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  • 15 March 2017

    UPS plans to add 50 liquefied natural gas (LNG) vehicles to its fleet as part of a US$90 million investment in natural gas.

  • 29 July 2010

    A self-contained combination drilling rig and floating barge, fitted with long support legs that can be raised or lowered independently of each other. The jackup, as it is known informally, is towed onto location with its legs up and the barge section floating on the water. Upon arrival at the drilling location, the legs are […]

  • 31 August 2015
    Business & Finance

    The Guarantor DBB Jack-Up Services A/S has obtained subordinated loans of DKK 25.0m and increased its overdraft credit facility by DKK 20.0m. Also, in agreement with existing financiers, the company has postponed instalments on loans by another DKK 9.2m. According to the company the demand for offshore major component replacements is expected to increase strongly […]

  • 31 August 2015
    Business & Finance

    The Guarantor DBB Jack-Up Services A/S has obtained subordinated loans of DKK 25.0m and increased its overdraft credit facility by DKK 20.0m. Also, in agreement with existing financiers, the company has postponed instalments on loans by another DKK 9.2m. According to the company the demand for offshore major component replacements is expected to increase strongly […]

  • 16 November 2017
    Business & Finance, Exploration & Production

    Offshore driller ADES has secured a drilling contract for its Admarine III jack-up rig in Egypt. The contract is with Egypt’s General Petroleum Company, and is for two years. GPC will have an option to extend for two more years. Dr. Mohamed Farouk, Chief Executive Officer of ADES International Holding, said: “Admarine III’s original contract with […]

  • 29 July 2010

    The jack up rig PV Drilling II at Vung Tau anchorage – April 29th, 2010

  • 11 February 2016

    US-based logistics giant UPS informed it has expanded its deal with Clean Energy Fuels to use up to 500,000 gallon equivalents of renewable liquefied natural gas (RLNG) annually in Texas. UPS stations in Houston and Mesquite will dispense the RLNG to a fleet of about 140 UPS tractors. The deal builds on UPS’s current agreement […]

  • 8 July 2013

    China Shipbuilding Industry Corporation today announced it has secured a contract to construct two jack-up rigs for Singapore’s FTS Derricks Pte Ltd. The company said that the contract was awarded last week to its subsidiary Shanhaiguan Shipbuilding Industry. Under the agreement, the two rigs will cost $218 million each. FTS Derricks also has option for […]

  • 14 May 2018
    Exploration & Production

    Where next for jack-up rates?

  • 1 July 2018

    Start-ups and innovation are two words that belong together.

  • 12 October 2017
    Business & Finance

    French container shipping company CMA CGM is planning to create its own start-up incubator in Marseilles, and to attract start-ups from around the world, Rodolphe Saadé, CEO of CMA CGM, announced at the Salon des Entrepreneurs trade fair in Marseilles. “With this project, CMA CGM wishes to play a leading role not only in the economic development […]

  • 1 May 2015

    UPS Freight revealed the addition of 64 liquefied natural gas tractors to its fleet.

  • 2 April 2015

    Agility Fuel Systems said that UPS has ordered 445 of its 160 DGE Behind-the-Cab CNG fuel systems for delivery in 2015.

  • 28 July 2016
    Business & Finance

    Singapore’s offshore services company Swiber Holdings has made an application to wind up the company following demands from creditors.  The company said it made an application to Singapore’s High Court on Wednesday, July 27, 2016, with the hearing set for August 19, 2016. Additionally, the company had also filed an application to place the company in […]

  • 2 April 2015

    Agility Fuel Systems said that UPS has ordered 445 of its 160 DGE Behind-the-Cab CNG fuel systems for delivery in 2015.

  • 29 October 2013
    Business & Finance

    Tevin Vongvanich, President and CEO of PTT Exploration and Production Public Company Limited or PTTEP revealed the 3rd Quarter Operating Results and the Financial Performance as per the following details: The 3rd Quarter Operating Results (Unreviewed) PTTEP and its subsidiaries posted a net profit of USD 566 million (equivalent to 17,805 million baht), an increase […]

  • 7 September 2017
    Business & Finance

    Singapore-incorporated Mercator Lines, formerly an owner of bulk carriers, has applied for winding up of its business. The application comes after the company spent months under judicial management. During this time the appointed Judicial Manager Yit Chee Wah held discussions with several potential investors to explore transferring the company’s listing status and/or its restructuring. The move was […]

  • 21 November 2017
    Project & Tenders

    UPS, a global logistics company, operating over 5,200 LNG and CNG vehicles has agreed to increase use of natural gas as fuel for its fleet through a supply deal with Big Ox Energy. 

  • 22 August 2012

    The General Organisation of Sea Ports (GOP), the custodian of Bahrain’s rich maritime legacy, is gearing up to host the World Maritime Day (WMD) Parallel Event scheduled to take place on 17th and 18th October, 2012. Based on the 2012 theme – “IMO: One hundred years after the Titanic” preparations are underway to organise maritime […]

  • 2 October 2015
    Business & Finance

    Norwegian owner and operator of offshore service vessels Farstad Shipping will lay off around 100 employees in Norway due to the planned lay up of two platform support vessels (PSVs) and three anchor handling tug supply (AHTS) vessels. The company has decided to lay up the five vessels as it expects further weakening of the offshore market. […]

  • 23 April 2015
    Business & Finance, Exploration & Production

    Rowan Companies, a Houston-based drilling contractor, has seen several revised operating rates for their rigs contracted by Saudi Aramco.  According to its latest fleet status report, five of its jack-up rigs under contract with Saudi Aramco in Saudi Arabia, are under revised operating rates beginning March 1, 2015. Namely, the operating rate for Hank Boswell high […]

  • 23 October 2015

    TOPBOND has announced the arrival of its new jack-up barge called TOPJACK. TOPJACK is has a 250t lift capacity and a modular construction, thus it can be transported by road or sea. It has 36m legs and is able to operate in water depths of up to 25m. Being 24.4m long and 17.08m wide, it offers a large deck capacity […]