Friday, May 24, 2019

Maersk News

Occidental Agrees to Sell Anadarko Assets to Total

Image: Anadarko Petroleum

Texas-headquartered Occidental Petroleum has reached an agreement to sell Anadarko Petroleum's oil and gas assets in Africa to French oil major Total for $8.8 billion.The binding agreement with Occidental to acquire Anadarko’s assets in Africa (Algeria, Ghana, Mozambique, South Africa) is contingent on a successful completion of Occidental’s ongoing bid for Anadarko.Wood Mackenzie research director Nicholas Browne says the move would make Total the second largest international oil company (IOC) LNG seller after Shell…

Rotor Sail gets Type Approval

Two 30mx5m Norsepower Rotor Sails onboard the Maersk Pelican. (Photo: Norsepower Oy)

Norsepower Oy Ltd., which provides auxiliary wind propulsion for ships, said its Rotor Sail Solution has received the first-ever type approval design certificate granted to an auxiliary wind propulsion system onboard a commercial ship.The type approval from DNV GL was issued in February 2019 after a design assessment of Norsepower’s 30- x 5-m Rotor Sail, two of which have been installed onboard the Maersk Pelican LR2 tanker.

Aker Energy Hits Oil Offshore Ghana

(Photo: Aker Energy)

Aker Energy, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, announced Monday that it encountered oil in the Pecan South-1A well south of the main Pecan field offshore Ghana.Aker Energy said it is in the process of analyzing the well result and will commence further drilling to verify the volume estimate. These volumes will be an addition to the gross contingent resources (2C) from the existing discoveries in the area…

Maersk Drilling Mulls Listing in Recovering Market

File Image: CREDIT Maersk Drilling

Drilling rig contractor Maersk Drilling, which will soon list on the Copenhagen stock exchange, said the offshore drilling market is improving as oil firms generate more cash and look to boost reserves.A fall in oil prices in 2014 prompted a severe downturn in the industry as oil companies cancelled or postponed exploration plans, reducing demand for offshore drilling rigs."What drives our faith in a market recovery is to a high degree the higher activity we see from the oil companies…

Pronto Reduces Bunker Delays

Pic: Port of Rotterdam

The number of Maersk vessels experiencing delay at APM Terminals at Maasvlakte II as a consequence of bunker activities reduced significantly during a Pronto pilot.The involved parties explain how real-time insight into each other’s scheduling helps prevent bottlenecks.The online communication platform Pronto enables optimisation of port calls in the Port of Rotterdam by visualising the scheduling of all involved parties real…

Ecoslops and Suez Canal Economic Zone Ink Second Agreement

Image: Ecoslops

Ecoslops, the producer of recycled marine fuels from oil residues, and Suez Canal Economic Zone signed a new agreement, further to the signature of an agreement for a detailed feasibility study in January 2018.A press release said that the firms take another step towards the implementation of a collection, reception and treatment unit of maritime oil wastes, under the auspices of the French and Egyptian governments and on the occasion of the State visit of President Macron in Cairo.The new agreement…

Exploration Firms Drill Dry Well in North Sea

Image: Lundin Petroleum

Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed exploration well 2/6-6S, targeting the Oppdal and Driva prospects in PL860 in the North Sea. Both targets were dry. The well was drilled with the Rowan Viking jack-up drilling rig and was operated by MOL Norge with a 40 percent working interest. The partners are Lundin Norway with a 40 percent working interest and Petoro with a 20 percent working interest.Meanwhile…

Total in Talks to Sell North Sea Assets

File photo: A.P. Møller - Mærsk)

French energy giant Total is in advanced talks with privately owned firms Albion Energy and First Alpha Energy Capital on the sale of some of its British North Sea assets, two industry sources said.In July, four banking sources told Reuters Total was set to sell a third of its stake in the Laggan Tormore gas field along with other oil and gas assets North Sea that could fetch a total of $1.5 billion.Total and First Alpha had no comment.

Maersk Rosyth Completes 1,000 Voyages with ExxonMobil

Maersk Rosyth. Photo: Maersk Tankers

Maersk Rosyth, the Handysize vessel, has been on time charter with an ExxonMobil marine affiliate for 15 years and has recently completed her 1,000th voyage, demonstrating Maersk Tankers' long-term relationship with the customer."A voyage Maersk Rosyth has done 1,000 times over the past 15 years, Rotterdam to Port Jerome and back, as part of a time charter agreement between an ExxonMobil affiliate and Maersk Tankers," said a press statement from the oil tanker company.A time charter agreement commenced in 1999 and since then…

HydraWell Completes TAQA Decommissioning

Image: HydraWell

The manufacturer of specialty equipment for the oil and gas industry HydraWell has completed an offshore decommissioning project for TAQA in the Netherlands.The plugging job was conducted at one of the fields connected to the TAQA-operated P15 platform, situated approximately 35 kilometres north-west of Hoek of Holland. The dual casing Perf, Wash and Cement job was conducted from the Maersk Resolute. HydraWell’s contract value is undisclosed.To execute the project…

