Sustainable Marine Preps to Feed Tidal Energy into Nova Scotia Grid
Sustainable Marine is poised to push the button and feed zero emission electricity generated from the tidal flows in the Bay of Fundy into the Nova Scotia grid, an achievement that follows several months of intense activity in the Bay of Fundy by Sustainable Marine’s Canadian, British and German team, supported by an international network of supply chain partners.After laying a 1km underwater cable in late January, the firm subsequently connected its PLAT-I 6.4 tidal energy system to a purpose-built substation, located on the shores of Grand Passage.
New Report Outlines Big Potential for Offshore Wind
Offshore wind currently represents just a small piece of the world’s energy supply. But that’s changing faster than ever before as new and existing players look to tap the huge resource potential—and market opportunities—being unlocked by shrinking costs and technological advances, as outlined in a recent comprehensive market report.In the coming two decades, the rapidly maturing offshore wind market is expected to become a trillion-dollar business as the pace of installed capacity growth accelerates, according to World Energy Reports’ (WER) Outlook for Offshore Wind Power: The Frontier of Future Energy…
Seafox Drops Takeover Pursuit of GMS
Dutch jack-up services company Seafox has ended its pursuit to acquire rival Gulf Marine Services.After it in April floated an idea about the possible takeover of GMS, the GMS board rejected the plan deeming the move opportunistic, valuing the company's equity "at only US$32 million," and urging its shareholders not to accept it.Seafox has previously said that its offer, if made firm, would be 10 pence per GMS share (or $0.09 per share if higher).GMS said last Thursday it had received letters from shareholders who collectively…
Northern Offshore Services, SEA O.G Form CTV JV for U.S. Offshore Wind Space
Northern Offshore Services (N-O-S) and SEA O.G have entered into an agreement to provide marine services and CTV operations to the offshore wind industry in the United States.The partnership will combine the forces of N-O-S, the crew transfer vessel operator in Europe, and the offshore services provider, SEA O.G. Offshore.Northern Offshore Group, based in Sweden operates about 65 vessels in which most are crew transfer vessels.“SEA O.G Offshore is a highly skilled marine supplier with a distinguished reputation for excellence,” says Fredrik Hallqvist, Chief Commercial Officer of Northern Offshore Services.
GMS Fleet Utilization at 2015 High as More Middle East Work Secured
Gulf Marine Services PLC (GMS), a UAE-bases supplier of offshore jack-up service units, has won a seven-month contract for one of its E-Class (large) vessels, and an extension for a smaller unit.Under the 7-month contract which also includes extension options, GMS will provide support for offshore activities on behalf of a Middle East client, the company said Tuesday.The vessel will be mobilized for the start of operations during the summer of 2020. GMS has also secured a two-month contract extension of a K Class (small) vessel, also for a Middle Eastern-based client. "This increases the total GMS fleet utilization to 82% for 2020.
GMS Rejects Seafox Proposal Again
Gulf Marine Services (GMS), a UAE-based owner of a fleet of jack-up service units for the offshore energy industry, has again rejected Seafox's takeover proposal and has urged its shareholders to do the same.Seafox, the Dutch owner of a fleet of offshore jack-up service vessels, late in April made a non-binding proposal to take over the UAE-based jack-up specialist GMS. Both companies provide offshore service support jack-up units for hook-up and commissioning in the oil & gas and offshore wind industries.The proposal was for a possible cash offer for GMS at a value of US$0.09 per GMS ordinary share.
Abu Dhabi's Gulf Marine Services Reaches Debt Restructuring Deal
Abu Dhabi-based Gulf Marine Services (GMS) said on Tuesday it had reached an agreement with its syndicate of banks to restructure its debt that will help it weather the coronavirus crisis.London-listed GMS provides support vessels for offshore oil and gas and other energy installations. It has been hurt by a downturn in the oil and gas services industry triggered by a prolonged slide in oil prices that has turned into a deep slump since the coronavirus crisis destroyed demand and a production cut agreement between OPEC…
A&P Group Now Works on Renewables Only
The global ship repair, conversion and fabrication specialist A&P Group is now using 100% renewable energy across all three of its facilities as it aims to improve its green credentials and meet Government targets.The UK-based A&P Group with three shipyards located in Hebburn, Middlesbrough and Falmouth said it is committed to improving the sustainability of its services and reducing carbon emissions to ensure it meets UK Government’s legal requirement of bringing all greenhouse gas emissions to net zero by 2050.A&P Group’s decision to buy its energy from Haven Power…
Marine Firm James Fisher Reports Cyber Breach
Marine services provider James Fisher and Sons Plc (JFS) said on Tuesday that hackers had gained unauthorized access to its computer systems, sending its shares down as much as 5.7%.JFS said it had taken all affected systems offline as a precautionary measure and was working with cyber security experts to recover systems, applications and data from its disaster recovery back-up."Work is ongoing to complete the recovery as quickly as possible and to minimize any impact on our businesses," JFS said, adding that it had notified…
Second ASV Delivered to Bibby
The second of Damen’s Accommodation Support Vessel (ASV) 9020 has been delivered to Bibby Marine Services at Damen Shipyards Galati in Romania. On her arrival in the North Sea, the Bibby WaveMaster Horizon will begin maintenance work off the coast of Germany on two EnBW and Enbridge-owned windfarms– Hohe See and Albatros – for Siemens Gamesa Renewable Energy and EnBW.The 90-meter ASV 9020 was developed by Damen to meet the specific needs of the offshore renewable energy industry, combining walk-to-work capabilities with…
Boskalis Unit Scores Mozambique FLNG Gig
Dutch dredging company Royal Boskalis Westminster announced that its 50%-owned associate company Smit Lamnalco is contracted by Coral FLNG to provide marine services to the first Mozambique floating liquefied natural gas (FLNG) terminal.The 10-year contract with additional extension options marks the first terminal services contract award for the Mozambique offshore LNG developments.The contract value for Smit Lamnalco amounts to approximately USD 200 million and services will commence early 2022.For the delivery of its services Smit Lamnalco will deploy three new 95 ton bollard pull tugs to provide escort…
EDS Provides Cable Testing to Vattenfall at Horns Rev 1
High voltage engineering specialist EDS HV Group (EDS), part of the UK’s leading marine services company – James Fisher and Sons plc, has carried out an innovative cable testing campaign for Vattenfall at Horns Rev 1 after the windfarm had experienced network issues.In a first for the offshore wind industry, EDS used Damped AC testing (DAC) to collect a wealth of beneficial partial discharge (PD) and tanδ data to interpret the condition of the array cables and subject the entire array system to a high voltage withstand test. Luke Bishop, group engineering director at EDS, said: “Damped AC testing is a real step change in the industry.
