Oil & Gas
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…
IHC Offshore & Marine, part of IHC Merwede, has signed two contracts with Malaysian offshore operator SapuraCrest for the design, engineering and construction of two new 550 t pipelaying vessels. A third contract has been…
Houston-headquartered offshore drilling contractor Rowan Companies, Inc. (NYSE: RDC) today announced a plan that would see the company's legal domicile change from Delaware to the United Kingdom (U.K.). Rowan says that the offshore drilling industry…
Two companies controlled by John Fredriksen are splashing out with newbuilding orders at Korean shipbuilder Samsung Heavy Industries Co. Ltd. Golar LNG Limited has entered into firm contracts with Samsung for a further two LNG…
With rising U.S. gas prices and uncertainty in the Strait of Hormuz, operators of U.S.-flag tankers are worried that a drawdown of the U.S. Strategic Petroleum Reserve could be accompanied by a spate of Jones…
A ship built as a Swedish America Line transatlantic liner has become a luxury floating hotel. Now the Veronica Duqm, the ship is owned and operated by DSME (Daewoo Shipbuilding & Marine Engineering) Oman LLC;…
Seacor Marine LLC, a subsidiary of Seacor Holdings Inc. (NYSE: CKH), has reached an agreement with Superior Energy Services LLC. to purchase 18 liftboats for $134 million, plus working capital. The transaction is expected to…
ABB has won an order from Norwegian shipowner Myklebusthaug Management to supply the first ever direct current (DC) power grid on board a ship. The equipment will allow a new offshore platform support vessel, under…
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