Converting for the Oil Market
Deepwater Offshore Presents New Opportunities for Accommodation Vessels. The U.S. Gulf of Mexico, offshore Brazil and West Africa have recently been tagged as the “Golden Triangle” of deepwater oil exploration. An interesting label, considering a triangular definition of success, prosperity and influence was last associated with Southeast Asia’s opium and heroin trade. But, oil can (perhaps) be described as industry’s opiate and with that said, this addiction proves interesting with new geopolitical and economic patterns deepwater exploration and production is developing.
Keppel Signs $4.1B Deal
The offshore industry, and specifically Brazil, continue to be a driver for maritime markets, as Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary Fernvale Pte. Ltd., signed contracts with Sete Brasil Participações S.A. (Sete Brasil), for the design and construction of five additional semisubmersible (semi) drilling rigs for approximately $4.1b, following the Letter of Intent announced in April 2012. The five semis will be based on Keppel's DSSTM 38E design, which has improved capability and operability…
MARIN Opens Depressurized Wave Basin
Following a true maritime tradition, the new DWB was christened. The representatives and attendees each had a bottle filled with water from their own organisation or habitat symbolising their connection with the new facility. MARIN’s unique Depressurised Wave Basin (DWB) was officially inaugurated on March 19 by Maxime Verhagen, the Dutch Minister of Economic Affairs, Agriculture and Innovation. Representing the combination of a depressurised towing tank with a wave maker, the DWB creates a world first.