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Offshore

Dryships Signs Another Drilling Contract

DryShips Inc. announced today that its fully-owned subsidiary Ocean Rig UDW Inc has signed definitive documentation following the previously announced Letter of Award. The contracts were signed with subsidiaries of Vanco…

Offshore

Google's Reicher to Invest in Offshore Wind

According to an Oct. 12 report from Google Inc., the Web company that a decade ago used engineering prowess to conquer the nascent online advertising market, is now aiming technology and its cash pile at another…

Contracts

Tidewater Signs for Four PSVs with Drydocks World

Tidewater entered into a contract with Drydocks World for the construction of four 265-ft. deepwater platform supply vessels at its shipyard in Batam, Indonesia. The delivery of these high-performance, high-capacity…

Offshore

IEA: Oil Outlook Through 2011

According to the International Energy Agency’s July 2010 Oil Market Report, global oil demand through 2011 is projected to rise 1.6% or 1.3 mb/dyear ‐ on ‐ year to 87.8 mb/d, driven entirely by non-OECD country…