More from news02:37International architect Desmond Brooks selling luxury beach villa8 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:35Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:35 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p288p288p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenFive things to consider when buying into a regional area01:35 A family who moved from Sydney snapped up the home. They had plenty of competition with multiple offers made at the open home.“It went live on Friday and we had 37 groups through the first open home (on Saturday),” he said.“The deal was done in 27 minutes.”Mr Harrison wouldn’t reveal the sale price but said it was higher than the $969,000 asking price.He said it was a cash unconditional offer with the cooling off period waived.“The buyers are really happy, they just moved up from Sydney (and) they’ve been looking for a couple of months,” he said.“There were actually some other offers that were higher but the terms of theirs were more favourable for the seller.“(The vendors) purchased elsewhere as well so they just wanted it to be an easy transaction.” MORE NEWS: Gold Coast auctions raking in millions The Mudgeeraba house at 9 Bertana Drive sold a day after being listed.AN open home quickly turned into a bidding frenzy when several house hunters made on-the-spot offers for an acreage estate.The Mudgeeraba property at 9 Bertana Drive, which was listed a day earlier, sold less than half an hour after it was opened to the public.Kollosche agent Jamie Harrison, who handled the deal with Corey Bedford, said ensuring the property was well prepared and presented to make buying easy made people feel confident enough to make an offer on the day. MORE NEWS: Fun feature will make the best pool parties It sold for more than the $969,000 asking price.The 0.41ha property has a two-storey house with four bedrooms and two bathrooms, a pool and shed.Property records show it last sold in September 2005 for $455,000.Mr Harrison said its location made it particularly appealing to prospective buyers.“(The vendors) had extensively renovated it and it had a really amazing street presence,” he said.“It was almost like a tropical oasis, which is quite unique in the sense that you’ve five minutes from Robina.”He said lower listing numbers were also causing house hunters to flock to quality properties.
The pilot Pentland Firth and Orkney Waters Marine Spatial Plan (PFOW MSP) has won a planning award from the Royal Town Planning Institute (RTPI).The PFOW marine plan, developed through collaboration between Marine Scotland, Orkney Islands Council, and the Highland Council, has won the Excellence in Plan Making Practice category at the RTPI Awards for Planning Excellence 2017.PFOW MSP sets out an integrated planning policy framework to guide marine development, including renewable energy generation, and activities and management decisions, while ensuring the quality of the marine environment is protected.“This plan, a first of its kind for the UK, should be held up as best practice for other councils struggling to integrate land and marine planning into a single plan. It is an interesting and imaginative approach to marine planning and given Britain’s maritime heritage, it’s surprising there aren’t more plans like this one,” the judges said.RTPI is the UK’s leading planning body for spatial, sustainable and inclusive planning, with over 23,000 members.The RTPI Awards, running for over 40 years, celebrate exceptional examples of planning and the contribution planners make to society.
Underwater technology specialist Tritech has secured order to deliver subsea specialist Seatronics with suite of equipment.The deal between Tritech and Seatronics, an Acteon company, will see the supply of a range of multibeam imaging sonars, precision sensors and pumps for specialist subsea applications.Included in the equipment list is the 1000-meter depth rated Gemini 720is sonar.Allan Donaldson, sales engineer with Tritech, said: “The dependability of Tritech’s products together with the level of support provided, has resulted in an increase in the footprint of Gemini sonar products in the industry. We have seen strong sales this quarter and with continued investment in R&D, we are confident that that this trend will continue. Seatronics is a recognised expert in its field and the company’s continued investment in our technology demonstrates this point.”Scott Gray, UK general manager with Seatronics, added: “We are delighted to be increasing our investment in Tritech products with this addition of nine Gemini sonar units. Seatronics are devoted to investing in industry leading technology as a core value of our business with the Gemini sonar proven to be a key product in our ever-expanding rental portfolio.”
