Offshore News Archive - Offshore, Drilling, Subsea, Oil and Gas Updates

Offshore

Sapura Energy secures $450m worth of contracts

June 22nd, 20180 Malaysian oil and gas service provider Sapura Energy has secured a series of new contracts worth around RM1.8bn ($450m). Under the contracts, Sapura Energy will be...

Offshore

COSL secures jackup contracts from Aramco

June 22nd, 20180 China Oilfield Services (COSL), the offshore oil and gas service unit of state run energy giant CNOOC, has been awarded contracts by Saudi Aramco for the hire of two...

Offshore

Shelf Drilling to list in Oslo on Monday

June 22nd, 20180 UAE-based offshore driller Shelf Drilling has completed the bookbuilding process for its initial public offering on the Oslo Stock Exchange. Earlier this week, Shelf...

Offshore

Solstad Farstad sells another AHTS

June 21st, 20180 Norwegian OSV giant Solstad Farstad has sold the 2011-built anchor handling tug supply vessel . Delivery of the vessel to the new owner took place on June 20,...

Offshore

Shelf Drilling IPO oversubscribed

June 20th, 20180 UAE-based offshore drilling contractor Shelf Drilling says its upcoming IPO is oversubscribed at the minimum deal size within the indicative price range. The company...

Offshore

Cox Oil agrees on $322m buyout of EGC

June 19th, 20180 Cox Oil, a Dallas-based offshore oil company focused on Gulf of Mexico developments, has agreed to buy Houston-based E&P firm Energy XXI Gulf Coast (EGC) for...

Offshore

MOL buys into Røkke’s subsea business

June 19th, 20180 Japan’s largest shipping line Mitsui OSK Lines (MOL), as well as compatriot trading house Mitsui & Co, are investing further into the Norwegian subsea business,...

Offshore

LOC Renewables acquires majority stake in Innosea

June 19th, 20180 UK-based marine engineering consultancy LOC Renewables has acquired a 70% stake in French marine energy engineering firm Innosea. Innosea is a spin-off company from...

Offshore

Rowan jackup gets three-year Saudi Aramco contract

June 19th, 20180 US offshore driller Rowan Companies has leased its super gorilla XL class jackup rig to ARO Drilling, its joint venture with Saudi Aramco. The jackup will be used...

Offshore

Transocean scrapping three drillships and a semi-submersible

June 19th, 20180 Offshore driller Transocean says it will be retiring four of its offshore drilling units, made up of three drillship and a semi-submersible rig, leading to an impairment...

Offshore

Wilson Sons secures PSV contract from Fendercare Marine

June 15th, 20180 Brazilian maritime group Wilson Sons has announced that its 50% joint venture Wilson Sons Ultratug Offshore has secured a new contract from Fendercare for the hire of...

Offshore

Yinson set to close Nigerian FPSO deal

June 15th, 20180 Malaysia’s Yinson Holdings has started exclusive negotiations to supply a floating production storage and offloading (FPSO) to Nigeria's First Exploration &...

Offshore

Byron Energy awarded four blocks offshore US Gulf of Mexico from March lease sale

June 13th, 20180 Independent oil and gas E&P firm Byron Energy announced on Tuesday that it has been awarded four offshore blocks at the Gulf of Mexico Lease Sale by the US Bureau of...

Offshore

Court grants Pacific Radiance six-month moratorium

June 13th, 20180 The High Court of Singapore has granted financially troubled OSV operator Pacific Radiance a six-month moratorium in order to preserve the company’s restructuring...

Offshore

Subsea 7 secures EPIC contract offshore Egypt

June 13th, 20180 Norwegian subsea services provider Subsea 7 has been awarded a engineering, procurement, installation and commissioning contract by Burullus Gas Company for the West...

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Splash Dash

Hyundai Heavy runs out of offshore work
South Korean shipbuilding major Hyundai Heavy Industries (HHI) has announced that it will suspend... Jun 22nd, 2018 inShipyards
This is why jackup rig dayrates will double
David Carter Shinn from Norwegian offshore rig brokerage and advisory Bassoe Offshore reckons it's... Jun 22nd, 2018 inOffshore
The Great Reversal: US crude and the diverse forces shaping tanker markets
Reduced floating storage, the high level of deliveries and mixed impact of increased US crude... Jun 22nd, 2018 inContributions
Korea’s largest steel mill gets shipping partners to install scrubbers
Korea, Inc has thrown its weight behind scrubbers. In a significant move, POSCO, one of the top... Jun 22nd, 2018 inEnvironment
HMM denies it is preparing for life without Maersk and MSC
January 1, 2020 marks a date creating headaches for shipowners around the world as they gear up for... Jun 20th, 2018 inContainers
Should HMM stay or go?
On March 16 2017, Hyundai Merchant Marine (HMM) inked a three-year strategic cooperation agreement... Jun 20th, 2018 inOpinion

Diana Shipping newcastlemax gets pay rise from Koch

Danaos seals $2.2bn debt refinancing

Wilhelmsen Ship Management adds UK office, targets ambitious growth

Angelicoussis back at DSME for another LNG carrier

Negligent homicide charge dropped against commander of USS Fitzgerald

Yangzijiang wins more newcastlemax orders

Cox Oil agrees on $322m buyout of EGC

Generator fire doused on Great Lakes bulker, USCG to investigate

GMS adds to its growing operational fleet

Shelf Drilling to list in Oslo on Monday

Shelf Drilling IPO oversubscribed

Rowan jackup gets three-year Saudi Aramco contract

Hyundai Heavy runs out of offshore work

Korea’s largest steel mill gets shipping partners to install scrubbers

Sungdong Shipbuilding seeks new owners

Ocean Network Express shifts from road to rail in the UK

COSL secures jackup contracts from Aramco

Worker dies after falling off ship at Beihai Shipbuilding

Cosco’s huge swathe of boxships still to deliver this year puts liners on edge

Cosco offers US authorities Long Beach terminal solution to solve OOCL takeover

This is why jackup rig dayrates will double