Latest Semi-submersible Stories

HOUSTON, April 25, 2011 /PRNewswire/ -- GulfMark Offshore, Inc. (NYSE: GLF) today reported a net loss of $1.2 million, or $0.05 per diluted share, on revenues of $81.3 million for the quarter ended March 31, 2011. Bruce Streeter, President and CEO, commented, "We knew that it was going to be a tough quarter, and it turned out as we anticipated. We are encouraged with both short- and long-term trends, although there is some potential that the remainder of the first half of 2011 will be...

ZAGREB, Croatia, April 11 /PRNewswire/ - CROSCO Integrated Drilling & Well Services Co., Ltd. is pleased to announce that wholly-owned subsidiary Rotary Drilling Company commenced with the provision of drilling services for Kalegran Limited, a wholly-owned subsidiary of MOL Hungarian Oil and Gas Company.   Drilling services are being provided with Rotary 2000 HP drilling rig Rotary 67.   The Bekhme 1 well, the first of a two firm well contract, is being drilled in...

RIO DE JANEIRO, March 29, 2011 /PRNewswire/ -- Queiroz Galvao Oleo e Gas (QGOG), the largest Brazilian privately-held provider of drilling and production services contractor, announced today that it has taken delivery of the Alpha Star, its newly-built, ultra-deepwater dynamically positioned ("DP") semisubmersible rig, and signed a US$575 million credit agreement with a group of banks led by Banco Santander and Citibank to finance the construction of the rig. The rig was delivered by Keppel...

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...

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...

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...

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...

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...

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 more...

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...