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Arduous GoM Drill Rig Salvage Accomplished

The Jack-up Rig: Photo credit Inland Salvage Inc.

Inland Salvage successfully delivers salvaged jack-up drill rig which sank last winter in the Gulf of Mexico. In mid-December 2012 a retired jack-up drill rig under tow from Fourchon, LA to be dismantled in Texas began taking on water. Despite being in the crowded waters of the oilfield, the tow captain was able to maneuver the sinking rig into a little used section of the Vermillion Block where the seas finally washed over the main deck and forced the rig to the ocean floor. Inland Salvage Incorporated (ISI), based in Harvey, LA, was awarded the salvage contract and began dedicating assets towards the effort, teaming up with Titan Salvage of Pompano Beach Fl. Titan's naval architects began performing stability calculations while ISI and Titan personnel mobilized to the wreck site onboard a 185 class lift boat which could remain on location even during the Gulf's winter storms. The Salvage Master, Gordon Olson, determined it would be best to approach the salvage from two fronts. One dive team would work to restore buoyancy to the barge and mud mat, while the second team would attempt to reestablish control of the now submerged jacking system.  Salvage Engineers developed an external hydraulic supply and control unit that was connected to the existing jacking system by divers working in the confined spaces of the rig. At the same time, divers penetrated into the barge tanks to install salvage pumps and restore the rig's dewatering system for the mud mat.


Bollinger Increases Port Fourchon Capabilities

Bollinger’s repair and conversion shipyard at Port Fourchon, La., on the Gulf of Mexico, can now accommodate rigs, ships and boats with drafts to 27 ft., now that dredging is complete from the sea buoys in the Gulf to Bollinger’s Fourchon 350-ft. slip, which has also been deepened. “The deepened waterway and slip permit us to offer services to larger jack-up and matted rigs as well as bigger ships and boats. We also have additional shore power providing electrical power for vessels’ hotel


Offshore Rig Counts Mixed

The worldwide offshore rig demand declined since last week, according to Offshore Data Services' weekly mobile offshore rig count. While demand in the U.S. Gulf improved, European rig demand continues to suffer. In European waters, 74 offshore drilling rigs are under contract this week, a one-rig net decline from last week, and a 10-rig fall from two months ago. The 106-rig European offshore drilling fleet's utilization rate is 69.8 percent


Offshore Rig Count

U.S. Gulf Rig Count Hits 20-Month High The Gulf of Mexico rig count continues to rebound, and this week reached its highest level since July 1998, according to Offshore Data Services' weekly mobile offshore rig count. The Gulf of Mexico rig count is expected to continue to rise as the year progresses. On March 24, 155 of the 198 mobile offshore drilling rigs in the U.S. Gulf of Mexico were under contract. The week's tally represents a four-rig increase over the previous week's count


DNB Bank Appoints Senior Asia Region Execs

Vidar Andersen: Photo credit DNB Bank

DNB Bank, the leading international shipping and energy bank, has appointed Vidar Andersen its new Head of Asia, based in Singapore with immediate effect. In a related move, Mats Wermelin has been appointed the bank’s new Head of China based in Shanghai, a post which was previously held by Mr Andersen. Group Executive Vice President (Large Corporations and International), Harald Serck-Hanssen, welcomed Mr Andersen and Mr Wermelin into their new positions


Cribbing & Matting Extend Range to Australia, SE Asia

Product display image courtesy of Cribbing & Matting

A high performance recycled plastic cribbing system engineered to provide optimum safety and durability when stabilising heavy loads is being introduced throughout Australasia and South-East Asia inform the Cribbing and Matting Co Pty Ltd., located in Sydney. The manufacturers explain that the lightweight, splinter-free, non-absorbent and environmentally sustainable Dura Crib and Dura Stat ranges were developed to replace older, weaker


Woldwide Offshore Rig Utilization Plummets

Offshore rig utilization fell in the world's most active markets during the week ending July 6, according to ODS-Petrodata Group. U.S. Gulf of Mexico rig utilization dropped 1.5 percent to 85.8 percent this week, with 182 rigs under contract out of a total of 212. European rig utilization fell 1.0 percent to 95.1 percent this week with 97 of the region's 102 rigs under contract, according to ODS, while worldwide rig utilization fell 0.7 percent to 89


Prospector Offshore Keeps its Options Open

Prospector Offshore Drilling agrees with two Chinese shipyards to extend options on 6 rig construction agreements. An agreement with Dalian Shipbuilding Industry Offshore Co. extends the expiry dates on three of its rig construction option agreements with DSIC Offshore that were previously due to expire on 31 December 2012 have been extended until 31, March 2013. Another agreement with Shanghai Waigaoqiao Shipbuilding Co


Lamprell Delivers Drilling Rig to Dev Drilling

Jindal Pioneer during its successful jacking trial held in December 2014

The Lamprell Group delivers its 12th Super 116E jackup drilling unit.   Lamprell has announced the completion of construction on the jackup rig Jindal Pioneer and its delivery to Dev Drilling Pte Ltd of Singapore, a D. P. Jindal Group Company.     The contract for the Jindal Pioneer rig was signed in January 2013 and this is the second rig with the LeTourneau Super 116E (Enhanced) Class design which Lamprell has delivered to this client


Cosco Delays Delivery of Jack-up Rigs for Northern

Photo: COSCO Shipyard Group

 Cosco (Dalian) Shipyard, subsidiary of Cosco Shipyard Group, has reached an agreement with Bermuda-based rig owner Northern Offshore to further delay the delivery dates of two jack-up drilling rigs amid challenging offshore drilling market.    Dalian shipyard received an order for two LeTourneau Super 116E jack-up drilling rigs in November 2013 and the plan was to deliver the rigs in 1H2016 and 2H2016, respectively.   


