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Contract Offshore

Hallin Awarded $8M West Africa Project

Photo courtesy Foster Marketing Communications

Integrated subsea contractor Hallin Marine is mobilizing its vessel, Ullswater, after winning a saturation diving contract offshore Angola. The DP2 Ullswater, equipped with saturation and air diving systems, a Hallin C-ROV and all personnel, will repair a 16-inch pipeline and carry out inspections on various platforms. Operatec, an Angolan company, and Superior Energy Services have been performing diving services under a long term maintenance contract since mid 2009.  The Ullswater saturation diving project is an extension of this ongoing maintenance contract. The contract, with a combined value of nearly $8m, in water depths of up to 110 meters, will start almost immediately and is expected to last for up to two months.

Offshore Service Provider's 'Excellent' 2012 Profits

UK's James Fisher & Sons plc announces its results for the year ended 31 December 2012. Highlights: ·      Revenue increased by 18%, underlying operating profit by 14% and underlying earnings per share 15% ·      Strong performance resulting from the Group's strategy to focus on high growth niche marine services markets ·      Specialist Technical benefitted from the BP Angola contract

Gulf Of Mexico Rig Count Declines

The U.S. Gulf of Mexico rig count declined for the first time in four weeks, according to Offshore Data Services' weekly mobile offshore rig count. This week, 149 of the 191 rigs deployed in the U.S. Gulf of Mexico are under contract, two less than were under contract last week. U.S. Gulf offshore rig utilization now stands at 78.0 percent. The European offshore rig count declined by one rig, the result of a contracted rig moving out of the area

Rig Counts Fall Since Last Week

The U.S. Gulf of Mexico offshore rig count lost some of the ground it had made up in the last few weeks, according to Offshore Data Services' weekly mobile offshore rig count. The U.S. Gulf offshore rig count fell by two rigs on a week-to-week basis. The decline ends a five-week rally of higher utilization rates in the region. This week, 133 of 188 mobile offshore drilling units in the U.S. Gulf are under contract. U.S. Gulf rig utilization is 70.7 percent.

AMEC Wins FPSO Contract Offshore Brazil

AMEC announced that it has been selected by Brazilian company QUIP to perform basic engineering services for the topsides of the P-63 floating production, storage and offloading (FPSO) vessel, to be operated on behalf of Petrobras, Brazil’s national oil company. The contract, the value of which has not been announced, begins immediately and will run until mid-2010. The P63 FPSO will develop the Papa Terra heavy oil field in the Campos Basin, offshore Brazil

Claxton Wins its Biggest Riser Contract Offshore Norway

Claxton drilling riser being run offshore Norway

Claxton, an Acteon company, has been awarded a multiyear contract with Det norske oljeselskap ASA of Norway: the largest single riser contract in Claxton’s history. Running from January 2014 until June 2020 (with optional periods of 1+1 year), the contract includes high- and low-pressure risers, auxiliary equipment and services offshore Norway. The scope of work includes the procurement of high and low-pressure surface risers for the lvar Aasen field development; the rental of a

Gulf Of Mexico Rig Count Increases

The U.S. Gulf of Mexico offshore rig count continues to rebound, according to Offshore Data Services' weekly mobile offshore rig count. This week, 149 of the 191 mobile offshore drilling rigs in the U.S. Gulf are under contract, a four-rig increase over last week's week count and a seven-rig increase on a month-to-month basis. U.S. Gulf rig fleet utilization this week is 78.0 percent. The European offshore rig count continues to decline

Worldwide/U.S. Gulf Rig Counts Rise

The U.S. Gulf of Mexico and worldwide offshore rig counts increased since last week, while the European offshore rig count was unchanged, according to Offshore Data Services' weekly mobile offshore rig count. The worldwide offshore rig count increased by five compared to last week. This week, 471 of world's 631 mobile offshore drilling units are under contract. Worldwide offshore rig utilization is 74.6 percent. The U.S

Ezra Holdings Wins $262.7m Charter Contract

Ezra Holdings was awarded a 4-year contract from an oil major to charter its Floating Production, Storage and Offloading, or FPSO facility. The charter contract comes with an extension option of up to 3 years which, when exercised. Ezra is an integrated offshore support and marine services provider listed on the Singapore Exchange. Ezra's oil tanker M.T. Kitty Knutsen will be converted into the FPSO at a yard in Dubai.

