Offshore
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CNH finalises seven contracts for projects in the Gulf of Mexico
Mexico’s oil industry regulator CNH has finalised seven deep-water contracts for E&P oil drilling in the Gulf of Mexico. The…
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BSEE finds failures of safety practices in oil rig worker’s death
The US Bureau of Safety and Environmental Enforcement (BSEE) has released its findings from an inquiry into a fatal accident…
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Deep Sea Supply, Farstad and Solstad set to complete mega merger
The consolidation of Norwegian OSV giants Deep Sea Supply, Farstad Shipping and Solstad Shipping is expected to be completed during…
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Wood Group acquiring Amec Foster Wheeler in $2.7bn deal
UK oil services firm Wood Group is set to take over Amec Foster Wheeler after an agreement was reached between…
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ICBC terminates Emas Offshore charter, claims $194.5m against Ezra
Singapore’s offshore vessel operator Emas Offshore has announced that its subsidiary Lewek Champion Shipping has received a notice of termination…
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Seadrill settles with Hyundai Samho over semi-sub cancellation
Offshore driller Seadrill has announced that it has reached a settlement agreement with Hyundai Samho Heavy Industries regarding the cancellation…
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DOF takes on ex-Farstad anchor handler
Norwegian offshore vessel operator DOF says it has entered into a management agreement with the new Norwegian owner of Farstad…
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UMW secures jackup contract from Vestigo
Malaysian offshore drilling contractor UMW Oil & Gas Corporation has received a letter of award from Vestigo Petroleum for the…
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Anadarko makes gas find offshore Colombia
US oil and gas firm Anadarko Petroleum has made a discovery offshore Colombia with a gas find at the Purple…
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Ezra Holdings served second statutory demand as wind up actions loom
US shipbuilder VT Halter Marine, part of Singapore’s ST Engineering, has pressed ahead with its action against Ezra Holdings, now…
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Icon Offshore secures accommodation workboat contract
Malaysian operator Icon Offshore has secured a long-term charter contract for an accommodation workboat from Brunei’s SPHI Marine. The contract…
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Regulator wants Petrobras to re-do financial statements
Brazil’s state oil company Petrobras has been asked by the country’s stock market regulator CVM to re-do three years of…
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BP boss warns oil price unlikely to rise for the next five years
In an interview with American TV channel CNBC the head of BP has warned he does not see oil prices…
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Record 450 OSVs still to deliver this year
The hard hit OSV sector must brace for a record number of deliveries this year. According to research from online…
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Global Marine Systems acquires Maersk cable layer
Global Marine Systems has snapped up 2000-built subsea construction, installation and trenching vessel from Maersk Supply Service. The vessel, which…
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Ezion in discussions to take over Swissco JV rigs
Ezion Holdings is in discussions with the interim judicial managers of Swissco Holdings to try and snap up four bargain…
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McDermott International to build advanced offshore fabrication facility in Saudi Arabia
McDermott International has signed a strategic Memorandum of Understanding (MOU) to build technologically advanced offshore production facilities in Saudi Arabia.…
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Bourbon fixes deal with creditors
French OSV giant Bourbon has managed to reschedule the maturities of EUR910.8m ($962m) of its debts. Payments will now be…
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V.Ships Offshore adds another with Ultra Deep Solutions management deal
V.Ships Offshore, part of V.Group, has tied up a contract with Singapore’s Ultra Deep Solutions for the full technical and…
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Awilco Drilling settles billing dispute with Apache
Norwegian offshore firm Awilco Drilling says it has resolved a $22.8m dispute with Apache North Sea over standby revenue billing for…
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