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 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
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. 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
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 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
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
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
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 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.
Wood Group has been awarded a new contract by PetroRio to deliver services to the Polvo A platform, in the southern Campos basin, approximately 100 kilometres off the coast of Rio de Janeiro. Integrated operations and maintenance services will be provided by Wood Group PSN under the two
Norwegian provider of offshore service vessels for the oil and gas industry Farstad Shipping ASA has entered into two charter contracts in Brazil. Both vessels were hired by the Brazilian state-owned oil and gas company Petróleo Brasileiro, more commonly known as Petrobras.
GE Canada announced it recently extended a contract with Public Services and Procurement Canada to provide maintenance and logistics support services for a 15th year. The contract covers the Royal Canadian Navy’s (RCN) fleet of LM2500 aeroderivative gas turbines that power Halifax-class
Wood Group has secured an extension to continue to support Chevron Upstream Europe across four offshore assets in the North Sea. Wood Group PSN (WGPSN) will deliver operations and maintenance services to the Alba Northern platform, Alba floating storage unit, Captain floating production
Offshore drilling company Seadrill Limited said it has exercised its right to cancel the contract for the construction of the West Mira drilling unit following builder Hyundai Heavy Industries Co Ltd.’s inability to complete the project on deadline.
Inchcape Shipping Services (ISS) announced it has won a new hub agency contract for the Asia-Pacific with LNG energy giant, Cheniere Energy. Under the two-year contract, ISS will manage approximately 100 port calls annually for Cheniere Energy across the Asia-Pacific
BMT Designers & Planners, Inc. (BMT), an operating company of BMT Group Ltd, an international design, engineering and risk management consultancy, announced it has won a three-year contract to support the U.S. Navy’s environmental and conservation programs.
A new rule is being proposed by central government India, under which importers will have to give half of their freight business to local shipping firms. The government is proposing a law for importers to sign 5-year contracts with local shipping firms.
Gulf Coast Shipyard Group (GCSG) has delivered Harvey Power, the second LNG vessel operating in the United States—for Shell Upstream America’s deep water operations in the Gulf of Mexico—is fully in service. She is the second of six LNG OSVs being built for Harvey Gulf
Global Ship Lease (GSL) has reported negative result for the third quarter of the year mainly due to impairment charges related to two vessels. Company reported revenue of $42.18 million. The estimated revenue was of $39.92 million. Earnings per share were $0.08
Lithuania's parliament on Tuesday approved amendments which will allow the Baltic state to re-sell liquefied natural gas (LNG) on the international markets, the energy ministry said. The current laws require the country's regulated energy and heat producers to buy at least 540 million
Qatar-based natural gas producer RasGas will not penalise Petronet LNG for lower offtake of the fuel, says a report by PTI. Qatar has agreed to waive $1 billion penalty on India for breaking a long-term LNG contract, and has also consented to change the pricing formula to reflect
Transocean Ltd. announced today that the harsh-environment semisubmersible Henry Goodrich was awarded a two year contract with Husky Oil Operations Limited offshore Canada at a dayrate of $275,000. The estimated contract backlog excluding mobilization is $200 million
Alphatron Marine has signed a three-year global maintenance agreement with Van Oord to maintain and support all navigation and communication equipment on its entire fleet of more than 80 vessels. Van Oord, a world company specializing in dredging
Statoil has awarded two new, long-term contracts with estimated value of NOK 11 billion for insulation, scaffolding and surface treatment services to Beerenberg Corp AS and Prezioso Linjebygg AS. They will provide services to 20 of the company’s 29 installations on the Norwegian