Moody's Investors Service says that operating results of BW Group (Ba2 negative) in 1H 2012 were better than expected, largely because of the higher charter rates achieved by the company for its vessels.'We had expected BW Group's performance to weaken…
Offshore Wind Health and Safety Summit 2012 to consider how to ensure workers safety in this hazardous industry.The European offshore wind industry is growing exponentially. In the first half of 2012 alone offshore wind power was up 50% on the previous year…
Petrobras's floating production, storage and offloading platform, FPSO BW Pioneer begins production from record depth.FPSO BW Pioneer, moored some 250 kilometers off the coast of the State of Louisiana in the U.S. Gulf of Mexico, is the first FPSO to produce oil and gas in the Gulf…
OceanSaver’s ballast water treatment (BWT) system has been chosen for two 162,000cbm LNG carriers being built by BW Gas.OceanSaver was selected due to its competitive pricing, low operating costs, and compatible technical system.BW Gas is…
West African pirates off Lome, Togo, release tankship 'BW Rhine' after a week of pillaging oil product cargoPirates have freed a gasoline tanker they hijacked, after stealing some of the cargo, the shipowner reports, in a fresh example of…
At the 150th Annual Meeting of the Members of ABS, three industry leaders were elected to the ABS Council. Following the Annual Meeting, the ABS Council met and elected industry leaders to both its Marine and Offshore Technical Committees. Individuals…
Star Information Systems (SIS) has established a new base in Rio de Janeiro to serve Brazil’s thriving offshore sector. To support the manuever, SIS sent Hans-Kristian Fjaerem, one of the firm’s most experienced consultants, to lead the operation…
Hyundai Heavy Industries reported winnning a $400m deal to build two LNG carriers for BW Maritime Pte Ltd, part of Singapore's BW Group, according to a report on Reuters. HHIs is scheduled to deliver one of the two vessels in the second half of 2014 and the other in the first half of 2015…
Paul Østergaard, founder and CEO of ShipServ, a marine and offshore e-marketplace, is among the keynote speakers who will address the first SmartShipping conference this October 17-18 in Singapore. SmartShipping 2011 is a strategic conference…
The abundance of deepwater O&G prospects, combined with the lack of oil transportation infrastructure in Brazil, has increasingly favored FPSOs as a production solution. Petrobras presently has more than 25 FPSOs in operation and this number is expected to double during the next decade…
BOEMRE Approves First-Ever Use of Deepwater Floating Production Storage Offloading Facility in Gulf of MexicoThe Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today provided the final approval necessary for Petrobras America…
Mitsubishi Heavy Industries, Ltd. (MHI) completed development related to floating production, storage and offloading units for liquefied natural gas (LNG-FPSO), and has obtained two kinds of approval in principle (AIP) from major international ship classification societies…
Uni-Safe Electronics’ new Bridge Navigational Watch Alarm System BW-800 complies with IMO MSC 128(75) and the new IEC 62616 performance standard from February 2010. The company said it expected to be the first company in the world to present…
Keppel Offshore & Marine Ltd (Keppel O&M), through Keppel Shipyard Limited (Keppel Shipyard) and Keppel Verolme BV (Keppel Verolme), has secured two contracts worth a total of about $165m. The first project, secured by Keppel Shipyard from repeat customer Petrobras Netherlands B…
Keppel Shipyard Limited (Keppel Shipyard) is on track to deliver the first floating production storage and offloading (FPSO) vessel for the US Gulf of Mexico (GoM) to BW Pioneer Ltd, an affiliate of BW Offshore. Named on Oct. 26 at Keppel Shipyard…
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