Nicosia, Cyprus – Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, announced that it has signed a new drilling contract for its semisubmersible drilling rig Eirik Raude with an independent operator, for work offshore West Africa. The expected total backlog to complete the two-well program is estimated at $ 67.5 million for a period of 84 days. The new contract is expected to commence after the rig completes its scheduled 10-year special survey. The customer has the option to extend the contract for one additional well for an estimated duration of approximately 40 days. Ocean Rig owns and operates nine offshore ultra deepwater drilling units, including two ultra deepwater semisubmersible drilling rigs and seven ultra-deepwater drill ships, three of which remain to be delivered to the company during 2013.
DryShips Inc. (NASDAQ: DRYS) a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that it has entered into an agreement with a major South Korean shipyard, for the option to construct up to four ultra deepwater drillships. The new orders would be sisterships of the drillships under construction with further upgrades to the specification. Each of the four options can be declared within twelve months of this
Samsung Heavy Industries gets $645-million order for advanced capability, ultra-deepwater drill ship Ensco plc has has ordered a new advanced-capability, ultra-deepwater drillship to be built at the Samsung Heavy Industries, Co. Ltd. (SHI) Shipyard in Geoje, South Korea. The vessel, ENSCO DS-8, will be the sixth Samsung DP3 drillship in the Ensco fleet, extending the benefits of Ensco’s fleet standardization strategy
Greece's NASDAQ-listed DryShips Inc. says it intends to resume sales under its previously announced $200 million program of 'at the market issuances' of its common shares through Evercore Group L.L.C. as its sales agent. To date, the Company has issued 6,892,233 common shares under the program resulting in gross proceeds of $24.1 million. DryShips adds that a prospectus supplement related to the offering has been filed with the Securities and Exchange Commission. About DryShips
Offshore deepwater drilling services provider Ocean Rig informs that the pricing of its previously announced offering has been priced at 100% of par, with a stated interest rate of 7.250%. The Notes are being sold in a private offering within the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain other persons outside of the United States in reliance on Regulation S under the
Seadrill Limited informs it has received commitments from 17 banks for a US$1.35 billion credit facility with a 5 year term and 10 year amortization profile to refinance the credit facilities secured by the West Pegasus, West Gemini, and West Orion. The transaction was initially launched as a US$900 million facility secured by two ultra-deepwater units. However, due to strong interest from the Company's banking group, the facility was upsized to US$1
Dallas, Texas-based ENSCO International Inc. reported one of its subsidiaries has entered into a definitive drilling contract for the ENSCO 8502, an ultra-deepwater semisubmersible rig, with Nexen Petroleum USA Inc. The contract calls for a minimum two-year primary in the Gulf, which can be extended to a three- or four-year term. The aggregate day rate revenue for the two-year term is expected to be $340m. The drilling rig is the company’s third of four ultra-deepwater
DeepStar, a group consisting of 10 leading deepwater operators, has awarded Aker Kvaerner a contract for a study to develop a semisubmersible production platform for use in coming ultra-deepwater field developments. The study was won in competition with a number of deepwater floater expertise contractors, and Aker Kvaerner was awarded the contract based on the company's leading experience with deepwater floaters. DeepStar wants to get a credible solution for future developments in
Transocean announced that the ultra-deepwater semisubmersible Deepwater Nautilus has been awarded a minimum three-year contract extension commencing in December 2008 by a subsidiary of Royal Dutch Shell. Under the terms of the amendment extending the term of the drilling contract, Shell has the right to elect, by June 30, 2008, to extend the contract by an additional year, to a total of four years. Estimated contract revenues that could be generated over the three-year or four-year (if
Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, has announced the following: $1.35 billion Bank Facility The Company announced that it has signed a supplemental agreement to amend certain provisions in its $1.35b Senior Secured Facility dated February 28, 2013. George Economou, Chairman and Chief Executive Officer of the Company commented: “We are pleased that our syndicate of commercial banks and export credit agencies agreed to our request to
Transocean Ltd. has issued a monthly Fleet Update Summary which includes new contracts, significant changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since May 15, 2014. The high-specification jackup, GSF Magellan, is held for sale.
Maersk Drilling has ordered four Blow Out Preventers (BOPs) and two risers from GE Oil and Gas to be used in the Project 20K™ agreement with BP. The BOPs and risers are intended to be delivered and deployed on two Maersk Drilling 20K™ Rigs by year-end 2018
ICBC Financial Leasing Company Limited signed a leasing project with Schahin of two ultra-deepwater drilling rigs during China-Brazil Business Council-Annual Meeting 2014 on 17th July 2014. The contract values $1.08bn and eventually serves for Petrobras
Norway’s Kleven announced it has signed a shipbuilding contract with Malaysian based joint venture company IES Pioneer Ltd. The vessel is of Norwegian design company MarinTeknikk’s MT 6015 MPSV design and will be outfitted with a crane, helideck and FiFi II
Kongsberg Maritime inform it has been contracted to deliver substantial technology packages for ten new pipelaying vessels ordered by Brazilian multinational energy corporation, Petrobras. In contracts valued approx. NOK 118 Million, the scope of supply includes Kongsberg Maritime's leading
In a letter to shareholders chairman, Ian C. Strachan and Steven L. Newman, president and CEO, set out a summary of offshore drilling specialist Transocean's 2013 operations, excerpted as follows: • Revenue and Backlog Full year 2013 net income attributable to controlling interest was $1
Three European companies have won contracts for almost half the value of Angola's $16 billion ultra-deepwater Kaombo oil project, confirming a trend toward bigger scale and risk for the deep-sea contracting and construction sector. Saipem of Italy announced a $4 billion contract related to
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
As some pre-salt plays begin production, a wide range of subsea infrastructure is being built, with O&G transportation pipeline grids being one of the vital downstream systems. Saipem has been recipient of the first major contracts to install deepwater pre-salt pipelines by national operator
Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices, sending its shares up as much as 10.5 percent. The company - owned 50
In its First-Quarter 2014 results Pacific Drilling announces revenue of $225.6 million for the three months ended March 31, 2014, as compared to revenue of $200.5 million for fourth-quarter 2013 and $175.0 million for first-quarter 2013. Highlights
Shareholders have approved a dividend of $3.00 per share (or approximately $1.1 billion in the aggregate (based upon the number of currently outstanding shares), out of additional paid-in capital and most other proposals at the 2014 Annual General Meeting, inform Transocean.
Ensco plc (NYSE: ESV) announced today that its Board of Directors has declared a regular quarterly cash dividend of US$0.75 per Class A ordinary share payable on 20 June 2014. The ex-dividend date for this payment is expected to be 5 June 2014, with a record date of 9 June 2014
Offshore driller Seadrill signed a five-year, $1.1 billion contract with Total for work offshore Nigeria, it said on Monday. The contract, for Seadrill's newly built ultra-deepwater West Jupiter drillship, is worth around $600,000 per day, including mobilisation
Greece's DryShips, says that its wholly-owned subsidiary, Ocean Rig UDW, has signed definitive documentation, following the previously announced contract award for the 6-year contract for drilling operations offshore Angola for its ultra deepwater drillship the 'Ocean Rig Skyros'.