DOCSLIB.ORG

Floatel & Prosafe Abandon Merger

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Floatel & Prosafe Abandon Merger FEBRUARY 2020 FLOATEL & PROSAFE ABANDON MERGER 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 SEAPORTAL FEATURE Janeiro. The Seabrokers Group is different – and we are 9 FEATURE VESSEL proud of this fact. Our information, experience and knowledge provide us with the ability to perform 10 OSV NEWBUILDINGS, CONVERSIONS, in our diverse business areas. SALE & PURCHASE Seabrokers Chartering AS and Seabrokers Ltd are certified by DNV GL in line with Management System Standard ISO 9001:2015. 11 SUBSEA 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 ABERDEEN RIO DE JANEIRO Rio de Janeiro. © Seabrokers Group 2020 www.seabrokers-group.com OSV MARKET ROUND-UP AHTS OWNERS EYEING PROSAFE & FLOATEL MERGER ABANDONED SPRING BOUNCE Floatel International and Prosafe fears that customers might face have decided to abandon the higher prices as a result of the It has been a tough start to intended merger between the merger. At the time, the UK’s the year for both owners and two companies, citing financial Competition Markets Authority charterers on the North Sea spot uncertainty and process risk. was in Phase 2 of the process. market. The winter weather has Had it gone through, the merger This followed the Norwegian wreaked havoc on the market for would have created the world’s Competition Authority’s earlier the first couple of months of the largest offshore accommodation decision in October 2019 to year. Frequent spells of stormy company. reject the proposed merger of weather have led to periods the companies due to similar where cargo runs and rig moves The two companies both advised concerns. have been continually shifted to that any near-term completion the right because of delays. of a merger was unlikely. In late Prosafe currently owns a January, competition authorities fleet of nine semisubmersible Some charterers have been in the UK found that blocking accommodation units with stung in the AHTS sector when the merger between Prosafe and another two newbuild rigs under favourable weather windows Floatel might be the only way construction, while Floatel owns haven’t actually remained to mitigate concerns related to five similar units. favourable for long enough to the lessening of competition and complete rig moves. This has led to some instances where spot requirements have been issued, QUARTERLY REFLECTION only for them to be cancelled (or chartered vessels off-hired) As the quarterly results season better utilisation, however even before the work could actually returns, a similar trend has with the modest improvement be completed. This meant there re-emerged from vessel owners. in rates and utilisation for the were spells where very few While trading conditions have AHTS fleet, the average earnings fixtures were awarded, and rates improved, especially for those are not sustainable.” Siem were sub GBP 10,000 / NOK in the North Sea, there is still a Offshore has identified positivity 120,000. painful debt burden for many within the large PSV sector, owners to overcome. noting that “demand for high- When the weather cleared there In its quarterly results analysis, end PSVs will increase... with was an uptick in the number DOF noted that the North Sea more requirements... than we of requirements, and trading market has “continued to prove have seen in previous years.” conditions were more favourable for owners in the latter stages of February. With several AHTS SEABROKERS LAUNCH SEAPORTAL vessels poised to depart the North Sea in the near future for Seabrokers are delighted to have communication and document project work in other regions, launched our revolutionary new management to the next level for local owners are expecting the vessel procurement software: the offshore industry. market to move more in their SeaPortal. SeaPortal is a next favour with spring just around generation application which Please see page 8 for an overview the corner. will take vessel chartering, of the features in SeaPortal. SEABREEZE 3 OSV MARKET ROUND-UP EQUINOR TAKES EIGHT Torsborg (pictured c/o O. Halland) Equinor has fixed up no fewer than eight PSVs on term charters as we move towards the peak spring/summer drilling season in Norway. The Havila Clipper, KL Brofjord, Saeborg, Stril Pioner, Torsborg, Troms Castor, Troms Pollux and Viking Queen have all been fixed up for a firm period of eight months with four further two- month options. The Havila Clipper, Stril Pioner and Viking Queen are already on hire to Equinor from previously charterers. The Troms Pollux While there are some other PSVs awarded term charters, while has recently been