Partnership Yields New Helical Buoyancy Technology
Diamond Offshore signs joint development agreement with Trelleborg to manufacture and market new Helical Riser Buoyancy design Diamond Offshore Drilling, Inc. and Trelleborg's offshore operation today announced a joint development agreement to develop, manufacture and market Helical Buoyancy riser technology developed by Diamond Offshore. This innovative, patented riser buoyancy design reduces riser drag and mitigates Vortex-Induced Vibration in offshore applications and enables improved operational efficiency. This solution is an alternative to adding fairings or strakes to the
InterMoor Completes Juniper Contract Off Trinidad and Tobago
InterMoor Inc., an Acteon company, has completed its role in the largest foundation installation project offshore Trinidad and Tobago to date. The final stage of the project involved hooking up Diamond Offshore Drilling Inc.’s Ocean Victory semisubmersible drilling rig to the preset mooring spread InterMoor had previously installed. This step marks the completion of InterMoor’s mooring and foundation installation campaign for BP Trinidad and Tobago’s (bpTT) Juniper gas project. The hookup took less than four days and required 14 InterMoor personnel offshore, including rig
IADC to Present Well Control Training Program at OTC
control incident, respond swiftly and appropriately. Presenting the new training program will be Mark Denkowski, IADC Executive Vice President, Operational Integrity; Brooke Polk, IADC Competence and Learning Development Specialist; and Petar Radulovic, Director, Learning & Development, Diamond Offshore Drilling, Inc. The press conference is slated for Wednesday, May 6, 2015 at 9 a.m. in OTC Press Room 406-407, level 2, in the NRG Center.
Diamond Offshore Revenue Rises on Ultra-deepwater Demand
Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a 4.5 percent rise in third-quarter revenue, helped by higher demand and improved rates for its ultra-deepwater rigs. The company also said on Thursday it contracted two new-build rigs to oil producer Hess Corp at a rate much lower than previous client Murphy Oil Corp would have paid if they continued the lease. "... Contracting seventh-gen rigs at $400,000 per day suggests some desperation on the part of management to secure tenor at the expense of rate," Barclays analysts wrote in a note.
Armed with New Technology, Oil Drillers Revisit Gulf of Mexico
the deep water in the foreseeable future," he said. "Most of the prospects that we are developing right now are literally in jack-up rig territory, which is 300 feet or less." Jack-up rigs - mobile platforms with a floating hull - were the one bright spot in rig contractor Diamond Offshore Drilling Inc's recent quarterly results. Revenue from its deepwater business declined. Shallow-water wells are also cheaper. Using infrastructure left over from earlier drilling, they can be installed for about $10 million; a deepwater well would cost upward of $50 million. The returns, so far
February 2024
