Diamond News

Esgian reports various drilling contractors disclosing details of discussions with Saudi Aramco regarding jackup contract suspensions in its Week 14 Rig Analytics Market Roundup. These contractors include Shelf Drilling, ADES, Borr Drilling, Arabian Drilling, COSL, and ARO Drilling.Meanwhile, Transocean, Noble, and COSL rigs have firmed up new work in the US Gulf of Mexico, Suriname, and the North Sea, respectively.Report overview:ContractsShelf Drilling has received a notice of suspension of operations on four jackup rigs from a customer in the Middle East.

Singapore-based Seatrium has secured a series of major contracts for vessel repairs, upgrades and conversions, set for completion by the end of 2025.With an aggregate value of S$350 million ($259 million), the contracts have reinforced Seatrium’s reputation as a one of the market leaders in vessel repairs, upgrades and conversions.The diverse range of complex contracts secured by Seatrium Repairs and Upgrades include the upgrades and conversions of Floating Storage Regasification Units (FSRU)…

Esgian reports fresh finds confirmed in Guyana, China and Norway in its Week 12 Rig Analytics Market Roundup.Report Outline:ContractsDolphin Drilling has announced the award of a $154 million drilling contract from India's exploration and production company, Oil India Limited (Oil India), to the 6,000-ft semisub Blackford Dolphin.Malaysian offshore drilling firm Velesto confirmed Friday it had recently secured long-term contract extensions for three of its jackup rigs with Petronas Carigali…

Esgian reports that drilling contracts have been announced this week for operations in Brazil and the Philippines, and new discoveries have been confirmed in the UK and Namibia in its Week 11 Rig Analytics Market Roundup.ContractsCOSL Drilling has emerged as the winner for Petrobras' moored semisubmersible tender with the 4,600-ft Nanhai 8 (also known as Nan Hai Ba Hao).Noble has secured a high-dayrate drillship contract with Prime Energy in the Philippines.Drilling Activity and…

Esgian reports rig-related updates from Dolphin Drilling, Diamond Offshore, and Seadrill in its Week 9 Rig Analytics Market Roundup.Report Outline:ContractsDespite Tullow Oil’s recent announcement that it would take a break from drilling offshore Ghana, Noble Corp. has stated that there has been no contract termination announcement and that its 12,000-ft drillship Noble Venturer is currently still contracted to Tullow into March 2025.Masirah Oil Ltd has signed a rig contract with…

Esgian's last roundup of the year for the Week 52 puts spotlight on new developments for Dolphin Drilling semisub, Seadrill drillships, as well as Shell’s plans for Australia and ONGC’s new tender for jackups in India.ContractsDolphin Drilling has signed a Letter of Intent (LOI) with an undisclosed operator for the 1,500-ft semisubmersible Borgland Dolphin to undertake a 500-day drilling campaign in the UK. The drilling campaign is planned to begin directly after the firm part of the contract period with EnQuest, which was announced in late November 2023.

Analysts and commentators are quick to point out that fossil fuels will power maritime equipment, and indeed dominate the fueling marketplace, well into the future. However, they will do so alongside new fuels, and new technologies, that will be introduced to the maritime sector in the coming years. In its September, 2023 report “Beyond the Horizon: View of the Emerging Energy Value Chains”, the American Bureau of Shipping (ABS) explains that, “During the recent 80th meeting of the Marine Environment Protection Committee (MEPC 80)…

The November edition of Marine News magazine highlighted a selection of the most notable American newbuilds delivered of 2023—from a first-of-its-kind green towboat, to the lead vessel in a series of game-changing ships to train U.S. mariners.Empire StateAs the lead vessel in a series of five new training ships being constructed to serve America's state maritime academies, Empire State is easily one of the most important U.S.-built vessels delivered in recent memory.Built by Philly Shipyard for the U.S.

Seattle-based deck machinery company Markey Machine said it has recently secured a contract from Bollinger Mississippi Shipbuilding for winch refurbishment aboard NOAA research vessel Ronald H. Brown. The three Markey oceanographic winches that have been aboard for 27 years will receive varied upgrades.“NOAA is working to maximize the service life of each of its vessels, in part by investing in mid-life repairs,” said Jamie LeCompte, NOAA Ship Ronald H. Brown project manager.

Annapolis, Md. boatbuilder Ocean Craft Marine has delivered a new law enforcement boat to the Black Diamond Police Department in Black Diamond, Wash.The 6.5-meter aluminum police boat is primed to tackle a wide range of tasks, including search and rescue operations, surveillance and law enforcement activities. It is equipped with cutting-edge navigational systems, state-of-the-art communication tools and specialized law enforcement equipment, the builder said."The addition of…

Speakers from the vanguard of maritime digitalization will be joined by the first British astronaut and science communicator Helen Sharman at the Connected Future Conference during London International Shipping Week (LISW) 2023.Moving from smart talk to practical solutions and bringing stakeholders together will be the key themes of an industry event organized by Inmarsat, a Viasat business, in partnership with Smart Maritime Network. Staged at Inmarsat headquarters on September 12…

The United States' first plug-in hybrid electric inland towing vessel was christened at a ceremony in Houston on Friday as the commercial marine industry continues to implement new technologies to reduce its environmental footprint.Kirby Inland Marine's Green Diamond will be time chartered by Shell Trading (US) Company, which will use the vessel to push barges throughout the Houston port region. According to Kirby, the vessel can achieve an estimated 80% reduction in fuel use and related emissions.“We are excited to be the first to market with a plug-in hybrid inland towing vessel…

