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HERCULES DRILLING

Hornbeck Offshore New Directors, Promotion of Exec Officer

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, Man Diesel Continue Research

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


Investigation on the loss of Bourbon Dolphin

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


Hecules Offshore Buy KS Energy Liftboat 'Titan 2'

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 Sells Drillship to Seadrill

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.  


Sembcorp Wins US$236-Million Jack-up Rig Contract

Image courtesy of Friede & Goldman

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. 


Hercules Offshore Shares Fall 33%

  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


Drilling of Relief Well Begins at South Timbalier 220

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


Hercules Offshore to Announce 2Q Results

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.


RAAF Rescues Sailor in Distress near Lord Howe Island

RAAF C-130J

  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


Termination of Seadrill Unit's and Rosneft Deal Extended

Photo: North Atlantic Drilling Ltd.

 North Atlantic Drilling (NADL), a subsidiary of Seadrill, will delay the closing of a deal with Russia's Rosneft by two years and has agreed to renegotiate the terms of the agreement, reports Reuters.   NADL will also be permitted to delay the construction, delivery


Arctic Offshore Rig Gets USCG Escort

(U.S. Coast Guard photo courtesy of Air Station Port Angeles)

U.S. Coast Guard (USCG) crews escorted heavy lift ship Blue Marlin as it toted a controversial 38,000-metric-ton drilling rig into Port Angeles, Wash., Friday. Blue Marlin, Dockwise’s 674-foot semi-submersible heavy lift ship, was escorted into its anchorage location in Port Angeles while


Taylor to Chair NOIA Board

CindyTaylor

  The National Ocean Industries Association (NOIA) Board of Directors has elected Cindy B. Taylor as Chair and Kevin McEvoy as Vice Chairman for the upcoming 2015-2016 term. Taylor and McEvoy assumed their positions at the NOIA Annual Meeting today in Washington, DC.  


BOEM Seeks Comment on Chukchi Sea Exploration

Shell’s Revised Multi-Year Arctic Exploration Plan Deemed Submitted   The Bureau of Ocean Energy Management (BOEM) has deemed submitted Shell Gulf of Mexico, Inc.’s revised multi-year Exploration Plan (EP) and invites the public to review and comment on it


Greenpeace Activists Refuse To Leave Shell Arctic Oil Rig

Greenpeace activists hang on a Shell oil rig on board the Blue Marlin. Photo by Greenpeace International

 "Shell wants activists off its rig. We want Shell out of the Arctic," says Annie Leonard, Greenpeace USA’s Executive Director.   Attorneys for Royal Dutch Shell PLC on Tuesday sued in federal court to remove six Greenpeace activists who boarded a vessel carrying an


Zamakona Inks Agreement with Subsea Masters

From left to right: Harry Waters, Managing Director of Subsea Masters; Álvaro Garaygordóbil, CEO Zamakona Yards Canarias; Borja Garaygordóbil, Managing Director Zamakona Yards Canarias; David Fletcher, Managing Director GEV Offshore and James Rothwell, Project Engineer GEV Offshore (Photo: Zamakona Yards)

Zamakona Yards has signed a partnership agreement with British company Subsea Masters, a specialist in drilling equipment maintenance and repair.   With this agreement the Basque-Canarian Group expands its range of services adapted to the offshore industry.  


Greenpeace Boards Arctic Offshore Rig

Image: Royal Dutch Shell plc

 Six Greenpeace activists boarded a Shell oil drilling ship in the middle of the Pacific Ocean and vowed to stay there to protest the company's plans to drill above the Arctic Circle, the environmental organization said.   They boarded as the drill rig was transported across the


Rosneft Cancels Rig Contract

800px-Rosneft_logo.jpg

  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


Seattle Fears Arctic drilling, Shell Moves Rigs

How we operate in the Arctic: Shell Global

 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


USCG Suspends Search for Overdue Boat near Majuro

Navy P-3 Orion airplane joined in the search  Courtesy USN

  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.


Petrobras Sets Well Depth Record

mages for Sergipe-Alagoas Basin Courtesy Petrobras

  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.


USCG Search for Fishing Boat Near Majuro

This image is of 82-foot fishing vessel Clear Water 02. Coast Guard aircraft and good Samaritan vessels are searching for the vessel and its nine crew members after it failed to return to port. (U.S. Coast Guard courtesy ph

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.


USCG Medevacs Mariner SE of Dutch Harbor, Alaska

Coast-Guard-MH-60-Jayhawk. Courtesy USCG

  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. 


Maersk Drilling Secures Contract for Newest Drillship

Maersk Voyager (Photo courtesy of Maersk Drilling)

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


Keppel FELS to Deliver 100th Jackup Rig

Photo courtesy of Keppel FELS

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






 
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