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Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran
Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC) have signed a deal worth $1 billion to build five offshore drilling…
Onshore Spending on the Cusp of Recovery?
DW’s recently released quarterly World Oilfield Services Market Forecast (OFS) and World Oilfield Equipment Market Forecast (OFE) continue to suggest 2016 will see…
Cathelco MGPS for Latest Lamprell-built Jack-up
Cathelco will provide a marine growth prevention system (MGPS) for the latest in a series of jack-up drilling rigs to be built by Lamprell, the UAE based leading provider of fabrication, engineering and contracting services to the offshore and onshore oil and gas and renewable energy industries. This will be the ninth MGPS to be supplied to Lamprell for jack-up rigs constructed at its Hamriyah facility.
Ocean Rig UDW Beats on Revenue
Ocean Rig UDW Inc, the offshore drilling contractor, posted revenue of $452.6 million in the second-quarter, beating Wall Street forecasts. Three analysts surveyed by Zacks expected $385.7 million.
First ISDS for DNV GL Classed Ocean Greatwhite
DNV GL has welcomed the world’s largest semi-submersible drilling rig into class recently. Ocean Greatwhite is 123 metres long and 78 metres wide and was delivered…
Enclosed Space Safety Rule Enters into Force
A new regulation aimed at protecting seafarers who need to enter enclosed spaces, by requiring ships to carry portable atmosphere testing equipment on board, enters into force on July 1, 2016.
Lloyd's Register Extends Drilling Rig Integrity Support
Exploration begins by BHP Billiton using the Deepwater Invictus rig and supported by Lloyd’s Register’s rig integrity team. Lloyd’s Register (LR) announced it has…
FPSOs Sit Unprecedentedly Idle
The 20 year four-fold growth pattern in the world’s FPSO fleet stalls out in 2016 with a record number of FPSOs idle and available for redeployment – or perhaps to be forced into other uses, lay up or scrap. FPSO redeployments typically are far more complex, costly and risky than for (say) drillships and yet the need for redeploying idle FPSOs is now in the forefront of the industry like never before as FPSO owners also have to face the worst ever down market for their equipment and services.
Hundreds of Scientists Urge Obama to Halt Arctic Oil Drilling
Nearly 400 scientists from more than a dozen countries signed a letter urging U.S. President Barack Obama to take the Arctic Ocean out of the next federal offshore lease sale plan…
Tech File: Fire Boom for the US' Worst Oil Spill
On April 20, 2010, the Deepwater Horizon mobile offshore drilling platform was destroyed as a result of a catastrophic blowout of the Macondo 252 well in the Gulf of Mexico. The blowout resulted in a continuous discharge of approximately 3.19 million barrels of oil over three months covering approximately 30,000 square miles of the Gulf. It was the worst accidental oil spill in U.S. history. Due to the massive amount of oil being spewed into the Gulf…
Can Domestic Shipping Become Our Industry’s Farmer’s Market?
Arriving at the Farmer’s Market this morning I made the decision to grill some hand cut rib eye with fresh vegetables and potatoes later that evening. I searched several of the local farm kiosks to find the mix I wanted and then reached into my pocket to pay for my choices. The price for all this local fare is not competitive with Cosco or Walmart, but I know the vegetables are organically grown without chemicals and the local beef is grass fed.
Russian Shipbuilder Wins $1 bln Iran Oil Rig Deal
Russian shipbuilder Krasnye Barrikady has been awarded a near-$1 billion contract by Iran to build five offshore drilling rigs for use on Iran's part of the Gulf shelf…
Ensco Lost 2 Petrobras Contracts
Ensco Plc has concluded discussions with Petrobras regarding revised commercial terms with respect to some rig contracts. Ensco 6003 and Ensco 6004 had their contracts terminated effective May 1…
Transocean Provides Fleet Status Report
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…
Long Joins SEACOR Holdings as Executive VP
SEACOR Holdings Inc. has appointed William “Bill” C. Long as the company's Executive Vice President, Chief Legal Officer and Corporate Secretary, effective immediately.
Keppel's Profit Nosedives
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…
Repair of Two Semi-submersible MODU Completed
Repair of Polyarnaya Zvezda and Severnoye Siyaniye, semi-submersible mobile offshore drilling units (MODU) of the sixth generation, has been completed under survey…
ABB Wins European Marine Engineering Award
Power and automation technology group ABB has won a European Marine Engineering Award, acknowledging the innovation behind the new Azipod D electric propulsion solution, launched in 2015.
Italians Go to polls for Drilling Referendum
Italy went to the polls on Sunday for a referendum on off-shore oil and gas drilling rights, a complex issue that the government hopes voters will shun. For the ballot to be valid…
Six Years after BP Spill, US Sets New Offshore Oil Safety Rules
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, which include more stringent design requirements and operational procedures for offshore U.S. oil and gas operations. The…