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Source: Asiasis
Posted on 5/31/2011 / 0
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May 31, 2011
Fairstar and GSI signed LOI for new 50,000dwt semi-submersible vessel
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Source: Asiasis
Hyundai wins $1.1 bln drillship order from Rowan
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Source: Reuters
Posted on 5/31/2011 / 0
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Combi Lift handles anchor handling tug supply vessels
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Source: Heavy Lift
Posted on 5/31/2011 / 0
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Aker Solutions wins drilling equipment contracts
Aker Solutions has won two contracts to supply complete drilling equipment packages for two new deepwater drilling units that are being built by Cosco, the Chinese shipbuilding company.
The combined value of the contracts is about $195 million, and includes options for a further two units.
"These contracts underline our attractive offering in the deepwater drilling market. Current tender activity is high, and we are pleased to see that our position in the deepwater market is competitive," says Thor Arne Håverstad, executive vice president and head of Aker Solutions' drilling technologies business.
The equipment will be delivered to both units during 2012 and 2013.
Aker Solutions offers complete drilling equipment packages, including project management, conceptual design, detailed engineering and procurement. We provide the full range of topside drilling equipment and systems, and worldwide customer support through our global drilling lifecycle services organisation.
Source: Aker Solutions
Source: Aker Solutions
Posted on 5/31/2011 / 0
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Aker Solutions to supply three subsea production control umbilicals for Chevron
Aker Solutions has been selected to supply three subsea production control umbilicals for the Chevron operated Jack & St. Malo field developments in the Gulf of Mexico. Contract value is undisclosed.
The production control umbilicals will provide hydraulic, electrical and fiber optic service to the Jack and St. Malo subsea fields. Scope of work includes three electro-hydraulic steel tube production umbilicals totalling 40 miles (65 kilometres). Engineering, project management, and manufacturing will take place at Aker Solutions' state-of-the-art umbilical facility in Mobile, Alabama. The three umbilicals will be used at Chevron's Jack & St. Malo field, located in the Walker Ridge Area of the Gulf of Mexico in water depths of approximately 7,000 feet (2,100 metres).
"Aker Solutions is excited to see Chevron come back to us with a repeat order and is proud to contribute to this very important project for Chevron and for the Gulf of Mexico region," said Erik Wiik, President - Subsea North America, Aker Solutions.
Opened in 2003, Aker Solutions' umbilical manufacturing facility in Mobile is strategically located to serve the Gulf of Mexico and global markets. The facility, with its high capacity horizontal cabler, is specially designed to meet the challenges of demanding deepwater applications.
Aker Solutions is the market leader within steel tube umbilicals. This position has been backed by a strong focus on health, safety and the environment (HSE) which has been exemplified through reaching an important milestone of five years without a lost time injury (LTI) at both production sites in Moss, Norway, and in Mobile, Alabama.
Over the past 15 years Aker Solutions has delivered more than 400 umbilicals to some of the world's most challenging fields, from harsh environment to ultra-deep, high-pressure water conditions.
Aker Solutions' contract party is Aker Subsea Inc.
Source: Aker Solutions
The production control umbilicals will provide hydraulic, electrical and fiber optic service to the Jack and St. Malo subsea fields. Scope of work includes three electro-hydraulic steel tube production umbilicals totalling 40 miles (65 kilometres). Engineering, project management, and manufacturing will take place at Aker Solutions' state-of-the-art umbilical facility in Mobile, Alabama. The three umbilicals will be used at Chevron's Jack & St. Malo field, located in the Walker Ridge Area of the Gulf of Mexico in water depths of approximately 7,000 feet (2,100 metres).
"Aker Solutions is excited to see Chevron come back to us with a repeat order and is proud to contribute to this very important project for Chevron and for the Gulf of Mexico region," said Erik Wiik, President - Subsea North America, Aker Solutions.
Opened in 2003, Aker Solutions' umbilical manufacturing facility in Mobile is strategically located to serve the Gulf of Mexico and global markets. The facility, with its high capacity horizontal cabler, is specially designed to meet the challenges of demanding deepwater applications.
Aker Solutions is the market leader within steel tube umbilicals. This position has been backed by a strong focus on health, safety and the environment (HSE) which has been exemplified through reaching an important milestone of five years without a lost time injury (LTI) at both production sites in Moss, Norway, and in Mobile, Alabama.
