Oil & Gas

APRIL 14, 2017 – ABS says that its just issued Guidance Notes on Geotechnical Performance of Spudcan Foundations result from multiple targeted jack-up research initiatives. The document is the industry's first guidance to present a…
APRIL 10, 2017 — Edison Chouest Offshore (ECO) and its family of companies have announced a 30-month alliance agreement with BP. Chouest and BP have enjoyed a business alliance for over eight years, and the…
APRIL 5, 2017 — Furie Operating Alaska LLC has agreed to pay $10 million to satisfy a civil penalty originally assessed against it by U.S. Customs and Border Protection (“CBP”) for violating the Jones Act,…
APRIL 4, 2017 — On January 18, the Customs and Border Protection Agency (CBP) announced proposed modifications and revocations to around 30 identified rulings, as well as additional unidentified rulings, related to the use of…
APRIL 4, 2017 — Shares in John Fredriken's Seadrill Limited (NYSE:SDRL) plunged today as the drilling contractor warned that a restructuring plan it is working on "will likely involve schemes of arrangement or Chapter 11…
With OSV stacking continuing, ABB's marine and ports business is partnering with Norway's Presserv AS to offer maintenance packages for vessels that serve the oil and gas industry and that are laid-up for prolonged periods…
MARCH 28, 2017 — The USCG Headquarters Office of Investigations and Casualty Analysis has issued a "lessons learned" circular on the hazards of chemical spills. Earlier this year several Coast Guard marine inspectors were performing…
MARCH 28, 2017 — Offshore service vessel provider Tidewater Inc. (NYSE: TDW) announced today that the latest waiver of covenant default from its lenders and noteholders expired in accordance with its terms on March 27,…
MARCH 28, 2017 — Deepwater drilling company Ocean Rig UDW Inc. (NASDAQ:ORIG) and various subsidiaries have entered into a restructuring support agreement with creditors and have presented winding up petitions in the Cayman Islands. The…
MARCH 24, 2017 — The major players have now signed off on the statutory next step in the plans that will see Solstad Offshore ASA, Farstad Shipping ASA and Deep Sea Supply Plc merged into…
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