Oil & Gas

FEBRUARY 10, 2014 — Brazilian national oil company Petrobras reports that its Executive Board has approved the contracting of eight support vessels for its offshore activities. They are part of the third Fleet Renewal Plan…
FEBRUARY 7, 2013 — Vard reports that it has secured a contract from Paris headquartered offshore services giant Bourbon for the design and construction of an arctic anchor handling tug supply vessel (AHTS). Designed by…
FEBRUARY 7, 2013 — Singapore headquartered Otto Marine has secured a charter contract worth $40 million for the Go Pegasus, a 24,000 bhp AHTS recently completed at its Batam, Indonesia, shipyard. Go Pegasus will soon…
FEBRUARY 7, 2013 — Raisio, Finland, headquartered naval architecture and engineering firm Deltamarin has signed a contract with Malaysia's Bumi Armada, for the basic design of a floating production, storage and offloading (FPSO) unit for…
FEBRUARY 7, 2013 — New Shell CEO Ben van Beurden has told investors that Shell has decided to keep its exploration program for Alaska on hold 2014. He cited a recent Ninth Circuit Court decision…
FEBRUARY 6, 2013 — Singapore's Keppel FELS shipyard  has secured a $218 million contract from UMW Drilling 8 (L) Ltd, a wholly-owned subsidiary of UMW Oil & Gas Corporation Sdn. Bhd. (UMW Oil & Gas),…
FEBRUARY 5, 2014 — The most recent Annual Report from offshore services giant Tidewater Inc. (NYSE:TDW) was full of all sorts of imagery of runners, with the one sporting the company's logo "setting the pace."…
FEBRUARY 4, 2014 —  Offshore drilling contractor Ensco plc (ESV) has sold its two remaining cold-stacked jack-up rigs for $33 million. The net book value of the two rigs, ENSCO 69 and Wisconsin, both built…
FEBRUARY 3, 2014—Edison Chouest Offshore (ECO), Galliano, LA, has acquired "effectively all of the assets" of the fleet of Bee Mar, LLC, Broussard, LA, according to a senior executive at Bollinger Shipyards. The purchase price…
FEBRUARY 3, 2014 — The four 76-meter (252 ft) platform supply vessels building forJackson Offshore Operators at BAE Systems Jacksonville, FL, shipyard are the first in a new GPA 675J PSV series designed by Guido…
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