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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 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


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


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


Technip Signs Contract With ExxonMobil Global

Technip USA Corporation has signed a multi-year contract with ExxonMobil Global Services to provide front-end engineering services. Technip will provide engineering services to ExxonMobil’s Baytown refinery and chemical plants as ExxonMobil implements its programs to significantly reduce its NOx emissions and contributes to the Houston-Galveston-area efforts to attain air quality standards. Techinip has been involved in Nox abatement projects since the 1980s in


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.


OSRCL Inks Maintanence Deal with Wood Group

Courtesy Wood Group Kenny

  Wood Group Kenny (WGK) has secured a five year contract with Oil Spill Response (Capping) Ltd (OSRCL) to provide the maintenance support for a key part of a containment toolkit that would be used to control hydrocarbon release in the event of a subsea well control incident.  


Mitsui Charters Eight LNG Newbuild

LNG carrier LNG Pioneer. Photo:  Mitsui Lines

 Mitsui & Co. has signed a 25-year time charter deal with Trinity LNG Transport for the eight liquefied natural gas (LNG) carrier that will ship the liquefied natural gas from Cameron LNG project in the United States.   “Mitsui has newly contracted yesterday the eighth ship


Siem Sells “Siem Sasha”

Car Carrier CSAV Rio Grande. Pic by Siem Shipping

 Norwegian company Siem Offshore has sold the platform supply vessel (PSV) “Siem Sasha”.  It has delayed delivery of four of the nine platform support vessel (PSV) newbuildings it has under construction in Poland.  


Vale Concludes Sale of VLOCs to Cosco

Vale Brasil. Photo by Vale

 Brazilian miner Vale has completed the sale of four other large iron ore carriers to China Ocean Shipping Company (Cosco), which was agreed last September.    This transaction is related to the agreement signed with Cosco on September 12, 2014.  


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


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


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


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.  


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


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


Kongsberg Maritime to Equip Yinson Genesis FPSO

Image:  Kongsberg Gruppen

 Kongsberg Maritime has been selected to supply a complete Electrical, Instrument and Telecom solution, including E- house, for the new Yinson Production (West Africa) Pte Ltd FPSO, ‘Yinson Genesis’.    According to the company


Rolls Royce Awards Fiber Rope Contract to Cortland

Photo: Cortland

Cortland’s BOB rope helps reduce operating costs and improve installation time   Cortland announce the recent award of a patented BOB 12x12 Fiber Rope by Rolls Royce for use on its next Fiber Rope Deployment System (FRDS), which is based on their patented Cable Traction Control Unit


ENSCO 110, ENSCO 104 Contracted for UAE & M.E.

ENSCO  104

  Ensco plc has entered into a three-year contract with NDC for a new premium jackup, ENSCO 110. This newbuild rig is scheduled to commence operations later this month offshore United Arab Emirates at a rate of approximately $114,000 per day.


Imports Settling Down After Surge to Clear Backlog

File photo

Import cargo volume at the nation’s major retail container ports is returning to normal levels as officials prepare to count votes on ratification of a new West Coast labor agreement that ended months of uncertainty, according to the monthly Global Port Tracker report released today by the


Zamakona Delivers New Ship to Atlantic Offshore

Photo: Zamakona Yards

Norwegian shipping company Atlantic Offshore A.S. took delivery of new offshore multipurpose vessel Ocean Falcon from Zamakona Yards at the builder’s facilities in Pasajes, San Sebastián.   Ocean Falcon is the third and final vessels in a series built by Zamakona for Atlantic






 
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