DOCSLIB.ORG

Engulfed by the Tide: Tidewater and Gulfmark to Combine Contents

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Engulfed by the Tide: Tidewater and Gulfmark to Combine Contents THE SEABROKERS MONTHLY MARKET REPORT JULY 2018 ENGULFED BY THE TIDE: TIDEWATER AND GULFMARK TO COMBINE CONTENTS 3 OSV MARKET ROUND-UP ABOUT SEABROKERS GROUP 6 OSV AVAILABILITY, RATES & The Seabrokers Group was established in 1982. We provide a unique and varied range of services to UTILISATION - NORTH SEA clients. The Seabrokers Group has an experienced workforce within Shipbroking, Real Estate, Facili- 7 MONTHLY OSV SPOT RATES - ties Management, Construction, Sea Surveillance, Harbour Cranes and Safe Lifting Operations. NORTH SEA Our head office is located in Stavanger, but we also have offices in Aberdeen, Bergen and Rio de 8 FEATURE VESSEL Janeiro. The Seabrokers Group is different – and we are 9 OSV NEWBUILDINGS, CONVERSIONS, proud of this fact. Our information, experience and knowledge provide us with the ability to perform SALE & PURCHASE in our diverse business areas. 11 SUBSEA Seabrokers Chartering AS and Seabrokers Ltd are certified by DNV GL in line with Management System Standard ISO 9001:2008. 14 RENEWABLES 15 RIGS 16 CONUNDRUM CORNER & DUTY PHONES SHIPBROKING REAL ESTATE SECURALIFT FACILITY MANAGEMENT Production and Administration: Seabrokers Ltd, Aberdeen SEA SURVEILLANCE FOUNDATIONS For your free copy of Seabreeze, email: YACHTING HARBOUR CRANES [email protected] The Seabreeze Monthly Market Report OUR OFFICES: is distributed worldwide through STAVANGER BERGEN SKIEN our offices in Aberdeen, Stavanger and Rio de Janeiro. ABERDEEN RIO DE JANEIRO © Seabrokers Group 2018 www.seabrokers-group.com OSV MARKET ROUND-UP OWNERS READY FOR TIDEWATER AND GULFMARK TO COMBINE HIGHER RATES The Boards of Directors at of the combined company will be Tidewater Inc and GulfMark approximately USD 1.25 billion. July turned out to be yet Offshore Inc have unanimously As part of this process, USD 100 another exasperating month approved a definitive agreement million of existing GulfMark for AHTS owners in the North to combine the two companies. debt is expected to be repaid. Sea. Summer is here... this is The transaction is expected This will enable Tidewater when they are expecting to to close in the fourth quarter to maintain its pro forma net make their money, and it just of 2018, with the combined debt of approximately USD 100 hasn’t happened so far this year. company operating under the million, with pro forma available Average spot AHTS rates over Tidewater brand under the liquidity of more than USD 300 the last few months have varied leadership of current Tidewater million. from GBP 8,500 - 17,000, which CEO John Rynd. makes pretty grim reading for With a fleet of circa 245 vessels, owners (see p.7 for details). GulfMark shareholders will the combined company will have The market has been impacted receive 1.1 shares of common the industry’s largest fleet, and because a general expectation for Tidewater stock for each share the transaction is expected to improved trading conditions this of GulfMark common stock held. generate cost synergies of around year persuaded several owners The equity market capitalisation USD 30 million. to reactivate vessels from layup, or to relocate tonnage from other regions, thereby increasing the VESSEL VALUES ON THE RISE... SLOWLY competition for work. As the offshore crisis emerged 1990s, Tord Stemland, stated However, while charterers in 2014, banks still had to assess “we have definitely stopped have been enjoying the low their capital commitments decreasing our valuations for rates recently, perhaps they against the value of the assets modern vessels and are now should brace for a changing of being financed and used as looking North instead of South. the tide, with a long list of rig collateral. And in the depth of the As far as we can see, this will be moves scheduled for August. crisis, shipbrokers lowered their the direction for the foreseeable The market