highly specialized vessels including the Castorone, the latest generation of ultra-deep water pipelayer; the FDS, a subsea field development ship; the Heavy Lift Vessel S7000; the DP3 subsea construction vessel Normand Maximus; the subsea construction vessel Saipem 3000; the pipelay vessel Castoro Sei and the multipurpose Normand Cutter and Far Samson vessels.Stefano Cao, Saipem CEO, said: “This further award of works on the Zohr development represents a new recognition of our proven capacity to embrace our client’s objectives at the early stages of cooperation and bring them to a conclusion. The innovative assets and technologies already used in the previous phases, and the ability to build solid local partnerships, will also ensure the success of this latest phase.”
Japanese energy company Inpex has informed that the LNG Tanker Oceanic Breeze called in for the first time at Inpex’s Naoetsu LNG Terminal in Joetsu City, Niigata Prefecture, Japan. The tanker has delivered a cargo of liquefied natural gas (LNG) from the INPEX-operated Ichthys LNG project in Australia.LNG carrier Oceanic Breeze delivers Ichthys LNG cargo to Naoetsu LNG TerminalOceanic Breeze is owned by Oceanic Breeze LNG Transport, a joint venture between INPEX Shipping Co., Ltd. (INPEX Shipping) (30%) and Kawasaki Kisen Kaisha Ltd. (K-Line) (70%), and designated to transport the 0.9 million tons per year of Ichthys LNG entitled to INPEX.“Oceanic Breeze’s transportation and delivery of Ichthys LNG to the terminal marks a significant milestone in Inpex’s development of a global gas value chain business, positioned as one of the company’s business targets outlined in Vision 2040 announced in May 2018. Going forward, INPEX will continue to strive to serve its customers with safe and stable supplies of natural gas, an environmentally friendly fuel,” Inpex, which sanctioned the project back in 2012, said on Tuesday.Inpex recently said that 2018 had been the most significant year in the INPEX-operated Ichthys LNG journey, as the company celebrated its first LNG export cargo and the official opening of Ichthys LNG onshore processing facilities.With the operating project life of 40 years just starting, Inpex-run Ichthys LNG project will produce 8.9 million tonnes of LNG per year, and up to 1.6 million tonnes of LPG per annum, and 100,000 barrels of condensate per day at peak, drawing gas from the Ichthys field located in the Browse basin offshore W. Australia.The Ichthys LNG Project is located in the Ichthys field within the northern Browse Basin about 220 kilometers north-west of Western Australia’s Kimberley coast, at the western edge of the Timor Sea.
TechnipFMC Lands Thunder Horse Expansion Job Technip to Provide Subsea System for ConocoPhillips’ Barossa Reach Subsea Wins More Work Southern Star Finds Work After Fugro Charter Termination DOF Subsea Nets New North Sea Contracts Subsea World News has put together a recap of the most interesting articles from the previous week (May 06 – May 12).
Repsol, the operator of the Yme field, is moving forward with the project development with the Caisson Permanent Support structure installation at the field, located in the PL 316/316B on the Norwegian Continental Shelf. The structure is supporting the wellhead caisson to the existing subsea storage tank, OKEA, a partner in the development noted.The purpose of the CPS is to secure enough structural support for the wellhead caisson connected to the existing subsea storage tank.“With this important milestone achieved the Yme New Development project is on schedule for first oil in 1H 2020,” OKEA said.Repsol presented the new development plan in 2017 to reactivate production in the Yme, which had been abandoned since 2001. An estimated 65 million barrels of oil are estimated to be recovered within the next ten years.Repsol holds 55% stake in Yme, along with Lotos Exploration and Production Norge with 20%, OKEA with 15% and KUFPEC Norway with 10% interest.First oil from Yme is planned for the first half of 2020.
