Maritime Press Clipping

Oct 17, 2011

Fred. Olsen Energy ASA: Extension of Option for a Second Newbuild Drillship

Reference is made to notice to Oslo Stock Exchange dated 15th April 2011 regarding an option for a second newbuild drillship. A wholly owned subsidiary of Fred. Olsen Energy ASA and Hyundai Heavy Industries Co. Ltd. have agreed on an extension of the time limit for declaring this ...

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Daewoo Shipbuilding says wins $1.95 billion orders

Daewoo Shipbuilding & Marine Engineering said on Monday that it had secured a combined $1.95 billion worth of deals. The South Korean shipbuilder said in a statement that it had signed a $1.4 billion deal to construct an offshore natural gas platform in Australia...

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Atwood Oceanics Announces Contract for the Atwood Condor

ATWOOD OCEANICS, INC., announced that one of its subsidiaries has been awarded a drilling services contract by Hess Corporation for work in the Gulf of Mexico for the Atwood Condor, Atwood's ultra-deepwater, dynamically positioned Friede & Goldman...

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Oct 16, 2011

Fairmount Glacier Positioned FPSO Usan Offshore Nigeria

Fairmount Marine’s powerful tug Fairmount Glacier has successfully assisted in the installation of the floating production storage and offloading unit (FPSO) Usan, offshore Nigeria. For this operation Fairmount was contracted by Saipem Energies, which needed...

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Fairstar balances loss with increase in future contract revenue

Fairstar Heavy Transport N.V. (FAIR) released its third quarter results to the market. During the quarter Fairstar was awarded over USD 40 million in new contracts for marine transportation services in the next two years. Fairstar now has contracts in place...

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Dockwise Vangard to deliver Goliat FPSO

Dockwise Ltd. announces its second project for the new-build vessel Dockwise Vanguard. Directly following the transportation of the Jack & St. Malo platform to the Gulf of Mexico in 2013, the Dockwise Vanguard will return to Korea to load and transport the...

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Oct 5, 2011

Transocean Completes Acquisition of Aker Drilling

Transocean Services AS ("Transocean" or the "Company"), a wholly owned subsidiary of Transocean Ltd. (NYSE: RIG) (SIX: RIGN), has completed the acquisition of 100 percent of the shares of Aker Drilling ASA ("Aker Drilling") for NOK 26.50 per share. This acquisition...

Posted on 10/05/2011 / 1 comments / Read More

Dockwise inks Big Foot platform deal

Dockwise today announces new contract wins and variation orders, revised payment terms for the Vanguard, and advances from certain clients. These factors, taken together, will materially improve the company's cash flows and working capital in 2011 and 2012. New...

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Oct 4, 2011

Pirates seize ship in Tanzania waters

It seems that Somali pirates have shifted their base southward running away from international vigilance as their activities are now increasing in Tanzania waters. Since Sunday at least four piracy incidents have been reported in Tanzania section of the...