Venture News

Image: DNV GL

Seacor Marine Acquires Three Cosco PSVs

expect the vessels to be delivered on September 30, 2019, January 30, 2020, and April 30, 2020.John Gellert, Seacor  Marine’s Chief Executive Officer, said: “We are honored to build upon our relationship with the Cosco Shipping Group, which began last year with our SEACosco joint venture. That initiative’s first two vessels are already operational in the North Sea and in Saudi Arabia. Those vessels have performed well since delivery in early 2018, and we look forward to welcoming these newly acquired vessels into our fleet over the next year."This is truly an exciting

Photo: Damen

Damen: Tandem Seismic Vessel Repairs in Amsterdam

of those days the two 106-meter vessels were in the yard’s 250-meter drydock no.4 in a tandem arrangement to maximize the efficiency of the yard's resources.The twin SX120 type seismic research vessels were built by Ulstein Verft in Norway are owned by CGG Eidesvik Ship Management AS, a joint venture between Eidesvik Offshore and CGG. The primary reason for their visit to DSAm was to have a series of repairs and upgrades as well as their hulls cleaned and repainted. The repairs and upgrades included maintenance on the propeller nozzles of both vessels and, by tenting the area around the propellers

(Photo credit: Larry Demmerle)

Aqueos Supports South Texas-Tuxpan Gas Pipeline

Aqueos Corporation said it has completed a major diving scope for the installation and commissioning of the South Texas-Tuxpan Gas Pipeline. The South Texas-Tuxpan Gas Pipeline is being constructed by a joint venture between TransCanada (60%) and Sempra Energy’s Mexican unit IEnova (40%), also known as Infraestructura Marina del Golfo (IMG). The $3.1 billion project is being sponsored by the Federal Electricity Commission (CFE) of Mexico.Carrying U.S. natural gas to Mexico from west Texas, this 42-in. pipeline is ~800km in length and runs offshore from Brownsville, Texas to a shore-end

 A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from European energy giants including Royal Dutch Shell Plc and Equinor ASA.. Photo: 
© benoitgrasser/AdobeStock

BOEM "Blown Away" by Record U.S. Offshore Wind Auction

Royal Dutch Shell Plc and Equinor ASA.The Bureau of Ocean Energy Management (BOEM) announced the sale's three winners - Equinor Wind US LLC, Mayflower Wind Energy LLC, and Vineyard Wind LLC, at the conclusion of the two-day sale that attracted 11 bidders and lasted 32 rounds.Mayflower is a joint venture owned by Shell and EDP Renewables, a division of Portugal's EDP. Vineyard Wind is a joint venture between Copenhagen Infrastructure Partners and Avangrid Inc, a division of Spain's Iberdrola SA. Equinor is the Norwegian company formerly known as Statoil.Equinor and Mayflower each bid $135

(Image: BOEM)

Europeans Sweep Record US Offshore Wind Auction

Royal Dutch Shell Plc and Equinor ASA.The Bureau of Ocean Energy Management (BOEM) announced the sale's three winners - Equinor Wind US LLC, Mayflower Wind Energy LLC, and Vineyard Wind LLC, at the conclusion of the two-day sale that attracted 11 bidders and lasted 32 rounds.Mayflower is a joint venture owned by Shell and EDP Renewables, a division of Portugal's EDP. Vineyard Wind is a joint venture between Copenhagen Infrastructure Partners and Avangrid Inc, a division of Spain's Iberdrola SA.Equinor is the Norwegian company formerly known as Statoil.Equinor and Mayflower each bid $135

Tideway's new cable and installation vessel Living Stone, one of more than 35 vessels involved in the installation. (Photo: Ørsted)

Hornsea One Export Cable Installation Completed

next cable can be simultaneously prepared and have the cable protection system (CPS) installed. This reduces the time needed for preparing the cables, minimizes the manual handling and risk of damaging the cable and increases the vessel’s workability.The 1.2GW capacity Hornsea One, a 50/50 joint venture between Ørsted A/S and Global Infrastructure Partners, is a record-setting project in more ways than one. When fully operational in 2020, its 174 Siemens 7MW turbines will generate enough clean electricity for well over one million homes. The electricity generated out at sea will pass through

Murphy Oil Closes Gulf of Mexico JV

Murphy Oil Corporation announced  that it has closed its previously announced deal to form a Gulf of Mexico joint venture with Petrobras.The global independent oil and natural gas exploration and production company said in a press release that its wholly owned subsidiary, Murphy Exploration & Production Company - USA, has closed the previously announced strategic deep water Gulf of Mexico joint venture with Petrobras America (PAI), a subsidiary of Petrobras for net cash consideration of approximately $795 million.The transaction has an effective date of October 1, 2018, it added.Murphy’s

Image: MAC Goliath Pte Ltd

Nautilus Minerals to Acquire Production Support Vessel

The underwater mineral exploration company headquartered in Toronto Nautilus Minerals Inc. is currently negotiating the terms of an agreement with arm's length third parties that would involve the creation of a new joint venture company - Vessel JV - to be owned by the third parties and Nautilus’ subsidiary, Nautilus Minerals Niugini Limited (NMN).The purpose of the Vessel JV would be to fund the acquisition of the Production Support Vessel (PSV) that Nautilus had previously arranged to be procured through MAC Goliath Pte Ltd (MAC) and the integration costs of installing the mining equipment

