Rowan Companies exercises option to build a fourth GustoMSC P10,000 design ultra-deepwater drillship with Hyundai Heavy Industries Co., Ltd. The cost for this rig, including commissioning, project management and spares, but excluding capitalized interest, is estimated to be approximately $620 million, with delivery scheduled for March 2015. Rowan plans to equip its drillships with 2,000 feet of additional riser to enable operations in water depths up to 12,000 feet upon delivery. Each drillship will also be equipped with a second BOP for minimizing non-productive time. The company will also incur operational training and personnel ramp-up costs in readying the drillships to commence well operations. Expected costs for the additional riser, BOP and training and ramp-up costs will be approximately $75 million. Total cost for the Company's fourth drillship will be approximately six percent higher than the Company's first three drillships primarily due to equipment price increases and projected labor cost increases. The agreement with HHI also includes an option for a similar fifth drillship exercisable in the fourth quarter of 2012, for delivery in the third quarter of 2015. The Rowan Renaissance is expected to be delivered in late 2013. The second and third drillships are expected to be delivered in the second and fourth quarters of 2014, respectively.
DSME signed a contract with Atwood Oceanics, a U.S.-based ocean drilling company, for the construction of one drillship. This is the option of last year’s contract with a value of approximately $570 million and it will be delivered at the end of 2015. DSME and Atwood Oceanics also agreed in principle to an additional drillship contract. The newly ordered drillship is a DSME-12000 type drillship which was developed using DSME’s own technology
Rowan Companies, Inc. (NYSE: RDC) announced today that a subsidiary has entered into turnkey contracts for the construction of two ultra-deepwater drillships with a cost of approximately $605 million each. The drillships will be constructed by Hyundai Heavy Industries Co., Ltd. ("HHI") at its Ulsan shipyard, and are expected to be delivered in late 2013 and mid-2014. Matt Ralls, President and Chief Executive Officer, commented
Rolls-Royce awarded contracts worth over £70-million to supply large thrusters for offshore drilling vessels. These latest orders, which include options for additional thrusters, are from a variety of customers who are expanding their drillship fleets and are driven by greater demand in oil and gas exploration in deep water and harsh conditions. These high specification drillships operate in dynamic positioning (DP) mode
DryShips Inc. (NASDAQ:DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling services, announced today that it has closed the acquisition of the remaining 25% of the total issued and outstanding capital stock of Primelead Shareholders Inc. Primelead is now a wholly-owned subsidiary of the company. Primelead’s principal assets include two owned and operational ultra deepwater semisubmersible drilling rigs
Pride International recently dedicated its ABS-classed deepwater drillship Deep Ocean Clarion at Samsung Heavy Industries Shipyard in Geoje, South Korea. This is the second of four new drillships for the deepwater drilling contractor. Its sister ship, the ABS-classed Deep Ocean Ascension was delivered in February 2010 and has been deployed to the Gulf of Mexico. The 96,000 dwt Deep Ocean Clarion is capable of dual drilling activity and can drill in water depths of up to 12,000 feet
Diamond Offshore announce fourth ultra-deepwater drillship order placed with Hyundai Heavy Industries Diamond Offshore Drilling, Inc. announce that a subsidiary, Diamond Offshore Drilling Limited, has entered into a turnkey contract with Hyundai Heavy Industries Co., Ltd. for construction of a new ultra-deepwater drillship with delivery scheduled in the fourth quarter of 2014. Total cost, including commissioning, spares and project management
Maersk Drilling informs it has taken delivery of its first ultra deepwater drillship, 'Maersk Viking', from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea. The new vessel has started its voyage to the US Gulf of Mexico where it will commence a three year contract with ExxonMobil. The owners explain that Maersk Viking is the first in a series of four ultra deepwater drillships to enter Maersk Drilling’s fleet. The four drillships represent a total investment of USD 2
Ocean Rig UDW Inc. has chosen Kongsberg Maritime to supply an extensive offshore and navigation simulator package for a brand new training center. With a sophisticated integrated simulator suite, enabling specific operations and vessel team training, Ocean Rig’s new facility, is shaping up to become one of the world’s most advanced offshore training centers, Kongsberg Maritime said. Ocean Rig owns and operates two ultra-deepwater semisubmersible drilling rigs and nine
Hyundai Heavy Industries, the world’s biggest shipbuilder and a leading marine engine manufacturer, today announced it won orders to supply HiMSEN marine engines for drillships for major offshore drilling companies including Noble Drilling Holding LLC., Diamond Offshore Drilling Ltd. The 98 HiMSEN engines, worth USD 150 million, will be installed in 15 drillships including 9 Hyundai Heavy ordered this year from the first half of 2012.