trading the concluding ‘winter’ contracts the KL Brofjord, Saeborg, North Sea spot market. All of the with Equinor over a similar time Torsborg and Troms Castor have eight vessels are scheduled to frame, Norwegian owners are recently been working on term commence their contracts with becoming more optimistic for contracts with other Norwegian Equinor in March or April. their pending summer season. HERMIT VESSELS SUPPORTING ISLAND INNOVATOR Two Hermitage Offshore PSVs first takes the rig on hire for will be providing support when a one-well plus two one-well the Island Innovator returns to options charter starting in the work offshore Norway in March/ spring. Thereafter, the vessels April for an estimated period of will continue to provide support 10 months. The Hermit Galaxy when the rig moves onto a one- and Hermit Horizon will be the well plus three one-well options Hermit Horizon (c/o L. Tucholski) support vessels when Capricorn contract with OMV Norway. MULTI-MILLION BP CONTRACT FOR VROON Vroon Offshore has secured a Sea and West of Shetland assets three-year contract extension until at least 2023. with BP with an estimated value The vessels in question are the of GBP 30 million (USD 38.3 2007-built Group B ERRVs VOS million). Discovery and VOS Innovator, The new agreement will see and the Group A ERRVs VOS four high-spec Vroon ERRVs Fairness (2014) and VOS Vigilant continuing to support BP’s North (2011). VOS Fairness 4 SEABREEZE OSV MARKET ROUND-UP DOUBLE PSV PAIR FOR PREMIER Normand Flipper (pictured c/o J. Bartels) Premier Oil has picked up two pairs of PSVs to support two separate drilling campaigns offshore the UK. Firstly, Premier has chartered the Rem Trader from Rem Offshore and the Standard Supplier from Fletcher Group/ Standard Drilling for a one-well programme. The vessels will be supporting Premier’s drilling operations with the Transocean Leader semisubmersible at the Solan field west of Shetland. The vessels will go on hire in March and are expected to be kept its upcoming drilling campaign with two one-well options. The occupied into the third quarter of with the Valaris JU-123. The development progamme at the the year. Skandi Caledonia and Normand Tolmount field will commence Flipper have been chartered in June 2020, with the four firm Meanwhile, Premier has also from DOF and Solstad Offshore wells estimated to take around picked up two PSVs to support for a firm period of four wells 400 days to complete. MAERSK DECOM LANDS FIRST COMPLETE P&A JOB Maersk Decom, a 50-50 joint The is the first project where venture between Maersk Supply Maersk Decom will provide an Service and Maersk Drilling, has end-to-end P&A solution under won a contract for the complete one contract, utilising a Maersk plugging and abandonment of Drilling rig and Maersk Supply Tullow Oil’s Banda and Tiof Service vessels. The offshore fields offshore Mauritania in execution phase of the project is West Africa. scheduled to start early in 2021. ALP SELECTED FOR MOZAMBIQUE PROJECT ALP Maritime Services has been Defender, Keeper, Striker and selected by TJJV (a joint venture Sweeper) will tow the 432m between TechnipFMC and Coral Sul FLNG vessel from JGC) to provide a spread of five South Korea, and two more AHT vessels for the Coral South 19,000 bhp ALP vessels will join project offshore Mozambique them in Mozambique to assist in East Africa. Three of ALP’s with the connection of twenty four FUTURE class vessels (ALP mooring lines to the FLNG unit. ALP Keeper (pictured c/o O. Halland) SEABREEZE 5 OSV RATES & UTILISATION FEBRUARY 2020 - DAILY NORTH SEA OSV AVAILABILITY PSV 2020 PSV 2019 AHTS 2020 AHTS 2019 28 26 24 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 RATES & UTILISATION NORTH SEA SPOT AVERAGE UTILISATION FEB 2020 TYPE FEB 2020 JAN 2020 DEC 2019 NOV 2019 OCT 2019 SEP 2019 MED PSV 63% 59% 66% 67% 62% 77% LARGE PSV 74% 65% 80% 68% 63% 78% MED AHTS 38% 13% 62% 51% 57% 66% LARGE AHTS 57% 36% 63% 62% 69% 61% NORTH SEA AVERAGE RATES FEB 2020 AVERAGE RATE AVERAGE RATE CATEGORY % CHANGE MINIMUM MAXIMUM FEB 2020 FEB 2019 SUPPLY DUTIES PSVS < 900M2 £6,308 £8,789 -28.23% £3,000 £15,000 SUPPLY DUTIES PSVS > 900M2 £8,014 £11,076 -27.65% £3,950 £12,495 AHTS DUTIES AHTS < 22,000 BHP £18,562 £14,899 +24.59% £5,500 £37,500 AHTS DUTIES AHTS > 22,000 BHP £16,901 £20,987 -19.47% £6,640 £44,818 SPOT MARKET ARRIVALS & DEPARTURES - FEBRUARY 2020 ARRIVALS - NORTH SEA SPOT DEPARTURES - NORTH SEA SPOT CARLO MARTELLO EX MEDITERRANEAN MAERSK CUTTER CANADA FARLAND EX AMERICAS PACIFIC DRAGON MEDITERRANEAN ISLAND VICTORY NEWBUILD LOKE VIKING EX RUSSIA MAERSK LASER EX SOUTH AMERICA * Vessels arriving in or departing from the North Sea term/layup market are not included here.
