Ultra-deepwater Drillship 'Maersk Valiant' Delivered
Maersk Drilling advises that its second new drillship, 'Maersk Valiant', has been delivered from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South-Korea. Maersk Valiant has begun its voyage towards the US Gulf of Mexico via Singapore to commence a two year contract with ConocoPhillips and Marathon Oil Corporation. Maersk Valiant is the second in a series of four ultra deepwater drillships to enter Maersk Drilling’s fleet. The four drillships represent a total investment of US$2.6-bn and will be delivered from the SHI shipyard in 2014.
Deep Down Operations in Gulf of Mexico
Deep Down, Inc. is an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services. In response to recent investor inquires, the company commented that the recently announced 180-day moratorium on exploration drilling in water depths in excess of 500 ft in the Gulf of Mexico has had no material negative impact on our current operations. However, we have seen an increase in activity in our operations related to cleanup and subsea monitoring in the U.S. Gulf of Mexico. Additionally, we do not envision that the Drilling Moratorium will have a material impact on the operations of Cuming Corporation. On May 3, 2010, we announced that we had entered into a conditional purchase agreement to acquire Cuming Corporation.
Hercules Offshore Selects RigNet Communications Solutions
RigNet, Inc., a provider of managed remote communications solutions for the upstream oil and gas industry, recently announced the expansion of its contract with Hercules Offshore to provide managed remote communications to its fleet of jackup drilling rigs and U.S. Gulf of Mexico-based inland barges. Under the previous contract, RigNet provided managed communication services to most Hercules Offshore rigs operating outside of the United States. This recent agreement expands the contract to include the company's jackup rigs and inland barges in the U.S. Gulf of Mexico, including the recently-acquired rigs from Seahawk Drilling. With managed communications solutions provided by RigNet, Hercules Offshore's remote personnel can now access critical enterprise data, voice and broadband Internet.
Maersk Drilling Name First Ultra-Deepwater Drillship
The new drillship was named 'Maersk Viking' by Mrs. Nathalie Newman, wife of Mr. Harry E. Newman Jr., ExxonMobil Global Drilling Manager in a ceremony at the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea. Maersk Viking is the first in a series of four ultra deepwater drillships to enter Maersk Drilling’s rig fleet. The four drillships represent a total investment of USD 2.6bn and will be delivered from the SHI shipyard in late 2013 and 2014. After delivery from the yard and mobilisation to the US Gulf of Mexico…
Harvey Gulf Acquires Bee Mar's Assets
Harvey Gulf International Marine’s CEO, Shane Guidry, announced that, on June 4, 2012, Harvey Gulf signed an agreement with Bee Mar, LLC to purchase all of Bee Mar’s vessels and assets. The purchase will include 10 Offshore Supply Vessels, which will increase Harvey Gulf’s fleet to a total of 32 vessels – with 24 deepwater, new generation Offshore Support Vessels and 8 deepwater towing vessels. Upon closing, Harvey Gulf will have operations in the U.S. Gulf of Mexico, Alaska, Mozambique Africa, Israel and Saudi Arabia.
GOM Rig Utilization Sags
Offshore rig utilization in the U.S. Gulf of Mexico hit a 13-month low during the week ending July 27, according to ODS-Petrodata Group. U.S. Gulf of Mexico rig utilization dropped 1.0 percent percent to 83.0 percent this week, with 176 rigs under contract out of a total of 212. The region's offshore rig utilization has fallen for six consecutive weeks, to the lowest levels since June 2, 2000. European offshore rig utilization increased 1.0 percent to 97.1 percent, with 100 of the regions 103 rigs under contract, according to ODS. Worldwide offshore rig utilization slid 0.4 percent to 88.4 percent with 577 out of 653 rigs with contracts. The ODS total worldwide offshore rig count includes changes in utilization and fleet size in regions beyond just the Gulf of Mexico and Europe.
Offshore Rig Utilization Is Up
Worldwide offshore rig utilization rose this week due to increased drilling rig demand in Europe and the U.S. Gulf of Mexico, according to Offshore Data Services (ODS). The European offshore rig count increased by three rigs, with 92 of the 101 rigs in the region under contract, boosting utilization to 91.1 percent, ODS said. The number of rigs being used in the U.S. Gulf of Mexico remained rose by two to 182 under contract out of 210, putting utilization at 86.7 percent. There were 563 rigs under contract worldwide out of 649. Worldwide offshore rig utilization increased 0.9 percent to 86.7 percent. ODS' total worldwide offshore rig count includes changes in utilization and fleet size in regions beyond just the Gulf of Mexico and Europe.
Statoil Wins Licences Off UK, 'Resets' Exploration Off U.S.
