Hidden Gem is former Petrobras drillship

Allseas takes wraps off drillship it’s converting to nodules miner

With all major auto makers ramping up plans to switch production to electric vehicles, battery demand looks set soar — and with it demand for the base metals needed to produce them.

Offshore wind and Jones Act finance

Fair (offshore) winds for the Jones Act finance market

By Basil M. Karatzas, Founder, Karatzas Marine Advisors & Company Until recently, the offshore drilling market had the distinction of employing the most expensive assets in the maritime industry. A decade ago,

Seadrill in 50:50 JV with Angola’s Sonangol

FEBRUARY 6, 2019 — Seadrill Limited said today that it has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P.. The

Two Ocean Rig drillships first with ABS MPD-Ready notation

MAY 1, 2018 — ABS reports that it has awarded the world’s first Managed Pressure Drilling (MPD) –Ready Notation to Ocean Rig for the ABS-classed Corcovado and Mykonos deep water drillships. The

Stena drillship is first with new DNV GL notation

APRIL 13, 2018 — DNV GL has revised its classification rules for Managed Pressure Drilling (MPD) systems and introduced two new class notations DRILL(MPD) and DRILL(MPD READY). Stena Drilling Ltd. (SDL) is

BSEE issues safety alert following drillship fatality

DECEMBER 7, 2017 — The Bureau of Safety and Environmental Enforcement (BSEE) has issued a safety alert following a fatality that occurred December 2 onboard the Petrobras 10,000 drillship, owned by Transocean

Transocean delays deliveries of two drillships

APRIL 20, 2016 – Transocean Ltd. (NYSE: RIG) reports that it has reached an agreement with Sembcorp Marine’s subsidiary, Jurong Shipyard Ptd Ltd, to defer the delivery and related final payments of

IHI sheds stake in Brazilian shipyard EAS

MARCH 15, 2015 —Japan’s IHI Corporation reports that its majority owned Brazilian subsidiary JEI is to transfer its entire equity interest in shipbuilder Estaleiro Atlântico Sul S.A (EAS) to the other shareholders

Sete woes help push Sembcorp Marine into loss

FEBRUARY 15, 2016 — Singapore based Sembcorp Marine posted a 2015 net loss of Singapore $290 million (US $207.3 million) on revenues of  Singapore $4.97 billion, down 15% from FY 2014’s Singapore

Atwood and DSME agree drillship delivery delays

DECEMBER 21, 2015 — Atwood Oceanics, Inc. (NYSE: ATW) said today that subsidiaries of the company have agreed with Daewoo Shipbuilding & Marine Engineering Co. (DSME) to delay delivery of two newbuild

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