Load more

Recommended publications
  • Associazione Italiana Di Tecnica Navale 1947-2017 70 Anni a Sostegno Delle Attività Sul Mare E Sulle Acque Interne
    Mario Alimento, Claudio Boccalatte, Gianfranco Damilano e Bruno Della Loggia Associazione Italiana di Tecnica Navale 1947-2017 70 anni a sostegno delle attività sul mare e sulle acque interne Edizioni ETS Si ringrazia SiSi ringrazia ringrazia Si ringrazia Si ringrazia Si ringrazia Si ringrazia Si ringrazia Si ringraziano le seguenti Aziende per il gentile contributo alla Manifestazione Si ringraziano le seguenti Aziende per il gentile contributo alla Manifestazione Si ringrazia Si ringrazia Si ringraziano le seguenti Aziende per il gentile contributo alla Manifestazione Si ringraziano le seguenti Aziende per il gentile contributo alla Manifestazione Si ringraziano le seguenti Aziende per il gentile contributo alla Manifestazione Si ringraziano le seguenti Aziende per il gentile contributo alla Manifestazione Si ringraziano le seguenti Aziende per il gentile contributo alla Manifestazione Si Si ringraziano ringraziano le seguenti seguenti Aziende Aziende per per il il gentile gentile contributo alla Manifestazione contributo alla Manifestazione Si ringraziano le seguenti Aziende per il gentile contributo alla Manifestazione © Copyright 2017 Edizioni ETS Piazza Carrara, 16-19, I-56126 Pisa [email protected] www.edizioniets.com Distribuzione Messaggerie Libri SPA Sede legale: via G. Verdi 8 - 20090 Assago (MI) Promozione PDE PROMOZIONE SRL via Zago 2/2 - 40128 Bologna ISBN 978-884670000-0 Prefazione alla terza edizione 2017 Nel 2017 l’ATENA, Associazione Italiana di Tecnica Navale, celebra il suo settantesimo anniversario. Un recente ritrovamento di documenti ha reso pos- sibile datare al 1947 la fondazione dell’Associazione di cui fu primo Presidente l’Ing. Federico Martinoli. Da allora l’ATENA è sempre stata la principale protagonista nazionale nella promozione della cultura scientifica, tecnica e storica del mondo marittimo: i suoi Soci, sparsi su tutto il territorio italiano, sono i protagonisti e testimoni del progresso scientifico e tecnologico legato alla navigazione e, più in generale, al mondo del mare.