has already shown vessel valuations in response future, unless the forthcoming signs of tightening, and the to the declining activity. In this restructuring between owners long-suffering AHTS owners respect, Seabrokers was one of and lenders produce significant are poised to capitalise if there is the first offshore shipbrokers to numbers of stranded assets.” The an opportunity to pick up some start lowering ship values. methodology for charter-free more lucrative fixtures. valuations between a willing But in view of higher oil prices, seller and a willing buyer is In the PSV market, owners have and increased rig and vessel based upon three fundamental experienced further marginal tender activity, Seabrokers are pillars – newbuilding prices of improvements to trading of the opinion that the bottom similar tonnage (age adjusted), conditions. July drew this year’s of the market is behind us and second-hand transactions of highest average spot rate of we are now raising the values similar tonnage (age adjusted if GBP 9,360 for large vessels, and of large and modern tonnage, needed), and Seabrokers’ opinion owners will be hoping this will albeit in small steps. Seabrokers’ of the charter market for similar continue throughout the summer. lead valuation analyst since the tonnage going forward 6 months. SEABREEZE 3 OSV MARKET ROUND-UP GLOBAL FIXTURES FOR SOLSTAD FARSTAD In further signs of an improving market, SolstadFarstad has picked up new term fixtures in various regions around the globe in recent weeks. In the eastern hemisphere, AHTS vessel Far Statesman has been contracted for a five-month period to support Eni with a deepwater drilling programme with semisubmersible Scarabeo 7 offshore Indonesia. The charter commenced in July. In Oceania, AHTS vessels Far Senator (pictured c/o O Halland) and Far Saracen, and PSV Sea Cooper Energy but will remain Elsewhere, BP Egypt has retained Swan, will continue supporting with the Monarch when it moves PSV Sea Swift for another year, semisubmersible rig Ocean onto an ExxonMobil contract, and Equinor Brasil has awarded Monarch offshore Australia. The potentially keeping them busy three-month extensions to PSVs vessels have been working for until the first quarter of 2019. Far Scotsman and Far Serenade. MØKSTER VESSELS STAY WITH AKER BP Simon Møkster Shipping has least October 2018. received contract extensions with Aker BP that will see two of Both vessels were built to the its large PSVs firmly committed STX (VARD) PSV 09L CD design, offshore Norway for at least and delivered in 2011 and 2012 three more months. The Stril respectively. They have a length Orion and Stril Polar (pictured) of 93.5m, breadth of 19.0m and will now be kept busy until at deck area of more than 1,000m². NEW DENMARK CONTRACT FOR CLIPPER Havila Shipping has entered since mid-2014, and will now into a new contract with Total continue in a similar role going for a six-month charter of its forward but with Total since its PSV Havila Clipper offshore acquisition of Maersk Oil. The Denmark. Clipper (pictured c/o O Halland) is a Havyard 832 PSV. She is now The vessel has been working for firmly committed until at least Maersk Oil offshore Denmark January 2019. 4 SEABREEZE OSV MARKET ROUND-UP PEMEX DISHES OUT TERM FIXTURES PEMEX has awarded a raft of new contracts in recent weeks, securing no fewer than eight Mexican-flagged vessels on multi-year charters. According to IHS-Petrodata, the vessels were contracted for a period of 905 days, starting in July, that will see each of them committed offshore Mexico until the end of 2020. Tidewater was the recipient of three PSV fixtures, for the Greenwood Tide (pictured c/o M Prendergast), Hebert Tide and Lousteau Tide. Mantenimiento Express The eighth and final contract Maritimo for PSV Seacor Pride; award went to Grupo TMM, for The other successful parties were Marinsa de Mexico for PSV an equivalent 905-day contract, Administradores Navieros del Atalaya; and Naviera Bourbon but this time for an AHTS vessel, Golfo for PSV NN Algeiba; for