Offshore
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Shell well offshore Nova Scotia comes up empty
Royal Dutch Shell’s Canada subsidiary has come up empty in its first exploration well at a field offshore Nova Scotia.…
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Ezra shareholders approve FPSO sale
Shareholders in Singapore’s Ezra Holdings have voted overwhelmingly in support of selling the majority of the company’s interest in PV…
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A.P. Møller-Mærsk splits in two
As expected Europe’s largest maritime conglomerate will split in two. A.P. Møller-Mærsk will divide its energy and transport divisions in…
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Marco Polo Marine’s future in doubt
Singapore-listed Marco Polo Marine has said in an announcement that there may be a substantial doubt about the group’s ability…
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Topaz orders two additional module carriers at Vard
Norwegian offshore shipbuilder Vard Holdings has secured a contract for the design and construction of two module carrier vessels for…
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Petrobras announces additional 25% capital expenditure cut
Brazil’s troubled state oil firm Petrobras will further slash its capital expenditure as it struggles to reduce its huge debt,…
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Shell charters three of Viking Supply’s anchor handlers
Shell Trading & Shipping has chartered three anchor handling tug support (AHTS) vessels for a combined £840,000 from Viking Supply…
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Lula will face trial in Petrobras-linked graft case
A Brazilian federal judge on Tuesday confirmed that the country’s charismatic former president Luiz Inacio Lula da Silva will face…
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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…
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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.…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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