Offshore
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Norwegian offshore owners brace for more woe
Norwegian offshore owners expect access to capital to get even tighter in the coming months, according to a report just…
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Nam Cheong willing to take Perdana Petroleum to court over cancelled barge contract
Malaysian offshore firm Nam Cheong has said it will fight a notice of termination/cancellation from Petra Offshore, a wholly-owned subsidiary…
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Sevan Drilling fixes Brazilian rig contracts
Sevan Drilling has sorted out its problems with two rigs in Brazil. Petrobras had suspended the contract of the Sevan…
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Chevron terminates Maersk Drilling contract
Cabinda Gulf Oil, an affiliate company of Chevron in Angola, has sent an early cancellation notice to Maersk Drilling for…
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DONG Energy cancels EPC contract for Hejre project
DONG Energy has announced that it has decided to terminate the EPC contract for the Hejre project with immediate effect,…
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Chloe Marine sells drillship
Chloe Marine has sold its drillship to Chalfont Shipping for $210m, well below that of its $860 million price tag,…
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Perfect storm or islands of opportunity?
Robin Kirkpatrick, from Global Air and Energy, surveys the OSV scene. Sadly, the industry has succumbed to the classic supply/demand…
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Mexico to relax requirement for local suppliers’ participation in offshore projects
Mexican authorities, in a bid to lure more overseas players and better bids, are relaxing the requirement for homegrown suppliers’…
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Damen suggests PSV conversions to remedy lay-ups and oversupply
Idled platform support vessels (PSVs) could be converted into specialised vessels for sectors such as aquaculture, shipping and defence, says Damen…
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Aker Solutions to undertake subsea engineering work for BP worldwide
BP has awarded Aker Solutions with a contract to provide subsea engineering services to its offshore infrastructure worldwide for a…
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De Chateauvieux in gas carrier play to stymie Bourbon’s spiralling debts
Jacques de Chateauvieux, owner of one of the world’s most advanced and largest OSV fleets, has admitted the dire state…
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Premuda: How shipping got into such trouble
Genoa: There are three main factors for the present crisis in some shipping segments according to Premuda’s president, Alcide Ezio…
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China’s regulator gives thumbs up to merger of Schlumberger and Cameron
Multinational oil field services company Schlumberger and oilfield equipment maker Cameron International have received the all-clear for their merger from…
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Mermaid Maritime secures Qatar subsea cable installation job
Thai subsea specialist Mermaid Maritime’s Qatari business unit has been awarded a subsea cable installation from an existing customer, a…
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Two Bourbon Ofshore crew abducted off Nigeria freed
Bourbon Offshore has announced that the two crew members abducted from off Nigeria last month have been released. The company…
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More than 600 OSVs laid up
The latest offshore report from Clarksons Research shows that in the worst downturn since the mid-1980s, more than 600 OSVs…
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US rigs in operation slumps to new low
A further sign of the dire oil and gas situation comes from the US where the latest American count of…
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Protesters hinder Gulf of Mexico offshore lease sale, which proceeds with tepid results
Protesters opposed to offshore oil and gas drilling in the Gulf of Mexico made their feelings felt as the latest…
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CIMC Raffles to layoff employees
Offshore builder CIMC Raffles is looking to layoff employees amid the depressed market conditions in the offshore sector. A source…
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Bumi Armada names new CEO
Leon A. Harland will take office as the new CEO and executive director of Malaysia’s Bumi Armada as of May…
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