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Latest Semi-submersible Stories

2014-08-04 08:22:51

LONDON, Aug. 4, 2014 /PRNewswire/ -- Noble Corporation plc ("Noble") (NYSE: NE) announced today that it has completed the spin-off of all of the outstanding shares of Paragon Offshore plc ("Paragon") (NYSE: PGN), which owns most of Noble's standard specification drilling business. As a result, Noble and Paragon are now two separate, publicly-traded companies. On August 1, 2014, Noble distributed to its shareholders one ordinary share of Paragon for every three ordinary shares of...

2014-07-30 16:25:12

LONDON, July 30, 2014 /PRNewswire/ -- Noble Corporation plc (NYSE: NE) today reported second quarter 2014 net income of $235 million, or $0.91 per diluted share, compared to $256 million, or $0.99 per diluted share, for the first quarter of 2014. For the second quarter of 2013, net income totaled $177 million, or $0.69 per diluted share. Results for the second quarter of 2013 included $18 million, or $0.06 per diluted share, related to cancellation of a contract awarded to a jackup...

2014-07-30 16:25:11

HOUSTON, July 30, 2014 /PRNewswire/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) today announced that the company has finalized a 2 1/2 year contract with Rosneft Oil Company, in conjunction with North Atlantic Drilling Ltd., for the provision of the jackup drilling rig Energy Endeavour. According to the agreement, any break rights expire after 100 days, after which the contract will commence in direct continuation upon the release of the rig by the current client. The company...

2014-07-25 12:22:27

LONDON, July 25, 2014 /PRNewswire/ -- Noble Corporation (NYSE:NE) today announced its Board of Directors has scheduled the payment of the Company's quarterly cash dividend of $0.375 per share. The ex-dividend date for this payment is expected to be August 8, 2014, with a record date of August 12, 2014 and a payment date of August 22, 2014. The Company expects that this dividend will be treated as a qualified dividend for purposes of U.S. taxes. About Noble Corporation Noble is a...

2014-07-08 08:23:19

HOUSTON, July 8, 2014 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that Ronald Woll has been appointed Senior Vice President and Chief Commercial Officer, effective immediately. Based in Houston, Mr. Woll will have oversight of company marketing and contract acquisition activities. Mr. Woll has an extensive background in the oil-field services arena in a career covering business development, manufacturing, supply chain, and business process...

2014-06-19 08:24:14

HOUSTON, June 19, 2014 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will issue a press release and host a conference call and webcast related to its second quarter 2014 operating results on Thursday, July 24, 2014. The conference call and webcast will begin at 8:00 a.m. CDT and will include a discussion by management regarding the Company's results of operation. http://photos.prnewswire.com/prnvar/20130725/NY53104LOGO-b The news release and a...

2014-06-05 16:23:18

LONDON, June 5, 2014 /PRNewswire/ -- Reportbuyer.com has added a new market research report:Offshore Drilling Market By Services (Contract Drilling, Directional Drilling, Logging While Drilling), Applications (Shallow Water, Deepwater, Ultra-Deepwater) And Geography-Global Trends & Forecasts To...

2014-06-04 12:22:35

HOUSTON, June 4, 2014 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that a subsidiary has received notice of termination of its drilling contract for the mid-water semisubmersible Ocean Vanguard from Statoil ASA, its customer for the rig. The contract provides for a dayrate of approximately $454,000 and was estimated to conclude in accordance with its terms in late February 2015. Diamond Offshore disputes Statoil's basis for terminating the contract and...

2014-04-16 16:23:58

NEW RIG ADDITIONS DRIVE IMPROVED MARGINS LONDON, April 16, 2014 /PRNewswire/ -- Noble Corporation plc (NYSE: NE) today reported first quarter 2014 net income of $256 million, or $0.99 per diluted share, compared to $174 million, or $0.68 per diluted share, for the fourth quarter 2013. Results for the fourth quarter of 2013 included an after-tax charge of $36 million, or $0.14 per diluted share, relating to an asset impairment. Excluding the impairment charge, net income for the...

2014-04-07 23:25:13

ProjecTools to provide FloaTEC with document management and cost control software for offshore oil & gas projects. Bellville, TX (PRWEB) April 07, 2014 ProjecTools is proud to announce FloaTEC as the newest ProjecTools client. FloaTEC is a Houston-based joint venture of McDermott and Keppel FELS. The company designs, builds, and delivers deep water floating production systems to the Oil & Gas industry. FloaTEC’s industry experience and flexibility make them a leader in TLP...


Word of the Day
vermicular
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.
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