transocean arctic

Transocean Day Rates Hit New Low Water Mark

by Mikael Holter (Bloomberg) Transocean Ltd., the biggest offshore-rig operator, won a contract to drill four wells off Norway for Det Norske Oljeselskap ASA at a day rate of about $180,000, the lowest recorded tariff in the Nordic country since oil began to tumble last year. “It’s a clear sign of desperation and how bad it’s […]

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Anadarko Ordered To Pay $159.5 Million For Deepwater Horizon Spill

Anadarko Petroleum Corp. was ordered to pay almost $160 million for its role as part-owner of the doomed Gulf of Mexico well that in 2010 caused the biggest offshore oil spill in U.S. history. The fine was the last big uncertainty hanging over Anadarko from the disaster. The order Monday comes after the government told […]

NOAA Ocean Warming

Pacific Ocean Is Abnormally Warm But Don’t Panic Yet

The Pacific Ocean is warm. Very warm. Last week, NOAA‘s U.S. Climate Prediction Center announced temperatures reached 3 degrees Celsius (5.6 Fahrenheit) above normal in a key section of the Pacific called Nino 3.4, touching off a Twitter typhoon among some El Nino watchers alarmed that they were so high. Monday, the agency said readings had edged up […]

Unidentified wooden boat which was found in the sea off Noto Peninsula, is seen in Wajima, Japan, in this photo taken by Kyodo November 29, 2015. 

North Korean Ghost Boats

BY JU-MIN PARK AND KAORI KANEKO (Reuters) Fishing boats carrying decomposed corpses have washed ashore in Japan in recent weeks, leading to speculation these “ghost ships” are rickety North Korean vessels that have strayed dangerously far from port under the impoverished nation’s push to boost its catch. There has been no mention from secretive North Korea […]

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Norway Faces Bleak Year Offshore

By Jonathan Saul and Ole Petter Skonnord (Reuters) LONDON/OSLO Norwegian companies that provide supply ships and drilling rigs to the global oil industry face a bleak year ahead as contracts disappear and financing options dwindle in the face of weak global crude prices. They could increasingly be forced to sell or write down the value […]


2015 Gift Guide – Cyber Monday Stocking Stuffers

Last week we brought you our official 2015 Holiday Gift Guide  followed by our Working Sailor’s Edition Gift Guide and today my email has dozens of messages from gCaptain reader asking for more! So if you are looking for a small gift to slip inside the  stocking of your favorite mariner this Christmas than this […]

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WATCH: Aasta Hansteen Substructure Heavy Lift

The Aasta Hansteen spar is designed by Technip-USA and is currently being built by Hyundai Heavy Industries in South Korea. The facility will be the first spar installation on the Norwegian continental shelf, consisting of a vertical column moored to the seabed in water depths of 1,300 meters. First production at the Aasta Hansteen field […]