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Transocean to sell off shallow water rigs

SEPTEMBER 10, 2012—Increasing its focus on deepwater, giant offshore drilling contractor Transocean Ltd. has inked a definitive agreements to sell 38 shallow water drilling rigs to a newly formed company Shelf Drilling

Atlantic Towing purchases new AHTS vessel

JULY 13, 2012—Atlantic Towing, Limited (ATL), St. John’s, New Brunswick, recently purchased a new 16,300 bhp Anchor Handling Tug Supply (AHTS) vessel  from Singapore’s Jaya Holdings Limited. The as-yet-to-be-named vessel  is a