Over the past 15 years Aker Solutions has delivered more than 400 umbilicals to some of the world's most challenging fields, from harsh environment to ultra-deep, high-pressure water conditions.
Aker Solutions' contract party is Aker Subsea Inc.
Source: Aker Solutions
Posted on 5/31/2011 / 0
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Cosco Kang Sheng Kou takes Jack-up rig to Alaska
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Source: Muskeg News
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McDermott Wins Pipeline Installation Project in Gulf of Mexico
"We are pleased to be working again for PEMEX in the Gulf of Mexico. Our installation solution for this project will be supported by our subsea engineering design group in Houston and fabrication work from our construction yard in Altamira, Mexico," said Stephen M. Johnson, McDermott's Chairman, President and Chief Executive Officer.
Pipeline installation engineering is expected to begin in the second quarter of 2011, with subsequent fabrication of the risers, clamps and guards, subsea tie-in assembly and additional platform piping and structural items from Altamira. McDermott's DB16 will perform the installation work, with completion expected by the end of the year.
DB16 is outfitted with a customized Automatic Welding System that offers high weld production rates and production flexibility. The vessel and its crew are recognized for producing repeatable high-quality welds with exceptional mechanical properties. Also impressive is the vessel's underwater block, capable of lifting large amounts of tonnage into deepwater.
The field development in the Gulf of Mexico sits in approximately 170 feet of water. The pipelines will run from the Kambesah Wells Recoverer Structure to the Kutz TA platform and the Ixtoc-A platform.
More about DB16
DB16 is a dynamically positioned, shallow and deepwater combination barge with the flexibility of installing structures or S-Laying pipe up to 48-inch in diameter. The vessel is equipped with three 100 kip tension machines and five pipelay welding stations, an abandonment and recovery hoist for laying down pipelines in deep water. The DB16's 200-foot long deep water truss stinger with an A-Frame and an underwater block enables it to lower heavy structures up to 62 tons into water 10,000 feet deep, and lift up to 94.5 tons in water depths of 6,000 feet.
More about Altamira Fabrication Facility
Altamira offers significant advantages for McDermott's customers such as cost efficiency and space, and with a new enclosed assembly building nearing completion; this facility will offer the largest under cover assembly bays of any of McDermott's competitors on the Gulf Coast.
Located in the Port of Altamira, Mexico, the McDermott fabrication facility is one hour's flight time from Houston, Texas and 30 minutes flight time from Brownsville, Texas. Strategically and competitively positioned for turnkey offshore construction of modules, hulls and substructures, as well as rig repair and upgrade services, this expansive yard has direct, unrestricted access to open sea and an extensive 40-foot deep quayside (47.5-feet expected September 2011).
Altamira's equipment and infrastructure, material flow and management are designed for optimum performance, delivering safe, efficient, cost-effective offshore construction and rig repair and upgrade solutions.
This yard caters to customers throughout the Gulf of Mexico and Atlantic region.
ABOUT McDERMOTT
McDermott is a leading engineering, procurement, construction and installation ("EPCI") company focused on executing complex offshore oil and gas projects worldwide. Providing fully integrated EPCI services for upstream field developments, the Company delivers fixed and floating production facilities, pipelines and subsea systems from concept to commissioning. McDermott's customers include national and major energy companies. Operating in more than 20 countries across the Atlantic, Middle East and Asia Pacific, the Company's integrated resources include more than 15,000 employees and a diversified fleet of marine vessels, fabrication facilities and engineering offices. McDermott has served the energy industry since 1923.
Source: McDERMOTT
Posted on 5/31/2011 / 1
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Qatar signs deal for two major ports in Egypt
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Source: Arabian Business
Posted on 5/31/2011 / 0
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Ensco plc Completes Acquisition of Pride International
Under the terms of the agreement, with exceptions for certain UK residents and dissenting stockholders, Pride International stockholders are receiving 0.4778 newly-issued shares of Ensco plus $15.60 in cash for each share of Pride International common stock. The shares of Ensco will continue to be listed and traded as American Depositary Shares on the New York Stock Exchange under the symbol, “ESV.” Effective as of the close of trading today, Pride International common stock will cease trading.