PSV Cabo Rojo. the Isla Santa Cruz. CNR KEEPS K LINE PSV CNR International has exercised supporting operations at the a one-year option on its contract Ninian field in the northern with K Line PSV KL Brevikfjord. North Sea. The Brevikfjord, This extension will keep the delivered in 2010, was built vessel occupied in the UK sector to the STX (VARD) PSV 06 until at least July 2019. The KL CD design. She has a length of Brevikfjord has been working 94.9m, a breadth of 20.0m and a for CNR since July 2016; she is deck area of 1,100m². CONTENDER FOR ENQUEST AND TAQA EnQuest Heather Ltd and TAQA with two further one-year Bratani Ltd have awarded a options available. She will be contract to North Star Shipping providing emergency response for a multi-year charter with cover at EnQuest’s Heather ERRV Grampian Contender in field and TAQA’s Cormorant the UK sector of the North Sea. Alpha platform. The Grampian The vessel has been contracted Contender is a 2006-built IMT for a firm period of two years 948 ERRV. SEABREEZE 5 OSV RATES & UTILISATION JULY 2018 - DAILY NORTH SEA OSV AVAILABILITY PSV 2018 PSV 2017 AHTS 2018 AHTS 2017 22 20 18 16 14 12 10 8 6 4 2 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 RATES & UTILISATION NORTH SEA SPOT AVERAGE UTILISATION JULY 2018 TYPE JUL 2018 JUN 2018 MAY 2018 APR 2018 MAR 2018 FEB 2018 MED PSV 58% 72% 64% 57% 58% 56% LARGE PSV 80% 82% 75% 83% 74% 76% MED AHTS 58% 44% 46% 63% 55% 23% LARGE AHTS 59% 58% 56% 61% 60% 61% NORTH SEA AVERAGE RATES JULY 2018 AVERAGE RATE AVERAGE RATE CATEGORY % CHANGE MINIMUM MAXIMUM JUL 2018 JUL 2017 SUPPLY DUTIES PSVS < 900M2 £8,275 £10,271 -19.43% £4,500 £18,650 SUPPLY DUTIES PSVS > 900M2 £9,360 £9,709 -3.59% £5,500 £18,666 AHTS DUTIES AHTS < 22,000 BHP £12,303 £38,293 -67.87% £5,500 £30,000 AHTS DUTIES AHTS > 22,000 BHP £14,112 £29,457 -52.09% £7,000 £29,865 SPOT MARKET ARRIVALS & DEPARTURES JULY 2018 ARRIVALS - NORTH SEA SPOT DEPARTURES - NORTH SEA SPOT PACIFIC DOVE EX WEST AFRICA PACIFIC DOVE MEDITERRANEAN SKANDI SAIGON EX MEDITERRANEAN PACIFIC LEADER WEST AFRICA SKANDI SKANSEN WEST AFRICA UNION PRINCESS WEST AFRICA * Vessels arriving in or departing from the North Sea term/layup market are not included here.
Load more

Recommended publications
  • Applying Strong Sapir-Whorf to Proto-Nostratic” (Ganon Evans, James Lasker, Todd Maslyk, Conor Thompson)
    DECAMERON packet by “Applying Strong Sapir-Whorf to Proto-Nostratic” (Ganon Evans, James Lasker, Todd Maslyk, Conor Thompson) 1. Livy identified a war hero who took his name from this location as the first populist; that hero was Marcus Manlius. Looking out onto the Roman Forum, the Tabularium was built in this location. The Equestrian ​ ​ Statue of Marcus Aurelius can be found today in a series of museums in this location. Tarquin the Proud’s Sibylline Books were destroyed after a fire in a temple at this location. After the Rape of the Sabine Women, many Sabines immigrated to this location, which was where Roman criminals were (*) flung off the Tarpeian ​ Rock. After the Battle of Allia, a flock of geese alerted citizens to Gauls attempting to climb this location. The Temple of Jupiter Optimus Maximus crowned this location. For 10 points, name this smallest of the Seven Hills of Rome. ANSWER: Capitoline Hill [or Capitolium or Campidoglio; prompt on Rome with “What part of Rome?” ; accept ​ ​ ​ ​ ​ ​ ​ ​ Marcus Manlius Capitolinus; prompt on the Temple of Jupiter before mention] <GE, Ancient History> ​ ​ ​ ​ 2. Its not by Chekhov, but a scribbling written in one of these places states “Me and Big Uncle Vanya killed the death of the cow!” While in one of these locations, a man complaining about a barking dog is discovered the next day with a dog fur hat. The French tutor Goyvanchikov is given a golden kopek by a little girl “in Christ’s name” on his way to one of these locations. A poet member of the Petrashevsky Circle named Segrei Durov was omitted from an author’s (*) semibiographical account of life in one of these locations in Omsk called ​ Notes from a Dead House.