    [Show full text]
  • ANNUAL Report 2O12
    ANNUAL REPORT 2O12 The sea ahead ANNUAL REPORT 2O12 GIUSEPPE BONO CHIEF EXECUTIVE OFFICER OF FINCANTIERI Dear Shareholders, The year 2012 was a challenging one for Fincantieri in the face of a complex global environment, marked by increased competitive pressure and continued market depression but with oppor- tunities of growing strategic importance in the area of high-value new generation ships. This trend is confirmed by the fact that the merchant shipping industry’s investments in new vessels amounted to approximately USD 100 billion, in line with the 2011 figure, while reporting a 20% decrease in compensated gross tonnage. Unfortunately, the level of orders is still insufficient to ensure proper utilization of worldwide production capacity, with consequent pressure on prices. Fincantieri faces a shipping industry that is cautious about investment and wary of depressing fleet profitability, already under pressure due to the growth in operating costs, primarily sparked by the growth in bunker fuel price. The absence of speculative behavior, at least, is helping acce- lerate the process of industry rebalancing, in readiness for a medium-term recovery in demand. In the military field, defense budget cuts, especially in Europe and the United States, are heighte- ning the strategic importance of export markets that more and more often are demanding the transfer of technology or local construction. With regard to Fincantieri’s sectors of operation, the cruise industry has once again demonstra- ted flexibility and responsiveness to the crisis. Analysts are forecasting 3.8% average annual growth in cruise passenger numbers, an estimate that nonetheless reflects very prudent as- sumptions about expected growth in the Asian tourist market.
    [Show full text]
  • Annual Report 2019 Contents
    ANNUAL REPORT 2019 CONTENTS Highlights 2019 4 Letter from the CEO 8 Key Figures 2019 11 A Focused Portfolio 13 Board of Directors 41 Executive Management Team 45 Board of Directors’ Report 50 Reporting of Payments to Governments 71 The Board of Directors’ Report on Corporate Governance 73 Financial statements 83 3 · Aker BP Annual Report 2019 – HIGHLIGHTS 2019 I Q1 HIGHLIGHTS 2019 I Q2 14 JUNE – VALHALL QP TOPSIDE SAFELY REMOVED 19 MARCH - FIRST The original accommoda- OIL FROM ODA tion platform at Valhall (QP) First oil from the Spirit is safely removed by the 16 JANUARY – IVAR AASEN 7 APRIL – ULA DERRICK Energy-operated Oda giant vessel Pioneering OPERATED FROM ON- REMOVED field, some three Spirit. This is the rst of the SHORE CONTROL ROOM The derrick is removed from months ahead of plan. original structures at Valhall Aker BP becomes the first the Ula eld center using the to be removed as part of the copany on te Norean heavy lifting vessel Saipem modernization of the Valhall continental shelf to operate a 7000. The successful lifting eld center. manned platform from an operation is an important onshore control room. Ivar milestone in the upgrading Aaen n te Nort Sea and life extension of the Ula now operated from Aker BP’s area. Future drilling on the offices in Trondheim. eld will be carried out with modern jack-up rigs. AERBP NO BRENT BLEN US AERBP NO BRENT BLEN US 300 100 300 100 12 JUNE – BOND ISSUE OF USD 750 MILLION AT 4.75 % The size of the oering was increased from USD 500 million, indicated at launch on 10 June 2019, to USD 750 million.
    [Show full text]
  • Presentation to the Financial Community First Half 2009 Results
    Presentation to the Financial Community First Half 2009 Results July 2009 Forward-Looking Statements Forward-looking statements are based on a number of assumptions and expectations that could ultimately prove inaccurate, as they are subject to risks and variables, outside the company’s control, that could cause actual results to differ materially, including currency fluctuations, the level of capital expenditure in the oil and gas industry as well as other industries, the timing of development of energy resources, construction and project risks, armed conflict or political instability in the Arabic Gulf or other regions, the strength of competition and interest rate fluctuations. 2 Presentation Outline ¾ First Half 2009 Financial Results ¾ Oil & Gas Industry Market Outlook – What’s Changed? ¾ Saipem’s Strategy for Current (Weak) Market ¾ Saipem Medium/ Long Term Strategy Focus on ‘Tough Trends’: ¾ 1. Hydrocarbons in Developing Countries Focus on Onshore ¾ 2. Deep/Ultra-Deep Water 2.a. Drilling 2.b. Field Development ¾ 3. Extreme Pipelines ¾ Conclusions 3 First Half 2009 Financial Results 4 Financials (Mln €) Revenues EBITDA EBIT Net Profit Adjusted 51585158 802802 46194619 % on 582 % on Revenues 582 Revenues 164164 (6.8%) 652652 % on % on 489489 138138 (5.7%) 24062406 Revenues Revenues 81 (30.1%) 154 (6.3%) 81 374374 24422442 154 131131 (5.4%) 3131 (11.5%) (51.0%) (30.3%) 146146 (35.0%) 6060 (16.7%) 100100 269269 3333 286286 123123 (51.7%) 198198 9191 (38.2%) 321 238238 (14.2%) 411 (18.7%) 313313 21972197 411 17411741 315315 (18.1%) 234234 (13.4%) 1H 2008 1H 2009 1H 2008 1H 2009 1H 2008 1H 2009 1H 2008 1H 2009 Saipem Group Business Units Offshore Offshore Drilling Onshore Onshore 5 Financials (Mln €) Capex Sources and Application of Funds, Net Debt & D/E Ratio 2044 60 D/E =0.87 2751 425425 1600 30 D/E = 0.74 110110 2032 796796 700700 979 880 1348 229229 239239 629 763763 760760 35 880880 594594 Net Debt Application Sources of Net Debt 1H 2008 2008 1H 2009 2009E* @ Dec.
