Offshore
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Deep Sea Supply layups continue, 54% of fleet out of action
John Frediksen’s offshore support vessel firm Deep Sea Supply now has 20 vessels laid up, more than half its fleet.…
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Shandong Offshore orders three decommissioning vessels at CIMC Raffles
Shandong Offshore subsidiary Shandong Twin Marine has signed shipbuilding contracts with CIMC Raffles for the construction of three semi-submersible vessels.…
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GC Rieber Shipping secures West Africa charter
GC Rieber Shipping has entered into a time charter agreement with Marine Platforms Limited in West Africa for subsea construction…
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Xodus secures FEED contract from Black Sea Oil & Gas
Offshore integrated services company Xodus has been awarded a contract by Black Sea Oil & Gas for the front end…
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Sirius Petroleum signs financing contract with COSL Drilling
Oil and gas exploration investment company Sirius Petroleum has announced that it has entered into a key vendor financed offshore…
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EMGS secures Malaysian contract extension
Electromagnetic Geoservices has confirmed that it has entered into a firm contract extension with an oil company in Malaysia. The…
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Legal spats proliferate for Swissco
Swissco Holdings, which entered interim judicial management earlier this week, has seen claims against it mount. Fellow Singapore offshore operator…
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Ultra Deep Solutions: The art of subsea
Shel Hutton: the man… the myth… the legend.” So gushes one contact of this dive veteran on LinkedIn, and indeed…
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Swiber Holdings under investigation
Swiber Holdings has announced that it has received a notice from Singapore’s Commercial Affairs Department that it is investigating an…
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US offshore leasing plan expected to omit Arctic waters
Numerous news outlets reported on Wednesday that US President Barack Obama’s upcoming five-year plan for offshore leasing will omit rights…
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Gulf Marine Service secures European offshore contract
UAE-based offshore vessel operator Gulf Marine Services (GMS) has completed a deal for the charter of one of its vessels…
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Havila Shipping get extensions from Total and Statoil
Norway’s Havila Shipping has announced contract extensions from both Total and Statoil. Total E&P UK has extended the contract for…
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Seadrill secures credit facility extension
Seadrill has reached an agreement with lenders under the West Eminence Facility, along with the requisite majority of lenders under…
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Rowan to stack drillship after Repsol terminates contract
Houston-based offshore drilling contractor Rowan on Tuesday said it has to warm stack one of its drillships after Spanish oil…
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Calls for executive action to ban oil drilling leases in Atlantic and Arctic before Trump sworn in
Environmentalists on Tuesday called for US President Barack Obama to use executive authority to invoke a provision of the Outer…
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Shell to invest $10bn in Brazilian oil sector
Shell, encouraged by Brazil’s decision to open offshore projects to more private companies, announced a five-year plan to invest $10bn…
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Swissco follows Swiber in seeking judicial management
Swissco Holdings has followed fellow Singaporean offshore firm Swiber Holdings into interim judicial management as creditors rejected its restructuring plan…
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Island Offshore halts amortisation payments
Island Offshore Shipholding has outlined today how it intends to go about restructuring its balance sheet. Citing the “general deterioration…
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Eidesvik gets work for laid up seismic pair
Norway’s Eidesvik has signed contracts with French seismic vessel operator CGG for the seismic vessels Vantage and Veritas Viking. The…
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Havila’s restructuring plan not popular
Troubled Havila Shipping has put pressure on unsecured bondholders and creditors holding out from approving its restructuring by warning in…
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