    [Show full text]
  • Action Plan for Response to Marine
    European Maritime Safety Agency Action Plan for Response to Marine Pollution from Oil and Gas Installations European Maritime Safety Agency Action Plan for response to Marine Pollution from Oil and Gas Installations As adopted by EMSA´s Administrative Board at its 37th Meeting held in Lisbon, Portugal, on 13-14 November 2013 Table of Contents EXECUTIVE SUMMARY 6 1 INTRODUCTION 9 2 INTERNATIONAL AND REGIONAL STRUCTURES FOR POLLUTION RESPONSE 11 2.1 International legal framework 11 2.1.1 International Conventions governing oil pollution from offshore installations 12 2.1.2 Liability and compensation for oil pollution damage from offshore installations 15 2.2 Regional Agreements 16 2.3 European framework 21 2.3.1 European legislation 21 2.3.2 Cooperation in the field of accidental or deliberate marine pollution 23 2.3.3 Civil protection cooperation at EU level 23 2.3.4 The Agency’s activities in the field of oil pollution originating from offshore installations 24 3 SPECIFIC RESPONSE MEASURES FOR SPILLS FROM OFFSHORE INSTALLATIONS 25 3.1 Particularities of pollution caused by offshore installations 25 3.1.1 Well blowouts 26 3.1.2 Other spills from offshore oil activities 27 3.2 Challenges of responding to pollution caused by offshore installations 27 3.2.1 Spill source control 27 3.2.2 Environmental conditions 28 3.2.3 Spill size and duration 29 3.2.4 Particularities of the well and oil properties 29 3.3 Response measures 31 3.3.1 Well capping and containment 31 3.3.2 Mechanical recovery 32 3.3.3 Dispersants application 33 3.3.4 In-situ
    [Show full text]
  • English Summary of the Report Included, Inter Alia, the Following Observations: “7.4 Assessments and Conclusions After the Survey
    FORMER FIRST SECTION CASE OF VILNES AND OTHERS v. NORWAY (Applications nos. 52806/09 and 22703/10) JUDGMENT STRASBOURG 5 December 2013 FINAL 24/03/2014 This judgment has become final under Article 44 § 2 of the Convention. It may be subject to editorial revision. VILNES AND OTHERS v. NORWAY JUDGMENT 1 In the case of Vilnes and Others v. Norway, The European Court of Human Rights (Former First Section), sitting as a Chamber composed of: Nina Vajić, President, Peer Lorenzen, Khanlar Hajiyev, Mirjana Lazarova Trajkovska, Julia Laffranque, Linos-Alexandre Sicilianos, judges, Dag Bugge Nordén, ad hoc judge, and Søren Nielsen, Section Registrar, Having deliberated in private on 12 November 2013, Delivers the following judgment, which was adopted on that date: PROCEDURE 1. The case originated in two applications (nos. 52806/09 and 22703/10) against the Kingdom of Norway lodged with the Court under Article 34 of the Convention for the Protection of Human Rights and Fundamental Freedoms (“the Convention”) on 24 September 2009 and 7 April 2010 respectively. Mr Dag Vilnes brought the first application. Mr Magn Håkon Muledal, Mr Anders Lindahl, Mr Sigurdur P. Hafsteinsson, Mr Knut Arvid Nygård, Mr Bjørn Anders Nesdal and Mr Per Arne Jakobsen brought the second application. Mr Lindahl is a Swedish national, Mr Sigurdur P. Hafsteinsson is an Icelandic national and the other five applicants are Norwegian nationals. 2. Mr Vilnes was represented by Mr E. Ludvigsen, a lawyer practising in Tønsberg. The other six applicants were initially represented by Mrs K. H. Øren, a lawyer practising in Oslo. Subsequently Mr Muledal, Mr Lindahl, Mr Sigurdur P.
