Join OEdigital on Facebook Join OEdigital on LinkedIn Join OEdigital on Twitter
OE Activity: 2017 / January

OE Activity: 2017 / January (96)

Tuesday, 17 January 2017 11:24

Egina FPSO orders additional Amarinth pumps

Written by

Amarinth, which specializes in the design, application and manufacture of centrifugal pumps and associated equipment to the oil and gas, petrochemical, chemical, industrial, power and renewable energy markets, has secured a further order of API 610 OH2 pumps to be used aboard Total’s new Egina floating production storage offloading (FPSO) vessel.

Amarinth’s Malaysian operation secured this second order for API 610 OH2 super duplex pumps for a de-sanding and process water treatment package aboard Total’s Egina FPSO following on from its successful delivery of a previous order for API 610 OH2 pumps with Plan 53B seal support systems.

The 200,000 b/d capacity Egina FPSO vessel, being built by Samsung Heavy Industries of Korea at a cost of US$3.3 billion, will arrive in Nigeria around April 2017 and will be working in Total’s $16 billion Egina deepwater field situated 150km off the coast of Nigeria in water depths of up to 1750m.

“We are delighted to provide these additional pumps to the Egina FPSO project, an order which also underlines our decision to open our office in Malaysia last year enabling us to offer even better support to our rapidly growing customer base in Asia Pacific,” said Oliver Brigginshaw, managing director, Amarinth.

Tuesday, 17 January 2017 10:54

SBM awards Ampelmann FPSO maintenance contract

Written by

Ampelmann has been awarded a contract by SBM Offshore Contractors in support of an FPSO (floating production, storage and offloading) maintenance campaign in the Espírito Santo Basin, Brazil. Ampelmann will provide an E-type system in January 2017 with a scope that includes transport, importation, engineering and provision of offshore access services.

“After two successful FPSO campaigns in Brazil last year, it is very positive to see the demand for our services continuing to grow,” said Sander Groenteman, business development manager for Brazil.

The Ampelmann E-type system is the largest fully active compensated system within the Ampelmann portfolio and has already performed in sea states above 4.5m significant wave height in Brazilian waters. Over the course of two recent Brazilian projects in the last 12 months, Ampelmann provided over 15,000 safe transfers.

Image: E-type system/Ampelmann

Tuesday, 17 January 2017 10:11

Statoil sells 25% Hywind stake to Masdar

Written by

Statoil has agreed to divest 25% of its assets in Hywind Scotland pilot park, the world’s first floating wind farm, to Masdar.

Hywind illustration, from Statoil.

The wind farm offshore Peterhead in Aberdeenshire, Scotland will power approximately 20,000 households when in production from late 2017.

"The Hywind Scotland pilot park has the potential to open attractive new markets for renewable energy production worldwide. With Masdar onboard as a strong strategic partner we are teaming up with a company with high ambitions within renewable energy. We believe Masdar can be a strong partner also in future Hywind projects and we hope that our collaboration will result in future value creation opportunities for both parties," says Irene Rummelhoff, Statoil’s executive vice president for New Energy Solutions.

Through the transaction Statoil and Masdar have agreed to share the development risk and Masdar will cover 25% of previous and future costs. Following this divestment Statoil holds a 75% share in Hywind Scotland.

The pilot park will cover around 4sq km, 25 km offshore Peterhead at water depths of 95-120m. The average wind speed in this area of the North Sea is around 10m per second.

"We expect floating offshore wind farms to benefit from the general cost development within the offshore wind segment. The objective of the Hywind Scotland pilot park is to demonstrate cost efficient and low risk solutions for future commercial scale floating wind farms. This will further increase the global market potential for offshore wind energy, contributing to realizing Statoil’s ambition of profitable growth in renewable energy and other low-carbon solutions," says Rummelhoff.

The Hywind Scotland substructures have been constructed in Spain and will arrive at the yard at Stord in Norway later this spring followed by assembly during the summer of 2017, before sail off to Peterhead.

