Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that John T. Rynd and Kevin O. Meyers, Ph.D. have been appointed to its Board of Directors (the "Board"), effective June 23, 2011. Mr. Rynd and Dr. Meyers were appointed to fill the vacancies created by a prior resignation and the Board's decision to increase the number of its directors from seven to eight members. In addition, at the Company's Annual Meeting on June 23, 2011, the shareholders reelected Todd M. Hornbeck and Patricia B. Melcher to the Board. John T. Rynd. Since June 2008, Mr. Rynd, 54, has served as the Chief Executive Officer and President, and as a director, of Hercules Offshore, Inc. (NASDAQ: HERO), a publicly traded global provider of offshore contract drilling, liftboat and inland barge services. From July 2007 to June 2008, he served as Executive Vice President and Chief Operating Officer of Hercules Offshore, Inc. From October 2005 to July 2007, he served as Senior Vice President of Hercules Offshore, Inc. and President of Hercules Drilling Company, LLC. Prior to joining Hercules Offshore, Inc., Mr. Rynd worked at Noble Drilling Services Inc., a wholly owned subsidiary of Noble Corporation, a contract drilling company, as Vice President – Investor Relations from October 2000 to September 2005 and as Vice President – Marketing and Contracts from September 1994 to September 2000. FromJune 1990 to September 1994, Mr
Wärtsilä and MAN Diesel & Turbo enter next phase of HERCULES research project. World-leading low- and medium-speed engine manufacturers, Wärtsilä and MAN Diesel & Turbo, announce the kick off of the next phase of the extensive, long-term HERCULES research programme. The overall vision of the programme is to achieve sustainable and safe energy production from marine power plants. This next phase is made possible by funding from the European Commission
A maritime inquiry into the loss of the Norwegian supply vessel Bourbon Dolphin, which capsized and sank off Shetland with the loss of eight lives, is due to open at a Norwegian court. Smit International has issued a statement about the sinking of the Bourbon Dolphin, which capsized on April 12th whilst performing offshore services for the drill platform Transocean Rather. Subsequently, SMIT Salvage was contracted by Bourbon Offshore Norway AS
Hercules Offshore executes a definitive agreement to acquire the liftboat 'Titan 2' from a subsidiary of KS Energy Ltd. The purchase price is $42 million in cash. The Titan 2 is a 280 foot class vessel, constructed in 2008, registered and flagged in Panama, and currently located in Limbe, Cameroon. The Company expects the acquisition to close in early March 2013, subject to completion of certain customary closing conditions.
Ship Finance International Limited announced that Seadrill Limited has exercised a purchase option for an ultra-deepwater drilling unit. Ship Finance acquired the West Polaris in 2008 and chartered it to a subsidiary of Seadrill on a long-term bareboat charter where Seadrill was granted certain purchase options, first time in 2012. The purchase option price is $456 million and the transaction will be effected as a sale of the shares in the asset-owning subsidiary.
Drilling contractor Hercules Offshore Inc's shares fell as much as 33 percent to a record low on Friday, a day after Deutsche Bank cut its price target on the company's stock to $0. State-owned oil company Saudi Aramco terminated its contract for one of Hercules Offshore rigs on Thursday, prompting the brokerage to downgrade the stock to 'sell' from 'buy'. Rig operators are struggling to find work as oil producers scale back spending and drilling activity in response
Hercules Offshore, Inc. has scheduled a conference call to discuss its second quarter 2007 financial results on August 3, 2007. The call will take place at 10:00 a.m. The financial results are scheduled to be released publicly prior to market opening in the United States on that same day.
The Bureau of Safety and Environmental Enforcement (BSEE), U.S. Coast Guard, and Walter Oil & Gas Corporation (Walter), through the Unified Command, continue to oversee and coordinate response efforts to secure the South Timbalier 220 natural gas Well A-3. Safety of personnel and protection of the environment remain the top priorities. Drilling began on the relief well Sunday using the Rowan EXL-3 jack-up rig, contracted by Walter
Singapore's Sembcorp Marine says that its subsidiary Jurong Shipyard has secured a US$236 million (about S$296 million) contract to build a high specification, tailor-made jack-up rig for new customer Hercules North Sea Ltd. Scheduled for delivery in the second quarter of 2016, the jack-up rig will be built based on the Friede & Goldman JU 2000E design which has enhanced features suitable for UK operations.
