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Contract Extension

$1.3M Contract Extension for AMSC

American Superconductor Corporation received a $1.3m contract extension for its second generation (2G) high temperature superconductor (HTS) wire from the U.S. Department of Defense (DOD). The contract was awarded by the Office of Naval Research (ONR) and funded by the Defense Advanced Research Projects Agency (DARPA). This most recent extension represents the sixth contract or contract extension American Superconductor has received for 2G HTS wire development over just the last 10 months and brings the total dollar amount of all AMSC government contracts and contract extensions for this purpose to approximately $8.1m in that timeframe. Targeted DOD applications for 2G HTS wire include ship propulsion electric motors and generators, degaussing cable systems, non-lethal weapons and power distribution systems for warships. AMSC is actively involved in developing components or systems for each of these applications.


Aramco Extends Seadrill Jack-up Deals

AOD1. Photo: Seadrill Limited

 Seadrill, a London-headquartered offshore drilling contractor, said that Asia Offshore Drilling (AOD) has received three-year contract extensions for two jack-up rigs from Saudi Aramco.    The jack-ups AOD I and AOD II received three year contract extensions from Saudi Aramco expiring in June 2019 and July 2019, respectively.    AOD is an associate company of Mermaid Maritime and Mermaid has 3.76 percent equity stake in AOD while the other 66


Transocean Rig Deepwater Horizon Extension

Transocean Ltd. (NYSE:RIG) announced that its ultra-deepwater semisubmersible rig Deepwater Horizon has been awarded a three-year contract extension by a subsidiary of BP p.l.c. (NYSE:BP) for operations in the U.S. Gulf of Mexico commencing in September 2010. Estimated contracted revenues related to the three-year contract extension are approximately $544m. Estimated contract revenues represent the maximum amount of revenues that may be earned in the firm contract period


AKOFS Offshore Gets Contract Extension from Petrobras

Skandi Santos

AKOFS Offshore, a part of Akastor ASA, has been notified of a five-year contract extension from Petrobras to use the Skandi Santos, a Subsea Equipment Support Vessel in Brazil. The extension, worth about NOK 2.5 billion, will start March 1, 2015 in direct continuation of current contract. The vessel is currently operating under a five-year contract with Petrobras that began March 1, 2010. The Skandi Santos is designed to install and retrieve subsea trees and modules


Mærsk Deliverer's Contract extended

Maersk Deliverer

Cabinda Gulf Oil Company Limited, a Chevron subsidiary in Angola, has extended the current contract for the ultra deepwater semi-submersible Mærsk Deliverer expiring in June 2015 by two years. Mærsk Deliverer has since 2012 been working for Chevron and its partners on the Tombua Landana field offshore Angola. With the contract extension the rig will be on contract until June 2017. The estimated revenue potential from the two-year contract extension is USD 387m plus compensation


BIW: $126m Deal to Modernize DDG 51's

The U.S. Navy has awarded General Dynamics Bath Iron Works, a subsidiary of General Dynamics (NYSE: GD), a $126 million contract extension to manage ongoing post-delivery modernization activities for Arleigh Burke-class (DDG 51) destroyers. The contract extension runs through December, 2017, with options for an additional six months.   Bath Iron Works provides Planning Yard services for all Littoral Combat Ships and Arleigh Burke-class destroyers including engineering, design


North Sea, UK Sector, Contracts for KCS Deutag

KCA Deutag has won significant subsea drilling operation & maintenance contracts from core clients Total E&P UK, EnQuest & CNR International (CNRI). The company was awarded a contract with Total E&P UK to provide drilling operations and maintenance services on the Alwyn North and Dunbar platforms.  Both contracts have already commenced and have a firm two year commitment with options for an extension of up to two years.


Eidesvik Awarded Contract Extensions

Viking Athene (Photo: Eidesvik)

Norwegian based offshore shipping company Eidesvik Offshore announced it has been awarded contract extensions for the supply vessels Viking Lady and Viking Athene from Total E&P on the Solaris well. The contract is in direct continuation with the current contract.   Estimated duration is 45 days for the 2006-built Viking Athene and 150 days for the 2009-built LNG-powered Viking Lady, Eidesvik said.


Taqa Extends Wood Group Contract

Image: Wood Group PSN

 Wood Group has secured a two-year contract extension with TAQA in the North Sea.   Wood Group PSN, will continue to provide engineering, construction and maintenance services to five offshore assets - Cormorant Alpha, North Cormorant, Eider, Tern and Harding – extending an agreement in place since 2008.   The value of the deal extension has not been disclosed.   The two-year contract, effective immediately, also includes options for three, one year extensions.


Union Calls Off Strike at Jakarta Port

File Image: Tanjung Priok port (CREDIT: AdobeStock / Adita Petria Warman)

An Indonesian labour union has scrapped a planned strike at Jakarta's Tanjung Priok port next week, ensuring operations would run normally at the country's busiest port, union officials said on Friday.   Nova Sofyan Hakim, the chairman of the workers' union of PT Jakarta International Container Terminal (JICT), said by text message the union had reached "a constructive agreement" with the company.  


