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ABB to Buy UK's Dynamotive Ltd.

ABB to acquire the Coalville, UK-based manufacturer of  drives, controls and motors for industrial and marine applications & automotive test rigs. Dynamotive has about 40 employees and is privately owned. ABB says its owners will continue to work for them. “The acquisition of Dynamotive will enable ABB to expand its service operations including upgrade and retrofit capabilities in low and medium voltage drives. Furthermore, it will help ABB to increase its sales of complete industrial motion packages, which include drives, motors, controls and related services,” said Pekka Tiitinen, head of ABB's Drives and Controls business unit. “By combining Dynamotive’s service and engineering capabilities with ABB’s manufacturing capabilities and product know-how we will better serve our customers." Dynamotive will be integrated into ABB’s Drives and Controls business unit, led in the UK by Neil Ritchie. ABB is one of the world’s largest manufacturers of electric motors and drives. Drives adjust the speed of electric motors to match the actual demand of the application thereby improving productivity and energy efficiency. “We are excited about the opportunity to join forces with ABB. We are confident that our customers and employees will benefit from the increased level and quality of services that we can offer them,’’ said David Perkins, Dynamotive’s managing director


Extension of drilling contract for Bredford Dolphin

Fred. Olsen Energy ASA has, via its subsidiary, Dolphin Drilling Ltd, received notification of a contract extension from Agip Gas BV for the semi-submersible drilling rig Bredford Dolphin. The rig has been operating offshore Libya since March 2003. The extended contract is on the same terms and conditions as the current contract and includes a rig rate of approximately $64,000 per day. The extension period covers the time to drill one additional well and test and complete five sub sea wells


Keppel Deliver KFELS B Class Jackup

Keppel FELS Limited (Keppel FELS) will deliver a jackup to a wholly-owned subsidiary of SeaDrill Management (SeaDrill) on time and within budget. This is the third KFELS B Class rig that Keppel has completed within the first four months of 2006. During the christening ceremony of the jackup on April 21, 2006, Mr Choo Chiau Beng, Chairman & CEO of Keppel Offshore & Marine Limited (Keppel O&M), shared with the 300-strong guests


DG Shipping Recalls 27 ONGC Supply Vessels

The Directorate General of Shipping (DG, Shipping) has asked India’s biggest oil explorer Oil and Natural Gas Corporation (ONGC) to recall 27 of its 46 supply ships for undergoing safety audits immediately. The DG Shipping directive, which could lead to the disruption in oil production, has come within days after an ONGC-chartered ship, Samudrika-10, sunk off the Mumbai coast, killing five people on board. In a notice dated July 11 to ONGC


PPL Shipyard Wins $134M Rig Contract

PPL Shipyard, a subsidiary of SembCorp Marine signed a rig building contract worth $133.7 million with PT Apexindo Pratama Duta Tbk (.Apexindo.), the largest Indonesian oil & gas drilling company for the construction of a Baker Marine Pacific Class 375 Deep Drilling Offshore Jack Up Rig The Baker Marine Pacific Class (.BMC Pacific.) 375 Deep Drilling Offshore Jack Up Rig is a proprietary design developed by Baker Marine Pte Ltd, a


COSL Takes Delivery of New Semisub

COSL’s deepwater semi-submersible drilling rig COSL Prospector delivered

  China Oilfield Services Limited saw successful delivery of the deepwater semi-submersible drilling rig COSLProspector it invested in and commissioned to build in Yantai, Shandong today. This rig has adopted the latest marine engineering design concepts in the world and has mets the world’s most stringent regulations and requirements. It can perform operations in hectic environments. COSLProspector has adopted the world’s most advanced energy management and


GOM Well Fire Addressed

Callon Petroleum Co. reported that all equipment and manpower were in place to bring the fire on its South Marsh Island Block 261 well in the Gulf of Mexico under control. Sunday afternoon Callon experienced a natural gas blowout while drilling the No. 2 test well at Block 261, located about 70 miles south of Lafayette, La. At the time of the incident all personnel were safely evacuated from R & B Falcon Corp. R & B Falcon/Cliffs Drilling Rig No. 153, which was drilling the well


Oil & Gas Sector Growth to Continue to 2012

Record high oil prices have sent the shares of companies in the offshore and marine sectors rallying up an average of 16.5 percent year-to-date. But analysts spoke to say there is still upside potential, citing factors like strong demand for offshore rigs, which may result in the order books of key beneficiaries like Keppel and SembCorp pushing out to 2012 and beyond. The Singapore stock market may have repeatedly tested new highs in recent weeks


Keppel FELS Wins $130M Rig Order

Inking the deal for the second Gulf Drilling rig: (From left) Mr Nobuo Makabe, Deputy Managing Director/General Manager of Gulf Drilling International; Mr Yousif Rashid Al Khater, Managing Director of Gulf Drilling International; Mr Tong Chong Heong, Managing Director/Chief Operating Officer of Keppel Offshore & Marine; and Mr Michael Chia, Executive Director of Keppel FELS. Keppel FELS Limited (Keppel FELS) won a contract to build a $130 million jackup for Gulf Drilling International Ltd


