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DryShips Reports 3Q 2014 Results
DryShips Inc. an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc.…
Transocean to Raise Money with Caledonia Offshore Offering
Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced that Transocean Inc., its wholly-owned subsidiary, intends to proceed with an unregistered offering of shares of Caledonia Offshore Drilling Company…
Swissco Doubles Rig Fleet
SGX Mainboard-listed Swissco Holdings Limited an integrated, international marine services provider, today announced having completed the acquisition of four additional mobile offshore drilling units…
Ensco Prices $1.25-Billion Senior Notes Offering
Citigroup Global Markets Inc., Deutsche Bank Securities Inc., DNB Markets, Inc., Goldman, Sachs & Co., HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner…
Russian Class & Arctic Operations
When it comes to Arctic operations, the Russians arguably have more hands-on experience and investment than any other nation. With that in mind, Maritime Reporter spoke recently with Georgiy Bedrik, Head of the RS Business Development Division, for his input on RS and matters of the Arctic, maritime and offshore. Please give a brief description of the market you serve. In maritime, RS renders a full scope of classification services for ships including plan approval…
Transocean's Chairman Designate 2015 Named
Transocean Ltd. informs that at its recent Extraordinary General Meeting Merrill A. "Pete" Miller, Jr. was nominated as a director and the Board intends to designate him as vice-chairman…
Seadrill Chairman Reassures Investors as Director Leaves
Seadrill Limited informs that Tor Olav Trøim has decided not to stand for re-election to the Board of Directors in order to focus his efforts on developing Golar LNG.
Offshore Oil Drilling Market to Suffer through 2015
A sluggish offshore drilling market could deteriorate further next year due to weak demand and a flood of new vessels, even though a few places such as Mexico and Brazil remain promising for exploration, industry executives said on Wednesday. Rig rates have fallen sharply over the past 18 months as oil companies cut capital spending, saving cash for dividends, just as dozens of brand new offshore rigs ordered during the boom times hit the seas, creating overcapacity.
IUMI to Celebrates 140th Anniversary in Hong Kong
Members of the International Union of Marine Insurance, in its 140th year, will gather in Hong Kong from 21-24 September at the Intercontinental Hotel, Kowloon for…
ABB to Deliver Power Solutions to Ocean Rig’s drillships
ABB, a global leader in power and automation technology, has secured an order to deliver total power solutions to Ocean Rig’s two seventh generation new integrated…
OCTOPUS-Onboard Wave Monitoring: SMM Demonstration
Amarcon, a part of the ABB group, and OceanWaveS GmbH, a fully owned subsidiary of Rutter Inc., inform they will demonstrate an OCTOPUS-Onboard advisory suite including…
Transocean Steers Clear of BP Punitive Damages
Transocean Ltd. informs it has received a decision by the United States District Court for the Eastern District of Louisiana on phase one of litigation related to the April 20…
A Boost for UK Offshore Drilling? DW Monday Muses
Drilling activity offshore UK is now expected to increase over the next few years as government and industry reacts to the recommendations in Sir Ian Wood’s report…
Odfjell Drilling in Tighter 2Q North Sea Market
Odfjell Drilling reports second quarter 2014 financial results showing a profit of US$29-million. Operating revenue for Q2 2014 was USD 272 million (USD 289 million)…
OSV Power
The continued maturation of Offshore Service Vessel design is embodied in recent contracts and deliveries. Ulstein Verft subsea newbuild Island Performer was built for Island Offshore to be a flexible, RLWI/IMR vessel, destined to serve its first five years for FTO in the Gulf of Mexico. “The vessel is customized to suit the scope of work in the FTO contract, in which RLWI (Riser-less Light Well Intervention) and IMR (Inspection/Maintenance/Repair) are the main tasks.
ABS Opens Office in Beijing
ABS, a global provider of classification services to the marine and offshore industries, announces the opening of a new office in Beijing. This move shows ABS' determination in expanding best-in-class service for the Chinese market. This new office will allow further collaboration with government, industry, academic institutions and research organizations and is part of ABS' continued commitment to serving the growing marine and offshore industries in China.
Ensco to Present at Barclays & Pareto Securities Conferences
Ensco will present at the Barclays Energy-Power Conference in New York City on Wednesday, 3 September 2014 at 11:05 a.m. EDT. The presentation will be available…
Rosneft and NADL Sign Exchange of Assets Deal
Rosneft, Seadrill Limited and North Atlantic Drilling Limited (NADL) signed a Framework Agreement that envisages long-term cooperation in the sphere of oilfield development projects.
SBI Wins Jack-up Design and Engineering Contract
SBI Offshore Limited, which is pursuing higher-value oil and gas engineering projects, said today it has secured a $24 million contract to provide design and engineering…
Honghua Group Wins Rig Contract from Orion
Chinese rig builder Honghua Group has been awarded a contract by Orion Engineering and Management Ltd to build a semi-submersible drilling rig, with options to build three more.