Offshore Oil & Ocean Engineering

 

MAY


Shell Discovery in
Gulf of Mexico

Shell Offshore Inc. announced one of its largest U.S. Gulf of Mexico exploration finds in the past decade from the Whale deepwater well. The well encountered more than 1,400 net ft. (427 m) of oil-bearing pay. Evaluation of the discovery is ongoing, and appraisal drilling is underway to further delineate the discovery and define development options.

Whale is operated by Shell (60 percent) and co-owned by Chevron U.S.A. Inc. (40 percent). It was discovered in the Alaminos Canyon Block 772.

This major discovery in a Shell heartland adds to the company’s Paleogene exploration success in the Perdido area. Through exploration, Royal Dutch Shell has added more than 1 billion barrels of oil equivalent resources in the last decade in the Gulf of Mexico. Shell currently has three Gulf of Mexico deepwater projects under construction, as well as investment options for additional subsea tiebacks and Vito, a potential new hub in the region.

 

TechnipFMC to Acquire
Island Offshore Subsea

TechnipFMC has signed an agreement with the Island Offshore group to acquire a 51 percent stake in Island Offshore’s wholly owned subsidiary, Island Offshore Subsea AS.

Island Offshore Subsea AS provides riserless light well intervention (RLWI) project management and engineering services for plug and abandonment (P&A), riserless coiled tubing and well completion operations. It employs approximately 80 staff.
In connection with the acquisition of the controlling interest, TechnipFMC and Island Offshore will enter into a strategic cooperation agreement to deliver RLWI services on a worldwide basis, which will also include TechnipFMC’s RLWI capabilities.

Island Offshore Subsea AS will be rebranded, and it will become the operating unit for TechnipFMC’s RLWI activities taking place around the world.

 

Transocean Closes
Songa Offshore Acquisition

Transocean Ltd. along with Transocean Inc. received all required regulatory approvals and has completed compulsory acquisition of all shares in Songa Offshore SE that were not already owned by Transocean.

Transocean pursued a delisting of the Songa Offshore shares from the Oslo Stock Exchange as soon as possible after the compulsory acquisition was complete.

Songa Offshore’s shares remained listed on the Oslo Stock Exchange until March 28, 2018.

 

One-Stop-Shop for
Oil Spill Response

Norwegian suppliers Framo, Maritime Partner, Norbit Aptomar and NorLense have come together to create the OSRV (Oil Spill Recovery Vessel) Group to offer a complete oil spill response solution.

The OSRV Group offers a package solution that covers everything from detection and containment to spill recovery, all conducted with reliable equipment that can handle the challenges if an accident occurs. It operates with a delivery lead time of eight weeks for the full package.

 

Total Takes Over
Maersk Oil

Total has closed acquisition of Maersk Oil, bringing to Total around 1 billion barrels of oil equivalent of 2P/2C reserves and resources, mainly in the Organisation for Economic Co-operation and Development (OECD) countries, and a production of about 160,000 barrels of oil equivalent per day (boe/d) in 2018, ramping up to more than 200,000 boe/d by the early 2020s.

The acquisition of Maersk Oil allows the group to reinforce its existing leading positions in the U.K. and in Norway, as well as to enter Denmark, making Total the second-largest operator in the North Sea with an output of 500,000 boe/d by 2020. The transaction also strengthens other growth areas of Total, particularly in Algeria and the U.S. Gulf of Mexico.

 

ABS to Class First
Hybrid OSV in GOM

ABS was selected by SEACOR Marine to class the first offshore support vessel (OSV) in the Gulf of Mexico (GOM) to operate using hybrid power. SEACOR requested the BATTERY-Li notation for its Maya OSV currently operated by Mantenimiento Express Maritimo SAPI de CV (MEXMAR), SEACOR Marine’s joint venture in Mexico. The OSV is being upgraded to use lithium battery power, with modifications expected to be complete in May 2018.

The hybrid power solution has the potential to reduce fuel consumption by as much as 20 percent.

 

Merger Enhances
Offshore Install Delivery

Fara Holdco Ltd., owners of the Bibby Offshore group of companies, announced a merger with Rever Offshore AS.
Rever’s subsidiaries include CECON Contracting AS, an international subsea and offshore contractor, as well as two vessel companies that own both the Cecon Excellence and Cecon Sovereign.

The combination of Bibby and CECON Contracting AS is set to create a larger and more robust offshore installation delivery business both in the North Sea and internationally.