Great Lakes Dredge & Dock Corporation (GLDD) today reported financial results for the quarter ended June 30, 2019.According to the company’s Chief Executive Officer, Lasse Petterson, the second quarter was another active period for GLDD, marking their fourth consecutive quarter showing improvement in both revenue and adjusted EBITDA from continuing operations when comparing to the prior year quarter.”As we noted in our last earnings release, planned dry dockings of certain vessels had an impact on second quarter results, several of which continue into the third quarter with two hopper dredges entering dry dock in the third quarter,” Lasse Petterson commented.“During the quarter we experienced better than expected production on the Jacksonville deepening project, along with strong execution on several coastal protection projects,” he added.Lasse Petterson continued saying that in the second quarter GLDD generated $11.5 million of net income from continuing operations and adjusted EBITDA from continuing operations of $32.0 million, bringing full year-to-date net income from continuing operations and adjusted EBITDA from continuing operations to $32.0 million and $75.9 million, respectively.In the market update, GLDD said that they continue to expect additional phases of multiple large deepening and other capital projects to bid in the second half of the year resulting in another strong domestic bid market in 2019.The projects coming into the pipeline include additional phases of work in Savannah and Corpus Christi, new projects in the Ports of Norfolk, Virginia and Freeport, Texas and large coastal restoration projects in Mississippi and Louisiana.In addition to this anticipated capital work, GLDD will probably bid for multiple projects funded by the $17.4 billion disaster supplemental appropriations.For the full second quarter results, please click here.
A total of eight incidents of piracy and armed robbery against ships were reported in Asia in August 2019.Of the total, two were piracy incidents and six were incidents of armed robbery against ships, according to the regional piracy watchdog ReCAAP.Compared to August 2018 when a total of nine incidents were reported, the latest numbers show an 11% decrease in the number of incidents for August 2019.There was no report of abduction of crew in the Sulu-Celebes Seas and waters off Eastern Sabah, and no hijacking of ships for theft of oil cargo reported in August 2019.However, the abduction of crew for ransom in the Sulu-Celebes Seas and waters off Eastern Sabah “remains a serious concern,” ReCAAP noted. Concerns were also raised about the increase in the number of incidents on board tug boats towing barges while underway in the Singapore Strait.In August 2019, three incidents of armed robbery against ships occurred in close proximity to each other in the western sector of the strait. The three incidents occurred to tug boats towing barges and were boarded while they were underway in the westbound lane of the Traffic Separation Scheme (TSS) in the Singapore Strait.The remaining five incidents took place on board ships at anchor/berth in Indonesia, South China Sea and Vietnam.For the period of January-August 2019, a total of 44 incidents, comprising 40 actual and four attempted incidents, were reported in Asia. Of the 44 incidents, 39 were incidents of armed robbery against ships and five were piracy incidents.Year-on-year, this number dropped by 25% compared to a total of 59 incidents, 45 actual and 14 attempted incidents, that were reported during January-August 2018.
The wreck of the general cargo vessel M/S Osfjord, that grounded over a year ago off Norway, has been removed, according to Norwegian offshore supply vessel owner BOA Offshore.The ship ran aground in Linesoya waters, north of Trondheim, Norway, in the morning hours of September 22, 2018. At the time, the vessel was sailing in southern direction from Brønnøysund to Kristiansund.Osfjord suffered engine issues in rough weather conditions and grounded at the coast of Trøndelag. All crew members were evacuated by a rescue helicopter.Several attempts were made to remove the vessel, but due to the conditions of the vessel, adverse weather and the exposed site, the operations were not successful.Therefore, alternative methods for removal were considered and in July 2019, BOA Offshore presented a suitable method and was awarded the contract to perform a complete wreck removal.Namely, the company cut the wreck into six sections. Each section was then lifted onboard Boabarge 42 using a mobile crane before transport of all sections to the scrap yard.During the operations barriers and continuous monitoring was established to avoid any spills.The complete wreck removal, including cleaning of debris from the sea bottom and the coast line, was carried out in 26 days “to the full satisfaction of both client and authorities,” BOA Offshore said.