Norwegian shipowner Ocean Yield has raised NOK 759 million (USD 95.8 million) in net proceeds from a private placement announced on Wednesday.The company said that the private placement has been fully subscribed and that its board of directors has resolved to issue and allocate 11,000,000 new shares at a subscription price of NOK 69 per share.Aker Capital AS, the largest shareholder in Ocean Yield, has pre-subscribed for 5,500,000 new shares.The shipowner plans to use the net proceeds to finance investments in vessels, as well as for general corporate purposes.“In our opinion the timing for making new investments in shipping is excellent, and we remain committed to continuing to increase and further diversify our portfolio of modern vessels on long-term charter in order to support attractive dividends to our shareholders. “The share issue will also contribute to increasing the free float in the Ocean Yield share, making it even more attractive for investors,” Lars Solbakken, CEO in Ocean Yield said.The cash raising push comes on the heels of Ocean Yield’s entrance in the dry bulk sector with the recent investment in two 2018-built Handysize dry bulk vessels, which was followed by this week’s purchase of five more Handysize bulkers.According to Solbakken, the company sees potential for more transactions in the sector especially in the wake of improved earnings in the dry bulk market.
Norwegian geophysical player TGS will undertake a multibeam and seep project in the Campos and Santos Basins, offshore Brazil.TGS said on Tuesday that the Brazil Southern Basins SeaSeep project would cover the company’s existing surveys in these hydrocarbon-rich basins as well as the highly prospective pre-salt trend where many untested structures exist.According to the company, acquisition of the multibeam will begin in the late first quarter 2018 with the coring and geochemistry stage to follow. Data will be available in the fourth quarter 2018 over the Round 16 licensing areas scheduled in 2019. Final results in all areas will be available in late 2019.TGS added that the survey was designed to mirror the successful Gigante and Otos multibeam and seep study projects in the Gulf of Mexico, conducted in 2016 and 2017.The multibeam program will cover approximately 200,000 square kilometers and will be used to identify 330 core target locations.Kristian Johansen, CEO of TGS, said: “The Brazil Southern Basins SeaSeep Project will provide further insight into the Southern Basins of Brazil and contribute to the knowledge and understanding of these highly prospective areas. I am very pleased to see TGS returning to Brazil to acquire new data after a four-year absence. This new project is a complementary addition to our extensive historical data library in this region.”
Osbit Ltd has recently delivered a height adjustable boat landing system to Gulf Marine Services’ self-elevating support vessel (SESV) GMS Endeavour currently deployed on Ørsted’s Hornsea Project One wind farm off Yorkshire. According to Osbit, this is the offshore industry’s first height adjustable boat landing system for a jack-up vessel.The system has five height settings that enable it to be accessed in line with the vessel’s jacked up position, across the full tidal range. Its height, relative to the vessel deck, is adjusted using GMS Endeavour’s 230-tonne capacity on-board crane.“The specific challenge presented by our client for this project required our vessel GMS Endeavour to remain elevated at a height of 15.1 metres above sea level, while at the same time providing the capability to safely dock a CTV against the vessel, and then ensure the transit of up to 200 passengers per day from the CTV to the main deck of GMS Endeavour,” Duncan Anderson, Chief Executive Officer of Gulf Marine Services, said.“Our solution was to design and produce an integrated CTV boat landing and access tower specifically for our SESV. To date, the structure and its interface to GMS Endeavour has been designed, built, installed and finally approved in accordance with classification requirements. We have been very pleased with the entire process, with GMS Endeavour now operational at the Hornsea Project One wind farm.”Fabricated on the banks of the River Tyne and assembled at Osbit’s facility at the Port of Blyth in North East England, the 26.4 metre tower system was delivered within a five-month project timeframe, as part of the vessel’s mobilisation programme.Osbit’s engineers also completed the installation of the boat landing system on GMS Endeavour at Port of Blyth. The installation took place ahead of GMS Endeavour’s deployment to support Hornsea Project One offshore wind farm, which is located 120 kilometres off the Yorkshire coast. The vessel is providing accommodation and access to substations for technicians working on the wind farm project.A video of the load out and installation of the boat landing system can be viewed in the video below.<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span>
Malaysia’s offshore services provider Alam Maritim Resources is venturing into subsea services market through a joint venture company with AME Subsea. Alam Maritim said in a Bursa Malaysia filing last Friday, September 7 that its subsidiary Alam Hidro and AME Subsea had entered into a shareholders’ agreement for the purpose of venturing and providing offshore underwater and subsea services.This will include a complete work program of underwater, structural and topside inspection, repair and maintenance, particularly in the international markets, said Alam.In line with the agreement, Alam Hidro and AME Subsea had incorporated a joint venture company known as Subsea Worldwide Solutions Sdn Bhd (SWS).
