MarineLink News Search
Search term • Offshore-Drilling
Create an email alert for Offshore-Drilling
Transocean, Jurong Shipyard Agree Delivery, Payment Delays for 8th Gen Drillship Duo
Offshore drilling company Transocean has reached a deal with Singapore-based Jurong Shipyard - a Sembcorp Marine subsidiary - to delay the delivery of the ultra-deepwater drillships Deepwater Atlas and Deepwater Titan, originally ordered in 2014. As part of the agreement, Jurong Shipyard has agreed to accept deferred payment for both rigs, Transocean said.The Deepwater Atlas and Deepwater Titan are the world’s first eighth-generation ultra-deepwater drillships and only rigs to feature a 3…
Tech Files: Offshore Safety Systems & Equipment
Safety of workers,structures, equipment and the environment are paramount in any offshore energy project. In the March/April print edition, Offshore Engineer took a look inside some notable newcomers.Wearable tech to boost drill floor safetyHaloGuard – Credit: TransoceanOffshore drilling contractor Transocean has recently deployed what it said was the offshore drilling industry’s first safety system…
Equinor Contracts Seadrill Drillship West Saturn
Offshore drilling contractor Seadrill said it has secured a four-year firm contract with four one year options for the West Saturn drillship with Equinor Brasil Energia Ltda for work on the Bacalhau field in Brazil.Total value for the firm portion of the contract, including mobilization, upgrades and integrated services, is expected to be approximately $380 million, with a performance bonus providing meaningful incremental opportunity, Seadrill said.
Bordelon Marine Announces Leadership Promotions
Lockport, La. based offshore support and subsea services provider Bordelon Marine said it has promoted Mike Belanger to chief operating officer and Chris Martin…
Seadrill Asks Creditors to Write Off More Than 85% of its Debts
Offshore drilling rig contractor Seadrill has asked creditors to write off more than 85% of its debts in exchange for a 99% stake in the reorganized company, a court filing showed.The Oslo-listed firm controlled by Norwegian-born billionaire John Fredriksen in February filed for Chapter 11 bankruptcy protection in the United States, the second time it has done so in four years.Seadrill has in the past year written off billions of dollars worth of assets due to a bleak outlook for the oil sector…
Gulf of Mexico: HWCG, Helix Extend Fast Oil Spill Response Agreement
Helix Energy Solutions Group has entered into a new agreement for offshore oil spill response resources with HWCG, a consortium of deepwater oil and gas companies in the Gulf of Mexico who have come together with the shared goal of quickly responding to offshore oil spills.Under the agreement, HWCG’s members are given the opportunity to identify the Helix Fast Response System as a response resource in permit applications to U.S.
Samsung Heavy Ordered to Pay $411M to Stena Drilling in Canceled Offshore Rig Order Case
South Korean shipbuilding giant Samsung Heavy Industries must pay $411 million to offshore drilling contractor Stena Drilling, a London arbitration tribunal has ruled.The spat between the two companies began after Stena Drilling in 2017 terminated the order for the construction of the harsh environment semi-submersible drilling rig Stena Midmax.Stena Drilling had ordered the rig in June 2013, with the delivery expected in March 2016.
Valaris Set to Emerge from Bankruptcy as Reorganization Plan Approved
Offshore drilling company Valaris, the world's largest by fleet size, has received approval from the United States Bankruptcy Court for the Southern District of…
Subsea Miner DeepGreen to Go Public Via $2.9 Billion SPAC Deal
DeepGreen Metals, an EV battery metals maker, said on Thursday that it will be acquired by blank-check firm Sustainable Opportunities Acquisition Corp in a $2.9 billion deal.The deal will consist of a $330 million private investment from investors along with Allseas, adding to the list of existing strategic investors such as Maersk Supply Service and Glencore.Vancouver-based DeepGreen intends to produce metals from polymettalic rocks…
MacArthur Takes the Helm as Master Aboard T/S State of Maine
Maine Maritime Academy (MMA) hired alumnus Captain Gordon ‘Mac’ MacArthur to serve as master aboard the Training Ship State of Maine.With more than 30 years of experience in the maritime field, MacArthur served most recently as a Senior Dynamic Positioning Officer for Diamond Offshore Drilling, where he monitored environmental conditions, assisted in incident investigation and analysis, maintained and tested equipment, and managed personnel aboard offshore drilling vessels.
