All Coast LLC, the largest liftboat operator in the Gulf of Mexico, has entered into a contract with SEMCO, LLC to construct a new 250 foot leg liftboat which will be equipped with two 175 ton leg mounted cranes and will have the capacity of accommodating 50 people…
Liftboats started as a concept in South Louisiana with the first-known liftboats conceived in Braithwaite. The technology was developed locally and has continued to improve. A liftboat is a self elevating, self-propelled vessel equipped with…
Hercules Offshore, Inc. announced that it has entered into an agreement for the sale of eleven inland barge rigs, which includes three active rigs, eight cold stacked rigs, and related assets ('Inland Asset Package') for cash proceeds of approximately $45 million…
The global rig market is strong, with high utilization, high day rates, and nearly 200 offshore drilling rigs under construction. Drilling contractors are changing their fleet makeup, modernizing, streamlining, and concentrating on market sectors…
Superior Energy Services has closed the previously announced sale of its marine services segment, comprising 18 liftboats, to a subsidiary of Seacor Holdings for $134 million plus working capital in a deal facilitated by Simmons & Co International.