hercules offshore

Maersk Drilling has entered into a definitive agreement to acquire the newbuild harsh environment jack-up rig from struggling rival Hercules Offshore (Nasdaq:

BY Steven Church, Tiffany Kary and David Wethe (Bloomberg) — Hercules Offshore Inc., owner of the largest fleet of shallow-water drilling rigs in the

Hercules Offshore Inc. plans to put itself into bankruptcy next month in a creditor-supported deal that would wipe out all of its $1.2 billion of

A financial discussion on the offshore drilling

Houston-based jackup rig and liftboat contractor Hercules Offshore Inc. will cut 324 jobs related to the shut down of four rigs in the U.S. Gulf of Mexico,

On the back of winning a new 5+2 year charter from Maersk Oil and Gas, Hercules Offshore has placed an order today with Sembcorp Marine’s subsidiary Jurong

A well blew out, a rig is abandoned, and a fire raged uncontrollably in the Gulf of Mexico for an entire day this week. For many, it was a

Update 5 (29 July 2013) On 27 July, BSEE approved a permit application by Walter Oil and Gas to drill the relief well which will permanently kill the well

From a drilling safety standpoint, jack-up rigs are inherently more dangerous than floating rigs for two main reasons. First, if the well blows out and catches

Hercules Offshore (NASDAQ: HERO) reported Tuesday that it is experiencing a well control incident on its jackup drilling rig, Hercules 265, in the U.S. Gulf of

In a stock exchange filing this afternoon, Hercules Offshore announced their offer to acquire all the remaining shares of jack-up drilling firm Discovery

HOUSTON – Hercules Offshore (Nasdaq: HERO) on Monday announced that it has entered into an agreement for the sale of eleven inland barge rigs, which

A growing shortage of shallow-water rigs in the Gulf of Mexico is providing an unexpected profit boost for Hercules Offshore Inc. and Ensco Plc as customers

(Bloomberg) — Hercules Offshore Inc., a drilling- rig supplier, won the dismissal of a lawsuit challenging its executive pay decisions that a judge said

Hercules Offshore Inc.’s (HERO) third-quarter loss widened sharply as the oil rig company was hit by a large asset impairment charge that overshadowed a

Fairstar Heavy Transport N.V. (FAIR) has been awarded a contract by Hercules Offshore (NASDAQ:HERO) to transport the jack-up drilling rig Hercules 185 from

Hercules Offshore Inc. (HERO) said its acquired an added 6.1 million shares of Discovery Offshore SA (DISC.OS), bringing the contract driller’s stake to

Hercules Offshore Inc., a contract driller that’s racked up three years of losses and angered shareholders over executive pay, has expanded its