Wednesday, February 26, 2014
Dzheitune jack-up caspian sea dragon oil

Oil Services Must Take On More Risk, Petrofac CEO Warns

Oil service companies will have to assume more risk in the coming years as investor pressure and a flat crude price make oil company clients push harder to avoid delays on megaprojects, the chief executive of FTSE 100 contractor Petrofac said.

February 26, 2014
Total Views: 2

Friday, February 21, 2014
draugen platform regalia flotel offshore norway

New Norwegian Taxes Put $13 Billion in Projects at Risk

Feb. 21 (Bloomberg) — Norwegian efforts to raise oil and gas recovery from its offshore fields are being jeopardized as higher taxes threaten $13 billion in planned drilling projects, according...

February 21, 2014
Total Views: 8

Thursday, August 8, 2013
Skandi Vitória dof subsea

Petrobras Extends Contract for the Skandi Vitória

Petrobras has extended their contract for DOF Subsea’s Skandi Vitória for an additional two years beginning in September 2013. The vessel is owned through a joint venture formed by DOF...

August 8, 2013
Total Views: 4

Friday, August 2, 2013
incat crowther offshore

Incat Tasmania Enters Offshore Market with 70-Meter Fast Crew Transport Vessel

In the absence of significant demand for large high speed ferries, Incat Tasmania marks their entry into the offshore industry with the receipt of their latest newbuild order for a...

August 2, 2013
Total Views: 1

Wednesday, July 31, 2013
abs logo
Engineering News

ABS Releases Guidance on Accidental Load Analysis and Design for Offshore Structures

The American Bureau of Shipping (ABS) has announced the release of the ABS Guidance Notes on Accidental Load Analysis and Design for Offshore Structures. ABS has developed a new and...

July 31, 2013
Total Views: 2

Monday, July 29, 2013
ahts posh courage

POSH Semco Seeks S$300-S$500 Million IPO In Singapore

SINGAPORE, July 29 (Reuters) – Offshore marine services provider POSH Semco, controlled by Malaysia’s richest man Robert Kuok, is seeking to list shares in Singapore in a deal worth S$300...

July 29, 2013
Total Views: 6

Monday, July 22, 2013
nor star ahts solstad offshore

Solstad Offshore Gains NOK 135 Million in Charter Contracts

BG Tunisia has extended it’s charter for Solstad Offshore’s (SOFF) anchor handling vessel (AHTS) Nor Star for an additional two years, with one yearly option. In addition, SOFF has extended...

July 22, 2013
Total Views: 2

Friday, July 19, 2013
Gudrun topsides installation

Saipem 7000 Delivers Statoil’s Gudrun Platform Topsides [IMAGES]

The world’s second largest crane vessel was contracted this week by Statoil to lift and transport the 10,600 ton topsides module into position atop the Gudrun jacket in the Norwegian...

July 19, 2013
Total Views: 53

Monday, July 15, 2013
olympus tensioned leg platform shell

Shell’s Olympus Tensioned Leg Platform Leaves Kiewit [IMAGES]

This past weekend, Shell’s Olympus tension leg platform (TLP) left Kiewit shipyard in Ingleside, Texas,  and is now making its way to its future home in the Gulf of Mexico,...

July 15, 2013
Total Views: 17

Wednesday, July 10, 2013
st-259 design

Volstad Shipping Orders $130 Million Subsea IMR Vessel

Volstad Shipping AS has signed a newbuild contract with Tersan Shipyard in Turkey for a new Subsea IMR and Construction Vessel. The vessel comes at a total project cost of...

July 10, 2013
Total Views: 18

Monday, June 24, 2013
Cat B well intervention Rig aker solutions

Statoil and Aker Solutions Cancel Plans for High-Spec Well Intervention Rig

In April 2012, Statoil and Aker Solutions announced a $1.9 billion contract to deliver a semi-submersible rig capable of year-round well-intervention services on the Norwegian continental shelf. This so-called Category B...

June 24, 2013
Total Views: 3

Monday, June 10, 2013
FPSO Knock Allan Fred Olsen Production

Malaysian Firm To Buy Fred. Olsen Production in $170 Million Deal

OSLO, June 10 (Reuters) – Malaysian offshore oil services firm Yinson Holdings Bhd is bidding $170 million for Norwegian shipping firm Fred. Olsen Production and has secured a majority of...

June 10, 2013
Total Views: 8

Wednesday, May 22, 2013
total congo moho nord offshore

Qatar’s Investment Offshore Congo, Perhaps More Strategic than Tactical

Qatar Petroleum International (QPI) and Total announced a landmark partnership agreement with Total E&P Congo today representing QPI’s first international investment in an offshore oil and gas project. The agreement...

May 22, 2013
Total Views: 1

Tuesday, February 5, 2013
st. john's newfoundland harbor canada offshore

Canada is Not Ready To Handle a Major Spill, “Numerous Shortcomings” Found

By David Ljunggren OTTAWA, Feb 5 (Reuters) – Canada’s offshore petroleum boards are not equipped to cope with a major spill, the country’s environmental watchdog warned on Tuesday in a...

February 5, 2013
Total Views: 0

Monday, June 11, 2012
Oseberg C

Offshore Workers Strike, Norwegian Rigs Begin to Shut Down

(Dow Jones) OSLO–At least five of Norway’s oil and gas rigs will be shut due to a strike launched at midnight Saturday by 114 workers at oilfield service company Baker Hughes...

June 11, 2012
Total Views: 280

Monday, January 30, 2012

DP Failure Mode Effect Analysis – Breaking Down the FMEA

Learning from each failure can be costly & time consuming. FMEA is a systematic method of studying failure. This ensures that time is not wasted & the root of the problem is quickly determined. It is used to Identify methods to eliminate or reduce the chance of that failure occuring in the future.

January 30, 2012
Total Views: 673

Sunday, January 1, 2012
shipbuilding steel ship shipyard structural

To Build or Not to Build: A Financial Analysis of Building a Ship

Executives of publicly traded shipping and offshore drilling companies have a legal duty to act in the interest of the shareholders of their respective organizations. To fulfill this duty, executives...

January 1, 2012
Total Views: 117

Friday, December 30, 2011
north sea oil platform ocean

North Sea Oil Exploration Continues with the Award of 46 New Licenses

LONDON (Dow Jones)–The U.K. has awarded 46 new licenses to explore for oil and gas in the North Sea, the Department of Energy and Climate Change announced on its website...

December 30, 2011
Total Views: 0

Thursday, December 29, 2011
Engineering News

Pieter Schelte, Offshore Supercat – The World’s Largest Catamaran

In 2011, Allseas announced that they had awarded Daewoo Shipbuilding a 1.3Bn Euro contract for the construction of a massive catamaran designed for ultra-heavy offshore construction and pipelay work.  The sheer...

December 29, 2011
Total Views: 58

Tuesday, November 29, 2011

gCaptain is on the road….

The entire gCaptain team is converging on New Orleans this evening for this week’s International Workboat Show, so unfortunately we haven’t been able to get a whole lot of new...

November 29, 2011
Total Views: 0