The combined company will continue to evaluate growth opportunities in its core diving and subsea umbilicals, risers and flowlines (SURF) markets.

 

MARCH


 

Van Aalst Expands
Offshore Offerings

The Van Aalst Group of Dordrecht, Netherlands, became a majority stakeholder in Techano AS, an offshore crane specialist from Norway. This follows the purchase of a 3D crane technology from another Norwegian company in 2016.

With the acquisition, the Van Aalst Group is now one of the very few companies in the world able to deliver a crane and a gangway as a combined package, using the 3D crane function.

The 3D crane can transfer equipment, such as tools, small generators, spare parts and containers, safely to an offshore platform, wind turbine or substation using 3D motion compensation. By eliminating vessel motions, the 3D crane ensures a safe and efficient transfer for service operation vessels and walk-to-work vessels.

With this possibility of offering a combined crane/gangway package, the Van Aalst Group anticipates the new trend for standby and support vessels.

 

McDermott, CB&I Join
Onshore-Offshore Forces

McDermott International Inc. and CB&I have agreed to combine in an all-stock transaction to create a fully vertically-integrated onshore-offshore company, with a broad engineering, procurement, construction and installation (EPCI) service offering and technology portfolio.

Upon completion of the transaction, McDermott shareholders will own approximately 53 percent of the combined company on a fully diluted basis, and CB&I shareholders will own approximately 47 percent. The estimated enterprise value of the transaction is approximately $6 billion.

This move will combine McDermott’s established presence in the Middle East and Asia with CB&I’s robust operations in the U.S., creating a balanced geographic portfolio with a strong position in high-growth developing regions.

 

France Makes Bold Move
With Oil, Gas Ban

France has passed legislation to end all oil and gas exploration and production by 2040, the UN Climate Action Programme reported. From now on, no new exploration permits will be granted within French territories.

President Emmanuel Macron’s Republic on the Move party voted in favor of the bill with help from other centrist and left-wing parties. France is not a major oil producer, but this ban is a symbolic lead for other nations to make the transition away from exploiting hydrocarbons.

The U.S. leads the world in petroleum production and has been retreating from climate change policy leadership under President Donald Trump. France seeks to lead on climate change under Macron. In July, he announced a ban of petrol and diesel cars by 2040.

 

Subsea Laser for
Internal Casing Inspection

Newton Labs and Ashtead Technology have delivered an advanced subsea laser scanning project for Subsea 7 on Chevron’s Captain field located in the U.K. North Sea using Newton’s underwater laser scanners. The scope of work included an internal casing inspection utilizing Newton’s M210UW ultrahigh-resolution short-range underwater laser scanner and a horizontal mapping survey using the longer range Newton M3200UW to capture more than 100 short- and long-range scans. This allowed Ashtead to generate a 3D model of the structure.

 

Shell to Redevelop
North Sea Penguins Field

Royal Dutch Shell plc has made a final investment decision on the redevelopment of the Penguins oil and gas field in the U.K. North Sea. The decision authorizes the construction of a floating production, storage and offloading (FPSO) vessel, the first new manned installation for Shell in the northern North Sea in almost 30 years.

The Penguins field currently processes oil and gas using four existing drill centers tied back to the Brent Charlie platform. The redevelopment of the field, required when Brent Charlie ceases production, will see an additional eight wells drilled, which will be tied back to the new FPSO vessel. Natural gas will be exported through the tie-in of existing subsea facilities and additional pipeline infrastructure.

 

DSM Starts Mooring
Work on NCS

Deep Sea Mooring (DSM), a Vryhof company, has begun work on a contract to provide pre-lay mooring products and services to the Deepsea Bergen semisubmersible drilling rig on the Norwegian Continental Shelf (NCS). Austrian oil and gas company OMV has deployed the semisubmersible rig to support drilling activities in the region.

The pre-lay mooring equipment and services provided will include chain, fiber ropes, anchors, connectors, buoyancy and handling equipment, as well as mobilization and demobilization services.

 

Confidence Rising
In Oil, Gas Industry

Senior oil and gas sector professionals expect a step change in the industry’s capex, opex and R&D spending levels in 2018, according to a DNV GL study. Confidence in industry growth has risen globally from 32 percent in 2017 to 63 percent this year. Two-thirds of respondents say their company will maintain or increase spending in 2018. Industry leaders see the need to maintain a tight control over costs to support the leaner, smarter projects and operations that will be necessary to maintain margins.