BEFORE: The kitchen was functional but outdated. The property at 34 Banksia Ave, Ashgrove, has a dedicated pool house.“Michael’s garage is underneath that,” Mrs Ryan said.“It has a bit of a gym and he trains with his mates down there.“It’s his man cave.”The kitchen was Mrs Ryan’s favourite area of the home, and it even took out the title for the best kitchen at the 2010 Master Builders Awards.“I love the outlook to the big trees, an it flows out onto the deck really nicely,” she said.It has stone benchtops, Miele appliances, and a servery window out to the deck. AFTER: The house now has living on two levels.Extra rooms added to the property included two more bedrooms, a study, media room and three more bathrooms.Mrs Ryan said the inclusion of the granny flat was her husband’s prerequisite for the renovation, and it has been used over the years for everything from a pool room, to an office and playroom, before being converted back to a living area. AFTER: 34 Banksia Ave, Ashgrove.Liz Ryan’s husband Michael bought the highset Queenslander at 34 Banksia Ave in 2001, before the pair had even met, but it was evident that it would become their family home in the years that followed.“It was in good nick, just a bit small, with only two bedrooms and a sleep-out,” Mrs Ryan said. BEFORE: The rear of the home.More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours ago AFTER: The new kitchen is Mrs Ryan’s favourite area of the house.Beneath the servery window outside is a bar fridge, and there are automated electronic blinds to protect the outdoor furniture from the elements and shield the house from the sun.The house also won the top gong for the best renovation between $401,000-$1.5 million at the same Master Builders Association awards ceremony.Storage was plentiful, with an attic that could be accessed by stairs that extend down from the ceiling.There are polished timber floorboards sweeping through the top floor, and custom-made plantation shutters throughout.Other inclusions were ducted airconditioning and vacuum, keyless entry, intercom and security alarm system. Michael and Liz Ryan with Charlize, Harry and Holly at their Ashgrove home. (AAP Image/Josh Woning)IT IS difficult to believe this two-level Ashgrove beauty was once a tiny two bedroom cottage on a sloped block. Time taken: 9 months Total spend: $1 million approx. End valuation: A price guide can’t be given when a home is going to auction in QueenslandVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:34Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:34 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p180p180pAutoA, 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 Rate1xFullscreenWhy The Block has been such a success00:35 Liz and Michael Ryan with Holly, Harry and Charlize at their home in Ashgrove. (AAP Image/Josh Woning)They lived in it together for a couple years, before beginning what would be their first renovation in 2009.“We extended out and built underneath,” Mrs Ryan said.“We put a garage out the back because it has two street access, which has a granny flat.“We also put the pool in and built up the backyard so it was nice and flat.”While the facade remained original, with just a lick of paint required, the rest of the house was almost unrecognisable. BEFORE: 34 Banksia Ave, Ashgrove. The kitchen and living is now open plan and leads out to the back deck.There was also 5.5kW solar power, 30,000L water tank, and garage accommodation for three cars.This property is being marketed by Ray White Spring Hill agent Nicholas Carroll and is scheduled for auction onsite on Saturday, October 27 at noon.
