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.
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
A 46-year-old man is receiving treatment in Oahu after being medevaced from Midway Atoll, Saturday. The Hercules crew flew more than 1,300 miles from Oahu to Midway to complete the medevac. Watchstanders at the Coast Guard Joint Rescue Command Center Honolulu received a medevac
A 46-year-old man is receiving treatment in Oahu after being medevaced from Midway Atoll, Saturday, the U.S. Coast Guard reported. A Coast Guard airplane crew flew more than 1,300 miles from Oahu to Midway to medevac the injured crewmember after watchstanders at the Coast Guard Joint
Rep. Huffman introduces Stop Arctic Ocean Drilling Act; bill would prohibit oil and gas leasing in the Arctic Ocean U.S. Congressman Jared Huffman (Dem.-Calif.) introduced a bill Monday called the Stop Arctic Ocean Drilling Act of 2015
Coast Guard search and rescue crews continue searching for possible survivors from the cargo ship El Faro Monday night, covering a total search area of more than 160,574 square nautical miles. While searching in the vicinity of the ship's last known position 35 nautical miles northeast
Shell Oil Co. marine vessels Noble Discoverer and the semisubmersible drilling unit Transocean Polar Pioneer were inspected by two Bureau of Safety and Environmental Enforcement (BSEE) personnel in Dutch Harbor, Alaska July 7-12, BSEE announced.
Rig provider Hercules Offshore Inc said on Thursday that it expects to file for Chapter 11 protection next month and emerge with a restructured balance sheet in the fourth quarter. The company said last month that it had entered into a restructuring agreement with a majority of its
After extensive review and under a robust array of safety requirements, Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno today announced that Shell has received conditional approval of two Applications for Permits to Drill (APD) to conduct limited exploratory
Shell’s drilling operations in the Chukchi Sea are being overseen 24/7 by inspectors from the U.S. Bureau of Safety and Environmental Enforcement (BSEE) to ensure compliance with federal regulations and safety standards, BSEE said.
Hougen Manufacturing, Inc. has redesigned its HMD904 portable magnetic drill to include new improvements and features. The newest innovation is the mag drill pilot light. The LED light is built into the base of the magnet and allows the operator to more efficiently and quickly line up the
Shell has informed the U.S. Bureau of Safety and Environmental Enforcement (BSEE) that it is set to restart its controversial hunt for Arctic oil, three years after the company’s last ill-fated venture north, reports The Guardian.
Former BP PLC Chief Executive John Browne said fellow FTSE 100 giant Royal Dutch Shell PLC is risking its long term reputation and finances by deciding to drill n the Arctic, the BBC reported. But the CEO of Royal Dutch Shell says he decided to drill for oil off the coast of Alaska
The search for a crew member missing from a containership between Bayonne, N.J. and Ocean City, Md. was suspended, the U.S. Coast Guard reported. The crew member was last reported aboard the 600-foot, Marshall Islands flagged freight ship Ibrahim Dede after departing Bayonne
Inchcape Shipping Services (ISS) has been appointed by Paragon Offshore, Houston, as marine and logistic services provider for a new drilling campaign off the Songo Songo Islands, Tanzania – the first new commercial drilling project in Tanzania in a number of years.
Offshore drilling company Seadrill Limited said it has exercised its right to cancel the contract for the construction of the West Mira drilling unit following builder Hyundai Heavy Industries Co Ltd.’s inability to complete the project on deadline.
Underwater listening station launched to better understand impact of ship noise on at-risk whales Underwater noise has been identified as a key threat to at-risk whales. In order to better understand and manage the impact of shipping activities on whales throughout the southern coast of