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Last updated on April 18, 2014 at 17:24 EDT

Latest Oil platforms Stories

2013-07-24 16:22:11

HOUSTON, July 24, 2013 /PRNewswire/ -- Hercules Offshore (NASDAQ: HERO) today provided further information the incident aboard jackup drilling rig Hercules 265, a 250' mat-supported cantilevered unit, operating for Walter Oil & Gas Corporation in the U.S. Gulf of Mexico OCS lease block South Timbalier 220. Based on a visual flyover inspection conducted by Hercules Offshore, the jackup rig is still standing, however it appears to have sustained extensive damage to the derrick...

2013-07-24 08:24:30

HOUSTON, July 24, 2013 /PRNewswire/ -- Hercules Offshore (NASDAQ: HERO) today provided updates to the incident aboard jackup drilling rig Hercules 265, a 250' mat-supported cantilevered unit, operating for Walter Oil & Gas Corporation in the U.S. Gulf of Mexico OCS lease block South Timbalier 220. Late yesterday evening, the natural gas flowing from the well ignited which spread to the rig. The extent of the damage to the rig is currently unknown. The Company is currently...

2013-07-23 12:23:16

HOUSTON, July 23, 2013 /PRNewswire/ -- Hercules Offshore (NASDAQ: HERO) today announced that it is experiencing a well control incident on jackup drilling rig Hercules 265, a 250' mat-supported cantilevered unit. Efforts are ongoing to regain control of the natural gas well. At this time, all personnel on board have been evacuated and are being transported to a secure location. The rig is currently operating for Walter Oil & Gas Corporation in the U.S. Gulf of Mexico OCS lease...

2013-07-17 16:23:33

ZUG, Switzerland, July 17, 2013 /PRNewswire/ -- Noble Corporation (NYSE: NE) today reported second quarter 2013 earnings of $177 million, or $0.69 per diluted share. Results for the quarter included $18 million, or $0.06 per diluted share, of revenue recognized relating to the previously reported cancellation of the contract by the customer for the newbuild jackup Noble Houston Colbert. Excluding the impact of the contract cancellation, second quarter 2013 earnings were $0.63 per...

2013-07-01 16:21:17

HOUSTON, July 1, 2013 /PRNewswire/ -- Hercules Offshore, Inc. (Nasdaq: HERO) today announced that it has closed the previously announced sale of its fleet of Domestic Liftboats, including 29 marketed liftboats, 10 cold-stacked liftboats and related assets to All Coast LLC for approximately $54.5 million. The Company will retain existing working capital within the Domestic Liftboat segment, which totals approximately $7.3 million as of May 31, 2013. Headquartered in Houston,...

2013-05-23 00:20:17

Five-year operations & maintenance contract HOUSTON, May 23, 2013 /PRNewswire/ -- Wood Group PSN (WGPSN) will deliver operations & maintenance services to Hess Corporation's Baldpate production platform in the deepwater Gulf of Mexico, under a new five-year contract. (Logo: http://photos.prnewswire.com/prnh/20130523/DA19376LOGO) WGPSN will also provide these services to Hess for the Tubular Bells and Stampede deepwater facilities in the Mississippi Canyon and Green Canyon...

2013-05-20 08:20:17

HOUSTON, May 20, 2013 /PRNewswire/ -- Hercules Offshore, Inc. (Nasdaq: HERO) announced that it has entered into an agreement for the sale of eleven inland barge rigs, which includes three active rigs, eight cold stacked rigs, and related assets ("Inland Asset Package") for cash proceeds of approximately $45 million. Excluded from the Inland Asset Package are the Hercules 27, for which the Company has a separate agreement to sell the rig to a third party for $5 million, the Hercules 52, and...

2013-04-18 20:22:02

HOUSTON, April 18, 2013 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that its monthly report of drilling rig status and contract information has been updated as of April 18, 2013. The report titled "Monthly Fleet Status Report," can be found on the Company's website www.rowancompanies.com on the Home page. (Logo: http://photos.prnewswire.com/prnh/20120827/DA62568LOGO) Notable events in the current report include: Gorilla VII: Rig is...

2013-03-13 08:23:37

HOUSTON, March 13, 2013 /PRNewswire/ -- Dril-Quip, Inc. (NYSE: DRQ) today announced that Dril-Quip Asia Pacific Pte Ltd, its wholly owned subsidiary, in conjunction with its local representative UMW Petrodril (Malaysia) Sdn. Bhd., has been awarded a contract to supply drilling and production equipment and related services to Sabah Shell Petroleum Company Limited for the Shell Malikai TLP project located offshore Malaysia in approximately 1,800 feet of water. Dril-Quip will provide...

2013-02-27 16:22:45

HOUSTON, Feb. 27, 2013 /PRNewswire/ -- Hercules Offshore, Inc. (Nasdaq: HERO) announces the execution of 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...