Ultra Deepwater
Ocean Rig UDW Inc. Announces Drilling Contract
Nicosia, Cyprus – Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, announced that it has signed a new drilling contract for its semisubmersible drilling rig Eirik Raude with an independent operator, for work offshore West Africa. The expected total backlog to complete the two-well program is estimated at $ 67.5 million for a period of 84 days. The new contract is expected to commence after the rig completes its scheduled 10-year special survey. The customer has the option to extend the contract for one additional well for an estimated duration of approximately 40 days. Ocean Rig owns and operates nine offshore ultra deepwater drilling units, including two ultra deepwater semisubmersible drilling rigs and seven ultra-deepwater drill ships, three of which remain to be delivered to the company during 2013.
Dryships Option to Contruct Four UDW Drillships
DryShips Inc. (NASDAQ: DRYS) a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that it has entered into an agreement with a major South Korean shipyard, for the option to construct up to four ultra deepwater drillships. The new orders would be sisterships of the drillships under construction with further upgrades to the specification. Each of the four options can be declared within twelve months of this
Korean Shipyard Wins Ultra-deepwater Drillship Contract
Samsung Heavy Industries gets $645-million order for advanced capability, ultra-deepwater drill ship Ensco plc has has ordered a new advanced-capability, ultra-deepwater drillship to be built at the Samsung Heavy Industries, Co. Ltd. (SHI) Shipyard in Geoje, South Korea. The vessel, ENSCO DS-8, will be the sixth Samsung DP3 drillship in the Ensco fleet, extending the benefits of Ensco’s fleet standardization strategy
Aker Kvaerner Gets Contract for DeepStar Study
DeepStar, a group consisting of 10 leading deepwater operators, has awarded Aker Kvaerner a contract for a study to develop a semisubmersible production platform for use in coming ultra-deepwater field developments. The study was won in competition with a number of deepwater floater expertise contractors, and Aker Kvaerner was awarded the contract based on the company's leading experience with deepwater floaters. DeepStar wants to get a credible solution for future developments in
Transocean Announces Contract Extension for Deepwater Nautilus
Transocean announced that the ultra-deepwater semisubmersible Deepwater Nautilus has been awarded a minimum three-year contract extension commencing in December 2008 by a subsidiary of Royal Dutch Shell. Under the terms of the amendment extending the term of the drilling contract, Shell has the right to elect, by June 30, 2008, to extend the contract by an additional year, to a total of four years. Estimated contract revenues that could be generated over the three-year or four-year (if
ENSCO International Finalizes Contract
Dallas, Texas-based ENSCO International Inc. reported one of its subsidiaries has entered into a definitive drilling contract for the ENSCO 8502, an ultra-deepwater semisubmersible rig, with Nexen Petroleum USA Inc. The contract calls for a minimum two-year primary in the Gulf, which can be extended to a three- or four-year term. The aggregate day rate revenue for the two-year term is expected to be $340m. The drilling rig is the company’s third of four ultra-deepwater
Deepwater Drillship Chartered Before Delivery
Seadrill contracts with LLOG Bluewater Holdings, LLC, for employment of the new-build drill-ship, 'West Neptune', offshore Gulf of Mexico. The contract duration is a minimum of three years plus an option for a one-year extension at mutually agreed rates. The potential revenue for the primary contract term is approximately US$662 million. The West Neptune is expected to be delivered to Seadrill from the Samsung Heavy Industries shipyard in Geoje, South Korea, in early June 2014
DRYSHIPS INC. Announces Results of Annual General Meeting
DryShips Inc. (the “Company” or “DryShips”), a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services, today announced the results of its 2011 Annual General Meeting of Shareholders (the “Meeting”). The following proposals were approved and adopted at the Meeting: 1. the election of Messrs. George Economou, Harry Kerames and Vassilis Karamitsanis
R&B Falcon Completes Project Financing
R&B Falcon Corporation announced that Deepwater Drilling II, owned by affiliates of R&B Falcon and Conoco, has concluded a $270 million project financing. All proceeds from the project will be used to finance the construction cost of the ultra deepwater drillship, Deepwater Frontier, delivered from Samsung Shipyard in South Korea last March. The 10,000-ft. (3,048 m) water depth capable Frontier has already drilled one well in New Zealand and is currently mobilizing to another location
FOE and KNOC in Deal for Drillship