Borr Drilling Aims to Expand Fleet, Keep Costs Low

Borr Drilling, the Norwegian drilling start-up, which listed on the Oslo exchange on Wednesday, said it aimed to expand its fleet, taking advantage of its low cost base. The start-up, launched last year and backed by the world's biggest oil service firm Schlumberger


US Drillers Add No Oil Rigs as Harvey Slows Production

Photo: NASA Goddard MODIS Rapid Response Team

U.S. energy firms did not add any oil rigs this week as Hurricane Harvey barrelled into the nation's energy heartland, forcing drillers to halt production and refiners to shut plants.   The total oil rig count for the week ended Friday stayed at 759


Lamprell's Revenue Falls 65 pct, Cuts FY Forecast

File Image (CREDIT: AdobeStock / (c) Nightman)

Oil rig builder Lamprell Plc reported a 64.7 percent fall in revenue in the first half of the year and cut its full-year forecast, hurt by lower activity levels across the industry.   The company said it expected revenue for 2017 to be in the range of $370 million to $390 million


Transocean Retires Six Floaters

Photo: Transocean

 Transocean announced its intent to retire the ultra-deepwater floaters GSF Jack Ryan, Sedco Energy, Sedco Express, Cajun Express, and Deepwater Pathfinder, and the deepwater floater Transocean Marianas.    The rigs will be classified as held for sale and will be recycled in an


Keppel, Sembcorp Merger on the Cards ?

Photo: Sembcorp Industries

 A merger between two of the Singapore’s largest offshore rig builders, Keppel Offshore & Marine and Sembcorp Marine, might be on the cards, report local media quoting the Development Bank of Singapore (DBS).   DBS said that with orders at a trough and expectations for only a


Pacific Basin Acquires Five Bulkers

Photo: Pacific Basin Shipping Limited

 Pacific Basin Shipping Limited has announced its conditional agreement to acquire five dry bulk vessels for a total consideration of US$104.6 million.   The consideration will take the form of 216,903,274 new Pacific Basin shares to be issued to the ships’ sellers amounting to


New Player Enters the Decommissioning Market

Executive Director of Well-Safe Solutions, Mark Patterson (Photo: Well-Safe Solutions)

A new entrant to North Sea decommissioning, Well-Safe Solutions was established by a group of oil industry stalwarts Alasdair Locke, Mark Patterson and Paul Warwick, setting out to provide a new approach to the safe and cost-efficient decommissioning of subsea wells.    


Vryhof Expands Its Global Footprint

Mo Tafazzoly (Photo: Vryhof)

Vryhof, a provider of anchoring and mooring solutions, said it is expanding its global footprint with its companies Deep Sea Mooring (DSM) opening a new office in Aberdeen and Vryhof Anchors appointing Singapore-based Franklin Offshore as its exclusive representative for selling Vryhof solutions


Transocean to Buy Songa Offshore

(File photo: Songa Offshore)

About 77 pct of Songa shareholders have so far accepted deal.   Transocean, one of the world's biggest drilling rig operators, has agreed a deal to buy Norwegian competitor Songa Offshore for 9.1 billion Norwegian crowns ($1.1 bln), the two companies said on Tuesday.  


DoJ Closes Vantage Probe Over Petrobras Deal

Photo: Vantage Drilling International

 Vantage Drilling International, announced  that it has received a letter from the United States Department of Justice (DOJ) acknowledging Vantage's full cooperation in the DOJ's investigation concerning possible violations by Vantage of the Foreign Corrupt Practices Act


Shipbuilding: Mega Yards

Arctic Firsts: Arc 7 LNG carriers, including the Risunok and the ice-breaking Christophe de Margerie (pictured here). (Photo Courtesy: Yamal LNG and Sovcomflot)

The Woodmac report we saw offered us cause for pause — “Strong activity from the (major oil companies)” while “national oil companies have tightened their purse strings.” What Maritime Reporter found, was that national oil companies — nation-builders


Seadrill to Seek Bankruptcy Protection

Photo: Seadrill Limited

 Once the biggest offshore rig firm by market value, Seadrill plans to begin its Chapter 11 debt restructuring in the coming weeks, WSJ reported.   The Bermuda-based company, controlled by Norwegian shipping magnate John Fredriksen


ST Engineering Buys US Rig Repair Assets

Singapore Technologies Engineering Ltd (ST Engineering) said it has acquired the rig repair assets of World Marine of Mississippi LLC (WMM) adjacent to its existing yard, VT Halter Marine, Inc. in Pascagoula, Miss. in the U.S., through its subsidiary Vision Technologies Marine, Inc. (VT Marine)


About 22% of US Gulf Oil Output Offline Due to Harvey

About 22 percent of U.S. Gulf of Mexico oil production is offline due to Tropical Storm Harvey, the U.S. Department of the Interior's Bureau of Safety and Environmental Enforcement (BSEE) said on Sunday.   Output levels rose slightly from Saturday


13% of Manned Platforms Evacuated in GoM

U.S. Navy photo from August 25

Offshore oil and gas operators in the Gulf of Mexico have evacuated personnel from 98 production platforms, 13.3 percent of the region’s 737 manned platforms during Tropical Storm Harvey, according to this morning’s data submitted to the Bureau of Safety and Environmental Enforcement






 
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