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’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
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
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, 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
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
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
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 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
The Lamprell Group delivers its 12th Super 116E jackup drilling unit. Lamprell has announced the completion of construction on the jackup rig Jindal Pioneer and its delivery to Dev Drilling Pte Ltd of Singapore, a D. P. Jindal Group Company. The contract for the Jindal Pioneer rig was signed in January 2013 and this is the second rig with the LeTourneau Super 116E (Enhanced) Class design which Lamprell has delivered to this client
Greece-based DryShips Inc. (DRYS) reported first-quarter of 2016 net income of $55.4 million, after reporting a loss in the same period a year earlier. The company said it had profit of $2.05 per share. Losses, adjusted for non-recurring gains, came to 78 cents per share.
U.S. energy firms this week kept the number of rigs drilling for oil unchanged for the first time this year, services company Baker Hughes Inc said on Friday, as crude futures trade near a seven-month high. Drillers kept the number of rigs at 318 in the week to May 20
Russian shipbuilder Krasnye Barrikady has been awarded a near-$1 billion contract by Iran to build five offshore drilling rigs for use on Iran's part of the Gulf shelf, a company official told Reuters. The project, which was under discussion for almost two years
Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection. The company said it had entered into a restructuring support agreement with some lenders
Hong Kong bulker Pacific Basin has proposed a one-for-one rights issue in a bid to raise approximately $150.6m for strengthening its long term equity capital. The shipping company plans to sell around 1.9 billion rights shares at a price of HKD0.60 per share, representing a 58
Keppel Corp., the world’s largest builder of oil rigs, posted a 41 per cent fall in quarterly profit, its fourth straight decline, as offshore and marine segment revenue slumped because of the deferment of some projects and suspension of contracts related to Sete Brasil.
Transocean, the world's leading offshore drilling contractor with 61 rigs in its fleet, has issued a Fleet Status Report that provides the current status of and contract information for the company's entire fleet of offshore drilling rigs.
Cyprus-based Ocean Rig has stepped in to buy the sixth generation ultra-deepwater (UDW) drillship Cerrado, which once drilled the giant Libra prospect offshore Brazil, following its owner Brazil-based Schahin Group bankruptcy declaration last April.
As the many Greek players in the shipping industry know well, the legend of Icarus tells us the dangers of flying too high. Merchant vessel earnings eventually found their 2008 heights just as unsustainable, even as some talked of a “new paradigm”.
Keppel Offshore & Marine (Keppel O&M), through its wholly owned subsidiary, Keppel Offshore & Marine USA, Inc., has completed the acquisition of Cameron International Corporation's offshore product division, which comprises the LETOURNEAU jackup rig designs, rig kit business
Ensco Plc has concluded discussions with Petrobras regarding revised commercial terms with respect to some rig contracts. Ensco 6003 and Ensco 6004 had their contracts terminated effective May 1, 2016 by mutual agreement.
Freight Traders Ltd arranged the duty free importation of two Dillmec drilling rigs into New Zealand. This included various mobilizations and demobilizations to remote New Zealand locations in the central north island. With the drilling campaigns complete
U.S. oil drillers cut rigs for an eighth week in a row to the lowest level since October 2009, oil services company Baker Hughes Inc said Friday, even with futures at six-month highs as some energy firms focus on completing wells rather than drilling new ones.
The Singapore-based offshore services provider Kim Heng Offshore & Marine has signed a memorandum of understanding with the Iran Marine Fund (IMF)to provide its technical expertise and financing to Iranian offshore marine and oil & gas projects.
ALP Striker, named at a ceremony held named on May 13, 2016, is the first of four ultra-long distance towing and anchor handling vessels for ALP Maritime Services, each with a bollard pull of approximately 300 metric tons. The vessels of the SX157 design are a part of the ALP