Offshore
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Mexico sets bar low for offshore block auction
Mexico’s Energy Minister has said that the country will consider its much-hyped deep-water oilfield rights auctions a success if just…
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Shell buys Centrica stake in Trinidad & Tobago field
British gas and electricity supplier Centrica announced on Wednesday it has reached a deal to sell its gas fields offshore…
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Korean shipyard restructuring: what does it mean for offshore rig construction?
With lingering oversupply in the shipping and offshore markets, the “big 3” Korean shipyards are still struggling to survive. David…
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DeepOcean wins Hornsea cable installation contract
Norwegian subsea firm DeepOcean has been awarded cable installation and trenching work by DONG Energy for its Hornsea Project One…
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Petrobras to pay down debt with sale funds
Brazil’s troubled state oil firm Petrobras announced it was able to pay off $1.25b it owed to the National Bank…
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Boa Offshore initiates financial restructuring
Norway’s Boa Offshore says that its current dire financial situation has lead it to commence work on a restructuring proposal…
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SBM Offshore linked with elderly Gener8 VLCC
The 318,000 dwt – built in 2003 and now a floating storage candidate is on subjects for $31 m, according…
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Creditors liquidate Swiber subsidiary
Swiber Holdings, under judicial management in Singapore since July, has revealed details of its creditors’ voluntary liquidation of Swiber Offshore…
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Mexico reveals firms pre-qualified for December auctions for JV drilling rights
Mexico’s oil industry regulator CNH (Comisio Nacional de Hidrocarburos) on Monday revealed the companies and consortiums that are pre-qualified to…
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Maersk Oil and DONG Energy hold merger discussions
Danish firms Maersk Oil and DONG Energy are in discussions to merge their oil and gas operations to create a…
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Havila Shipping avoids bankruptcy after bondholders approve restructuring
Norwegian offshore firm Havila Shipping has said that bondholders have agree to a restructuring, avoiding a potential bankruptcy which looked…
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Maersk Supply Service scores second North Sea decommissioning contract
Following a successful time during the Janice decommissioning project, Maersk Supply Service has secured a second contract with Maersk Oil…
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Rem Offshore sells off PSV
Rem Offshore has sold platform supply vessel to an unnamed “international customer” within the fishing industry. Rem says delivery of…
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Viking Supply Ships in share sale
Sweden’s Viking Supply Ships, which is undergoing extensive restructuring, is pushing ahead with a SEK348m ($37.7m) share sale. The subscription…
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Enhancing capabilities and keeping spirits up despite choppy waters
Few in the industry would argue that the maritime and offshore industry is experiencing one of its most challenging periods…
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Singapore government intervenes to save struggling offshore sector
The Singapore government has stepped in to protect the nation’s hard hit offshore marine sector. The measures include boosting International…
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A Thanksgiving for shipping
The shipping industry, whether for dry bulk, tankers, containerships or offshore, has ridden a monumental wave in 2016, a wave…
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Havila will go bankrupt on Monday unless restructuring approved
Troubled Norwegian offshore firm Havila Shipping has told bondholders that unless they agree to its restructuring by Monday it will…
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Siem takes over Farstad Shipping
Kristian Siem will take over Farstad Shipping in the latest wave of consolidation sweeping the Norwegian OSV scene. Under the…
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Providence takes Stena drillship for work off Ireland
Irish oil and gas firm Providence Resources has signed a contract for the Stena drillship for work at the Frontier…
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