Offshore
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Frigstad Offshore heads to Asian yards for newbuild semi-submersible
Norwegian offshore driller Frigstad Offshore has initiated a tender process with shipyards in Asia to build a new generation harsh…
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Prosafe lands TechnipFMC contract for Axis accommodation vessel
Offshore accommodation platform operator Prosafe has landed a contract in its role of commercial manager for Axis Offshore owned accommodation…
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Exxon’s Hebron project offshore Newfoundland produces first oil
ExxonMobil on Tuesday announced first oil output from the Hebron field offshore eastern Canada, according to Reuters. Located about 200…
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Bibby Offshore financial restructuring sees noteholders take over
Bibby Offshore has reached agreement with noteholders on the recapitalisation of its balance sheet in a deal which will see…
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Boskalis picks up Harkand DSV pair
Dutch dredging and offshore services company Royal Boskalis Westminster has strengthened its fleet with the addition of two 2011-built diving…
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China’s first offshore nuclear plant to deliver in 2020
China’s first offshore nuclear power station will deliver from a shipyard in 2020 and start working in the South China…
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Pemex insider Trevino Medina named as new CEO
Mexico’s President Enrique Pena Nieto announced on Monday that the next CEO of state oil firm Pemex will be Carlos…
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DOF Subsea wins several new contracts
Norway’s DOF Subsea has been awarded several contracts in the subsea IMR projects segment. DOF has been awarded a new…
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Venezuelan military man appointed to head PDVSA and oil ministry
Venezuela’s troubled state oil firm PDVSA has a new man at the top after a surprise move by national President…
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First oil flows from Brazil’s offshore Libra field
Oil has begun to flow from Brazil’s vast Libra offshore field, according to Reuters. A consortium of oil industry giants,…
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Miclyn Express Offshore flags going concern issues
Singapore offshore vessel operator Miclyn Express Offshore (MEO) has raised going concern issues in its latest annual report. MEO posted…
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Marnavi: Trucker of the sea faces challenges head on
Naples-based Marnavi is one of the few shipping companies in Italy which was not involved in restructuring processes in recent…
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OOS International and Jiangsu Fanzhou form offshore heavy lift alliance
Dutch offshore heavy lift and accommodation specialist OOS International has formed a strategic alliance with Chinese offshore services company Jiangsu…
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Petrobras to seek $6.8bn valuation for its distribution company in IPO
Brazil’s state oil giant Petrobras is going to seek a valuation of up to $6.8bn for its fuel distribution unit…
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Beleaguered PDVSA sets 50% cost-cutting target
Venezuela’s state oil firm PDVSA has launched an austerity drive aimed at cutting costs and expenses by half, according to…
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Oceanteam and KPMG battle over billing dispute
Dutch Norwegian offshore services company Oceanteam says that KPMG has withdrawn its services as the company’s statutory auditor in Norway…
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BW Offshore FPSO extended by AWE
BW Offshore has been awarded a one-year contract extension by Australian oil and gas company AWE for the lease and…
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Transocean semi-submersible nets $68m Davlin contract
Offshore driller Transocean has been awarded a contract by DEA Norge for semi-submersible rig to drill four production wells at…
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Citgo president detained by Venezuelan authorities on suspicion of corruption connected to PDVSA
The acting president of Venezuelan-owned American refiner Citgo has been arrested in the South American country on suspicion of corruption…
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US oil firms Talos Energy and Stone Energy are close to merger
US oil companies Houston-based Talos Energy and Stone Energy of Lafayette, Louisiana, are moving toward a $2.5bn merger, according to…
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