Archive for April, 2015

Coast Guard Continues Search for 4 Missing After Bad Weather Hits Mobile Bay Regatta

The U.S. Coast Guard along with the Alabama Marine Patrol, Alabama Marine Resources and the Mobile County Sheriff’s Office are continuing their efforts to locate 4 individuals reported missing in Mobile Bay following heavy storms late Saturday. The missing boaters are all believed to have been participatingRead More

Transocean Rigs “Dropping Like Flies”

Transocean has announced yet another canceled contract via its most recent fleet status report released yesterday. Due to that cancellation, Transocean has decided to scrap the GSF Explorer, a 4G drillship built in the ’70s and upgraded in the ’90s. ThisRead More

Offshore Oil and Gas Drillers Had a Tough First Quarter

As oil prices remain depressed due to increased supply, offshore drillers like Houston-based Diamond Offshore, Noble, Transocean and Tidewater suffered mightily during the first quarter of 2015. For example, Houston-based Diamond Offshore’s stock price has dropped 27% since the beginning of theRead More

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