    [Show full text]
  • Byford Dolphin SPS
    Issue 5 / March / 2015 Monitor Systems: design, build and install electrical & electronic control & monitoring Instrumentation systems for energy industry vessels such as jack-ups, semi-submersibles, drillships, platforms, FPSO’s, support vessels to industry compliant standards. We also survey and provide full project management. Call of Duty Byford Dolphin SPS Oil and at what cost to us? Crown Block Monitoring System Drillship BOP Monitoring System Mud Pump Control Console ATEX Compliant Monitoring Systems Custom Design Engineering Long term supply for major companies #RIG´up´ Issue 5 / April 2015 ‘Insight’ #RIG´up´ well documented challenges of operating in toughening economic and market conditions with a low oil price, major CONTENTS Oil and at what cost to us? oil companies are simply responding to market forces. It’s unfortunate that the workforce behind our industry is the casualty, but steps to streamline operations will ensure that companies will remain competitive, robust and operational. 03 / Oil and at what cost to us? Some things are better explained through art than article. There is evidence to suggests that some oil companies Bob Rich is able to also show the ‘human impact factor’ of the oil price crash by way of his cartoon, “Help!, I’ve fallen are now reducing production because they’re simply not and I can’t get up.” making any profit. A recent survey carried out also shows that the number of rigs actively drilling for oil fell by 29%, 04 - 06 / Call of Duty: Byford Dolphin SPS 04 from a record high of 1,609 in October 2014 to 1,140 in Harland and Wolff was awarded the contract for the dry February/March 2015.
    [Show full text]
  • 1 Issue ONE 2020
    THREE UTUNDERWATER TECHNOLOGY Issue ONE 2020 Issue VEHICLES LIFTING ARCHAEOLOGY 1 THREE MERMAC S series UT Multipurpose winch series UNDERWATER TECHNOLOGY Portable scientific winches Oceanographic profiling and CTD systems SOCIETY FOR UNDERWATER TECHNOLOGY 2 John Street, London WC1N 2ES ISSN: 1752-0592 Vol 14 No 1 Editor: John Howes [email protected] +44 7859905550 Editorial Assistant: Harley Quinn Production: Sue Denham Research: Melanie Hamilton-Perry Advertising: Zinat Hassan [email protected] Tel: +44 (0) 845 6522 483 Subbottom Mobile: +44 (0) 781 1200 483 profiler systems Side scan Published by UT2 Publishing for and on behalf sonar systems of the Society for Underwater Technology. Reproduction of UT2 in whole or in part, without permission, is prohibited. The publisher and the SUT assumes no responsibility for unsolicited material, nor responsibility for content of any advertisement, particularly infringement of copyrights, trademarks, intellectual property rights MacArtney global solutions and patents, nor liability for misrepresentations, false or misleading statements and illustrations. These are the sole responsibility of the advertiser. Denmark Norway Sweden United Kingdom France Opinions of the writers are not necessarily those Italy Germany Netherlands USA Canada Chile of the SUT or the publishers. Brazil Singapore China Australia 2 3 NEWS NEWS CAISTER COLLABORATIONS Mammoet has acquired heavy lifting Last September, Chrysaor completed the acquisition SUBSEA WATCHER and transport specialists Ale. of ConocoPhillips’ UK oil and gas business . The Those of us that used to enjoy reading Steve Both companies are active in the company is currently making progress through a petrochemical industry, renewable ten-year decommissioning project covering these Sasanow deliberate on events in Subsea Engineering energy, power generation, civil facilities.