    [Show full text]
  • Seizing Opportunities
    Seizing opportunities Annual report and accounts 2003 Finland Norway Sweden Estonia Denmark Latvia UK Russia Ireland Lithuania Belgium Poland France Germany Kazakhstan Austria Georgia Italy USA Azerbaijan Portugal Turkey Algeria Iran China Saudi Arabia Abu Dhabi Mexico Venezuela Nigeria Singapore Angola Brazil Statoil is represented in 28 countries. Head office is in Stavanger. The Borealis petrochemicals group has production facilities in 11 countries and its head office is in Copenhagen. Borealis is owned 50 per cent by Statoil. Statoil 2003 Statoil is an integrated oil and gas company with substantial international activities. Represented in 28 countries, the group had 19 326 employees at the end of 2003. Nearly 40 per cent of these employees work outside Norway. Statoil is the leading producer on the Norwegian continental shelf and is operator for 20 oil and gas fields. The group’s international production is enjoying strong growth, and Statoil is a leading retailer of petrol and oil products in Scandinavia, Ireland, Poland and the Baltic states. One of the major suppliers of natural gas to the European market, Statoil is also one of the world’s biggest sellers of crude oil. As one of the world’s largest operators for offshore oil and gas activities, Statoil has been used to tackling major challenges with regard to safety and the environment from the very start. Today, we are one of the world’s most environmentally-efficient producers and transporters of oil and gas. Our goal is to generate good financial results for our shareholders through a sound and proactive business performance. It is our ambition to achieve good results across three bottom lines – financial, environmental and social – which strengthen each other in the long term and contribute to building a robust company.
    [Show full text]
  • MWL Apr 2015 Draft 1__Marin
    MMaarriinneerrss WWEEAATTHHEERR LLOOGG Volume 59, Number 1 April 2015 From the Editor What a great issue this is! Along with our regular contributors, we have a couple of articles that I know you will really enjoy. One is from our PMO located in Miami Florida, David Dellinger. David sub- mitted an article on a strange phenomenon “fall streak holes”. I myself have never seen this particular type phenomenon nor did I know it existed. Rarely does it occur so far south in the Miami area, Mariners Weather Log so as you can imagine, Dave and emergency managers received quite ISSN 0025-3367 a few phone calls. Recently, (within the past couple of weeks) I was invited to a local art show by a friend. In this art show were such cre- U.S. Department of Commerce ations as water color, sculpture and fine photography. Well there it Dr. Kathryn D. Sullivan Under Secretary of Commerce for Oceans and Atmosphere & Acting was, among ravens and landscapes, a photograph of a “fall streak”. NOAA Administrator As luck would have it, because of my new found knowledge I was Acting Administrator able to discuss the photograph because of the article, thanks Dave! National Weather Service Dr. Louis Uccellini Another article I know you will thoroughly enjoy; Lafayette’s NOAA Assistant Administrator for Weather Services Hermione (her-my-oh-Knee) Voyage 2015. The article will not only Editorial Supervisor give you a history lesson, it describes the concept and effort of recon- Paula M. Rychtar structing an exact replica of General Lafayette 18th century ship called the Hermione.
