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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.


AKOFS Offshore Gets Contract Extension from Petrobras

Skandi Santos

AKOFS Offshore, a part of Akastor ASA, has been notified of a five-year contract extension from Petrobras to use the Skandi Santos, a Subsea Equipment Support Vessel in Brazil. The extension, worth about NOK 2.5 billion, will start March 1, 2015 in direct continuation of current contract. The vessel is currently operating under a five-year contract with Petrobras that began March 1, 2010. The Skandi Santos is designed to install and retrieve subsea trees and modules


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


North Sea, UK Sector, Contracts for KCS Deutag

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.


Mærsk Deliverer's Contract extended

Maersk Deliverer

Cabinda Gulf Oil Company Limited, a Chevron subsidiary in Angola, has extended the current contract for the ultra deepwater semi-submersible Mærsk Deliverer expiring in June 2015 by two years. Mærsk Deliverer has since 2012 been working for Chevron and its partners on the Tombua Landana field offshore Angola. With the contract extension the rig will be on contract until June 2017. The estimated revenue potential from the two-year contract extension is USD 387m plus compensation


Eidesvik Awarded Contract Extensions

Viking Athene (Photo: Eidesvik)

Norwegian based offshore shipping company Eidesvik Offshore announced it has been awarded contract extensions for the supply vessels Viking Lady and Viking Athene from Total E&P on the Solaris well. The contract is in direct continuation with the current contract.   Estimated duration is 45 days for the 2006-built Viking Athene and 150 days for the 2009-built LNG-powered Viking Lady, Eidesvik said.


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.


ENI Extends Contract with Ocean Rig

Photo: Ocean Rig

Several of Ocean Rig UDW Inc. subsidiaries have entered into an omnibus agreement with ENI Angola S.p.A pursuant to which ENI has exercised its option to extend the contract for the drillship Ocean Rig Poseidon for a further one year until the second quarter of 2017.   As part of the contract extension for the Ocean Rig Poseidon, Ocean Rig has agreed to adjust the existing dayrate of the Ocean Rig Poseidon contract in exchange for ENI agreeing to enter into two contracts for the


Taqa Extends Wood Group Contract

Image: Wood Group PSN

 Wood Group has secured a two-year contract extension with TAQA in the North Sea.   Wood Group PSN, will continue to provide engineering, construction and maintenance services to five offshore assets - Cormorant Alpha, North Cormorant, Eider, Tern and Harding – extending an agreement in place since 2008.   The value of the deal extension has not been disclosed.   The two-year contract, effective immediately, also includes options for three, one year extensions.


Petrofac Wins $100 Million North Sea Deal

Image: Petrofac

 Petrofac is set to build on its provision of reimbursable services for Total E&P UK following the award of an enhanced three-year contract extension on the Alwyn and Dunbar platforms in the Northern North Sea.   The contract, worth in the region of $100 million, comes with two one-year options and has been reconfigured, with Petrofac providing an enhanced range of offshore services.   This award builds on a relationship with Total which began in 2005 to support the


Pemex Extends Fugro Campaign

Fugro Synergy (Photo: Fugro)

Mexican national oil company, Pemex, has awarded a further extension to Fugro’s contract to support its exploration drilling activities in the Bay of Campeche.   The contract extension is valued at approximately $20 million and the workscope includes geophysical and geotechnical field


Alaska Oil Spill Protection: Crowley Bid for Alyeska Deal Unsuccessful

Photo courtesy of Crowley Marine Services

Press Release: Crowley Marine Services will not be providing oil spill prevention and response services in Valdez and Prince William Sound when its contract expires June 30, 2018.  Crowley has provided marine services in Prince William Sound since 1990.


