Offshore
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Otto Marine caught in two legal disputes
Singapore’s Otto Marine has announced that a creditor of the company has filed an application with Singapore High Court to…
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Statoil extends charter of Solstad AHTS vessel
Statoil has extended its charter of a Solstad Offshore anchor handling tug support (AHTS) vessel by a further year from…
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BW Offshore rights issue 34% oversubscribed
BW Offshore’s rights issue in Oslo was 34% oversubscribed with 11.5bn subscriptions for new common shares. The rights issue closed…
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CNOOC to list offshore services unit
China Securities Regulatory Commission (CSRC) has released an IPO prospectus for CNOOC Energy Technology & Services, an fully owned subsidiary…
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SBM Offshore agrees to settlement with Petrobras and Brazilian authorities over bribes scandal
Petrobras and Brazilian prosecutors on Friday signed an agreement with Dutch firm SBM Offshore whereby SBM will pay fines and…
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DOF secures $450m loan for restructuring
DOF ASA’s lending banks have approved a new NOK3.8bn ($450m) senior loan facility for DOF Rederi, as part of the…
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BP says final cost of Deepwater Horizon disaster is $61.6bn
BP announced on Thursday it believes the final pre-tax cost of its Deepwater Horizon spill will be $61.6bn or $44bn…
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Fugro awarded $26m contract by ONGC
Dutch survey specialist Fugro has won a geotechnical site investigation contract with ONGC India for the KG-DWN-98/2 project off the…
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HAL Offshore get additional work from ONGC
Following an award earlier in the month, India’s Seamec has announced that HAL Offshore has been given additional work by…
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DONG offloads Norweigian oil and gas assets to Faroe Petroleum
DONG Energy has divested its ownership share in five producing Norwegian oil and gas fields to Faroe Petroleum. DONG has…
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PDVSA financial report acknowledges US bribery allegations
Venezuela’s state oil firm Petroleos de Venezuela SA (PDVSA) has confirmed in an internal probe that there was fraud in…
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Ezion and PIL form offshore joint venture
Ezion Investments, part of Singapore’s Ezion Holdings, has formed an offshore services joint venture (JV) with Pacific International Offshore (PIO).…
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Mermaid Maritime awarded support contract
Thailand’s Mermaid Subsea Services has been awarded a contract to provide technical support service personnel to a national offshore oil…
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Jan De Nul secures transport contract from DONG
Belgian company Jan De Nul Group has signed a contract with Dong Energy for the transport and installation of 36…
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Firm involved in failed merger of Halliburton and Baker Hughes fined $11m
San Francisco-based investment company ValueAct Capital has been ordered by the US Department of Justice (DOJ) to pay $11m in…
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Siem Offshore sells PSV
Siem Offshore has sold its 1996-built platform support vessel (PSV) to an unnamed buyer at a “confidential” price. “The new…
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Apache extends Wood Group’s master service agreement in the North Sea
Apache Corp has extended Wood Group’s master service agreement (MSA) at its offshore oil and gas fields in the North…
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Prosafe moves ahead with share placement
The world’s top owner and operator of semi-submersible accommodation vessels, Prosafe has completed a private placement of new shares. The…
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Oceaneering secures Heerema contract
Offshore engineering service provider Oceaneering has entered into a master service agreement with Heerema Marine Contractors Nederland through December 2020.…
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Petrobras FPSO in Lula field starts production
Petrobras had some good news, announcing the start of new production operations from an FPSO in the offshore Lula field…
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