Ocean Rig News

 

Seadrill’s Posts Strong Q4 Results

Feb 26, 2016

Rig company Seadrill, once the crown jewel in the business empire of shipping tycoon John Fredriksen, said the final quarter of 2015 was the year’s strongest in operational terms, but warned that 2016 would be tough and said it was working to strengthen its finances…

Ocean Rig Loses Two Drilling Contracts

Feb 16, 2016

Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, announced  that two of its drilling contracts have been terminated.  The Nasdaq-listed drilling affiliate of DryShips said that Total E&P Congo has terminated…

Premier Oil and Rockhopper Abandon Ocean Rig Contract

Feb 13, 2016

Two of the major British players in Falkland Islands offshore oil development, Premier Oil and Rockhopper Exploration, cancelled a joint venture contract with Ocean Rig UDW. In June 2014, the companies entered into a contract with Ocean…

DryShips Buys Nautilus Stake, Adds Six OSVs

Oct 23, 2015

Greek ship owner DryShips plans to add six support vessels to its fleet by acquiring a large stake in Nautilus Offshore Services.  Dry bulk shipowner DryShips has entered into an agreement to acquire approximately 98% of Nautilus OffShore Services Inc…

DryShips to Sell 17 Vessels for a Huge Loss

Sep 11, 2015

DryShips Inc. a global provider of marine transportation services for drybulk cargoes, and through its affiliate, Ocean Rig UDW Inc., of off-shore contract drilling oil services, announced today that it has entered into firm sales agreements…

DryShips Misses on Revenue

Aug 07, 2015

The Athens, Greece-based DryShips reported a $1.44bn loss in the second quarter but delivered an operational profit that was in-line with expectations. DryShips is an international provider of marine transportation services for drybulk and petroleum cargoes…

Shell Barge Arrives in Alaska

Jun 12, 2015

The Arctic Challenger, an oil spill containment barge, that had left Bellingham, north of Seattle, and was headed toward Dutch Harbor, in Unalaska, off mainland Alaska,  reached port in Alaska on Wednesday, June 10, for a brief stop before…

Ocean Rig UDW Announces Closing

Jun 09, 2015

DryShips Inc. a global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc. of offshore deepwater drilling services, announced today that  Ocean Rig closed the previously announced offering of 28…

Ocean Rig to Float Common Stock

Jun 03, 2015

Ocean Rig UDW Inc has launched an offering of its common stock, par value $0.01 per share.  As part of this offering, George Economou, our Chairman, President and Chief Executive Officer, has indicated his intention to purchase, at the public offering price…

Seattle Flotilla Protests Shell's Arctic Drilling Plans

May 17, 2015

Hundreds of activists in kayaks and small boats fanned out on a Seattle bay on Saturday to protest plans by Royal Dutch Shell to resume oil exploration in the Arctic and keep two of its drilling rigs stored in the city's port.Environmental…

Six Greenpeace Activists Leave Arctic-bound Oil Rig

Apr 12, 2015

Six Greenpeace activists rappelled down from an oil rig in the Pacific Ocean on Saturday after spending six days living on the structure to protest against drilling in the Arctic, the environmental organization said.The multinational team climbed aboard Polar Pioneer…

K-Line Executive Pleads Guilty to Price Fixing

Mar 27, 2015

An executive of Japan-based Kawasaki Kisen Kaisha Ltd. (K-Line) was sentenced to 18 months in a U.S. prison after pleading guilty to his involvement in a conspiracy to fix prices, allocate customers and rig bids of international ocean shipping services for roll-on…

NYK Shipping Exec Jailed for Price Fixing

Mar 12, 2015

Third ocean shipping executive pleads guilty to price fixing on ocean shipping services for cars and trucks An employee of Japan-based Nippon Yusen Kabushiki Kaisha (NYK) pleaded guilty today and was sentenced to 15 months in a U.S. prison for his involvement in a conspiracy to fix prices…

Dryships in the Red

Feb 27, 2015

DryShips Inc. and through its majority owned subsidiary, Ocean Rig UDW Inc., of offshore deepwater drilling services, today announced its unaudited financial and operating results for the fourth quarter ended December 31, 2014.Fourth Quarter…

Second Shipping Exec Sentenced for Price Fixing

Feb 09, 2015

Second ocean shipping executive pleads guilty to price fixing on ocean shipping services for cars and trucks A former executive of Japan-based Kawasaki Kisen Kaisha Ltd. (K-Line) pleaded guilty Friday, February 6, and was sentenced to 14 months in a U…

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