Offshore
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Singapore Shipping Association pushes for lower port dues for hard-pressed OSVs
Admitting that times remain tough for many in the industry, Esben Poulssen, the new president of the Singapore Shipping Association,…
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28% plunge in Vard’s share price prompts SGX to investigate
OSV builder Vard Holdings has been queried by the Singapore Exchange (SGX) after its share price nosedived 28% today. Vard…
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Black Elk Energy faces charges for fatal offshore explosion
A Houston-based company is facing criminal charges relating to an explosion on an offshore oil production platform that claimed three…
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Hillary Clinton tweets her opposition to Arctic oil drilling
Hillary Clinton, the likely Democratic Party candidate in next year’s US general election, has tweeted her opposition to offshore oil…
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Shell gets final green light for Arctic drill into oil-bearing zone
Shell Oil has been drilling at one of its Arctic offshore prospects for more than two weeks already – albeit…
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Coscol scores Shell semisub transport contract
The heavylift arm of China’s largest maritime conglomerate, Cosco Shipping (Coscol), has signed a contract with Shell Offshore to transport…
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Lundin takes up $10m option with Prosafe
Lundin Norway taken up a one month option on Prosafe’s semi-submersible accommodation vessel Safe Boreas, located at the Edvard Grieg…
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Former Petrobras chief sentenced to more than 12 years
A former Petrobras executive was give a prison sentence of more than 12 years by a Brazilian judge on Monday,…
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Prosafe wins new North Sea contract
Oslo-listed Prosafe has won a new contract from an undisclosed client for an accommodation vessel to operate in the UK…
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Italian prosecutors probe Saipem for alleged link to Petrobras bribery scandal
Italian oil and gas contractor Saipem is facing a corruption probe in its home country because of its alleged connection…
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Odfjell Drilling looks to offload drillship
Odfjell Drilling has said today that its jv, Chloe Marine Corporation, has appointed Pareto Offshore as broker to sell ultra…
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Prosafe scores three-year Petrobras charter
Norway’s Prosafe has been awarded a three-year charter contract by Petrobras Netherlands for the provision of semi-submersible accommodation vessel Safe…
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USCG fines five from Greenpeace bridge-dangling protest
The US Coast Guard is fining five Greenpeace protesters $5,000 each for their roles in last month’s Portland bridge-dangling protest…
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Bumi Armada Caspian settles with SEA
Bumi Armada Caspian (BAC), part of Malaysia’s Bumi Armada group, has signed a final settlement agreement for 3.2m Euro ($3.6m)…
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Havyard to restructure, cut 100 jobs
Norwegian offshore yard and ship technology supplier Havyard Group has said today that it will be implementing further measures to…
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Hercules Offshore files for Chapter 11 bankruptcy
NASDAQ-listed drilling contractor Hercules Offshore has said in an announcement today that it has filed a pre-packaged plan of reorganization…
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How oil price volatility affects us all
This is the fourth or fifth attempt at writing this article as the current market situation is not only volatile…
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Barakah Offshore and Ocean Installer to collaborate in Malaysia
Malaysia’s Barakah Offshore Petroleum, via subsidiary PBJV, and Norwegian subsea service provider Ocean Installer have signed a collaboration agreement to…
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Imtech files for bankruptcy
Dutch engineering firm Royal Imtech filed for protection from its creditors yesterday on the back of a giant accounting fraud…
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Ceona chairman stands down due to ill-health
UK-headquartered SURF contactor Ceona has announced that the company’s chairman, John Smith, has stepped down with immediate effect due to…
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