Marine link
 

Rig Contract

SembCorp Lands Dual Rig Contract

SembCorp Marine Ltd, a subsidiary of SembCorp Industries Ltd said on Wednesday it had secured two rig contracts from Santa Fe International Corporation worth about $570 million. SembCorp said that its associated company PPL Shipyard Pte Ltd would construct two deepwater semisubmersible drilling rigs plus options for two additional drilling units. The first two rigs will cost approximately $285 million each, with the option rigs priced slightly higher. Construction of the first rig will commence in May and take approximately 30 months to complete. The second rig is expected to commence 18 months into the construction of the first, and is scheduled to be completed in 24 months.


Diamond Offshore Awards $34M In Rig Contract

Keppel FELS Energy & Infrastructure won contracts worth a total of $34 million from subsidiaries of Diamond Offshore Drilling Inc. The contracts awarded to units Keppel FELS Ltd. and Amfels Inc. are for conversion of four rigs so they can drill in deeper water, the firm said in a statement. - (Reuters)


Aker Drilling Confirms Rig Contract with Aker Exploration

Aker Exploration AS has confirmed a contract for the company's drilling unit, which is scheduled to be operational in October 2008. This is an important contract featuring exciting exploration assignments on the Norwegian Continental Shelf, says Aker Drilling President and CEO Geir Atle Sjøberg. Aker Drilling's sixth-generation, semi-submersible Aker H-6e unit is tailor-made for Norwegian conditions. We will cover the customer's needs for exploration wells anywhere on the Shelf


UK, Offshore Industry Decline

According to an August 24 report from Morning Star UK, the offshore industry's second-quarter results saw gloomy forecasts for jackups and midwater rigs. Negative customer expectations surrounding commodity prices and difficult well economics mean lower demand for offshore drilling. Still, Morning Star reported, hefty backlogs for many of our companies give them ample time to strip out costs as long-term rig contracts slowly roll off.


Dockwise Backlog Update

Dockwise Ltd. announced that contracts have been secured by its subsidiary Dockwise Shipping.  Next to an engineering assignment, the transportation of a semi- submersible rig, a jack- up rig and river barges for a value of $20m were signed for the short term. For execution in 2012 Dockwise received a Letter of Award for the transport and installation by means of a float over of a large offshore production platform in the Far East for a value of $45m.


Statoil: COSL Pioneer Temporarily Suspended

COSL Pioneer (Statoil image)

Due to overcapacity in their rig portfolio, Statoil will lay up the COSL Pioneer rig in the fourth quarter of 2014. The rig is currently carrying out an assignment on the Visund field and is scheduled to complete this work at the end of September. “After a careful review of our drilling plan, we find it necessary to suspend COSL Pioneer for the time being,” says rig procurement responsible Tore Aarreberg.


Offshore Market: Oil Prices Skyrocket but Rig Demand in the Doldrums

By Tom Marsh, ODS-Petrodata, Houston Worldwide demand for mobile offshore drilling units remains essentially flat, according to Houston-based offshore industry analyst ODS-Petrodata, although offshore drilling activity is expected to increase modestly in certain areas as the year progresses. U.S. Gulf of Mexico rig demand has fallen by eight rigs since December, but some indicators point to an increase in Gulf rig demand over the summer months


Keppel Wins Twin Jackup Rig Order

Keppel-logo.jpg

Keppel FELS Limited (Keppel FELS) has secured contracts to build two high-specification KFELS B Class Bigfoot jackup rigs from returning customer Gulf Drilling International Ltd. (q.s.c.) (GDI) of Qatar, worth about US$393 million. These latest contracts follow closely after Keppel FELS was awarded a newbuild jackup rig contract by one of GDI's Shareholders, Japan Drilling Company, in March this year. Scheduled for delivery in the third quarters of 2013 and 2014


Latest on Efforts to Secure GofM Gas Well

Rowan EXL 3: Photo courtesy of Rowan

Well owners, Walter’s, application for permit to drill a relief well was approved Saturday by BSEE.  The Rowan EXL-3 jack-up rig, contracted by Walter, is on location at South Timbalier 220 and crews are completing rig 
preparations in order for drilling to begin. BSEE has reviewed and approved Walter's plans and procedures for debris removal from the well site. Work to safely remove and secure debris is expected to begin late today.


Aker Solutions to Divide Company in Two

Aker OCV: Image courtesy of Aker Solutions

Aker Solutions release Q1 2014 financial results and separately inform they will split into two companies to speed up a streamlining process that will reduce costs and better position all parts of the group to meet the needs of customers in an increasingly competitive global energy industry. Financial Highlights Sales rose to NOK 11.2 billion in the first quarter of 2014 from NOK 10.3 billion in the first quarter of 2013.


