An LNG tanker arrives at Skangas’ Pori Terminal in Finland.

Wartsila joins with Gasum to develop LNG distribution network for industrial sector.

Called the OCEAN-HE, the hull shape of the new semisubmersibles has been designed for low motion characteristics and optimum station keeping capabilities, the company said in a news release. The series includes the OCEAN850-HE and OCEAN1600-HE, the company’s largest to date.

The offshore drilling contractor said a provisional commitment for the two-year extension was signed during second-quarter 2015 and the day rate for the remaining term of the initial contract was reduced. Seadrill said the extended contract was finalized during first-quarter 2016. 

Profits at Maersk Drilling, a unit of shipping and oil group A.P. Moller-Maersk, fell by 25% to $164 million in the second quarter from a year earlier as major oil firms cut or postponed exploration projects as a result of the low oil prices.

The North American rig count grew by 21 rigs this week, boosting the count to 607.

In all, the number of rigs pumping in North America ended the week at 586, up four from last week.

Diamond Offshore took a $612 million write-down for eight offshore rigs in the second quarter, Reuters reported.

Transocean Ltd. (NYSE: RIG) has agreed to acquire Transocean Partners LLC (NYSE: RIGP) in a deal that would give it ownership interests in two drillships and an ultra-deepwater semisubmersible currently owned by Transocean Partners.

The North American rig count jumped by 18 this week to 582. The count was 1,089 a year ago.

The shipbuilder, which is entangled in the massive Operation Car Wash corruption investigation and as a result has struggled to secure fresh financing, won a contract to build eight hulls for Petrobras, as the company is known, by 2018. Four have already been delivered.

"It's extremely disappointing," Greg Hill, COO of Hess, said on the earnings call of the alleged defective valve, Reuters reported.

Most of the new rigs were in the Permian Basin in West Texas, where drillers added eight, bringing the total count up to a five-month high of 168.

Pages