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January 2013 Issue

Forum Energy Technologies Acquires Dynacon
Forum Energy Technologies Inc. (Houston, Texas) acquired Dynacon Inc. (Bryan, Texas) in December.

Dynacon provides launch and recovery systems for deploying ROVs and manufactures specialized marine cable and umbilical handling equipment. The company employs more than 100 people, and its management team will remain in place.

“Dynacon expands our subsea technologies capability and integrates an important part of the ROV supply chain,” Cris Gaut, Forum’s chairman and CEO, said.


Barge Master Unveils Motion Compensation Platform
Barge Master BV (Schiedam, Netherlands) launched in December its Barge Master BM-001, a motion compensation platform designed to make offshore installation work safer and more efficient.

The system is the first full-size functioning version of the Barge Master. It successfully passed a series of tests, including the compensation of a 700-megatonne payload and an LR1250 crane. The Barge Master compensates wave percentages upward of 95 percent, as shown during tests at the Maritime Research Institute Netherlands.

By measuring the heave, roll and pitch, and by controlling the counteractive motion of the actuators, the platform is kept in an earth-fixed steady position. The remaining degrees of freedom are compensated by restraining two translations (surge and sway) and one rotation (yaw) of the vessel, using a dynamic positioning or a traditional mooring system.


Iceland Awards Offshore License To Faroe Petroleum
The National Energy Authority of Iceland approved in December two applications for exploration and production of hydrocarbons on the Icelandic Continental Shelf in the Dreki area.

Petoro AS (Stavanger, Norway) will participate in both licenses to a 25 percent share under an agreement between Iceland and Norway.

Faroe Petroleum (Aberdeen, Scotland) and Iceland Petroleum ehf (Reykjavik, Iceland) were also awarded interests in the license.

Faroe will be operator of these provisional licenses, with a 67.5 percent interest in blocks IS6708/8,9,10,11,12 together with Petoro (25 percent) and Iceland Petroleum (7.5 percent). Faroe will have a 90 percent interest in blocks IS6708/1,2, along with Iceland Petroleum (10 percent), which are located outside the Norway-Iceland cooperation area.

The licenses cannot by issued before the Norwegian Parliament has approved the decision on the participation by the Kingdom of Norway through the state-owned Petoro AS. Following this and the signing of the parties to the licenses of their joint operating agreements, the National Energy Authority will grant the licences, probably in the beginning of January.

A third application was received from Eykon Energy ehf, an unregistered Icelandic company. The processing of this application was delayed until May 2013 so Eykon could find an additional participant in the license to receive approval from the National Energy Authority on having sufficient expertise, experience and capacity to undertake the licensed activities.


Environmental Group Sues BOEM Over Five-Year Oil and Gas Plan
The Center for Sustainable Economy (CSE) in December sued the Bureau of Ocean Energy Management (BOEM) to halt the agency’s five-year Outer Continental Shelf oil and gas leasing program.

The lawsuit argues that incomplete and flawed economic analysis led BOEM to rush ahead with offshore leases that may not be economically justified in violation of the National Environmental Policy, Outer Continental Shelf Lands and Administrative Procedure acts.

CSE said that by failing to account for the option to wait to lease offshore resources, BOEM has “subjected the American public to a higher risk of catastrophic spills while failing to maximize benefits from lease sales.”

The lawsuit was filed in the United States Circuit Court for the District of Columbia. CSE is represented in the lawsuit by environmental attorney Steven Sugarman and Michael Livermore of the Institute for Policy Integrity at New York University School of Law.

The five-year plan received approval from U.S. Secretary of the Interior Ken Salazar in August. It schedules 15 sales in the Gulf of Mexico, a portion of the Eastern Gulf not presently under congressional moratorium, and the Chukchi Sea, Beaufort Sea and Cook Inlet, offshore of Alaska. BOEM estimates this has the potential to produce 5.75 billion to 14.3 billion barrels of oil and gas in oil-equivalent units.


EPC Offshore, Xcite Energy Join Forces on Bentley Development
EPC Offshore (Aberdeen, Scotland) has signed an agreement in December with Xcite Energy Resources Ltd. (Aberdeen) to provide support services at one of the largest undeveloped fields in the North Sea.

A heavy oil reservoir located 160 kilometers east of the Shetland Islands on the western edge of the Viking Graben, the Bentley field covers an area of approximately 70 square kilometers with an estimated 550 million stock tank barrels in place. EPC Offshore will provide project management and associated support services for the project.


Oil Spill Drill Conducted in Israel
Israel’s Ministry of Environmental Protection’s Marine and Coastal Environment Division conducted training exercises in the Gulf of Eilat aimed at responding to an oil spill.

The exercise simulated a boating accident that resulted in some 135 tons of fuel oil (mazut) spilling from one of the vessels involved.

On the first day, participants practiced treating the seawater that was polluted with the fuel oil. On the second day, they cleaned up the fuel patches on the beach that resulted from the spill. The exercise was carried out as part of a series of drills put together by the Ministry of Environmental Protection, with the help of the ministry’s Marine Pollution Control and Response Station in Eilat, Israel.

The program was put together in the framework of the ministry’s 2008 National Contingency Plan for Preparedness and Response to Combating Marine Oil Pollution.


2014:  JAN | FEB | MARCH | APRIL | MAY | JUNE | JULY | AUG | SEPT | OCT
2013:  JAN | FEB | MARCH | APRIL | MAY | JUNE | JULY | AUG | SEPT | OCT | NOV | DEC

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