American Superconductor Corporation received a $1.3m contract extension for its second generation (2G) high temperature superconductor (HTS) wire from the U.S. Department of Defense (DOD). The contract was awarded by the Office of Naval Research (ONR) and funded by the Defense Advanced Research Projects Agency (DARPA). This most recent extension represents the sixth contract or contract extension American Superconductor has received for 2G HTS wire development over just the last 10 months and brings the total dollar amount of all AMSC government contracts and contract extensions for this purpose to approximately $8.1m in that timeframe. Targeted DOD applications for 2G HTS wire include ship propulsion electric motors and generators, degaussing cable systems, non-lethal weapons and power distribution systems for warships. AMSC is actively involved in developing components or systems for each of these applications.
Transocean Ltd. (NYSE:RIG) announced that its ultra-deepwater semisubmersible rig Deepwater Horizon has been awarded a three-year contract extension by a subsidiary of BP p.l.c. (NYSE:BP) for operations in the U.S. Gulf of Mexico commencing in September 2010. Estimated contracted revenues related to the three-year contract extension are approximately $544m. Estimated contract revenues represent the maximum amount of revenues that may be earned in the firm contract period
Advanced acoustic processing and tracking capabilities provided by Lockheed Martin (NYSE: LMT) will enhance underwater surveillance and help increase situational awareness for the U.S. Navy fleet. Lockheed Martin has been awarded a follow-on contract from the Navy's Space and Naval Warfare Systems Command to provide technology updates and new concepts to detect and track submarines. This contract extension is valued at $24m.
KCA Deutag has won significant subsea drilling operation & maintenance contracts from core clients Total E&P UK, EnQuest & CNR International (CNRI). The company was awarded a contract with Total E&P UK to provide drilling operations and maintenance services on the Alwyn North and Dunbar platforms. Both contracts have already commenced and have a firm two year commitment with options for an extension of up to two years.
Maersk Drilling receives two-year term extension for newbuild jack-up rig 'XL Enhanced 2'. Det Norske Oljeselskap ASA (Det norske) has on behalf of the partners in the Ivar Aasen project, exercised its contractual right to extend the contract for the newbuild ultra harsh environment jack-up, XL Enhanced 2, by two years. Consequently, the duration of the firm contract is now five years. The estimated value of the two-year contract extension is approximately USD 280 million
Huntington Ingalls Industries informs that its Newport News Shipbuilding division has received a US$1.295 billion extension to a previously awarded construction preparation contract for the aircraft carrier 'John F. Kennedy' (CVN 79). The contract extension enables Newport News to complete an additional 343 structural units and purchase the majority of the remaining material for the ship, including items such as valves, controllers, pumps and raw materials
Seabulk International, Inc. announced the extension of time charters with Tesoro Maritime Company on two of its U.S.- flag double-hull tankers through July 2010. Operated by the Company's marine transportation subsidiary, Seabulk Tankers, the 46,000-ton Seabulk Arctic began her original Tesoro charter in the summer of 2000, followed by her sister ship, the Seabulk Pride, in the summer of 2001. The two state-of-the- art vessels provide petroleum transport service for three refineries owned
Transocean Inc. announced that BP America Production Company (BP) has awarded the company's Fifth-Generation Deepwater drillship, Discoverer Enterprise, a three-year contract extension which is expected to commence in December 2007, in direct continuation of the rig's current contract commitment, also with BP. The rig is expected to be utilized in the U.S. Gulf of Mexico, with revenues possible over the three-year contract period of approximately $569 million
SCRA announced a contract award totaling $1.7 million for the Shipbuilding Center of Excellence. The Center, known as the Center for Naval Shipbuilding Technology (CNST), is a Navy ManTech Center of Excellence, chartered by the Office of Naval Research (ONR) to develop advanced manufacturing technologies and deploy them in U.S. shipyards. CNST is managed and operated by SCRA affiliate ATI (Advance Technology International).