    [Show full text]
  • Relazione Finanziaria Annuale Al 31 Dicembre 2019 001-072Saipembil19ita.Qxd 6-04-2020 15:35 Pagina II
    001-072SaipemBil19Ita.qxd 6-04-2020 15:35 Pagina I Relazione finanziaria annuale al 31 dicembre 2019 001-072SaipemBil19Ita.qxd 6-04-2020 15:35 Pagina II Missione Realizzare progetti straordinari spingendo sempre oltre le frontiere dell’innovazione facendo leva sulla compe- tenza delle nostre persone e sulla solidità, multiculturalità e integrità di un distintivo modello organizzativo. Affrontare e vincere le sfide poste dall’evoluzione degli scenari e dalle loro interconnessioni, cogliendo le op- portunità per continuare a creare valore economico e sociale per i nostri stakeholder. Valori Innovazione; salute, sicurezza e ambiente; multiculturalità; passione; integrità. Disclaimer I dati e le informazioni previsionali devono ritenersi “forward-looking statements” e pertanto, non basandosi su meri fatti storici, hanno per loro natura una componente di rischiosità e di incertezza, poiché dipendono anche dal verificarsi di eventi e sviluppi fu- turi al di fuori del controllo della Società, quali ad esempio: le variazioni dei tassi di cambio, le variazioni dei tassi di interesse, la vo- latilità dei prezzi delle commodity, il rischio di credito, il rischio di liquidità, il rischio HSE, gli investimenti dell’industria petrolifera e di altri settori industriali, l’instabilità politica in aree in cui il Gruppo è presente, le azioni della concorrenza, il successo nelle tratta- tive commerciali, il rischio di esecuzione dei progetti (inclusi quelli relativi agli investimenti in corso), il recente focolaio di COVID-19 (inclusi i suoi impatti sul nostro business, sui nostri progetti in esecuzione in tutto il mondo e sulla nostra catena di ap- provvigionamento), nonché i cambiamenti nelle aspettative degli stakeholder e altri cambiamenti nelle condizioni di business.
    [Show full text]
  • Download the PDF File
    DWCS RECORD (April 2020) Key data Summary Projects 1004 ROV assisted 423 Diver assisted 398 Surface 183 Platform removals 134 Platform Removals Back-up 6 Pipeline Removals 210 Pipeline Repairs 67 Contingency Projects 87 Number of Cuts 6929 Platforms 2124 Pipelines 1694 Multistrings/Casings 705 Chains/Shackles 238 Flexible and Special Pipelines 637 Drill strings 64 Risers/Guide posts 655 Wrecks & Various items 1453 Fat/Demo Tests 323 Cuts Offshore 6606 Cuts deeper than 1000m water depth 256 Cut surfaces and Time Steel (sqdm) 91066 Coating/Concrete (sqdm) 417693 Total cutting time (hours) 15633 Deepest EPRS Shell USA - 1,600m Deepest CUT Production Scorpion Subsea 6,5” Jumper GOM - 2,745m Deepest CUT Exploration Chevron Texaco 8" Drill pipe Nigeria - 2,434 m DWCS RECORD (April 2020) Projects details Year Assisted Water Customer Project by Depth m Location Details Petronas/Franklin 2020 ROV 68 Offshore/Kemaman/MMA Vigilant Mooring Chain Cutting 2020 ROV 300 Allseas/Norway Cutting of Stud Bolt and Clamp Body Contingency Vattenfall/Global Marine/Dan Tysk 2020 ROV 25 Germany/Global Symphony Dan Tysk Inter Array Cable Replacement Reliance Industries Ltd/McDermott SA/Krishna Godavari Basin, East 2020 ROV 2150 Coast India/DLV2000 and Audacia Reliance KG D6 Project - Contingency Dubai Petroleum- UAE/Boskalis/Offshore Dubai/DSV- 2020 Diver 30 Constructor Riser Cutting Project 2019 Surface --- Shell/PD&MS/North Sea/Brent Alpha Conductors Cuts in air Spirit Energy/Heerema/53FA 2019 ROV 38 Platform North Sea/SSCV THIALF Cutting Truss Frame - F3FA THIALF
