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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.


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


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


Transocean Sets World Water-Depth Drilling Record

transocean.bmp

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".


Transocean Provides Fleet Status Report

Photo: Transocean Ltd

 Transocean, the world's leading offshore drilling contractor with 61 rigs in its fleet, has issued a Fleet Status Report that provides the current status of and contract information for the company's entire fleet of offshore drilling rigs.   


CO2 Emissions for Every Ship for Every Hour!

Map:  UCL Energy Institute

 Researchers at UCL Energy Institute use the methodology they developed for the Third IMO GHG Study 2014 and AIS data to estimate emissions from five different ship types and display this in a new interactive map that plots 250 million data points to show the movements of the world’s


Ocean Rig buys Cerrado drillship

Photo: Ocean Rig

 Cyprus-based Ocean Rig has stepped in to buy the sixth generation ultra-deepwater (UDW) drillship Cerrado, which once drilled the giant Libra prospect offshore Brazil, following its owner Brazil-based Schahin Group bankruptcy declaration last April.  


Keppel Acquires LeTourneau

Keppel Offshore & Marine (Keppel O&M), through its wholly owned subsidiary, Keppel Offshore & Marine USA, Inc., has completed the acquisition of Cameron International Corporation's offshore product division, which comprises the LETOURNEAU jackup rig designs, rig kit business


Norwegian Shipowners Face Cash Crunch

We expect that about half of the Norwegian rig fleet and every sixth Norwegian-controlled offshore vessel will not be employed as we approach summer this year. This is a serious situation, the CEO of the Norwegian Shipowners Association, Sturla Henriksen, told Reuters. (Photo courtesy: www.rederi.no)

 Access to capital for cash-hungry Norwegian offshore shipowners is expected to tighten further as lower activity and falling profits continue in 2016, the Norwegian Shipowners' Association said in its yearly outlook report on Tuesday.


US Judge Approves BP Civil Settlement with US Government over 2010 Spill

(Photo: Casey Ware)

U.S. Judge Carl Barbier granted final approval on Monday to BP Plc's civil settlement over its 2010 Gulf of Mexico oil spill after it reached a deal in July 2015 to pay up to $18.7 billion in penalties to the U.S. government and five states.


Wärtsilä Ship Design for Offshore Maintenance Vessel

Trinity- The new jack-up lift vessel is designed by Wärtsilä. Image by Wartsila

Wärtsilä has been awarded the contract to provide the design for a new jack-up lift vessel. The contract was signed in March with a well known Chinese yard and there is an option for three more vessels. The Wärtsilä design is developed in collaboration with Altis


China Rebuffs Vietnam Criticism of Rig Move

China's Foreign Ministry on Friday rebuffed Vietnam's second demand this year to move a controversial oil rig and drop plans to drill in South China Sea waters where jurisdiction is unclear, saying it was engaging in normal exploration activity.


US Oil Drillers Cut Rigs to Nov 2009 Lows

U.S. energy firms cut oil rigs for a third week in a row to the lowest level since November 2009, oil services company Baker Hughes Inc said Friday, as energy firms keep slashing spending despite crude futures prices jumping roughly 50 percent  since hitting a near 13-year low in February.


Inaugural Meet of Nautical Institute (Singapore)

Captain Robert McCabe Photo NI

The Nautical Institute (Singapore) has been established as a branch of The Nautical Institute, the international professional organisation for maritime professionals. It will hold its inaugural meeting in the Republic during Maritime Week.


Six Years after BP Spill, US Sets New Offshore Oil Safety Rules

Gas from the damaged Deepwater Horizon wellhead is burned by the drillship Discoverer Enterprise in May 2010, in a process known as flaring. (U.S. Coast Guard photo by Patrick Kelley)

The Obama administration on Thursday unveiled new oil well control rules to prevent the kind of blowout that happened six years ago on a BP Plc rig in the Gulf of Mexico.   The Interior Department's Bureau of Safety and Environmental Enforcement announced the finalized regulations


US Oil Rig Count Falls to November 2009 Lows

U.S. energy firms cut oil rigs for a fourth week in a row to the lowest level since November 2009, oil services company Baker Hughes Inc said on Friday, as energy firms keep slashing spending despite a more than 50 percent jump in crude futures since hitting a near 13-year low in February.


Keppel's Profit Nosedives

Photo: Keppel Corp

 Keppel Corp., the world’s largest builder of oil rigs, posted a 41 per cent fall in quarterly profit, its fourth straight decline, as offshore and marine segment revenue slumped because of the deferment of some projects and suspension of contracts related to Sete Brasil.  


Aqualis Offshore and CSDC Join Forces

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)


Oceaneering Wins NOIA Safety Award

NOIA Awards Image NOIA

The National Ocean Industries Association (NOIA) today named Oceaneering International, Inc. as the recipient of the 2016 Safety-in-Seas (SIS) Safety Practice Award.  Kevin McEvoy, CEO of Oceaneering International, accepted the award at the NOIA annual meeting in Washington, DC.  






 
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