FOLLOW SOPHIE FOSTER ON FACEBOOK Fancy an NRL halfback for landlord? Solani Jooste, Liam Jooste, 4, and Rob Gray enjoying one of the most stunning private pools in Brisbane’s inner-city Picture: Jamie Hanson.DESIGNER pools are the latest must-have accessory in luxury homes, with experts predicting they add up to three times their cost to property value. From $20,000 plunge pools on tiny blocks to cantilevered ones worth hundreds of thousands of dollars, demand is surging, keeping builders and designers on their toes. Real estate agent Matt Lancashire of Ray White New Farm has one of Brisbane’s most amazingly engineered pools in a home set to go to auction on March 26. Called Balaam, the pool at 33B Harbour Road, Hamilton, was especially designed by architect Shaun Lockyer and built by Hutchinson Builders for Brisbane developer Don O’Rourke of Consolidated Properties. TV star historic home ready for new owner The pool at Balaam in Hamilton is striking. A large L-shaped pool created with Dave Franklin makes the most of the wraparound concept. Picture: SuppliedThe line of sight trend has come into its own across South East Queensland, where the cost of pools run from $20,000 for a designer plunge pool to upwards of $100,000 for special ones tailored to suit particular sites.“People want to see the pool from their kitchen and living area,” Mr Gray said. “They need a visual of the kids, so it needs a connection with the kitchen and living area. That’s where people will want their pool now. Most people don’t want a disconnected jellybean.”Celebrity television pool designer Dave Franklin – whose skills have taken him to The Block, Reno Rumble, Open Homes Australia, and Ready Set Reno – said healthier pools were also on the rise.“More and more clients are asking for natural pool filtration systems. Magnesium based pools are definitely on the rise.” Amy Shark sinks millions into home town Celebrity pool designer Dave Franklin reimagined the kidney shaped pool at this site in the Isle of Capri on the Gold Coast. Picture: SuppliedMr Lancaster said the Balaam pool was a ‘no budget spared’ property icon.“The full cantilevered suspended pool has a glass front edge that’s rated so highly you could use it in Seaworld to keep polar bears in,” Mr Lancashire said. More from newsParks and wildlife the new lust-haves post coronavirus14 hours agoNoosa’s best beachfront penthouse is about to hit the market14 hours ago“Literally to put a pool in like that with concrete and glass you wouldn’t do it again or it would be majorly overcapitalising. But the way this whole house was designed and built, it works.” Mr O’Rourke sold the home for $11.8m four years ago.Award-winning Brisbane builder Graya director Rob Gray said pools were not just a luxury any more in upmarket homes, but a necessity.“With our climate it actually makes a lot of financial sense to put a pool in your house,” he told The Sunday-Mail. “For what it costs, you get a good return because of the climate, definitely in Brisbane. A $1.5 million house might sell for $1.6m because of it, and the pool might have only cost about $30,000.” MORE: Jessica Rudd is doing it her way Its groundbreaking cantilevered pool was set into the side of the first floor of the home so that Mr O’Rourke’s children could be seen from the upstairs kitchen while they were swimming.“The most important features for pools are one that it be beautiful and striking and secondly that it be practical. If you can see the pool from all parts of the house it’s great for safety, great for the family to enjoy time together,” Mr O’Rorke said.“You could be eating in the dining area, cooking in the kitchen, and still have the ability to interact with the pool.“In Balaam, we put a bright red mosaic tile in a beautiful pool, with a glass wall to the street which adds a bit of drama and then we put it on the first floor so it sat in middle of kitchen outdoor dining and living area so everyone could be together.” The pool of The Block co-host Shelly Craft in Byron Bay created with the help of Dave Franklin. Picture: Supplied.His top five pool tips were to consider natural alternatives especially for filtration systems, don’t even think about DIY for pools, use the highest levels of water purification you can afford, do not skimp on maintenance, and remember small spaces can work well too.“Many of us are opting for compact, apartment style living these days and that doesn’t have to mean you can’t have a pool,” he said. “I’ve loved designing and building some really creative, small-space swimming pool solutions and you wouldn’t believe what you can achieve with smart thinking and innovative ideas. The sky’s the limit.” David Franklin and his team worked with The Block co-host Shelly Craft to create a Palm Springs inspired pool landscape for her, husband Christian and their two daughters in their Byron Bay home. Picture: Supplied. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. 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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 Rate1xFullscreenStarting your hunt for a dream home00:51
