The Government Accountability Office (GAO) issued a Report concerning the Coast Guard's Deepwater Program to improve its offshore vessels and aircraft and related assets. The report found significant improvement in program management, but recommends continued vigilance. GAO-06-546 Source: HK Law
The U.S. Coast Guard announced a 43-month award term extension of the performance-based contract for its Integrated Deepwater System (Deepwater) fleet modernization and recapitalization program. Integrated Coast Guard Systems (ICGS), a joint venture between Lockheed Martin and Northrop Grumman, received notification of the award today. The performance period of the award term will begin at completion of the base period in June 2007 and end in January 2011
U.S. Coast Guard Commandant Adm. Thad Allen met last week with chief executive officers from Lockheed Martin Corp. (LMT) and Northrop Grumman Corp. (NOC) to discuss his agency's $24b modernization program, which has struggled with rising costs and technical difficulties. Lockheed Martin CEO Robert Stevens and Northrop Grumman CEO Ron Sugar met with Allen to talk about the Deepwater program's new management plan, the Coast Guard said.
U.S. Congressman Elijah E. Cummings (D-MD), Chairman of the Subcommittee on Coast Guard and Maritime Transportation, today (June 26, 2007) convened the Subcommittee to mark up the Integrated Deepwater Program Reform Act, H.R. 2722 and the Coast Guard Authorization Act of 2007, H.R. 2830, which would reauthorize the Coast Guard. Both bills were adopted by voice vote. Congressman Cummings said, "The Integrated Deepwater Program Reform Act, H.R
The U.S. Coast Guard awarded a contract totaling $144 million to Integrated Coast Guard Systems for production and deployment of the Coast Guard’s second Maritime Security Cutter Large. The WMSL is the largest of three new cutter classes -- and the first under construction -- within the Coast Guard’s Integrated Deepwater System acquisition program. The Deepwater program will improve the Coast Guard’s counter terrorism, maritime homeland security and overall mission performance capabilities
“Amid extraordinary challenges, our determination, our courage, and our common purpose remain steadfast.” The new appropriations bill provides $6.3 billion for the Coast Guard for FY 2005, an 8.6 percent ($500 million) increase over 2004, and a 66 percent ($2.5 billion) increase over 2001 levels. As part of funding for Coast Guard programs, the appropriations bill includes $724 million for the Deepwater multi year acquisition to modernize and recapitalize the Coast Guard’s inventory of
In the wake of Coast Guard Commandant’s Thad Allen’s report to Congress regarding the Coast Guard and the 2008 budget, question linger as to the progress and future direction of the Integrated Deepwater System (IDS), the Guard’s far-reaching but recently embattled plan to replace or modernize major Coast Guard cutters, offshore patrol boats, fixed-wing aircraft, multi-missioned helicopters and the communications equipment, sensors, and logistics systems.
U.S. Coast Guard will beef up oversight of a $24 billion modernization project run by a Lockheed Martin Corp. and Northrop Grumman Corp. joint venture, amid mounting delays, soaring costs and design flaws, sources familiar with the move said on Monday. The venture, Integrated Coast Guard Systems (ICGS), will continue work on the program to overhaul Coast Guard ships, helicopters, airplanes and communications, known as Deepwater.
The House Committee on Transportation and Infrastructure passed the Deepwater Integrated Program Reform Act, H.R. 2722, authored by Congressman Elijah E. Cummings (D-MD), Chairman of the Subcommittee on Coast Guard and Maritime Transportation. The Committee also passed the Coast Guard Authorization Act of 2007, H.R. 2830, authored by the Chairman of the full Transportation Committee, James Oberstar (D-MN) and by Congressman Cummings. Both bills passed on voice votes.
The House Judiciary Committee approved the Fiscal Year 2008 authorization bill for the U.S. Coast Guard. The legislation has already cleared the House Homeland Security Committee and the House Transportation and Infrastructure Committee. Prior to final approval, the Judiciary Committee added language strengthening the Coast Guard’s ability to combat maritime smugglers of illegal immigrants and would rachet up security at ports and liquefied natural gas facilities
Greece's NASDAQ-listed DryShips Inc. says it intends to resume sales under its previously announced $200 million program of 'at the market issuances' of its common shares through Evercore Group L.L.C. as its sales agent. To date, the Company has issued 6,892
Reuters - Transocean Ltd, owner of the world's largest offshore drilling fleet, said it could take up to 18-24 months for demand to recover as customers delay drilling programs. Demand for offshore rigs is tapering as major oil companies trim exploration and production budgets in the face of
Gulf of Mexico deepwater oil explorer Venari Resources LLC said on Wednesday it had raised $1.3 billion from original backers Warburg Pincus LLC, Kelso & Co, the Jordan Company and Temasek Holdings, as well as new investors. GIC, Singapore's sovereign wealth fund
Chevron Corporation announced today that its subsidiary, Union Oil Company of California (Union), has reached a final investment decision to proceed with the development of the Hess Corporation-operated Stampede project in the deepwater U.S. Gulf of Mexico
MWCC to Deploy Capping Stack for Exercise in the Gulf. As part of the Obama administration’s ongoing efforts to strengthen the oil and gas industry’s ability to respond in the event of a deepwater blowout and ensure that offshore oil and gas production can continue to
The Research Partnership to Secure Energy for America (RPSEA) selects Norway's Remora for negotiations leading to funding awards The Statement of Work (SOW) covers a 1 year study involving US operators and execution of Industry related work shops addressing various HiLoad DP offloading scenarios
Hornbeck Offshore expands OSV new-build program, anounces retrofits & other related developments. The Company has exercised the first four of its 48 options to build additional HOSMAX vessels at an aggregate incremental cost of approximately $180 million
Ocean Rig UDW Inc. has received a Letter of Intent to contract one of its semi-submersible drilling rigs, “Eirik Raude”, from an oil major. The Letter of Intent is for a one-well program, with an estimated duration of up to 6 months, for drilling offshore Ireland
RPSEA Releases Ultra-Deepwater Program RFP to fund research & development projects to secure energy for America. The Research Partnership to Secure Energy for America (RPSEA) announces the release of the remaining 2011 Ultra-Deepwater Program request for proposals (RFP) to award $14
Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, signs contract with an oil major for the semi-submersible drilling rig 'Erik Raude'. The drilling contract is for a one-well program, with an estimated duration of up to 6 months, for drilling offshore Ireland
The Coast Guard’s Incident Specific Preparedness Review (ISPR) – January 2011 An explosion aboard the Mobile Offshore Drilling Unit Deepwater Horizon on April 20, 2010 set off a chain of events that led to its sinking and subsequent oil spill
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
Halliburton Pleads Guilty to Destruction of Evidence in Connection with Deepwater Horizon Disaster and Is Sentenced to Statutory Maximum Fine; Former Halliburton Manager Is Charged. Halliburton Energy Services Inc. (Halliburton) pleaded guilty today to destroying evidence pertaining to
Eric J. McNulty, Director, Research and Professional Programs, Harvard’s National Preparedness Leadership Initiative will deliver the Keynote Address at CLEAN GULF, the conference & exhibition focused on the latest trends and best practices in response operations oil spill prevention
DryShips Inc., a global provider of marine transportation services for drybulk and petroleum cargoes and through its majority owned subsidiary, Ocean Rig UDW Inc., of offshore deepwater drilling services, announced that it has suspended purchases under its previously announced program of at the