U.S.-based offshore drilling contractor Noble Corporation on Wednesday announced it has completed its acquisition of peer Diamond Offshore Drilling. The merger creates the industry's largest fleet of 7th generation dual-BOP drillships and adds 4.8 rig years and approximately $2 billion to the Noble backlog, which now stands at $6.7 billion.
WIND Group has announced that equipment engineering and manufacturing company Draftec will join the WIND family. Together, they will enhance the support and services provided to their shared clients in international offshore and renewable projects.Draftec was founded in 2009 by Martijn Boone who, together with fellow Director Martijn Holtkamp, will continue to manage the company
Demopolis Lock—which suffered a recent catastrophic failure—is a cautionary tale for other locks and those in Congress and the White House who may fail to see the urgency and importance of investing in the inland waterways system.The nation’s inland waterways lock and dam infrastructure, largely constructed in the 1930s, has seen modernization and rehabilitation across the system