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Hercules Offshore Welcomes New VPs

Hercules Offshore, Inc. announced the appointment of Son P. Vann to Vice President Investor Relations and Planning and John F. Wasmuth to Vice President Tax.

Mr. Vann joined the Company in June 2010 as the Director, Investor Relations and Finance. Prior to joining Hercules Offshore, he served in various financial roles in the investment banking industry at Jefferies & Company, Solomon Smith Barney and UBS. Mr. Vann holds a Bachelor of Business Administration in Finance from the University of Texas at Austin and is CFA Charterholder.

Mr. Wasmuth has served as our Director of Tax since he joined the Company in August 2010. His extensive experience in the oil and gas industry includes positions with Repsol Services Company, Cameron International and Shell Oil Company. Mr. Wasmuth holds a Bachelor of Business Administration in Accounting from the University of Texas at Austin and is a Certified Public Accountant (CPA).

Stephen M. Butz, Senior Vice President and Chief Financial Officer, stated, "With extensive experience in both the capital markets and energy industry, Son has been a vital asset to our Company and has already provided key contributions in strategic planning and execution of our growth initiatives.

"John has been an integral part of our management team and has provided a wealth of knowledge and experience in the tax arena. John's extensive international tax planning expertise is a tremendous asset to the company as we continue to expand our international operations. It is with great pleasure that we announce these officer appointments and look forward to both Son and John's continued contributions to Hercules Offshore."

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Hercules Offshore Welcomes New VPs

BW Offshore: Successful placement of bond

Reference is made to the notification sent on 1 March 2012 regarding a potential new bond issue by BW Offshore Limited. A NOK 500 million senior unsecured bond issue with expected maturity date on 15 March 2017 has successfully been completed. Settlement date is expected to be 15 March 2012.

The proceeds will be used for general corporate purposes.

An application will be made for the bonds to be listed on Oslo Brs.

DNB Markets, Nordea Markets, Pareto Securities and SEB Merchant Banking acted as joint lead managers of the bond issue.

For further information, please contact:

Knut R. Sthre, CFO, +47 9111 7876

Kristian Flaten, Vice President IR and Corporate Finance, +47 9509 2322

About BW Offshore:

BW Offshore is a leading global provider of floating production services to the oil and gas industry. With the acquisition of Prosafe Production in 2010, the company has become the world`s second largest contractor with a fleet of 14 FPSOsand 2 FSOs represented in all major oil regions world-wide. BW Offshore has an excellent track record on project execution and operations, as well as a robust balance sheet and strong financial capabilities. In30 years of production, BW Offshore has successfully executed more than 30 FPSO and FSO projects. The company is listed on the Oslo Stock Exchange. Further information is also available on http://www.bwoffshore.com

The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

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BW Offshore: Successful placement of bond

Hercules Offshore Announces Officer Appointments

HOUSTON, March 2, 2012 /PRNewswire/ -- Hercules Offshore, Inc. (Nasdaq: HERO - News) announced the appointment of Son P. Vann to Vice President Investor Relations and Planning and John F. Wasmuth to Vice President Tax.

Mr. Vann joined the Company in June 2010 as the Director, Investor Relations and Finance. Prior to joining Hercules Offshore, he served in various financial roles in the investment banking industry at Jefferies & Company, Solomon Smith Barney and UBS. Mr. Vann holds a Bachelor of Business Administration in Finance from the University of Texas at Austin and is CFA Charterholder.

Mr. Wasmuth has served as our Director of Tax since he joined the Company in August 2010. His extensive experience in the oil and gas industry includes positions with Repsol Services Company, Cameron International and Shell Oil Company. Mr. Wasmuth holds a Bachelor of Business Administration in Accounting from the University of Texas at Austin and is a Certified Public Accountant (CPA).

Stephen M. Butz, Senior Vice President and Chief Financial Officer, stated, "With extensive experience in both the capital markets and energy industry, Son has been a vital asset to our Company and has already provided key contributions in strategic planning and execution of our growth initiatives.

"John has been an integral part of our management team and has provided a wealth of knowledge and experience in the tax arena. John's extensive international tax planning expertise is a tremendous asset to the company as we continue to expand our international operations. It is with great pleasure that we announce these officer appointments and look forward to both Son and John's continued contributions to Hercules Offshore."

Headquartered in Houston, Hercules Offshore, Inc. operates a fleet of 42 jackup rigs, 17 barge rigs, 63 liftboats, two submersible rigs, and one platform rig. The Company offers a range of services to oil and gas producers to meet their needs during drilling, well service, platform inspection, maintenance, and decommissioning operations in several key shallow water provinces around the world. Hercules Offshore currently holds 28.0% of share capital in Discovery Offshore, a pure play, ultra-high specification jackup rig company. For more information, please visit our website at http://www.herculesoffshore.com.

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Hercules Offshore Announces Officer Appointments

Apple pushes ahead with plans to launch streaming TV service despite balky content providers

Mar 02, 2012 - 05:30 PM EST AAPL: 545.18 (+0.71, +0.13%) | NASDAQ: 2976.19 (-12.78, -0.43%)

Friday, March 2, 2012 10:33 am 29 Comments

For months, Apples point man, Eddie Cue, has been leading talks with content providers, which have largely balked at the tech giants efforts to exert control over all aspects of the video service, including pricing, sources said, Atkinson reports. Apples negotiating stance can be summed up as we decide the price, we decide what content, according to one source familiar with the talks.