    [Show full text]
  • Offshore Special Edition
    125 years STANDARD BULLETIN SETTING THE STANDARD FOR SERVICE AND SECURITY October 2010 OFFSHORE SPECIAL EDITION Welcome to the fifth Offshore edition of the Standard Bulletin. This is a special year for Standard Offshore, as it has been 10 years since the club first set up a dedicated team to handle our offshore business. 2000 was also the year we held the first Offshore Forum, a half-day seminar for 19 people held in the boardroom at the Standard Club’s office at International House. This year we will welcome over 70 guests to the 10th Offshore Forum in the considerably grander surroundings of Trinity House. They will include many representatives of a much expanded book of Standard Offshore business which, like the Forum, has grown considerably in the intervening decade, from Barbara Jennings: Director Offshore, around 4m gt to 12m gt today. Standard Club Telephone: +44 20 3320 8830 Both the club and the offshore oil and energy business have seen a E-mail: [email protected] great deal of change in those 10 years. The club has grown in tonnage terms and is now the largest it has ever been, with 110m gt entered of IN THIS ISSUE which the offshore book makes up 11%. Since 2006, the offshore 2 Offshore energy insurance – where next? business has been handled by a specialist Offshore Syndicate, and as of last year, floating production storage and offloading vessels (FPSOs) 3 Managing contractual exposures and drilling units entered with the club are insured under their own 5 Dealing with risk in offshore drilling standalone Standard Offshore Rules, designed specifically for our 12 Limitation of liability for pollution damage members who operate in the offshore oil and gas exploration and production industry.
    [Show full text]
  • Thinking Sustainability
    ANALYSIS iStock-1214759696 For love of the game: (Re)Thinking Sustainability Aadil Omar HEAD OF EQUITY RESEARCH i KEY TAKE-AWAYS People naturally opt for sustainable choices when If people approach sustainability with the aim that choice is iterated over time: their intuitive of winning, there is an incentive to cheat. decisions are based on rewards in relation to This can lead to serious harm, as in the VW how sustainable an activity is. Short-termism “Dieselgate” scandal. Short-termism and self- usually has sub-optimal results. interest trumped sustainability. The spirit of sustainability is akin to an infinite The flood of money into “sustainable” game, where there are no winners or losers, investments now gives people an incentive to only ongoing interaction that benefits all sides. cheat by “greenwashing” or hyping their funds, This is opposed to a finite game which has exacerbated by the complexity of measuring rules, and participants have a short-term win/ sustainability. Investors need to be aware of Prudential Investment Managers © lose mindset. this risk. Consider this QUARTER 03 2021 Page 1 ANALYSIS FOR LOVE OF THE GAME: (RE)THINKING SUSTAINABILITY ear the word “sustainability” maintain at a certain rate over time. Hand you are likely to imagine the As far as the practicalities of life are whirring blades of a windmill out at concerned, people easily grasp the sea or the glint of photovoltaic solar concept of sustainability. We make panels as they shimmer in the mid- intuitive decisions based on rewards day sun. Keep your eyes closed a little in relation to how sustainable an longer and you dream of futuristic activity is.
    [Show full text]
  • EUGENE SCIENCE CENTER We Are Aliens – a Guide for Educators Prepared by Haley Sharp, Eugene Science Center Planetarium Direct
    We Are Aliens – A Guide for Educators Prepared by Haley Sharp, Eugene Science Center Planetarium Director, [email protected] About the Planetarium Show We Are Aliens invites your students to explore how our understanding of life on Earth guides the hunt for alien life elsewhere in the universe. We visit Mars, Europa and distant exoplanets to help answer the ultimate question... are we alone? Explore what life needs to thrive and how astronomers use clever techniques to find planets around distant stars in this immersive program that perfectly balances science, education, and entertainment. Next Generation Science Standards We Are Aliens explores topics in each of the four disciplinary core ideas as outlined in the Next Generation Science Standards: physical sciences; life sciences; earth and space sciences; and engineering, technology, and applications of science. From a thorough investigation of the incredible diversity of lifeforms found on Earth, to imagining space missions that can hunt for alien life in our solar system and beyond, there are many ways to connect this planetarium program to your current science lessons. Some relevant standards are listed below: K-LS1-1 Use observations to describe patterns of what plants and animals need to survive. 1-ESS1-1 Use observations of the sun, moon, and stars to describe patterns that can be predicted. 2-LS4-1 Make observations of planets and animals to compare the diversity of life in different habitats. 2-ESS2-3 Obtain information to identify where water is found on Earth and that it can be solid or liquid. 3-LS4-3 Construct an argument with evidence that in a particular habitat some organisms can survive well, some survive less well, and some cannot survive at all.
