Friday, December 17, 2010
Accommodation Barge For Sale -with 1600Ton Crane - Newbuilding- Worldoils Oil, gas and offshore equipment marketplace
Accommodation Barge For Sale -with 1600Ton Crane - Newbuilding- Worldoils Oil, gas and offshore equipment marketplace: "Newbuild Crane Work Barge with Accommodation For Sale"
ASD Tug For Sale - 4400BHP MULTI-PURPOSE ASD TUG- Worldoils Oil, gas and offshore equipment marketplace
ASD Tug For Sale - 4400BHP MULTI-PURPOSE ASD TUG- Worldoils Oil, gas and offshore equipment marketplace: "ASD Tug For Sale in Singapore, Malaysia, Indonesia"
Thursday, December 2, 2010
60Ton AHC Knuckle Boom Offshore Crane For Sale - New- Worldoils Oil, gas and offshore equipment marketplace
60Ton AHC Knuckle Boom Offshore Crane For Sale - New- Worldoils Oil, gas and offshore equipment marketplace: "60Ton AHC Knuckle Boom Offshore Crane For Sale - New"
Wednesday, December 1, 2010
Tuesday, November 16, 2010
SDRL - Seadrill orders new ultra-deepwater drillships for delivery in 2013
Hamilton, Bermuda, November 11, 2010 - Seadrill has entered into a turnkey contract to build up to four new ultra-deepwater drillships at the Samsung yard in South Korea. The first two drillships are firmly ordered with delivery in the first and second quarter 2013, respectively. Total project price per rig is estimated to be less than US$600 million, which includes a turnkey contract with the yard, project management, drilling and handling tools, spares, capitalized interest and operations preparations. The contract further includes a fixed price option for further two drillships to be declared during the first quarter 2011.
The dual derrick drillships are of an improved design compared to the three previous drillships Seadrill has taken delivery of from Samsung, with further enhanced capacity related to water depth, technical capabilities as well as increased accommodation capacity. The new dynamic positioning drillships will be capable of operations in water depths up to 12,000 feet and with a hook load capability of 1,250 tons especially targeting operations in challenging areas such as the Gulf of Mexico, Brazil and West Africa. The drillships will be the first newbuilds to be outfitted with seven ram configuration of the BOP (Blow Out Preventer) stack.
The decision to add another two ultra-deepwater newbuilds to the existing fleet is based on the continued strength of the offshore drilling market, the return that these investments are expected to deliver and the financial flexibility generated by the Company's contract backlog. The order of new drillships is considered financial superior to other alternative investments.
Alf C Thorkildsen, Chief Executive Officer of Seadrill Management AS, says: "Our commitment to establish Seadrill as a leading drilling contractor through investing in new high specification offshore drilling units built by quality yards has been well received by our customers and investors. With the most modern drilling fleet in the world and a total contract backlog of US$11.5 billion, we have created a solid platform for further growth and a continued high return to our shareholders. These orders confirm our positive view on the market outlook as well as our good experience with this design and the Samsung yard."
Jim Dåtland,
Vice President Investor Relations
Seadrill Management AS
+47 51 30 99 19
The dual derrick drillships are of an improved design compared to the three previous drillships Seadrill has taken delivery of from Samsung, with further enhanced capacity related to water depth, technical capabilities as well as increased accommodation capacity. The new dynamic positioning drillships will be capable of operations in water depths up to 12,000 feet and with a hook load capability of 1,250 tons especially targeting operations in challenging areas such as the Gulf of Mexico, Brazil and West Africa. The drillships will be the first newbuilds to be outfitted with seven ram configuration of the BOP (Blow Out Preventer) stack.
The decision to add another two ultra-deepwater newbuilds to the existing fleet is based on the continued strength of the offshore drilling market, the return that these investments are expected to deliver and the financial flexibility generated by the Company's contract backlog. The order of new drillships is considered financial superior to other alternative investments.
Alf C Thorkildsen, Chief Executive Officer of Seadrill Management AS, says: "Our commitment to establish Seadrill as a leading drilling contractor through investing in new high specification offshore drilling units built by quality yards has been well received by our customers and investors. With the most modern drilling fleet in the world and a total contract backlog of US$11.5 billion, we have created a solid platform for further growth and a continued high return to our shareholders. These orders confirm our positive view on the market outlook as well as our good experience with this design and the Samsung yard."
