Monthly Archives: May 2012
Recap: Worldwide Field Development News (May 25 – May 31, 2012)
|This week the SubseaIQ team added 2 new projects and updated 13 projects. You can see all the updates made over any time period via the Project Update History search. The latest offshore field develoment news and activities are listed below for your convenience.|
- Statoil Charters Light Well Intervention Vessels to Increase Recovery (mb50.wordpress.com)
- USA: Statoil Extends Maersk Developer Contract for GoM Work (mb50.wordpress.com)
- Norway: Statoil, Aker Solutions Enter USD 1.9 bln Cat B Well Intervention Deal (mb50.wordpress.com)
Obama and Energy: Collected Cartoons
From The Week
From The Week
From Solid Principles
Editor’s Note: Above is a collection of political cartoons taking President Obama to task for his energy policies.
Souece: Energy Tribune- Obama and Energy: Collected Cartoons.
Pacific Drilling Receives LoA for Pacific Sharav Drillship
Pacific Drilling S.A., a fast growing company dedicated to becoming the preferred ultra-deepwater drilling contractor, has received a letter of award for the Pacific Sharav drillship, revealed the company’s CEO Chris Becket.
CEO Chris Beckett commented on the increasing demand for ultra-deepwater units: “During the early part of 2012, demand for ultra-deepwater drillships continued to strengthen, as demonstrated by the acceleration in multi-year inquiries and contract awards with increasingly higher dayrates. We expect to see market demand exceed supply well into 2014.”
He added: “In this favorable market context, the Pacific Sharav received a letter of award from a major oil company for a long term commitment. We expect to provide more details on this commitment in the coming weeks. These positive market dynamics supported our decision to order a seventh drillship, scheduled for delivery in May 2014.”
Construction of the Pacific Sharav started in March 2012 at Samsung Heavy Industries in South Korea. Delivery of the rig is expected in September 2013. The vessel, of Samsung 12000 design, will be capable of operating in 12,000 ft water depth and equipped for 40,000 ft drilling depth. The ship will be able to accommodate a crew of 200.
Pacific Drilling’s fleet of seven ultra-deepwater drillships will, once completed, represent one of the youngest and most technologically advanced fleets in the world. The company currently operates four recently delivered drillships and has two additional drillships under construction and one on order at Samsung.
During the first quarter of 2012, the company invested $102 million in the construction of the fleet, including the initial payment for its seventh drillship.
“We estimate the remaining capital expenditures for our committed drillships at $1.6 billion,” read the company’s statement.
Source: Pacific Drilling Receives LoA for Pacific Sharav Drillship| Offshore Energy Today.
- Pacific Drilling – Operations (video) (mb50.wordpress.com)
- South Korea: SHI to Build Seventh UDW Drillship for Pacific Drilling (mb50.wordpress.com)
- Strong Demand for UDW Drillships Spurs Seadrill to Order One More from SHI (South Korea) (mb50.wordpress.com)
- Pacific Santa Ana Drillship Arrives in U.S. Gulf of Mexico to Work for Chevron (mb50.wordpress.com)
USA: SCA’s Award for Excellence in Safety Goes to Bollinger Shipyards
Bollinger Shipyards, Inc. was awarded the 2011 “Award for Excellence in Safety” by the Shipbuilders Council of America for the seventh consecutive year. With focused efforts of continuous improvement, they also earned the 2011 SCA “Award for Improvement in Safety”.
Read more: Shipbuilding Tribune – USA: SCA’s Award for Excellence in Safety Goes to Bollinger Shipyards.
- Sparre to Retire From Bollinger After 51 Years in the Shipyard Industry (maritime-executive.com)
SMU Report: Permitting delays & new regs stifling offshore drilling
The offshore drilling industry is still rebounding from a five-month moratorium and new regulations after the 2010 Gulf oil spill, with consumers paying the price at the pump, according to a new report being released today.
The findings buck the conventional wisdom about a recent resurgence in offshore drilling that has caused a spike in demand for workers and a run on rigs to drill new wells.
Drilling contractors, including Diamond Offshore Drilling Inc., Noble Corp., and Rowan Cos., say they are seeing strong demand for their rigs. Energy analysts predict 10 more will float into the Gulf this year. And the number of active offshore rigs in the United States was higher at the end of April 2012 than the average total in 2009, the year before the spill (the economic decline had driven down demand that year).
But according to the new analysis, conducted by the Southern Methodist University Cox Maguire Energy Institute, high rig counts, the numbers of federal permits to drill new wells and other positive stats mask problems that could mean suppressed oil and gas production for years to come.
The study was commissioned by the Gulf Economic Survival Team, which has been lobbying for swifter permitting of offshore projects.
Read more: Fuel Fix » SMU Report: Permitting delays & new regs stifling offshore drilling.
- Diamond Offshore Orders New Drillship in South Korea (mb50.wordpress.com)
- Ocean Rig Corcovado Starts Drilling Offshore Brazil (mb50.wordpress.com)
- USA: Hercules Offshore Secures Contract for Newly Bought Rig (mb50.wordpress.com)
- Odfjell Offshore Raising up to $500M to Develop Fleet (mb50.wordpress.com)
Recap: Worldwide Field Development News (May 18 – May 24, 2012)
|This week the SubseaIQ team added 5 new projects and updated 33 projects. You can see all the updates made over any time period via the Project Update History search. The latest offshore field develoment news and activities are listed below for your convenience.|
- Anadarko: Another Major Discovery Offshore Mozambique (mb50.wordpress.com)
- UK: Cove Encourages Shareholders to Accept Shell’s Takeover Bid (mb50.wordpress.com)
- Anadarko Strikes More Mozambique Gas (mb50.wordpress.com)
- Ocean Rig Drillship to Drill for Chariot Offshore Namibia (mb50.wordpress.com)
- Recap: Worldwide Field Development News (Apr 27 – May 3, 2012) (mb50.wordpress.com)
- Anadarko expands massive Mozambique discovery (fuelfix.com)