Oil Rig News

ArcelorMittal Burns Harbor could land more shipbuilding, energy business | Northwest Indiana Busines

ArcelorMittal Burns Harbor received an international certification that's expected to help increase business opportunities for its plate products, including with shipbuilders.Three ArcelorMittal mills, including the one in Porter County and two in Pennsylvania, obtained the internationally recognized DNV-GL certification…

Even in this Rich Market, Transocean Is Offering Investors Value | Markets & Stocks

Any price-conscious investor out there is likely looking at the valuation of today's market and saying "no thanks." With this bull market heading into its eighth (!) year, and the S&P 500 valued at a cyclically adjusted price to earnings ratio of 30 (!!!) it seems like the word "value" doesn't really apply anymore. Luckily…

Seadrill's (SDRL) CEO Anton Dibowitz on Q2 2017 Results - Earnings Call Transcript

Seadrill Ltd. (NYSE:SDRL)Q2 2017 Earnings Conference CallAugust 24, 2017 12:00 ETExecutivesJohn Roche - VP, IRAnton Dibowitz - CEOMark Morris - CFOAnalystsMichael Urban - SeaportLukas Daul - ABGOperatorGood afternoon and welcome to the Seadrill Limited Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation…

Even more ideas for 'Kevin Can Wait' season 2 by me, a genius TV executive

CBS announced in early August that Erinn Hayes' character Donna in Kevin Can Wait would be DEAD when the show returns in season 2. The move, defended as being "right and fair" by an executive producer, is a means for the show to integrate Kevin James' King of Queens costar Leah Remini into the cast. Mashable is proud to have another CBS executive's take on the situation.Hello…

NADL, Jurong to form JV for West Rigel

North Atlantic Drilling Ltd. (NADL) and Jurong Shipyard have agreed to form a joint asset holding company for joint ownership of the WestRigel semisubmersible drilling rig, with has seen several delivery delays. Should no employment be secured for the WestRigel and no alternative transaction is completed, the duo will complete the JV deal that will see the vessel be 23% owned by NADL…

Michigan native Kenneth Smith confirmed dead in Navy ship collision

The U.S. Navy has recovered some of the remains from the USS McCain crash, but the search is still ongoing. TimeKenneth Smith, who grew up in Novi is among 10 sailors missing aboard the U.S.S. John McCain, a Navy destroyer that collided with an oil tanker Sunday.(Photo: Photo courtesy of April Brandon)The Navy has confirmed that a Michigan mother's son was killed in a collision between the John S.
Collision update: US Navy halts sea search for missing sailors; tanker vessel requires repair

US Navy limits missing sailor search to USS John S McCain

The US Navy has suspended its open water search but will continue to search the interior of the damaged USSJohn S McCain for the 10 American sailors who have been missing since the warship collided with an oil and chemical tanker on Monday (21 August) near Singapore.In a statement, the Seventh Fleet said that it had identified the body of one sailor…

Mississippi shipyard to repair destroyer | News, Sports, Jobs

JACKSON, Miss. (AP) — A U.S. Navy destroyer damaged in a June collision that killed seven sailors will be repaired at a Mississippi shipyard, the Navy announced Wednesday.The USS Fitzgerald will be transported to Pascagoula for work at Ingalls Shipbuilding, part of Huntington Ingalls Industries of Newport News, Virginia.Naval Sea Systems Command said it doesn’t know when work will start…

Navy identifies dead, missing sailors from the USS John McCain collision

The U.S. Navy on Thursday called off the search at sea for sailors missing after a collision between a destroyer and an oil tanker, and confirmed the identity of one body.The 7th Fleet said divers will continue to search flooded compartments inside the USS John S. McCain, where some remains have been found. The Navy has…

Teekay Offshore Partners L.P. (TOO) Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Teekay Offshore Partners L.P. (NYSE:TOO) from a hold rating to a sell rating in a report issued on Wednesday. According to Zacks, “TEEKAY OFFSHORE PARTNERS L.P. is a publicly-traded master limited partnership formed by Teekay and is an international provider of marine transportation and storage services to the offshore oil industry.

Navy identifies sailors missing in USS John S. McCain collision, calls off sea search

The U.S. Navy on Thursday called off the search at sea for sailors missing after a collision between a destroyer and an oil tanker, and confirmed the identity of one body.The 7th Fleet said divers will continue to search flooded compartments inside the USS John S. McCain, where some remains have been found. The Navy has…

Seadrill (SDRL) Q2 Earnings Break Even, Sales Down Y/Y

Offshore contract driller SeaDrill Limited SDRL reported a break even in the second quarter earnings, which compared favorably with the Zacks Consensus Estimate of a loss of 6 cents. The company delivered a strong 97% economic utilization of its floater fleet and 98% on its jack-up fleet. However, the bottom line deteriorated…

Key Events for Seadrill and Noble Corporation Last Week

Aug 24, 2017 6:39 am EDT SeadrillSeadrill (SDRL) is sailing through very tough times. The company is on the verge of filing Chapter 11. Chapter 11 is a form of bankruptcy intended for to reorganize businesses with heavy debt burdens. Seadrill is working closely with its creditors to reach a consensual agreement with certain default trigger events.AmendmentsRecently…

Was the Floundering USS John S. McCain Sabotaged by Hackers?

This article first appeared on the Council on Foreign Relations site.The collision between the USS John S. McCain and an oil tanker in the Straits of Malacca has led some to speculate without any evidencethat the tragedy could have been caused by a foreign nation that hacked the destroyers navigation system.Some of the…

Energy Voice | EnQuest and Dana reach deal over Eagle drilling

Oil producer EnQuest said yesterday it had struck an agreement with Dana Petroleum on the Eagle discovery in the central North Sea.A row erupted between the two firms in July 2016 after EnQuest announced it had drilled a well on Eagle on a 100% working interest basis.But a few days later Dana said it held a 50% stake in…

Search for Missing U.S. Sailors Slowed by Extensive Damage to Vessel

A Malaysian Navy vessel found a body at sea on Tuesday, but it turned out to be the decomposed corpse of an elderly man and was unrelated to the collision, the United States Navy said.The McCain had been on patrol in the South China Sea and was headed to Singapore for a routine port visit on Monday when it collided with the Alnic MC…

The Latest: More divers joining search of flooded McCain

The Latest on the collision between the USS John S. 2:15 p.m. The U.S. Navy's 7th Fleet says more Marine Corps divers are joining the search of flooded compartments in the USS John S. McCain and multinational search efforts at sea are continuing. Divers have found remains in the McCain, which is docked at Singapore's naval base, but the Navy has not provided more specific information.

Subsea Control Systems Market Overview, Raw Materials Analysis, Market Drivers and Opportunities – M

Subsea Control Systems Market Report provides an analytical assessment of the prime challenges faced by this Market currently and in the coming years, which helps Market participants in understanding the problems they may face while operating in this Market over a longer period of time.Various policies and news are also included in the Subsea Control Systems Market report.

US families, friends of missing sailors proud, praying

This undated photo provided by Cynthia Kimball shows her son John Hoagland aboard the USS John McCain. Kimball said Wednesday, Aug. 23, 2017, the Navy told her that her son is among the missing seamen who were aboard the USS John McCain when it collided with an oil tanker near Singapore Monday, Aug. 21. (Cynthia Kimball…

NIMASA expresses concerns about carbon emissions from ships

The Nigerian Maritime Administration and Safety Agency has raised concerns about carbon emissions from ships and other sources in the maritime sector and has convened a forum to tackle the issue.This is in line with the global initiative to combat climate change through reduction of greenhouse gas emissions.Speaking at…