Contact:
Jim Dåtland,
Vice President Investor Relations
Seadrill Management AS
+47 51 30 99 19
Keppel shipyard liable for fire that gutted Aboitiz ship
MANILA, Philippines - The Supreme Court is standing pat on its decision ordering Keppel Cebu Shipyard, Inc. to pay a minimum of P330 million for the fire that burned down Aboitiz Transport System Corp.’s M/V Superferry 3 in 2000.
In a 5-page resolution, the high court’s 2nd division said there are no new grounds that would merit a reversal of its September 25, 2009 decision.
There, the high court saw that the shipyard was negligent in its duties.
The issue stemmed from the ship repair agreement that the then William, Gothong & Aboitiz, Inc. had executed with Keppel.
The agreement allowed the latter to renovate and reconstruct Superferry 3 in its dry docking facility.
While repairs were ongoing, a fire broke out and caused “evasive” damage to the ship. The fire was caused by hot works at a certain portion of the ship that were done despite the absence of a safety permit.
WG&A then subrogated its rights to Pioneer Insurance and Surety Corp., which then sought damages from the shipyard. The vessel had been insured for some P360 million.
The Construction Industry Arbitration Commission, where the case was first elevated, ordered Keppel to pay the insurer a minimum of P25 million.
The legal liability went up to P50 million when the Court of Appeals acquired jurisdiction over the case.
Pioneer however insisted that Keppel is liable for a bigger amount, prompting it to proceed to the high court.
Siding with the insurer, the high court said Keppel said could not make use of the WG&A’s subrogation of its rights to Pioneer in order to ask for limited liabilities.
It had said: “Subrogation is the substitution of one person by another with reference to a lawful claim or right, so that he who is substituted succeeds to the rights of the other in relation to a debt or claim, including its remedies or securities.”
The high court computed the liability at around P329.7 million, excluding interests.
This was later affirmed, but Keppel lodged a second motion for reconsideration in an attempt to have the full court look at its case.
In its latest ruling, the high court said “[the full court] is not an appellate court to which unfavorable decisions or resolutions of a division may be appealed.”
It stressed: “Insistent reiteration, in one form or another of arguments already passed upon and rejected cannot be countenanced. Under no circumstances may a litigant or counsel engage the court in indeterminable squabbling about the correctness of its orders and dispositions.”
This is an extract from http://www.abs-cbnnews.com/business/11/16/10/keppel-shipyard-liable-fire-gutted-aboitiz-ship
In a 5-page resolution, the high court’s 2nd division said there are no new grounds that would merit a reversal of its September 25, 2009 decision.
There, the high court saw that the shipyard was negligent in its duties.
The issue stemmed from the ship repair agreement that the then William, Gothong & Aboitiz, Inc. had executed with Keppel.
The agreement allowed the latter to renovate and reconstruct Superferry 3 in its dry docking facility.
While repairs were ongoing, a fire broke out and caused “evasive” damage to the ship. The fire was caused by hot works at a certain portion of the ship that were done despite the absence of a safety permit.
WG&A then subrogated its rights to Pioneer Insurance and Surety Corp., which then sought damages from the shipyard. The vessel had been insured for some P360 million.
The Construction Industry Arbitration Commission, where the case was first elevated, ordered Keppel to pay the insurer a minimum of P25 million.
The legal liability went up to P50 million when the Court of Appeals acquired jurisdiction over the case.
Pioneer however insisted that Keppel is liable for a bigger amount, prompting it to proceed to the high court.
Siding with the insurer, the high court said Keppel said could not make use of the WG&A’s subrogation of its rights to Pioneer in order to ask for limited liabilities.
It had said: “Subrogation is the substitution of one person by another with reference to a lawful claim or right, so that he who is substituted succeeds to the rights of the other in relation to a debt or claim, including its remedies or securities.”
The high court computed the liability at around P329.7 million, excluding interests.
This was later affirmed, but Keppel lodged a second motion for reconsideration in an attempt to have the full court look at its case.
In its latest ruling, the high court said “[the full court] is not an appellate court to which unfavorable decisions or resolutions of a division may be appealed.”
It stressed: “Insistent reiteration, in one form or another of arguments already passed upon and rejected cannot be countenanced. Under no circumstances may a litigant or counsel engage the court in indeterminable squabbling about the correctness of its orders and dispositions.”
This is an extract from http://www.abs-cbnnews.com/business/11/16/10/keppel-shipyard-liable-fire-gutted-aboitiz-ship
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