Oil & Gas

OCTOBER 18, 2012 — McDermott International, Inc. (NYSE: MDR) reports that a subsidiary has been awarded contracts to refurbish and undertake rig repair work at the McDermott Altamira fabrication facility in Tamaulipas, Mexico. The two jack-up…
OCTOBER 10, 2012 — Kuala Lumpur, Malaysia, headquartered Nam Cheong Limited reports it has secured sales contracts worth a total of US $52.5 million for two of the platform supply vessels in the build-for-stock program…
OCTOBER 5, 2012—Brazil shipyard Wilson, Sons is the midst of constructing six Platform Supply Vessels under license based on Damen’s PSV 4500 design for Wilson Sons Ultratug Offshore (WSUT). Two PSVs have been recently delivered,…
OCTOBER 4, 2012 — Overseas Shipholding Group, Inc. (NYSE: OSG) reports that it has signed a new service agreement with Maersk Oil Qatar AS ("MOQ") for FSO Africa, a floating storage and offloading service vessel…
SEPTEMBER 28, 2012 — First the bad news, then the good from Transocean Ltd. (NYSE : RIG). Yesterday, the offshore drilling giant announced that the federal court in Rio de Janeiro had served it with…
SEPTEMBER 27, 2012 — Houston headquartered Atwood Oceanics, Inc. (NYSE: ATW) reports that a subsidiary has been awarded a drilling services contract for the Atwood Advantage by a subsidiary of Noble Energy Inc. (NYSE: NBL)…
SEPTEMBER 24, 2012 — John Fredriksen's Seadrill has entered into a turnkey contract to build a new ultra-deepwater drillship at Korea's Samsung Heavy Industries. The project value price is estimated to be around US$600 million…
SEPTEMBER 20, 2012 — Shell Oil faces a further potential delay in getting the oil spill containment system it must have before drilling into potentially oil-bearing zones in Alaska's Beaufort or Chukchi Seas. The Washington…
AUGUST 28, 2012 — Responding to market demands for offshore construction support vessels (CSVs) for deep and harsh environments, Norway's GC Rieber Shipping has placed a NOK 800 million order with Ulstein for a high-capacity…
AUGUST 27, 2012—Robert “Bob” Hill has made a name for himself thinking out of the box. Hill, shown at left, is the principal of Ocean Tug & Barge Corp., which has a made name for…
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