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Dry Cargo
Klaveness offloads last kamsarmax
Norwegian owner Klaveness has sold kamsarmax vessel to “Asian interests”, it announced today. The vessel was the last of a…
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Europe
SD Standard Drilling continues to invest in PSVs
Norwegian offshore investment vehicle SD Standard Drilling has taken a 20% stake in PSV Opportunity II DIS. PSV Opportunity II…
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Europe
Dong appoints J.P. Morgan to explore sale of oil and gas business
Denmark’s Dong Energy has confirmed the appointment of J.P. Morgan as it reviews options regarding the future of its oil…
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Europe
Stena Drilling rig handed early termination by Statoil
Noway’s Statoil has announced a decision to cancel the contract for Stena Drilling semisubmersible rig . While the rig had…
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Europe
Saipem cutting a further 800 jobs across Europe
Italian oil and gas giant Saipem has unveiled a new three-year strategic plan designed to help the company face continued…
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Europe
Transocean finds work for two semisubs, scraps another three
Offshore driller Transocean has won a contract for semisubmersible for work offshore Canada according to their latest fleet status report.…
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Asia
Swissco rescue plan outlined
Embattled Singapore offshore operator Swissco Holdings has finally outlined a restructuring plan designed to save the company from bankruptcy. At…
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Americas
Wood Group wins long-term EPC deal off Canada
Wood Group has been awarded a five-year contract for engineering, procurement, construction and maintenance services at the Hibernia platform, offshore…
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Europe
CGG wins survey work from Pemex
French seismic operator CGG has won a major contract with Pemex to deliver solutions to optimize subsalt seismic imaging from…
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Europe
Maersk Drilling swings the axe as 9 of 23 rigs lay idle
Maersk Drilling is downsizing its workforce announcing 70 jobs are being cut from its headquarters. The cuts are a response…
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Asia
Sembcorp Marine takes full control of North Sea subsidiary
Sembcorp Marine subsidiary Sembcorp Marine Offshore Platforms has entered into an agreement with minority shareholders to acquire the remaining 30%…
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Europe
Electromagnetic Geoservices extends vessel charter at lower rate
Norwegian geophysical services company Electromagnetic Geoservices (EMGS) has extended the charter agreement for seismic vessel Atlantic Guardian with North Sea…
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Europe
Noble Corporation finds work for stacked jackup rig
UK headquartered offshore driller Noble Corporation has found work for jackup rig which has been stacked since early June. The…
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Europe
Avance Gas raising $55m via private placement
Norway’s Avance Gas is looking to raise $55m via a private issuing of new shares worth up to $55m to…
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Asia
Keppel axes 3,000 more workers as 2016 job losses top 8,000
Singapore’s Keppel Offshore & Marine has revealed in its results that it has cut a further 3,080 workers from its…
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Europe
GasLog orders new LNG carrier to support Centrica charter
Greek LNG shipowner GasLog has ordered an 180,000 cu m LNG carrier from Korea’s Samsung Heavy Industries to support a…
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Asia
Rickmers Maritime investors hit back with further legal action
Rickmers Trust Management, the trustee-manager of Rickmers Maritime, is facing legal action from investors who want to force the ailing…
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Europe
Subsea 7 wins EPCI contract offshore Egypt
UK-headquartered subsea specialist Subsea 7 has been awarded a contract by Pharaonic, for work offshore Egypt in the Atoll field.…
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Europe
Transocean raises $600m for new drillship
Offshore driller Transocean has closed a $600m note offering, where proceeds will be used to partially finance newbuild drillship .…
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Asia
Swissco finalises restructuring proposal
Singapore offshore operator Swissco Holdings appears to have finalised a restructuring plan to present to investors, calling an informal meeting…
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