1227 results found for 'paragon'

1227 results found for 'paragon'
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  • Evalend Buys Paragon’s Three Newbuilds

    20 December 2016
    Business & Finance

    Greek shipping company Evalend Shipping has bought three resale Panamax bulk carriers currently under construction at China’s Jiangsu New Yangzijiang shipyard, which were initially ordered by its compatriot Paragon Shipping, VesselsValue’s data shows. The vessels in question are the 82,100 dwt Inspiring Seas, the 81,100 dwt Bright Seas and the 81,800 dwt World Seas. Scheduled for […]

  • Borr makes a move to take over Paragon Offshore

    22 February 2018
    Business & Finance, Exploration & Production

    Borr Drilling has made a binding tender agreement to offer to purchase all outstanding shares in Paragon Offshore. 

  • Paragon Offshore elects VP HR

    13 January 2015
    Business & Finance, Exploration & Production

    Paragon Offshore plc has announced that Julie A. Ferro has been appointed Vice President – Human Resources with responsibilities that include human resources, administration, learning and development, performance management, employee relations, recruiting and retention.  Paragon says that Ferro has more than 18 years of human resources experience working for both public and private companies in […]

  • Paragon sues Noble over ‘fraudulent corporate spin-off’

    18 December 2017
    Business & Finance

    Noble Corporation has expressed disappointment by a lawsuit from its spin-off Paragon Offshore, claiming that Noble jettisoned a fleet of old offshore drilling rigs via a fraudulent corporate spin-off.

  • Paragon Snubs Delivery of Ultramax Newbuilding

    26 May 2016
    Business & Finance

    Athens-based dry bulk shipping company Paragon Shipping has not taken delivery of an Ultramax newbuilding dry bulk carrier, according to a statement from the company. Namely, Paragon Shipping said that it received a notice of default from the Chinese shipbuilder Yangzhou Dayang Shipbuilding Co. Ltd. on May 24 for not taking delivery of the vessel. The company still […]

  • Paragon stacks drillship and semi-sub rig

    19 July 2016
    Exploration & Production

    Offshore drilling contractor Paragon Offshore has stacked one of its drillships and a semi-sub drilling rig in Puerto Rico. According to Paragon’s fleet status report on Monday, the 1981-built drillship Paragon DPDS2 was stacked in Puerto Rico. Petrobras early-released the rig in September 2015, as the company is disputing approximately 520 days of the drilling contract, which […]

  • Paragon Offshore stacks one more rig

    17 February 2016
    Exploration & Production

    Paragon Offshore, an offshore drilling contractor, has stacked one of its drilling rigs after it arrived from India to UAE.  According to the offshore driller’s February fleet status report, the 1975-built drillship Paragon MDS1 was stacked in the UAE as the rig was without a contract since October 2015. The drillship’s last contract before it was stacked […]

  • Paragon Offshore has 6 months to escape delisting from NYSE

    7 August 2015
    Business & Finance

    Paragon Offshore, a provider of offshore drilling rigs to the oil and gas industry, today announced that it had received a letter from The New York Stock Exchange (the NYSE) notifying it that, for 30 consecutive trading days, the price for Paragon’s common shares was below the minimum $1.00 per share requirement for continued listing […]

  • Paragon gets early termination in Middle East. Shrinks loss in 3Q

    9 November 2016
    Exploration & Production

    Drilling contractor Paragon Offshore has received an early termination for one of its jack-up rigs operating in the Middle East.  In its latest fleet status report, Paragon said on Tuesday that the jack-up rig M1162 has received an early termination notice from NDC (ADMA-OPCO). The company added it was in discussions with the client regarding […]

  • NYSE suspends trading of Paragon Offshore shares

    18 December 2015
    Exploration & Production

    The New York Stock Exchange has suspended trading in shares of offshore driller Paragon Offshore, effective immediately.  According to a statement by the drilling company the NYSE determined that Paragon’s ordinary shares were no longer suitable for listing based on “abnormally low” price levels. “As a result of this notification, Paragon will not submit a […]

  • Two extensions, one cancellation for Paragon Offshore’s jack-up rigs

    19 April 2016
    Business & Finance, Exploration & Production

    Offshore drilling contractor Paragon Offshore has received two contract extensions and one contract termination for its jack-up drilling rigs.  According to Paragon’s latest fleet status report, the contract for Paragon’s 1979-built jack-up drilling rig Paragon M1162, operating in the UAE, was extended from mid January 2017 to late January 2019. Paragon said it was in discussions […]

  • Paragon Offshore stacks two more rigs

    11 August 2015
    Business & Finance, Exploration & Production

    Paragon Offshore, a global provider of offshore drilling rigs, has stacked two jack-up drilling rigs and has been awarded several contract extensions with reduced dayrates. According to its latest fleet status report issued Tuesday, Paragon stacked the jack-up rig Paragon L1113 in the U.S. Gulf of Mexico. The rig’s contract with Pemex, offshore Mexico, with a dayrate […]

  • Noble’s Spinoff Paragon Offshore Gets CEO

    5 February 2014

    Noble Corporation plc has announced that Randall D. (Randy) Stilley has been selected to serve as president and chief executive officer of Paragon Offshore, the standard specification offshore drilling company to be created upon separation from Noble. “The Board of Directors is pleased that Randy will lead Paragon Offshore,” said David W. Williams, Chairman, President and […]

