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Ultra-Deepwater Cajun Express Contract

Transocean Ltd. (NYSE:RIG) announced that the Board of Directors of Petroleo Brasileiro S.A. (Petrobras) has approved the award of a three-year contract for the ultra-deepwater semisubmersible rig Cajun Express for operations in Brazil. Petrobras has the right within one year of contract execution to convert the three-year contract to a five-year contract. Estimated contracted revenues related to the three-year contract term and five-year contract term, if elected, are approximately $558.5m and $894.3m, respectively, depending on the date of execution of conversion. Estimated contract revenues represent the maximum amount of revenues that may be earned in the firm contract period, excluding revenues for mobilization, cost escalations, customer reimbursed equipment and miscellaneous adjustments. The contract term is expected to commence in the first quarter of 2010 following the completion of the rig's current contract. The approved contract is expected to be executed by subsidiaries of Petrobras and Transocean at least 90 days prior to the rig's arrival in Brazil.


Servomex Receives Multi-Year Contract

Servomex has been granted a multi-year contract to provide its Xentra 4100 Gas Purity Analyzer to Praxair of Tonawanda, N.Y. The Xentra analyzer, which measures trace levels of carbon dioxide, comes equipped with a patented gas filter correlation infrared bench. The primary application of the product will be the monitoring of very low levels of carbon dioxide dissolved in liquid oxygen inside the main condensers of cryogenic air separation plants


Transocean Wins Contracts for Rigs

The Transocean Leader, a fourth-generation, deepwater semi-submersible rig, won a one-year contract from Statoil ASA for exploration and development drilling operations offshore Norway. The Transocean Leader is expected to commence the contract by September 2007, in direct continuation of the rig's current contract, also with Statoil in Norway. Expected revenues are approximately $133 million. Additionally, Oil and Natural Gas Corporation Ltd


Transocean Fleet Status Report Update

Company drillship: Photo courtesy of Transocean

International provider of offshore contract drilling services for oil and gas wells, Transocean Ltd. has issued the report which provides the current status and contract information for the company's entire fleet of offshore drilling rigs. The total value of new contracts since the September 18, 2013 Fleet Update Summary is approximately $2.0 billion. As announced earlier, the company has been awarded a five-year drilling contract for a newbuild dynamically positioned ultra-deepwater


Transocean's Latest Rig Fleet Update

Polar Pioneer: Photo courtesy Transocean

Transocean inform that the total value of new contracts since the September 18, 2013 Fleet Update Summary is approximately US$2.0-billion. The company has been awarded a five-year drilling contract for a newbuild dynamically positioned ultra-deepwater drillship by Chevron U.S.A. Inc. Shipyard delivery is scheduled for the second quarter of 2016. After customer acceptance, the contract is expected to commence in the fourth quarter of 2016 at a dayrate of $599,000


Transocean Inc. to Reactivate Semisubmersible Rig C. Kirk Rhein

Transocean Inc. said that Reliance Industries Limited has awarded a two-year contract for the semisubmersible rig C. Kirk Rhein, Jr. for drilling operations offshore India. The contract is expected to commence in December 2006 following the completion of a reactivation program, which has recently begun. The reactivation program does not involve an upgrade of the rig's current capabilities. Revenues that could be generated over the two-year contract period total an estimated $248 million


O'Gara Wins Navy Satellite Deal

SatCom Group Holdings PLC, a reseller of mobile satellite communications, said its subsidiary O'Gara Satellite Systems Inc has won a 5-year contract, worth 10m in the first year, from the US government to supply satellite airtime to the US Navy. O'Gara, which is one of the five companies in the world certified as a Defense Information Technology Contracting Organization (DITCO) awardee, won the contract following a tender


Saudi Signs Port & Shipyard Contracts

Saudi Ports sign contracts for upgradilng ports & rents out shipyard The Saudi Ports Authority has signed contracts worth s total $130 million for develpment and maintenance of ports including: King Abdul Aziz Port in Damman, King Fahd Industrial Port in Yanbu for use of Yasref refining company. In addition a 10-year contract was signed with Al=Balagha Trading Group for the rental of King Fahd Shipyard.  


Island Offshore Extends Contract with BP

Photo: Island Offshore

Island Offshore has been awarded a major contract extension with BP Exploration Operating Company Ltd. The two-year contract extension, covering 2014 and 2015, has been awarded to Island Offshore and the North Sea RLWI Alliance, which operates three monohull vessels specially designed for well intervention tasks. Island Offshore’s Island Constructor - a 120m long, 8,200 ton, Ulstein built X-Bow vessel – will perform the scope of work for the client.


