Oil & Gas
Island Offshore, in which the Chouest and Ulstein families are partners, has ordered an advanced subsea support vessel from STX OSV. To be built to the Rolls-Royce UT 737 CD design, it will have an…
ABS is to class a first-of-its-kind Arctic Containment System (ACS), slated for deployment in June 2012 to serve all exploration activities in the Chukchi and Beaufort seas offshore Alaska. The non self-propelled ice-strengthened barge will…
Houston headquartered Helix Energy Solutions has placed a $385.5 million order with Singapore's Jurong Shipyard, a Sembcorp Marine subsidiary. It covers construction of a newbuild semisubmersible well intervention vessel.Owen Kratz, Helix's Chairman and CEO, says…
Offshore services giant Tidewater Inc. (NYSE: TDW) reports "unexpected developments" in its negotiations with Angolan national oil company Sonangol on Sonatide, the joint venture with Sonangol in which Tidewater has a 49 percent stake and…
Singapore's Ezra Holdings has raised nearly US$100 million in a private placement aimed at boosting its balance sheet in anticipation of increased demand for its subsea and offshore support services. Now, it says, it is…
"The market upturn in 2011 has resulted in early signs of an improvement in Bourbon's performance and results," said Christian Lefèvre, Chief Executive Officer of Bourbon announced, reporting the Paris-headquartered offshore giant's Annual Results for…
Cal Dive International, Inc. (NYSE:DVR) reports that it has been awarded a contract by Pemex Exploración y Producción for the installation of a 20 inch subsea pipeline located in the Abkatun Pol Chuc Field in…
Oil and gas production from the first FPSO in the U.S. Gulf of Mexico started at the deepwater Cascade field, according to Brazilian oil major Petrobras. Petrobras is the first company to develop an oilfield…
Norway's Statoil is preparing an invitation to tender for a new type of jack-up drilling rig for mature fields on the Norwegian continental shelf (NCS). Statoil will issue a proposal for license groups to take…
John Fredriksen has cashed in $1 billion of his stake in offshore driller Seadrill. Mr. Fredriksen's Hemen Holdings said the sale will allow the Fredriksen Group to have a slightly more diversified investment portfolio, and…
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