Managers from companies in the local supply chain met for breakfast on Tuesday morning at the Orbis Energy building in Lowestoft to hear a presentation delivered over a video link from Michiel Hendrickx, the UK Department for International Trade’s (DIT) Senior Trade Advisor in the Netherlands.The Dutch Offshore Wind sector provides long term opportunities for many companies working in this sector including those represented at the breakfast meeting.These opportunities, including ones for companies looking at a cross-over from offshore oil and gas to offshore wind, are looking far into the North Sea and far into the future with the offshore hub island on the Dogger Bank projected to be a reality by 2050.Michiel described the Dutch Model for tendering and gave details of projects already in a planning phase and those due for tendering in years to come starting with Hollandse Kust Zuid in December. The new Dutch Government has yet to define their plans for the industry but have already given indications that the growth will be there.A good initiative from the 3 parties, and who can resist a bacon sandwich?Dick Hill, Offshore WIND
Houston-based classification services provider ABS was selected by Q-LNG, LLC, to class an Articulated Tug Barge (ATB) for LNG bunkering in North America.The vessel is scheduled to begin construction at VT Halter Marine in Pascagoula, Mississippi, in early 2018.“This project represents another significant milestone for the region in the continued development of LNG infrastructure in North America, helping the maritime industry meet stricter emissions requirements,” Christopher J. Wiernicki, ABS Chairman, President and CEO, said.“This project will expand the LNG supply chain and play a critical role in the advancement of LNG as a marine fuel throughout the region and North America,” Chad Verret, Q-LNG Transport President, said.The LNG bunker barge, with 4,000 cubic meters LNG capacity, will be owned and constructed by Q-LNG while the operations will be handled by New Orleans-based Harvey Gulf International Marine.It will be chartered by Shell, and will supply necessary LNG fuel to cruise vessels throughout the Southeast Coast of the US.The LNG bunker barge will feature an innovative transfer system enabling it to load LNG from big or small terminals.
Gadani shipbreaking yards are one signature away from reopening to tankers, according to a report from GMS, a cash buyer of ships for recycling.As understood, the one remaining signature required is from the Chief Minister of Balochistan, Sardar Sanaullah Khan Zehri, who remains reluctant to sanction any reopening.End buyers have been petitioning the Chief Minister and the government to reopen Gadani to tankers, GMS said, adding that high ranking Pakistan Ship Breakers Association members recently asked the Minister to push the matter, however, without any success.“This fiasco has played itself out against the backdrop of a significant depreciation of the Pakistani Rupee, which has knocked more than USD 20/LDT off the local offerings and this has further dampened end buyer enthusiasm and any aggression to buy at decent rates (for now),” GMS said in its report.The Chief Minister banned the demolition of tankers and liquefied petroleum gas (LPG) carriers at Pakistan’s Gadani shipbreaking yards in February 2017, following two incidents which caused dozens of fatalities.The incidents, caused by the absence of safety measures, included an explosion on November 1, which killed at least 28 workers, and a fire on January 9, which took the lives of another 5 workers.
The Japan-based Nippon Life Insurance has executed a GBP 200 million syndicated loan for the Race Bank offshore wind project in the UK.According to Nippon, the provided loan will be used to refinance existing debt to support the stable operation of the 573MW project.The Japanese company said it joined the loan syndication process from the primary phase, and as a result, it represents its first offshore wind financing transaction in the UK.Located 27km off the coast of North Norfolk, the Race Bank offshore wind farm comprises 91 6MW Siemens Gamesa turbines which were officially inaugurated in June this year.The project is operated from Ørsted’s East Coast Hub in Grimsby, while offshore maintenance is being carried out from the Edda Passat SOV that remains offshore with technicians working shifts of 14 days on and 14 days off.Ørsted owns 50% of the wind farm, with Macquarie European Infrastructure Fund 5 holding 25%, Sumitomo Corporation 12.5% and funds advised by the Green Investment Group, Arjun Infrastructure Partners and Gravis Capital Management 12.5%.
