Contract Extension

$1.3M Contract Extension for AMSC

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 Rig Deepwater Horizon Extension

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

Seabulk,Tesoro Extend Tanker Deal

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 Gets Extension for Drillship

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

Lockheed Martin $24M Anti Sub Systems Contract

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.

SCRA-Led Shipbuilding Program Awarded $1.7m

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).

Year-round Response Tug for Neah Bay

A state-funded emergency response tug will be stationed at Neah Bay, ready to prevent oil spills 365 days a year under a contract extension agreement signed today between the Department of Ecology (Ecology) and Crowley Maritime Corporation (Crowley).The extension agreement marks the first time that a response tug will be stationed at Neah Bay for a full year of service. During the 2008 legislative session, Gov. Chris Gregoire and lawmakers provided $3.7m for emergency response tug service

Crowley Emergency Response … Year Round

Crowley emergency response tug began its first day of year-round service today in Neah Bay, Wash.  The emergency response tug will provide assistance to disabled ships and protect the coastline in an unprecedented tour in Washington - providing 365 continuous days of service in an effort to help prevent oil spills in the Strait of Juan de Fuca and along Washington's pristine coastlines. The contract extension agreement between the Washington Department of Ecology and Crowley Maritime

Transocean Provides Fleet Update Summary

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

Cosalt Offshore Secures CNR Contract

Cosalt Offshore has been awarded a contract with CNR International (UK) Limited. (CNR). The contract, which is for three years,comes with a two one year options and will see Cosalt Offshore provide CNR with lifting and mechanical handling support services on five  platforms – Tiffany, Ninian North, Central and South and Murchison. Cosalt Offshore is the incumbent provider of these services to CNR, but the new contract was won as the result of a competitive tender process