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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

Vietnam to China: Shift Rig, Abandon Drilling Plans

Vietnam demanded China move a controversial oil rig on Thursday and abandon plans to start drilling in waters where jurisdiction is unclear, the latest sign of festering unease among the two communist neighbours. The $1 billion rig, which was at the centre of a fierce diplomatic stand-off between the countries in 2014, had moved into an area of the Gulf of Tonkin in the South China Sea about which Vietnam said the two countries were still "executing delineation discussions".

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

US Drillers Extend Rig Recovery

The number of rigs drilling for oil in the United States rose again this week, extending its second-best streak of no cuts into a 17th straight week, with analysts expecting more additions as crude prices hold over $50 a barrel.   Drillers added 11 oil rigs in the week to Oct

Maersk Names Fourth Jack-up at DSME

Photo by Maersk

 Maersk Drilling’s fourth XL Enhanced ultra-harsh environment jack-up was named on 14 October at a ceremony held at the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea.   "Maersk Drilling’s fourth XL Enhanced ultra-harsh environment jackup was

Swissco Unable to Make Coupon Payment

Photo: Swissco Holdings

 Singapore-listed offshore firm Swissco Holdings could not pay out a $2.85 million coupon due next Friday and had no plans for its next course of action, says a report in Straits Times.   Bond holders who had each sunk about $250

Transocean Floater Transocean Barents Enters Contract

Transocean Ltd. (NYSE: RIG) announced today that the Transocean Barents, a harsh-environment, ultra-deepwater floater, has been awarded a 15-month contract with Suncor Energy at a dayrate of $260,000. The estimated contract backlog, excluding mobilization, is $119 million

US Rig Count Recovery Hinges on $50 Oil Post-OPEC Meeting

U.S. oil drilling has seen its best quarter since crude prices tumbled two years ago mainly due to small operators returning to the well pad, but analysts say the continued recovery in the rig count depends on whether OPEC's output reduction plan can bring the market back to $50 a barrel.  

BP Decries Deepwater Horizon Film as Inaccurate

Photograph: David Lee/Lionsgate

BP has criticized the new "Deepwater Horizon" film as being an inaccurate Hollywood dramatization of the deadly oil rig disaster in the Gulf of Mexico in 2010. "The Deepwater Horizon movie is Hollywood's take on a tragic and complex accident

Final Legwork Underway to Move Transocean Winner

Final preparations for moving the Transocean Winner rig onto the Hawk vessel are continuing and good progress has been made on the operation in Broad Bay.   The anchors have now been disconnected and the rig is being held on four tugs about half a mile from the Hawk.  

DNV GL Approves Modification for Semi-Submersible Rigs

Photo: COSL Drilling Europe AS

 Following the accident involving COSLInnovator on 30 December 2015, some 100 semi-submersible rigs approved by DNV GL will be reviewed.    Preliminary assessments indicate that a limited number of rigs will be subjected to modifications or operational limitations.  

US Oil Drillers Add Rigs for 11th Week in 12

U.S. drillers this week added oil rigs for an 11th week in the past 12, according to a closely followed report on Friday, although the rate of increases has slowed as crude prices remain below the key $50 a barrel level that spurs a return to the well pad.  

ASRY Reaches 100 Rig Milestone

Photo courtesy of ASRY

ASRY, a ship and rig repair yard in the Arabian Gulf, has welcomed its 100th rig repair job to the yard, as 2016 posts the highest number of rig repair contracts in the yards history. The project is on the high specification jack-up rig ‘Bob Palmer’

Evoqua to Launch Updated MGPS at SMM

Evoqua Water Technologies will launch an updated version of its Chloropac Marine Growth Prevention System (MGPS) at maritime trade show SMM Hamburg on September 6, 2016.   Designed to provide owners and operators with a cost competitive electrochlorination alternative to copper anode

GoM Operators Evacuating Ahead of Storm

Image: NOAA

Offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs in the path of Tropical Depression No. 9.   The Bureau of Safety and Environmental Enforcement (BSEE) said its Hurricane Response Team is activated and monitoring the operators’ activities

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Photo by Krasnye Barrikady Shipyard

 Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling rigs for oil and gas exploration in the Persian Gulf, reports Press TV.  

Onshore Spending on the Cusp of Recovery?

Graph Source: Douglas-Westwood World OFS and OFE Market Forecast Reports Q2 2016

 DW’s recently released quarterly World Oilfield Services Market Forecast (OFS) and World Oilfield Equipment Market Forecast (OFE) continue to suggest 2016 will see the start of a barren period for the offshore OFS and OFE sectors.  

COSCO Delivers PSV and Two Jack-up Rigs


 Cosco (Dalian) Shipyard Co., Ltd., a subsidiary of its 51 percent owned Cosco Shipyard Group Co., Ltd., has delivered two jackups to the Foresight Group of companies through United Arab Emirates-based drilling and rig management services firm Hallworthy International FZC.  

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