Offshore
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Swissco staring down the barrel, unable to make coupon payment
Singapore offshore firm Swissco Holdings told investors that it is unable to make coupon payments due next week on its…
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Perisai Petroleum Teknologi vulnerable after default notice served
Kuala Lumpur-listed offshore firm Perisai Petroleum Teknologi has received a notice from the trustee of its S$125m ($91.9m) notes warning…
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BP to honour Diamond Offshore rig contract despite abandoning Australian project
US offshore driller Diamond Offshore Drilling has received notification from BP that it will not terminate a contract for Diamond…
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Changing of the guard for Sevan Marine
Norwegian offshore firm Sevan Marine has made changes to management with CFO Reese McNeel replacing Carl Lieungh as the company’s CEO.…
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Strong interest after Brazil lifts Petrobras pre-salt obligations
Petrobras is already seeing positive reaction to last week’s decision by the country’s Congress to relieve the state oil giant…
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Shareholders approve merger of Rem and Solstad
Shareholders have approved the merger of Rem Offshore with Solstad Offshore at an extraordinary meeting held in Oslo today. REM…
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Sea Trucks secures accomodation vessel contract in Nigeria
Sea Trucks Group has announced that its Nigerian subsidiary West African Ventures has been awarded a contract, by an international…
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Brazil’s Congress votes to release Petrobras from pre-salt responsibilities
Petrobras can finally be relieved of its obligations in the prized pre-salt offshore oilfields after Brazil’s Congress passed a vote…
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Swiber Holdings to default again on notes
Singapore offshore operator Swiber Holdings has said it is unable to redeem and pay the upcoming coupon payment for its…
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Prosecutors confirm rejection of SBM Offshore leniency deal in Petrobras scandal
Brazilian prosecutors on Thursday confirmed their decision of last month to reject a settlement that would have allowed Dutch multinational…
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Atlantic Offshore converting MRV for emergency response
Norway’s Atlantic Offshore is sending multi-role vessel off for conversion works to become a full oil recovery and oil spill vessel.…
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Weather stalls efforts to load Transocean Winner on to heavy-lift ship
Time is running out for salvors attempting to load the stranded drilling rig Transocean Winner on to a heavy-lift ship, which…
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Caelus Energy makes big oil discovery offshore Alaska
Caelus Energy Alaska, an independent exploration and production company, has announced a “significant” oil find off Alaska. A subsidiary of…
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Swiber Holdings gets court approval for judicial management
Singapore offshore operator Swiber Holdings, which sought judicial management in July having earlier announced its liquidation, has been given the green…
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AusGroup wins support for debt restructuring
Australian oil & gas construction, maintenance and fabrication firm has been given a boost by investors in Singapore after it…
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Fugro and CGG joint venture secures survey extension from ADNOC
Seabed Geosolutions, a joint venture between Fugro and CGG, has secured an extension from Abu Dhabi National Oil Company (ADNOC)…
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DOF Subsea scores decommissioning contract from Ithaca Energy
Norway’s DOF Subsea has won a contract from Ithaca Energy for the first phase of the decommissioning of the Athena…
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Petrobras tries again with bidding process for Libra field FPSO
Petrobras, Brazil’s troubled state oil firm, has re-started the bid process for construction of an FPSO for offshore operations at the…
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New CEO for Maersk Supply Service
Maersk Supply Service’s chief procurement officer Steen S. Karstensen is to replace Jørn Madsen as CEO of the company from…
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John Fredriksen stands $1.2bn firm behind Seadrill
John Fredriksen is said to be willing to lend offshore drilling contractor Seadrill up to $1.2bn as part of a…
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