Equinor Extends Contract for Maersk Intrepid Rig

The Maersk Intrepid jack-up rig. (Photo: Maersk Drilling)

Norway's Equinor has awarded Maersk Drilling AS a five-month contract for the Maersk Intrepid rig to provide operational support on the Martin Linge field in the North Sea. Two extension options will also be exercised, and four new options will be added.Maersk Intrepid initially had a contract for operational support for the Martin Linge licence until April 2019. Equinor has chosen to exercise two one-month options, and then start a new contract from June 1 to October 31…

Total Oil Workers in N. Sea Accept Pay Offer, Cancel Future Strikes

* The UK's largest union Unite the Union said that offshore oil workers at three of Total's North Sea platforms had accepted a pay offer from the company* The workers have called off future strikes, a union statement said* The workers went on a series of 12 and 24-hour strikes in July and August, stopping production at the Alwyn, Dunbar and Elgin platforms* At issue was a rota shift change to three weeks on the platform versus two weeks previously* The workers accepted a mean basic headline pay increase of 15 pct plus substantial

Total Buys out Chevron Denmark

Image: Chevron Corporation

French oil and gas major Total has agreed to take all of Chevron’s share capital in the Danish Underground Consortium (DUC), which will increase its stake in the project and expand its North Sea presence."Total has agreed to purchase from Chevron all the share capital of Chevron Denmark Inc. which holds a 12% interest in the Danish Underground Consortium (DUC), a 12% interest in Licence 8/06, and a 7.5% interest in the Tyra West pipeline.

GSF Condemns Maersk's Sulphur Surcharge

Image: Global Shippers Forum

The Global Shippers Forum has reacted with suspicion to the announcement by the Maersk container shipping line of new fuel surcharge arrangements from 1 January 2019 to recover presumed costs from the introduction of low-sulphur marine fuel from 1 January 2020.Based on the information released by Maersk, the new charges, which are additional to agreed contract rates, are based on two factors - an average cost of fuel and a ‘trade factor’ that upscales the costs on head trades and discounts the fuel cost on reverse trades.

Total Buys Chevron's Interest in Danish Underground Consortium

Photo: Total

French oil and gas major Total said it has agreed to take all of Chevron's share capital in the Danish Underground Consortium (DUC), which will increase its stake in the project and expand its North Sea presence.The acquisition comes a day after Total announced a major gas discovery on the Glendronach prospect, located off the coast of the Shetland islands in the North Sea."Following the completion of the Maersk Oil acquisition…

Semco Maritime Extends Maersk Innovator Cantilever

Maersk Innovator  (Photo: Semco Maritime)

Maersk Drilling’s ultra-harsh environment jack-up Maersk Innovator is now heading for operation at the Buzzard field in the Central North Sea following a six-week yard stay at Invergordon, during which main contractor Semco Maritime has extended the cantilever alongside various other maintenance and updating projects.Semco Maritime’s main work scope was to extend the cantilever 5 meters in order to allow the rig a larger drilling envelope.

Aker BP, Maersk Drilling Sign Rig Contract off Norway

(Photo: Aker BP)

Maersk Drilling and Aker BP have signed a one-year contract to deploy the Maersk Integrator jack-up rig off Norway from June 2019, Aker BP said in a statement on Thursday.The contract, based on an alliance created between the two firms and Halliburton in 2017, is based on market-rate terms and holds the possibility of a sizeable upside for all parties, based on actual delivery and performance, it said.Maersk Integrator will finish its current campaign on the Gina Krog field off Norway in June 2019, and then go directly to the Ula

British International Freight Association Fumes Over Sulphur Surcharge

Robert Keen. Photo: Official Twitter page

The British International Freight Association (BIFA), the trade association for UK freight forwarding and logistics companies, has described the container shipping industry’s recent imposition of a ‘sulphur surcharge’ as unjustified and blatant profiteering.It follows an announcement by Danish giant AP Moller Maersk that it is introducing a new bunker adjustment factor (BAF) surcharge on 1 January 2019, a full year ahead of the…

Maersk Rig Contracted to Aker BP

Photo: Maersk Drilling

Maersk Drilling and Aker BP have agreed to a new two-year contract to reactivate and quickly deploy jack-up rig Maersk Reacher in the Norwegian part of the North Sea.Maersk Reacher will be deployed as an accommodation rig, with the option of repurposing the rig for plugging & abandonment for the final phase of the contract. The rig is expected to commence operations in its new role by October, 2018.The flexible contract is agreed…

FSO Installed in Culzean Field

Photo: Maersk Supply Service

Last week the Ailsa Floating Storage and Offloading unit (FSO) was successfully hooked up and completed, the final step of the FSO transportation and installation for the Culzean field, under the project management of Maersk Supply Service.The project has been delivered to Total E&P UK as an integrated solution, including project management, engineering, procurement and execution of offshore work scopes. Eight Maersk Supply Service…