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Secures Contract

Seadrill Secures Contract for West Hercules

Seadrill has been awarded a contract by Husky Oil China Ltd. on the Chinese continental slope for the deepwater semi-submersible drilling rig West Hercules. The contract has a firm duration of three years with estimated contract value of approximately $580m, including mobilization fee. West Hercules is currently under construction at Daewoo Shipyard in South Korea and is scheduled for delivery in the second quarter 2008.


COSCO Corpn Wins $ 230 mi Contracts

  The Board of Directors of COSCO Corporation (Singapore) Limited announced that shipyards, which are subsidiaries of the Company’s 51% owned subsidiary COSCO Shipyard Group Co., Ltd, have secured contracts valued at approximately USD230 million to build one (1) Floating Accommodation Unit (FAU) and one (1) Module Carrier as follow:   1. COSCO (Qidong) Offshore Co., Ltd Contract from a Singapore entity to build one (1) Floating Accommodation Unit (FAU) scheduled for


W&O Supply Secures Contracts with Industry Leaders

W&O Supply has secured contractual agreements with Transocean Offshore, Inc. and Teekay Shipping, two recognized leaders in the offshore exploration and marine shipping industries. The general service agreements designate W&O Supply as primary provider of marine valves and related products for Teekay Shipping’s fleet and Transocean’s offshore drilling rigs. W&O Supply’s reputation for distributing quality marine products quickly and efficiently were major factors in the company being


Boustead Hopes to Secure Contracts

Boustead Heavy Industries Corporation Bhd hopes to secure shipbuilding contracts. The company, formerly known as PSC Industries Bhd and currently undergoing restructuring, expects to know the results by year-end, he told reporters after the company's annual general meeting. Part of the negotiations was for the construction of leisure vessels which are currently handled by its shipyard in Langkawi. The company also planned to tap the oil and gas sector


Keppel Secures New Contracts

KV915-020_Low%20res web.jpg

Keppel Offshore & Marine Ltd (Keppel O&M) has secured contracts worth over $20.7 million through its overseas subsidiaries for the upgrade and repair of three semisubmersibles (semis). One of these contracts, secured in the Netherlands, is for the inspection and repair of a semi accommodation rig, COSLRIVAL (ex-Port Reval), from China Oilfield Services Limited. K&O plans to upgrade COSLRIVAL’s electrical switchboards and piping systems and overhaul its marine equipment and


Keppel O&M Clinches More Contracts

Photo courtesy Keppel Offshore & Marine Ltd

Keppel Offshore & Marin Ltd (Keppel O&M), through its subsidiaries, Keppel Shipyard Limited (Keppel Shipyard) and Keppel FELS Limited (Keppel FELS), has secured contracts worth $114.8m for a Floating Production Storage and Offloading (FPSO) vessel conversion, a Derrick Lay Barge completion and the life extension of a semisubmersible rig. Tong Chong Heong, CEO of Keppel O&M said, “As market sentiments liven up


Keppel Singmarine Secures Contract for FSO Vessel

Keppel Singmarine Pte Ltd (Keppel Singmarine) has clinched a $87.2m contract to build a Floating Storage Offloading system (FSO) unit for LUKOIL –NIZHNEVOLZHSKNEFT (LUKOIL-NVN), a subsidiary of the Russian oil company, LUKOIL Oil Company. The 28,000 tons (dwt) Ice-Class FSO is a new design by Marine Technology Development Pte Ltd (MTDTM), the design arm of Keppel Singmarine. The MTD13028FSO-IC FSO is designed with provisions for forecastle deck structure for single point mooring


Defense Mission Systems Secures Contract

Northrup Grumman Corp., Defense Mission Systems, Virginia Beach, Va., is being awarded a $6,916,010 cost-plus-fixed-fee, indefinite-delivery and indefinite-quantity contract for radar surveillance and detection and tracking systems support. The contract contains options which, if exercised, would bring the total cumulative value of this contract to $34,045,008. Work will be performed in Dam Neck, Va. (40 percent), onboard East Coast


Smedvig Secures Contract Extension for West Venture

Smedvig has signed an agreement with Norsk Hydro to extend the drilling contract for the semi-submersible drilling rig West Venture. The extension of the drilling contract has a firm duration of two years and in addition, annual renewal options for five more years. The estimated contract value for the firm period is US$ 150 million (approximately NOK 1 billion) and includes an incentive scheme related to drilling performance.