The crew onboard a Royal Australian Air Force (RAAF) C-130J Hercules transport aircraft helped rescue a lone sailor during a maritime emergency off Lord Howe Island. The C-130J Hercules from Number 37 Squadron at RAAF Richmond responded to a call for help from the Australian Maritime Safety Authority (AMSA). The C-130J was one of four aircraft AMSA called to assist, including AMSA’s Essendon based dedicated search and rescue Dornier aircraft
Petrobras has broken a new domestic record for exploratory drilling by reaching a water depth of 2,990 meters. This was achieved in February while drilling a well in the Moita Bonita area of Sergipe-Alagoas Basin, 92 km from the city of Aracaju.
The Coast Guard suspended the search Saturday for an overdue 83-foot commercial fishing vessel near the Republic of Marshall Islands. Fishing vessel Clear Water 02 reportedly went missing with nine people aboard while en route Majuro for offload, March 12.
Shell Oil Co is poised to restart oil drilling in the Arctic in the near future once it receives the go-ahead from the U.S. government, which could happen soon. The decision to allow the oil company access has been controversial among environmentalists groups as well as local
Russian oil firm Rosneft has cancelled a contract for a two-and-a-half year rig contract with Northern Offshore and Seadrill's North Atlantic Drilling Ltd, the Norwegian offshore driller said. Western sanctions against Russia, and Rosneft in particular
U.S. Coast Guard (USCG) search operations continue for a student reported overboard from a Japanese training vessel approximately 70 miles southwest of Kauai, Tuesday. USCG said its watchstanders at the Coast Guard Sector Honolulu Command Center were notified at 9:56 a.m
Maersk Drilling’s third XL Enhanced ultra harsh environment jack-up was named Maersk Integrator by Statoil’s Executive Vice President Margareth Øvrum at a ceremony held at the Keppel FELS shipyard in Singapore Saturday morning.
The Coast Guard and Navy are continuing the search for a student reported overboard from a Japanese training vessel approximately 70 miles southwest of Kauai, Tuesday. Coast Guard and Navy assets have searched 9,412 square miles totaling 83 search hours.
The Obama administration on Friday proposed standards on exploratory drilling for oil and gas in U.S. Arctic waters that would add costs for energy companies but aim to protect against catastrophic spills. The rules, proposed by the Department of Interior
James Fisher Marine Services’s (JFMS) multipurpose wind farm support vessel, Dart Fisher, has been formally named by the vessel’s Godmother Maria McCaffery MBE, CEO of RenewableUK at a dedication service held at Griffon Hoverwork, Southampton.
The U.S. Coast Guard International Ice Patrol opened the annual ice season February 3 to detect and track icebergs in the North Atlantic Ocean. The IIP deployed its first Ice Reconnaissance Detachment (IRD) to Newfoundland, Canada, to meet with Canadian partners and to conduct the initial
Rolls-Royce waterjets and MTU diesels to power 17 new patrol boats for the Qatar Coastguard Rolls-Royce has secured a £15.8 million contract to supply Rolls-Royce MTU high-speed engines and a suite of waterjet propulsion systems for the the Qatar Coastguard’s 17 fast patrol
Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) is on track to deliver PV Drilling VI, a KFELS B Class jackup rig, to PV Drilling Overseas (PVDO), a subsidiary of PetroVietnam Drilling & Well Services Corp (PV Drilling) on time
Maersk Drilling was awarded a contract from eni Ghana Exploration and Production Ltd. for employment of the newbuild drillship Maersk Voyager. The contract will see Maersk Voyager work on the Offshore Cape Three Points (OCTP) Project offshore Ghana with expected commencement in July 2015
A Coast Guard Air Station Kodiak MH-60 Jayhawk helicopter crew, forward deployed in Cold Bay, Alaska, medevaced an ailing mariner off the Turkish-flagged 600-foot freight ship 26 Agustos approximately 230 miles southeast of Dutch Harbor, Alaska, Saturday morning.
The Coast Guard continues the search for an overdue 82-foot commercial fishing vessel near the Republic of Marshall Islands, Saturday. Fishing vessel Clear Water 02 reportedly went missing with nine people aboard while en route Majuro for offload, Thursday.