    [Show full text]
  • Sustainable Development 2007 Key Data
    Going north Sustainable development 2007 Key data Financials1, 5 2007 2006 Total revenues 522,797 521,482 Income before financial items, other items, income taxes and minority interest 137,204 166,164 Net income 44,641 51,847 Cash flows used in investing activities 75,112 57,175 Return on average capital employed after tax (%) 19.9 22.9 Operations Combined oil and gas production (thousand boe/d) 1,724 1,708 Proved oil and gas reserves (million boe) 6,010 6,101 Production cost (NOK/boe) 44.3 28.1 Reserve replacement ratio (three-year average) 0.81 0.76 Environment2 Oil spills (cubic metres) 4,989 181 Carbon dioxide emissions (million tonnes) 14.6 12.9 Nitrogen oxide emissions (thousand tonnes) 49.4 47.7 Discharges of harmful chemicals (tonnes) 19 30 Energy consumption (TWh) 69.8 62.4 Waste recovery factor (%) 41 79 Health and safety Total recordable injury frequency3 5.0 6.0 Serious incident frequency3 2.1 2.2 Sickness absence4 3.5 3.5 Fatalities3 3 0 Organisation Proportion of female managers (%)* 26 26 Union membership (per cent of workforce), Statoil ASA (%)* 67 1 Key figures given in NOK million 2 Data cover StatoilHydro-operated activities 3 Data cover StatoilHydro employees and contractors 4 Total number of days of sickness absence as a percentage of possible working days (StatoilHydro employees) 5 Owing to IFRS transition from 2007, comparable numbers for years prior to 2006 are not available * Estimates These are key indicators of StatoilHydro’s performance. Several are included in managers’ performance pay contracts.
    [Show full text]
  • 20 Billion Barrels Worth of Projects Deferred in 2015 Contents
    JULY 2015 20 BILLION BARRELS WORTH OF PROJECTS DEFERRED IN 2015 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, 7 MONTHLY OSV SPOT RATES - Facilities Management, Construction, Cranes & Transportation, Sea Surveillance and Safe Lifting NORTH SEA Operations. Our head office is situated in Stavan- ger, but we also have offices in Aberdeen, Bergen, 8 FEATURE VESSEL Rio de Janeiro and Singapore. 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. 12 SUBSEA Seabrokers Chartering AS and Seabrokers Ltd are certified by DNV GL in line with Management System Standard ISO 9001; 2008. 15 RIGS 16 CONUNDRUM CORNER & DUTY PHONES SHIPBROKING REAL ESTATE SECURALIFT FACILITY MANAGEMENT Production and Administration: Seabrokers Ltd, Aberdeen SEA SURVEILLANCE ENTREPRENEUR For your free copy of Seabreeze, email: YACHTING CRANES & TRANSPORTATION [email protected] The Seabreeze Monthly Market Report OUR OFFICES: is distributed worldwide through STAVANGER BERGEN SKIEN our offices in Aberdeen, Stavanger, Singapore and Rio de Janeiro. ABERDEEN RIO DE JANEIRO SINGAPORE © Seabrokers Group 2015 www.seabrokers-group.com OSV MARKET ROUND-UP OVERSUPPLY PERSISTS USD 200 BILLION IN PROJECT DEFERRALS IN NORTH SEA As many as 45 major oil & gas costs, have proved the most projects have had their FIDs vulnerable.
