Marine link
 

Rig Construction

Construction of Mermaid Ausana Begins

Key executives from Mermaid and China Merchants at the steel cutting ceremony.

Mermaid Maritime Public Company announced that it has marked the start of its new vessel / rig construction by participating in a steel cutting ceremony for its performance class tender rig ‘MTR-3’ and DP2 multipurpose subsea dive support and construction vessel ‘Mermaid Ausana’. The ceremony took place at the shipyards of China Merchants Heavy Industry in China in Nantong and Shenzhen, respectively. The ‘MTR-4’, which will be identical to the ‘MTR-3’, is scheduled to have its steel cutting ceremony two months later. The ‘MTR-3’ and ‘MTR-4’ will be state-of-the-art performance class tender assist drilling rigs incorporating the latest modern design features, and will be the most advanced tender rigs in the market when they are delivered in 2016. The rigs will each be equipped with a modern drilling package supplied by leading drilling equipment specialist National Oilwell Varco and will feature a larger deck space, bigger cranes, faster rig moves, larger and more living quarter capacity, larger tank storage and offline activity systems. In addition, both rigs will be able to operate in water depths of up to 243 meters with conventional mooring and 914 meters with pre-laid mooring, and have a drilling depth rating of 7620 meters and 1accommodation for 200 personnel, making both rigs an appealing option and solution for potential clients looking for a complete production drilling program.


GOM Softness Drives GLM Score Down

Global Marine reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for August 2001 decreased by 3.2 percent from the previous month's SCORE. Global Marine Chairman, President and CEO Bob Rose said, "We, like the rest of the nation, are outraged by the recent terrorist acts inflicted on our country, and want to acknowledge the tireless efforts of the rescue workers as well as those who are restoring order


GLM's Industry SCORE Continues to Improve

Global Marine’s worldwide SCORE, or Summary of Current Offshore Rig Economics, for September 2000 increased 1.8 percent over the previous month. Global Marine Chairman, President and CEO Bob Rose said, “September marks the 13th consecutive month of improvement in the worldwide SCORE and the 15th consecutive month of improvement in the Gulf of Mexico SCORE. With worldwide offshore drilling rig utilization at 80 percent, commodity prices strong


MIS Reports 26% Revenue Growth in 2008

MIS Co. Ltd. Inc. (OSE: MIS) reported record fourth quarter and fiscal year revenues of $125.1m and $387.5m, respectively and closes 2008 with a net profit of $8m and a record quarterly net profit of US$8m in Q4. This strong revenue increase and highest ever quarterly net profit is primarily driven by closing increasing volumes of contracts for the New Build Rigs value stream while maintaining MIS' market share in its traditional works value streams: Rig Refurbishment, EPC and Site Projects


Alion’s MOTISS – IBA: the Science of Survivability

Rig Hits 1.jpg

An Improved Risk and Safety Assessment Process for the offshore oil & gas industry – and just in time. Alion’s Measure of Total Integrated System Survivability (MOTISS) has been around a long time. Having previously earned its stripes primarily for naval applications, Alion began to market the service to the offshore oil & gas industry in the messy wake of the Macondo disaster. That event brought to the forefront, more than ever


Lamprell Issues Pre-close Trading Update

Photo courtesy of Lamprell

Lamprell published a trading update ahead of its results for the year ending December 31, 2014, stating it has delivered a robust operational and financial performance in 2014 as a result of strong project execution, favorable phasing of rig construction cycles and some one-off elements.   The group reports it has seen a strong rate of conversion of its bid pipeline with six new build jackup rig orders won and several smaller awards signed recently


Keppel Deliver KFELS B Class Jackup

Keppel FELS Limited (Keppel FELS) will deliver a jackup to a wholly-owned subsidiary of SeaDrill Management (SeaDrill) on time and within budget. This is the third KFELS B Class rig that Keppel has completed within the first four months of 2006. During the christening ceremony of the jackup on April 21, 2006, Mr Choo Chiau Beng, Chairman & CEO of Keppel Offshore & Marine Limited (Keppel O&M), shared with the 300-strong guests


Keppel Fels, Ensco Team On $130M Rig

Keppel FELS Limited, the offshore arm of Keppel FELS Energy & Infrastructure Ltd., and ENSCO International Inc. have entered in an alliance agreement to build, own and operate an enhanced KFELS MOD V jack-up rig, with an estimated value of US$130 million. Under the terms of the agreement, Keppel FELS and ENSCO will own and fund 75% and 25% of the rig, ENSCO 102, respectively. Keppel FELS is responsible for the engineering and building of the rig


Axis Bank Cancels Great Offshore Oil Rig Funding

In Bangalore, offshore oilfield services firm Great Offshore Ltd has run into fresh trouble after Axis Bank Ltd walked out of a deal to lend Rs350 crore to the Mumbai-based firm for funding the purchase of an oil drilling rig, currently under construction at Bharati Shipyard Ltd. Axis Bank wanted the money back after ONGC cancelled the rig contract and also due to delay in completing the construction of the rig. (Source: livemint


Keppel FELS Delivers First Rig of 2010

Keppel FELS Limited (Keppel FELS) has delivered Ensco 8502, the third of seven Ensco 8500 Series semisubmersible (semi) drilling rigs it has been contracted to build exclusively for Ensco International (NYSE:ESV). Delivered seven days ahead of schedule, Ensco 8502 is on track to commence operations in the U.S. Gulf of Mexico in the second quarter of 2010, under a two-year contract with Nexen Petroleum U.S.A. Inc. with term extension options.


