Offshore
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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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Topaz wins European work for MPSV
UAE-based offshore support vessel company Topaz Energy and Marine has won a charter, commencing today, for its multi-purpose supply vessel…
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New CEO appointed at Siem Offshore
Norwegian OSV operator Siem Offshore has announced that Idar Hillersøy has tendered his resignation as chief executive officer of the…
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Maersk Supply Service secures Culzean Project contract
Maersk Supply Service has secured a major contract from Maersk Oil UK to project manage the complete towing, mooring installation…
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Tidewater enters Chapter 11 as part of restructuring agreement
New Orleans-based offshore support vessel provider and some of its subsidiaries will file for Chapter 11 bankruptcy protection by May…
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UMW secures jackup rig contracts from Petronas
Malaysian oil and gas contractor UMW Oil & Gas Corporation has announced that subsidiary UMW Offshore Drilling has been awarded…
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DOF Subsea eyes Oslo listing
DOF Subsea, which is currently 51% owned by DOF and 49% owned by a First Reserve fund, says that it…
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Strong negative reaction to CBP withdrawal of Jones Act proposal
US shipbuilders, vessel owners and operators on Thursday voiced strong criticism of the Customs and Border Protection (CBP) agency’s withdrawal…
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AP Moller-Maersk’s first quarterly revenue growth since 2014 fails to mask ‘troublesome’ boxline problems
Maersk’s first quarterly revenue growth since 2014 today failed to mask what analysts are describing as “troublesome aspects” relating to…
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Subsea 7 moves in for EMAS Chiyoda Subsea stake
UK offshore contractor Subsea 7 is in advanced talks to take over a major stake in Singapore’s hard hit EMAS…
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SEACOR Marine set to be spun off next month
The timing and details regarding the spin-off of American OSV operator SEACOR Marine from SEACOR Holdings have been revealed. The…
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Paragon Offshore lands three new contracts
Paragon Offshore has announced the award of a new contract and two contract extensions via its latest fleet status report.…
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Golar and Ophir award FLNG conversion contract to Keppel Shipyard
Ophir Energy has announced that its partner Golar LNG has awarded construction contracts for the floating liquefied natural gas vessel,…
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CBP abandons plan to end Jones Act waivers for offshore supply vessels
The US Customs and Border Protection (CBP) agency on Wednesday withdrew a proposal that would have tightened up the Jones…
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Saipem awarded SURF contract by ExxonMobil in Guyana
Italian oil and gas contractor Saipem has been awarded an EPCI contract for the SURF package of the proposed Liza…
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Blue Water Shipping secures fourth Kazakhstani contract
Denmark’s Blue Water Shipping has secured a new contract to provide module transport and logistics services for Tengizchevroil (TCO) a…
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Louisiana Parish agrees $45m settlement with BP over Deepwater Horizon spill
Plaquemines Parish in Louisiana and British supermajor BP have come to a $45m financial settlement after years of court disputes…
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