Offshore News
Join Date: Oct 2012
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Confirmation of previous rumour.
Statoil Awards Contract to CHC Helicopters Canada Inc. to Provide Offshore Transportation in North Atlantic | Business Wire
The Hebron project is the next big award for East Canada .
Statoil Awards Contract to CHC Helicopters Canada Inc. to Provide Offshore Transportation in North Atlantic | Business Wire
The Hebron project is the next big award for East Canada .
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Recent news for Bristows new contract in Ceduna, Australia. This is great news for the company entering into the gulf of OZ.
http://www.adelaidenow.com.au/busine...-1226906321864
http://www.adelaidenow.com.au/busine...-1226906321864
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Bristow Australia wins $A138M offshore contract from Ceduna for BP
More press on recent Bristow win in Australia. CHC seem to be losing ground in both the on shore and offshore market in Oz. Australian Helicopters (Avincis/Babcock) have taken the Victoria HEMS contract and are pushing hard for the NSW and WA HEMS/SAR work.With BRS winning a new piece of work along with the INPEX contact, Bond Offshore Australia winning the PTTEP the market is very competitive.
More press on recent Bristow win in Australia. CHC seem to be losing ground in both the on shore and offshore market in Oz. Australian Helicopters (Avincis/Babcock) have taken the Victoria HEMS contract and are pushing hard for the NSW and WA HEMS/SAR work.With BRS winning a new piece of work along with the INPEX contact, Bond Offshore Australia winning the PTTEP the market is very competitive.
CH3CH2OH
Expenditure on Offshore Helicopter Services
From North Sea Reporter HOME - klenergypublishing.com
Douglas-Westwood (DW) forecasts $24 billion in expenditure on offshore helicopter services between 2014 and 2018, a 57% increase compared with the preceding five-year period. Western Europe will continue to account for the largest share of global expenditure, driven by both the extensive North Sea infrastructure and the preference towards using large helicopters. The forecast is in DW’s first edition of the World Offshore Oil & Gas Helicopters Market Forecast, which covers all key commercial themes relevant to players across the value chain.
Douglas-Westwood (DW) forecasts $24 billion in expenditure on offshore helicopter services between 2014 and 2018, a 57% increase compared with the preceding five-year period. Western Europe will continue to account for the largest share of global expenditure, driven by both the extensive North Sea infrastructure and the preference towards using large helicopters. The forecast is in DW’s first edition of the World Offshore Oil & Gas Helicopters Market Forecast, which covers all key commercial themes relevant to players across the value chain.
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Boom in helicopter leasing is good news for the medevac industry
The stampede to cash in on the burgeoning deepwater offshore energy market has spawned a series of helicopter-leasing companies with billions of capital to invest. Initially the deals were for just large and medium helicopters servicing the oil and gas industry, but it now looks like some of these companies are making serious efforts to penetrate the medevac and parapublic markets — and that could be good news, especially for smaller players in the industry.
Companies such as Waypoint Leasing are moving into the light-twin space, recently announcing a deal to acquire 25 Airbus EC145T2s. Waypoint and other helicopter companies are growing like Georgia kudzu and are being backed by some smart money, including institutional investors such as Goldman Sachs. From its formation in 2013 through this May, Waypoint had acquired a portfolio of 37 helicopters worth $400 million and placed all of them.
Helicopter manufacturers like leasing. Leasing companies often make large buys, bringing added demand predictability to the assembly line, especially in uncertain economic times. The leasing companies usually get a volume discount that shows up on their bottom line. They also often are in the enviable position of monopolizing a manufacturer's output during economic boom times.
Leasing and safety intersect on several fronts. In many cases, leasing allows operators to free up capital that would otherwise be tied up in accumulated equity in the helicopters to grow or improve their businesses. It also allows them to operate a newer fleet with all the modern safety advances and turn that fleet over on an accelerated basis.
Leased helicopters also are less likely to suffer from neglectful maintenance as lease covenants frequently contain requirements that helicopters and engines be enrolled in flight-hour maintenance plans either independently or as an added cost right on the lease. This protects the residual value of the helicopter for the leasing company, but it also makes it less likely that the ship will suffer a catastrophic failure related to skipped or incomplete maintenance.
Waypoint, for example, recently inked a deal with helicopter engine-maker Turbomeca to provide engine support services to Waypoint's current and future customer base, including operators using Turbomeca's Makila 2A and 2A1 engines and Arriel 1S1 and 2S2 engines. The deal includes Turbomeca's monitoring of the engines and providing recommendations to operators "to improve engine reliability and performance."