Transocean Ltd. today issued a monthly fleet update summary which includes newly signed contracts, significant changes to existing contracts, and changes in estimated planned out of service time of 15 days or longer for all rig classifications since the previously issued comprehensive fleet status report or fleet update summary. Significant highlights include the following: Deepwater Expedition - Awarded a two-year contract with an undisclosed customer commencing
The Canadian government has announced the award of two contracts totaling $1.1M to Northern Transportation Company Limited for Vessel Life Extension refit work to Canadian Coast Guard ships 'CCGS Dumit' and 'CCGS Eckaloo'. These two vessels, based in Hay River
Neste Oil extended its VSAT services with Marlink while upgrading its network and on board satellite hardware. As part of the contract extension, Marlink is installing new VSAT antennas on all eight Neste Oil vessels whilst migrating the fleet to the established iDirect platform.
Revenues up 10.5% vs. full year 2012 to €1.312 billion and up 6.0% vs. fourth quarter 2012 to €331.6 million impacted by U.S. Dollar depreciation against the Euro • Annual Revenues up 10.5% partly due to a 5
Financial Highlights in the fourth quarter of year 2013 were as follows: Sales were NOK 11.4 billion in the fourth quarter of 2013, up from NOK 11.2 in the fourth quarter of 2012. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 1
Petronas Carigali, the Exploration and Production subsidiary of Malaysia’s national oil company, has exercised its contractual right to extend the contract for the jack-up Maersk Convincer by one year. Consequently, the rig will be on contract with Petronas until mid-November 2014
The total value of new contracts since Transocean's June 13, 2013 fleet update summary is approximately $180 million. Estimated 2013 out-of-service time increased by a net 76 days primarily due to work to be performed on the Sedco 704. Forecasted out-of-service time for 2014 is also
Transocean's update summary includes new contracts, significant changes to existing contracts and changes in estimated planned out-of-service time of 15 or more days since July 17, 2013. The total value of new contracts since the July 17, 2013 fleet status report is approximately $2.5 billion
DryShips Inc., a global provider of marine transportation services for drybulk and petroleum cargos, through its majority owned subsidiary, Ocean Rig UDW Inc., an offshore deepwater drilling service company, made several company announcements. $1.35 billion bank facility
Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, has announced the following: $1.35 billion Bank Facility The Company announced that it has signed a supplemental agreement to amend certain provisions in its $1.35b Senior Secured Facility dated February 28, 2013
Aberdeen-based subsea installation contractor Bibby Offshore has secured a contract extension worth in excess of £100 million,with Talisman Sinopec Energy UK. A further three years with a one year extension option has been signed, making this the longest fixed term contract to be secured
Seadrill Limited subsidiary, Seadrill Partners, as part of a settlement agreement, has agreed to non-payment for 37 days hire of the semi-submersible rig 'West Acquarius'. The 37 days off hire were required for the ultra-deepwater harsh environment semi-submersible West Aquarius to complete
International provider of offshore contract drilling services for oil and gas wells, Transocean Ltd. has issued the report which provides the current status and contract information for the company's entire fleet of offshore drilling rigs. The total value of new contracts since the September 18
Workers have agreed to a 90-day extension on local contracts following talks between Local 333 of the International Longshoremen’s Association and the Steamship Trade Association of Baltimore Inc., reports Bloomberg, citing a statement by Richard Scher
Transocean inform that the total value of new contracts since the September 18, 2013 Fleet Update Summary is approximately US$2.0-billion. The company has been awarded a five-year drilling contract for a newbuild dynamically positioned ultra-deepwater drillship by Chevron U.S.A. Inc
Aker Solutions ASA secured a two-year option agreement extension valued at NOK 3 billion from Statoil ASA to provide maintenance and modifications work offshore Norway. The option is part of a 2010 framework agreement to provide maintenance and modifications work on the Statoil-operated