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Arduous GoM Drill Rig Salvage Accomplished

The Jack-up Rig: Photo credit Inland Salvage Inc.

Inland Salvage successfully delivers salvaged jack-up drill rig which sank last winter in the Gulf of Mexico. In mid-December 2012 a retired jack-up drill rig under tow from Fourchon, LA to be dismantled in Texas began taking on water. Despite being in the crowded waters of the oilfield, the tow captain was able to maneuver the sinking rig into a little used section of the Vermillion Block where the seas finally washed over the main deck and forced the rig to the ocean floor. Inland Salvage Incorporated (ISI), based in Harvey, LA, was awarded the salvage contract and began dedicating assets towards the effort, teaming up with Titan Salvage of Pompano Beach Fl. Titan's naval architects began performing stability calculations while ISI and Titan personnel mobilized to the wreck site onboard a 185 class lift boat which could remain on location even during the Gulf's winter storms. The Salvage Master, Gordon Olson, determined it would be best to approach the salvage from two fronts. One dive team would work to restore buoyancy to the barge and mud mat, while the second team would attempt to reestablish control of the now submerged jacking system.  Salvage Engineers developed an external hydraulic supply and control unit that was connected to the existing jacking system by divers working in the confined spaces of the rig. At the same time, divers penetrated into the barge tanks to install salvage pumps and restore the rig's dewatering system for the mud mat.


Bollinger Increases Port Fourchon Capabilities

Bollinger’s repair and conversion shipyard at Port Fourchon, La., on the Gulf of Mexico, can now accommodate rigs, ships and boats with drafts to 27 ft., now that dredging is complete from the sea buoys in the Gulf to Bollinger’s Fourchon 350-ft. slip, which has also been deepened. “The deepened waterway and slip permit us to offer services to larger jack-up and matted rigs as well as bigger ships and boats. We also have additional shore power providing electrical power for vessels’ hotel


Offshore Rig Counts Mixed

The worldwide offshore rig demand declined since last week, according to Offshore Data Services' weekly mobile offshore rig count. While demand in the U.S. Gulf improved, European rig demand continues to suffer. In European waters, 74 offshore drilling rigs are under contract this week, a one-rig net decline from last week, and a 10-rig fall from two months ago. The 106-rig European offshore drilling fleet's utilization rate is 69.8 percent


Offshore Rig Count

U.S. Gulf Rig Count Hits 20-Month High The Gulf of Mexico rig count continues to rebound, and this week reached its highest level since July 1998, according to Offshore Data Services' weekly mobile offshore rig count. The Gulf of Mexico rig count is expected to continue to rise as the year progresses. On March 24, 155 of the 198 mobile offshore drilling rigs in the U.S. Gulf of Mexico were under contract. The week's tally represents a four-rig increase over the previous week's count


DNB Bank Appoints Senior Asia Region Execs

Vidar Andersen: Photo credit DNB Bank

DNB Bank, the leading international shipping and energy bank, has appointed Vidar Andersen its new Head of Asia, based in Singapore with immediate effect. In a related move, Mats Wermelin has been appointed the bank’s new Head of China based in Shanghai, a post which was previously held by Mr Andersen. Group Executive Vice President (Large Corporations and International), Harald Serck-Hanssen, welcomed Mr Andersen and Mr Wermelin into their new positions


Cribbing & Matting Extend Range to Australia, SE Asia

Product display image courtesy of Cribbing & Matting

A high performance recycled plastic cribbing system engineered to provide optimum safety and durability when stabilising heavy loads is being introduced throughout Australasia and South-East Asia inform the Cribbing and Matting Co Pty Ltd., located in Sydney. The manufacturers explain that the lightweight, splinter-free, non-absorbent and environmentally sustainable Dura Crib and Dura Stat ranges were developed to replace older, weaker


Woldwide Offshore Rig Utilization Plummets

Offshore rig utilization fell in the world's most active markets during the week ending July 6, according to ODS-Petrodata Group. U.S. Gulf of Mexico rig utilization dropped 1.5 percent to 85.8 percent this week, with 182 rigs under contract out of a total of 212. European rig utilization fell 1.0 percent to 95.1 percent this week with 97 of the region's 102 rigs under contract, according to ODS, while worldwide rig utilization fell 0.7 percent to 89


FGH And Ocean Rig Sign Cooperation Agreement

Friede Goldman Halter (FGH) and Ocean Rig have signed a cooperation agreement related to the completion and delivery of Ocean Rig's Bingo 9000-1 and Bingo 9000-2 offshore drilling rigs, which are currently being outfitted and Friede Goldman Offshore's Pascagoula, Miss. shipyard. The agreement results from a joint effort of Friede Goldman and Ocean Rig to develop an acceptable plan and schedule for the completion and delivery of the two fifth-generation rigs


Prospector Offshore Keeps its Options Open

Prospector Offshore Drilling agrees with two Chinese shipyards to extend options on 6 rig construction agreements. An agreement with Dalian Shipbuilding Industry Offshore Co. extends the expiry dates on three of its rig construction option agreements with DSIC Offshore that were previously due to expire on 31 December 2012 have been extended until 31, March 2013. Another agreement with Shanghai Waigaoqiao Shipbuilding Co


