Saipem Strengthens its Offshore Drilling Fleet: Purchase Option Exercised for the Santorini Drillship
Saipem has exercised its purchase option concerning the seventh-generation Santorini drillship, which is already operating within the Saipem fleet by way of a long-term charter agreement signed with Samsung Heavy Industries in 2021. The exercise price of the purchase option is 230 million USD, to be paid by the end …
Cameron: Signs $350m Contract with Transocean for Pressure Control Equipment Management Services
Riser management and subsea blowout preventer service agreements aim to reduce offshore nonproductive time and total cost of ownership Cameron, a Schlumberger company, today announced the signing of two 10-year pressure control equipment management service contracts on behalf of Transocean valued at greater than $350 million. The first contract calls …
NOV: Launches RIGSENTRY – A New Monitoring Service for Predicting Operational Failures in Subsea BOPs
National Oilwell Varco, Inc. announced today that it has developed and validated the first end-to-end predictive solution that can foresee operational failures in subsea blowout preventer (BOP) components. RIGSENTRY™ now offers a remote condition monitoring service that provides live predictive analytics of subsea BOPs. This predictive feature is the result …
GE: Moves to Innovative Rental Model to Reduce Offshore Drilling and BOP Costs
General Electric Co. is expanding its focus on offshore drilling rig safety with a new business that will take over handling of massive underwater equipment designed to prevent well blowouts and oil spills. Diamond Offshore Drilling Inc. has agreed to sell back its blowout preventers to GE, which will then …
DNV GL: Launches BOP Decision Support Retrieval Support Tool
Retrieving an unreliable blowout preventer (BOP) is a necessary but expensive operation, costing upwards of one or two million dollars and easily the double in developing ultra-deepwater regions. It is also the main cause of downtime during drilling activity. DNV GL is introducing the BOP▪RDT, a real-time, risk-informed BOP retrieval …
DNV GL Establishes Recommended Practice To Manage Wellhead Fatigue Analysis
Addressing wellhead fatigue issues and proving sufficient margin for drilling operations has been a growing challenge for the oil and gas industry over the last decade. Wellhead fatigue can have significant technical, financial and safety implications for the system. In close cooperation with industry partners, DNV GL is addressing this …
J D Neuhaus Purpose Designed Hoists Are Suitable For Heavy Duty Underwater Operation
Lifting and handling products manufactured by the J D Neuhaus company are engineered for performance, reliability and longevity when operating in extreme environments of dirt, dust, high humidity, and even potentially explosive atmospheres. Some of the toughest and more unusual conditions are currently experienced by today’s underwater aquanauts. Divers are …
BP Announces Settlement with Cameron International Corporation of Claims Related to the Deepwater Horizon Accident
BP announced that it has reached agreement with Cameron International Corporation (“Cameron”), the designer and manufacturer of the Deepwater Horizon blowout preventer, to settle all claims between the companies related to the Deepwater Horizon accident and spill. BP and Cameron have concluded that the settlement is in their mutual best …