Oil & Gas

MAN 175D picked to power DOF Sea Dragon OSV newbuild

Poland’s Crist Shipyard has ordered six MAN 12V175D variable speed gensets in connection with the construction of an OSV (offshore support vessel) for DOF. Provisionally named Sea Dragon, the OSV is set to assist operations off the coast of Newfoundland, Canada.

Designed by Gdynia-based MMC Ship Design & Marine Consulting Ltd., the Sea Dragon is scheduled for delivery by Q1 2027.

The ice-classed, 110 meter long vessel, will feature dynamic positioning class 3 and be capable of accommodating 164...

https://www.marinelog.com/offshore/man-175d-picked-to-power-dof-sea-dragon-osv-newbuild/

ST Engineering opts for Kongsberg design for new walk-to-work OSV

Kongsberg Maritime is to supply the design and integrated equipment package for a new walk-to-work offshore service vessel (OSV), to be built by ST Engineering Marine in Singapore for an undisclosed leading oil & gas company.

The 97-meter OSV will be built to Kongsberg Maritime UT 5520 design. It will accommodate 106 people and features a motion-compensated gangway to enable safe transfer of personnel to and from offshore installations.

The new design is a further development of Kongsberg...

https://www.marinelog.com/offshore/st-engineering-opts-for-kongsberg-design-for-new-walk-to-work-osv/

Biden to issue broad offshore oil and natural gas leasing ban

In a reminder that, like operas, U.S. presidencies aren’t over until they are over, the White House today released a statement saying that, using his authority under Section 12(a) of the Outer Continental Shelf Lands Act, President Biden is issuing two Presidential Memoranda to protect all U.S. Outer Continental Shelf areas off the East and West coasts, the eastern Gulf of Mexico, and additional portions of the Northern Bering Sea in Alaska from future oil and natural gas leasing.

The...

https://www.marinelog.com/offshore/oil-gas/biden-to-issue-broad-offshore-oil-and-natural-gas-leasing-ban/

Seadrill sells 2007-built jack-up West Prospero for $45M

Offshore drilling contractor Seadrill Limited (NYSE: SDRL) reports that it has completed the sale of the jack-up rig West Prospero for cash proceeds of $45 million.

“With the sale of the West Prospero , we have monetized a non-core asset that has been stacked since 2016 and successfully executed on our strategy to exit the benign jack-up market,” said president and chief executive officer, Simon Johnson.

The West Prospero is an independent leg cantilever jack-up drilling rig built in 2007 by...

https://www.marinelog.com/offshore/oil-gas/seadrill-sells-2007-built-jack-up-west-prospero-for-45m/

Hanwha Ocean wins ABS AiP for standard FPSO design

ABS has awarded Hanwha Group member Hanwha Ocean an Approval in Principle (AIP) for its Pre-FEED Standard FPSO Design. Intended to create an asset optimized for deployment in the deep waters of West Africa, the FPSO design is 340 meters long and capable of storing approximately 2.38 million barrels of crude oil, with a daily crude oil production capacity of 190,000 barrels. Developed to accommodate topsides for crude oil and or gas production facilities, the hull is designed to operate for up...

https://www.marinelog.com/offshore/oil-gas/hanwha-ocean-wins-abs-aip-for-standard-fpso-design/

INEOS acquires CNOOC’s U.S. GoM business

London-headquartered global chemical company INEOS said today that it has acquired the U.S. Gulf of Mexico business held by CNOOC Energy Holdings U.S.A. Inc., a U.S. subsidiary of China National Offshore Oil Company’s CNOOC International Limited unit.

A Reuters report cites “a person with direct knowledge of the matter who was not authorized to speak to media” as saying that INEOS paid just under $2 billion for the assets.

INEOS says that the deal includes a portfolio of non operated assets built...

https://www.marinelog.com/news/ineos-acquires-cnoocs-u-s-gom-business/

Petrobras signs contracts for 12 new hybrid PSVs

Edison Chouest Offshore’s Brazilian affiliate Bram Offshore is one of two companies that will each build and operate six new hybrid PSVs (platform support vessel) under contracts awarded yesterday by Brazilian energy major Petrobras. The other company is Starnav Serviços Marítimos, a subsidiary of Brazil’s Detroit Group.

The contracts were announced Petrobras president Magda Chambriard. Worth a total of BRL16.5 billion (about USD 2.75 billion) they cover the construction and chartering of 12...

https://www.marinelog.com/offshore/petrobras-signs-contracts-for-12-new-hybrid-psvs/

BOEM announces next steps for Gulf oil and gas leasing program

The Bureau of Ocean Energy Management (BOEM) has announced the availability of the Gulf of Mexico (GOM) Regional Outer Continental Shelf (OCS) Oil and Gas Lease Sales Draft Programmatic Environmental Impact Statement (EIS).

API slams BOEM’s 5-year oil and gas lease sale program

In December 2023, the Department of the Interior published the 2024-2029 National Outer Continental Shelf Oil and Gas Leasing Program, which includes only three oil and gas lease sales in the GOM over the next five years.

https://www.marinelog.com/offshore/oil-gas/boem-announces-next-steps-for-gulf-oil-and-gas-leasing-program/

SEACOR Marine orders two new PSVs in China

Houston-headquartered SEACOR Marine Holdings Inc. (NYSE: SMHI) reports that it has entered into a new senior secured term loan of up to $391.0 million with an affiliate of EnTrust Global and separate agreements to build two platform supply vessels (PSVs) for a contract price of $41.0 million per vessel.

“The new financing with EnTrust Global consolidates all our debt under a single facility maturing in 2029 and addresses $125.0 million of near-term maturities previously due in 2026 to The...

https://www.marinelog.com/offshore/seacor-marine-orders-two-new-psvs-in-china/

Noble Corporation adopts ABS Wavesight eLogs

Offshore drilling contractor Noble Corporation is to adopt ABS Wavesight eLogs electronic logbooks on its entire fleet of offshore assets. ABS Wavesight says that this marks a major milestone in offshore adoption of ABS Wavesight eLogs, bringing a new dimension to compliance management in the maritime and offshore sector.

ABS Wavesight says that the solution offers a comprehensive and streamlined approach to recordkeeping for both the maritime and offshore industry. The secure digital platform...

https://www.marinelog.com/news/noble-corporation-adopts-abs-wavesight-elogs/

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