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DIAMOND OFFSHORE SERVICES

Diamond Offshore to Release Quarterly Fleet Status Report

Photo: Diamond Offshore

Diamond Offshore Drilling, Inc. informs it will issue its future fleet status reports each calendar quarter concurrent with the release of its quarterly earnings.   Diamond Offshore has historically issued its fleet status reports on a monthly basis, but has decided to change to quarterly reporting to better protect sensitive customer and contract information in light of competitive dynamics in the offshore drilling industry, the company explained.  


Diamond Offshore 2Q Earnings Fall

Diamond Offshore Drilling Inc., the world's largest offshore oil driller by market capitalization, reported its second quarter earnings fell more than 50 percent. Net income dropped to $53.2 million from $111.7 million in the same period of 1998. Revenues for the second quarter fell to $215.3 million from $323.5 million in the second quarter of 1998. The company did not comment in its earnings statement on business during the second quarter or on the outlook for the remainder of the year.


Keppel FELS Awarded Contract

Keppel FELS Limited (KFELS) has earned a cash bonus and another contract from Diamond Offshore Drilling Inc. to upgrade the sister rig, Ocean Rover. The $60 million project on Ocean Baroness only took 17 months and was delivered well ahead of schedule and on budget as well. While work was still in progress in November 2001, the owner, Diamond Offshore was so satisfied with the job that they awarded KFELS with the contract on Ocean Rover.


Keppel FELS Delivers its Rig to Diamond Offshore

Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M) has delivered its KFELS Super B Class jackup drilling rig to Diamond Offshore Drilling, Inc (Diamond Offshore). The Ocean Shield marks the 20th KFELS B Class drilling rig constructed by Keppel FELS since the launch of this design in 2000. It will also be the first of two KFELS B Class designed rigs commissioned by Diamond Offshore in 2005


Fairmount Alpine Towed Rig Ocean Whittington to Gulf

Alpine&Whittington smallWEB.jpg

Fairmount Marine’s tug Fairmount Alpine has towed the rig Ocean Whittington from offshore Belem, Brazil, to offshore Galveston, US. For this job Fairmount Marine was contracted by the rigs owner, Diamond Offshore Drilling, for which Fairmount has performed a series of towages in recent years. Ocean Whittington is a semi submersible drilling rig for deep water operations. The rig has worked offshore the northern Brazilian coast since 2009


World's Biggest Floating Diamond Processing Vessel Sets Sail

The world's biggest floating diamond processing vessel will set sail for the first time within three weeks and should be in position off Namibia before Christmas, the Namibian Minerals Corporation (NAMCO) said. "This is the biggest offshore diamond processing plant in the world," NAMCO chairman Alastair Holberton told reporters on a tour of the ship in Cape Town harbor. "We expect that in its first work up year in operation it will harvest 200,000 carats of diamonds worth about $30 million


Signal Delivers Two Rigs for Diamond Offshore

OceanAmerica_leavin_web.jpg

Signal International, L.L.P. announced the recent completion and return to service of two Diamond Offshore rigs, the Ocean Titan and the Ocean America. The LeTourneau Class 64 jackup, Ocean Titan, entered Signal’s East Pascagoula, Mississippi yard for modifications and repairs on 06 March 2009 and departed on 14 April 2009.  Meanwhile, another Diamond rig, the eight-column semisubmersible Ocean America, spent 97 days on Signal’s Dry Dock at Port Arthur


Signal Awarded Diamond’s Ocean America

Signal International has been awarded a contract for Diamond Offshore’s Ocean America to perform modifications and inspections to ensure compliance with ABS Special Survey requirements. The semisubmersible will be drydocked at the company’s Port Arthur Texas yard in early 2009. The vessel will undergo inspections to the anchor chain and propeller shaft, piping modifications, sacrificial anode replacements as well as new paint for the hull and derrick.


Offshore News: Offshore Companies in the News

• Diamond Offshore Drilling Limited, completed the previously announced acquisition of the third-generation semisubmersible drilling rig Omega. The rig, purchased for $65 million, has been renamed Ocean Patriot. Diamond Offshore has a fleet of 47 offshore drilling rigs currently consists of 32 semisubmersibles, 14 jack-ups and one drillship. • Diamond Offshore Drilling Inc. received a letter of intent from Murphy Sabah Oil Company Ltd


Keppel FELS Adds US$300 Million in New Contracts

Keppel FELS Ltd, a wholly-owned subsidiary of Keppel Offshore & Marine, has secured three contracts worth a combined US$300 million from repeat customers. The contracts are for the construction of a KFELS B Class jackup rig from Star Drilling Pte Ltd, a Singapore-based company promoted by the companies of D.P. Jindal Group; the upgrading of the semisubmersible ENSCO 5006 for Ensco PLC (Ensco); and the upgrading of the semisubmersible Ocean Patriot for Diamond Offshore.