This corner shop and residence took 10 months and over $1 million to renovate and extend. It goes to auction on Saturday at 9am. Picture: supplied.TERMITES had eaten the heart out of 1 Pier Avenue at Shorncliffe and a palm tree was working hard to push what was left over when Tracy and Tony Watson took their first cautious step on the road to restoration.The local community has applauded the results and there are three serious contenders for the auction which coincides with the opening of polling booths in the 46th federal election this Saturday.“We’re expecting a big turnout,” Jim McKeering Real Estate agent Jacqui McKeering said. “There’s a polling booth just down the road at the school. It will be a great start to the day.” More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agoThe upstairs living quarters as they look today. Picture: supplied.Original windows and doors were reglazed and finished to enhance the streetscape.Tiles from the old Tugun Hotel on the Gold Coast were repurposed and put in the powder room, and an old bridge beam was added as a feature in the middle of the kitchen.The commercial space downstairs was turned into two separate shops with storage space. Brisbane election day houses hot under the hammer Get the beach vibe without hitting the M1 The outside courtyard at 1 Pier Ave, Shorncliffe. Picture: supplied.Upstairs has a dining area, covered deck and second ensuited bedroom with a bath. Termites had eaten the pine floor and VJ walls with only the hardwood beams remaining. Picture: supplied.“The floor was so paper thin, they’d left furniture in the middle of the room because they couldn’t walk into the floor upstairs to get it out,” Mr Watson said.“It was uninhabitable.“We could have demolished it given the state it was in, but we wanted to keep the original building if we could.“This is one of the last standing original commercial properties in Shorncliffe.”That was in 2015 and the next two years were spent seeking council approvals for the restoration that would involve steel bracing to straighten the building, and termite-resistant hardwood timbers. >>>FOLLOW THE COURIER-MAIL REAL ESTATE TEAM ON FACEBOOK<<< The ground level shop in the early days of restoration. Picture: supplied.The upper level was opened out to create a contemporary living and gourmet kitchen area with a bedroom or study, all of which extend over the footpath. The undercover deck is part of the extension and separates the living areas from the ensuited bedrooms. Picture: supplied.The downstairs extension has added a disabled toilet for the shops, a carport and ensuited bedroom with outside courtyard. The downstairs shop space as it looks today. Picture: supplied.“(The original building) was all divided into little smaller rooms with single-skin VJ walls,” Mr Watson said.“What was important to us was the width, to open the living area as much as we could.” Before the renovation, 1 Pier Ave, Shorncliffe looked like this, with a palm tree behind pushing it over. Picture: supplied.It had been a convenience store, a dance studio and a home but the termite nests that had moved in most recently were the largest Tony Watson had seen in 40 years in the building industry. The upstairs ensuite. Picture: supplied.“It has been a privilege to preserve a corner of Shorncliffe,” she said.Having never used the downstairs space as a shop, the couple have bought elsewhere in Shorncliffe and are hoping a commercial and residential vision for the property will be explored by new owners. It took four months for Dane Watson’s ReNew Builders to complete the extension to 1 Pier Ave, Shorncliffe. Picture: supplied.“I really don’t like when old buildings are replicated,” Mrs Watson said.“I’d rather make the old look wonderful and then do something that complements that at the back.” The kitchen has a pantry behind. Picture: supplied.Then circumstances changed for the Watson family.“We were going to do the old part only and lease it. But we were living in Samford at the time and we decided to come back to Shorncliffe because our family was around here, so we came up with the idea of designing the extension.”Their brief to son Dane Watson, who led the build, was to not replicate the heritage look in the extension. It took six months for Shorncliffe couple Tony and Tracy Watson to restored this turn of the century corner shop with a residence above. Picture: Mark Cranitch.The historic corner shop with residence above was built before the sails were unfurled in the first Brisbane to Gladstone yacht race just down the road. The extension partially complete. Picture: supplied.So the turn of the century corner shop with residence above now melds into a modern, architecturally-designed extension to create a property of distinction that has been home to the Watsons since late 2017.Despite the petite nature of the block — a mere 281sq m — the house has 290sq m of living space.“You are living over the street, it’s very special,” Mrs Watson said.“You are right there in the middle of things, but tucked away, it’s a strange feeling, very different to anywhere I’ve lived. Like you’re in your own little world.” MORE REAL ESTATE STORIES AREC Australasian auctioneer of the year Justin Nickerson, who is from the local area, will take the property to auction with high profile bidders expected. Picture: Zak Simmonds.