ExxonMobil Terminates Seadrill Contract

Photo: Seadrill Partners LLC

 Exxon Mobil terminates earlier the West Capella working in Nigeria in the Usan Field. John Fredriksen-backed drilling firm Seadrill Partners LLC has received a notice of termination from Exxon Mobil.    In accordance with the cancellation for convenience provisions in the West


Siem Renews Contract for Seven Reefers

Photo: Siem Shipping Inc

 Norwegian liner Siem Shipping Inc. has won a one-year contract renewal for a regular weekly service from Ecuador to St. Petersburg, Russia. The contract extension for the service covers seven reefer vessels.   The service, which employs seven vessel


Transocean's Fleet Update Summary

Discoverer Seven Seas

 Transocean Ltd. issued a monthly Fleet Update Summary which includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since October 15, 2014.  The total value of new contracts since the October 15


Ingalls Shipbuilding Union Inks Contract Extension

Ingalls employees leave the company gym on Singing River Island after placing their votes on a union contract extension

Huntington Ingalls Industries announced today that the Pascagoula Metal Trades Council (PMTC) and local chapters of the International Brotherhood of Electrical Workers (IBEW), United Federation of Special Police and Security Officers (UFSPSO) and Office and Professional Employees International


Aker Solutions Wins Mariner Development Deal

The work will be managed by Aker Solutions UK MMO unit through an integrated construction and completions (ICC) organization with Daewoo and Statoil.

  Aker Solutions secured a contract from Daewoo Shipbuilding and Marine Engineering to provide engineering, construction and commissioning services for the hook-up phase of the Mariner oilfield development in the UK North Sea. The agreement is worth more than GBP 120 million


Aker Solutions Wins North Sea Contracts

Norwegian oil services firm Aker Solutions won two offshore contracts, including a 120 million pound ($188.82 million) deal to provide engineering, construction and commissioning services on Statoil's Mariner development in the UK, it said on Monday.


BW Offshore Lands FPSO Contract Extension

BW Offshore has received a one year contract extension for the lease and operation of the FPSO Umuroa operating on the Umuroa field offshore New Zealand for AWE.   Under the extended contract, the firm period has been extended from Q4 2015 to Q4 2016


Transocean Issues Monthly Fleet Update Summary

  Transocean Ltd today issued a monthly Fleet Update Summary, which includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since the February 17, 2015 Fleet Update Summary


TGS Signs Vessel Charter Deal with Polarcus for 2016

Polarcus Adira. Photo by Polarcus DMCC

 TGS-NOPEC Geophysical Company ASA (TGS) signs letter of intent (LoI) for charter of an estimated six months of 3d vessel capacity from Oslo-listed seismic vessel operator Polarcus.   TGS intends to charter a vessel from Polarcus in 2016 to acquire a number of individual projects in


North Atlantic Extends Rig Contract with Total

West Phoenix Rig. Photo by North Atlantic Drilling Ltd

 North Atlantic Drilling has been awarded a contract extension for the semi-submersible rig West Phoenix by Total E&P UK Limited.    The contract will commence mid-March 2016 and secure work for the unit through the end of August 2016


5-Yrs Extension for Rig Heydar Aliyev

Maersk Drilling has won a contract extension for one of its offshore drilling rigs.

  Maersk Drilling has been awarded a 5-year contract extension for the semi-submersible Heydar Aliyev rig with BP Exploration (Shah Deniz) Limited acting as Operator of  the Shah Deniz field . The rig will continue working on the development of the Shah Deniz field in the Caspian Sea


Monadelphous Bags Shell FLNG Contract

Image: The Ichthys LNG Project, one of the world’s largest LNG developments. Photo by Monadelphous Group

 The engineering group Monadelphous has won a $200 million Shell Australia contract on its Prelude floating LNG project off the Kimberley coast.    The contract is for major, long-term maintenance and modifications services for the Prelude Floating Liquefied Natural Gas (FLNG)


DHT Holdings Extends VLCC Time Charters

DHT Holdings, Inc. has extended time-charters for three of its VLCCs to oil majors, the company announced.   The vessels, Samco Europe, Samco Taiga and Samco Redwood, have been extended for one, two and two years respectively, at respective daily rates of $53,200, $45,000 and $47,300.






 
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