Teekay Offshore Signs Brazil Shuttle Tanker Contract

Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) TOO -0.92% , announced today that it has entered into a new long-term contract with a subsidiary of BG Group plc (BG) to provide shuttle tanker services in Brazil.   The contract with BG will be serviced by four Suezmax-size DP2 shuttle tanker newbuildings to be constructed by Samsung Heavy Industries in South Korea

BW Offshore Suspends Dividend

BW Offshore, a builder and operator of ships that can produce and store oil offshore, suspended its dividend until outlook for the oil sector improved, it said on Monday. The firm posted third-quarter earnings before interest, taxes and depreciation and amortisation of $174 million against

Grandweld Delivers Vessel to ADNOC

United Arab Emirates leading shipyard Grandweld has delivered a dive maintenance and support vessel TAWAM1 to Abu Dhabi National Oil Company (ADNOC).   Grandweld took the newbuild project from conception to completion, designing and building the 50-meter long vessel with a 65-ton bollard

Ship Conversion: Offshore Survey Vessel to Become a Flotel

The Seismic Survey Vessel will be rebuilt for use as a hotel vessel according to Wärtsilä Ship Design. Courtesy Wartsila

Dutch shipowner C-Bed has contracted Wärtsilä Ship Design to supply the design for rebuilding its Seismic Survey Vessel, the Viking II, for use as a hotel vessel to accommodate and transfer service personnel working on offshore wind farms.

BTӦ Orders Damen ASD Tug

Photo courtesy of Damen Shipyards

Sweden-based BogserTeam Ӧresund (BTӦ), part of MarCon gruppen, recently signed a contract with the Damen Shipyards Group for the delivery of a Damen ASD Tug 2810. MarCon gruppen is currently experiencing growth and is undertaking a program of renewal and expansion to its fleets.

NJ Offshore Wind Lease Sale Moves Ahead

Offshore Wind Photo TKPL

  As part of President Obama’s comprehensive Climate Action Plan to create American jobs, develop domestic clean energy resources and cut carbon pollution, the Interior Department’s Bureau of Ocean Energy Management (BOEM) yesterday held the nation’s fifth competitive lease

Fincantieri, Finmeccanica in Part Renewal of Italian Navy fleet

Photo by Finmeccanica

  As part of the renewal of the fleet of the Navy, The first tranche has been launched in recent months, OCCAR (Organisation de Cooperation Conjointe sur l'Armement, the international organization for cooperation armaments) has ordered an additional Multipurpose Offshore Patrol (PPA) to the

Peru to Cut O&G Royalties to Counter Price Slump

Peru is reducing royalties on oil and gas production to about 5 percent on average from the current 20 percent in order to encourage exploration amid slumping prices, the government said Wednesday.   The smaller take should help Peru boost interest in new oil contracts that will come up for

SBM Offshore Hit By Slowing Industry Spending

File photo: SBM Offshore

SBM Offshore the world's top oil production ship leaser, said on Wednesday a fall in orders hit its third-quarter revenue as clients trimmed spending amid ongoing low oil prices.   The Amsterdam-based company, which generates roughly 60 percent of its business in Brazil

Port of Rotterdam Attracts Offshore Wind

Photo by The port of Rotterdam

 Up to now, the port of Rotterdam, the largest seaport in Europe, has played a negligible role in the construction of offshore wind farms in Europe. But that is about to change. On Maasvlakte 2, Sif Group and Verbrugge International are building a dedicated offshore terminal and a production

Saipem CEO Sees No Volkswagen Risk over Fleet Standards

The fleet Italian oil contractor Saipem uses to carry out its offshore construction and drilling business has been properly certified and there is no risk of any Volkswagen-like scandal, the CEO said on Tuesday.   Italy's anti-establishment 5-Star Movement, the country's second-biggest party

Seacat Services Invests In New Vessels

Offshore energy support vessel operator Seacat Services has placed an order for up to four new vessels with local boat builder South Boats IoW. The DNV-GL class-certified next generation 23- and 27-meter catamarans have been specifically designed to cater for the changing needs of European

Songa Dismisses DSME Claim

Image: Songa Offshore

 Norway's Songa Offshore SE referred Tuesday to its announcement July 15 regarding the receipt of notices of arbitration from South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) in respect of the construction contracts for the Cat D rigs.    

Ulstein’s X-BOW Turns 10

subsea vessel  Island Performer (Photo: Ulstein)

While new designs often grab headlines, mature designs that have enjoyed success are perhaps better indicators of true progress in marine technology. When the Ultstein X-Bow made its debut 10 years ago, some scoffed at the unusual design characteristics

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)

P&O Maritime Rebranded Repasa

Vessels from the Repasa fleet in action. Courtesy DP World

  P&O Maritime has announced the rebranding of its joint venture company Repasa, the Spanish operator of offshore support vessels for the energy industry.   P&O Repasa will become the official brand of the joint venture which has expanded its fleet in the offshore towage

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