Image source: REMUA West African company called ERB CI placed a new order recently for four REMU Big Float amphibious excavators that will be mounted on the base of Volvo’s EC210B and Volvo’s EC210B LR.The company from Ivory Coast will be utilizing the REMU Big Float amphibious excavators to safeguard and develop the Cocody lagoon, located in Abidjan, which has been threatened by mud and sand.Under their development plan, there will be several phases to this project, starting with backfilling the lagoon to create platforms that will eventually be developed into a marina.The success of ERB CI performing this large scale project is, in part, due to their choice of machines in 2014, when they ordered their first three Big Floats for dredging and landscaping the Cocoday Bay.In fact, only the Big Floats have been successful in performing in these difficult areas, the Finnish designer and manufacturer of earthmoving machines said in its announcement.Image source: REMU
EEW SPC and Sif are each supplying 47 monopiles for Ørsted’s wind farm in the Dutch part of the North Sea. Bladt Industries and EEW OSB are in charge of delivering the transition pieces. Meanwhile, the company’s wind turbine installation vessel Sea Challenger has set sail to the project site to erect the first Siemens 8 MW turbines. The Sea Challenger is picking up the turbine components at the Port of Esbjerg in Denmark. DEME has installed half of the 94 monopile foundations at the Borssele 1+2 offshore wind farm site. The construction work reached the halfway mark some three months after the first foundation was put in place mid-January. The 94 offshore wind turbines will generate enough green energy to meet the annual power consumption of one million Dutch households. Source: DEME Group The company, using its Innovation vessel, will install the last of the remaining 47 foundations in June. According to DEME, the installation is on schedule for completion in some two months despite significant weather downtime in February. DEME’s vessel Innovation is loading the monopiles and transition pieces at Sif’s facility on Maasvlakte 2 in Rotterdam. Ørsted is building its 752 MW wind farm approximately 22 kilometres off the coast of Zeeland in the Netherlands. This is the company’s first offshore wind farm in the Netherlands. Ørsted expects to commission Borssele 1+2 by the end of this year.
“Our visions of tomorrow’s tourism, sustainable and responsible, prompts us to constantly impose ever more virtuous standards in terms of respect for the environment,” Nicolas Dubreuil, Ponant’s Polar & Tropical Expedition Expert and Director of Sustainability, explained. NABU: Ponant recognised as the most environmentally friendly cruise company This year, Ponant obtained an average of 4.4 and achieved Level 5 — leadership and excellence — for five of the seven indicators. With a transparent certification process, the results are independently verified every two years and the individual performance of each company is made public annually on the Green Marine website. This initiative distinguishes the players in the maritime industry that undertake to measure their environmental performance each year and reduce their environmental footprint. More than 145 Canadian and U.S. enterprises currently participate in the program. Any international company is also eligible to obtain certification as long as it operates in North America, as is the case with Ponant which offers cruises in the Canadian and US Arctic. Expedition cruise ship being built by Vard for Ponant. Image Courtesy: Fincantieri/Stirling Design International The program offers a specific framework for port authorities, terminal operators, ship owners and shipyard managers to productively and measurably reduce their environmental footprint. “This is a major ship owner in the cruise sector that has repeatedly demonstrated its community to sustainable development through several initiatives, in terms of atmospheric emissions, plastics reduction, carbon offsetting or new technologies,“ David Bolduc, Green Marine’s executive director, said, welcoming Ponant to the certified participants’ program. “A halt to heavy fuel oil use, the utilization of the latest technological innovations, a dramatic reduction of single-use plastics, the implementation of environmental and societal impact studies, awareness-raising among our passengers, the creation of our foundation… We do everything we can to ensure that the environment’s preservation is at the heart of our actions.” Each year, NABU assesses and evaluates the environmental policies of the principal ocean-going cruise companies in the European market. This year, Ponant rose to first place in the ranking. France-based Ponant has become the first international cruise line to join the Green Marine environmental certification program for the marine industry. Specifically, Green Marine addresses a number of priority environmental issues through its 13 performance indicators – seven of which are designated for ship owners. The indicators assess on a scale of 1 to 5 the practices and technologies having a direct impact: underwater noise, pollution atmospheric emissions (NOX, SOX and PM), greenhouse gas emissions (CO2), invasive aquatic species, waste management, and oil discharges. “It’s more than just a simple ranking. This recognition is highly significant for Ponant. It encourages us to continue our efforts to promote sustainable tourism and to set increasingly rigorous standards for ourselves in this respect,” according to Dubreuil. The ranking assesses overall environmental strategy based on eight environmental criteria — commitment to the Paris Agreement, climate strategy, efficiency measures, emission-reduction measures, the use of shore power connections, discontinued use of heavy fuel oil, the use of nitrogen oxide catalysts and the use of soot particle filters. German environment association Nature and Biodiversity Conservation Union (NABU) recently recognized Ponant as the most environmentally friendly cruise line.