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.
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 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
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
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
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
The EC intends to set up an Independent Group of Experts to advise the EC on a strategy for dealing with accidents in the transport sector. According to a press statement issued by the EC, the Group would conduct independent technical investigations geared toward revealing the causes of accidents and would be modeled on existing legislation regarding accidents in air transport.
The California Office of Spill Prevention and Response (OSPR) issued a Notice of Proposed Rulemaking regarding the tank vessel escort requirements for Port Hueneme. The major purpose of the proposal is to make these regulations consistent with those for other California ports. No additional costs for the regulated community are anticipated, based on this proposal. OSPR also issued the Draft Amendment and the Initial Statement of Reasons
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.
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
Following recent reports in the media regarding the use of Emergency Position Indicating Radio Beacons (EPIRBs) the Department of Transport, Tourism & Sport wishes to clarify the position regarding the approval and use of EPIRBs in Ireland.
Exmar NV announced that it expects to submit to the United States Securities and Exchange Commission (SEC) the first draft registration statement for Exmar Energy Partners LP (the MLP). The initial public offering of the MLP's common units is expected to commence after the SEC completes its review
Iran’s pledge to restrict nuclear work in return for loosened economic sanctions may have a limited effect on crude prices, report Bloomberg, citing analysts who regarded a 2.7 percent slump in Brent as a knee-jerk reaction. The six-month agreement
Hyundai Heavy Industries (HHI) has promoted Lee Jae-sung, from CEO to chairman, the position having become vacant when former chairman Min Kye-shik left the shipbuilder in December 2011, reports 'The Korea Times'. This is part of a management reshuffle designed to defy concerns over corporate
Attaining full membership of the International Association of Classification Societies (IACS) in 2010 appears to have opened a wider choice of opportunities for Indian Register of Shipping (IRS). Since Arun Sharma assumed charge as Chairman and Managing Director in February 2012
Covering 28.7 square kilometres, the new zone (a pilot project) will be built on the basis of existing bonded zones, the Waigaoqiao Free Trade Zone, Waigaoqiao Free Trade Logistics Park, Yangshan Free Trade Port Area and Pudong Airport Comprehensive Free Trade Zone.
The Panama-flagged container ship 'Cosco Asia' has been targeted by terrorists attempting to block the vital canal system, but the attack was foiled by the Egyptian Army, reports Al Jazeera, citing a statement by the Head of the Suez Canal Authority.
In their latest statement Greenpeace International responds to President Putin’s remarks regarding 'Arctic Sunrise' activists, as follows: According to media reports, Russian President Vladimir Putin has declared that the 30 Greenpeace International activists detained by Russian
The Louisiana Committee for Employer Support of the Guard and Reserve (ESGR), an office of the Department of Defense, announced today that on September 23, 2013 Eric Danos, Executive Vice President of Danos, and Reed Pere, Production Services Division Manager of Danos
Workers have agreed to a 90-day extension on local contracts following talks between Local 333 of the International Longshoremen’s Association and the Steamship Trade Association of Baltimore Inc., reports Bloomberg, citing a statement by Richard Scher
Area includes approximately 658,000 acres The Bureau of Ocean Energy Management (BOEM) completed the Final Environmental Impact Statement (FEIS) for two proposed oil and gas lease sales in the Gulf of Mexico's Eastern Planning Area. "This analysis evaluates baseline conditions and
The Coast Guard regulates commercial maritime commerce and ensures compliance with applicable safety, security, and environmental protection requirements. In this capacity, the Coast Guard conducts hundreds of inspections across the region on a wide variety of commercial vessels.
Following feverish media speculation over the past fortnight about the company's plans, Google has issued a statement saying it intends to use the structures as learning spaces for people to find out about new tech., reports the BBC. One popular theory had been that the vessels would be used as
At a meeting with Russian President Vladimir Putin, the President of the Republic of Korea in Seoul, Park Geun-Hye discussed mutual cooperation in the development of the Arctic, reports 'Arctic-Info'. In a joint statement the leaders pointed out that as the Republic of Korea has official observer
Classification society ClassNK issued the first Statement of Compliance for a ship recycling facility in Japan to Miyaji Salvage Co. Ltd.. certifying that the facility and its recycling procedures are fully in compliance with the Hong Kong International Convention for the Safe and Environmentally