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Offshore Oil & Ocean Engineering


September 2013 Issue

Teekay LNG Calls for Two LNG Carrier Newbuilds From DSME
Teekay LNG Partners L.P. (Hamilton, Bermuda) has exercised two of its three existing options with Daewoo Shipbuilding & Marine Engineering Co. Ltd. (DSME) of Seoul, South Korea, for the construction of two 173,400-cubic-meter LNG carrier newbuilds for delivery in 2016. These two newbuild LNG carriers are in addition to the two LNG carriers Teekay LNG ordered from DSME in December 2012, which have since secured time-charter employment commencing upon delivery.

These newbuilds will also be constructed with the M-type, Electronically Controlled, Gas Injection (MEGI) twin engines, which are expected to be significantly more fuel-efficient and have lower emission levels than other engines currently being utilized in LNG shipping.

Teekay LNG intends to secure long-term contract employment for both vessels prior to their delivery in 2016. In connection with the exercise of these two newbuild options, Teekay LNG secured further options from DSME that will enable it to order up to five additional LNG carrier newbuilds in the future.

The contract with DSME includes an installment payment schedule similar to the two LNG carrier newbuilds ordered from DSME in December 2012. Teekay LNG intends to initially finance the installment payments during construction using a portion of its existing liquidity, and expects to secure long-term debt financing for the two newbuilds prior to their scheduled deliveries.

Keppel Secures Contracts from Repeat Customers
Keppel Corp. (Singapore) has secured upgrade and repair contracts totaling about $100 million Singapore dollars from repeat customers.

Keppel Verolme (Rotterdam, Netherlands) is conducting a special periodic survey (SPS) on the jackup rig, Rowan Gorilla VI, for Rowan Companies (Houston, Texas). This includes painting of the hull, inspection of spud cans, renewal of anodes and installation of dock plugs. The rig will also have its drilling equipment upgraded and is expected to be delivered by the fourth quarter of 2013.

Keppel Verolme is also completing a full SPS program for Saipem (San Donato Milanese, Italy) on the semisubmersible Scarabeo 5. The yard’s scope of work comprises the overhaul of the thrusters, all anchor winches, top drive upgrade and various modification and repairs. Scarabeo 5 is scheduled for delivery in September 2013.

Keppel FELS (Singapore) will be undertaking the upgrade of the semisubmersible ENSCO 5005. Work on the semi includes upgrading major systems, machinery spaces, drill floor, derrick and living quarters, as well as the renewal of steel and piping systems. The entire semi and its tanks will also be painted. The project is scheduled for completion in the first quarter of 2014.

Sealink VSAT Connects Offshore Fleet to Lync Platform
Simon Møkster Shipping’s (Stavanger, Norway) fleet of 23 offshore supply and specialist vessels is now fully connected to the Microsoft Lync platform through Sealink, Marlink’s (Fornebu, Norway) customized VSAT service.

Sealink has enabled the established Norwegian offshore vessel operator to roll out Microsoft’s standardized business collaboration and communication platform across its organization on land and at sea, resulting in operational benefits and substantial savings in the cost of crew calling, Marlink said.

Using Lync via Sealink enables bridge and engine room teams to access reliable telephone, video conferencing, instant messaging and data sharing. Sealink ensures high uptime, meeting Simon Møkster’s requirements for continuous availability. Custom dynamic allocation of dedicated bandwidth enhances reliability, especially for bandwidth-hungry applications.

Lync is fully integrated with the Simon Møkster company telephone system, so calls from terrestrial and mobile networks, and other Lync users can be made to vessels and received via Lync. A VoIP solution has also been implemented for crew members from the Faroe Islands.

TransCanada to Form Joint Venture With Irving Oil
Following TransCanada’s (Calgary, Canada) announcement in August to proceed with the development of the Energy East Pipeline that will transport western Canadian crude oil to Montreal, Quebec City and Saint John, Irving Oil (Saint John) and TransCanada announced they will form a joint venture to develop and construct the new Canaport Energy East Marine Terminal at Irving Canaport in Saint John.

The proposed $300 million marine terminal adds to the significant infrastructure investment Irving Oil has made in the Canaport facility over the past several decades.

Irving Oil imports more than 100 million barrels of crude oil each year at Irving Canaport and has imported more than 2 billion barrels of oil during 40 years of operation.

The project timeline for the marine terminal, which is expected to begin with engineering and design work in 2015, will coincide with Energy East Pipeline project developments.

The new Canaport Energy East Marine Terminal will be located adjacent to Irving Oil’s existing import terminal and will be operated by Irving Oil.

BOEM Lease Sale 233 Offers 20.7 Million Acres Offshore Texas
The U.S. Bureau of Ocean Energy Management (BOEM) Western Gulf of Mexico Lease Sale 233 was scheduled to take place on August 28, covering roughly 20.7 million acres offshore Texas for oil and gas exploration and development. The bureau estimates the proposed lease sale could result in the production of 116 to 200 million barrels of oil and 538 to 938 billion cubic feet of natural gas.

The sale offers 3,864 blocks, located from nine to 250 miles offshore, in water depths ranging from 16 to more than 10,975 feet.

The sale includes all available unleased or nonprotected areas in the Western Gulf of Mexico Planning Area. It will be the third sale under the Outer Continental Shelf Oil and Gas Leasing Program for 2012 to 2017, the second of five Western Gulf of Mexico lease sales that will be held under the program.


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