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
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
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 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).
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 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 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 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
North Star Shipping, a division of the family-owned global shipping and energy services firm The Craig Group, entered a £63million contract with BP. The multi-service contract is for five years with a possible extension of five years and includes tanker assist
Island Offshore has been awarded a major contract extension with BP Exploration Operating Company Ltd. The two-year contract extension, covering 2014 and 2015, has been awarded to Island Offshore and the North Sea RLWI Alliance, which operates three monohull vessels specially designed for well
EMAS AMC, the subsea services division of EMAS, a global offshore contractor and provider of integrated offshore solutions to the oil and gas industry and the operating brand of Ezra Holdings Limited, announced today that it has been awarded a subsea engineering
New contracts, significant changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since April 18, 2013 are included. Highlights are as follows: Deepwater Millennium - Awarded a two-year contract for work offshore Australia at a dayrate of
DOF Subsea AS secures contracts in Asia, Atlantic and Gulf of Mexico regions with total value of about US$50-million. In the Asia Pacific Region DOF Subsea have secured several new contracts and extension of existing contracts with a total contract value of about US$ 20-million
Statoil has exercised a two-year contract option with Aker Solutions for provision of mechanical wireline services on Statoil operated fields and mobile drilling units on the Norwegian continental shelf. The initial three-year contract period started in 2009
Overseas Shipholding Group, Inc. starts Chapter 11 process to reduce debt & other financial obligations to create more solid financial foundation. The Chapter 11 petition for itself and certain operating subsidiaries was filed in the U.S. Bankruptcy Court for the District of Delaware.
Dockwise Ltd. has 6 new contracts, letters of intent and contract extensions with a total value of almost US$ 60 million. Dockwise, headquartered in Breda, the Netherlands, is a leading marine contractor providing total transport services to the offshore
An Atwood Oceanics, Inc. subsidiary awarded year's contract extension by Salamander Energy for the jackup 'Atwood Mako'. The extension is priced at a day rate of $155,000 and begins September 9, 2013. The Atwood Mako commenced its initial twelve month drilling services contract with
The Federal Mediation and Conciliation Service (US) calls meeting & parties in conflict over East Coast ports new contract agree to attend. Statement by FMCS Director George H. Cohen on East Coast Ports Labor Negotiations: “FMCS Director George Cohen has called a meeting of the ILA
Statement by FMCS Director George H. Cohen on East Coast Ports Labor Negotiations. The following is being released by Federal Mediation and Conciliation Service: "FMCS Director George Cohen has called a meeting of the ILA and the Maritime Alliance in advance of the December 29th
Seadrill - North Atlantic Drilling Ltd. announces extension of Statoil contract for the harsh environment jack-up rig 'West Epsilon'. North Atlantic Drilling Ltd., a majority owned subsidiary of Seadrill Limited, announce that Statoil has exercised its option to extend the contract for the
Statoil Petroleum grants Eidesvik Offshore ASA a 2-year extension charter for the LNG fuelled Platform Supply Vessel (PSV) 'Viking Energy'. The Viking Energy was the first LNG fueled PSV in the world when it was delivered in 2003, and has been on contract for Statoil since delivery
Transocean's current status & contract information for the company's entire fleet of offshore drilling rigs. The value of new contracts or extensions since the December 17, 2012 fleet update summary is approximately $235 million. Estimated 2012 out of service time decreased by a net 15
Huntington Ingalls Industries' Newport News Shipbuilding Division receives a $407 million contract extension to a previously awarded John F. Kennedy (CVN 79) contract. The award of the contract extends the period of performance, adds additional efforts for engineering