Pavillions 23/1 Airport Drive, Hamilton Island is for sale for $3,650,000.Lynn Milsom, from Hamilton Island Real Estate is selling Pavillions 23/1 Airport Drive, which has also been renovated and includes a media room and spa.The three-bedroom, three-bathroom apartment is $3.65 million and has views across the marina, Dent Island and the Whitsunday waters. MORE QLD REAL ESTATE NEWS: AUSTRALIA’S INCREDIBLE SHRINKING HOUSES Pavillions 23/1 Airport Drive, Hamilton Island is for sale for $3,650,000.CASHED-UP buyers are willing to spend millions on luxury apartments in the Whitsundays, with the rare opportunity of leaving their “toys” at their doorsteps.Totalling more than $10 million, three luxury apartments at the Pavillions on Hamilton Island, developed by former Australian swimmer Lisa Curry and now ex-husband and former Ironman Grant Kenny, are on the market, each with private marina berths. DEVELOPER CREATES STANDOUT MANCAVE Pavillions, Hamilton Island is a stunning place to live.Last month he sold a unit in the same complex for $3.5 million to an older couple who enjoyed the boating lifestyle.“A lot of people have owned these units since being built. They don’t turn over very often. Only a select few are holiday rentals, most are private use.”The overseas owners of Pavillions 17, 1 Airport Drive are ready to sell having not been able to utilise their investment frequently.More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoQueensland Sotheby’s International Realty’s Wayne Singleton said inquiries for the single-level ground floor apartment were strong.Priced at $3.5 million, he said buyers could easily leave their “toys” at the front.“Fly in and within five minutes you’ll be at your private residence,” he said.“You don’t have to go overseas to have this type of luxury.”There is also a four-seater buggy with a private single-buggy garage included in this package, he said. LOOKING FOR A LIFESTYLE CHANGE? Hamilton Island’s Pavillions 3, is for sale.With 20 apartments in the complex, built around 2004, Hamilton Island Real Estate selling agent Liam Kearney said the single-level apartment at Pavillions 3/1 Airport Drive, was priced at $3.65 million and had recent renovations done to the kitchen, bedroom and bathroom.The four-bedroom, three-bathroom has a garage and marina berth for a vessel up to 60ft. “The owners are from interstate and they have had it for long time. There’s a really good holiday rental history to it,” Mr Kearney said.Mr Kearney said a property of that calibre would rent between $995 to $1110 a night.
Mr Wu said another key design focus was ensuring that all four bedrooms had ensuites, and that an open floor plan and high ceilings were featured thought the Sunnybank build.He said he had already had “a fair bit of interest” from Asian buyers. “I am now working on another project in Holland Park West, but that’s being targeted at both western and Asian buyers,” he said.“It will have some of the same design concepts but with more of a western feel.”The Sunnybank property is being marketed by Owen Chen and John Heng of Place Sunnybank. 7 ALDERSHOT ST SUNNYBANKBRISBANE entrepreneur David Wu, who founded the hugely popular 8 Street, is selling his Sunnybank investment property.8 Street is an Asian hawkers market-style food precinct which now has four locations in Australia – Westfield Garden City, Mount Ommaney, Harbour Town on the Gold Coast and Docklands in Melbourne. MORE NEWS: Renewed push to sell fitness queen Ashy Bines’ Gold Coast home Richlister reveals the best property advice he was ever given Mr Wu said property development was “my hobby”.He said he targeted the southside as he could see a need for housing that suited the Asian buyer, focusing his design concepts on open plan layouts and Feng Shui.“I have done some renovations on investment properties but this is my first new build,” he said.“Although I did build our family home in Camp Hill.” Mr Wu said he wanted the Sunnybank house to be a modern build with unique features and have a focus on using all spaces. More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoHe said Feng Shui was important consideration for Asian buyers.Realestate.com.au notes that Feng Shui is all about the balance of energies, also known as Qi, with a focus on “positive energy” to ensure health and good fortune. 8 Street founder David Wu (right) in Surfers ParadiseMr Wu confirmed they were also investigating options to open a new precinct in the Brisbane CBD.But it is not just food and hospitality that keeps Mr Wu busy, with another of his companies Wu Property XT Pty Ltd buying up a number of investment opportunities on Brisbane’s southside and the northern Gold Coast. Property records show that Wu Property XT Pty Ltd bought a large vacant block of land at Sunnybank in 2018, and split the block in to three parcels.Two of those blocks were sold off, with one at 7 Aldershot Street now home to a brand-new, modern build now listed for offers over $1.29 million. Neale Whitaker rescues home stuck in reno limbo
Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:04Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:04 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, 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 Rate1xFullscreenCameron Kusher Covid-19 update02:05More from newsParks and wildlife the new lust-haves post coronavirus9 hours agoNoosa’s best beachfront penthouse is about to hit the market9 hours ago Mr Howen said the lowest interest rate right now as 2.09 per cent from ING fixed, with the major banks also sitting low with Commonwealth Bank at 2.19 per cent fixed. But he said that could drop down below 2 per cent even as soon as a month.“Will we see 1 per cent? It could happen but that will be banks and other lenders getting super competitive,” he said.“RBA has ruled out any further interest rate cuts … They’ve pumped majors and non banks with funding. If major banks are at 2.09 or 2.19 per cent now, there’s a chance that once that (funding) flows through to non bank lenders, we might see a 1 and we could potentially see that in a month or so.”“If you see a major bank with a 2.19 you go okay something’s up if they can offer such low rates, which is crazy.”Mr Howen said now that people were at home they had the time to go through their finances. FOLLOW SOPHIE FOSTER ON TWITTER Mr Howen said first home buyers and families refinancing current mortgages were driving the surge.“Our traffic has gone up five times,” he told The Courier-Mail. “We’re an online mortgage broker and lender, always 100 per cent online, and now that you can’t physically see people, we’re seeing a lot more people come through.”“This happened after the GFC as well, the stock market crashed, people took money out and people had self managed super funds. The same thing is kind of happening now. It’s early days but we’re getting that sense of people feel safer with property … It’s going to take a while to play out, I think six to 12 months.” Online brokers are seeing a rise in interest from people wanting to refinance and first home buyers.Homebuyers are lining up fresh new mortgages as the country prepares for what’s expected to be record low interest rates the likes of which Australia never dreamt it would see.Online lenders were already experiencing a massive spike in enquiries, with founder of Hero Broker Clint Howen, who runs Hero Home Loans online, seeing enquiries surge to five times their usual traffic. MORE: Auctions wiped as vendors find new ways to sell Developers cautious but not deterred by COVID-19 threat
TOP GOLD COAST SALES 2020$6.75 million- 18a Ephraim Island Access, Paradise Point $5.5 million- 6/3531-3533 Main Beach Pde, Main Beach$5.2 million- 59 Hedges Ave, Mermaid Beach$4.75 million- 46-48 Peak Ave, Main Beach$4.5 million- 3/3565 Main Beach Parade, Main Beach Entertain in style.More from news02:37International architect Desmond Brooks selling luxury beach villa7 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago MORE GOLD COAST REAL ESTATE NEWS Middle of the market set to lead post COVID-19 sales 1-3 La Scala Court, Isle of Capri., fetched the highest sale price in two years on the Gold Coast Pictures: Amir Mian.THE sale price of a jaw-dropping Gold Coast mega mansion has been revealed.Amir Mian of Amir Prestige confirmed the sprawling mansion on the Isle of Capri sold for $11.75 million, which is the highest price paid on the Gold Coast in the last two years.Riverpoint, a six-bedroom residence with a raft of luxury features, went under contract yesterday, as reported by the Gold Coast Bulletin . The jaw-dropping mansion is on a point position. There is no shortage of luxury features here. Relax and unwind here.Previously, the highest price paid this year was $6.75 million for a residence on Ephraim Island Access, Paradise Point.The sale also trumps the highest price paid on the Gold Coast in 2019, which was $11 million for a property on the Sovereign Islands.While Mr Mian confirmed the sale price, he declined to comment on the sellers or buyers.Built on a massive point position with 90m of main river frontage, the 1,651sq m residence at 1-3 La Scala Court is surrounded with lush tropical gardens and is reminiscent of a Thai resort. Builder secures beachside site for $10M townhouse project MORE: Hinterland house attracts visitors from all around the world
Norway’s Statoil has received consent from the Petroleum Safety Authority (PSA) to use the Gina Krog FSO on the namesake field offshore Norway. The Gina Krog floating storage and offloading (FSO) is a converted shuttle tanker destined for use as a storage vessel on the Gina Krog oil and gas field, which is located 250 kilometers west of Stavanger and 30 kilometers north-west of the Sleipner A platform in the North Sea.The field has been developed using a fixed steel platform and a storage vessel (FSO) for oil, and started production in June 2017.The Gina Krog platform is tied in to Sleipner A and uses both processing capacity on the platform and existing pipelines for sending the gas to the market in Europe.Oil from the field is set to be transported by the Gina Krog FSO unit, which was converted from the former shuttle tanker Randgrid from the Heidrun field by Sembcorp Marine’s