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
A mini-submarine carrying $200 million worth of cocaine was intercepted by authorities in the Eastern Pacific Ocean. The Customs and Border Protection air crew from Corpus Christi was involved in the arrest of four people aboard a mini-submarine headed for the U.S
Teekay Shipping has ordered four sea chest blanks from Norwegian magnetic technology specialists, Miko Marine. The closures will be delivered in August for use on the former shuttle tanker Randgrid which is currently undergoing a $220 million conversion into the Gina Krog floating storage and
Repair of Polyarnaya Zvezda and Severnoye Siyaniye, semi-submersible mobile offshore drilling units (MODU) of the sixth generation, has been completed under survey of Russian Maritime Register of Shipping (RS) at Yantai CIMC Raffles Offshore Shipyard Ltd. in Yantai, China. Mr
Aqualis Offshore and China Ship Design & Research Center Co., Ltd (CSDC) have signed an agreement to cooperate on engineering projects both in China and internationally. CSDC, a subsidiary company of China Shipbuilding Industry Corp (CSIC)
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
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
At 5 pm on Wednesday December 30, Statoil and COSL were informed that three persons had been injured on the COSL Innovator when a heavy wave hit the rig. Statoil and COSL have mobilized their emergency response organizations. The semi-submersible drilling rig COSL Innovator is under
Wärtsilä, a global leader in complete lifecycle solutions for the marine and energy markets, has signed a long-term maintenance agreement with Prosafe, the world's leading owner and operator of semi-submersible accommodation vessels also known as flotels
Rolls-Royce has signed a $11.5 million contract to supply the mooring system for the world’s largest semi-submersible crane vessel (SSCV), Sleipnir. The vessel will be built in Singapore by SembCorp Marine for the Dutch company Heerema Offshore Services.
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division authenticated the keel for the company’s seventh U.S. Coast Guard National Security Cutter, Kimball (WMSL 756), today. “Kimball, like her sister ships
RollDock Shipping B.V. (part of the Roll Group) confirmed the purchase of their 7th vessel, the MV RollDock Sky. This is the third semi-submersible multipurpose heavy lift vessel bought from Larsen & Toubro India. She will go directly into service after some upgrades. The MV RollDock Sky