Oil & Gas

OCTOBER 6, 2015—A new report from Mordor Intelligence projects that the offshore support vessel market will grow from $39.4 billion in 2014 to $69.34 billion by the end of 2020 at a Compound Annual Rate…
OCTOBER 6, 2015—In what is the largest settlement with a single entity in U.S. history, U.S. Attorney General Loretta E. Lynch announced that the Department of Justice had secured a settlement of more than $20…
SEPTEMBER 29, 2015—Publicly traded Freeport-McMoRan reported that it discovered oil from its Horn Mountain Deep well in the Deepwater Gulf of Mexico (GOM). Initial production from the well, which will be tied back to existing…
SEPTEMBER 28, 2015 —Hornbeck Offshore Operators LLC, Covington, LA, a unit of Hornbeck Offshore Services, Inc. (NYSE:HOS), is being awarded a $26,615,520 modification under a previously awarded firm-fixed-price contract (N62387-15-C-2507) to exercise a one-year option…
SEPTEMBER 28, 2015 — Bergen, Norway based DOF Subsea has been awarded several major contracts with a total value in excess NOK 3 billion ($351.2 million), including options, securing both short term and long term…
SEPTEMBER 28, 2015 — Vard Holdings Limited reports that it has won contracts worth a total of more than $100 million for the design and construction of two Offshore Subsea Construction Vessels for a new…
SEPTEMBER 28, 2015 — Shell said today that it cease further exploration activity in offshore Alaska for the foreseeable future.
SEPTEMBER 25, 2015 — After stories broke yesterday in which a former Petrobras executive linked it to the Petrobras corruption scandal, drilling contractor Transocean (NYSE: RIG) saw its share price drop by 4.76% to reach…
SEPTEMBER 25, 2015 — Capt. Adarash Kumar has been appointed as Chief Executive Officer of Singapore headquartered EMAS Offshore, effective today.
SEPTEMBER 24, 2015 — Tokyo headquartered Inpex Corporation reports that the world's largest semi-submersible has been launched from the offshore floating dock at the Samsung Heavy Industries shipyard in Geoje, South Korea.
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