USA: Maersk Secures Contract for Deepwater Advanced 2 Drillship

Mb50's "Liquid Mud" Rant

With the signing of a contract for the newbuild drillship Deepwater Advanced 2 Maersk Drilling adds USD 694 million to its contract backlog. Five out of seven newbuild drilling units have now secured contracts..

Maersk Drilling has signed a contract with ConocoPhillips Company a wholly owned subsidiary of ConocoPhillips and Marathon Oil Company a wholly owned subsidiary of Marathon Oil Corporation for the second ultra deepwater drillship in a series of four identical drillships currently under construction.

The estimated total contract value is USD 694 million including mobilization, but excluding cost escalation compensation. The contract duration is three years, with options for up to an additional two years and commencement of operations is expected by mid-2014 upon delivery from Samsung Heavy Industries in South Korea, mobilization to the US Gulf of Mexico and acceptance testing. The drillship will be equipped with two Blow-Out-Preventers (BOPs).

The drillship will be employed by…

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USA: CLNG Launches LNG Export Campaign

Mb50's "Liquid Mud" Rant

The Center for Liquefied Natural Gas (CLNG) announced the launch of a new initiative and dedicated website focused on America’s newfound opportunity to sell liquefied natural gas (LNG) to grow America’s economy, create jobs and improve America’s environment.

The CLNG exports website will provide the public with up-to-date information and expert analyses on the benefits of selling some of our abundant supply of natural gas outside the U.S.

A revolution in American energy has unlocked a vast supply of natural gas, more than enough to meet the needs of our country for generations to come,” said CLNG President Bill Cooper. “We can continue to harness this important resource for our domestic needs while also selling some to our trading partners. This will grow our economy, revitalize our manufacturing sector, and create tens of thousands of American jobs.

These benefits have been confirmed by experts and energy…

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