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Obama to Issue New Offshore Drilling Rules
The Obama administration will announce Thursday safety regulations for offshore oil and natural gas drilling to prevent the kind of explosion that happened six years ago on a BP rig in the Gulf of Mexico, an official told Reuters. The Department of Interior will unveil the final version of its well control regulations, which will require more stringent design and operating procedures for well control equipment used in offshore oil and gas operations…
Wahlberg Headlines Film on Deepwater Horizon Tragedy
Nearly six years after the BP oil spill in the Gulf of Mexico, Hollywood takes its shot at recounting the tragedy with a film due this fall aiming to tell the story on the fatal blowout and its aftermath. The oil spill, one of the largest environmental disasters in global history, is depicted in the film Deepwater Horizon, named after the Transocean-operated semisubmersible Mobile Offshore Drilling Unit which suffered a catastrophic blowout and explosion on April 20…
Transocean Defeats Shareholder Appeal over Gulf Spill
Transocean Ltd on Thursday won the dismissal of an appeal by shareholders accusing the owner of the doomed Deepwater Horizon drilling rig of deceiving them about…
BP Escapes US Lawsuits Over Post-Gulf Spill Drilling Ban
BP Plc does not have to face U.S. lawsuits by energy and drilling companies over losses they suffered from an offshore drilling ban imposed soon after the 2010 Gulf of Mexico oil spill…
Rosneft Starts Drilling First International Offshore Well
Russian oil producer Rosneft's Vietnamese subsidiary has started drilling an exploration well off the south coast of Vietnam, it said on Wednesday. It is Rosneft's…
Ensco plc Report Loss
LONDON--(BUSINESS WIRE)-- Ensco plc (NYSE: ESV) today reported a loss of $10.64 per diluted share in fourth quarter 2015 compared to a loss of $14.89 per diluted share in fourth quarter 2014.
GDI, Dolphin Energy Sign Offshore Drilling Rig Services Contract
Qatar’s Gulf International Services (GIS), the leading service group, has announced that its subsidiary Gulf Drilling International (GDI) has signed a contract with…
SapuraKencana Operations in Brazil Grows
SapuraKencana Petroleum Berhad's (“SapuraKencana”) presence in Brazil continues to grow after entering the market with its first pipelaying support vessel (“PLSV”), Sapura Diamante, on June 28, 2014.
Ocean Rig Loses Two Drilling Contracts
Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, announced that two of its drilling contracts have been terminated. The Nasdaq-listed…
Maersk Drilling Posts Record Profit
Maersk Drilling delivered the best result ever with a profit of USD 751m (USD 478m) in 2015 generating a ROIC of 9.3% (7.1%). The result was positively impacted…
Wärtsilä, Ensco Ink Maintenance Deal
Wärtsilä, the leading global supplier of flexible and efficient power plant solutions and services, has signed a maintenance agreement with Ensco, a global provider…
Wartsila Projects 2016 Profit Growth
Finnish industrial engine maker Wartsila reported higher quarterly earnings on Wednesday and forecast improved margins this year, hoping growth in services would…
Jack-up Earns ABS and DNV GL Design Approval
Launched in March 2015, the CJ54 cantilever drilling jack-up has recently received full Basic Design Approval from two major international offshore drilling classification societies; ABS and DNV GL. Designed in accordance with the required safety standards of both ABS and DNV GL classification societies, the CJ54 now is a ready solution for contractors and operators wishing to push jack-up drilling frontiers.
VIKING Acquires Edge in Offshore Evacuation
With recent type approval of an 81-meter-high evacuation system, VIKING has answered the needs of offshore fixed and jack-up rigs to handle extreme heights. Leading…
Shell Exits Transocean's Polar Pioneer Contract
Transocean, one of the world's largest offshore drilling companies, said on Monday that Shell had opted to terminate its contract for the harsh environment semisubmersible…
Drydocks Completes Rig Diyina
Drydocks World, an international service provider to the shipping, offshore, oil, gas and energy sectors has completed the yard’s first Rig Integrity Assurance Program…
Ecoslops to Implement Recycling Unit in the Romanian Port of Constanta
Ecoslops has signed a Letter of Intent (LOI) with Grup Servicii Petroliere (GSP), a leading offshore drilling and construction company, to conduct a feasibility…
Sembcorp Marine Issues Q4 Profit Warning
Sembcorp Marine, one of the world's largest offshore drilling rig producers, expects to record a net loss for the fourth quarter ending December, due to the challenging…
Big IT: How Fast, How Far Will IT Drive Maritime?
The IT industry doesn’t like to stand still. Upgrades, updates, new versions and enhanced functionality are released on a regular basis. New services are enabled, bottlenecks eliminated, more joined up operations enabled. The underlying platform remains the same but, over time, its capabilities evolve and stretch to meet changing expectations. But then, every so often, something far more dramatic comes along. We are experiencing one of these more dramatic periods at the moment.
Fredriksen's Firms See Diverging Fortunes
Rig firm Seadrill sees tough market continuing in 2016. Firms in Norwegian-born billionaire John Fredriksen's empire saw contrasting fortunes on Tuesday, as rig…