Watson Farley & Williams (WFW) has advised Technip UK on a £70.5 million financing agreement arranged by Crédit Industriel et Commercial (CIC) and BNP Paribas for the newbuild diving support vessel ‘Deep Discoverer’.The vessel, built by the Vard Group in Norway, was acquired by a CIC-owned company.The financing comprised a French lease of the vessel from the CIC-owned company and leased to Technip UK.The WFW Paris team was led by finance partners Alexia Russell and Laurence Martinez-Bellet, supported by associates Natasha Seel and Konstantina Kyprianidou on the English law aspects and senior associate Christophe Garcia and associate Sophie Morin on the French law aspects.French tax advice was provided by partner Romain Girtanner, assisted by associates Anis Mezni and Nicolas Bourdon and English tax advice was provided by partner Richard Stephens in London.The lenders, CIC and BNP Paribas, were advised by a team of Norton Rose Fulbright led by partner Christine Ezcutari, assisted by of counsel Alexandre Roth and associates Alexis Babin de Lignac, Ayaka Millet and Constance Ollat for both English law and French law advice.
Oslo-listed FPSO operator BW Offshore has entered into an agreement to acquire 70% of the Maromba field offshore Brazil for a total acquisition cost of $90 million from Petrobras.BW announced it was contemplating to enter into agreements to acquire 100% of the Maromba field offshore Brazil from the present owners Petrobras (70%) and Chevron (30%) in early March.BW Offshore announced the agreement with Petrobras last Friday, March 8. The company said that closing of the acquisition is subject to fulfillment or waiver of conditions precedents, including approval by The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) to close the transaction and deem BW Offshore an approved operator in Brazil.Maromba is located off the Brazilian coast in the Campos Basin in approximately 160 meters of water depth. Internal estimates show potential recoverable resources of 100-150 million barrels of low-sulphur 16 API oil in Maastrichtian sandstone reservoirs. Eight of nine exploration and appraisal wells drilled to date have been successful and have found oil in multiple reservoirs. Four out of the eight successful wells have defined and delineated the Maastrichtian sand targets.In addition to the Maastrichtian targets, prior exploration data yields more than 1 billion barrels of oil in place upside potential. This upside will be later defined by further appraisal work post first oil, similar to recent appraisal campaigns at the Dussafu license offshore Gabon. BW to use own FPSO The Maromba field is located close to the Peregrino, Papa Terra, and Polvo oil fields where BW Offshore currently has or has had operations. BW Offshore intends to deploy one of its existing FPSOs to the field as part of a phased development to de-risk the project like at the Dussafu development.“Maromba meets many of the criteria our E&P strategy is founded on; proven resources, high upside potential, located in a country where we currently operate, phased development and the use of one of our own FPSOs,” said CEO Carl K. Arnet of BW Offshore.“We will pay approximately USD 1 per barrel of recoverable resources in an area we know well, and we are currently evaluating several development options within our phased development strategy that range from USD 3 to 7 of capital cost per recoverable barrel plus FPSO lease. Maromba has the potential to create significant value for the shareholders of BW Offshore,” Arnet added.According to BW, the acquisition price will be paid over three milestones as the development progresses towards first oil. The first milestone of $20 million is due on receipt of ANP approval as operator and formal sanction of the transaction, expected in the second half of 2019. The second milestone of $20 million is due at start of drilling activities and the third part-payment, representing the remaining $50 million, is due at first oil or three years after the start of drilling activities, whichever comes first.The acquisition of the remaining 30% field interest is pending board approval by Chevron.
A dredging project that will make the Port of Virginia the deepest port on the U.S. East Coast is now underway, according to the port officials.Following the finalization of the contract, the project’s initial phase started Sunday, reported the Virginia Port Authority.“The container ships are getting bigger and require more water depth to safely operate. This project, combined with all of the investments we are making at our terminals, tells the ocean carriers we are ready for the big ships,” said John F. Reinhart, CEO and executive director of the port.The $78 million contract for the first phase was awarded to New Jersey-based Weeks Marine earlier in October.Under the deal, the contractor will deepen the western side of the Thimble Shoal Channel to 55 feet, widening the channel to more than 1,400 feet in specific areas.When dredging is complete in 2024, the commercial channels serving the Norfolk Harbor will be able to simultaneously accommodate two, ultra-large container vessels.The total cost of the Port of Virginia dredging scheme is $350 million including engineering and design.