Bibby Offshore wins Shell Contract

Howard Woodcock, Chief Executive, Bibby Offshore

Bibby Offshore won a contract with Shell, due to commence in Q1 2017, that will see Bibby Offshore provide engineering and subsea construction activities in the Gannet G field in the Central North Sea.    Bibby Offshore is contracted to use utilize its multipurpose dive support and


COSCO Shipping, DEME Signs Umbrella Agreement

Photo: DEME

 The Belgian dredging, environmental and marine engineering group DEME and COSCO Shipping - the largest shipping company in the world - will work closely on the development of offshore wind energy in China.    The umbrella agreement was signed today in the presence of Belgian


Seacat Services Launches High Speed Utility Vessel

Photo: Seacat Services

Offshore energy support vessel operator, Seacat Services, is preparing to launch its first High Speed Utility Vessel (HSUV), Seacat Enterprise. The 27m South Boats IoW catamaran is a new category of vessel for the offshore wind market, designed to provide both rapid crew transfer and wide-ranging


Bibby Offshore Wins Shell Subsea Deal

Barry Macleod, managing director Photo Bibby Offshore

Bibby Offshore, the leading subsea services provider to the oil and gas industry, has this year been awarded two contracts from Shell to provide inspection services on assets in the Corrib Natural Gas field in the North Atlantic Ocean.  


Allianz Middle East Ship Management, MCS Join Forces

Damen Fast Crew Supplier 2610 Photo Damen

Allianz Middle East Ship Management and Maritime Craft Services (MCS)have taken delivery of a Damen Fast Crew Supplier 2610. Demonstrating the cooperative relationship between the two companies, the new vessel will offer safe and cost efficient crew transfer services for up to 50 passengers to and


Emas Offshore Sinks Deeper into Red

EMAS Offshore Limited announced today a net loss of US$265.3 million for the full year ended 31 August 2016 (“FY2016”). Net loss for the three months ended 31 August 2016 (“4QFY2016”) stood at US$98.5 million.  


NYK Conduct Annual Safety Campaign

NYK president Tadaaki Naito, NYK executive officers, and a group of six vessel captains and chief engineers openly exchange opinions about the safe operation of vessels Photo NYK

n August 24, NYK president Tadaaki Naito, NYK executive officers, and a group of six vessel captains and chief engineers held a meeting at NYK headquarters in Tokyo to openly exchange opinions about the safe operation of vessels that NYK is managing and operating.  


Inmarsat’s LISW17 set stage for Digital future of Maritime

Image courtesy LondonInternational Shipping Week2017

Inmarsat has announced plans in support of its diamond sponsor commitment for London International Shipping Week, 11-15 September 2017 (LISW17) by staging three key events focusing on the maritime industry’s digital future. To coincide with the official launch of LISW17 on October 19th


Wärtsilä Designed AHTS Delivered to COSL

Another two Wärtsilä designed AHTS vessels are to be delivered to COSL this year. Photo Wärtsilä

Two new Wärtsilä designed Anchor Handling Tug Supply (AHTS) vessels were delivered from the Wuchang Shipbuilding Industry Group yard in China during the second week of September. The ships have been built for China Oilfield Services Ltd (COSL)


TCS Charters CWind Crew Transfer Vessel

Transmission Capital Services (TCS) has chartered one of CWind’s crew transfer vessels (CTV) on a five-year contract to support works at several of their offshore substations in the U.K.   CWind, a provider of services to the offshore wind industry


NYK Buys Stake in EMAS Chiyoda Subsea

(Photo: EMAS Chiyoda Subsea Limited)

NYK has acquired a 25 percent share of EMAS Chiyoda Subsea Limited (ECS), based on an agreement signed on June 10 with Ezra Holdings Limited (Ezra) and the Chiyoda Corporation (Chiyoda).   ECS is a global player in the engineering, procurement, construction


Diamond Wire Saw Cuts 200 Piles in Wharf Demolition

Photo: Mirage Machines

Cutting through piles made from concrete and steel and spending a long time under water isn’t a job for the faint hearted. So what kind of ‘rough diamond’ would be up to such a tough job?     In a recent demolition project in Australia


Ocean Endeavor Repair Completed

(Photo: Harris Pye Engineering Group)

Harris Pye Engineering Group completed repair works during the two-stage multi-million dollar Diamond Offshore demobilization project for its semi-sub rig Ocean Endeavor from the Black Sea, which completed its contract in January 2016. The initial phase of the repair work


Steady Return to Growth for the Offshore MMO Sector

Photo by Krokstadelva, Norway

 Douglas-Westwood has launched its new World Offshore Maintenance Modifications and Operations Market Forecast 2017-2021 which forecasts a steady recovery from the recent oil price downturn with Modifications spend expected to improve significantly between 2017 and 2021.  


OSV firm Farstad Continues Restructuring Talks

file Image (Credit: Farstad)

Supply firm Farstad Shipping's CEO Karl Johan Bakken repeats is in stand-still agreement with lenders until Oct. 1   Notable disclosures: * CEO says is talking to both industrial and financial investors on how to refinance 11.6 billion Norwegian crowns in net interest bearing debt ($1






 
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