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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. 


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 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


Hercules Offshore Filing for Bankruptcy Again

(Photo: Hercules Offshore)

Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection. The company said it had entered into a restructuring support agreement with some lenders, which will eventually allow it to place all its unsold assets into a wind-down vehicle until they can be sold. Hercules Offshore said its international units would not be included in the bankruptcy filing


Hercules-2 Officially Launched

Hercules-2-logo

MAN Diesel & Turbo, Wärtsilä and Winterthur Gas & Diesel to collaborate on major, EU-funded project.   A major cross-industry initiative led by MAN Diesel & Turbo, Wärtsilä, and Winterthur Gas & Diesel, to develop basic technologies for use in 2- and 4-stroke marine engines has been officially launched. The Hercules-2 project is aimed at fostering environmentally sustainable and more efficient shipping


Hurricane Exercise option over Drilling Rig

Logo

Hurricane Energy, the UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces that, further to the rig contract amendments entered into with Transocean, the Company exercised its option over the Transocean Spitsbergen drilling rig on 25


Maersk Drilling to Pilot GE’s Marine Data Analytic Tools

Image: GE

GE and Maersk Drilling have partnered for a data analytic-driven pilot project that aims to increase Maersk’s drilling vessels’ productivity and reduce maintenance costs by up to 20 percent.   The two companies have collaborated to deploy SeaStream Insight


Five Rescued from Capsized Boat off Carolina Beach, NC

Coast Guard and partner agencies rescued five people Saturday from a capsized vessel Photo USCG

Coast Guard and partner agencies rescued five people Saturday from a capsized vessel about three miles off the coast of Carolina Beach. Sector North Carolina watchstanders in Wilmington received a mayday call at approximately 7:30 a.m.  requesting help.


New Industrial Four-speed Mag Drill

HMD934 (Photo: Hougen Manufacturing)

Hougen Manufacturing, Inc. has released a new model of portable magnetic drill, the HMD934, offering increased power and performance for holemaking in serve industrial applications.   The HMD934 was developed to give metal fabricators more strength and torque to drill large deep holes in


Rolls-Royce Equipped Vessels Enter Service with Qatari CG

Ares 110 Hercules (Photo: Rolls-Royce)

Qatar’s Coast Guard Command has taken delivery of the first in a series of 17 composite hull boats powered and propelled by MTU high-speed engines and Rolls-Royce Kamewa waterjets.   The vessels, two Ares 75 and one Ares 110 Hercules


Maersk Names Fourth Jack-up at DSME

Photo by Maersk

 Maersk Drilling’s fourth XL Enhanced ultra-harsh environment jack-up was named on 14 October at a ceremony held at the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea.   "Maersk Drilling’s fourth XL Enhanced ultra-harsh environment jackup was


Operation Render Safe Brings Safety to Solomon Islands

The ongoing menace of explosive remnants of war will again be tackled in the Solomon Islands by the multinational team assigned to Operation Render Safe 16

The dangers posed by explosive remnants of war in the Solomon Islands will again be tackled with the commencement of Operation Render Safe 16 over the weekend.   The annual ADF-led Operation Render Safe deployment is Australia’s enduring commitment to the removal of unexploded and


MN100: Massachusetts Maritime Academy

(Photo: Massachusetts Maritime Academy)

101 Academy Drive Buzzards Bay, MA  02532 Tel: (508) 830-5012 Email: blima@maritime.edu Website: www.maritime.edu President: RADM Fran McDonald   The Company: Massachusetts Maritime Academy offers seven undergraduate Bachelor of Science degrees and two graduate Masters of Science


Maersk Drilling Delivers $164m Profit

Claus V. Hemmingsen, CEO in Maersk Drilling  Photo Maersk

Maersk Drilling delivered a profit of USD 164m (USD 218m) in the second quarter of 2016. The result is positively impacted by a strong operational performance with an average uptime of 98% and savings on operating costs, however partly offset by more idle days


First ISDS for DNV GL Classed Ocean Greatwhite

Ocean Greatwhite is 123 metres long and 78 metres wide and was delivered at Hyundai Heavy Industries in Ulsan, South Korea. Credit HHI

DNV GL has welcomed the world’s largest semi-submersible drilling rig into class recently. Ocean Greatwhite is 123 metres long and 78 metres wide and was delivered at Hyundai Heavy Industries in Ulsan, South Korea. Owned by the Houston-based drilling contractor Diamond Offshore


Injured Mariner Medevaced from Tanker off Florida

Screenshot from U.S. Coast Guard video courtesy of Air Station Clearwater

The U.S. Coast Guard medevaced a man Thursday who sustained a head injury 90-miles east of Jacksonville.   A Coast Guard Air Station Savannah MH-65 Dolphin helicopter crew medevaced the 33-year-old man from the vessel Eagle Texas, an 800-foot tanker homeported in the Marshall Islands.


Lloyd's Register Extends Drilling Rig Integrity Support

Exploration begins by BHP Billiton using the Deepwater Invictus rig and supported by Lloyd’s Register’s rig integrity team. Lloyd’s Register (LR) announced it has extended rig integrity support for the Deepwater Invictus drilling rig


Chemical Tanker Runs Aground off Alaska

A 599-foot Norway flagged chemical tanker Champion Ebony ran aground near Nunivak Island, Alaska on June 24.   U.S. Coast Guard Sector Anchorage watchstanders received a report from the National Response Center that the vessel ran aground carrying approximately 14


Postal Stamp Celebrates Maritime History

©2016 USPS

The U.S. Postal Service has previewed a new stamp highlighting California’s San Francisco Maritime Historical Park with a photograph of an iconic three-masted sailing ship. The stamp is the 14th of 16 new Forever Stamps to be revealed over a three-week period to celebrate the National


SharpEye Radar for Qatari Coastguard Patrol Boats

Image: Kelvin Hughes

Kelvin Hughes is to supply its SharpEye S-band radar together with its new 12kW radar for 17 patrol boats currently being built at ARES Shipyard, Turkey for Qatar’s Coast and Borders Security Department.   All the electronic equipment for the vessels - which include 24m, 34






 
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