Offshore
-
DOF sells subsea vessel
DOF Subsea has agreed to sell its subsea support vessel to a new joint venture being formed by Akastor’s AKOFS…
Read More » -
Farstad closes its Melbourne office, halves Australian workforce
Farstad Shipping is to close its management office in Melbourne and run its Australian operations from its office in Perth.…
Read More » -
Akastor and Mitsui form subsea joint venture
Kristian Røkke–led Akastor is forming a 50:50 joint venture with Japanese trading house Mitsui & Co to pursue subsea opportunities…
Read More » -
Otto Marine takeover complete, to delist from SGX next week
RHB Securities Singapore has announced that it has, for and on behalf of Ocean International Capital, received valid acceptance for…
Read More » -
Deutsche Offshore Consult secures extension from Ocean Breeze Energy
Deutsche Offshore Consult (DOC) has secured a contract extension from Ocean Breeze Energy to manage vessels working at the Bard…
Read More » -
Diamond Offshore files injunction against Petrobras over early termination of rig contract
Houston-based Diamond Offshore Drilling has filed an injunction against Brazil’s state oil company Petrobras over the early termination of a…
Read More » -
Olympic Ship extends standstill agreement
Olympic Ship has extended its standstill agreement with its secured lenders by a further two weeks. The Oslo-listed operator of…
Read More » -
Swiber defaults on notes again as claims soar past $230m
Singapore offshore operator Swiber Holdings, which sought judicial management last month having earlier announced its liquidation, has said it is…
Read More » -
Maersk Supply Service lands 10-vessel project in the North Sea
Maersk Supply Service has won a subsea decommissioning contract from Maersk Oil UK in which 10 of its vessels will…
Read More » -
Aker Solutions wins contract to increase gas processing on Statoil platform
Statoil has exercised its contractual option for engineering, procurement, construction and installation (EPCI) of a gas module that will increase…
Read More » -
Are we entering peak bankruptcy season?
Are we entering peak bankruptcy time now for shipping? I’d argue that the coming six to 12 months will see…
Read More » -
Cobalt pays off Rowan to adjust drillship contract allowing for early termination
Houston-based Rowan Companies has taken a $96m cash payment from Cobalt International Energy in exchange for amendments to the contract for…
Read More » -
Noble Corporation finds work for stacked jackup, extends with Hess at huge discount
UK headquartered offshore driller Noble Corporation has announced a new contract for one of its jackup rigs as well as…
Read More » -
Kvaerner wins semi-submersible upgrade work
Norwegian offshore fabricator Kvaerner has had a framework agreement put into action with Statoil for the upgrading of the semi-submersible…
Read More » -
BOEM announces March oil and gas lease sale for US Gulf of Mexico
The Bureau of Ocean Energy Management (BOEM) has announced it will offer a big swathe of offshore oil and gas…
Read More » -
Deepwater Horizon restoration group to release progress report
Natural Resource Damage Assessment Trustees, the group overseeing the multibillion-dollar recovery effort from the Deepwater Horizon oil spill, will hold…
Read More » -
Christian Berg steps down as CEO of Viking Supply Ships
Christian W Berg is to step down as CEO of Viking Supply Ships (VSS) but will remain at the company…
Read More » -
SBI Offshore steps up investigation into ex-CEOs’ possible wrongdoing
Singapore’s SBI Offshore has filed a report with the Commercial Affairs Department of the Singapore Police Force in relation to…
Read More » -
Viking Supply saved after bondholders vote to restructure bonds
Completion of Viking Supply Ships’ restructuring is on the horizon after bondholders voted to amend their bond agreement and convert…
Read More » -
Maersk Oil cuts UK North Sea exposure
Maersk Oil continues its plan to divest itself of interests in the UK’s North Sea. British firm RockRose Energy has…
Read More »