Marine Link
Thursday, October 19, 2017

Leiv Eiriksson

Greenpeace Drilling Protest on ArcticBound Rig

According to a report from PennEnergy, on April 21, a group of 11 Greenpeace protesters climbed the Leiv Eiriksson semisubmersible drilling rig  to stop its mobilization. The Leiv Eiriksson was slated to depart Turkish waters for a drilling campaign in the Baffin Bay offshore Greenland. Cairn Energy contracted the rig to perform exploration drilling in the Arctic waters offshore Greenland in an ongoing effort to establish the region as a new oil and gas province.   (Source: PennEnergy)

ExxonMobil Contract for Leiv Eiriksson

Ocean Rig announces that ExxonMobil has issued a letter of intent for a contract to employ the Leiv Eiriksson for an exploration well, plus an option well in direct continuation, for work offshore Angola, West Africa. The well is in Block 33, and is estimated to commence July 1st 2004 and each well is expected to be of about 45 days duration. Ocean Rig is currently in discussions related to a new contract in continuation of the ExxonMobil contract.

Drilling Contract for Leiv Eiriksson

Ocean Rig ASA announced that it has executed a drilling contract with an affiliate of ExxonMobil Corporation for drilling services with the company's semi-submersible drilling rig Leiv Eiriksson. As earlier reported, the drilling contract reflects a drilling program of multiple wells (including firm and optional wells) offshore West Africa.

BP Exercises Fifth Option for Leiv Eiriksson

Ocean Rig announces that BP Exploration (Angola) Limited has exercised the 5th option well under the present contract in Angola for Leiv Eiriksson on Block 31, which is in ultra deep water. This well, which will last for an estimated 60 days, will be drilled in a sequence with the previously announced 4th option under the contract, together estimated to employ the rig into 2004.

Ocean Rig: Three Year Drilling Contract

Ocean Rig UDW Inc. (NASDAQ:ORIG) signed a new drilling contract for its semisubmersible drilling rig “Leiv Eiriksson” with a consortium coordinated by Rig Management Norway for drilling on the Norwegian Continental Shelf. The maximum  total revenue backlog is estimated at $653 million for a minimum period of 1070 days. The new contract is a well-based contract for 15 wells and will commence in the fourth quarter of 2012 or the first quarter of 2013

DSC Completes Series of Works on Jan de Nul Group Vessels

Photo courtesy of DSC

Damen Shiprepair & Conversion (DSC) has recently completed works in Vlissingen and Brest on two major vessels in the fleet of dredging and marine construction specialist Jan de Nul Group. One of these is the Vole au vent, a 140-meter jack-up vessel built specifically for the installation of the latest generation of offshore wind turbines. The other is the trailing suction hopper dredger Leiv Eiriksson. Both vessels are among the largest in their classes, anywhere in the world.  

BP Exercises Option for Leiv Eiriksson

Ocean Rig announces that BP Exploration (Angola) Limited has exercised the 4th option well under the present contract in Angola for Leiv Eiriksson. This well, which will last for an estimated 50 days, will be drilled in a sequence with the previously announced third option under the contract, together estimated to employ the rig until early December 2003. Ocean Rig owns and operates two of the worlds largest and most modern drilling-rigs

Sister to Record-Setting Dredger Sets Sail

Photo courtesy MAN Diesel

October 2009 saw the launching of the dredger, Leiv Eiriksson, from Spain’s Basque country. A sister ship to the record-breaking Cristóbal Colón that was launched in July 2008, the Leiv Eiriksson shares common specifications, featuring two MAN 16V48/60B medium-speed main engines and complete propulsion trains. The two vessels were ordered by Dredging and Maritime Management S.A., a subsidiary of leading dredging contractor, the Jan de Nul Group, based in Luxembourg

