Smedvig has entered into an agreement with Keppel Shipyard in Singapore for the purpose of building a new semi-submersible self-erecting tender rig (semi-tender). Total capital expenditure for the new semi-tender is estimated at $ 94 million, of which Smedvig's share is approximately $ 29 million. The agreement with Keppel Shipyard is based on the principle that Keppel shall build and own the the semi-submersible hull, and Smedvig shall own the derrick equipment set. Smedvig shall for a period of ten years be responsible for marketing, management and operation of the unit. The agreement includes an option for Smedvig to purchase the semi-submersible hull during the ten-year period at a pre-agreed price. The new semi-tender will be based on a similar but improved design and specification as Smedvig's West Alliance. The new unit is targeted for deepwater drilling operations in combination with floating wellhead platforms such as TLPs and Spars in benign waters. The new rig is scheduled for delivery in the third quarter 2005. Kjell E Jacobsen, CEO in Smedvig asa says: "This investment reinforces our position as the leading tender rig operator."
At the Annual General Meeting of Shareholders today, shareholders approved the name change of Sealift Ltd to Dockwise Ltd. This name change will take on July 31. The Dockwise Group of companies is an integrated heavy lift services providers. Following the recent combination with its parent company Sealift Ltd, the Dockwise Group of companies currently owns a fleet of 22 vessels, of which 17 are semi-submersible heavy transport vessels and the remaining 5 are due to be converted into
Hyundai Heavy Industries (HHI) won an order to build a $240m semi-submersible heavy transportation vessel (SSHTV) from Dockwise. The vessel is specially designed to transport more than 110,000 tons of offshore oil and gas production facilities including FPSO (Floating, Production, Storage and Offloading) units. After completed, FPSO are usually transported by two or three tug boats from shipyards to operating sites, taking about months to mobilize on the sites
PanAtlantic commences drilling operations in Santos Basin, offshore Brazil, with semi-submersible drilling unit PanAtlantic holds deepwater exploration assets in Brazil, West Africa and the Black Sea. Vanco Brasil Exploração e Produção de Petróleo e Gás Natural Ltda., a wholly owned subsidiary of PanAtlantic Energy Group, announce that the Company has commenced drilling operations, using the GSF Arctic I semi-submersible drilling unit
COSCO Corporation (Singapore) Limited announce that contracts each in excess of US$200-million for two advanced semi-submersible accommodation vessels to be constructed in China have been declared effective. The accommodation rigs are to be built by COSCO subsidiary COSCO (Qidong) Offshore who are responsible for the engineering, procurement and construction of the two semi-submersible vessels. They will be of Gusto MSC Ocean 500 design and will be equipped with 500 beds
Boskalis takes new semi-submersible heavy transport vessel and hopper dredger into service Royal Boskalis Westminster N.V. informed that Dockwise vessel White Marlin was named and christened during a ceremony in Guangzhou, China. The semi-submersible heavy transport vessel will be mobilized to Singapore for its maiden transport of two drilling rigs for discharge in Abu Dhabi. With its overall length of 216 meters, beam of 63 meters and deadweight of 72,000 metric tons
Wärtsilä Corporation was awarded a contract in November 2005 by Yantai Raffles Shipyard in China to supply the main engines, thrusters and associated ancillary equipment for the new offshore semi-submersible platform "ORS Pioneer". Wärtsilä will deliver six Wärtsilä 32 diesel engines and motor-driven steerable thrusters together with various ancillary equipment. The main engines have a combined power of 29 MW.