    [Show full text]
  • Technical Proposal Package
    Danfoss Sea Recovery Corporation 19610 Rancho Way Rancho Dominguez California, 90220 Tel (800) 354-2000 Fax (310) 637-3430 www.searecovery.com TECHNICAL PROPOSAL PACKAGE REVISION DATE: May 2011 ITEM: DANFOSS Seawater Reverse Osmosis Fresh Water Maker PROJECT: Water Vessel PREPARED BY: Freddy Brandsborg Content: • Company background 1 • Scope of Supply of watermaker 8 • Exception list 1 • Customer requirements 1 • Process & Instrumentation Drawing (P&ID) 1 • Mechanical overview drawing 1 • Membrane calculation sheets 6 • FAT test protocol 6 • ABS Certification 2 • References 3 • GENERAL TERMS AND CONDITIONS OF SALE 1 Presentation of Danfoss Sea Recovery and Danfoss Group Danfoss Sea Recovery Danfoss Sea Recovery is the pioneer of fresh water generators designed to accommodate industry demands. Our high capacity water systems are built to be safe, easy to operate, and easy to maintain. Our innovative features such as touch screen interfaces, network capable controls, and automated maintenance functions provide an easy, reliable resource for fresh water production in the most extreme conditions. After 27 years of developing, producing RO watermakers, Danfoss Sea Recovery is today the world leading supplier producing more than 1500 watermakers per year. With an extensive network of more than 250 dealers and certified service distributors we ensure that wherever your need for service or consumables we will be available to serve you. The Danfoss Group Danfoss A/S is an international Group and a leader in research, development and production of mechanical and electronic components and solutions. Our products help to heat and cool homes and offices, refrigerate food and control production lines. In short, Danfoss contributes to the conveniences of modern life as well as to a cleaner environment.
    [Show full text]
  • Offshore Norway
    Offshore Norway 2002 Offshore Norway 2002 THE NORWEGIAN PETROLEUM DIRECTORATE ANNUAL REPORT 2 3 Offshore Norway 2002 Offshore Norway 2002 PART 1 SIGNALS 2 Health, Environment and Safety 48 2.1 Personal injuries 48 Value is not found but created 4 2.2 Work-related diseases 49 A visible NPD - value and dilemma 7 CONTENTS Renewal required on the NCS 11 2.3 Damage to load-bearing structures Those who seek will find 14 and pipelines 50 In the shadow of two fatalities 16 2.4 Hydrocarbon leaks and fires 51 Published by: The Norwegian Petroleum 2.5 Diving activity 52 Directorate Prof. Olav Hanssensv.10 P.O.Box 600 3 The Petroleum Activities and NO-4003 Stavanger PART 2 FACTS the Environment 53 Norway 1 Resource Management 20 Tel: +47 51 87 60 00 Fax: +47 51 55 15 71 1.1 The Resource accounting 20 PART 3 CO-OPERATION AND ORGANISATION E-mail: [email protected] 1.1.1 Resource accounting for 2002 20 Internet: www.npd.no 1.1.2 Resource status 20 Editorial team: 1.2 Exploration licenses 24 Projects 56 Inger Anda 1.3 Exploration activities 24 International Co-operation 60 Arne Bjørøen Britt-Laila Dahlberg 1.4 Production licenses 25 Organisation 65 Thor Gunnar Dahle 1.5 Exploration activty 25 Øystein Dretvik 1.5.1 Exploration drilling 25 Rune Goa 1.5.2 Exploration costs 32 Tarjei Moen Janne-B. Carlsen N’jai 1.6 Development and operations 33 1.6.1 Development drilling 39 Printed by: Gunnarshaug Trykkeri AS 1.6.2 Cessation plan 40 Appendix 1 68 1.7 Transportation systems 40 Appendix 2 78 Paper: 1.8 Production of oil and gas 42 Appendix 3 80 Lessebo Linne hvit, 1.9 Sale and taxes 42 150/250 g 1.9.1 Sale of petroleum 42 1.9.2 Production royalty 42 1.9.3 Area fees 43 1.9.4 CO2 -tax 45 1.10 Natural gas market 46 OFFSHORE NORWAY ON THE INTERNET: www.npd.no 4 5 The NPD’s overall aim is to contribute to creating the highest possible value for society from oil Value is not found but created and gas activities founded on sound management of resources, safety and the environment.
