Offshore
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MMA Offshore facing shareholder revolt led by Michael Kum’s Halom Investments
MMA Offshore’s largest shareholder Halom Investments, led by Singaporean OSV stalwart Michael Kum, is calling for the removal of the…
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Addax extends FPSO contract with BW Offshore despite previous dispute and cancellation
BW Offshore subsidiary Sendje Berge has agreed terms of a contract extension for FPSO with Nigeria’s Addax Petroleum Exploration. The…
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Size of last week’s Gulf of Mexico oil spill revised upwards to 16,000 barrels
The US Coast Guard (USCG) on Thursday said that initial estimates of the size of last week’s major oil spill…
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Rowan awarded new contract and extension by BP
US offshore driller Rowan has secured a new contract as well as a contract extension from BP for two jackup…
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Honghua Group disposes of offshore business
Chinese oil and gas drilling equipment manufacturer Honghua Group has announced that it intends to dispose of its entire offshore…
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Pemex gets nod to drill its first presalt well
Mexico’s state oil firm Pemex has got the go-ahead explore the country’s first offshore presalt well. Approval from the national…
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Solstad Farstad secures CSV contract extension
Norway’s Solstad Farstad has secured a contract extension from Blue Marine for its construction support vessel . The extension will…
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Hartmann finds buyers for AHTS fleet
Breakwater Capital and Hayfin Capital Management have bought into 11 anchor handling tug supply vessels from Hartmann Group, which has…
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Republican politicians plan to open up Arctic and Atlantic waters to drilling by using budgetary tactic
Republicans in the US Congress are planning to use congressional budget rules to let them pass policy that will open…
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Pemex delays restart of Salina Cruz refinery because of aftershocks
Pemex, Mexico’s state oil firm, said on Tuesday it is delaying the reopening of its refinery at Salina Cruz because…
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Subsea 7 buys out OCV stake from Solstad Farstad
Norway’s Subsea 7 has announced an agreement to acquire the remaining 50% shareholding in joint ventures Normand Oceanic and Normand…
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GC Rieber Shipping awarded option for survey vessel
British Antarctic Survey (BAS), a unit of the Natural Environment Research Council (NERC), has declared its fifth and final option…
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Shesh Venkatraman: The next chapter
News yesterday that Shesh Venkatraman will be departing his position of chief executive officer at Singapore offshore operator Miclyn Express…
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Plight of Malaviya Seven crew continues as auctioneer withdraws ship from sale
A solitary lowball bid for a detained OSV in Aberdeen yesterday saw an auctioneer cancel the ship’s sale, in the…
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Transocean drillship wins new $106m BHP contract
Transocean has clinched a new contract with BHP Billiton worth $106m for ultra-deepwater drillship . The new contract commences in…
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Subsea 7 ends Malaysian JV
Subsea 7 and Malaysia’s Sapura Energy have brought their joint venture, SapuraAcergy, to a close. SapuraAcergy’s heavylift and pipelay vessel …
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Wood awarded FEED contract for offshore gas platform
UK offshore engineering specialist Wood, formed by Wood Group’s acquisition of Amec Foster Wheeler, has secured a $12m front-end engineering…
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US Gulf of Mexico oil output almost back to normal in wake of Nate
US Gulf of Mexico oil and gas production is practically back to full output following the widespread shut-ins caused by…
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Shesh Venkatraman to depart Miclyn Express Offshore
Shesh Venkatraman will be departing his position of chief executive officer at Singapore offshore operator Miclyn Express Offshore (MEO). Venkatraman…
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Pacific Radiance debt obligations suspended as debt restructuring nears
Singapore offshore operator Pacific Radiance says it has commenced discussions with potential investors as it looks to raise funds as…
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