Offshore
-
GR Engineering Services secures FPSO contract
GR Engineering Services has announced that its wholly owned oil and gas services business, Upstream Production Solutions, has entered into…
Read More » -
Petrobras wants to bring forward $1bn loan from Exim Bank of China
Petrobras is moving to seal a $1bn loan from a Chinese bank sooner than first planned, according to Bloomberg. The…
Read More » -
Entek Energy sells its offshore interests in the US Gulf of Mexico
Australian firm Entek Energy is pulling out of its offshore interests in the US Gulf of Mexico, selling them all…
Read More » -
Bibby Offshore wins North Sea contract
Bibby Offshore is to begin a new “multimillion-pound” contract in the North Sea later this year, in which it will perform…
Read More » -
Vard hit again as another customer goes bust
Norwegian shipbuilder Vard Holdings is assessing its options in regards to a diving support and construction vessel under construction at…
Read More » -
Icon Offshore awarded ExxonMobil vessel contracts
Icon Offshore has announced that it has been awarded contracts to provide two straight supply vessels for offshore production platforms…
Read More » -
Vallianz secures $63m Middle East charter contract
Vallianz Holdings has been awarded a time charter contract valued at up to $63m for the supply of two offshore…
Read More » -
Reach Subsea secures scientific research contract
Reach Subsea has announced that it has entered into a firm contract with NTNU for the MarMine Project to complete…
Read More » -
Boaty McBoatface will live on as an ROV, polar research vessel’s official name revealed
Despite a landslide online vote in favour of naming the ship Boaty McBoatface, the UK’s Natural Environment Research Council (NERC) says its…
Read More » -
Harkand’s North America and African business bought by management
AJ Jain, managing director of Harkand North America, has agreed to a management buyout of bankrupt Harkand’s businesses in North…
Read More » -
Bankrupt Harkand cancels Eidesvik charter
Harkand Gulf Contracting has terminated its charter of Eidesvik’s offshore construction vessel (OCV) Viking Poseidon (built 2009) with immediate effect.…
Read More » -
McDermott secures three contracts in the Arabian Gulf
McDermott International has announced that it has been awarded three separate projects by a major national oil company for integrated…
Read More » -
Petrobras and Ensco wheel and deal on rig contracts
UK-based offshore drilling contractor Ensco has revised terms with Petrobras over some of its rig contracts with Brazil’s scandal-plagued, financially…
Read More » -
Harkand goes into administration
Harkand has gone into administration, according to a recorded answering machine message at the company’s Aberdeen office. Its website has…
Read More » -
Wood Group to service Shell’s North Sea assets
Wood Group PSN has won more work in the North Sea, this time a contract extension to provide maintenance and construction services…
Read More » -
Another 300 staff face the chop at Wood Group
Oil services firm Wood Group will axe another 300 UK office-based staff from its North Sea operations. “We are streamlining…
Read More » -
Petrobras selling $1.4bn of assets in Argentina and Chile
Petrobras, Brazil’s deeply troubled state-run oil firm, has announced the sale of some of its vast assets in fellow South…
Read More » -
Baker Hughes plans to cut $500m in costs after cancellation of Halliburton merger
Even though Sunday’s cancelling of its planned merger saw it net $3.5bn in termination fees from Halliburton, Baker Hughes announced…
Read More » -
Hess joins Kosmos and Chevron in offshore Suriname development
Dallas-based Kosmos Energy announced on Tuesday it is giving up part of its interest in an offshore Suriname development to…
Read More » -
‘Markets are really, really difficult at the moment’: Maersk’s Andersen on a tricky Q1
Low oil prices and dire container freight rates saw net profit slide dramatically in the first quarter for Maersk Group.…
Read More »