Ocean Rig News

 

Ocean Rig's $120m Loan Agreement with DryShips

Nov 19, 2014

Ocean Rig UDW Inc. a global provider of off-shore contract drilling oil services, today announced the following: On November 18, 2014, Ocean Rig’s $120 million loan to its majority shareholder, DryShips Inc. (―DryShips‖), was approved by…

Dryships Achieves Refinance of 5% Convertible Notes

Nov 19, 2014

DryShips Inc. global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., off-shore contract drilling oil services, today announced the following:  *…

Launch of OCEAN FALCON in Pasajes

Nov 08, 2014

On November the 6th, Zamakona Yards Group successfully completed the launch of the ship “Ocean Falcon” at its facilities in Pasajes (San Sebastian, northern Spain).The ship is the third Zamakona Yards launches, of all three signed with the Norwegian shipping company Atlantic Offshore A…

DryShips Reports 3Q 2014 Results

Nov 05, 2014

DryShips Inc. an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig, of offshore deepwater drilling services, today announced…

DryShips: Public Offering of Its Senior Secured Notes

Oct 01, 2014

DryShips Inc. announced today that it intends to offer senior secured notes due 2017 (the “Notes”) pursuant to its effective shelf registration statement. The Company expects to use the net proceeds of the offering to refinance, in part, the…

Ocean Rig Commences Tender Offer

Mar 10, 2014

Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, announced that it has commenced a cash tender offer for any and all of its currently outstanding 9.5% Senior Unsecured Callable Notes due 2016 on the terms and subject…

U.S. DOJ: First Guilty Plea in RO-RO Price Fixing Scandal

Feb 28, 2014

South American Company Agrees to Plead Guilty to Price Fixing on Ocean Shipping Services for Cars and Trucks. First Charges in the Department’s Antitrust Investigation Involving Ocean Shipping Services; Conspiracy Affected Global Cargo Shipments…

Keppel O&M Joins World Ocean Council

Jan 28, 2014

Keppel Offshore and Marine Ltd (Keppel O&M), a global company in offshore rig design, construction and repair, ship repair and conversion, and specialized shipbuilding, has become a member of the World Ocean Council (WOC).Keppel O&M joins…

New Report Recommends Offshore Energy 'Arctic Standards'

Oct 03, 2013

A new PEW Charitable Trust report entitled: 'Arctic Standards: Recommendations on Oil Spill Prevention, Response, and Safety, has just been released. A brief explanation follows:What Are Arctic Standards Arctic OCS standards would provide consistent requirements on how to design…

GoM Loss of Well Control Update

Jul 25, 2013

BSEE, Coast Guard Continue Response Coordination for Loss of Well Control Event and Rig Fire.The Bureau of Safety and Environmental Enforcement (BSEE) and the U.S. Coast Guard are continuing to oversee Walter Oil & Gas Corporation’s response…

GofM Rig Fire, Loss of Control: Latest News

Jul 24, 2013

The Bureau of Safety and Environmental Enforcement (BSEE) and the U.S. Coast Guard conducted multiple overflights today to supplement responsible party flights to maintain aerial surveillance of the scene.  The natural gas well continues to fuel the fire on the rig…

Dryships Announces $1.8B Term Loan Facility

Jul 15, 2013

DryShips Inc. (NASDAQ: DRYS) through its majority owned subsidiary, Ocean Rig UDW Inc., announced that Ocean Rig, through its wholly-owned subsidiaries, Drillships Financing Holding Inc. (“DFHI”), and Dr illships Projects Inc., entered into a $1…

Arduous GoM Drill Rig Salvage Accomplished

Apr 12, 2013

Inland Salvage successfully delivers salvaged jack-up drill rig which sank last winter in the Gulf of Mexico. In mid-December 2012 a retired jack-up drill rig under tow from Fourchon, LA to be dismantled in Texas began taking on water. Despite being in the crowded waters of the oilfield…

Deepwater Driller Ocean Rig 2012 Financial Reports

Mar 07, 2013

Ocean Rig UDW Inc international contractor of offshore deepwater drilling services reports unaudited losses in Q4 & year-end 2912 financial results.Year Ended December 31, 2012 Financial HighlightsFor the year ended 2012, the Company reported a net loss of $132…

DryShips Inc. Announces Public Offering of Ocean Rig Shares

Feb 12, 2013

DryShips Inc. (NASDAQ: DRYS), or the Company, an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig, of offshore deepwater drilling services…

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