According to Rigzone, Fred Olsen Energy ASA (FOE) has entered into an agreement of intent with the Korean state owned oil company, Korea National Oil Corporation (KNOC) of South Korea, to request proposals for the construction of a jointly owned new-build ultra deepwater drillship. FOE's wholly owned subsidiary, Dolphin Drilling Ltd., will in case of realizing the project, undertake the technical and commercial operation of the drillship
Lankofirst Trials New Fiber Rope Connectors
Lankofirst said offshore trials of its synthetic fiber rope mooring connector have shown a reduction in mooring line deployment times and improvements in health and safety compared with traditional mooring line plate links and thimbles, reports deepwater mooring rope specialist
Maersk Drilling Fast Out of the Blocks in 2013
Interim financial results for Q1 2013 show a strong start to 2013 by Maersk Drilling. With an increase in profit to USD 146 million in the first quarter of 2013 from USD 123 million in first quarter of 2012, Maersk Drilling has come off to a good start in 2013
Harkand Set to Acquire Veolia Marine Services
Harkand, the international subsea inspection, repair, maintenance and light construction group, announced an agreement to acquire the main assets and business of Veolia Marine Services (VMS). The acquisition will add 150 onshore and offshore staff
GofM Subsea Equipment Order for FMC
FMC Technologies receives subsea equipment order for ExxonMobil's Julia Development field. The Julia field is located in the Gulf of Mexico Walker Ridge area in approximately 7,000 feet (2,100 meter) water depth. FMC Technologies' scope of supply includes six subsea trees
Cargotec Wins €22 Million Order
Cargotec's MacGregor received €22 million order to deliver a 900-ton active heave-compensated (AHC) MacGregor subsea crane to the South Korean shipyard, Hyundai Heavy Industries Co Ltd. The crane will be installed on a 150m multi-purpose offshore construction vessel (MOCV) ordered
Deepwater Heavy Lift Crane Orders for Cargotec
Cargotec's MacGregor contracted by Hornbeck Offshore Services Inc. to deliver 4 AHC cranes for 4 multi-purpose supply vessels (MPSV). The cranes will be delivered between fourth quarter 2014 and third quarter 2015, and the value of the order is EUR 37-million for the four 250-tonne active
Power Below the Waves: ABB Subsea Transformers
ABB has delivered subsea transformers for fields in the North & Norwegian seas & the Gulf of Mexico for operation at depths of up to 2,000 m. Subsea transformers are an ABB innovation. Deployed in extreme conditions in ultra-deepwater
Subsea 7 Orders Heavy Construction Vessel
Subsea 7 S.A. has contracted Korea's Hyundai Heavy Industries (HHI) to build the new ship. The new-building will be one of the most capable heavy construction vessels in Subsea 7’s fleet of over 40 ships, and is due to be delivered in 2016,
Caterpillar Engines Developed for New Liftboat
Cat C280-16 generator sets with an increased power rating have been selected by Jurong Shipyard, to power West Rigel drill rig. The West Rigel is a semisubmersible drilling rig newbuild under construction for North Atlantic Drilling Limited, a subsidiary of Seadrill Limited
GE to Power Seadrill’s West Mira Semisubmersible
GE’s Power Conversion business signed a multimillion dollar contract with shipbuilder Hyundai Heavy Industries (HHI) of Ulsan, South Korea. GE will supply electric power, propulsion systems and drilling drives for a new semisubmersible drilling platform HHI is building for Seadrill Ltd
Maersk Deepwater Rig's Incident Free Year
The crew of the 'Maersk Deliverer' has achieved a ‘One-Year Free of Accidents’ award during operations offshore West Africa. Maersk Deliverer has been operating in six different countries in West Africa for eight different clients over the past two years and is currently on a two year
GE Wins More Than $600m to Expand Brazil’s Pre-Salt O&G Fields
In the last 12 months, GE has won contracts valued at more than $600 million to provide propulsion systems with customers in the pre-salt oilfield expansion off Brazil’s east coast. GE’s systems will power, propel, navigate, position and control drillships and also power and control
U.S.'s Eastern Shipbuilding Christen, Launch Hornbeck OSV
Offshore Supply Vessel (OSV) 'Red Dawn' has been launched from the Eastern Shipbuilding Group's Allanton facility. Attending from Hornbeck was Todd Hornbeck, President & CEO, and Carl Annessa, Executive Vice President & COO, along with 12 senior members of the Hornbeck Team
Maersk Drilling Profit $358-million in 2012, Eye on a Billion
Maersk Drilling release its financial summary statement for year 2012. With high contract coverage for the coming years and the delivery of seven new large rigs in 2013-2015, Maersk Drilling says it is on track towards to reach its target of a profit of USD 1 billion by 2018
Hyundai Heavy Wins Offshore Construction Vessel Order
Hyundai Heavy Industries, the world’s largest shipbuilder, has announced it won an order to build a multipurpose offshore construction vessel (MOCV) from Toisa Ltd. The contract includes an option exercisable by the owner for an additional same class MOCV.