DryShips Signs Two Drilling Contracts: Corcovado, Leiv Eiriksson

DryShips Inc. (NASDAQ: DRYS) announced that its subsidiary Ocean Rig UDW Inc. has entered into firm contracts with Cairn Energy PLC for the Leiv Eiriksson and the Ocean Rig Corcovado for a period of approximately 6 months each. The total contract value including mobilization for the Leiv Eiriksson is approximately $95m. The mobilization period will start in direct continuation from the agreed release date from Petrobras

Dryships Increased Backlog for Ocean Rig UDW

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DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services, announced today that Ocean Rig UDW Inc., its majority owned subsidiary, has secured further backlog, as Borders & Southern plc have declared two optional wells under the existing drilling contract for the harsh environment drilling rig Leiv Eiriksson. The two optional wells have been assigned to Falkland Oil and Gas (FOGL) and

Ocean Rig UDW Beats on Revenue

Photo:  Ocean Rig

 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.   The company has reported second-quarter profit of $155.6 million. The company said it had profit of $1.83 per share. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.  

Foss Maritime: Hard at Work in the Arctic

Glacier Wind in Cook Inlet (Image courtesy of Foss Maritime)

As the oil industry awaits a much-needed rebound, Foss Maritime’s robust presence in the Arctic region underscores its commitment to the region, the environment, and a business plan that looks ahead to the next chapter.   Reports of the death of commercial Arctic activities have been greatly exaggerated. While Arctic energy projects have, by and large, been put on the back burner – like most things related to energy in other places – there are still many projects

Dredging: Digging Deep for a 'WIIN'

© Nancy Hochmuth / Adobe Stock

In the waning days of 2016, the outlook brightened dramatically for the big U.S. dredging contractors. Just before Congress dispersed for the Holidays, then-President Obama signed a pivotal piece of legislation – the Water Infrastructure Improvements for the Nation (WIIN) Act, S612. Key aspects of the bill:  Authorized needed investment in America’s ports, channels, locks, dams, and other infrastructure that supports the maritime and waterways transportation system and

Lundin Extends Contract for Ocean Rig

Image: Ocean Rig

 Ocean Rig UDW, contractor of offshore deepwater drilling services, has announced that Lundin Norway AS, has declared their third option to extend the existing contract of the Leiv Eiriksson.    In addition, Ocean Rig has granted Lundin 2 additional options to drill further wells in the future.   As a result of these developments, the rig now has firm employment until at least the end of September of 2017 and should Lundin exercise its additional seven one-well options

Dryships Inc. Reports Financial And Operating Results

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DryShips Inc. (NASDAQ: DRYS), or the Company, a global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., of off-shore contract drilling oil services, today announced its unaudited financial and operating results for the first quarter ended March 31, 2011.   Drilling Segment Employment Update   * On May 12, 2011, the Company was awarded contracts for the Ocean Rig Corcovado and the Ocean Rig

DryShips Reports 2Q Results

DryShips Inc. (NASDAQ: DRYS) announced its unaudited financial and operating results for the second quarter and six month period ended June 30, 2011. For the second quarter of 2011, the company reported a net loss of $114.1m, or $0.33 basic and diluted loss per share. Included in the second quarter 2011 results are infrequently occurring and non-cash items, totaling $131.5 million, or $0.37 per share which are described below

Foss Tows Drilling Rig to AK Winter Harbor

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Jackup drilling rig successfully navigated through Cook Inlet.     Foss Maritime Co. tugs Justine Foss and Jeffrey Foss have completed a successful tow of a jackup drilling rig to its winter harbor in Port Graham, Alaska. The Spartan 151 jackup drilling rig was moved from its drill site at Nikiski, in the Cook Inlet, which becomes choked with ice during the winter. Gary Faber, president and COO of Foss Maritime

Ocean Rig UDW Inc. Announce Management Change

Ocean Rig UDW Inc. provider of offshore deepwater drilling services announce that Pankaj Khanna, Chief Marketing Officer, has left the company. Mr. Khanna departed on 2, October 2012 to pursue other interests and his duties will be absorbed by the existing management team. George Economou, Chairman and Chief Executive Officer of the Company commented: “It was a pleasure working with Pankaj, and we wish him well in his future endeavors.”

