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Chiles Offshore

Pinkard Joins Chiles Offshore

Chiles Offshore reports that Chris Pinkard has joined the company as Vice President of Marketing & Sales replacing William Plamondon who is retiring within the next several months. Pinkard previously worked for R&B Falcon in the same capacity. In other company news, Bruce Brumley has been promoted to Vice President - Operations and Gabriel Padilla has been promoted to Vice President - Engineering & Construction.


ENSCO and Chiles Offshore Announce Agreement to Merge

ENSCO International Incorporated and Chiles Offshore Inc. announced that they have signed a definitive merger agreement by which ENSCO will acquire Chiles. The Boards of both companies have approved the transaction. Under the terms of the merger agreement, Chiles' stockholders will receive 0.6575 shares of ENSCO common stock, plus cash of $5.25, for each share of Chiles' common stock. Total value of the transaction is approximately $578 million based on ENSCO's closing price as of May 14


HHI Capitalizes on Offshore Business

The name Hyundai Heavy Industries (HHI) usually comes up with a name tag of the worlds largest shipbuilder. But the Ulsan-based company is now dreaming of becoming more than just a shipbuilder, as they have found out that selling offshore oil drilling facilities and industrial plants can be lucrative businesses especially with the soaring oil price, according to a report in the Korea Times. Earlier this month, the company won a $1


Keppel’s Yard Delivers Rig to ENSCO

Keppel’s yard in Brownsville, Texas, AMFELS Inc. has delivered on time and on budget, a KFELS MOD V “B” class ultra premium jack-up drilling unit to a subsidiary of ENSCO International Incorporated. ENSCO 105 is the second MOD V “B” new generation deep-well drilling rig that has been completed. The total cost of construction and outfitting for the ENSCO 105 was in excess of US$100 million (S$175m), of which work performed by AMFELS formed a major portion.


UFRJ Wins International Student Offshore Design Competition

A team from the Naval and Ocean Engineering Department at the Federal University of Rio de Janeiro (UFRJ) has won the first International Student Offshore Design Competition sponsored by the Society of Naval Architects and Marine Engineers (SNAME) and the Ocean, Offshore and Arctic Engineering Division of the American Society of Mechanical Engineers (ASME) with their entry “Preliminary Design of the ‘Maracanã’ FPSO Unit.”


Offshore Wind Energy Health & Safety Summit Planned

Offshore Wind Health and Safety Summit 2012 to consider how to ensure workers safety in this hazardous industry. The European offshore wind industry is growing exponentially. In the first half of 2012 alone offshore wind power was up 50% on the previous year; 523.2 MW compared to 348.1 MW. EWEA predict that 2012 will be the best ever year for the industry. Along with this installed capacity, 13 offshore wind farms were in construction in the first half of this year.


Offshore Rig Counts Unchanged

The number of mobile offshore drilling rigs under contract is unchanged from last week, according to Offshore Data Services' weekly mobile offshore rig count. In the U.S. Gulf of Mexico, 139 of 190 mobile offshore drilling rig are under contract this week. U.S. Gulf drilling fleet utilization is 73.2 percent. Among the working rigs is a new deepwater drillship, which has moved to its first drilling location. In the North Sea, Mediterranean Sea and other European waters


Offshore Rig Demand Rises In U.S., Falls In Europe

Rig demand increased in the U.S. Gulf of Mexico and declined slightly in Europe, following a pattern that is likely to be repeated through the end of this year at least. According to Offshore Data Services' weekly mobile offshore rig count, the U.S. Gulf rig count increased by three rigs since last week. Today, 136 of the region's 187 mobile offshore drilling units are under contract and U.S. Gulf mobile offshore rig utilization is 72.7 percent.


