Ulstein to Deliver Innovative Subsea Vessel to GC Rieber Shipping in 2014

Mb50's "Liquid Mud" Rant

Ulstein to Deliver Innovative Subsea Vessel to GC Rieber Shipping in 2014| Offshore Energy Today

When working in the most extreme offshore environments, crews have to be able to rely on the absolute integrity and performance of their vessels. Ulstein Group has joined forces with GC Rieber Shipping to offer the market a new standard in operational security and performance – a ship that refuses to accept failure, thanks to the pioneering ‘operation+’ philosophy.

GC Rieber Shipping, the Norway-based harsh environment shipping specialist, has charged ULSTEIN with developing a high-capacity subsea vessel based on its SX121 design. This NOK 800 million ship, ordered in June 2012, alongside an option for a sister vessel, has been commissioned in response to strong market desire for offshore construction support vessels (CSVs) for deep and harsh environments.

Reliability in the extreme

Alongside state-of-the-art features, equipment and performance figures, the vessel will give GC Rieber Shipping maximum operational availability – a vital characteristic for both the company and those chartering…

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Worldwide Field Development News Aug 17 – Aug 23, 2012

Mb50's "Liquid Mud" Rant

This week the SubseaIQ team added 1 new projects and updated 14 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.

Asia – Caspian

Seismic Survey Completed on RWE Dea’s Block 23 Offshore Turkmenistan

Aug 20, 2012 – RWE Dea has completed its 3D seismic survey offshore Turkmenistan in under four months. Approximately 154 square miles (400 square kilometers) was acquired in RWE Dea’s Block 23, which was awarded as part of a production sharing contract (PSC) in 2009.
According to RWE Dea, it will take several months for geologists and geophysicists to interpret the processed data collected from the Miocene and Pilocene rock strata at depths of 9,842 to 21,325 feet (3,000 to 6,500 meters). This 3D seismic survey transitioned from onshore to shallow water…

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USA: ANGA Provides CNG Buses for Republican National Convention

Mb50's "Liquid Mud" Rant

America’s Natural Gas Alliance (ANGA) announced that it is providing buses fueled by clean, affordable, American compressed natural gas (CNG) for the 2012 Republican National Convention.

The 12 shuttle buses, dubbed the GOP EZ Shuttles, will transport convention participants on specific routes to several hotels, as well as attractions in the Tampa Bay area, including Ybor City and Busch Gardens. ANGA is working with local utility TECO Peoples Gas and Ultimate CNG to provide CNG fuel for the buses.

CNG fuel provides significant cost savings over diesel-fueled buses. When compared to diesel, compressed natural gas costs about $1.69 less per gallon equivalent. CNG also offers fleets an American fuel choice that is cleaner for the environment.

“We are proud to have this opportunity to provide transportation to convention participants in Tampa and to give them a first-hand experience with natural gas vehicles,” said ANGA President and Chief Executive Office…

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Houston, TX: Petrobras Awards Subsea Supply Contract to Dril-Quip (Brazil)

Mb50's "Liquid Mud" Rant

Dril-Quip, Inc. today announced that Dril-Quip do Brasil LTDA, its wholly owned subsidiary, has been awarded a four-year contract by Petrobras, Brazil’s national oil company, for the supply of subsea wellhead systems and associated tools to be used in the drilling of deepwater wells offshore Brazil.

Based on current exchange rates and after Brazilian taxes, the contract is valued at $650 million if all of the equipment under the contract is ordered. Amounts will be included in Dril-Quip’s backlog as purchase orders are received under the contract. Dril-Quip expects to begin delivering products under the contract in the second half of 2013.

The contract is subject to customary terms and conditions for agreements of this type, including termination, extension, product inspection, local content requirements and price adjustment provisions.

Dril-Quip is a leading manufacturer of highly engineered offshore drilling and production equipment, which is well suited for use in deepwater…

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