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Last updated on April 23, 2014 at 20:06 EDT

Latest Semi-submersibles Stories

2014-01-17 08:20:05

STAVANGER, Norway, January 17, 2014 /PRNewswire/ -- Beacon Holdings Group has ordered a harsh environment semi-submersible GM4-D rig from Yantai CIMC Raffles. They have also secured an option to build a second rig from the shipyard. (Photo: http://photos.prnewswire.com/prnh/20140117/663802 ) The rig they have ordered has been given the name Beacon Atlantic, and planned delivery is the fourth quarter of 2016. Beacon Atlantic will be built using the GM4-D-design...

2013-12-23 12:22:09

HOUSTON, Dec. 23, 2013 /PRNewswire/ -- Hercules Offshore, Inc. (Nasdaq: HERO) announced that on December 20, 2013, the Company received payment from its insurance underwriters for the previously-disclosed damage to its Hercules 265 jackup drilling rig (the "Rig"). The Company's insurance underwriters determined that the Rig is a constructive total loss, and the Company received gross insurance proceeds of $50 million. As a result of this insurance collection, the Company anticipates...

Deepwater Horizon Rig Wreckage Oil Sheens
2013-07-17 09:12:48

redOrbit Staff & Wire Reports - Your Universe Online Oil sheens recently discovered floating at the ocean's surface near the site of the 2010 Deepwater Horizon disaster were caused by pockets of oil trapped within the wreckage of the sunken rig, according to the results of a new chemical analysis. The sheens, which were first reported to the US Coast Guard by BP last September, had led to some concern that the capped Macondo Well that played a key role in the largest offshore oil...