DIAMOND OFFSHORE SERVICES
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 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 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
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
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
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 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.
Damen Shipyards Galati has handed over the second platform supply vessel in a series order heralding a new era in offshore construction for Damen Shipyards Group. World Peridot, built to Damen’s PSV 3300 design, has been delivered to World Wide Supply. Delivery comes just seven weeks after the handover of the first of class PSV 3300, World Diamond, and is part of a rolling six-ship handover schedule from Damen for WWS.
'World Diamond', the first of a series of six uniquely designed platform supply vessels (PSV), was christened recently by the ship’s godmother, Princess Margareta of Romania, at Damen Shipyards’ Galati in Romania. Each of these PSVs is classed by Lloyd’s Register and is of 3,300 dwt with a breadth of 16.2 metres and draught of 6.5 metres. The remaining five PSVs will be delivered to their owner, Norwegian offshore support company, World Wide Supply AS (WWS), later this year
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.
Rig contractor Diamond Offshore Drilling Inc said it expected a significant number of ultra-deepwater rigs to be idled across the industry by year-end as oil producers' capital budget is likely to be lowered by a fifth this year. The company also said it would not pay a special dividend
Edison Chouest’s Fairweather, LLC lessens Arctic risk while increasing efficiencies in a challenging environment. As interest in offshore commerce in the Arctic increases, key components of any successful operation in this theatre include logistics, assets, and of course
The Board of Directors of Swissco Holdings Limited has entered into a joint venture with Union Offshore Ltd, a company incorporated in the Republic of the Marshall Islands. The joint venture has secured a charter contract with an approximate value of up to US$115 million to provide an
Smith Bits, a Schlumberger company, announced today the introduction of StingBlade* conical diamond element bit. StingBlade bits increase run length and rate of penetration (ROP) while delivering improved steering response in directional applications.
Kleven signed a contract with diamond company De Beers Marine Namibia, part of De Beers Group, on the building of a highly specialized vessel for deep water mineral exploration. The first of its kind vessel will be of MT 6022 design from Marin Teknikk
Rolls-Royce has won a $11.3 million order to provide design, integrated power and propulsion systems and equipment for an offshore service vessel for Norwegian ship owner Island Offshore. The offshore service vessel will be built at VARD shipyard in Brevik
Technip signed today an agreement to sell 100% of its North American diving assets to Ranger Offshore Inc.(1). Technip’s strategy focuses on high technology and ultra-deep water products and services. Proceeds from this divestment will be partially reinvested directly into
On September 4th, Anglo-Eastern celebrate it’s 40th Anniversary, in Hong Kong, concluding with an evening of fun, at the Hong Kong Maritime Museum. Among a host of VIPs, both local and international, Mr. & Mrs. Evert Maréchal, The Consul General of Belgium
Provider of floating production services to the oil and gas industry, BW Offshore, says it has signed a 5-year, $12 million contract with Orange Business Services for an end-to-end satellite communication solution for its fleet of oil and gas production vessels.
Online ship intelligence and information service VesselValue.com has launched a series highlighting the world's most expensive active vessels, and this week focuses on the costliest of all: QMAX liquefied natural gas (LNG) carrier Zarga, which prices in at a whopping $221.8 million.
When Aberdeen-based Diamond Offshore wanted to add new functionality to the existing helideck monitoring system on the Ocean Guardian drilling rig in the North Sea, Fugro developed and delivered a fully integrated, user-friendly solution to fulfill the requirements.
NYK says it has hosted a safety promotion conference for shipowners and ship-management companies at the NYK head office in Tokyo and at Imabari city in Ehime prefecture. This conference is held during July and August every year as part of the Remember Naka-no-Se safety campaign
Gulf Drilling International (GDI) Limited, a subsidiary of Gulf International Services (GIS), the largest oilfield service company in Qatar, has awarded two contracts worth US110 million to Nakilat-Keppel Offshore & Marine (N-KOM), a joint venture shipyard between Nakilat and Singapore’s
At least 20 river cruises have been affected in Germany on the Danube and Elbe rivers after lower than normal water levels have forced some cruise lines to undertake complex logistical maneuvers to keep tours running. Some Cruises have had to alter their itineraries
Russia's Sakhalin II liquefied natural gas (LNG) export plant will soon award a sell tender for three cargoes loading in August, two trade sources said. The cargos have been offered to long-term buyers and stakeholders in the project, not to the wider market, the sources said.