Offshore
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Almost 12,000 Petrobras staff take voluntary layoffs
Brazil’s state oil firm Petrobras saw a late rush of take-ups on its offer of voluntary layoffs to staff, with…
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Evacuated staff back at offshore Gulf of Mexico rigs after Hermine’s passing
By Monday all Gulf of Mexico offshore workers who had evacuated their rigs and platforms because of what became Hurricane…
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Baker Hughes cuts staff’s pay to stave off more job cuts
Baker Hughes, the oilfield services company that was forced to cancel a $25bn merger with Halliburton earlier this year, has…
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Lenders approve Prosafe’s refinancing
The lenders of Prosafe’s $1.3bn and $288m bank facilities have approved the struggling company’s refinancing plan, which will now go…
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Case made to protect Swiber
The prospects for saving Swiber Holdings hinges on the support from stakeholders and its ability to complete some US$1.67bn worth…
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Swiber claims climb to $227m as CEO Darren Yeo resigns
Singapore offshore operator Swiber, which sought judicial management late July having earlier announced its liquidation, has revealed that claims against…
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Woodside takes 50% stake in BHP’s Scarborough gas field assets
Australia’s Woodside Energy has entered into binding agreements to acquire half of BHP Billiton’s Scarborough area assets in the Carnarvon…
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Transocean Winner is on its way to Turkey again soon
The semi-submersible drilling rig that ran aground off the coast of Scotland is likely to recommence being towed to Turkey…
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SBM Offshore rocked by Brazil judgment U-turn
SBM Offshore has been rocked with news the Fifth Chamber of the Brazilian Federal Prosecutor Service has not approved the…
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Shell Brasil extends contract for MODEC FPSO
Shell Brasil Petróleo has extended its contract with Japan’s MODEC for the operations & maintenance of . The contract has…
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SapuraKencana wins brace of contracts worth $65m
Malaysia’s SapuraKencana Petroleum, via wholly-owned subsidiary SapuraKencana TL Offshore, has been awarded a number of engineering and construction contracts valued…
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Wood Group awarded frame agreement by Wintershall
Wood Group has been awarded a new four-year frame agreement for them to tender for the provision of modification and…
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More workers evacuated and 15% of production shut in ahead of Tropical Storm Hermine
Offshore oil producers by Thursday had shut in 15% of production from rigs in the Gulf of Mexico in anticipation…
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Petrobras terminates drilling contract with Diamond Offshore
Brazil’s Petrobras has terminated its contract for Diamond Offshore’s semi-submersible drilling rig two years early and the owner says legal…
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Otto Marine secures chartering contract and shipbuilding contracts
Singapore’s Otto Marine has announced that its wholly-owned subsidiary Go Offshore International has secured a chartering contract worth up to…
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Fire hits Ultrapetrol PSV in Macae, Brazil
A platform supply vessel (PSV) suffered a fire on Wednesday morning while in the anchorage of Macae in Rio de…
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Judicial management in Singapore: Florence Nightingale to a vulnerable company?
Lauren Tang from law firm Stephenson Harwood (Singapore) Alliance on what lies ahead for bust Swiber Holdings. The 60% slump…
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SeaBird Exploration acquires seismic vessel
Norway’s SeaBird Exploration has entered into a contract for the acquisition of research vessel and its seismic equipment. The vessel…
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OPS establishes offshore service jv
Dutch firm Offshore Project Support (OPS) has formed a joint venture with Den Helder Support Service (DHSS), Den Helder Aircraft…
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Brazil to release Subsalt Polygon burden from Petrobras
Brazilian authorities expect a law obliging state oil firm Petrobras to operate and invest in all the country’s new Subsalt…
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