Oil & Gas

MARCH 8, 2016 — Transocean Ltd. (NYSE: RIG) (SIX: RIGN) says it has reached a mutual agreement with Keppel Offshore & Marine Ltd's shipyard, Keppel FELS, to defer the delivery and related payments of five…
MARCH 4, 2016 — Norway's Farstad Shipping has sold another vessel — and booked another loss on the transaction. This time around, the vessel sold was the 1991-built, 73.6 m AHTS Far Sea. It was…
MARCH 3, 2016 —Tidewater Inc. (NYSE:TDW) has gotten the go ahead to enforce repayment of $37.2 million of the $65 million awarded it in compensation for the government seizure of its Venezuelan operations in 2009.…
MARCH 1, 2016 — Offshore drilling contractor Noble Corporation plc (NYSE: NE) reports that its newbuild jack-up rig, the Noble Lloyd Noble, sustained damage on February 28, 2016 following the collapse of a shipyard crane…
MARCH 1, 2016 — For the third time this year, Norway's Farstad Shipping ASA reports the sale of a platform supply vessel at a loss. This time around the vessel is the 2002-built Lady Grete…
FEBRUARY 29, 2016—As we reported on February 25, the 160,000 m3 Asia Vision left Sabine Pass in Texas loaded with U.S.-produced LNG destined for Petrobras in Brazil. Craig Jallal, Senior Data Editor, VesselsValue.com, the ship…
FEBRUARY 25, 2016—The Marshall Islands-flag 37,000-dwt asphalt carrier Asphalt Splendor is the latest addition to U.S.-based Sargeant Marine’s fleet. Built and delivered by Chinese shipyard Avic Dingheng, the Asphalt Splendor is one of a series…
FEBRUARY 25, 2016 — Waller Marine, Inc., (WMI), Houston, TX, has been contracted by Vires Energy Corporation of the Philippines to produce the Front End Engineering Design (FEED) of a nominal 400 MW Floating Power…
FEBRUARY 25, 2016—In an historic voyage for the export of U.S.-produced Liquefied Natural Gas (LNG), the Asia Vision left the Sabine Pass Terminal in Louisiana on February 24 loaded with 160,000 m3 of Liquefied Natural…
FEBRUARY 24, 2016 — Responding to a press report, Island Offshore Shipholding L.P., in an Oslo Stock Exchange announcement today confirmed "that agreement in principle on the terms of a proposed restructuring has been reached…
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