James Fisher and Sons plc and Uptime International have signed a memorandum of understanding to partner for the use of motion compensated gangways in the development of the pioneering Ulstein SX221 Diamond SOV. The duo said that the agreement would ensure the safety and efficiency of offshore personnel through autonomous and intelligent operations.The news is related to the Diamond Consortium’s ULSTEIN SX221 Diamond SOV concept, announced in June 2022. With James Fisher representing the Diamond Consortium…

The first liquefied natural gas (LNG) vessel arrived on Friday at Freeport LNG's long-idled export plant in Texas since the facility shut in a fire in June last year, according to ship tracking data from Refinitiv.The vessel Kmarin Diamond is operated by a unit of oil major BP, one of Freeport's big customers, according to several vessel tracking services.News of the vessel's arrival helped boost U.S. natural gas futures by over 5% in post-settlement trade on Friday as the second biggest U.S. LNG export plant will consume a lot of gas once it starts production again.The contract had closed at a 25-month low earlier in the week due mostly to mild weather and low heating demand.Freeport has said it would soon start sending gas to one of the plant's three liquefaction trains…

At least one liquefied natural gas (LNG) vessel gave up on Freeport LNG's export plant in Texas by Thursday after a growing number of analysts and other sources said the facility would likely not exit its seven-month outage until February or later.The Wilforce vessel, which was expected to reach Freeport in late January, changed its destination to Spain, according to ship tracking data from Refinitiv.Last week, at least two vessels, Elisa Larus and Corcovado LNG, also changed their destinations from Freeport to other ports.Although Freeport LNG on Thursday said that the plant is still on track to restart in the second half of January…

Prices in the most volatile segment of ocean shipping are collapsing, but top retailers like Walmart and Home Depot should not expect relief until the spring contract renegotiation season, industry experts said.Spot rates, which cover anywhere from 10% to 40% of ocean container shipments and are considered a key indicator of the industry's health, are in free fall as recession looms and the pandemic-fueled U.S. import bubble deflates.The cost to send a container from Asia to the United States on the demand-sensitive spot market has tumbled more than 80% from its September peak above $20…

Offshore drilling firms Seadrill Limited and Aquadrill (ex-Seadrill Partners) on Thursday announced a definitive merger agreement under which Seadrill will acquire Aquadrill in an all-stock transaction. When the transaction is completed, Seadrill shareholders and Aquadrill unitholders will own 62% and 38% of the common shares in the new company, respectively. Based on Seadrill's 30-day volume-weighted average share price of US$31.25 on the NYSE as of December 22, 2022, the deal…

Freeport LNG’s long-shut liquefied natural gas (LNG) export plant in Texas was on track to receive natural gas on Tuesday, according to data from Refinitiv, a possible sign the plant might meet the company’s projected end-of-the-year return date.The Freeport shutdown added to the squeeze on global gas caused by Russia’s invasion of Ukraine. It helped boost prices in Europe and Asia to record highs over the summer, while capping gains in U.S. gas futures by leaving more fuel in…

Hornblower Group announced Monday that Adam C. Peakes has joined the company as executive vice president and chief financial officer. Peakes will report to Kevin Rabbitt, chief executive officer, Hornblower Group.As Hornblower Group’s CFO, Peakes will oversee the company’s global shared services functions of finance and accounting, human resources, information technology and marine operations.“I am excited to welcome Adam to the Hornblower family and work with him as a trusted partner,” said Kevin Rabbitt, chief executive officer, Hornblower Group.

Diamond Sea Glaze said it has been chosen by Tacoma, Wash. shipbuilder Silverback Marine to provide windows and a wheelhouse door for its first-ever crew transfer vessel (CTV) for ship-to-shore (STS) operations. The order includes its D series windows, along with the model 250 weathertight door.“We chose Diamond Sea Glaze for two reasons: proven history of durability in tough conditions, and accurate engineering of DSG’s systems,” said Ian Gracey, CEO of Silverback Marine. “Glazing and enclosures are a key component to passenger safety and operator visibility…

Tacoma, Wash.-based Silverback Marine is a relatively new name in boatbuilding, formed with the tall ambition to “change the way the world thinks about workboats”.“We started Silverback with the vision of essentially bringing, what I would call, the big boat experience to smaller workboats. Enabling people to get a smaller workboat, but also have a real naval architect and engineer go through it—give them renderings, give them that tailored experience that you would normally only find if you’re getting a much larger vessel…

James Fisher and Sons plc and Graig Shipping PLC unveiled a new service operation vessel (SOV) design concept, the Ulstein Twin X-Stern named ULSTEIN SX221 Diamond SOV to support the UK’s target of 50GW of offshore wind energy generation by 2030.The concept is the result of collaboration by the Diamond Consortium, a collaboration between James Fisher and Graig with support from DNV and design partner, Ulstein Design Solutions. The result will provide a future-proof design to address…

A U.K. Royal Navy warship assisted in the rescue of four people from a yacht that was taking on water and at risk of sinking in the English Channel near the Isle of Wight.Last week, the Portsmouth-based Type 45 destroyer HMS Diamond answered a Mayday call from a civilian yacht that was taking on a significant amount of water while sailing from Beaulieu River in the New Forest toward Honfleur in France.Diamond was in the area after leaving its home port and coordinated and conducted the rescue operation…