Radio NZ News 27 February 2017Family First Comment: “A secret recording of these admissions, made in a meeting with the 17-month-old’s extended family, has been given to RNZ by the family. Child Youth and Family told RNZ that publicising the recording would “impede our ability to do our job of keeping children and young people safe”. The agency is worried if RNZ broadcasts any part of the recording, it will undermine public trust in CYF and make it more difficult to have free and frank discussions. The family on the father’s side says just the opposite – that the public need to know just how badly wrong the agency got this case, so that it’s forced to change.”Exactly!A Child Youth and Family manager admits the agency failed multiple times when it sent a Southland toddler back into a P-using household where he died.A secret recording of these admissions, made in a meeting with the 17-month-old’s extended family, has been given to RNZ by the family.Child Youth and Family told RNZ that publicising the recording would “impede our ability to do our job of keeping children and young people safe”.The agency is worried if RNZ broadcasts any part of the recording, it will undermine public trust in CYF and make it more difficult to have free and frank discussions.The family on the father’s side says just the opposite – that the public need to know just how badly wrong the agency got this case, so that it’s forced to change.The family praised the CYF manager who did the internal review for having the guts to front up to them – but in the end say the recording of their two-hour meeting with her and a colleague last September showed an agency failing in the most basic way.“We felt that CYFs were paying lip service to our family,” said the toddler’s aunt, the sister to his father.READ MORE: http://www.radionz.co.nz/news/national/325390/cyf-admits-failures-over-toddler’s-death-to-family
NewsHub 28 October 2017Family First Comment: Disturbingwww.PornInquiry.nzAlmost one in five Kiwi teens have been asked for nude, or nearly nude pictures, in the last year.But only 4 percent of people between the ages of 14 and 17 have sent them.Martin Cocker from Netsafe says the figure surprised him.“A lot of people are being pressured to do it, yes, a lot of people know somebody who’s done it, but only a small percentage of young people have actually done it.”The survey also found 40 percent of respondents know someone who’s sent an explicit picture.Mr Cocker says that figure cannot be brushed off.“If you think of a large school, one child in every class has done it – there’s a lot of opportunity for that to go bad. It’s not insignificantly small at 4 percent at all.”Almost a third of respondents said they’ve felt pressure to engage in the behaviour.READ MORE: http://www.newshub.co.nz/home/new-zealand/2017/10/teen-sexting-one-in-five-asked-to-send-nude-pics.htmlKeep up with family issues in NZ. Receive our weekly emails direct to your Inbox.
NZ Herald 5 January 2018Family First Comment: Confusion – promoted and aided by the state. Disturbing. Can we get child prices at the movies today if we ‘identify’ as children? How about those special grants for Māori / pacific island students if we identify as that ethnicity?!! A growing number of Kiwis are changing their gender on official documentation.In the past five years, almost 400 Kiwis have changed their official gender identity on their passport. The number rose from 14 people in 2012 to 114 last year. In 2017, 79 people had done so at the time an Official Information Act request was received in September.People can choose their gender marker to be male, female or X which means “indeterminate”.Figures released by NZTA show that licence holders defined as “indeterminate” gender had gone from 84 in 2014 to 107 in 2017.Wellington transgender woman Jem Traylen has been transitioning over the past two years. She has changed her gender marker from male to female on her passport and driver’s licence. When she applied for an AA card she crossed out all the usual honorifics and wrote “Mx Jem Traylen”. She was surprised but delighted when it came back with that exact wording.“I felt validated. It’s great that the business world was responding and understood what Mx meant and could make changes.READ MORE: http://www.nzherald.co.nz/index.cfm?objectid=11944750&ref=twitter