Saturday, May 28, 2016
jack-up drilling rigs
Maritime News

Maersk Drilling Buys Newbuild Jack-Up from Rival Hercules

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

May 28, 2016
Total Views: 9

Thursday, August 13, 2015
Hercules offshore rig under tow
News

Hercules Offshore Files for Bankruptcy

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

August 13, 2015
Total Views: 6

Thursday, June 18, 2015
Hercules offshore rig under tow
Interesting

Hercules Offshore to File for Bankruptcy

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 debt.

June 18, 2015
Total Views: 11

Friday, March 6, 2015
finance

HERO to Zero

A financial discussion on the offshore drilling sector

March 6, 2015
Total Views: 5

Wednesday, November 5, 2014
Maritime News

Hercules Offshore to Cut 324 Offshore Jobs in Gulf of Mexico

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, the company said in...

November 5, 2014
Total Views: 3

Wednesday, May 21, 2014
Freide & Goldman JU2000E jackup
News

Hercules Wins Charter from Maersk, Orders New F&G Jack-Up

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 Shipyard for a...

May 21, 2014
Total Views: 4

Thursday, July 25, 2013
News

Hercules Rig Fire Incident: BSEE Fails Test

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 stark...

July 25, 2013
Total Views: 2

Hercules 265
Interesting

Hercules Jack-Up Rig Fire is Out, Rowan Jack-Up Contracted for Relief Well

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 that...

July 25, 2013
Total Views: 32

Wednesday, July 24, 2013
Interesting

How a Jack-Up Rig Blowout Occurs

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 fire, there’s no way...

July 24, 2013
Total Views: 44

Tuesday, July 23, 2013
hercules 265 well control incident
Offshore News

Hercules Jackup Suffers Loss of Well Control in U.S. Gulf of Mexico [INCIDENT PHOTOS]

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 Mexico.

July 23, 2013
Total Views: 17

Thursday, July 11, 2013
hercules offshore
finance

Hercules Makes Final Takeover Bid for Discovery Offshore

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

July 11, 2013
Total Views: 6

Tuesday, May 21, 2013
Offshore News

Hercules Offshores Sells Majority of Inland Fleet

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

May 21, 2013
Total Views: 1

Thursday, April 25, 2013
Offshore News

Hercules Profits on Shallow Water Rig Shortage in U.S. Gulf

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 move farther offshore in the hunt for oil.

April 25, 2013
Total Views: 1

Saturday, March 16, 2013
hercules offshore
News

Hercules Offshore Wins Court Ruling in Executive Pay Lawsuit

(Bloomberg) — Hercules Offshore Inc., a drilling- rig supplier, won the dismissal of a lawsuit challenging its executive pay decisions that a judge said was based on “flawed premises.” A...

March 16, 2013
Total Views: 4

Thursday, October 25, 2012
hercules offshore
finance

Impairment Charges Add up to a Significant Loss for Shallow-Water Driller Hercules

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 stronger-than-expected double-digit rise in revenue. Hercules...

October 25, 2012
Total Views: 0

Friday, December 23, 2011
Fjell heavy lift jack up jackup fairstar
News

Hercules 185 Jackup Repaired, Heads Back to Work Off West Africa

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 Pascagoula, Mississippi to West Africa in the...

December 23, 2011
Total Views: 7

Tuesday, September 13, 2011
News

High-Spec Jackup Market: Hercules Offshore increases stake in Discovery Offshore

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 28% in the Luxembourg-based owner of ultra...

September 13, 2011
Total Views: 0

Wednesday, June 1, 2011
Offshore News

Shallow Gulf Waters Get Lonely; Hercules Offshore Holds Hope That It Can Dominate in Aging Energy Field

Hercules Offshore Inc., a contract driller that’s racked up three years of losses and angered shareholders over executive pay, has expanded its commitment to the Gulf of Mexico’s shallow waters...

June 1, 2011
Total Views: 0