Semi Submersible
Smedvig to Build New Semi-Tender
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."
Sealift Changes Name to Dockwise Ltd.
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
Drilling Starts in Santos Basin, Offshore Brazil
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
Hyundai Heavy to Build Largest Semi-Submersible Vessel
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
Wärtsilä Power for ORS Semi-Submersible Platform
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.
Fighting Semi-Submersible Threat
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
UK Returns to Semi-Submersible Rig Building
Britain is to return to the world of semi-submersible rig building for the first time in two decades as prices soar and shipyards in South Korea run out of space. SeaDragon Offshore, a newly-formed company is to take over a former vessel construction facility on Teesside to build the first in a series of three drilling units worth up to $1.5b. As many as 600 jobs could be created at the Haverton Hill Shipyard by SeaDragon which plans to float on either the London or the Oslo stock
Interesting Drydock Ops in Mexico
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
Seadrill Advance Charter Out Semi-submersible 'West Mira'
Seadrill receives award for newbuild ultra-deepwater semi-submersible 'West Mira' with start-up in 2015 Seadrill has received a Letter of Award from Husky Oil Operations Limited for a new five-year contract for the newbuild harsh environment semi-submersible rig West Mira for operations in Canada and Greenland. Total estimated revenue potential for the contract, including mobilization and performance bonus is approximately US$1.18 billion for the five firm years
Dockwise Secures $45m in Contracts
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
VT Halter Marine’s Dry Dock Arrives in Pascagoula
VT Halter Marine Inc, a subsidiary of VT Systems Inc., announced the arrival of a 12,000 MT Floating Dry Dock transported by a heavy lift vessel from the Philippines. The dock dimensions are LOA- 546 FT x B 128.5 FT x D 46 FT. The dry dock is part of an overall expansion plan to the south yard in
Rolls-Royce Hits Century in Drillship Propulsion Orders
Rolls-Royce's milestone 100th contract is to deliver drillship propulsion systems to a Transocean rig. In recent months Rolls-Royce has won orders to supply propulsion systems for seven new drillships totaling close to £100 million, including options
COSCO China Shipyards Diminish Group Q1 2013 Profits
The Group achieved $9.7 million net profit on turnover of $733.0 million in Q1 2013, but shipyard & drybulk operations contributions down. In Q1 2013, turnover from shipyard operations decreased by 25.5% to $719.2 million from $965.9 million in Q1 2012
CSS Olympia Launched, Additional CSS Contracts Secured
STX Marine launched MAC Offshore’s Compact Semi-Submersible (CSS), CSS Olympia. The launch took place on the 28th March, 2013 at the LiyaPingtan Shipyard, in Fujian Province, China, managed by Fujian Mawei Shipbuilding. The delivery of the vessel is due in November 2013 to CSS
TE SubCom Wins Subsea GoM Cable Contract
TE SubCom contracted by Chevron to connect the Jack & St. Malo offshore facility with an undersea fiber optic communications system in the deepwater U.S. Gulf of Mexico. Jack & St. Malo fields are located approximately 280 miles south of New Orleans, LA in water depths of 7,000 feet
China Shipbuilding Giant: 2012 Turnover Down, Profit Increase
COSCO Chairman Ma Ze Hua comments on the group's 2012 annual financial report. The following is extracted from Mr Ma's letter to stakeholders: It has been a challenging year for the Group. Turnover declined 10.3% to $3.7 billion, from $4.2 billion a year ago. Gross profit grew 27
Fairmount Sherpa Delivered Rig Arctic I in Las Palmas
Tug Fairmount Sherpa has safely delivered rig GSF Arctic I in Las Palmas. The rig was towed from offshore Rio de Janeiro, Brazil, to Las Palmas de Gran Canaria, Spain. GSF Arctic I is a semi-submersible drilling rig for deepwater operations, owned by Houston based Transocean
Concept Catamaran Can Morph to Liftboat
SHC Wavedancer, with a new patents pending design, is capable of transforming from a high speed catamaran to a semi-submersible platform. The desingers believe that this innovation has enormous global potential for use in the offshore energy markets
ABB Main Electrical Contractor for Ichthys Offshore Project
ABB appointed main electrical contractor for new semi-submersible central processing facility (CPF) at Ichthys oil & gas field in the Timor Sea off Western Australia. The order is valued at $15 million. ABB was awarded the MEC contract by the engineering
Offshore Accommodation Vessel Contract for Prosafe
Prosafe awarded a contract for its 'Regalia' vessel at the North Sea, Montrose Platform, of Talisman Sinopec Energy UK. The contract has been awarded following a competitive tendering process and is for a firm period of 450 days with on-site operations planned to commence late August 2014
ABB's HVDC Key to Offshore Wind Energy Integration
HVDC is a key enabler for the efficient and reliable integration of offshore wind energy, explains HVDC busness manager. Offshore wind power generation is one of the world’s most promising renewable energy sources, and is set to play an increasingly significant role in our economic growth
Fairmount Glacier Delivered Rig La Muralla IV in Mexico
Tug Fairmount Glacier has delivered rig La Muralla IV in Bay of Campeche, Mexico. The rig has been towed from Okpo, South Korea, via Sunda Strait and Cape of Good Hope. La Muralla IV is a brand new semi-submersible drilling rig for ultra deep water operations, owned by Mexican Grupo R
SCR Detailed Design Contract for 2H Offshore
2H Offshore Inc., an Acteon company, awarded a Steel Catenary Riser (SCR) detailed design project with LLOG Exploration Company. The scope of work includes the provision of detailed design of the production and export SCRs tied back to the Exmar OPTI-11000 semi-submersible for the Delta House
COSCO Turnover Down But 2012 Profitable
COSCO Group achieved net profit attributable to equity holders of $105.7 million on turnover of $3.7billion in 2012. Group turnover decreased 10.3% to $3.7 billion in 2012 from $4.2 billion in 2011 owing to a decrease in shipyard and dry bulk shipping revenue. However, Gross profit increased 27
China Shipyard Wins Tender Rig Contract
COSCO (Guangdong) Shipyard Co. contracted by Energy Drilling Pte Ltd to construct a semi submersible tender assist rig. The contract is valued at over US$ 200-million, with an option for a second tender. The turn-key contract includes the supply of the DES (Derrick Equipment Set) and the