Seismic services specialist Shearwater GeoServices has been awarded 3D surveys in the Mediterranean and South East Asia.Polar Duchess seismic vessel / Credit: GC Rieber ShippingGC Rieber Shipping, a 50% owner of Shearwater has said that new contracts will add seven vessel months to the current backlog. The surveys will be starting in the first half of Q4 2018. The Mediterranean survey will take approximately two months, and the South East Asia surveys lasting 5 months.“We are pleased to be awarded these surveys firming up the backlog over the 2018/19 winter season, after we have seen utilization of 85% and transit of 15% for the first three quarters of 2018”, said Irene Waage Basili, Shearwater CEO.The survey in the Mediterranean area covers approximately 1,300 square kilometers and will utilize the Polar Empress.The contract in South East Asia covers two survey areas, totaling over 8,000 square kilometers, and will be conducted by the Polar Duchess vessel.
U.S.-based oilfield service provider Danos has selected Greg Guidry to join the company’s board of directors.Guidry retired from his position of Executive Vice President – Unconventionals for Royal Dutch Shell in October 2018 after six years in the role and nearly 37 years with the company, Danos said in a statement on Tuesday.“Greg has an invaluable understanding of the oil and gas industry, and we are grateful that he has accepted our invitation to join the board,” said Chairman of the Board Hank Danos.According to the company, Guidry brings extensive experience in Unconventional markets, where he drove performance improvement and increased profitability as EVP Unconventionals. In addition, he previously headed Shell’s Upstream businesses across Europe, based in The Netherlands.Danos emphasized that Guidry’s history at Shell covers multiple facets of the industry including offshore conventional and deepwater, onshore unconventionals and midstream.“Joining the Danos Board of Directors provides a tremendous opportunity for me to get involved with a respected industry organization. Danos has an exciting future, and I look forward to working with them,” said Guidry.Guidry’s appointment adds a seventh member to the Danos Board of Directors which includes Hank Danos, Eric Danos, Paul Danos, Mark Danos, Edward “Jed” DiPaolo and John Elstrott.Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Offshore Energy Today, established in 2010, is read by over 10,000 industry professionals daily. We had nearly 9 million page views in 2018, with 2.4 million new users. This makes us one of the world’s most attractive online platforms in the space of offshore oil and gas and allows our partners to get maximum exposure for their online campaigns. If you’re interested in showcasing your company, product or technology on Offshore Energy Today contact our marketing manager Mirza Duran for advertising options.
Image courtesy of Freeport LNGLNG contractor McDermott International stated the production from the final train of the Freeport LNG project in Freeport, Texas, is set to start production in the first quarter of 2020.McDermott added that the production would start in accordance with a previously disclosed schedule.The Freeport LNG export project, controlled by billionaire Michael Smith, is being built at the existing LNG import terminal on Quintana Island near Freeport.The project’s first three trains are expected to enter service in 2019 and 2020 after being delayed last year due to the effects of Hurricane Harvey that saw equipment lay-yards flooded.Each of the three liquefaction trains is expected to have a capacity in excess of 5 million tonnes per year. The project is also developing a fourth liquefaction train with similar nominal production.Earlier this month, Freeport LNG received approval from the U.S. Federal Energy Regulatory Commission to site, construct, and operate its fourth natural gas liquefaction train at the facility.Freeport LNG’s Train 4 is expected to add over 5 million tonnes per annum (mtpa) of LNG production to its existing project, increasing the total export capability of the 4-train facility to over 20 mtpa.