Swiss-based offshore contractor Allseas Group S.A. has acquired the former Petrobras ultra-deepwater drillship Vitoria 10000 for conversion to a polymetallic nodule collection vessel. She is 228 m long, 42 m wide, and
MAY 1, 2018 — ABS reports that it has awarded the world’s first Managed Pressure Drilling (MPD) –Ready Notation to Ocean Rig for the ABS-classed Corcovado and Mykonos deep water drillships. The
APRIL 13, 2018 — DNV GL has revised its classification rules for Managed Pressure Drilling (MPD) systems and introduced two new class notations DRILL(MPD) and DRILL(MPD READY). Stena Drilling Ltd. (SDL) is
APRIL 20, 2016 – Transocean Ltd. (NYSE: RIG) reports that it has reached an agreement with Sembcorp Marine’s subsidiary, Jurong Shipyard Ptd Ltd, to defer the delivery and related final payments of
DECEMBER 21, 2015 — Atwood Oceanics, Inc. (NYSE: ATW) said today that subsidiaries of the company have agreed with Daewoo Shipbuilding & Marine Engineering Co. (DSME) to delay delivery of two newbuild
NOVEMBER 10, 2015 — In what’s become unusual in the current market, a drilling contractor today had two pieces of positive news to report. Atwood Oceanics, Inc. (NYSE: ATW) said today that
Pacific Drilling S.A. (NYSE:PACD) reports that it has exercised its right to rescind the construction contract for ultra-deepwater drillship Pacific Zonda “due to the failure by Samsung Heavy Industries (SHI) to timely deliver a vessel that substantially meets the criteria required for completion of the vessel in accordance with the construction contract and its specifications.”
Pacific Drilling says it made advance payments totaling approximately $181.1 million under the shipbuilding contract, and will be seeking a refund of the installment payments.
The company inked a contract for the drillship with Samsung Heavy on January 25, 2013 that provided for a delivery date of March 31, 2015.
The cancelation comes after the October 27 news that Fred Olsen Energy had canceled an semisubmersible drilling rig order at Hyundai Heavy Industries and the October 26 announcement that Transocean, Shell ans Daewoo Shipbuilding & Marine Engineering Co. (DSME) had agreed to push back the operating and delivery contracts of two newbuild ultra-deepwater drillships – the Deepwater Pontus and the Deepwater Poseidon – by 12 months each.
OCTOBER 26, 2015 — In yet another indication of the slowdown in global offshore drilling activity, Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today reported a mutual agreement with customer Shell EP Wells
JULY 3, 2014—Leading classification society ABS, Houston, TX, has entered into a joint development project (JDP) with South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) to develop the first Liquefied Natural Gas-fueled
FEBRUARY 27, 2014 — Singapore’s Sembcorp Marine is starting the year with significant orders. Yesterday it announced that its PPL Shipyard had signed a turnkey jack-up rig contract worth US$214.3 million with
