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.
The industry-leading fuel management systems from Fueltrax are typically installed by oceangoing vessels looking to cut costs, better manage their fuels, and reduce emissions. Now vessels that primarily operate on inland and near-coastal waterways are reaping the benefits as well.A major U.S. charterer and vessel owner has outfitted half a dozen of its vessels and is realizing the advantages.
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