    [Show full text]
  • Former First Section Case of Vilnes And
    FORMER FIRST SECTION CASE OF VILNES AND OTHERS v. NORWAY (Applications nos. 52806/09 and 22703/10) JUDGMENT STRASBOURG 5 December 2013 This judgment will become final in the circumstances set out in Article 44 § 2 of the Convention. It may be subject to editorial revision. VILNES AND OTHERS v. NORWAY JUDGMENT 1 In the case of Vilnes and Others v. Norway, The European Court of Human Rights (Former First Section), sitting as a Chamber composed of: Nina Vajić, President, Peer Lorenzen, Khanlar Hajiyev, Mirjana Lazarova Trajkovska, Julia Laffranque, Linos-Alexandre Sicilianos, judges, Dag Bugge Nordén, ad hoc judge, and Søren Nielsen, Section Registrar, Having deliberated in private on 12 November 2013, Delivers the following judgment, which was adopted on that date: PROCEDURE 1. The case originated in two applications (nos. 52806/09 and 22703/10) against the Kingdom of Norway lodged with the Court under Article 34 of the Convention for the Protection of Human Rights and Fundamental Freedoms (“the Convention”) on 24 September 2009 and 7 April 2010 respectively. Mr Dag Vilnes brought the first application. Mr Magn Håkon Muledal, Mr Anders Lindahl, Mr Sigurdur P. Hafsteinsson, Mr Knut Arvid Nygård, Mr Bjørn Anders Nesdal and Mr Per Arne Jakobsen brought the second application. Mr Lindahl is a Swedish national, Mr Sigurdur P. Hafsteinsson is an Icelandic national and the other five applicants are Norwegian nationals. 2. Mr Vilnes was represented by Mr E. Ludvigsen, a lawyer practising in Tønsberg. The other six applicants were initially represented by Mrs K. H. Øren, a lawyer practising in Oslo. Subsequently Mr Muledal, Mr Lindahl, Mr Sigurdur P.
    [Show full text]
  • Case Study: Lessons Learned from Explosive Decompression at Byford Dolphin
    Case Study: Lessons Learned from Explosive Decompression at Byford Dolphin Denis Su-Feher PhD Student, Chemical Engineering Mary Kay O’Connor Process Safety Center Outline • Byford Dolphin Overview • Decompression • Sequence of Events • Investigation Findings • Analysis • Lessons Learned Byford Dolphin Drilling Rig1 2 Byford Dolphin Overview2,3 • Date: November 5, 1983 • Time: 04:00 AM • Location: Frigg Gas Field • Semi-submersible Closed Diving Bell2 offshore drilling rig • Operated by Dolphin Drilling Comex Decompression Chamber4 3 Decompression Sickness5,6,7 • Formation of gas bubbles in the body • Results in pain, fatigue, and loss of consciousness; possibly lethal 4 Explosive Decompression5 • Occurs at a rate swifter than that at which air can escape from the lungs • Less than 0.1 to 0.5 seconds • High risk of lung trauma • Danger of unsecured objects becoming projectiles • Likened to a bomb Explosive Decompression of detonation Boeing 7478 5 Explosive Decompression 6 Explosive Decompression 7 Explosive Decompression 8 History of Explosive Decompression Incidents • May, 1973 - Turkish Airlines Flight 9819 – TC-JAV – Cargo door failure • April,1975 - Tan Son Nhut10 – C-5 – Improper maintenance • August, 1981 - Far Eastern Air Transport Flight 10311 – Boeing 737 – Corrosion • August, 1985 - Japan Airlines Flight 12312 – Boeing 747 – Structural failure of rear pressure bulkhead 9 Gradual Decompression Procedure2,14 Byford Dolphin Diving Bell and Decompression Chamber 10 Gradual Decompression Procedure2,14 Byford Dolphin Diving Bell
    [Show full text]