"Masdar is excited to join the team developing the world’s first floating wind farm, and to build on our partnership with Statoil. Hywind Scotland represents the next stage in the evolution of the offshore wind industry, combining the project management experience and technical expertise of one of the world’s largest offshore energy players – and our own capabilities in renewable energy development acquired over the last decade in the UK and international markets,” says Masdar Chief Executive Officer Mohamed Jameel Al Ramahi.

The partnership also consists of a collaboration agreement which will enable the two companies to work together on clean energy technologies across several markets in the near future.

Offshore wind already has a strong foothold in Europe with 11 GW installed capacity, and a global potential to reach more than 100 GW by 2030. With fixed turbines, offshore wind is optimal for 20-50m water depth. With floating structures such as Hwyind further expansion will be enabled in new deep water areas around the world.

Statoil is a key energy security partner for the UK and pursues a broad range of activities relating to energy production and sales in Britain. Statoil is a leading supplier of natural gas to the British market, with a market share around 20%.

Statoil is developing an offshore wind portfolio with the capacity of providing over 1 million homes with renewable energy. Statoil currently holds a 40% share in the Sheringham Shoal wind farm in the UK, which has been in production since 2012.

Masdar and Statoil are partners in the Dudgeon offshore wind farm, located offshore Norfolk in the UK, which will come in production during 2017.

In 2016 Statoil acquired 50% of the Arkona offshore wind farm in Germany, which will come in production in 2019.

Statoil was also declared the provisional winner of the US government’s wind lease sale offshore New York at the end of 2016.

Tuesday, 17 January 2017 08:18

NZOG takes more Cue stake

Written by

New Zealand Oil & Gas (NZOG) entered a deal to secure a 50.01% holding in its Australian subsidiary, Cue Energy Resources.

“Our controlling interest in Cue provides diversified exposure to Cue's production and exploration interests in Australia, New Zealand, and Indonesia,” said Andrew Jefferies, CEO, NZOG.

Cue has production interest in the Maari oil field off Taranaki, and from the Sampang production sharing contract in East Java, Indonesia.

It has a portfolio of exploration including the substantial Ironbark prospect in the Carnarvon basin off West Australia, and in Indonesia.

“Cue has cut costs significantly and refined its strategy. All of its shareholders benefit from these changes, which provide a positive reason to increase our holding to over 50%,” Jefferies said.

Tuesday, 17 January 2017 04:11

Total extends West Phoenix contract

Written by

North Atlantic Drilling has been awarded a one-well contract for the semi-submersible West Phoenix for work in the UK, West of Shetland.

The contract is in direct continuation with the West Phoenix' existing contract and the total backlog is estimated to be $17 million.

The West Phoenix has worked for Total E&P UK since 2009.

Monday, 16 January 2017 14:42

McDermott to buy Oceanteam stake in vessel

Written by

McDermott will exercise its option to purchase Oceanteam’s 25% ownership in the vessel-owning company North Ocean 105 AS by the end of April 2017, according to joint venture partner Oceanteam.

Under McDermott’s main credit facility agreement, it has announced that it is required to do so. 

As part of the understanding with its bondholders and that was announced on 11 January 2017, Oceanteam will use the proceeds for repayments of vendors and repurchase of outstanding bonds. It will realize significant capital gain on the sale of its ownership interest in this vessel.

“We move perfectly according to plan enabling to align our costs of capital employed and our amortization profile amongst others with the current market situation,” says CEO Haico Halbesma. “As said in previous updates, our financial restructuring will allow us to further develop our existing market activities, to take advantage of new business opportunities, and thus to allow us to build long-term value for the benefit of all Oceanteam's stakeholders and employees."

Monday, 16 January 2017 12:11

UKEF to fund GE at Ghana OCTP project

Written by

UK Export Finance (UKEF) will provide US$400 million in support for a GE Oil & Gas contract the Offshore Cape Three Points (OCTP) project in Ghana.

UKEF will provide $400 million of support to the OCTP project, including a loan under its direct lending facility. Support for the contract is a result of the memorandum of understanding signed between GE and UKEF in 2015, affirming UKEF’s support for GE and GE’s commitment to continued investment in its UK operations.

