Offshore
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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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Harvey Gulf secures four contracts for stacked vessels
US offshore vessel operator Harvey Gulf International Marine has signed four long-term contracts for vessels currently stacked. The company’s multipurpose…
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MMT Sweden awarded offshore pipeline inspection work
Marine survey service provider MMT Sweden has been awarded a three-year contract by Nord Stream AG to inspect both lines…
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Deep Sea Supply secures two PSV contracts
Norwegian OSV operator Deep Sea Supply has announced that the company has been awarded time charter contracts for the PSVs…
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GulfMark Offshore commences bankruptcy case
GulfMark Offshore has commenced a chapter 11 case in the United States Bankruptcy Court for the District of Delaware as…
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Paragon Offshore expects to exit Chapter 11 by July
Paragon Offshore has sought to go into administration in the UK as part of its reorganisation plan under Chapter 11…
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OSV market values: Please sir, can I have some more?
Over the last couple of months we have witnessed the decimation of the OSV sector in Southeast Asia. Big names…
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Petrobras plan to exercise preferential rights in upcoming auctions
Brazil’s state oil firm Petrobras will exercise its preferential rights in two offshore oil auctions later this year, according to…
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Euronav JV secures five-year FSO contract extensions
Euronav has announced that its 50% owned joint venture with International Seaways has signed a five-year contract with North Oil…
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GulfMark Offshore to file for Chapter 11
Troubled US offshore support vessel (OSV) operator GulfMark Offshore says it will file for Chapter 11 bankruptcy protection as part…
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Wintermar Offshore gets breathing space from lenders
Indonesian OSV owner PT Wintermar Offshore Marine says it has completed loan rescheduling agreements with key lenders. The agreements have…
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Oceaneering awarded Gulf of Mexico contract by Shell
Offshore service contractor Oceaneering International has been awarded a contract by Shell Offshore to provide services and products to support…
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Eidesvik Offshore warns of potential financial restructuring
The protracted offshore slump could see another Norwegian OSV owner forced into restructuring. Eidesvik Offshore managed to improve its quarterly…
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Charter dispute between POSH and Makamin heats up
A dispute between Singapore-listed PACC Offshore Services (POSH) subsidiary POSH Semco and Saudi Arabia’s Makamin Offshore continues to escalate. Last…
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Rowan to buy two jackup rigs from Petrobras
Houston-headquartered offshore drilling firm Rowan Companies has reached a provisional agreement to buy two jackup rigs from Brazil’s state oil giant…
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Saudi Aramco awards platform contract to NPCC
Saudi Aramco has awarded a contract to UAE’s National Petroleum Construction Company (NPCC) for the construction of four offshore platforms…
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US Congressmen ask President Trump to back away from offshore drilling
Dozens of US Congressmen have signed a letter calling on President Donald Trump to think again about his recent directives…
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