Enseada Shipbuilding was established to build deepwater drillships for Petrobras. Seventy percent of the company is owned by a consortium composed of Brazilian companies, Odebrecht (50 percent), OAS (25 percent), UTC (25 percent), with the remaining 30 percent belonging to Japanese shipbuilding
Wärtsilä, the leading global supplier of flexible and efficient power plant solutions and services, has signed a maintenance agreement with Ensco, a global provider of offshore drilling services to the petroleum industry. The agreement, signed in September 2015
Seadrill Limited has reached an agreement with DSME shipyard to defer the delivery of two ultra-deepwater drillships, the West Aquila and West Libra, until the second quarter of 2018 and first quarter of 2019 respectively. Under the terms of the original construction contracts
A group of Japanese shipbuilders led by Mitsubishi Heavy Industries Ltd (MHI) plans to exit its 30 percent stake in Brazilian shipbuilder Ecovix and declare the investment as a loss, Valor Economico newspaper reported on Tuesday. The group led by MHI plans to sell its stake in Ecovix
Maersk Drilling has been awarded a contract for the drillship Maersk Venturer with oil major Total. The contract covers one exploration well (estimated duration 120 days) in block 14 offshore Uruguay. The estimated contract value for the programme is USD 44m excluding mobilisation
Rolls-Royce yesterday opened a new, custom built, 2,100-square-meter service facility at the Astican Shipyard in Las Palmas, on Gran Canaria in the Canary Islands. The center is a partnership between Rolls-Royce and the shipyard. Las Palmas’ position in the Atlantic allows
Wondering What to Trim? Look to the skies: billions in offshore savings may be orchestrated from the back office. For many managers (and analysts), sales, general and administrative costs, or SG&A, are ordinary accounting lines on an offshore services company’s ledger
Transocean Ltd. announced today a mutual agreement with its customer, Shell EP Wells Equipment Wells Services B.V. (Shell), and the shipyard, Daewoo Shipbuilding & Marine Engineering Co. (DSME), to delay the operating and delivery contracts of two newbuild ultra-deepwater drillships -
Brazil’s Parliamentary Commission of Inquiry (CPI) has recommended the deepening of investigations into 10 companies - including Keppel, SembCorp Marine and Kawasaki Heavy- involved in the alleged bribery transactions with Petrobras and Sete Brasil.
The Bureau of Safety and Environmental Enforcement (BSEE) is responding to a report of a fatality on a drillship in the Gulf of Mexico (GoM) approximately 200 miles south of Lake Charles, LA, in 4,800 feet of water. The Pacific Santa Ana drillship was beginning drilling operations for
Intellian, a global leader in satellite communication antenna systems, has been successfully selected as the hardware partner on RigNet’s recently announced contract to provide remote communications solutions to a premium offshore driller across its entire global fleet of existing
Offshore rig driller Seadrill is facing another two years in the doldrums but hopes the international rig market could turn around in 2017. Rig rates have more than halved since the peak two to three years ago and in several cases are now below breakeven costs.
Press Release - Caterpillar Oil & Gas has announced the introduction of Asset Financial Solutions, a financial product that provides 100 percent financing new offshore or marine assets. The new solution enables Caterpillar to offer customers a tailored solution to optimize their business and
ALMACO Group informs it has been awarded the design, material supply and supervision contract from Kawasaki Heavy Industries, Ltd. (KHI) in Japan for the first (DRU#1 - Ondina) and second (DRU#2 - Pituba) drillships for the Enseada Industria Naval project
Brazilian prosecutors plan to file criminal charges stemming from the lease of an Ensco Plc offshore oil-drilling ship to Brazil's state-run oil company Petrobras "in due course," they said. The plan to prosecute over the Ensco-Petrobras charter was mentioned in a Thursday