Thursday, January 21, 2016
Ocean rig olympia total drillship
Maritime News

Eni Terminates Contract for Ultra Deepwater Drillship ‘Ocean Rig Olympia

Italian oil company Eni has terminated its contract for the ultra deepwater drillship Ocean Rig Olympia due to collapsing oil prices.  The early termination was announced Thursday by offshore drilling...

January 21, 2016
Total Views: 6

Monday, October 5, 2015
gunnerus rolls-royce permanent magnet azimuth thruster
Maritime News

Rolls-Royce Cuts 400 Marine Jobs as Oil Hits Offshore-Ship Sales

  By Christopher Jasper (Bloomberg) — Rolls-Royce Holdings Plc said it will cut another 400 jobs at its marine-engines arm as the oil-price decline continues to weigh on demand for...

October 5, 2015
Total Views: 4

Wednesday, August 26, 2015
News

Hard-Hit Transocean Looks to Scrap Dividend

  By Joe Carroll (Bloomberg) — Transocean Ltd., the offshore oil-rig operator that lost two-thirds of its value in the past year, plans to cancel its dividend and record 2...

August 26, 2015
Total Views: 1

News

CNOOC Profit Falls as Oil Collapse Outweighs Cuts

  By Aibing Guo (Bloomberg) — Cnooc Ltd., China’s biggest offshore oil and gas explorer, said first-half profit slumped as higher output and lower costs were overwhelmed by a collapse...

August 26, 2015
Total Views: 0