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.
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
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 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
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 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
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 $34,045,008. Work will be performed in Dam Neck, Va. (40 percent), onboard East Coast
Smedvig has signed an agreement with Norsk Hydro to extend the drilling contract for the semi-submersible drilling rig West Venture. The extension of the drilling contract has a firm duration of two years and in addition, annual renewal options for five more years. The estimated contract value for the firm period is US$ 150 million (approximately NOK 1 billion) and includes an incentive scheme related to drilling performance.
Keppel 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
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
MacGregor, part of Cargotec, has secured contracts to supply Pusnes bow loading systems for three newbuild shuttle tankers intended for operations in Brazilian waters. The order was booked into first quarter 2015 order intake.
Bibby Offshore announced today that its Asian Division, Bibby Offshore Singapore (‘BOS’), has secured a contract with the Moattama Gas Transportation Company (“MGTC”). MGTC, a joint venture between Total (operator), Unocal, PTT-EP and Myanmar Oil and Gas Enterprise
Maersk Drilling was awarded a contract from eni Ghana Exploration and Production Ltd. for employment of the newbuild drillship Maersk Voyager. The contract will see Maersk Voyager work on the Offshore Cape Three Points (OCTP) Project offshore Ghana with expected commencement in July 2015
Singapore Technologies Engineering Ltd reported today its full year financial results ended 31 December 2014 (FY2014) with a Group revenue of $6.54b compared to $6.63b as reported for FY2013. Profit before tax (PBT) of $650.7m was $79m or 11% lower year-on-year compared to $729
DeepOcean was established in 1999 and is dedicated to subsea services and operations in deep waters, able to take on deep-water assignments anywhere in the world. The company is an integrated service provider for the subsea industry. DeepOcean has a global track record of subsea services including
SBM Offshore, the Dutch marine oil production and loading vessels specialist, said on Wednesday its revenue this year could fall to as low as $2.2 billion, down from $3.5 billion in 2014. "The effects of the recent drop in oil prices are being felt across the offshore services
Nordic American Offshore Ltd. (NAO) informs that it has secured platform supply vessel (PSV) contracts with a major oil company. NAO’s two new contracts with are for four months firm periods, with further options for each vessel.
As the dust settles on the 2014 implementation of the non-tank vessel response plan (VRP) regulations, the effective result is that all tank and non-tank vessels over 400 gross tons operating in US waters must meet the requirements of OPA 90
Aker Solutions secured a contract from Daewoo Shipbuilding and Marine Engineering to provide engineering, construction and commissioning services for the hook-up phase of the Mariner oilfield development in the UK North Sea. The agreement is worth more than GBP 120 million
Compagnie Maritime Monégasque SAM (CMM) has secured contracts with Petrobras Brazil to charter five newbuild fast oil spill response vessels (OSRVs) with a new fuel-efficient Damen axe-bow design. CMM has secured contracts with Petrobras to charter five newbuild fast oil spill response
Maersk Drilling’s third drillship, Maersk Venturer, which was delivered 25 September 2014 from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si in South-Korea, has secured a short term contract with oil major Total. Maersk Venturer will commence a one well program offshore Malaysia
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
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
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
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