MMS Reports on Ike Damage Assessments

Minerals Management Service (MMS) reports that as of September 15, 2008, 28 of the 3,800 offshore oil and gas production platforms in the have been destroyed by Hurricane Ike. Several other platforms have been reported as significantly damaged; information on those facilities is being compiled and will be released in the near term. Initial estimates are that the destroyed production platforms produced a total of 11,000 barrels of oil per day and 82 million cubic feet of gas per day


Keppel Delivers Jackup to UMW-OG

Photo: Keppel

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered UMW Naga 8, a KFELS B Class jackup rig, to Malaysia’s UMW Oil & Gas Corporation Berhad (UMW-OG). It was completed 32 days ahead of schedule, on budget and with a perfect safety record


Offshore Operators Can Simplify Safety Equipment Logistics

(Photo: VIKING)

Safety equipment manufacturer VIKING Life-Saving Equipment said its Offshore Safety Agreements are providing relief for offshore operators seeking to ensure compliance for their safety equipment with minimal in-house administrative overheads in a new, cost-focused paradigm.  


USN's Fourth MUOS Satellite Launched

The U.S. Navys fourth Mobile User Objective System (MUOS) communications satellite, encapsulated in a 5-meter payload fairing lifts off from Space Launch Complex-41.

  After a two-day delay due to tropical storm conditions, the Navy's fourth Mobile User Objective System (MUOS) satellite launched at 6:18 a.m. EDT from Space Launch Complex 41. MUOS-4, whose signal was acquired approximately three hours after launch


New Energy-saving Windshield on MOL MARVEL

Windshield on MOL’s containership”MOL MARVEL”

  Mitsui O.S.K. Lines, Ltd. today announced that it has started demonstration tests of a new windshield for containerships, which has the potential to reduce wind resistance, save fuel, and reduce CO2 emissions. MOL jointly developed the device with MOL Techno-Trade, Ltd


DONG Hires Maersk Giant

Maersk Giant

  Maersk Drilling has been awarded a new contract for the jack-up rig Mærsk Giant with Danish energy utility DONG Energy. The firm contract covers 150 days of work on the Nini and Siri field in the Danish part of the North Sea. The estimated contract value is USD 16m


Brent Edges Up off Six-Month Low

Chinese exports tumble 8.3 pct, biggest fall in 4 months; Chinese crude oil imports up 4.1 pct in July. OPEC has no plans to hold emergency meeting. Crude oil futures touched multi-month lows on Monday after a weekend of mixed data from China showing higher oil imports in July but weaker trade


SeaCURE BWMS Completes First Stage Testing

Photo: Evoqua Water Technologies

Evoqua Water Technologies has become the first company to complete low salinity (brackish) water testing for ballast water management solutions (BWMS), the company announced today.   As part of United States Coast Guard (USCG) protocols


Retlif Expands Into North Carolina

Independent compliance and testing organization Retlif Testing Laboratories announced it has expanded with a new location in Concord, North Carolina to answer a growing regional need for testing services.   The new laboratory, established after two years of searching for an ideal location


Containerized Fan Room Cuts Required Yard Time

Photo: Heinen & Hopman

In the offshore industry, time is always of the essence. Vessel owners make it a priority to keep the necessary yard visits as short as possible. To contribute to this short time priority, Heinen & Hopman has developed a containerized fan room that can be completely prefabricated and tested


US Drillers Add Rigs for 5th Week in a Row

U.S. energy firms added two oil rigs this week, the fifth week of increases in a row, after U.S. crude prices have fallen about a third from recent highs, data showed on Friday, a sign drillers remain undeterred by low prices.   Reflecting plans announced in May and June, when U.S


Shipping Magnate John Fredriksen Concerned about China

 John Fredriksen. Photo: Twitter

 The turmoil spreading from China is certainly not good for the shipping market, says billionaire John Fredriksen to Bloomberg News.   John, the billionaire who made his fortune investing in crude tankers, said he’s “very worried” on global shipping markets


Bal Seal Adds Low-friction Seals Test Service

Photo: Bal Seal

Test service enhances Bal Seal offering for low-friction seals, verifies friction and leak rate for seals up to 22 in. diameter   A new test service introduced by Bal Seal Engineering, Inc. offers verified performance results for Bal Seal low-friction spring-energized seals used in


CNOOC Profits Nosedives, Eyes South China Sea

Photo: Cnooc Ltd

 Cnooc Ltd., China’s biggest offshore oil and gas explorer, posted a 56 percent decline in profit for the first half of this year.   Net income dropped to 14.73 billion yuan ($2.3 billion), or 0.33 yuan a share, from 33.59 billion yuan, or 0


Keppel Acquires Cameron's Rig Business

Photo: Keppel Offshore & Marine

 Singapore's Keppel Offshore & Marine (KOM), via subsidiary, Keppel Offshore & Marine USA  has inked a deal with Cameron International Corporation, a US-based oil and gas solutions provider, to acquire its offshore rigs business for US$100mln.  


Latest ShipConstructor Update Targets Offshore

With the release of ShipConstructor 2016 R1.1, SSI said it provides additional enhancement for the offshore rig construction market, particularly with regards to weld management. These new features will benefit all shipbuilders, the developer noted






 
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