Singapore’s Jurong Shipyard Firms Contract to Build Q7000 Well Intervention Rig for Helix

Sembcorp Marine on Thursday said it has secured a $346 million contract to build a second semisubmersible well intervention rig for Helix Energy Solutions Group at the companies Jurong Shipyard in Singapore. Scheduled for delivery in mid-2016, the semi-submersible light well intervention rig -named Q7000 by Helix- will be built based on a design jointly developed by Sembcorp … [Read more...]

Capitalizing on a Booming Well Intervention Market, Helix ESG Orders the Q7000

Houston-based deepwater well intervention firm, Helix Energy Solutions Group, Inc. (NYSE: HLX), has announced their plans to build the Q7000, their second newbuild semisubmersible well intervention vessel.  Considering their extremely positive second quarter earnings report this month, this news comes with little surprise. Helix' CFO Tony Tripodo noted in their 2nd quarter … [Read more...]