That's good news for the crews and patients who fly in leased helicopters.
Companies such as Waypoint Leasing are moving into the light-twin space, recently announcing a deal to acquire 25 Airbus EC145T2s. Waypoint and other helicopter companies are growing like Georgia kudzu and are being backed by some smart money, including institutional investors such as Goldman Sachs. From its formation in 2013 through this May, Waypoint had acquired a portfolio of 37 helicopters worth $400 million and placed all of them.
Helicopter manufacturers like leasing. Leasing companies often make large buys, bringing added demand predictability to the assembly line, especially in uncertain economic times. The leasing companies usually get a volume discount that shows up on their bottom line. They also often are in the enviable position of monopolizing a manufacturer's output during economic boom times.
Leasing and safety intersect on several fronts. In many cases, leasing allows operators to free up capital that would otherwise be tied up in accumulated equity in the helicopters to grow or improve their businesses. It also allows them to operate a newer fleet with all the modern safety advances and turn that fleet over on an accelerated basis.
Leased helicopters also are less likely to suffer from neglectful maintenance as lease covenants frequently contain requirements that helicopters and engines be enrolled in flight-hour maintenance plans either independently or as an added cost right on the lease. This protects the residual value of the helicopter for the leasing company, but it also makes it less likely that the ship will suffer a catastrophic failure related to skipped or incomplete maintenance.
Waypoint, for example, recently inked a deal with helicopter engine-maker Turbomeca to provide engine support services to Waypoint's current and future customer base, including operators using Turbomeca's Makila 2A and 2A1 engines and Arriel 1S1 and 2S2 engines. The deal includes Turbomeca's monitoring of the engines and providing recommendations to operators "to improve engine reliability and performance."
That's good news for the crews and patients who fly in leased helicopters.
NTSB Bulletin Targets Helicopter Oil Rig Safety
The National Transportation Safety Board has issued a series of recommendations for helicopter operators, specifically those flying to or near oil platforms. The recommendations came as a result of several incidents and accidents that resulted from complete and partial turbine engine failures that were attributed to the ingestion of gas discharges from oil rigs.
The Bureau of Safety and Environmental Enforcement (BSEE), Helicopter Safety Advisory Conference (HSAC), the American Petroleum Institute, PHI, an oil platform helicopter operator that experienced an accident in 2011, and others have issued safety alerts and recommended practices to help mitigate the risks associated with the ingestion of methane gas emitted from oil platforms. However, the NTSB has found these measures insufficient to help prevent an accident.
While several federal agencies regulate various aspects of the oil and natural gas industry no federal agency specifically oversees the safety of helicopter operations to and from offshore oil platforms, the NTSB said. Therefore, NTSB recommends that BSEE take on this responsibility. The agency also recommends that the BSEE, U.S. Coast Guard, and the U.S. Department of the Interior work together to develop and implement systems and procedures for oil platform operators to mitigate the risks associated with the ingestion of gas discharges.
Furthermore, the NTSB has requested that API finalizes its revisions of Recommended Practice 2L, which addresses the venting of raw gases as it relates to helicopter operations.
The Bureau of Safety and Environmental Enforcement (BSEE), Helicopter Safety Advisory Conference (HSAC), the American Petroleum Institute, PHI, an oil platform helicopter operator that experienced an accident in 2011, and others have issued safety alerts and recommended practices to help mitigate the risks associated with the ingestion of methane gas emitted from oil platforms. However, the NTSB has found these measures insufficient to help prevent an accident.
While several federal agencies regulate various aspects of the oil and natural gas industry no federal agency specifically oversees the safety of helicopter operations to and from offshore oil platforms, the NTSB said. Therefore, NTSB recommends that BSEE take on this responsibility. The agency also recommends that the BSEE, U.S. Coast Guard, and the U.S. Department of the Interior work together to develop and implement systems and procedures for oil platform operators to mitigate the risks associated with the ingestion of gas discharges.
Furthermore, the NTSB has requested that API finalizes its revisions of Recommended Practice 2L, which addresses the venting of raw gases as it relates to helicopter operations.
