Offshore
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Vallianz settles $138.7m of debts with Swiber and Rawabi
Struggling Singapore OSV provider Vallianz Holdings has fixed separate set-off and settlement agreements (SOSAs) with Swiber Holdings and Rawabi Holding to…
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Solstad Offshore finds work for four PSVs
Norway’s Solstad Offshore has been awarded new contracts and contract extensions for platform supply vessels Normand Flipper, Normand Aurora, Normand Skude…
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CNH approves deepwater development for Pemex on condition it finds a JV partner
CNH (Comisio Nacional de Hidrocarburos) Mexico’s oil industry regulator on Wednesday approved a deepwater development in the Gulf of Mexico…
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ExxonMobil extends contract for Maersk Viking drillship at reduced rate
Texas-headquartered ExxonMobil has extended its contract with Danish offshore driller Maersk Drilling for the ultra-deepwater drillship in the Gulf of…
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DONG Energy sells upstream business to Ineos
Denmark’s DONG Energy has today agreed to divest the entire share capital of DONG E&P to the UK’s Ineos for…
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Seadrill promotes Dibowitz to CEO
Under pressure Seadrill has promoted its American chief commercial officer to replace Per Wullf as CEO. Anton Dibowitz will take…
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Vallianz secures work for four vessels worth $115m
Singapore OSV operator Vallianz Holdings has sealed long-term charters for four vessels valued at up to a total of $115m.…
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Trump budget plans to axe offshore royalties for four states with Gulf of Mexico shorelines
US President Donald Trump’s budget proposal for 2018 includes repeal of Gulf of Mexico oil activity royalty payments to four…
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UK court puts Paragon Offshore in administration in latest phase of Chapter 11 process
A court in the UK has put US-based offshore rig operator Paragon Offshore in administration, the next step in the company’s…
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Bergen Group acquires AAK Energy Services
Norwegian maritime service company Bergen Group has entered into an agreement to purchase AAK Energy Services, an engineering firm in…
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Yinson Holdings forms joint venture with PetroVietnam
Malaysia’s Yinson Holdings subsidiary Yinson Clover has entered a consortium agreement with PetroVietnam Technical Services Corporation (PTSC) to jointly undertake…
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Wagenborg secures five-year charter for MPV
Dutch owner Wagenborg Offshore has been awarded a long-term vessel contract by Fathom Marine. The contract will see Wagenborg’s multipurpose…
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Louisiana official named head of BSEE
A former Louisiana state official has been named the new head of the US Bureau of Safety and Environmental Enforcement…
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Marco Polo Marine places Indonesian yard under court-led restructuring
Singapore offshore operator Marco Polo Marine has announced that its Indonesian subsidiary, PT Marcopolo Shipyard, has filed an application to…
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Pacific Radiance sets up Middle East JV with Allianz
Singapore’s Pacific Radiance has set up a JV with Dubai-based Allianz Marine as it looks for new avenues to increase…
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Statoil exercises option on Dolphin Drilling semi-submersible
Fred. Olsen Energy subsidiary Dolphin Drilling has announced that Statoil has exercised a single well option for semi-submersible rig .…
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Wilhelmsen ups stake to become majority owner of NorSea
Wilh. Wilhelmsen Holding has entered into a letter of intent with Eidesvik Eiendomsinvest and Simon Møkster Eiendom to acquire 32%…
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Mexico sets minimum extra royalty payments for next month’s shallow-water oil rights auction
Mexican authorities have set the minimum extra royalty payments that bidders will be required to offer at next month’s offshore…
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BOEM to offer 1.09m acres for oil and gas exploration offshore Alaska
The US Bureau of Ocean Energy Management (BOEM) on Thursday said it will offer more than a million acres for…
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Ocean Yield extends charter with Ezra Holdings for Lewek Connector
Norwegian owner Ocean Yield has extended a $40,000 per day charter to a related company of Singapore’s Ezra Holdings for…
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