BP Extends PSV Deals with Deep Sea Supply

Photo: Deep Sea Supply

 Oslo-listed offshore vessel owner Deep Sea Supply has secured two time charter contract extensions with BP Egypt.   The PSVs Sea Spear and Sea Spark have been awarded a 1 year extension of their charter contracts with start from end of current firm period, in July 2017.  


Strike to Disrupt Operations at Jakarta's Main Port

File Image (CREDIT: AdobeStock / (c) Adita Petria Warman)

A union workers' strike next week is expected to disrupt shipping operations at Jakarta's main port, which handles the bulk of international shipments for Southeast Asia's biggest economy, a labour union official said.   Around 2,000 union members are expected to go on strike from May 15-20


DONG, CWind Extend Crew Transfer Vessel Contract

Photo: CWind

CWind, a provider of services to the offshore wind industry, informs that DONG Energy, one of the key energy groups in Northern Europe, has granted CWind a two-year extension to its existing three-year Crew Transfer Vessel contract at the West of Duddon Sands Offshore Wind Farm in the Irish


Stena Drilling Extends Inspection Contract with Sparrows

Stena Don (Photo: Stena Group)

Sparrows Group has been awarded a three-and-a-half-year extension to its inspection services contract for Stena Drilling’s global fleet of drilling vessels. The contract scope includes carrying out LOLER lifting gear surveys, potential dropped objects surveys


DHT Holdings Extends VLCC Time Charters

DHT Holdings, Inc. has extended time-charters for three of its VLCCs to oil majors, the company announced.   The vessels, Samco Europe, Samco Taiga and Samco Redwood, have been extended for one, two and two years respectively, at respective daily rates of $53,200, $45,000 and $47,300.


Pemex Extends Fugro Campaign

Fugro Synergy (Photo: Fugro)

Mexican national oil company, Pemex, has awarded a further extension to Fugro’s contract to support its exploration drilling activities in the Bay of Campeche.   The contract extension is valued at approximately $20 million and the workscope includes geophysical and geotechnical field


Alaska Oil Spill Protection: Crowley Bid for Alyeska Deal Unsuccessful

Photo courtesy of Crowley Marine Services

Press Release: Crowley Marine Services will not be providing oil spill prevention and response services in Valdez and Prince William Sound when its contract expires June 30, 2018.  Crowley has provided marine services in Prince William Sound since 1990.


ExxonMobil Terminates Seadrill Contract

Photo: Seadrill Partners LLC

 Exxon Mobil terminates earlier the West Capella working in Nigeria in the Usan Field. John Fredriksen-backed drilling firm Seadrill Partners LLC has received a notice of termination from Exxon Mobil.    In accordance with the cancellation for convenience provisions in the West


Petrofac Wins $100 Million North Sea Deal

Image: Petrofac

 Petrofac is set to build on its provision of reimbursable services for Total E&P UK following the award of an enhanced three-year contract extension on the Alwyn and Dunbar platforms in the Northern North Sea.   The contract, worth in the region of $100 million


Siem Renews Contract for Seven Reefers

Photo: Siem Shipping Inc

 Norwegian liner Siem Shipping Inc. has won a one-year contract renewal for a regular weekly service from Ecuador to St. Petersburg, Russia. The contract extension for the service covers seven reefer vessels.   The service, which employs seven vessel


US West Coast Dockworkers, Shippers to Talk Contract Extension

Photo: Port of Long Beach

Major cargo shippers and the union representing dockworkers at 29 U.S. West Coast ports have agreed to talks on a possible extension of their current contract, which is set to expire in mid-2019, the two sides said in a joint statement on Tuesday.  


Wood Group Bags Hibernia Deal

Wood Group wins multi-year contract on Hibernia in Canada Photo Wood Group

Wood Group has secured a five year contract to provide engineering, procurement, construction and maintenance services to the Hibernia platform, offshore Newfoundland, from Hibernia Management and Development Company Ltd. (HMDC).  The contract will be executed by Wood Group’s Eastern


Teekay Renews Shuttle Tanker VSAT Contract

(Photo: Marlink)

Marine energy transportation, storage and production company Teekay will continue to utilize Marlink’s Sealink VSAT solution across its entire shuttle tanker fleet, following a recent contract extension and upgrade.    Teekay


Transocean's contract backlog $11.3 Bln on February 9

Ultra-Deepwater Rig Photo Transocean Ltd

Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of and contract information for the company's fleet of offshore drilling rigs. As of February 9, 2017, the company's contract backlog was $11.3 billion.


Statoil Extends Bideford Dolphin Contract

Photo: Fred. Olsen Energy ASA

 Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA, has extended contract with Statoil for Bideford Dolphin. "We have entered into a one well contract extension, including one optional well, with Statoil for use of the semi-submersible drilling rig Bideford Dolphin for






 
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