Offshore News - The Maritime Executive

Majors Move on Gulf of Mexico Deepwater Projects

By The Maritime Executive 2019-12-13 17:27:53

Chevron and Total have sanctioned the Anchor project in the U.S. Gulf of Mexico. The move coinciding with the U.S. Energy Information Administration's announcement that the U.S. has set new records for proved reserves of oil and natural gas, as well as for production in 2018. The Anchor project is the industry’s first deepwater high-pressure development to achieve a final investment decision. Delivery of the new technology, which is capable of handling pressures of 20,000 psi, also enables access to...

NYK Participates in Fourth FPSO Project for Petrobras in Brazil

By The Maritime Executive 2019-12-13 15:47:31

NYK, together with Mitsubishi Corporation (MC), has entered into a joint venture with SBM Offshore N.V. (SBM), for the 22.5-year charter, operation, and maintenance of a floating production, storage, and offloading (FPSO) unit to operate in the Mero oil field off the Brazilian coast for Petróleo Brasileiro S.A. NYK will provide personnel to participate in the engineering, procurement, and construction (EPC) phase of the FPSO for the first time to expand the company’s specialized skills in the new field. NYK...

Rystad Energy: Fields with Break-Even Above $60 to be Priced Out

By The Maritime Executive 2019-12-11 19:45:58

Energy projects that need oil prices above $60 per barrel in order to break even risk being commercial viability going forward, according to Rystad Energy. However, massive investments in exploration and sanctioning are still needed to meet growing global demand. As the world transitions to a less carbon-intensive future, Rystad Energy forecasts that the global inventory of already discovered oil fields with a breakeven oil price of below $60 Brent (real) is sufficient to meet demand growth and offset declines...

ExxonMobil Cleared of Climate Change Fraud Charges

By The Maritime Executive 2019-12-10 19:30:13

ExxonMobil has been cleared of fraud charges in New York State relating to how it informed investors about accounting for the cost of future climate change regulation. In his 55-page ruling, New York State Supreme Court Justice Barry Ostrager said the Attorney General’s office didn’t prove that the company had violated the Martin Act, a anti-fraud statute. Ostrager wrote, “What the evidence at trial revealed is that ExxonMobil executives and employees were uniformly committed to rigorously discharging their duties in...

OSV Fire: Combustible Furnishings Contributed to Extent of Fire

By The Maritime Executive 2019-12-10 19:19:45

The National Transportation Safety Board (NTSB) has released a Marine Accident Brief about the fire on the offshore supply vessel Grand Sun, noting that substantial use of combustible wood paneling and drapery contributed to the extent of the fire. The vessel was transiting the Chandeleur Sound in the Gulf of Mexico, about 15 miles from the Chandeleur Islands, Louisiana, on October 8, 2018, when she caught on fire. The four crewmembers aboard attempted to fight the fire but were unsuccessful....

Love Your Home

By Wendy Laursen 2019-12-07 22:43:42

In January, energy giant and offshore wind leader Ørsted launched a children's book, Is This My Home?, and an online “universe” to make it easier for parents to talk to their children about climate change. The book takes a little girl on a journey from her bedroom to mountains, forests and oceans to discover that the whole planet is her home. She sees snow melting and oceans becoming polluted. She returns to her bedroom and thinks of all the wonderful...

Vineyard Wind Selected for Connecticut Offshore Wind Project

By The Maritime Executive 2019-12-07 20:32:23

The Connecticut Department of Energy and Environmental Protection has announced that Vineyard Wind has been selected to advance to contract negotiations with the state’s electric distribution companies to provide 804MW of offshore wind through the development of the Park City Wind Project. The Park City Wind project will now enter into contract negotiations with the state’s two electric utilities, The United Illuminating Company and Eversource Energy, for a contract with a 20-year term. When it comes...

Shell Wins Lawsuit to Keep Activists Off Brent Platforms

By The Maritime Executive 2019-12-04 16:25:02

Royal Dutch Shell has won a lawsuit to prohibit Greenpeace protesters from boarding inactive and decommissioned platform structures at the Brent field in the UK North Sea. In a ruling issued this week, Judge Lady Carmichael of the Edinburgh Court of Sessions found that the installations are private property and that Shell has the right to restrict access to them. In addition, she found that the aging structures could pose a hazard to unauthorized personnel due to their physical condition. ...

North Sea Oil Firms Making Energy Transition

By The Maritime Executive 2019-11-29 19:10:52

Almost 40 percent of North Sea operators and contractors are concerned about diversification and energy transition with around half (49 percent) working to reduce their carbon footprints or develop low carbon solutions, according to an industry report. The findings of the 31st Oil and Gas survey, conducted by Aberdeen & Grampian Chamber of Commerce in partnership with the Fraser of Allander Institute and KPMG UK, reveal that more than half (52 percent) of respondents report an increasing demand for their...

Two Injured in Offshore Explosion

By The Maritime Executive 2019-11-29 17:16:15

Two Equinor employees were injured when a portable nitrogen gas bottle exploded on board the Heimdal platform in the North Sea on Thursday November 28. The two injured employees, a man (22) and a woman (19), were taken care of by health personnel on board Heimdal and were transported to Haukeland University Hospital and Stavanger University Hospital. Their injuries are not life-threatening. “This is a serious work-related incident that has strongly affected all of us. Our main priority now is...