Statoil Awards Rig Contract to Dolphin AS

Statoil has awarded a contract to Dolphin AS and a letter of intent to Seadrill for two rigs which will operate on the Norwegian continental shelf (NCS). The Bideford Dolphin rig has won a three-year contract with start-up from 27 January 2011. The contract is worth about $421m. Statoil has an option to extend the contract from three to four years by 1 November 2010. The value of the contract will then increase to about $553m. Dolphin AS is a wholly-owned subsidiary of Fred Olsen Energy ASA


GE Contracted to Service Australian Navy Frigates

LM2500 (Image: GE)

GE has signed an in-service support contract with the Australian Defense Materiel Organization’s Maritime Cross-Platform Systems Program Office.  Under the contract, GE will provide maintenance and logistic support services for the Royal Australian Navy’s (RAN) GE LM2500


Imports Rising as West Coast Ports Recover

File photo: MARAD

Import cargo volume at the nation’s major retail container ports is expected to rise 8 percent this month over the same time last year as West Coast ports continue to recover from a backlog of cargo that built up before a tentative new labor agreement was signed


Lithuanian Energy Group Calls for Rule Change on LNG Imports

Lithuania's state-owned energy group Lietuvos Energija said on Monday national rules had to be changed to allow it to sell some liquefied natural gas (LNG) cargoes it had contracted from Norway's Statoil in the global market as domestic demand falls.  


Building the World’s Largest 4G Offshore Network

Image: MCP

Statoil has chosen Maritime Communications Partner (MCP) to deploy and operate its high speed 4G-network on the Norwegian Continental Shelf (NCS). Statoil and MCP have signed a six-year contract with an option to extend for another four years


Long Beach Mayor, Port Leaders in Europe

Long Beach Mayor Robert Garcia

  Long Beach Mayor Robert Garcia is leading a Port of Long Beach delegation on a weeklong business development trip this week to meet with executives at the European home offices of the world’s three largest shipping lines. The group will update Port customers on the impact of the


Lithuania Looks to U.S. for Gas

Lithuanian liquefied natural gas (LNG) importer Litgas has signed a preliminary agreement with a U.S. supplier, looking to lessen the Baltic nation's dependence on Russia. Litgas said on Friday it had signed a memorandum of understanding (MOU) with Delfin LNG


Van Oord, Falck Ink Safety Training Deal

From left to right: Tjerk Suurenbroek, Commercial Director Falck Safety Services; and John Knoesten, Director Personnel & Organization Van Oord (Photo courtesy of Falck Safety Services)

Van Oord has signed a two year contract with Falck Safety Services for the provision of safety training.   Van Oord, a contractor for dredging, marine engineering and offshore energy projects, including oil, gas and wind, said it has invested in a trainee program for its employees for many


BP Exported Super-Light Texas Crude

BP Plc exported nearly 670,000 barrels of minimally processed super-light crude oil from the Houston Ship Channel more than a week ago, according to ClipperData, an industry firm that tracks crude movements. The 667,638-barrel cargo left Enterprise Products Partners' ship channel docks - part


Refinery Strike Affects One-Fifth of U.S. Capacity

The largest U.S. refinery strike in 35 years entered its fourth week on Sunday as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket lines. Sources familiar with the negotiations said talks may resume by mid-week to end the walkout by 6


Maersk, BP Agree to 5 Year Offshore Rig Training Contract

The view into the dome simulator (Photo courtesy of Maersk Training)

Maersk has signed a five year contract with BP to provide offshore oil rig training at the virtual reality training center the company is currently building in Houston, the companies announced today. Maersk Training will provide BP with advanced training programs for offshore drilling teams at


DeepOcean Deep Water Operations in Brazil

DeepOcean WCROV in deepwater operations Photo: DeepOcean

DeepOcean was established in 1999 and is dedicated to subsea services and operations in deep waters, able to take on deep-water assignments anywhere in the world. The company is an integrated service provider for the subsea industry. DeepOcean has a global track record of subsea services including


Vard Delivers PSV to Simon Mokster for Arctic Ops

Pic: Simon Møkster Shipping

 A Fincantieri unit Vard Aukra has delivered the LNG-powered PSV, Stril Barents to Simon Møkster Shipping. The LNG-powered platform supply vessel is built for operations in arctic areas and will start working for Eni at the Goliat field in the Barents Sea on a ten-year contract.


MCP Inks Mobile, Internet Deal for 33 Carnival Ships

Frode Støldal (Photo courtesy of MCP)

MCP has signed a long-term contract with Carnival Corporation to provide 33 cruise ships with advanced mobile cellular communication services. The agreement provides close to 130,000 people each day mobile voice, texting (SMS) and data (mobile internet) coverage while at sea.  


Bibby Subsea Inks Contract with Bordelon Marine

 Andrew Duncan, President and Managing Director of Bibby Subsea (image: courtesy Bibby Offshore)

Bibby Offshore’s Houston-based division, Bibby Subsea has signed a three year contract with Bordelon Marine to charter a new vessel. The Brandon Bordelon is an ultra-light intervention vessel (ULIV) and will commence a three year charter in August 2015 primarily operating in the Gulf of


BW Offshore Lands FPSO Contract Extension

BW Offshore has received a one year contract extension for the lease and operation of the FPSO Umuroa operating on the Umuroa field offshore New Zealand for AWE.   Under the extended contract, the firm period has been extended from Q4 2015 to Q4 2016






 
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