Apple is pitching the idea of offering channels as apps for its devices, including its Apple TV set-top box. Its unclear whether it would group the apps together and charge a fee similar to a cable-TV subscription or offer the channels on an a la carte basis, Atkinson reports. Apple hasnt given up, however, and is said to be pursuing deals with telecom companies such as Verizon and AT&T. It hopes to get traction with a single player in hopes of pulling the rest of them along. While Apple is also rumored to be working on its own actual TV set, sources believe its first priority is to bring a TV service to the market.

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MacDailyNews Take:

Content producers should get to work then on producing their own apps Well make a folder of them on our iOS devices and itll look and act just like the channel lineup in the cable companies iPad apps. MacDailyNews Take, April 11, 2011

[Thanks to MacDailyNews readers too numerous to mention individually for the heads up.]

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Apple pushes ahead with plans to launch streaming TV service despite balky content providers

Can Dog TV Make a Profit?

Gilad Neumann wants to be clear: He does not want to turn your dog into a couch potato. But if youre going out for a few hours, he hopes that soon youll leave your television on and tuned to his new cable channel, Dog TV, the first channel directly targeting canine viewers.

Veterinary associations like the Humane Society and the ASPCA have been recommending for dog owners to leave the TV or radio on when they leave their dog home alone for many hours, says Neumann, Dog TVs founder and chief executive officer. However, not every video that you leave your dog with is appropriate, he says. [Anything that contains] fireworks or gunfire could scare your dog and create more stress than no TV. Dog TVs programming, on the other hand, is meant to soothe your dogs abandonment anxietyand spare your furniturewhile he or she is alone.

Dog TV went live on Feb. 12 after four years of dog-market research and several hundred thousand dollars of pre-seed money (Neumann wont give a specific amount). For now, its available only to Time Warner Cable (TWC) and Cox Media customers in the dog-loving city of San Diego, a test market of about 1 million cable subscribers. Jasmine Group, the Israeli production company behind Dog TV, hopes to expand across the U.S. by the end of the year, and start charging a premium of $4.99 per month. The company believes this is a small price for absentee dog owners to pay to assuage their guiltespecially compared with doggy day-care rates, which can range from $40 to $50.

Watch a few minutes of Dog TVa beagle and a Pekingese cavorting in a field set to cheery Muzak, sayand youd be forgiven for confusing it with the Puppy Channel, the terminally cute, all-puppies-all-the-time experiment that hit its peak in the late 90s before becoming a casualty of the dot-com bubble and setting a daunting precedent for other dog-centric programming. But a lot has changed in the last decade, both in entertainment and in man-pet relations: There are an increasing number of pampering products and services that extend human comforts to dogs, from gourmet food to therapy. And Dog TV, after all, isnt for humans. For one thing, the colors will seem off, since theyve been calibrated to suit dogs limited vision. (Essentially color-blind, dogs can only see shades of blue and yellow.) Were constantly doing you can call them focus groups for groups for dogs, says Neumann. Weve noticed, for example, that dogs are not thrilled about barking on the channel, so weve removed almost all barking.

The content is relatively cheap to produce: Videos are shot largely in San Diego and Israel, canine actors dont need to be paid, there are no elaborate sets, and the veterinarian-approved music is written and performed in-house. Short segments play throughout the day and are designed to alternately soothe and stimulate the viewer.

There are, as yet, no plans to air dog sitcoms, dog procedurals, or any form of narrative content. Were not creating CSI for dogs, says Neumann. The reason, he says, is not so much that dogs wouldnt be able to follow a narrative show. On the contrary: Hes worried they would get hooked. Were not creating a TV channel for dogs so they sit there for eight hours a day. Dog TVs goal, he says, is simply to create a good environment for the dogs.

In a video on Dog TVs website, Nick Dodman, a Tufts University veterinarian who acts as an adviser to the channel, says, One thing that people shouldnt expect is for their dog to sit, as we do, in front of the TV and stare at the screen for hours and hours. Its more of a backdrop. If dogs are not expected to react to the screen, and owners arent around to see how the dogs behave in their absence, how can subscribers be sure theyre not just paying $4.99 a month for glorifiedand discoloredYouTube videos? A hundred percent of the time, [owners] get research-based content in which both music and video are completely appropriate for their dog, says Neumann. Theres nothing to irritate, stress, or scare your dog.

The channels creators are planning to attract advertising, but arent yet sure how to integrate it into the programming. The advertising is mostly going to be on our digital [platforms], because we know its difficult to advertise on the channel for the dogs because its not really effective.

If Dog TV is a success domestically, Jasmine Group hopes to expand internationally. Its an advantage of the channel that we can move the content to any country because the language is not significant, says Yossi Uzrad, president of Jasmine Group and a producer of films such as The Bands Visit, Israels official entry to the 2008 Oscars. Because Jasmine owns all the rights to the content, Uzrad foresees other growth opportunities. People can buy Dog TV music and put it in the car while theyre driving, for example, he says.

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Can Dog TV Make a Profit?