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Deepwater Program

GAO – USCG Deepwater Program

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


USCG Announces Deepwater Decision

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


Key Pieces of Coast Guard Legislation Passed

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


USCG Awards $144M Deepwater Contract

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


Coast Guard Meets with Lockheed, Northrop

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.


Deepwater Funding at $724m in FY05 Budget

“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


Bill to Reform Deepwater Acquisition Passes Committee

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.


Coast Guard Beefs up Deepwater Project Oversight

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.


Future of USCG Deepwater Clouded

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.


House Judiciary Committee Approves FY 2008 Coast Guard Bill

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


BP Puts Tab for Gulf Disaster at $62 Bln

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BP announced today that following significant progress in resolving outstanding claims arising from the 2010 Deepwater Horizon accident and oil spill, it can now reliably estimate all of its remaining material liabilities in connection with the incident.  


Lloyd's Register Extends Drilling Rig Integrity Support

Exploration begins by BHP Billiton using the Deepwater Invictus rig and supported by Lloyd’s Register’s rig integrity team. Lloyd’s Register (LR) announced it has extended rig integrity support for the Deepwater Invictus drilling rig


Six Years after BP Spill, US Sets New Offshore Oil Safety Rules

Gas from the damaged Deepwater Horizon wellhead is burned by the drillship Discoverer Enterprise in May 2010, in a process known as flaring. (U.S. Coast Guard photo by Patrick Kelley)

The Obama administration on Thursday unveiled new oil well control rules to prevent the kind of blowout that happened six years ago on a BP Plc rig in the Gulf of Mexico.   The Interior Department's Bureau of Safety and Environmental Enforcement announced the finalized regulations


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


Block Island Wind Crew Transfer Contract Awarded

Photo courtesy of Seacat Services

Agreement enables high-speed catamaran ferry company Rhode Island Fast Ferry to commission first US-built crew transfer vessel, to be built by Blount Boats, and launch Atlantic Wind Transfers, its commercial wind support services division.  


Chevron Sanctions Stampede Project

Project map

  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


BOEM to Modernize Financial Assurance and Risk Management

Walter Cruickshank, Ph.D., Acting Director

  The Bureau of Ocean Energy Management (BOEM) today issued an Advanced Notice of Proposed Rulemaking (ANPR) on Risk Management, Financial Assurance, and Loss Prevention to seek public input as it considers modernizing its risk management program and bonding regulations for offshore oil and


Private Equity Firms Double down on Venari's Offshore Drilling

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


Transocean Estimates 18-24 Months to Recovery

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


MOL's Top News Highlights 2013

Cracked containership MOL Comfort (Photo courtesy of PTI )

Mitsui O.S.K. Lines, Ltd. has announced the company’s top news stories for 2013 as follows: ■ Business Structural Reforms (BSR) executed (January – March); Single-year management plan “RISE 2013” started (April)


DryShips to Resume Market Common Share Offering

Image courtesy of DryShips

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


DryShips Suspends Market Equity Offering

Photo: DryShips

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


Oil Spill Conference Names Keynote Speaker

Eric J. McNulty: Photo courtesy of Harvard NPLI

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


Halliburton Guilty Plea in Deepwater Horizon Case

DOJ.jpg

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


Ocean Rig Updates on Financing, Newbuildings & Contracts

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






 
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