NOSAC Meeting Scheduled for February 3

The National Offshore Safety Advisory Committee (NOSAC), sponsored by the U.S. Coast Guard, will conduct a teleconference meeting on February 3. The purpose of the meeting is to discuss the formation of a subcommittee on application of the Safety of Life at Sea (SOLAS) Convention to various types of offshore support vessels working in foreign locations. 70 Fed. Reg. 3051 Source: HK Law


GL Garrad Hassan at Husum WindEnergy 2012

GL Garrad Hassan report examines offshore wind potential in Baltic Sea Region.   The Baltic Sea has great offshore wind potential. The development of offshore wind resources will be vital for many of the Baltic nations, as they look to meet their commitments to boost renewable energy generation. GL Garrad Hassan, part of the GL Group's renewables business segment, has presented a new report outlining the potential for large scale offshore wind power deployment in the Baltic Sea Region


Offshore Driller Noble Corp Q1 Earnings Beat Forecasts

Noble Corp., a leading offshore driller, reported first-quarter net income on Wednesday of $0.99 a share, higher than consensus forecasts, as new rigs helped lift revenues. ThomsonReuters I/B/E/S had forecast earnings of 70 cents a share or 82 cents a share excluding special items.


POSH raises $311m in Singapore IPO

Image: POSH file photo

POSH prices IPO at S$1.15 per share, near bottom of indicative range. POSH focuses on service to production, maintenance and is keen on growing offshore accommodation business. PACC Offshore Services Holdings (POSH) could raise at least S$388


Offshore Service Vessels Design Innovation

PSV World Sapphire from Damen (Photo courtesy Damen)

It could be argued that no other sector of the maritime market has experienced a design innovation revolution quite like the Offshore Service Vessel (OSV) market. Driven by demands to supply people, gear and goods to offshore installations that are increasingly further from shore in deeper waters


Maritime Reporter @ 75: The Daily Cartoon

© New Wave Media

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners


Golden Energy Offshore orders 2 PSVs

PX 121H design PSVs

 Golden Energy Offshore has entered into a shipbuilding contract with NANTONG RAINBOW OFFSHORE & ENGINEERING EQUIPMENTS CO.,LTD (ROC) in China for the construction of two PX121H Platform Supply Vessels (PSVs) from ULSTEIN, with the option to build two more vessels of the same design


Shell drops Norwegian subsea gas project

Royal Dutch Shell has dropped one of Norway's biggest and most innovative industrial projects due to rising costs and complexity, dealing a blow to a technology that some hope could revolutionise offshore production. Shell said on Friday it would postpone a project to provide subsea compression


EMAS Awarded Gunflint GoM Project

EMAS, the operating brand of Ezra Holdings, a global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, today announced that it has received a Letter of Agreement (LOA) from Noble Energy for the Gunflint Project in the Gulf of Mexico (GoM).


RS Expands Participation in Offshore Projects

Russian Maritime Register of Shipping (RS) is to undertake ship construction survey for the Lukoil Group. This project follows the RS effective cooperation with one of the major RF oil companies in developing offshore hydrocarbon resources.


Topaz Secures another West Africa Contract

The Topaz Faye

Topaz Energy and Marine, an offshore support vessel company with primary operations in the Middle East and Caspian, announced a new contract win for its fast growing West Africa operation. Under the terms of the $11 million agreement, Topaz will supply a global oil major with a platform supply


Pioneering Tech for Offshore Wind Farm Maintenance

Image Courtesy James Fisher Renewables

James Fisher Renewables pioneers trial of innovative Ship-to-Turbine Oil Change System James Fisher Renewables conducted an innovative trial of Ship-to-Turbine (STT), an oil change system set to significantly improve safety, efficiency and reduce down time in offshore wind turbine gearbox oil


Maritime Reporter @ 75: The Daily Cartoon

© New Wave Media

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners


BOEM Proposes GoM Oil and Gas Lease Sale

Photo courtesy BOEM

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau today announced that the bureau will offer more than 21 million acres offshore Texas for


Maritime Reporter @ 75: The Daily Cartoon

© New Wave Media

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners


Topaz secures another West Africa contract

Topaz-faye DP2 platform

Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, today announced a new contract win for its fast growing West Africa operation. Under the terms of the US$ 11 million agreement


Maritime Reporter @ 75: The Daily Cartoon

© New Wave Media

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners


 
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