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Transocean Inc. Releases Update on Fleet Contract Status

Transocean Inc. (NYSE:RIG) announced that its report of drilling rig status and contract information covering the company's offshore drilling fleet has been updated as of October 30, 2007. Drilling rig status and contract information on Transocean Inc.'s offshore drilling fleet has been condensed into a report titled "Transocean Fleet Update," which is available through the company's Worldwide Web address at www.deepwater.com. Statements regarding the estimated duration of client contracts, contract dayrate amounts, future contract commencement dates and locations, planned shipyard projects, other out of service time, as well as any other statements that are not historical facts in the report, are forward-looking statements that involve certain risks, uncertainties and assumptions. These include but are not limited to operating hazards and delays, risks associated with international operations, actions by customers and other third parties, the future prices of oil and gas and other factors detailed in the company's most recent Form 10-K and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated.


ISM Code Implementation - Phase II

Certain freight vessels and self-propelled mobile offshore drilling units (MODUs) to which the ISM Code does not currently apply will come within its ambit on 1 July 2002. The U.S. Coast Guard will require, commencing January 15, 2002, that such vessels include in their advance notice of arrival to the United States a statement regarding their status under the ISM Code. At the same time, the Coast Guard will commence a pre-enforcement campaign to verify ISM Code compliance and issue letters to


Transocean Awarded Contract

Transocean Inc. announced that a subsidiary of Eni has awarded an estimated six-month contract for the semisubmersible rig Transocean Legend for drilling operations offshore Indonesia. The contract is expected to commence in November 2006, following the completion of an existing contract commitment offshore Sakhalin Island. Revenues that could be generated over the estimated six-month contract period total an approximated $79 million, excluding revenues for mobilization


Sea Containers Being Investigated

The law firm of Finkelstein, Thompson & Loughran announces that a lawsuit seeking class action status has been filed in the United States District Court for Southern District of New York against Sea Containers Ltd. and certain of its officers and directors on behalf of purchasers of Sea Containers securities between March 15, 2004 and March 24, 2006, inclusive, Finkelstein, Thompson & Loughran is investigating similar claims at this time and welcomes inquiries from


Salazar Statement on Leasing Court Ruling

U.S. Department of the Interior Secretary Ken Salazar issued the following statement regarding the U.S. Court of Appeals for the District of Columbia Circuit ruling on DOI’s request for clarification of the Court’s earlier decision to vacate the 2007-2012 Outer Continental Shelf oil and natural gas leasing program:  “I am pleased with the Court’s decision.  Consistent with the Department’s request


Contractors, B&W, Comment on US Government Shutdown Effect

The Babcock & Wilcox Company has issued the following statement regarding the potential impact of the government shutdown: "B&W is closely monitoring the government shutdown and the effect it could have on our business results and operations. We do not expect any delays or impacts to the Babcock & Wilcox Nuclear Operations Group for the foreseeable future. Babcock & Wilcox Technical Services Group (B&W TSG) continues to follow direction from the U.S


Royal Caribbean Issues Statement Regarding Millennium

Celebrity Cruises has been working in cooperation with Chantiers de l'Atlantique, the builder of its newest ship, Millennium, to evaluate the ship's performance. The ship is equipped with the cruise industry's first gas turbine engines, and testing has demonstrated that Millennium has unusually low levels of noise and vibration. However, testing also has shown that under certain unusual sea conditions a vibration could be felt within certain areas of the ship.


WCI Chairman Issues Statement

calhoun_web.jpg

Rick Calhoun, President of Cargo Carriers (Cargill) and Chairman of Waterways Council, Inc., released a statement today regarding the state of emergency on the Lower Mississippi River. “The inland waterways navigation system is the most important transportation asset in the United States and is vital to the economic well-being of this country,” Calhoun said.  “We urgently call on the Federal government today to take all necessary steps to provide funding for this


Carnival CEO Issues Statement Regarding Costa Concordia

The statement of Micky Arison, chairman and CEO of Carnival Corporation & plc, parent company of Costa Cruises:   We are deeply saddened by the reports of additional deaths following the grounding of the Costa Concordia. On behalf of the entire Carnival Corporation & plc team, I offer our heartfelt condolences to all of those families affected by this tragedy.   Our immediate priority continues to be supporting rescue and recovery efforts and looking after our


FMC Commissioner Doyle on P3 Final Decision

FMC Commissioner William P. Doyle

U.S. Federal Maritime Commissioner William P. Doyle issued the following statement regarding China’s decision on the proposed P3 Network: The People’s Republic of China has rejected the P3 Vessel Network Sharing Alliance based on the competition concerns in the Asia-Europe shipping market. The U.S. Federal Maritime Commission had the responsibility to review the P3 Parties’ submission for their vessel network sharing alliance on the Trans-Pacific and Trans-Atlantic trade


Scotland's 'No' to Independence Welcomed by Shell

Union flag: File photo

Royal Dutch Shell CEO Ben van Beurden on Friday welcomed Scotland's vote against independence. "Shell welcomes the decision by the people of Scotland to remain within the UK, which reduces the operating uncertainty for businesses based in Scotland," van Beurden said in a statement.


Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle. Swiss pump maker Sulzer, in which Renova Group has a 33 percent stake


Ban Launches UN Ebola Response Mission

Two midwives in Ebola protective gear supplied by UNFPA hand over a newborn to her mother at the Star of the Sea Clinic in West Point, Monrovia, Liberia. Photo UNFPA Liberia

  IMO Secretary-General Ban Ki-moon has officially established the United Nations Mission for Ebola Emergency Response and has instructed the advance teams for the first-of-its-kind operation to head to its base in Accra, Ghana, by Monday, 22 September.


DNV GL Supports Call to Put a Price on Carbon

Bjørn Kj. Haugland, DNV GL Chief Sustainability Officer, here with Christiana Figueres, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), and Erik Rasmussen, CEO of Monday Morning Gl

  DNV GL joins global push to put a price on carbon. Over 1,000 companies and 73 countries now support a price on carbon to start bringing down emissions. Speaking on the sidelines at the UN Climate Summit in New York, DNV GL Group Sustainability Officer Bjørn K


Korea Shipbuilder Wins US$400-M Greek Order

Contract: File image

Daewoo Shipbuilding & Marine Engineering Co., South Korea’s second-largest shipbuilder, says it has signed a contract to build 4 tankships for Maran Tankers Management, a unit of Greece’s largest shipper Angelicoussis Group, according to Yonhap News.


Actera, Esas Buying UN Ro-Ro from KKR

Turkish investment firms Actera Group and Esas Holding have signed an agreement to acquire ferry operator UN Ro-Ro from private equity firm KKR & Co LP, the Turkish companies said in a statement on Tuesday. UN Ro-Ro, KKR's sole investment in Turkey


Tidewater 1Q Results For Fiscal 2015

  Tidewater Inc. announced today first quarter net earnings for the period ended June 30, 2014, of $43.7 million, or $0.88 per common share, on revenues of $385.7 million. For the same quarter last year, net earnings were $30.1 million, or $0.61 per common share, on revenues of $334.1 million


FERC Issues DEIS for Gasport off Puerto Rico

Image: Aguirre Offshore

Excelerate Energy, in cooperation with the Puerto Rico Electric Power Authority (PREPA), has received the Draft Environmental Impact Statement (DEIS) from the Federal Energy Regulatory Commission (FERC) for its Aguirre Offshore Gasport Project (AOGP) located offshore Puerto Rico.


Gabon Signs Offshore Oil Contracts with 6 Companies

Gabon's oil ministry said on Friday it had signed seven oil contracts with six companies as part of an offshore licensing round expected to attract at least $1.1 billion in investment to the sector. "(We) proceeded on August 8 with the signing of seven oil contracts with the companies


Statoil Says Normal Operations at In Amenas Gas Plant Resuming

A general view of Tiguentourine Gas Plant in In Amenas

   Normal operations are resuming at the In Amenas gas plant in Algeria 18 months after a raid by Islamist militants killed forty employees, one of the plant's operators, Statoil, said on Monday. "The corporate executive committee has decided that ordinary rotation is to be


Iraq Sues Tanker Operator over Kurdish Lifting

Iraq has filed a case against Greek shipping company Marine Management Services (MMS) for its role in the "illegal" export of crude from the autonomous Kurdistan region, the oil ministry in Baghdad said in a statement on Thursday.


Panama Canal's JIT Transit Service Modified

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  The arrival time for vessels that have been awarded a JIT (Just-in-Time) Transit Service at Panama Canal will be determined based on the conditions listed below, and not the time the vessel arrives at the sea buoy at either terminal of the Canal.


Areva in Steam Generators Contract in S. Africa

  France's Areva said on Saturday it sealed a contract worth around 300 million euros with South African utility Eskom to replace steam generators at the Koeberg nuclear power plant, near Cape Town. Areva will design, manufacture and install six steam generators in the plant's two


Public Forum to Address US Port Congestion

U.S. Federal Maritime Commissioner William P. Doyle

Examining Causes, Impact on Stakeholders and Exploring Possible Solutions Federal Maritime Commissioner William P. Doyle will host a forum regarding U.S. Mid-Atlantic and Northeast port congestion on October 1, 2014 at the World Trade Center in Baltimore's Inner Harbor


Saudi Shipper Bahri Names Omar as CEO

Photo courtesy of Bahri

The National Shipping Company of Saudi Arabia (Bahri) has named Ibrahim Abdulrahman al-Omar as its chief executive, effective on Oct. 1, a bourse filing said on Wednesday. Omar has worked in several senior positions at firms including Saudi Telecom and its affiliate Viva Bahrain






 
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