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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


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


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


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


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


North American Rig Count Drops 8

The number of rigs exploring for oil and natural gas in North America fell by eight during the week ending November 3, according to oil services firm Baker Hughes Inc. The number of rigs operating in the United States fell by six to 763 to 1,078 compared to 763 a year ago, while the number of rigs in Canada fell by two to 362, compared with last year's 336, according to Baker Hughes. In the U.S. Gulf of Mexico, the number of rigs searching for oil and gas fell by three to 148 compared to 113


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


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


Transocean 2013 Success Story: Dividend Up 34%

Frontispiece courtesy of Transocean

In a letter to shareholders chairman, Ian C. Strachan and Steven L. Newman, president and CEO, set out a summary of offshore drilling specialist Transocean's 2013 operations, excerpted as follows: • Revenue and Backlog Full year 2013 net income attributable to controlling interest was $1


GoM Drill Rig Damaged, Coast Guard Monitoring

ENSCO 8506: Photo courtesy of Keppel

The U.S. Coast Guard (USCG) is overseeing response efforts, as the offshore drilling rig ENSCO 8506 began taking sea-water into a ballast tank after being hit by a large wave in heavy seas more than 100 miles south of Galveston. The ballast tank is located in one of the rig's column ballast


Keppel Q1 Profits Dip Slightly

Maersk Intrepid was delivered by Keppel in Q1 2014 (Photo courtesy Maersk)

The Keppel Corporation released its limited unaudited results for the first quarter ending March31, 2014, reporting a 5% decrease in net profits to S$339 million compared to Q1 2013's S$357 million, though the company attributed the decline to one-off gains from the reversal of provision from the


Offshore Driller Noble Corp Q1 Earnings Beat Forecasts

Noble Corp., a leading offshore driller, reported first-quarter net income on Wednesday of $0.99 a share, higher than consensus forecasts, as new rigs helped lift revenues. ThomsonReuters I/B/E/S had forecast earnings of 70 cents a share or 82 cents a share excluding special items.


Long Legs Jack-Up 'Maersk Intrepid' Delivered

Maersk Intrepid at night: Image Maersk Drilling

Maersk Drilling informs it has taken delivery of its first ultra harsh environment jack-up, 'Maersk Intrepid', from the Keppel FELS shipyard in Singapore, and on time. The new offshore jack-up rig will start its mobilisation to the Norwegian North Sea in approximately two weeks


Seadrill Contracts Out Multiple Jack-Up Units

Seadrill vessel: Photo courtesy of the owners

Seadrill Limited informs it has secured new contracts for the jack-up units 'West Tucana', 'West Telesto', 'West Ariel', and 'West Prospero'.  Additionally, the contract for the 'West Mischief' has been extended by four months.  The total revenue potential for the four new contracts and


US Flies Italian Exec to Florida in Extradition

The United States has extradited a former executive of an Italian marine hose manufacturer to face price-fixing charges in what the Justice Department said was its first extradition on antitrust charges. Romano Pisciotti, a former executive with Italy's Parker ITR SRL


POSH attracts Hwang, Fortress as IPO investors

PACC Offshore Services Holdings (POSH), part of the empire of Malaysia's richest man Robert Kuok, has roped in Hwang Investment Management Berhad and Fortress Capital Asset Management as cornerstone investors for its Singapore listing, which sources close to the matter said could raise about $400


Rolls-Royce to Open Brazilian Offshore Facility

Rolls-Royce and U.K. Chancellor George Osborne announced today that the Group will further invest in Rio de Janeiro State to better support customers in the rapidly expanding offshore oil and gas industry. A new £22 million marine facility in Duque de Caxias will be used to assemble and test


Songa Offshore expects to secure financing for remaining rigs

Norwegian oil driller Songa Offshore is confident it can raise the debt it needs in order to pay for the last two rig newbuilds it has ordered, Chief Executive Bjoernar Iversen told Reuters on Tuesday. The two units have a combined price of just over $1


Brazil's Petrobras resumes output from Campos Basin's P-20 rig

Petroleo Brasileiro SA resumed production on Monday from offshore oil platform P-20 in the Campos Basin, the state-run oil company known as Petrobras said in a securities filing. In December, a fire at the platform injured two workers and knocked it out of service


Rolls-Royce Engines, Equipment for Bourbon

Image: Rolls-Royce

Rolls-Royce is to deliver deck machinery and engines to an arctic Anchor Handling Tug Supply vessel (AHTS) to be built by Vard for Bourbon Offshore Norway. The contract has a value in excess of £17 million for Rolls-Royce. The deck machinery delivery from Rolls-Royce will consist of


Keppel Extends Strategy into China

Company signs agreement to manage a shipyard in Quanzhou, China.   Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly owned subsidiary, FELS Offshore Pte Ltd, has signed a management services agreement with Titan Petrochemicals Group Limited (Titan) - a company in which


Drydocks World to Build Jack-Up Drilling Rigs

Image Courtesy Drydocks World

Drydocks World, an international service provider to the maritime, oil and gas and energy sectors, announced it has signed an Agreement with Malta Oil & Gas Ltd. for building two unique new jack-up drilling rigs based on Gusto MSC CJ54-X135-A design


Ultra Deepwater Rig Towed 11,500 Miles

Image Courtesy Fairmount

Fairmount Marine towed Sevan Louisiana to Curaçao Tug Fairmount Sherpa towed rig Sevan Louisiana safely from Singapore to Curaçao. During the 11,500 miles voyage via Cape of Good Hope, stops were made in Port Louis (Mauritius)


 
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