A novel drydocking operation has commenced in Mexico, following the successful loading of the 11,220 tonnes semi-submersible rig Mata Redonda on the main deck of Zhong Ren 3, the world’s largest semi-submersible barge. Rotterdam-based ocean towage and heavy transportation specialists Fairmount Marine won the contract for the drydocking, using the 50,000 dwt Zhong Ren 3 as the platform. Fairmount President Henk van den Berg says: “The loading of Mata Redonda was performed in complete
Dockwise Ltd. announced nine near and midterm contracts awarded to its subsidiary, Dockwise Shipping, for the transportation of jack- up and semi submersible drilling rigs, dredging equipment and various other cargoes. Total revenues for the contracts are approx $45m. On behalf of Noble Drilling, Dockwise Shipping is to transport the drilling rig Noble Roy Butler to its new assignment in the Gulf of Mexico. Following the recent announcement that Dockwise had been contracted to
Colombian Naval Forces Commander, Adm. Guillermo Enrique Barrera Hurtado met with U.S. Coast Guard Vice Commandant, Vice Adm. Vivien Crea, during his visit to Coast Guard Headquarters July 16. Among topics of discussion was a law passed in Colombia July 9 that makes all persons who finance, construct, store, commercialize, transport, procure or use semi-submersibles or submersibles with illicit intent, susceptible to fines between approximately $246,340 and $17,243
Press Release - Caterpillar Oil & Gas has announced the introduction of Asset Financial Solutions, a financial product that provides 100 percent financing new offshore or marine assets. The new solution enables Caterpillar to offer customers a tailored solution to optimize their business and
Herrenknecht and Ulstein are due to present their vision of the future of heavy well intervention at the Offshore Energy 2015 exhibition in Amsterdam this week. Germany’s Herrenknecht Vertical GmbH (HVG) and the Netherland’s Ulstein Design & Solutions B.V
Developed and manufactured for marine surveyors and naval architects by Netherlands-based TARKA-SYSTEMS, the MOSS is a portable measurement solution for monitoring and surveying. According to the developer, the MOSS System features a pragmatic design
The low oil price and a reduction in newbuilds have driven the integrity of existing assets up the agenda for the oil & gas industry. However, the cost of inspection programs can be significant, adding to the operational costs. DNV GL has now launched a recommended practice
Sembcorp Marine has signed an engineering and construction contract worth about US$1 billion to build the world's largest semi-submersible crane vessel for a unit of Netherlands-based Heerema Offshore Services B.V. Scheduled for delivery in the fourth quarter of 2018
Maersk Drilling has been awarded a 5-year contract extension for the semi-submersible Heydar Aliyev rig with BP Exploration (Shah Deniz) Limited acting as Operator of the Shah Deniz field . The rig will continue working on the development of the Shah Deniz field in the Caspian Sea
U.S. authorities have seized a submarine-like vessel loaded with more than seven tonnes of cocaine off the coast of El Salvador, the Guardian reports. U.S. Navy, Customs and Border Protection and Coast Guard personnel took part in the operation.
Low oil prices and muted sentiment in the industry continued to take a toll on Sembcorp Marine's second-quarter earnings. The rigbuilder has announced that net profit for the three months ended June 30 sank 17 per cent to to $79.58 million (SGD 109 million), compared to $96
The U.S. Coast Guard based in Northern California seized a semi-submersible vessel carrying more than 16,000 pounds of cocaine in the Eastern Pacific Ocean last month - the largest bust of its kind in Coast Guard history. The Coast Guard Cutter Stratton intercepted the 40-foot
Shell’s drilling operations in the Chukchi Sea are being overseen 24/7 by inspectors from the U.S. Bureau of Safety and Environmental Enforcement (BSEE) to ensure compliance with federal regulations and safety standards, BSEE said.
Owner and operator of semi-submersible accommodation vessels Prosafe announced it has signed a contract with an undisclosed client for the provision of an accommodation vessel in the U.K. sector of the North Sea. The contract firm period commitment is over eight months and will involve an
COSCO Shipping Company Limited (COSCOL) signed a contract with Shell Offshore Inc. on 6
Semi-submersible accommodation vessel owner and operator Prosafe informs that Lundin Norway AS has exercised an option to prolong the provision of semi-submersible accommodation vessel Safe Boreas at the Edvard Grieg Project in the Norwegian sector of the North Sea.
Inchcape Shipping Services (ISS) has been appointed by Paragon Offshore, Houston, as marine and logistic services provider for a new drilling campaign off the Songo Songo Islands, Tanzania – the first new commercial drilling project in Tanzania in a number of years.
Prosafe announced it has signed a contract worth approximately $24 million with Shell U.K. Limited for the provision of the Regalia semi-submersible accommodation vessel at the Brent C platform in the U.K. sector of the North Sea. The short duration contract commencing in the second quarter of