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Water Rig

ABB Unit Awarded Deep-Water Drillship System

The U.S. leg of ABB has won a $15 million contract for construction of a riser system for a new build drillship designated to operate in up to 10,000 ft. of water. With a scheduled delivery sometime during the second quarter of 2000, Saipem SPA of Milan, Italy granted this right to ABB Vetco Gray with construction to be done at Samsung Yard in Korea. The rig will incorporate both standard equipment, as used in most deep water rigs, as well as specific components that will be adjusted to comply with specific requirements. The 3.5 million pound rig will be outfitted with an advanced high capacity riser connector to handle its large size.

Singapore Shipyard Contracted for Ultra-deepwater Drill Rig

Photo courtesy of Sembcorp Marine

Sembcorp Marine, Jurong Shipyard gets US$ 568-million contract for semi-submersible deepwater rig for North Atlantic Drilling Ltd. The new rig will be constructed based on the Moss Maritime CS60 design – an enhancement of the Moss Maritime CS50E MKII harsh-environment ultra-deepwater semi-submersible rigs West Pegasus and West Leo which were delivered by Jurong Shipyard to Seadrill in March 2011 and January 2012 respectively

Aker Marine Sets New Mooring Water Depth Record

Aker Marine Contractors, Inc. (AMC), working under contract to Vastar Resources, Inc., recently set a new world water depth record for conventionally-moored drilling rigs using onboard mooring systems. Working in Mississippi Canyon Block 127, AMC secured Diamond Offshore drilling rig Ocean Victory by utilizing the rig's eight drag embedment, high holding power (HHP) anchors in water depths up to 5,800 ft. The rig itself was located in 5,423 ft water depth.

Aker Marine Sets New Mooring Water Depth Record

Aker Marine Contractors, Inc. (AMC), working under contract to Vastar Resources, Inc., recently set a new world water depth record for conventionally-moored drilling rigs using onboard mooring systems. Working in Mississippi Canyon Block 127, AMC secured Diamond Offshore drilling rig Ocean Victory by utilizing the rig's eight drag embedment, high holding power (HHP) anchors in water depths up to 5,800 ft. The rig itself was located in 5,423 ft water depth.

DryShips Takes Delivery of First Newbuilding Drillship

DryShips Inc. (NASDAQ: DRYS) announced that its 78% owned subsidiary Ocean Rig UDW Inc. took delivery of its newbuilding drillship, the Ocean Rig Corcovado. The Ocean Rig Corcovado is the first to be delivered of the four sister drillship vessels that are being constructed at Samsung Heavy Industries. The construction of all vessels is progressing well and according to schedule. The vessels are sixth generation advanced capability ultra-deep water drillships

CIMC Raffles Starts Norway's Semisub Construction

CIMC Raffles starts Norway semisub

Chinese semi-submersible rig specialist CIMC Raffles has kicked off construction of a deep-water unit destined for operation in Norway’s North Sea and other challenging regions such as the Arctic and Barents Sea.Construction started yesterday. Beacon Atlantic, built for Norway’s rig player North Sea Rigs to the GM4-D design, will be capable of operating in water depths of 500 metres with drilling depth up to 8000 metres.

Transocean Sets World Water-Depth Drilling Record


Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that the ultra-deepwater drillship Dhirubhai Deepwater KG2 has set what the company believes is a world record for the deepest water depth by an offshore drilling rig of 10,194 feet of water while working for Reliance Industries offshore India. The rig, which is owned by a joint venture with Quantum Pacific Group, surpassed Transocean's prior record of 10,011 feet of water

BP Exercises Option for Leiv Eiriksson

Ocean Rig announces that BP Exploration (Angola) Limited has exercised the 4th option well under the present contract in Angola for Leiv Eiriksson. This well, which will last for an estimated 50 days, will be drilled in a sequence with the previously announced third option under the contract, together estimated to employ the rig until early December 2003. Ocean Rig owns and operates two of the worlds largest and most modern drilling-rigs

Diamond Offshore Completes Rig Acquisition

Diamond Offshore Drilling Inc. reported that its subsidiary, Diamond Offshore Drilling Limited, completed the previously announced acquisition of the third-generation semisubmersible drilling rig West Vanguard. The rig, purchased for $68.5 million, has been renamed Ocean Vanguard. In accordance with the sales agreement, the rig has been bareboat chartered to the seller for the completion of ongoing work in Norway. Diamond Offshore is a leader in deep water drilling

Keppel to Make its Mark in Qatar

Keppel FELS, a wholly-owned subsidiary of Keppel Offshore and Marine Ltd, will deliver its first Jack Up Drilling Rig ahead of schedule by the end of this year to Qatar's national drilling company, the Gulf Drilling International (GDI), the company's officials announced in Singapore recently. Built to Keppel's proprietary KFELS B Class design, the first rig has been named Al Khor, after one of Qatar's historical cities which has contributed to the development of Liquefied Natural Gas

Seadrill Hopes to See Market Turn in 2017

Photo: Seadrill

Offshore rig driller Seadrill is facing another two years in the doldrums but hopes the international rig market could turn around in 2017.   Rig rates have more than halved since the peak two to three years ago and in several cases are now below breakeven costs.  

Eni Arctic Service Rig Extension Okayed

Italian oil company Eni has received permission from Norway's Petroleum Safety Authority to extend the use of a service rig on its troubled Arctic Goliat oil field offshore Norway until Nov. 30, the regulator said on Thursday. The Floatel Superior rig is used to house hundreds of crew members

Sailing Cargo Vessel Prepares for Maiden Trip

Nordlys with crew and cargo on board, ready to set sail (Photo: Fairtransport)

Sustainable shipping company Fairtransport informs it will bring a second engineless sailing cargo vessel into service September 26, 2015.   The wooden ship, Nordlys, which is Norwegian for “Northern Light,” is a ketch rigged trawler built in 1873 at the Isle of Wight

LGH Expands Equipment Rental Fleet

Image: LGH

Lifting Gear Hire (LGH), a company providing lifting and moving equipment for rent and sale, announced the addition of several new products to its equipment rental fleet.   Joining the company’s rental portfolio is a 4x4x2 Gated Material Basket, as well as several new rigging rollers

US Oil Drillers Cut Rigs for Third Week on Weak Crude Prices

U.S. energy firms cut oil rigs for a third week in a row this week, data showed on Friday, a sign the latest crude price weakness was causing drillers to put on hold plans announced several months ago to return to the well pad.   Drillers removed 8 rigs in the week ended Sept

US Oil Drillers Cut Rigs as Crude Prices Collapse

U.S. energy firms cut a surprisingly sharp 13 oil rigs this week, the first drop in seven weeks, as a renewed slump in prices this summer forced drillers to make a second round of cut-backs.   The decline erases weeks of small gains and brings the total to the week ending Sept

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

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

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.  

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

Researchers Prepare Oceanic Trash Clean-Up Plan

Researchers returned on Sunday from mapping and sampling a massive swirling cluster of trash floating in the middle of the Pacific Ocean, as the Dutch-borne crew works to refine a clean-up strategy it will roll out globally. The crew of the Ocean Cleanup, backed by volunteers in sailboats

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

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

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

Dryships Post 2Q Loss

George Economou, Chairman and Chief Executive Officer

  DryShips Inc. an international provider of marine transportation services for drybulk and petroleum cargoes, and through its affiliate, Ocean Rig UDW Inc., or Ocean Rig, of offshore deepwater drilling services, today announced its unaudited financial and operating results for the second

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