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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.  

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 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.

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

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-2 Officially Launched


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

Is Oil Industry Backing Away From Offshore Arctic Drilling ?

Prirazlomnaya platform. Photo: Information Directorate, Gazprom

 The principal difficulty for Arctic offshore drilling right now, according to oil industry think tank, is economic.  The companies may be back for another try at Arctic offshore drilling, in U.S. waters or elsewhere, if economic conditions change, reports AP.  

Fishing Crew Rescued After Engine Fire

A crew of 36 fishermen was rescued Sunday from a Papua New Guinean ship after an engine fire left the fishing vessel disabled roughly 200 miles off Tokelau, a territory of New Zealand in the South Pacific.   The rescue was coordinated by the Rescue Coordination Centre New Zealand (RCCNZ)

Search On For Missing Sailboat in Gulf of Mexico

USCG HC-130 Hercules airplane

  The Coast Guard is searching for an overdue boater near Main Pass in the Gulf of Mexico, Monday. Missing is Keith Carver, 61, of Tucson, Az. Carver's girlfriend notified watchstanders at Coast Guard Sector Corpus Christi that his 38-foot sailboat, the Carpe Noctem, was overdue on Nov

British Forces Assist Stricken Cruise Liner

Military assets deployed in support of Falkland Island government in cruise ship rescue. In support of the Falkland Island Government, British forces based in the Falkland Islands yesterday responded to a distress call by the 10,000 tonne cruise ship ‘Le Boreal’

ISS Bags Tanzania's Paragon project

Paragon Offshore’s jack-up rig M826 in position.

  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.

Seadrill Cancels West Mira Construction Contract

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.  

Port Monitors Impact of Ship Noise on Whales

Photo: Port Metro Vancouver

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

Injured Fisherman Medevaced from Midway Atoll

HC-130 Hercules airplane of USCG

  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

US Coast Guard Medevacs Injured Fisherman

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

House Bill Introduced to Block Arctic Drilling

Jared Huffman (Official photo)

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

USCG Search for Missing Crew of El Faro

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 ships last known position 35 nautical miles northeast of Crooked Islands, Bahamas, the Coast Guard located a deceased person in a survival suit in the water.  A heavily damaged life boat with markings consistent with those on board the El Faro was also located Sunda

  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

USCG, RCAF to Conduct Joint Training

A Royal Canadian Air Force CH-146 Griffon helicopter taxis past a U.S. Coast Guard Air Station Traverse City MH-65D Dolphin helicopter after joint training operations

  The crew of Coast Guard Air Station Traverse City is hosting an international joint search-and-rescue exercise with members of the Royal Canadian Air Force beginning Tuesday in and around the Traverse City area. The Royal Canadian Air Force's 424th Transport and Rescue Squadron based at

Sevan, Cosco Agree Rig Delivery Delay

Image by Sevan Drilling ASA

 Norway-headquartered drilling contractor Sevan Drilling and Chinese shipbuilder Cosco Corporation have agreed to delay the end of the first deferral period for cylindrical ultra deep water drilling rig Sevan Developer from 15 October 2015 to 1 November 2015.  

Arctic Oil Drilling: Why Does U.S. End It?

Image: An oil drilling rig operated by Royal Dutch Shell ran aground on a pristine wildlife-rich island in Alaska in 2013. Credit: Panda.Org

The Obama administration has taken steps to keep drill rigs out of Alaska's northern ocean for a decade or more. The sudden of turnabouts is attributed to slowing down of economy. The U.S. Department of Interior announced that it is canceling two lease sales and will not extend current leases for

Drilling the Earth’s Mantle Beneath the Atlantic

Robot drills on RRS James Cooks deck (Photo: NOC)

A team of scientists will set sail from Southampton to drill through the Earth’s mantle in the center of the Atlantic Ocean. They leave on board the Royal Research Ship James Cook on October 26, 2015 to explore the Atlantis Massif, a 4000 meter high underwater mountain.

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