Gulf Marine CEO Quits in wake of Profit Warning
Gulf Marine Services said on Wednesday Chief Executive Officer Duncan Anderson has resigned as the oilfield industry contractor warned a reassessment of its ships and contracts showed profit would fall this year, kicking its shares 12% down.The Abu Dhabi-based offshore services specialist said a review by new finance chief Stephen Kersley of its large E-class vessels operating in Northwest Europe and the Middle East pointed to 2019 core earnings of between $45 million and $48 million, below $58 million that it reported last year.A source familiar with the matter told Reuters that Anderson…
U.S. Offshore Wind: RMG, Bibby Sign MOU
As the prospects for offshore wind energy continue to grow in and around the United States, so too do the business potential and parnterships. The latest announcement comes from south Florida where Resolve Marine Group and Bibby Marine Services, a U.K. based dedicated “Walk to Work” vessel company (W2W) signed a Memorandum of Understanding (MOU) to develop Jones Act compliant vessel solutions for the U.S. offshore wind sector. Resolve and Bibby will aim to partner with wind resource providers to deliver timely and innovative services in this sector.
Bumi Armada Profit Up 28.5% in Q1
Malaysia's offshore oilfield services firm Bumi Armada announced that its first-quarter net profit jumped 28.5% on-year, mainly thanks to joint ventures, lower cost of sales, and lower distribution costs.Net profit for the January-March period climbed to 62.21 million ringgit ($14.86 million), compared with a 48.42 million in the same quarter a year ago, said a stock exchange announcement.However, its revenue fell by 18.1% to RM491.61mil from RM600.34mil a year ago. The compay said floating production and offloading (FPO) business reported lower revenue of RM425.6mil due to lower revenue from Armada TGT 1 FPSO…
GAC Opens Offices in Harwich & Ramsgate
Gulf Agency Company (GAC), a global provider of shipping, logistics, and marine services, has opened two new branches, in Harwich and Ramsgate, to meet the increased demand in oil, gas and renewables work in the South of England.Both locations are actively servicing projects within their areas, and their addition to the GAC UK network of offices further strengthens its focus on providing its energy customers with round-the-clock local knowledge and expertise.The port of Harwich is fast becoming a hot spot for renewable projects with development underway on a state-of-the-art operations and maintenance base for Galloper Offshore Wind Farm.
Bourbon Wins Shell Contract in Bulgaria
Bourbon Marine & Logistics said on Thursday it has been awarded a contract from Shell to support the oil major's exploration drilling in the Black Sea offshore Bulgaria.The French services company said its project scope covers the full logistics solution project management, offering for the first time both marine logistics together with shore logistics: marine services, logistics base, warehousing, port facilities, cargo carrying units, waste management, customs clearance, etc.Two large supply vessels will be dedicated to the project…
GAC Bags Petronas Job
GAC Marine’s branch in Turkmenistan has been awarded two contracts by Petronas Carigali, a subsidiary of Petronas, to provide marine services for its development of the Garagol Deniz West (GDW) oil field.The service provider of full marine transportation to the offshore industry said in a press release that it will supply three anchor-handling vessels manned by experienced crew and kitted out with specialist onboard equipment to provide critical 24-hour support for the drilling operations.This includes transporting personnel and equipment from the onshore supply base to offshore facilities and between offshore rigs and platforms…
VA Offshore Wind: A Strong Foundation
Virginia officials have established a well-planned, extensive strategy to build out an offshore wind industry, including wind towers for electricity generation and the supply chain to support that extensive infrastructure and operations. The State’s big picture is ambitious: developing 2,000 MW of offshore wind by 2028.As currently envisioned, VA’s offshore wind development will likely start this year with two 8-megawatt wind turbines 27 miles off the coast of Virginia Beach. This is a Dominion Energy pilot undertaken in partnership with the Danish wind company Orsted.
Mossel Bay Port Ready to Serve Total
South Africa’s smallest commercial port, the Port of Mossel Bay is well equipped to provide value following global energy giant Total’s significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, 175 kilometres off the southern coast of South Africa, announced Transnet National Ports Authority (TNPA).The authority has dispelled criticism that it may not be ready to answer the call for capacity necessitated by the recent discovery of vast amounts of gas condensate about…