  • Paragon Hurt by Plummeting Market Rates

    3 September 2014
    Business & Finance

    Paragon Shipping Inc., a global shipping transportation company specializing in dry bulk cargoes, has reported a a net loss of over USD 35 million for the six months ended June 30, 2014. The company states that even though there was an increase in the number of operated vessels on average, a weak dry bulk market […]

  • Greece: Paragon Shipping Reaches Agreement with Commerzbank

    17 December 2012
    Business & Finance

    Paragon Shipping Inc., announced today that it has entered into a binding agreement with Commerzbank AG, subject to certain conditions and final documentation, to amend terms in its loan agreement dated August 12, 2011. More specifically, the Company has obtained waivers and Commerzbank has agreed to the relaxation of several financial and security coverage ratio […]

  • Paragon Postpones Delivery of Newbuilds, China

    8 November 2012

    Paragon Shipping Inc. has reached an agreement with Zhejiang Ouhua Shipbuilding Co., Ltd to postpone the delivery dates of the Company’s vessels under construction and to change the apportionment of the advances already paid among the vessels under construction. Under the amended shipbuilding contracts and based on the latest updates from the shipyard, the remaining […]

  • Rig impairments drag Paragon Offshore deeper into red

    10 March 2017
    Business & Finance, Exploration & Production

    Drilling contractor Paragon Offshore posted a deeper net loss for the fourth quarter 2016 compared to the prior-year fourth quarter due to jack-up rig impairments. The driller on Friday reported fourth quarter 2016 net loss of $244.4 million, as compared to fourth quarter 2015 net loss of $23.3 million. According to the company, results for […]

  • Paragon Offshore stacks two jack-ups, prepares four more

    14 July 2015
    Business & Finance, Exploration & Production

    Paragon Offshore, a provider of offshore drilling rigs, has stacked two jack-up drilling rigs, one in Malaysia and another one in Cameroon, and it will be stacking four jack-ups in the U.S. Gulf of Mexico.  Namely, Paragon Offshore stacked the jack-up rig Paragon L785 in Malaysia. The rig was previously working for Talisman from mid-April 2014 till […]

  • Paragon Offshore taking over Prospector Offshore Drilling

    17 November 2014
    Exploration & Production

    Paragon Offshore, an offshore drilling contractor, has acquired 52,749,014 shares of Prospector Offshore Drilling S.A., a publicly traded offshore drilling company listed on Oslo Axess. Paragon acquired the shares at a price of 14.50 Norwegian kroner (NOK) per share, or $2.13 per share based on the exchange rate of one United States dollar to 6.80 NOK. […]

  • Paragon proposes new board for Prospector Offshore Drilling

    25 November 2014
    Business & Finance, Exploration & Production

    Paragon Offshore, the largest shareholder of Prospector Offshore Drilling since last week, has lodged a formal request for an extraordinary general meeting of  the shareholders of Prospector Offshore Drilling S.A. to be convened. At the meeting, Paragon will seek to appoint new board of directors. To remind, Paragon Offshore last week acquired 93.5% of Prospector Offshore […]

  • Paragon’s drillship gets early release from Petrobras

    20 October 2015
    Exploration & Production

    Paragon Offshore, an offshore drilling contractor, has informed that Brazil’s state-owned oil giant Petrobras has given an early release to its drillship DPDS2. According to Paragon’s latest fleet status report,Petrobras released the drillship in September 2015 although it was originally contracted through early March 2017. Prior to release, the drillship was operating under a dayrate of $300,000. […]

  • Noble Corp. gives green light to Paragon spin-off

    14 July 2014
    Business & Finance, Project & Tenders

    Noble Corporation plc’s  board of directors has approved the spin-off of Paragon Offshore plc, a wholly-owned subsidiary of Noble, through a pro rata distribution of an aggregate of 84,753,393 Paragon ordinary shares to the holders of Noble ordinary shares. Noble shareholders will receive one ordinary share of Paragon for every three ordinary shares of Noble […]

  • Paragon Offshore delays ‘Prospector 6’ delivery

    24 July 2015
    Business & Finance, Exploration & Production

    Paragon Offshore, an offshore drilling contractor, has signed an agreement with Shanghai Waigaoqiao Shipbuilding Co., LTD., to extend the delivery date of the jack-up rig Prospector 6 to April 15, 2016.  Paragon said that, under the terms of the agreement, no payments are due to the shipyard until the delivery date and upon completion of […]

  • Paragon wins jack-up deal with Centrica

    18 October 2016
    Business & Finance, Exploration & Production

    Drilling contractor Paragon Offshore has been awarded a contract for one of its jack-up drilling rigs.  In its latest fleet status report on Monday, Paragon said its jack-up drilling rig Paragon B391 has won a contract with Centrica in the UK sector of the North Sea. The contract is for light well intervention services from […]

  • Paragon Offshore suffers $1B loss. Delays newbuild delivery

    9 November 2015
    Exploration & Production

    Paragon Offshore, a provider of offshore drilling rigs, has expanded its loss for the third quarter of 2015 when compared to the same period last year. In addition, the company has extended the delivery date for its newbuild jack-up rig.  Paragon Offshore on Monday reported a third quarter 2015 net loss of $1.08 billion, as compared […]