Chairman and CEO Dan Rabun said, “Today is an important milestone in Ensco’s history. Through this transaction, we have expanded our deepwater fleet with drillship assets, and now have a substantial presence in Brazil and West Africa – both strategic, high-growth markets. In addition, we have gained major new customers from around the world.”
Ensco’s expanded rig fleet is made up of seven ultra-deepwater drillships, 13 dynamically positioned semisubmersibles, seven moored semisubmersibles and 49 premium jackups. The ultra-deepwater fleet is the newest in the industry and the active premium jackup fleet is the largest of any driller. Several technologically-advanced drillships, semisubmersibles and ultra-premium harsh environment jackups are under construction as part of Ensco’s ongoing strategy to continually high-grade the fleet.
Mr. Rabun added, “We are the industry leader in customer satisfaction having collectively earned the top ranking in 14 of 16 separate categories in EnergyPoint’s recent survey of customers in the global oilfield. This recognition, coupled with our enhanced rig fleet and expertise, will enable us to further capitalize on growth opportunities worldwide.”
As contemplated under the merger agreement, David A.B. Brown and Francis S. Kalman have joined Ensco’s Board of Directors effective today. Both are former directors of Pride International . Recently, Paul E. Rowsey III was appointed by Ensco’s Board of Directors as the Lead Director.
As previously announced, Mr. Rabun will continue as Chairman, President and CEO of Ensco and James W. Swent will continue as Senior Vice President and Chief Financial Officer. Others named to the executive management team include:
William S. Chadwick, Jr. – Executive Vice President and Chief Operating OfficerJ. Mark Burns – Senior Vice President, Western HemisphereP. Carey Lowe – Senior Vice President, Eastern HemisphereJohn Knowlton – Senior Vice President, TechnicalKevin C. Robert – Senior Vice President, Marketing
The Company will be managed through five regional business units:
- North &
South America (excludingBrazil ) Brazil Europe & MediterraneanMiddle East &Africa Asia &Pacific Rim
The Company’s second quarter 2011 earnings conference call is scheduled for Tuesday, 9 August 2011 . Dial-in details will be provided in the second quarter 2011 earnings press release that will precede the conference call. As a result of the merger and the integration of the businesses of the two companies, business segment disclosure will be revised to be based on asset type: deepwater, midwater and jackups.
Source: Ensco plc
Posted on 5/31/2011 / 0
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Seadrill secures new jack-up contract in Thailand
Alf C Thorkildsen, Chief Executive Officer in Seadrill Management AS, says, "We are pleased to secure a new contract for one of our jack-ups in the South East Asia region. We consider this as an excellent opportunity to further strengthening our relationship with PTTEP, one of our key customers. Representing a total contract value of US$35 million, this assignment improves the earnings visibility for our jack-ups."
Source: Seadrill
Posted on 5/31/2011 / 0
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All SM Korean shipbuilders feared to fall extinct
Just following the shipping crisis which started in the second half of 2008, the shipbuilding crisis has already lasted over two and half years, reaching the stage that all traditional
small and medium-sized (SM) Korean shipbuilders who have played an important part of Korean shipbuilding industries for the past 20 years may fall to extinction in future, some argue.
[Read More]
Source: Shipping Online
small and medium-sized (SM) Korean shipbuilders who have played an important part of Korean shipbuilding industries for the past 20 years may fall to extinction in future, some argue.
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Source: Shipping Online
Posted on 5/31/2011 / 0
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SeaBird Works on Plan for Second OBN Vessel
Through a mutual understanding between the yard and SeaBird, a condition for delivering the vessel in Q2/Q3 2012 was that a firm Shipbuilding contract was to be signed within May 2011. SeaBird is still developing its plans for a second OBN crew.
However, at present it is not considered good timing to introduce further commitments on the company with a firm construction contract for a second node vessel.
SeaBird is the front runner in developing the OBN technology, and has successfully completed six surveys for four super oil-majors over the past two years. SeaBird continues to see a growing interest in this technology, and expects more continuity in future surveys with potential for longer term contracts. SeaBird will revert to considerations of expanding capacity in due time.
Source: SeaBird
Posted on 5/31/2011 / 0
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