Keppel to Upgrade, Repair Noble Drillships

Photo courtesy Keppel Offshore & Marine Ltd

Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary, Keppel FELS Brasil, has secured contracts from Noble Corporation (Noble) to upgrade and repair two of Noble's Brazil-based drillships for $304m. The scope of work covers the fabrication, repair and replacement of components, including the stern section, accommodation blocks, sponsons and heliport. Work on the drillships, Noble Leo Segerius and Noble Roger Eason


COSCO to Build Four Subsea Service Vessels for MSS

A Maersk OSV: File photo

COSCO Corporation (Singapore) says that its subsidiary COSCO (Dalian) Shipyard has secured the 4 ship construction contracts from  Maersk Supply Service AS (MSS) which are worth over US$470-M (excluding owner furnished equipment). MSS has also secured options for two additional subsea supply


Seadrill's Q2 2014 Revenue Holds Nearly Steady

Drill ship: Photo courtesy of Seadrill

Revenues for the second quarter of 2014 were US$1,222 million compared to US$1,221 million in the first quarter of 2014, according to the company's financial report. Operating profit for the quarter was US$476 million compared to US$890 million in the preceding quarter


MacGregor Winches for Malaysian Accommodation Barges

Photo: MacGregor

MacGregor has secured a winch package contract from Nam Cheong Limited group, a global offshore marine player listed on the Main Board of the Singapore Exchange Securities Trading Limited and Malaysia's largest offshore support vessel builder


Keppel Bags Repeat Orders

  Keppel Offshore & Marine Ltd wholly owned subsidiaries Keppel Shipyard Ltd (Keppel Shipyard) and Keppel Nantong Shipyard Co. Ltd have secured contracts from repeat customers worth a total of S$153 million. Keppel Shipyard's contract is for the conversion of a Floating Production


Keppel FELS to Build Three Jackups

Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured contracts to build three high-specification KFELS B Class jackup rigs worth about $650 million (USD) from new customer Fecon International Corp. (Fecon).  


OPIC Awards Ellicott for Dredge Work in Iraq

Congressman Mark Meadows (NC) and Ellicotts Peter Bowe

In a ceremony at the U.S. Chamber of Commerce, the Overseas Private Investment Corporation’s (OPIC) President and Chief Executive Officer Elizabeth L. Littlefield presented Ellicott Dredge Enterprises, LLC and its Ellicott Dredges LLC entity with OPIC’s inaugural “Impact


Keppel Reports Batch of New Projects

Keppel Offshore & Marine Ltd.'s (Keppel O&M) subsidiaries Keppel Shipyard Ltd., Keppel Singmarine Pte Ltd. and Keppel Nantong Shipyard Co. Ltd. have secured contracts worth a total of about S$140 million. Michael Chia, Managing Director (Marine & Technology) of Keppel O&M, said


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


James Fisher Partners with Mammoet Salvage

Photo courtesy of James Fisher

James Fisher Marine Services Ltd (JFMS), part of James Fisher and Sons plc  has announced the signing of a cooperation agreement with Mammoet Salvage B.V  a division of Mammoet. Operating for over 200 years and with a global office network


PD&MS Energy Secures Contract Extension

Fairfield Dunlin (courtesy of  PD&MS)

PD&MS Energy has been awarded an offshore contract extension for engineering work on Fairfield Energy’s North Sea assets. Following an initial three-year contract, the options will see the Aberdeen-headquartered firm provide engineering


Kongsberg Wins Contract for 14 BP Tankers

Kongsberg Maritime has secured contracts for the delivery of fully integrated navigation and automation systems for a series of 14 crude/product tankers ordered by BP shipping Ltd. The new builds will be delivered by STX Offshore and Shipbuilding Co., Ltd. by September 2016


JES Inks $1 Billion USD Newbuilding Deal

Mainboard-listed JES International Holdings Limited announced that the Group has successfully secured contract plus options worth close to US$1.0 billion, continuing on their successive contract wins earlier in 2014.   Comprises construction of 6 Ultramax bulk carrier with options


Habtoor Leighton Awarded Doha Pipeline Project

LEIGHTON HOLDINGS LIMITED AWARDED QAR1.09 BILLION (US$300 MILLION) PIPELINES PROJECT IN DOHA, QATAR

  The Habtoor Leighton Group (HLG) has been awarded a contract valued at QAR1.09 billion (US$300 million) for the construction of pipelines for two sections of Doha’s&n


COSCO Corpn. Secures Contracts of $300 mi

  COSCO Corporation (Singapore) Limited announced that shipyards, which are subsidiaries of the Company’s 51% owned subsidiary COSCO Shipyard Group Ltd, have secured contracts valued at approximately USD300 million to build one accommodation barge and seven bulk carriers as follow:


Bibby Secures Two More Offshore Contracts

FPSO vessel OSX 2, working in conjunction with Tecnomar & Associates

Bibby Ship Management announced it has secured two new contracts in the offshore oil and gas sector. Bibby Ship Management Singapore has been appointed as the technical and crewing managers for the OSX 2, an FPSO vessel, working in conjunction with overall project managers Tecnomar &






 
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