Seadrill Seeks Bankruptcy Protection—Again
Offshore drilling rig contractor Seadrill has filed for bankruptcy protection at a court in the U.S. state of Texas, it said on Wednesday, the second time in four years the company has entered into so-called Chapter 11 restructuring.The Oslo-listed group controlled by Norwegian-born billionaire John Fredriksen returned to court along with several subsidiaries after failing to win consent from bank…
Valaris Drillship Goes Adrift off Scotland
A Valaris drillship went adrift on Tuesday evening, breaking free from moorings near the port at Hunterston, North Ayrshire, Scotland.According to BBC, which was…
Biden Pauses Federal Oil & Gas Leasing, Eyes Offshore Wind Growth
President Joe Biden on Wednesday signed a new raft of executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies, as he pursues green policies he billed as a boon for job creation.The orders map out the direction for the Democratic president's climate change and environmental agenda and reverse the policies of his Republican predecessor, Donald Trump, who sought to maximize U.S.
Biden to Target Drilling, Fossil Fuel Subsidies in New Climate Orders
President Joe Biden was set on Wednesday to sign executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies as he pursues green policies in stark contrast to those of his predecessor Donald Trump.The orders map out the direction for the Democratic president's climate change and environmental agenda and mark a reversal from Trump, a Republican businessman-turned-politician who sought to maximize U.S.
Elon Musk's Firm Buys Two Offshore Rigs to Serve as Launchpads for SpaceX Rockets
Two offshore drilling rigs, previously used for oil and gas exploration beneath the seabed, could soon help with space exploration.Namely, according to multiple reports this week…
Vroon PSVs Support ENI's Drilling Campaign Offshore Mozambique
Italian oil and gas company Eni has chartered two Vroon platform supply vessels to support its offshore drilling project in Mozambique.Vroon said this week that the contract with ENI was on a long-term drilling project, with Vroon providing platform-supply vessels VOS Princess and VOS Principle in support of the drillship SAIPEM 12000.ENI’s campaign will resume in the second half of December, after a suspension due to the COVID-19 pandemic.
Report: EU to Toughen Sanctions on Turkish Offshore Drilling in Contested Waters
The European Union will impose sanctions on more Turkish individuals and companies responsible for drilling in contested waters in the Mediterranean, according to a draft statement prepared for EU lea
US Moves to Loosen Safety Rules for Arctic Offshore Drilling
The Trump administration on Thursday proposed to loosen Obama-era safety regulations for the oil industry in the Arctic Ocean off Alaska to ease the way for petroleum extraction in the region, an effort that President-elect Joe Biden will likely throw out once in office.The proposal would revise a suite of Obama-era rules crafted to improve safety in the extreme conditions of the Arctic after a Shell drilling rig ran aground there in 2012.
Elliott Bay Design Group Hires Cardella, Laduke
Naval architecture and marine engineering firm Elliott Bay Design Group (EBDG) s aid it has hired two new employees to fill positions of retiring employees.Joseph Cardella joins the company as a project manager and is based out of the Covington, La. office. He will lead and manage diverse marine projects along the Gulf Coast, supporting clients with their engineering needs.Cardella has over 13 years of experience as a naval architect and project engineer within the maritime field.
Pacific Drilling Files for Chapter 11 Bankruptcy Again
Offshore drilling firm Pacific Drilling and certain of its subsidiaries have filed for Chapter 11 bankruptcy with the aim to eliminate $1.1 billion debt.The company, which had previously filed for Bankruptcy in 2017, said Friday that it and certain of its domestic and international subsidiaries had filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United…