Norway's Statoil was the second top bidder for 13 oil exploration leases in the U.S. Gulf of Mexico and won six licences offshore Britain, it said on Thursday, in a sign it may be looking to boost reserves after slashing costs. Statoil bid a total of $44.5 million for 13 licences in the U.S. Gulf of Mexico, coming second only to Shell and ahead of Hess Corp, Chevron and Exxon, the latest auction results showed. The company said in a separate statement it had won five new operated licences in the northern North Sea and one in the frontier area west of Scotland, committing to drill at least three wells. Statoil said its bids for licences in the U.S.
Harvey Gulf Lease Property at Port of Fourchon
Harvey Gulf International Marine, Inc., has completed the leasing of property in the Port of Fourchon for the support of operations in the deep waters and the shelf of the U.S. Gulf of Mexico. Harvey Gulf plans to upgrade the existing property to support their fleet of offshore towing, supply and diving vessels with Dynamic Positioning Capability. This property will also be capable of supporting other operators in the U.S. Gulf of Mexico. These conversions will be completed by November 2006, and will enhance the company’s position as the industry leader.
Gulf Of Mexico Rig Count Declines
The U.S. Gulf of Mexico rig count declined for the first time in four weeks, according to Offshore Data Services' weekly mobile offshore rig count. This week, 149 of the 191 rigs deployed in the U.S. Gulf of Mexico are under contract, two less than were under contract last week. U.S. Gulf offshore rig utilization now stands at 78.0 percent. The European offshore rig count declined by one rig, the result of a contracted rig moving out of the area. This week, 73 of the 106 mobile offshore drilling rigs in European waters are under contract and European offshore rig fleet utilization is 68.9 percent. A net two-rig decline in the worldwide offshore rig count occurred from last week to this week.
U.S. Offshore Rig Count Hits 17-Month High
The U.S. Gulf of Mexico rig count stands at 150 this week, its highest level since July of 1998. According to Offshore Data Services' weekly mobile offshore rig count, 150 of the 191 offshore rigs in the U.S. Gulf of Mexico are under contract this week. U.S. Gulf mobile offshore rig utilization is 78.5 percent. The improved rig count has been driven primarily by strong domestic natural gas prices, however, natural gas prices have weakened in recent weeks, and this may impact rig demand in the region. The European offshore rig count posted a one-rig increase over last week. This week, 74 of the 107 mobile offshore drilling rigs in the area are under contract. European offshore rig utilization is 69.2 percent.
Cal Dive Sells Off its GofM Surface Diving Fleet
Cal Dive International says it has sold its U.S. Gulf of Mexico shallow water surface diving fleet to a privately held company for cash of US$18.5-million and a 19.9% minority interest in the entity acquiring the assets. Cal Dive explains that the assets sold are comprised of eight surface diving vessels and miscellaneous inventory and equipment and it anticipates recording a gain during the second quarter as a result of the transaction. Net proceeds from the sale were used to repay a portion of the Cal Dive’s revolving credit facility.
Harvey Gulf to Acquire ACO's Offshore Vessels and Related Assets
Harvey Gulf International Marine, LLC and Abdon Callais Offshore, LLC (ACO) have executed a definitive agreement whereby Harvey Gulf is to purchase substantially all of ACO’s assets and business. Purchase includes 48 offshore supply vessels (OSVs), of which four are currently under construction. With its roots in the Callais family tracing back to 1945 and under the later leadership of Harold J. Callais followed by his sons, ACO has long been recognized in the industry as a high quality marine transportation company providing multiple sized…
Worldwide, Regional Offshore Rig Counts Show Little Movement
Worldwide and regional offshore rig counts showed little change since last week, according to Offshore Data Services' weekly mobile offshore rig count. In the U.S. Gulf of Mexico, one less rig is under contract this week compared to last week. In addition, one rig is moving into the area from Europe. The rig does not yet have a contract, but is expected to have work shortly after arrival. U.S. Gulf of Mexico rig utilization fell to 73.5 percent this week from 74.9 percent last week as a result of the one-rig decline in the contracted count and the movement of the additional rig into the area. This week, the U.S. Gulf offshore drilling fleet is comprised of 189 rigs, 139 of which are under contract. The number of rigs under contract in Europe is unchanged since last week at 77.
US States Slow Trump Offshore Oil Drilling Expansion Plan
The Trump administration's plan to broadly expand drilling in U.S. offshore waters is moving slowly due to opposition from coastal states and indifference from oil companies that have turned their focus to other opportunities. The administration hopes encouraging U.S. energy development outside of shale oilfields will further its goal of "energy dominance." But existing Obama administration lease rules remain in place through 2022 unless the new rules gain approval. The Department of the Interior this year proposed opening vast new acreage in the U.S. outer continental shelf to drilling.
SBM Offshore Selects BMT for Stones IMMS
BMT Scientific Marine Services Inc (BMT) has been awarded a contract from SBM Offshore to provide an Integrated Marine Monitoring System (IMMS) for the Stones Floating Production Storage Offshore (FPSO) in the U.S. Gulf of Mexico. The IMMS monitors, logs and displays data in real-time to provide operational support functionality and archives data for assessing the facility’s integrity over time. The Stones IMMS is comprised of a set of subsystems including environmental and facility monitoring, mooring line monitoring, and subsea acoustic monitoring of the disconnectable turret buoy.
Transocean Agrees to Sell Three U.S. GoM Jackups
Transocean Inc. has entered into a definitive agreement with Hercules Offshore, Inc. to sell three of its U.S. Gulf of Mexico jackup drilling rigs and related equipment for $320m. The sales of the GSF Adriatic III, GSF High Island I and GSF High Island VIII will mark Transocean's exit from the shallow-water area of the U.S. Gulf of Mexico. The sales are expected to be consummated at the conclusion of each rig's current contract commitment and are subject to customary closing conditions, including regulatory approvals. The agreement has been approved by the Boards of Directors of both companies. Built in 1982, the GSF Adriatic III is a Marathon LeTourneau 116C design jackup with a water depth capability of 350 feet.
Discoverer Spirit Awarded Contract
Transocean Inc. announced that the ultra-deepwater drillship Discoverer Spirit has been awarded a three-year contract by Anadarko Petroleum Corporation for drilling operations in the U.S. Gulf of Mexico. The three-year contract is expected to commence in December 2010, following the completion of the rig's existing contract commitments in the U.S. Gulf of Mexico. The estimated contract revenues which could be generated over the three-year contract period are $569.4m. Estimated contract revenues represent the maximum amount of revenues that may be earned in the firm contract period, excluding revenues for mobilization, demobilization and cost escalation from November 1, 2007.
Transocean Sedco Forex Gets BP Amoco Contract
An operating subsidiary of Transocean Sedco Forex Inc. has entered into a contract with BP Amoco for the semisubmersible Transocean Rather. The agreement covers one well, with a minimum duration of 120 days, plus an option to drill two additional wells in direct continuation. The drilling program is expected to commence in the U.S. Gulf of Mexico on or around April 1, 2000 and will generate an estimated $9.6 million in revenues. Also, the company said its semisubmersible Transocean Richardson has completed a drilling program in the U.S. Gulf of Mexico with Kerr-McGee Corp. and is now under contract to Anadarko Petroleum to drill two wells over an estimated 60-day duration.
Buckskin Prospect Gets U.S. Deepwater Drilling Permit
Maersk Oil is participating in a new deepwater well in the U.S. Gulf of Mexico after operator Chevron received a drilling permit from the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE). The permit marks the restart of the drilling campaigns Maersk Oil has been a part of in the U.S. Gulf of Mexico after deepwater activities were suspended last year as a consequence of the Deepwater Horizon accident. “We are very pleased that this permit has been issued as it will allow us to move forward with appraisal activities on the exciting Buckskin prospect…
Crowley Tugs Deliver Huge Olympus Platform
Four of Crowley Maritime Corp’s ocean class tugboats , the 'Ocean Wind', 'Ocean Wave', 'Ocean Sky' and 'Ocean Sun', recently completed the successful delivery of the offshore oil production and drilling platform, Olympus, to the U.S. Gulf of Mexico. The project was significant because it provided the first opportunity for all four of the company's new high-bollard-pull, ocean class tugboats to work together on any single job. The rig, owned by Royal Dutch Shell, is also considered the largest tension-leg platform ever to be developed for the U.S. Gulf of Mexico.
Cnooc in Talks for Leases in U.S. Gulf
According to an Oct. 19 report from The Wall Street Journal, Cnooc Ltd. is in talks with Norway's StatoilHydro ASA over a deal for a few leases in the U.S. Gulf of Mexico, a deal that would open the U.S. Gulf to China's oil companies for the first time, a person familiar with the matter said. (Source: The Wall Street Journal)
Chevron: Harvey Should Not Impact GoM Operations
Chevron Corp said on Friday it does not expect Hurricane Harvey to affect its U.S. Gulf of Mexico production. The company, which pumped on average about 128,000 barrels of oil per day from the Gulf last year, has not evacuated any staff, spokesman Morgan Crinklaw said. Most of Chevron's Gulf offshore operations are east of Harvey and are not being inundated with major wind or waves. Reporting by Ernest Scheyder