Semco and PV Join Forces for Rig Upgrade

New Office

  Semco Maritime and PetroVietnam Marine Shipyard join forces to establish high class rig upgrade player in South East Asia - Vung Tau Rig Services. The initiative shall tap into the growing market for rig upgrades in the region. Semco Maritime opens new office at the PetroVietnam Marine Shipyard office building to strengthen the strategic partnership PetroVietnam Marine Shipyard (PVMS) and Semco Maritime JSC have entered into a strategic partnership with the aim to perform rig repair


Statoil Halts Angola Exploration, Cancels Rig Contract

Statoil drillship.jpg

Norway's Statoil has halted its exploration campaign in Angola after several disappointing wells and canceled a rig contract with Stena Drilling, the firm said on Friday. "The costs of terminating the operations and associated services including the Stena Carron rig contract will be


Trelleborg Invests in High-Speed Fender Test Rig

Trelleborg Fender

Trelleborg’s marine operation is in the process of building and installing a custom-made high-speed test rig, capable of testing both rubber and foam fenders.   The rig is being built in Trelleborg’s new Berryville facility in Virginia, U.S


Deepwater Semi-Sub COSL Prospector Delivered

COSL Prospector

COSLProspector, the fourth deep-water semi-submersible drilling rig built by CIMC Raffles for China Oilfield Services Limited (COSL), has been delivered in Yantai, Shandong Province. It represents another milestone for China’s deep-water drilling rig going into the global mainstream market


Time-out for Kwanza Drilling

Stena Carron rig

  Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola. The rig contract will cease with effect from 21 November 2014.


Songa Beats Street, But Sees Market Weakness Ahead

File Image: courtesy Statoil

Norwegian rig company Songa Offshore reported a forecast-beating core profit for the third quarter although it said weak demand for drilling rigs would remain subdued into 2015 before picking up from late 2016. The company's shares rose 5


As Oil Prices Drop, Rigs Go Off-Line

Photo courtesy of Transocean

Transocean Ltd, the owner of the world's largest offshore drilling fleet, said it was likely to retire additional rigs as the company continued to face pressure due to slowdown in an oversupplied rig market. The drilling contractor's shares rose as much as 3 percent in early trading after the


Lamprell to Deliver 2 Additional Rigs for NDC

NDC Chief ExecutiveOfficer, Abdalla Saeed Al Suwaidi, and Lamprell Chief Executive Officer, Jim Moffat, shake hands after signing the contract award for two further high specification jackup drilling rigs which NDC awarded to Lamprell

Lamprell received a new contract award valued at approximately $365 million from National Drilling Company (NDC) for the construction and delivery of two further high specification jackup drilling rigs of a Super 116E (Enhanced) Class. Lamprell was previously awarded contracts by NDC for a


Courts Upholds BP 'gross negligence' Gulf Spill Ruling

A U.S. judge weighing how much BP Plc should be punished for the 2010 Gulf of Mexico oil spill on Thursday refused to overturn his own finding that the oil company's conduct was "grossly negligent." The decision by U.S. District Judge Carl Barbier in New Orleans means BP could still


Drydocks World wins ADIPEC Awards

Drydocks World wins at Abu Dhabi International Petroleum Exhibition & Conference Awards

  Drydocks World and Maritime World, the international providers of maritime and offshore services to the shipping, oil, gas, and energy sectors have been awarded the Best Oil & Gas Project Award for outstanding Project Excellence on the SOLAN Project


Paragon Acquires Majority Stake in Prospector

PROSPECTOR 1 on location in the U.K. Sector of the North Sea (Photo courtesy of Prospector Offshore Drilling)

Paragon Offshore plc reported that it has acquired 52,749,014 shares of Prospector Offshore Drilling S.A., a publicly traded offshore drilling company listed on Oslo Axess. Paragon acquired the shares at a price of 14.50 Norwegian kroner (NOK) per share, or $2


Dryships Achieves Refinance of 5% Convertible Notes

Photo by DryShips

  DryShips Inc. global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., off-shore contract drilling oil services, today announced the following:


Transocean's Fleet Update Summary

Discoverer Seven Seas

 Transocean Ltd. issued a monthly Fleet Update Summary which includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since October 15, 2014.  The total value of new contracts since the October 15


Ocean Rig's $120m Loan Agreement with DryShips

Ocean Rig UDW

Ocean Rig UDW Inc. a global provider of off-shore contract drilling oil services, today announced the following: On November 18, 2014, Ocean Rig’s $120 million loan to its majority shareholder, DryShips Inc. (―DryShips‖), was approved by a special committee of Ocean Rig’s Board of


COSL Takes Delivery of New Semisub

COSL’s deepwater semi-submersible drilling rig COSL Prospector delivered

  China Oilfield Services Limited saw successful delivery of the deepwater semi-submersible drilling rig COSLProspector it invested in and commissioned to build in Yantai, Shandong today. This rig has adopted the latest marine engineering design concepts in the world and has mets the


Rowan's Fleet Status Update

Logo

Rowan Companies plc informed today that its monthly report of drilling rig status and contract details have been updated as of November 20, 2014.  Notable events in the current report include: Rowan Louisiana: As previously indicated






 
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