    [Show full text]
  • Y O U R N E E D S M a K E O U R D I F F E R E N
    YOUR NEEDS MAKE OUR DIFFERENCE FINCANTIERIOFFSHORE.COM We are a SHIPBUILDING COMPANY specialized in DESIGNING AND CONSTRUCTION of high-value OFFSHORE CUSTOM MADE VESSELS. Through our network of highly qualified partners we put ourselves as the tool for our clients to TRANSLATE THEIR OPERATIVE EXPERIENCE and INNOVATION CAPABILITIES INTO VESSELS which optimize the CAPEX/OPEX ratio and GUARANTEE ON-TIME DELIVERY. Thanks to the Fincantieri network of oshore specialists, we oer to even the most demanding owners high/value DRILLSHIPS, SEMI-SUBMERSIBLE DRILLING RIGS AND OTHER HIGHLY SPECIALIZED OFFSHORE VESSELS WIDE that stand out for high performances, innovative solutions and optimization of the CAPEX/OPEX ratio. SHIPBUILDING EXPERIENCE Our efforts, focused on this specific industry, a careful selection of suppliers and an efficient network of partners allow us to always provide the right product for your needs. AND THIS MAKES THE DIFFERENCE IN YOUR WORK. RELIABILITYCUSTOMIZATION THESE ARE THE KEY FEATURES OPERATIVE EFFICIENCY DISTINGUISHING OUR PRODUCTS. IN DRILLSHIPS AND SEMI-SUBMERSIBLE DRILLING RIGS, WE GUARANTEE A BETTER AND SAFER WORKING ENVIRONMENT, paying special attention to the operator’s comfort and taking care of the vessel’s interior design for a crew-friendly environment. WORK W I T H B E T T E R OUR OFFSHORE DRILLING UNITS GUARANTEE TOP-END PERFORMANCES, LARGER OPERATIVE CAPABILITY AND HIGHER EFFICIENCY. BETTER PRODUCTS A higher operational efficiency of the products means real and significant benefits in terms of time and cost savings, and it will allowing at the same time an increased yearly operability. We produce eco-friendly drilling units with lower emissions and reduced fuel consumption, in order to guarantee a more sustainable offshore drilling activity.
    [Show full text]
  • Fixed Offshore Production Facilities Index
    FIXED OFFSHORE PRODUCTION FACILITIES INDEX SAIPEM TODAY 4 SAIPEM ENGINEERING & CONSTRUCTION 6 FIXED OFFSHORE PRODUCTION FACILITIES 8 SAIPEM ASSETS: PROJECT MANAGEMENT AND ENGINEERING 16 SAIPEM ASSETS: FABRICATION YARDS WORLDWIDE 20 SAIPEM ASSETS: OFFSHORE CONSTRUCTION FLEET 24 FLOAT-OVER METHOD FOR HEAVY WEIGHT DECK INSTALLATION 28 FIXED OFFSHORE PRODUCTION FACILITIES MAJOR PROJECT REFERENCES 32 FIXED OFFSHORE PRODUCTION FACILITIES MAJOR ENGINEERING REFERENCES 92 MAJOR ENGINEERING & PROJECT REFERENCES (BY COUNTRY) 100 3 SAIPEM TODAY SAIPEM TODAY IS A WORLD LEADER IN THE GLOBAL SUPPLY OF ENGINEERING, PROCUREMENT, PROJECT MANAGEMENT, CONSTRUCTION AND DRILLING SERVICES WITH DISTINCTIVE CAPABILITIES IN THE DESIGN AND EXECUTION OF LARGE-SCALE OFFSHORE AND ONSHORE PROJECTS. Saipem has a strong bias towards oil and gas frontiers, namely activities in harsh and remote areas, in deep waters as well as in extremely cold and hot environments, applying significant technological competences in many diverse fields such as gas monetization and heavy oil exploitation. Saipem operates in the Engineering & Construction and Drilling businesses. 4 5 SAIPEM ENGINEERING & CONSTRUCTION FOLLOWING AN AGGRESSIVE GROWTH STRATEGY, WHICH INCLUDED IN THE LAST DECADE THE ACQUISITION OF MANY CONSTRUCTION, TECHNOLOGY AND ENGINEERING COMPANIES, MOST PROMINENTLY OF SNAMPROGETTI, BOUYGUES OFFSHORE, SOFRESID AND MOSS MARITIME, SAIPEM HAS BECOME ONE OF THE WORLD LARGEST AND MOST COMPLETE ENGINEERING AND CONSTRUCTION COMPANIES IN THE GLOBAL OIL AND GAS MARKETS, ONSHORE AND OFFSHORE. Ever since its initial steps in the fifties and numerous project execution installation; also revamps, upgradings, as the construction division of Snam, centres around the globe, and with maintenance, decommissionings, the pipeline company of the Eni Group yearly revenues exceeding 10 billion/y; reclamations and decontaminations.
    [Show full text]