This will be UKEF’s first direct loan for a project in Africa. UKEF support will finance the specialized systems and equipment, a significant proportion of which has been sourced from the UK.

GE’s contract is worth $850 million, and entails providing subsea production systems to the project, which will develop oil and gas fields approximately 60km offshore from the western side of Ghana’s coast. Following first gas production in 2018, the new fields are expected to continuously feed Ghana’s thermal power plants for more than 20 years.

Lorenzo Simonelli, president and CEO of GE Oil & Gas, said: “This contract represents GE’s ability to invest to build local partnership, resource and infrastructure capabilities, and will utilize engineering and manufacturing expertise from the UK, across the supply chain. Export credit agency financing is an important source of support for our customers, and the MoU signed with UKEF in 2015 has helped to support this success.”

The OCTP project will develop gas reserves expected to generate an additional 1100 MW of power for Ghana, which will alleviate the country’s reliance on energy imports, providing long-term energy security and supporting Ghanaian industrial development. This natural gas project will help the country achieve its COP21 commitments for climate mitigation by displacing heavy fuel oil use with gas – equivalent to taking 1.2 million cars off Ghana’s roads each year or planting 152 million trees.

Total investment in the development of the OCTP are estimated to be $7.9 billion over the life of the project, represents the largest foreign direct investment in Ghana’s history. UKEF’s support is provided as part of a larger $1.35 billion financing package alongside that of the International Finance Corp. and Multilateral Investment Guarantee Agency of the World Bank Group, as well as commercial banks HSBC Bank plc, Standard Chartered Bank, Société Générale (London Branch), ING Belgium SA/NV, Natixis, Bank of China, Singapore Branch, Mizuho Bank Ltd and MUFG (Europe) N.V.

Monday, 16 January 2017 10:44

Petrobras axes Seven Mar contract

Written by

Subsea 7 received an early termination notice from Petrobras for the dayrate contract for the Seven Mar pipelay support vessel (PLSV).

The rig was working offshore Brazil, and the contract was due to expire in 2018, however, ended effective 16 January 2017.

As a result, the group backlog has diminished by approximately US$106 million, Subsea 7 said.

“Brazilian maritime law prioritizes Brazilian-flagged vessels over international vessels of a similar specification. As a consequence, the operating license for Seven Mar has expired, which resulted in the early termination of the contract,” Subsea 7 said in a statement.

Image of the Seven Mar, from Subsea 7.

Read more:

Subsea 7 to substitute PLSV for Petrobras

Monday, 16 January 2017 10:36

Skandi Vitoria gets Petrobras contract

Written by

Petrobras has awarded the Brazilian built pipelay support vessel, Skandi Vitória, a contract of 532 days. The contract will commence in January. 

The vessel is owned through a joint venture together with Technip. 

Skandi Vitória is the first pipelay vessel built in Brazil, equipped with vertical and horizontal pipelay systems, a 250-tonne crane and two work ROVs (remotely operated vehicles). The vessel is capable of operating in water depths up to 3000m. 

Image: Skandi Vitória/DOF Subsea

Friday, 13 January 2017 10:52

Qinterra award GOM services contract

Written by

Qinterra Technologies has been awarded a three-year wireline tractor and instrumented intervention services contract with a deepwater oil and gas operator in the US Gulf of Mexico, effective immediately. The scope of the contract includes tractor conveyance, completion manipulation and pipe cutter intervention services. The innovative and field-proven well intervention technologies will address the range of intervention requirements and challenges expected within these operations.

“We see this as a great addition to our growing Gulf of Mexico operations,” said Wade McCutcheon, president Americas, Qinterra Technologies. “This contract award demonstrates our advancements in technology associated with precise wireline intervention services. Our priority is to provide sustainable cost reductions to our client’s well intervention activities whilst maximizing operational efficiencies and solutions in a high tier market like the Gulf of Mexico.”

The Qinterra Group and its two subsidiaries, Qinterra Technologies and ALTUS Intervention, are specialists in well intervention technologies and services.

Image: Completions manipulations/Qinterra

Page 5 of 7