Transocean Ltd. (NYSE:RIG) announced that the Board of Directors of Petroleo Brasileiro S.A. (Petrobras) has approved the award of a three-year contract for the ultra-deepwater semisubmersible rig Cajun Express for operations in Brazil. Petrobras has the right within one year of contract execution to convert the three-year contract to a five-year contract. Estimated contracted revenues related to the three-year contract term and five-year contract term, if elected, are approximately $558.5m and $894.3m, respectively, depending on the date of execution of conversion. Estimated contract revenues represent the maximum amount of revenues that may be earned in the firm contract period, excluding revenues for mobilization, cost escalations, customer reimbursed equipment and miscellaneous adjustments. The contract term is expected to commence in the first quarter of 2010 following the completion of the rig's current contract. The approved contract is expected to be executed by subsidiaries of Petrobras and Transocean at least 90 days prior to the rig's arrival in Brazil.
The company's update includes new contracts, significant changes to contracts, & changes to estimated times out of service. Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. The value of new contracts or extensions since the January 17
Dinner Cruise Vessel Boasts Mega-Yacht Style Measuring 175 ft. in length, dinner cruise vessel Starship was recently delivered to Starship Cruise Lines of Biloxi, Miss. Boasting a mega-yacht style, the vessel was designed by Naval Architects Dejong & Lebet of Jacksonville, Fla., and constructed by Freeport, Fla.-based Freeport Shipbuilding. Plachter-Vogel Design provided interior architecture. USCG-Certified under Subchapter K for 600 passengers, plus 30 crew
The ongoing collaboration between Napa Ltd and ABS has culminated in the recent release of a new version of SafeHull, called SafeHull Express. SafeHull Express is used for the design and assessment of ship structures in accordance with the ABS rules. The new and upcoming versions of ABS SafeHull Express are based on NAPA technology and functions, developed through cooperation between Napa Ltd and ABS Americas. The joining of forces has resulted in the integration of a complete initial
Dockwise Yacht Transports’ (DYT) newest ship, the 687.5-ft. (209 meter) Yacht Express, is due to arrive in next week. The largest vessel of its kind in the world, Yacht Express was purpose-built with a semi-submersible dock bay that allows yachts of any size to be safely floated on and off as cargo. The ship made its maiden voyage from , , to , in April with a mostly-megayacht load worth $154m. Twenty-five of the vessels will unload in while eight will remain in transit
Specilaist livestock carriers 'MV Galloway Express' and 'MV Ganado Express' have been named at the COSCO Shipyard in Guandong, China. These livestock carriers are the first two in a newbuilding programme of four next‑generation livestock vessels, being built for Vroon in Guangdong. The vessels have a cargo capacity of approximately 4,500 sqm and a cruising range of around 18,000 NM. They are fitted with animal-welfare facilities exceeding Australian (AMSA) regulations and incorporate a
On March 20, Austal USA launched its seventh and largest vessel to date. Lake Express, a 192 ft. high-speed vehicle-passenger ferry rolled out of Austal's purpose-built aluminum shipbuilding facility in Mobile, Ala., and into the Mobile River. "This project is a further step in building up capacity and capability at Austal USA which will stabilize our efforts to be a major contender in larger contracts in both the commercial and military markets," said Austal USA CEO, Greg Metcalf
According to a Dec. 13 report from The Financial Express, Bangladesh University of Engineering & Technology (BUET) laboratories is being developed in a bid to set up testing laboratories of international standard for shipbuilding industries, commerce minister Faruk Khan said. (Source: The Financial Express)
According to a Dec. 21 report from the Evening Express an Aberdeen doctor who developed training for the offshore industry has died. Dr. John Brebner, 58, made a major contribution in the development and delivery of courses for the North Sea offshore oil industry. (Source: Evening Express)
Aberdeen-based Deep Casing Tools, completes first operation of its 'Turbocaser' in the Norwegian North Sea, with a successful 21 hour reaming run. The Turbocaser™ Express is a high-speed drillable reaming system that enables drilling teams to land casings and intermediate liners at target depth first time. Two conventional attempts to run a 7” liner to total depth (TD) had been unsuccessful in the Statoil operated Gullfaks’ satellite well
In spite of rising political tension expressed in Bangkok rioting, government sources state that all official services, including Customs and port authorities, are working as normal, reports ship services supplier GAC. However, according to reports in the local press
Since its arrival in Tacloban city in Leyte province of Philippines, the "Peace Ark" has used a forward hospital as the pivot and the hospital ship as the major platform, and integrated forward medical detachments and medical visits
Global maritime IT services company, Versiant, says that its Lynx™ mobile software solution has been installed by the Port of Houston Authority (PHA) providing real-time accurate information for their customers at Barbours Cut and Bayport Terminals.
Seoul will not sell Daewoo Shipbuilding & Marine Engineering (DSME) to a foreign company to avoid any possible leakage of technologies reports 'Korea Times'. The response comes after a Russian consortium led by the state oil company OAO Rosneft recently expressed an interest in acquiring a
Dependable Global Express, Inc. (DGX), a global ocean freight forwarder, announces the appointment of Lily Sagherian as its Business Development Manager for DGX's new Middle East Trade Lane service. Ms. Sagherian is fluent in four languages including Arabic and Armenian
The Cleveland-Europe Express Ocean Freight Service will be the only scheduled international container service on the Great Lakes when it kicks off in April 2014. “Currently, local manufacturers use East Coast ports to ship goods to Europe
Indian company ONGC Videsh Ltd. is interested in exploring for hydrocarbon deposits in the Arctic in cooperation with leading Russian companies, reports 'Arctic info' (Russian). The announcement came in a joint statement adopted at the XIV Russian-Indian Summit
Frank Piedelièvre has informed the Board of Directors of Bureau Veritas that he has decided to leave the Board to devote himself fully to personal projects, having fulfilled his mission to provide support to Didier Michaud-Daniel in his role of Chief Executive Officer since March 1, 2012
Long acknowledged as a firm to watch in U.S. crewboat and fast supply boat innovation, SEACOR Marine will be attracting industry attention once again when their latest set of new boats begin delivery in 2014. While this new class of mono-hull boats have some big dimensions
Attended by Some 350 Guests, Announces Commitment to Further Business Expansion. Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) hosted a party in Singapore on November 7 for customers, business partners, government officials and others
Maritime forces from the United States, 10 East African and two European nations, along with several international organizations, have just commenced the multinational maritime exercise Cutlass Express 2013 off the coast of East Africa. Exercise Cutlass Express 2013
During the tenth-annual Chamber of Shipping of America (CSA) awards ceremony held in Washington, D.C., this week, Crowley Maritime Corporation was awarded 100 Certificates of Environmental Achievement for 2013 – more than any other company in the running
Miclyn Express Offshore Singapore purchased a Nautis Offshore Supply Vessel Simulator and Instructor Station for training of OSV activities within the Miclyn fleet. The simulator was delivered and installed by VSTEP. Miclyn Express Offshore has followed up this initial purchase with an order for
At a recent meeting of Gazprom's Management Committee, Chairman Alexey Miller noted that the project was progressing rapidly and on schedule – the first train of an LNG plant will be commissioned in 2018.
Inmarsat say that MOL Ship Management has commenced migrating over 100 vessels to the FleetBroadband 6 gigabyte (GB) plan for the primary purpose of enhancing both crew welfare and business operations. The decision to upgrade was made following a trial period on several selected vessels.