Offshore
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Irish vessel apprehended over military shipment bound for Yemen
An Irish research vessel, flagged with the Marshall Islands, has been apprehended by Arab Coalition forces. The , en route…
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Bhagwan Marine to send vessels to Russia with Foss
Australian offshore vessel operator Bhagwan Marine has announced that it has been awarded a multi-year, multi-vessel contract to provide marine…
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Ausgroup head leaves after just nine month in the role
SGX-listed Australian oil & gas construction, maintenance and fabrication firm AusGroup, has announced that Gerard Hutchinson has resigned from his…
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Paragon Offshore set to declare Chapter 11 bankruptcy
Heavily indebted rig operator Paragon Offshore will file for Chapter 11 bankruptcy this weekend. The Houston-based company announced it has…
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Havila Shipping adjusts restructuring offer
Oslo-listed Havila Shipping has revised the terms of its restructuring agreement made a new offer to repurchase its securities from…
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Premier and Rockhopper cancel Falklands contract with Ocean Rig
Two of the major British players in Falkland Islands offshore oil development, Premier Oil and Rockhopper Exploration, on Thursday cancelled…
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Polarcus vessel gets bareboat charter extension in Russia
SCF Sakhalin Supply has extended its bareboat charter of Polarcus’ seismic survey vessel Vyacheslav Tikhonov by a further three years.…
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Blackstone forms PE platform to take advantage of offshore crisis
Investment firm Blackstone has announced the formation of Clarion Offshore Partners, a platform to provide strategic solutions to the offshore…
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Aker Solutions dishes out pay cuts as further job losses loom
Aker Solutions has taken additional steps to cut costs and raise the competitiveness of its Norwegian maintenance, modifications and operations…
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Maersk Oil extends Noble Corporation jackup at huge discount
Noble Corporation has announced that it has been given a 26-month extension from Maersk Oil for jackup rig . The…
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Polarcus wins survey work off Norway
Dubai-based seismic operator Polarcus has been awarded a 4D project at a field offshore Norway. The survey, for an undisclosed client, will…
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Ultrapetrol bondholders agree to extend forbearance period
Ultrapetrol has won approval from bondholders to hold off enforcement action related to its 8.875% first preferred ship mortgage notes…
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Hercules Offshore to explore ‘strategic alternatives’
NASDAQ-listed drilling contractor Hercules Offshore, having emerged from Chapter 11 bankruptcy in November, has announced the formation of a special committee…
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KS Drilling rig hit with $15m in unpaid import tax and fines
Indonesia’s customs and excise authority says KS Drilling owes IDR 197bn ($14.75m) in unpaid import tax and fines related to…
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Offshore Group Investment Limited completes restructuring, changes name
Offshore Group Investment Limited (OGIL) has completed its prepackaged Chapter 11 restructuring in the US and will change its name…
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SBM Offshore plans further job cuts after shedding 3,200 staff in 2015
Dutch floating production specialist SBM Offshore has revealed a total of 3,200 positions were cut during 2015 and already more…
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Technip scores Statoil double
France’s Technip has won a pair of lump sum contract for infield pipeline construction for Statoil at the Johan Sverdrup development…
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Coalition formed to sue Petrobras on behalf of Europe-based investors over corruption scandal
Brazil’s troubled state oil firm Petrobras faces possible new legal challenges from a coalition of groups representing international investors based…
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Petrofac scores Zennor Petroleum North Sea contract
Oil and gas service provider Petrofac, via subsidiary SPD, has won a contract from Zennor Petroleum to provide well design…
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Pemex’s new CEO says job cuts are not inevitable
The newly installed CEO of Mexico’s state oil firm Pemex has said that while restructuring of the struggling entity is…
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