(Image: Ashtead Technology)

Ashtead Technology Acquires Welaptega

Subsea equipment solutions specialist Ashtead Technology said it has bolstered its inspection, maintenance and repair (IMR) services and capabilities with the acquisition of Canadian-based underwater inspection company Welaptega.The transaction comes 10 months after the company completed a joint venture with Forum Energy Technologies, creating an independent provider of subsea survey and ROV equipment services with a fleet of 19,000 assets worth in excess of £100 million.Today’s announcement marks Ashtead’s third deal since it was acquired by Buckthorn Partners and APICORP in

(Photo: AML Oceanographic)

Two MVP30-350 Systems for Geological Survey of Ireland

aboard RV Mallet in November 2018, with delivery of the second MVP30-350 for RV Keary to occur in 2019.“The MVP is expected to improve productivity by over 10 percent, but more importantly they will enhance safety,” explained Project Manager Sean Cullen. Instead of having crew members venture out onto the deck in all weather to manually take a static profile, the underway profiling systems will automatically and continuously collect SVPT and output the data to the multibeam echosounder in real-time while the vessel travels at 8-10 knots.To date, more than 130 MVP systems have been supplied

Photo: C-Innovation

C-Innovation Opens Port Fourchon Facility

more than 550 ft of open quayside, Bayou Lafourche is a main entrance into the facility, which is supplied with a Manitowoc 777 crane and forklifts for rapid mobilizations of C-I’s subsea construction and inspection, maintenance and repair (IMR) fleet of vessels, including the 525 ft long Island Venture offshore construction vessel.The dock facility, which will be manned 24 hours a day, will serve as the base for C-I’s Fourchon operations and features client offices, conference rooms with full streaming connectivity, bunk houses and parking for offshore crews

(Image courtesy of SBGS)

Seismic From Below

Petrobras and other major players are also developing major deep water reservoirs such as Libra, Carcará and Sapinhoá, were OBN technology may be used both for reservoir appraisal, exploration and for fine-tuning production development.Seabed Geosolutions was established in 2013 as a joint venture between Fugro (60%) and CGG (40%) – uniting Fugro’s ocean bottom node expertise with CGG’s ocean bottom cable, node and transition zone operational experience. With headquarters in Leidschendam in the Netherlands, and offices in Houston, Dubai, Massy and Kuala Lumpur, Seabed Geosolution

(Image: C-Innovation)

C-Innovation Opens New Dock Facility

more than 550 ft of open quayside, Bayou Lafourche is a main entrance into the facility, which is supplied with a Manitowoc 777 crane and forklifts for rapid mobilizations of C-I’s subsea construction and inspection, maintenance and repair (IMR) fleet of vessels, including the 525 ft long Island Venture offshore construction vessel.The dock facility, which will be manned 24 hours a day, will serve as the base for C-I’s Fourchon operations and features client offices, conference rooms with full streaming connectivity, bunk houses and parking for offshore crews.“This new facility supports

Photo: Equinor

Arkona Offshore Wind Farm Comes Online

actively in the development of the project through secondees and the company’s competence especially within marine operations and structures, including corrosion protection.60 turbines of the six-megawatt class by Siemens Gamesa Renewable Energy will be installed. Arkona is a 50/50 joint venture between German utility E.ON and the Norwegian energy company Equinor.Equinor’s current offshore wind portfolio has the capacity to provide more than 1 million European homes with renewable energy. In addition to participating in the Arkona offshore wind farm, Equinor also holds a position

© Kelly / Adobe Stock

Mexican Wave Energy Project Moving Forward

Energy from the ocean breakers that pound Mexico’s Pacific Coast could soon be turned into electricity as an Israeli joint venture finalizes permits and financing for the country’s first wave energy plant.Wave power development has long lagged renewable rivals such as solar, but Eco Wave Power says it could prove an effective way to deliver power to coastal communities in countries such as Ghana or Kenya that have little access to electricity.“The ocean is the biggest renewable resource that we have and it’s completely untapped, and it has to change,” said Inna Braverman

Photo: Saipem S.p.A.

Saipem Wins $700 Mln Worth of Offshore Contracts

contracts, assigned by Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil, as the project operator, are in addition to those awarded to Saipem in 2017 for Liza Phase 1.Following engineering and subject to requisite government approvals, project sanction from the joint venture and an authorization to proceed with the next phase, Saipem will then perform detailed engineering, procurement, construction, and installation of the risers, flowlines, and associated structures and jumpers. Saipem will also transport and install umbilicals, manifolds, and associated foundations

Seabed Geosolutions Wins GoM Extensions

Seabed Geosolutions, a joint venture between Fugro and CGG, has secured an extension to a recently awarded 4D ocean bottom node (OBN) seismic monitoring surveys over multiple oil and gas fields in the U.S. Gulf of Mexico.Seabed Geosolutions has recently started as planned with the original workscope, and the additional surveys will increase the total duration to around five months. The extension secures backlog continuity for the CASE Abyss ocean bottom node crew and the Hugin Explorer vessel.Seabed Geosolutions supports the optimal development and production of oil and gas fields by providing high

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