subsidiary Sembawang shipyard. The unit headed from Singapore to Norway in July.According to the latest AIS data, the FSO is currently moored in Randaberg at the northern end of Stavanger.Statoil is the operator of the Gina Krog field with an interest of 58.7 percent. French oil major Total recently sold its 15% stake in the field to KUFPEC which will upon completion of transaction have 30% interest. The remaining interest is held by PGNiG Upstream Norway (8%) and Aker BP (3.3%).The consent for the use of the Gina Krog FSO has been granted by the offshore safety regulator in accordance with Statoil’s application.Teekay owns and operates the FSO. No Acknowledgement of Compliance (AoC) will be issued, since this is a facility that will only be used for storage.Offshore Energy Today Staff
Mexican state-owned oil company Petróleos Mexicanos (Pemex) is on the lookout for a partner to carry out exploration and production activities on the Nobilis-Maximino area in the deepwater Gulf of Mexico.The Nobilis-Maximino block is located in ultra-deepwater in the Cinturón Plegado Perdido area of the Gulf of Mexico, 230 kilometers off the coast of Tamaulipas and 15 kilometers from the maritime border with the United States.It contains total 3P reserves that are estimated at 500 million barrels of crude oil equivalent. With a flow depth between 2, 900 and 3, 100 meters, it covers a total area of 1,524 square kilometers.In a statement on Monday, the Mexican oil company said joint ventures were a key element for Pemex to „consolidate itself as a modern, competitive and profitable enterprise, as this allows the company to share the risks of exploration and production in its fields, thus making use of the advantages provided by the Energy Reform.“The call for the international public bidding process that corresponds to this block in the deep waters of the Gulf of Mexico was published today by the National Hydrocarbons Commission.Pemex Board of Directors has earlier authorized sending the application for migration with a partner for the exploration and extraction in the Nobilis-Maximino block.Petróleos Mexicanos had requested the Sener (Ministry of Energy) to migrate the assignments for the Cinturón Plegado Perdido 03, 08 and 09, which were assigned to the company during Round Zero, to a contract for the exploration and extraction of hydrocarbons with a partner whose area of expertise is related to this contractual field.The Nobilis-Maximino block is located in ultra-deep water in the Cinturón Plegado Perdido area of the Gulf of Mexico, 230 kilometers off the coast of Tamaulipas and 15 kilometers from the maritime border with the United States.According to Tuesday’s statement by Mexico’s National Hydrocarbons Commission (CNH), a call for tenders was published and a basis of bidding for a partnership in the license.The CNH added that it approved the international public bidding process for the license during the 46th special session of the Commission on September 15.As stated in the schedule for this bidding process, the CNH will publish the list of bidders on January 24 while the bidding itself will be held on January 31, 2018.“The Nobilis-Maximino concession is an essential part of Petróleos Mexicanos’ strategy to promote such partnerships that will strengthen its (Pemex’s) operating, financial and technological capabilities,” Pemex said.Offshore Energy Today Staff
German shipbuilder Meyer Werft has handed over the new cruise vessel World Dream to the Asian shipping company Dream Cruises, a subsidiary of Genting Hong Kong. The new ship can accommodate 3,376 passengers and is 335 meters long, 39.7 meters wide and can reach a speed of more than 23 knots. This cruise ship also carries a small deep-sea submarine that can take guests down to a depth of up to 200 metres. In addition, World Dream has been designed and built according to the latest safety regulations, Meyer Werft said.“This is the 44th cruise ship we delivered. Our team made a great job. I am proud and thankful for their contribution,” said Tim Meyer, Managing Director of Meyer Werft.The new cruise ship has been designed for the rapidly growing Asian cruise market.After being handed over to the cruise company in Bremerhaven, World Dream will set sail to Asia where it will offer cruises for two, five and seven nights. Sailing from Hong Kong, it will cruise through regions in Vietnam and China.Once it arrives in Asia in November of this year, the ship will replace its sister ship Genting Dream in the Pearl Delta and Genting Dream will be homeported in Singapore.Delivered to the company from German shipbuilder Meyer Werft on October 12, 2016, the Genting Dream can accommodate 3,400 passengers and 2,000 crew.Earlier this month Genting Hong Kong announced delisting from the Singapore Exchange Securities Trading Limited (SGX-ST).The company said that the move is in line with its strategic focus on its cruise ship business in Asia, in particular, North-Asia, as the company continues to undertake initiatives to tap the burgeoning growth potential in the Chinese market.Image Courtesy: Meyer Werft; Video Courtesy: Dream Cruises