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Latest Semi-submersible Stories

2011-03-24 17:53:00

HOUSTON, March 24, 2011 /PRNewswire/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) announced that it is determined to seek a new credit facility to refinance its existing line of credit which expires on September 30, 2011. In conjunction with any new credit facility, the Board anticipates the adoption of a dividend policy to provide distributions to its shareholders within the terms of the new credit facility and the capital and liquidity requirements of the Company. Restrictions in the...

2011-02-24 16:30:00

HOUSTON, Feb. 24, 2011 /PRNewswire/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) today reported that its subsidiary, Northern Offshore U.K. Limited, was awarded a contract with Maersk Olie og Gas AS ("Maersk"), for the jackup Energy Endeavour. The award is subject to approval by the Danish Energy Authority. The contract, for operations in the Danish Sector of the North Sea, has an initial duration of one year and is scheduled to commence in early April 2011. Maersk has options to...

2011-02-23 15:30:00

ZUG, Switzerland, Feb. 23, 2011 /PRNewswire/ -- Noble Corporation (NYSE: NE) today announced that the Company has secured a Letter of Intent ("LOI") with a subsidiary of Royal Dutch Shell plc for the 12,000 foot ultra-deepwater semisubmersible Noble Jim Day to operate in the U.S. Gulf of Mexico. Under the terms contemplated by the LOI, the effective date of the commitment would be February 15, 2011 and the contract would extend through January 31, 2012. The LOI contemplates that Noble...

2011-02-15 02:00:00

RIO DE JANEIRO, Feb. 15, 2011 /PRNewswire/ -- Queiroz Galvao Oleo e Gas (QGOG), the largest privately-held drilling contractor and provider of drilling and production services in Brazil, today announced that it has named its newly-built, ultra-deepwater dynamically positioned ("DP") semisubmersible rig, "The Alpha Star". The rig is scheduled to be delivered by Keppel FELS in Singapore in March 2011, four months ahead of schedule. The unit has been leased to Petrobras for a six-year period...

2011-02-09 05:00:00

HOUSTON, Feb. 9, 2011 /PRNewswire/ -- Hyperdynamics Corporation (NYSE Amex: HDY) announced today that AGR Petroleum Services, its well management company, issued an Invitation to Tender to drilling companies as part of its exploration program offshore in the Republic of Guinea. The tender covers the drilling of two wells plus an optional third well as agreed in the work program and budget between Hyperdynamics and Dana Petroleum last year. Dana holds a 23% interest in the project with...

2011-01-23 17:00:00

HOUSTON, Jan. 23, 2011 /PRNewswire/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) announced today that Mr. Gary L. Bauer has joined the company as Senior Vice President, Operations. Gary W. Casswell, Northern Offshore's president and CEO, said "Gary is a welcome addition to Northern Offshore, and we are very pleased to have him join our team. His extensive experience with operations and international drilling management will further strengthen our entire organization." Mr. Bauer has...

2011-01-18 16:56:00

HOUSTON, Jan. 18, 2011 /PRNewswire/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) announced today that its subsidiary, Northern Offshore U.K. Limited, was awarded a contract with Perenco UK Limited ("Perenco") for the jackup Energy Enhancer. The contract covers two well abandonments on the Welland Field in the UK Southern North Sea, and is scheduled to commence immediately following completion of the rig's current commitment. The abandonment programs are expected to take a total of 60 days...

2011-01-03 08:48:00

ZUG, Switzerland, Jan. 3, 2011 /PRNewswire/ -- Noble Corporation (NYSE: NE) today reported that Marathon Oil Company ("Marathon") has provided notice that it is terminating the drilling contract for the ultradeepwater semisubmersible drilling rig Noble Jim Day. Marathon's stated reason for the termination was that the rig had not been accepted by Marathon by December 31, 2010. Noble believes the rig is ready to commence operations and should have been accepted by Marathon. The contract...

2010-12-02 08:23:00

ZUG, Switzerland, Dec. 2, 2010 /PRNewswire-FirstCall/ -- Noble Corporation (NYSE: NE) today announced that a subsidiary has received notice from Marathon Oil Company (Marathon), its customer for the ultra-deepwater semisubmersible Noble Jim Day, of Marathon's intent to exercise its right of termination if the unit does not commence operations by December 31, 2010. As previously disclosed, Marathon has the right to terminate the drilling contract in the event the unit is not ready to...

2010-11-21 20:19:00

HOUSTON, Nov. 21, 2010 /PRNewswire/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) reported today that the company received notice from Vietgazprom that they will not proceed with the fifth and final well of the five-well drilling program offshore Vietnam. The drillship Energy Searcher, upon completion of the fourth well, was at a standby location awaiting the appropriate approval to undertake drilling operations when notice of the terminated program was received. Under the contract with...


Word of the Day
tesla
  • The unit of magnetic flux density in the International System of Units, equal to the magnitude of the magnetic field vector necessary to produce a force of one newton on a charge of one coulomb moving perpendicular to the direction of the magnetic field vector with a velocity of one meter per second. It is equivalent to one weber per square meter.
This word is named for Nikola Tesla, the inventor, engineer, and futurist.