US Oil Rig Count Lowest Since 2010

The U.S. oil rig count this week dropped to the lowest level in over five years as energy firms stepped up the rate of idling rigs after one of the worst years in almost 30 years for drilling, data showed on Friday.   Drillers removed 20 oil rigs in the week ended Jan


U.S. Drillers Cut Rigs to Lowest Number in Almost 6 Years

U.S. energy firms this week continued to cut the number of rigs drilling for oil to the lowest in nearly six years, data showed on Friday, suggesting drillers were preserving cash as they evaluate spending plans as crude prices hover near 12-year lows.


Keppel FELS Delivers First Rig of the Year

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered Halul, a KFELS B Class jackup rig, to Gulf Drilling International Ltd. (q.s.c) (GDI) of Qatar.   Completed on 21 January 2016, ten days ahead of schedule, and on budget


US Oil Drillers Cut Rigs for 6th Week

U.S. energy firms cut oil rigs for the sixth straight week, data showed on Friday, and were expected to shed more in coming weeks with three major U.S. shale oil companies slashing their spending plans after crude prices hit 12-year lows.  


Transocean's Henry Goodrich gets Two-years Deal

Henry Goodrich Courtesy Transocean

  Transocean Ltd. announced today that the harsh-environment semisubmersible Henry Goodrich was awarded a two year contract with Husky Oil Operations Limited offshore Canada at a dayrate of $275,000. The estimated contract backlog excluding mobilization is $200 million


Maersk Guardian Acquires 5-year Accommodation Deal

Jack-up Rig Courtesy Maersk Drilling

  Maersk Drilling has been awarded a contract with Maersk Oil for the jack-up rig Maersk Guardian for accommodation on various fields in the Danish part of the North Sea. The firm contract duration is 5 years with commencement in September 2016. The contract includes two 1-year options


US Oil Drillers Cut Rigs for 14th Week in 15

U.S. energy firms this week cut oil rigs for a 14th week in the last 15, data showed on Friday, a sign drillers were still waiting for higher prices before returning to the well pad.   Drillers removed 21 oil rigs in the week ended Dec


US Oil Drillers Add Rigs for First Week in Five

U.S. energy firms this week added oil rigs for the first time in the last five weeks, data showed on Friday, despite continued weak crude prices.   Drillers added 17 oil rigs in the week ended Dec. 18, bringing the total rig count up to 541


Drydocks Completes Rig Diyina

Drydocks World, an international service provider to the shipping, offshore, oil, gas and energy sectors has completed the yard’s first Rig Integrity Assurance Program (RIAP) on rig Diyina for the National Drilling Company (NDC), and the first EPCC concept rig project the yard has


Shell Terminates Polar Pioneer Contract

(U.S. Coast Guard photo courtesy of Air Station Port Angeles)

Royal Dutch Shell has elected to terminate the contract for harsh environment semisubmersible rig Polar Pioneer prior to its expiration in July 2017, the rig's owner Transocean Ltd. announced. Transocean said it will be compensated for the early termination through a lump-sum payment that


Heavy Wave Strikes Rig, Injures Three in the North Sea

(Image: Statoil)

At 5 pm on Wednesday December 30, Statoil and COSL were informed that three persons had been injured on the COSL Innovator when a heavy wave hit the rig. Statoil and COSL have mobilized their emergency response organizations.   The semi-submersible drilling rig COSL Innovator is under


US Oil Drillers Cut Rigs for a 6th Week in 7

U.S. energy firms cut oil rigs for a sixth week in the last seven, data showed on Thursday, a sign drillers were still waiting for higher prices before returning to the well pad.   Drillers removed 2 oil rigs in the week ended Dec. 31, bringing the total rig count down to 536


Fatality on COSL Rig Confirmed

COSL Innovator Courtesy Statoil

  Statoil and COSL have confirmed report from the police sources that one person has died as a result of the breaking wave that hit the drilling rig COSL Innovator today. Two other people were injured and are receiving medical treatment ashore


Japanese Consortium Pulls Out of Brazilian Shipyard Ecovix

Construction of hulls in Rio Grande. Photo: Engevix Construções Oceânicas SA

 A consortium of Japanese shipyards decided to sell its stake of Ecovix, which controls the Rio Grande Shipyard, reports Reuters.   Mitsubishi Heavy Industries, four other shipbuilders said in October 2013 acquired 30% of Ecovix-Engevix Construcoes Oceanicas in a deal reportedly worth


Baker Hughes: Rig Counts Continue to Fall

 Baker Hughes  announced that the international rig count for December 2015 was 1,095, down 14 from the 1,109 counted in November 2015, and down 218 from the 1,313 counted in December 2014. The international offshore rig count for December 2015 was 250






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