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SD-2014/001 revoked - replaced by 002
14 October 2014
This Safety Directive is made in the interests of helicopter passenger safety and survivability for the reasons set out in Chapter 9 of the CAA Safety Review of Offshore Public Transport Helicopter Operations (CAP 1145). The review identified areas of passenger survivability that needed addressing including improving the prospects of rescue following a ditching, together with mitigating the consequences of capsize. This SD updates and supersedes SD 2014/001 which is revoked.
https://www.caa.co.uk/application.as...detail&id=6442
This Safety Directive is made in the interests of helicopter passenger safety and survivability for the reasons set out in Chapter 9 of the CAA Safety Review of Offshore Public Transport Helicopter Operations (CAP 1145). The review identified areas of passenger survivability that needed addressing including improving the prospects of rescue following a ditching, together with mitigating the consequences of capsize. This SD updates and supersedes SD 2014/001 which is revoked.
https://www.caa.co.uk/application.as...detail&id=6442
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The helicopter industry is one casualty of the fracking boom
I/C
Environmentalists aren’t the only group complaining about the recent boom in hydraulic fracturing, or "fracking," in the U.S.
United Technologies Corp.’s Chief Financial Officer Gregory Hayes said in the industrial conglomerate’s post-earnings conference call with analysts that the company’s Sikorsky Aircraft unit is seeing some pressure in its helicopter business, given the impact that fracking has had on the offshore oil business.
"With fracking in the U.S. growing so significantly, we’re seeing less of the oil and gas exploration expansion, which had driven the big ramp-up in commercial helicopters," said Hayes.
The executive said there was still a market for the helicopters, as Sikorsky is expected to deliver 40 commercial S-92s this year, and "a couple more” next year.
"It’s just that we’re not seeing quite the same growth because of the prevalance of fracking here in the U.S.," Hayes said.
The explosive growth in fracking has been a boon for the economies of several states, and has helped lower oil prices and reduce the U.S. reliance on foreign supply, but environmental groups have worried that it creates a greater greenhouse gas footprint.
United Technologies Corp.’s Chief Financial Officer Gregory Hayes said in the industrial conglomerate’s post-earnings conference call with analysts that the company’s Sikorsky Aircraft unit is seeing some pressure in its helicopter business, given the impact that fracking has had on the offshore oil business.
"With fracking in the U.S. growing so significantly, we’re seeing less of the oil and gas exploration expansion, which had driven the big ramp-up in commercial helicopters," said Hayes.
The executive said there was still a market for the helicopters, as Sikorsky is expected to deliver 40 commercial S-92s this year, and "a couple more” next year.
"It’s just that we’re not seeing quite the same growth because of the prevalance of fracking here in the U.S.," Hayes said.
The explosive growth in fracking has been a boon for the economies of several states, and has helped lower oil prices and reduce the U.S. reliance on foreign supply, but environmental groups have worried that it creates a greater greenhouse gas footprint.
Actually Sikorsky ain't seeing quite the same growth because their helicopters just don't cut it.
Mr.Hayes ought to fire the consulting firm that is likely charging UT milions of stockholders dollars and hire a better engineering and design team for his helicopters.
Mr.Hayes ought to fire the consulting firm that is likely charging UT milions of stockholders dollars and hire a better engineering and design team for his helicopters.
It's not the fracking that's denting Sikorsky profits but defence cuts. Methinks Mr Hayes was tongue in cheek when he referred to a " couple more sales" next year,presumably in oil and gas. Look at the S-92 backlog( but probably no longer at the S-76D?
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I read it as "40 commercial S-92s this year and ~45 in 2015," rather than "40 commercial S-92s this year and ~5 in 2015."
S-76D situation probably not as healthy...
I/C
S-76D situation probably not as healthy...
I/C
Also, the EuroCrap175
Nooby, because the EC175 is a POS.
Actually Sikorsky ain't seeing quite the same growth because their helicopters just don't cut it.
Nooby, because the EC175 is a POS.
Actually Sikorsky ain't seeing quite the same growth because their helicopters just don't cut it.
In addition to these iconic platforms
, I take note of recent comments on Rotorheads suggesting the AW189 SAR variant may not be on the ramp at Inverness when the shouts comes in on day one from those in mortal danger. Should this turn out to be the case, would you be so good as to join in the spirit of ‘April Fool’s Day’ and re-post your anti anything other than AW comments above.
And whilst you’re feeling bitchy, how about you wade into the YUH-60A thread and tell us all how crap the Blackhawk is, the saviour of many a wounded British serviceman out in the Stan and ‘The chariot of choice’ for air transportation of British flag officers in country.
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And whilst you’re feeling bitchy, how about you wade into the YUH-60A thread and tell us all how crap the Blackhawk is, the saviour of many a wounded British serviceman out in the Stan and ‘The chariot of choice’ for air transportation of British flag officers in country.