Hook-Up Operations Added to QINSy

Image: QPS

Software design company Quality Positioning Services BV (QPS) has upgraded its hydrographic data acquisition, navigation and processing software package QINSy (Quality Integrated Navigation System). The latest version, 8.10.2015.06.29.1


Sembcorp Marine Posts 17% Fall in Q2

Image: SembCorp Marine

 Low oil prices and muted sentiment in the industry continued to take a toll on Sembcorp Marine's second-quarter earnings.   The rigbuilder has announced that net profit for the three months ended June 30 sank 17 per cent to to $79.58 million (SGD 109 million), compared to $96


DryShips Reaches Agreement with Ocean Rig

DryShips.jpg

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc., of off-shore contract drilling oil services, announced the following: It has reached an agreement with Ocean Rig UDW Inc


U.S. Drillers Add Rigs Despite Crude Collapse

U.S. energy firms added 5 oil rigs this week after putting 21 rigs into service last week, the most in over a year, despite a collapse in U.S. crude prices from recent highs in June, data showed on Friday. That was a sign some drillers followed through on plans to add rigs announced in May and


San Leon Signs Moroccan Rig Deal

Deal signed for Rig for its El Aaiun-4 well on the Tarfaya licence

  San Leon Energy signed a rig contract for the drilling of the El Aaiun-4 well on the Tarfaya conventional licence, onshore Morocco. The rig contract has been signed with Entrepose Drilling for the Cabot 750 rig. The well is expected to spud in the second half of August 2015


Viking O&M Secures Rig Contract from a Chinese Firm

Picture of the 1,500-bhp train-type land drilling rig. Credit: Viking Offshore and Marine Limited

 Viking Offshore & Marine has secured a 48-month charter for a second land drilling rig system for US$31 million ($41.8 million).   Viking’s subsidiary Viking LR2 will charter the 1,500-bhp train-type land rig and related drilling equipment system to a Chinese land rig


DNV-GL Approves Kongsberg Engine Room Simulators

Photo courtesy of Kongsberg Maritime

Kongsberg Maritime has received DNV-GL certification for three of its latest engine room simulator models designed to provide in-depth training on the K-Sim Engine simulator platform. The DNV GL-ST-033:2014-08 Maritime Simulator Systems certification


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


Keppel Secures $85 mln Liftboat Order

Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract from Crystal Heights Holdings Limited, a company specializing in the offshore oil and gas market, to build a high specification liftboat worth $85 million.


Decommissioning of Maersk Endurer

Maersk Endurer

  Maersk Drilling has decided to decommission the rig Maersk Endurer from the fleet and recycle the rig with Zhoushan Changhong International Ship Recycling in China. “Given the current market situation and the over-supply of drilling rigs in the offshore market


Marine Construction: Equipment Drives Efficiency

When the crew at O’Quinn Marine Construction put its new JCB telehandler to use, they were amazed at its ability to maneuver around small areas while easily lifting up to 14,000 lbs. (Photo: JCB North America)

Driving over a bridge, walking on a pier or even docking a boat are activities most people take for granted. Have you ever given any thought to how those structures are constructed over water with the ability to last for generations?  


'Kayaktivists' Take Shell Arctic Protest Nationwide

Noble Discoverer transits Puget Sound after its departure from the Port of Everett, Wash., June 30. Noble Discoverer was the last of three oil drilling and support vessels to depart western Washington for the Arctic this summer. (USCG photo by Amanda Norcross)

Environmental activists in the U.S. prepare to take their so-called “kayaktivism” nationwide as they urge lawmakers to revoke oil and gas exploration leases in the Chukchi Sea, says environmental group Friends of the Earth. The group’s “Shell No” day on July 18


ENSCO DS-9 Drillship Contract Update

ENSCO DS-9 Drillship

  ConocoPhillips today for its convenience provided a notice of termination for the three-year ENSCO DS-9 drillship contract. Under the terms of the contract, ConocoPhillips is obligated to pay Ensco termination fees monthly for two years equal to the operating day rate of approximately $550


Fugro Lands Geotechnical Investigation

Logo

  The planned 18 kilometre-long immersed tunnel will connect Denmark and Germany as part of the Scandinavian-Mediterranean corridor, one of the EU’s nine priority network corridors. Detailed knowledge of the subsurface soil properties is key for the proper design and execution of this


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






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright