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New Deepwater

Canyon Offshore Purchases Triton ROVs

Canyon Offshore has purchased three new Triton XLS Work Class Remotely Operated Vehicles from Perry Slingsby Systems, Inc. Triton XLS, a new deepwater, 100-horsepower vehicle is specifically designed for deep and ultra deepwater operations. Depth-rated to 2,500 meters (8,200 feet) and equipped to carry a payload of 200 kg. (440 lbs.), the Triton XLS series improves the controls, performance and features of the Triton XL with greater depth capabilities, and a significantly longer 390-meter (2,130-foot) tether cable deployed from the proven Triton Top Hat Tether Management System. The XLS’s 3,000 kg (6,600 lbs.) of lifting capability provides a platform for a wide variety of tooling modules, including trenching skids, flowline connector modules, and other intervention tooling skids. Canyon Offshore will take delivery of the XLS 1 and 2 in April 2003 and XLS 3 in May 2003. The vehicles will be available worldwide to support Canyon Offshore’s activities in the Gulf of Mexico, Asia Pacific and the North Sea. Canyon Offshore operates one of the world’s largest fleet of Perry Slingsby work class ROV systems.


Offshore Rig Counts Unchanged

The number of mobile offshore drilling rigs under contract is unchanged from last week, according to Offshore Data Services' weekly mobile offshore rig count. In the U.S. Gulf of Mexico, 139 of 190 mobile offshore drilling rig are under contract this week. U.S. Gulf drilling fleet utilization is 73.2 percent. Among the working rigs is a new deepwater drillship, which has moved to its first drilling location. In the North Sea, Mediterranean Sea and other European waters


Friede Goldman Signs $143 Million Contract to Build Millennium SA

Friede Goldman International Inc. (FGI) has signed a $143.2 million contract with Rudgil SA, a subsidiary of Schahin Engenharia e Comercio Ltda. of Brazil, for the construction of a Friede Goldman-designed "Millennium SA." The Millennium SA (South America) is the latest in new, deepwater semisubmersible designs from FGI subsidiary Friede & Goldman, Ltd., (F&G) a New Orleans-based naval architecture and marine engineering company.


Maersk Chooses DCT Gdansk

Maersk Line announced that with effect from December 1, it will switch its Polish operations from BCT in to the new deepwater container terminal DCT Gdansk. Maersk Line said: “After many years of good cooperation with BCT Gdynia, the time has come to explore new possibilities with DCT Gdansk, allowing Maersk Line to continue to offer its customers a reliable product while maintaining a high level of efficiency  and  cost  effectiveness. 


Aker Solutions Wins Drilling Equipment Contracts

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Aker Solutions signed two contracts with Daewoo Shipbuilding & Marine Engineering (DSME) for the delivery of complete drilling equipment packages for two new deepwater drillships. The contracts have a total value of about $230m. The drilling equipment and systems will be installed on the two vessels, which are being constructed at DSME's yard in South Korea.  Each delivery has a contract value of about $115 million, and includes options for additional equipment and services.


Offshore Newfoundland Geophysical Survey Contract Awarded

Map courtesy of PGS

PGS in cooperation with TGS begins data acquistion on  a new 20,000 km MultiClient 2D survey over the Northeast Newfoundland Shelf. The M/V Sanco Spirit has returned to Newfoundland and Labrador once again utilizing PGS GeoStreamer® broadband technology.  Data acquisition will continue into early Q4 2012 and the vessel will complete the survey in 2013. “Northeast Canada and the far North represent some of the most exciting new deepwater exploration areas in the world


APL: Vietnam Seaport Master Plan Must Have Long-Term Focus

Vietnam must better coordinate the planning and construction of an integrated seaport network to handle the country’s rapid trade growth, according to container transportation leader APL. The company was providing an update of the findings outlined in a research paper, entitled: “Vietnam Transportation and Logistics: Challenges and Opportunities”, developed earlier this year by the NOL Group, the Singapore-based parent company of APL


Seaway Falcon Performs Deepest Pipelay

Stolt Offshore in Houston has successfully completed a deepwater subsea to subsea installation, including one flowline and one umbilical, for Shell's single well Einset project in the Gulf of Mexico, reports Bjorn Koi, Stolt's project manager. "Subsea to subsea installations are 'rare' in the industry but may become more prevalent as we move into deeper waters. To date, most subsea tie-backs have been supported by host platforms in shallower water


Port Dolphin Energy Regulatory Milestone

Port Dolphin Energy, LLC, announced that a Record of Decision has been signed in its application for a license to build a deepwater liquefied natural gas (LNG) port off the West Coast of Florida. The Record of Decision paves the way to the awarding of a deepwater port license to be issued by the U.S. Maritime Administration. The signing marks the successful completion of a comprehensive Environmental Impact Statement directed by the U.S


Spar Hull Installation Contract for McDermott

McDermott awarded Gulf of Mexico Spar hull installation contract for Williams Partners. McDermott International, Inc. announce that one of its subsidiaries has been awarded a contract by Williams Partners L.P. for transportation and installation services for a Spar hull in the Gulf of Mexico. McDermott will transport and install the Gulfstar FPS GS-1 Spar hull and moorings. Located approximately 150 miles offshore, the Spar platform is destined for the Gulf of Mexico’s Mississippi


Offshore Drilling Market Dip May Prolong

Maersk Viking: Photo credit Maersk Drilling

The global offshore drilling market's dip could be longer than previously expected and charter rates could take until 2017 or 2018 to recover to last year's levels, the head of Maersk Drilling said on Thursday. Oil groups continue to delay projects to save cash and rig rates will fall further


FTO Services Announces Completion of First Vessel

Island Performer naming: Photo credit FMC Technologies

FTO Services announced today that construction of its new deepwater well intervention services vessel has been completed. The naming ceremony for the new vessel, Island Performer, was held in Ulsteinvik, Norway on June 27. During the event, about 200 guests including executives from FTO Services


ESS Lands Second Contract with Dolphin Drilling

Bolette Dolphin

ESS Support Services Worldwide, part of Compass Group, has won a new, three-year contract, worth £10.5 million, to provide hotel and catering services to Dolphin Drilling Ltd. Aberdeen-based ESS has worked with Dolphin Drilling since 2007


Private Equity Firms Double down on Venari's Offshore Drilling

Gulf of Mexico deepwater oil explorer Venari Resources LLC said on Wednesday it had raised $1.3 billion from original backers Warburg Pincus LLC, Kelso & Co, the Jordan Company and Temasek Holdings, as well as new investors. GIC, Singapore's sovereign wealth fund


Singapore's Jaya Delivers New Deepwater PSV

PSV Jaya Valour: Photo credit Jaya Holdings

Jaya Holdings Limited say that the new PSV was delivered on schedule and on delivery went on-hire immediately, embarking on its maiden voyage as part of a long term charter contract in South East Asia with an existing customer undertaking fracturing work.


Shale Oil Is it a Threat to Future Deepwater Development?

In general the floating production sector looks healthy and growth remains strong. But the sudden expansion of shale oil and tight oil production could disrupt the growth trajectory in the deepwater sector. Deepwater The underlying drivers for deepwater development point toward continued


ROV Work-Class Operations Expenditure to Grow 80%

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From 2013 to 2017 Douglas-Westwood (DW) forecast total ROV operations expenditure of approximately $9.7 billion (bn), an increase of nearly 80% over the previous five-year period ($5.4bn) in this sixth edition of the World ROV Operations Market Forecast.  


Ulstein Designed Aegir Wins KVNR Award

Aegir © Ulstein Sea of Solutions - Aerolin Scherm

Heerema Marine Contractors’ new Deepwater Construction Vessel Aegir, a customized Ulstein SOC 5000 design developed by Ulstein Sea of Solutions, won the Dutch KVNR Shipping Award. KVNR is the Dutch Association of Ship Owners. Designed by Ulstein Sea of Solutions


LDD Awarded Liverpool 2 Terminal Work

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Large Diameter Drilling (LDD), an Acteon company, has won a contract to supply drilling equipment and personnel for the delivery of foundation installation services at Liverpool 2, the new deepwater container terminal for the U.K. port. The contract is part of a major initiative to expand


Latest Transocean Offshore Rig Status Report

Image courtesy of Transocean

Transocean's latest comprehensive Fleet Status Report provides the current status and contract information for the company's entire fleet of offshore drilling rigs. The total value of new contracts since the December 18, 2013 Fleet Update Summary is approximately $48 million. In additon:


Petrofac Order Hi-end Offshore Construction Vessel

Image courtesy of Petrofac

Service provider to the oil and gas industry, UK-based Petrofac, confirms placement orders to build its new proprietary design Petrofac JSD 6000 deepwater derrick lay vessel, which will be available for construction and installation activities in early 2017.


Bourbon Revenues Rise in 2013

Photo: Bourbon

Revenues up 10.5% vs. full year 2012 to €1.312 billion and up 6.0% vs. fourth quarter 2012 to €331.6 million impacted by U.S. Dollar depreciation against the Euro •    Annual Revenues up 10.5% partly due to a 5


Bourbon's Revenues up in 2013

Net Income Group share up 174% to €115 million. Increased operating margin1 and capital gains generated €575.7 million EBITDA, up 41.7% compared to 2012.   EBITDAR2 (excluding capital gains) reached €450.3 million (+17.6%), an increase of 2.1 pts to 34


Conrad Delivers Massive Deck Barge to JR Gray

Photo: Conrad Shipyard

JR Gray Takes Delivery of 300’ 6,000 psf deck barge from Conrad Shipyard’s New Deepwater South facility Conrad Shipyards announced today the delivery od a 200’ x 100’ x 19’10” ABS-classed ocean deck barge to Gray Offshore


Padbury Mining Secures $6.5 Bln Port Funding

Source: Padbury Mining

Australia's Padbury Mining Ltd said it had secured almost $6.5 billion in funding to build a new deepwater port and railway at Oakajee in Western Australia, potentially opening a new export hub for the region's iron ore riches.   Plans for a port at Oakajee in Western Australia's Midwest






 
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