Offshore
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Siem Offshore set to reach restructuring deal with European creditors
Norwegian OSV operator Siem Offshore has announced that it is in the final stages of negotiations with its European banks and…
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Europe piles in with massive offshore wind orders as prices drop
Pareto Securities is predicting offshore wind costs will become lower than onshore wind and solar by 2030, something not lost…
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Mubadala Petroleum acquires stake in Egyptian offshore block
UAE-based Mubadala Petroleum has entered into a concession agreement with the Egyptian government for oil and gas exploration in Block…
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Havila Shipping seals OCV contract with Nexans
Norway’s Havila Shipping has entered into a charter contract with Nexans Norway for the 2009-built offshore construction vessel . The…
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Half the oil taken off stricken Venezuelan FSO
Venezuelan state oil company PDVSA has completed the transfer of half of the crude from the floating storage tanker, after…
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DSME diversifies into offshore substations
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has entered into an agreement with compatriot power plant builder Kepco…
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Dolphin Drilling awarded new contract by Ineos
Norwegian semi-submersible rig owner Dolphin Drilling has secured as new contract with Ineos Energy on the Norwegian continental shelf. The…
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Orsted presses ahead with H2RES renewable hydrogen project
Danish renewable energy firm Orsted has decided to take a final investment decision on the H2RES renewable hydrogen demonstration project…
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CWind Taiwan eyes cable maintenance market with new tie up
CWind Taiwan, a joint venture between CTV vessel owner CWind and IOVTEC, has signed a cooperation agreement with local firm…
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Elon Musk’s SpaceX buys Valaris rigs to build floating launchpads
Elon Musk’s SpaceX has acquired two semi-submersible drilling rigs from offshore driller Valaris, with plans to convert them into floating…
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Creditors approve Borr Drilling refinancing plan
Norway’s Borr Drilling has announced that the company’s liquidity improvement plan has received support from its creditors. Under the plan, the…
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Solstad Offshore awarded UK PSV contract
Norway’s Solstad Offshore has been awarded a contract for 2013-built platform supply vessel . The contract is with a UK…
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Archer awarded North Sea contract by Equinor
Norwegian offshore service provider Archer, in alliance with Welltec Oilfield Services and Schlumberger, has secured a five-year contract from Equinor…
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Wood seals deal to extend life of Morecambe Bay gas fields
UK engineering firm Wood has sealed an agreement with Spirit Energy to deliver late life solutions for the Morecambe Bay…
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Tanjung Offshore secures contract extension from Petronas
Malaysian offshore service provider Tanjung Offshore Services has received a contract extension from Petronas. The contract is for the provision…
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Near-term uncertainty plagues the OSV market
Limited visibility and volatility have made planning for 2021 difficult and there is little by way of longer term clarity,…
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US to sanction Russian pipelay vessel involved at Nord Stream 2
The United States has informed Germany of its plan to impose sanctions on pipelay barge which is involved in the…
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Shelf Drilling jackup pair get early termination from ADNOC
Dubai-headquartered offshore driller Shell Drilling has been given notification of early termination for jackup rig pair High Island VII and…
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Teekay sends FPSO to scrap
Teekay has awarded a contract to Modern American Recycling Services (M.A.R.S.) Europe for the dismantling and recycling of its 1997-built …
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Equinor contracts Odfjell Drilling semi-sub for an additional well
Offshore driller Odfjell Drilling has announced that Equinor has exercised one additional well for its semi-submersible rig . The well…
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