Deepwater Driller Ocean Rig 2012 Financial Reports

Ocean Rig UDW Inc international contractor of offshore deepwater drilling services reports unaudited losses in Q4 & year-end 2912 financial results. Year Ended December 31, 2012 Financial Highlights For the year ended 2012, the Company reported a net loss of $132.3 million, or $1.00 basic and diluted loss per share.

 Included in the year ended 2012 results are:     ◦    Costs associated with the 10-year class survey for the Eirik Raude of $65

Arctic Holds Boatloads of Shipping Potential

Leive Lunde (Photo: FNI)

The Arctic region is notorious for relentlessly harsh climates that make shipping operations grueling. But despite the many limitations these conditions present, Leiv Lunde, Director, Fridtjof Nansen Institue, says the outlook is optimistic for the Arctic maritime industry 10-20 years down the road. Lunde presented “Asia’s Rise, Arctic Change and Energy Trade: Myths, Realities and Implications for the Shipping Industry” at the 26th annual Marine Money Week in New York on

RWE Dea Norge completes Titan Appraisal Well

RWE Dea Norge AS, operator of production licence (PL)420

  RWE Dea Norge AS, operator of production licence (PL)420, is completing drilling operations on appraisal well 35/9-11-S and sidetrack 35/9-11-A on the Titan discovery, 16 kilometres west of the Gjøa Field in the North Sea. (RWE Dea Norge is operator in production licence (PL)420.)  The purpose of the well was to delineate the Titan discovery towards the south and to reduce the uncertainties in reservoir thicknesses and reservoir properties

SENER’s FORAN System is 50

photomontage of a vessel developed with FORAN (image by courtesy of ASMAR)

  The FORAN System celebrates half a century in 2015. With 50 years of active service, FORAN is the longest standing CAD/CAM/CAE software on the market and a technological asset for the engineering and technology group SENER, which has placed its trust in this project throughout its history as a hallmark of its identity. To commemorate this anniversary, SENER will host an event in Spain with the presence of FORAN customers worldwide.

SENER’s FORAN System Celebrates 50 Years

Image courtesy of SENER

The FORAN System celebrates half a century in 2015.   With 50 years of active service, FORAN is the longest standing CAD/CAM/CAE software on the market and a technological asset for the engineering and technology group SENER, which has placed its trust in this project throughout its history as a hallmark of its identity. To commemorate this anniversary, SENER will host an event in Spain with the presence of FORAN customers worldwide.  

SENER Celebrates FORAN System’s 50th Anniversary

Left to right: Managing Director of SENER, Jorge Unda; Spanish Minister of Industry, Energy and Tourism, José Manuel Soria; President of SENER, Jorge Sendagorta; and Marine General Manager of SENER, Rafael de Góngora. (Photo: SENER)

SENER has commemorated the 50th anniversary of FORAN, its CAD/CAM/CAE system for designing naval vessels and marine structures, created by SENER’s cofounder José Manuel de Sendagorta in the 1960s. Today it is the world leader in marine technology and, since its inception, it has served as the prime example of SENER’s ability to innovate and export.   The event was held at Madrid’s Casino on the evening of Thursday, June 11

N-KOM: New VLCC Size Floating Dock

Donnelly Tankers vessel inside new VLCC size floating dock

Nakilat-Keppel Offshore & Marine (N-KOM), the joint-venture shipyard of Keppel Offshore & Marine and Nakilat, continues to see strong interest for its ship repair services in 2015, having already delivered more than 450 projects for shipping and oil and gas companies over the past four years. Among the shipyard’s list of customers are Odfjell, Maran Gas Maritime, Diamond Shipping, Springfield Shipping, Maran Tankers, Donnelly Tankers, Synergy Maritime, Euronav, Dynacom Tankers

Maritime Reporter Magazine Cover Oct 2017 - The Marine Design Annual

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