Oil & Gas

MAY 2, 2016 —The Department of Justice announced May 1 that Halliburton and Baker Hughes have abandoned their planned merger, originally valued at $34 billion. The department filed suit on April 6, 2016, to block…
MAY 2, 2015 — ABS, the leading provider of classification services to the offshore industry, has published a guide to help offshore drilling unit owners carry out rig lay-ups. The new ABS Guide for Lay-Up…
APRIL 26, 2015 — First the good news, now the not so. Yesterday, John Fredriksen controlled Deep Sea Supply (DESS) reported that four of its platform supply vessels had found work. Today, however, the company's…
APRIL 25, 2016 — John Fredriksen controlled Deep Sea Supply has been awarded a clutch of platform supply vessel contracts. They include a contract for two years firm, plus three yearly options, with Statoil (U.K.)…
APRIL 25, 2016 — Current offshore structural designs can successfully survive sea ice demands under extreme Arctic conditions, according to a research study carried out by the Bureau of Safety and Environmental Enforcement (BSEE) and…
APRIL 21, 2016—Delivered last year by Gulf Craft, one of SEACOR Marine's newest Fast Supply Vessels, 13,500 hp Alya McCall, relies on five high-performance Twin Disc MGX-61500SC QuickShift transmissions to provide the crucial links between…
APRIL 20, 2016 – Transocean Ltd. (NYSE: RIG) reports that it has reached an agreement with Sembcorp Marine's subsidiary, Jurong Shipyard Ptd Ltd, to defer the delivery and related final payments of two dynamically positioned…
APRIL 20, 2016 – Milaha (Qatar Navigation) has taken delivery of a new lift boat that will be deployed offshore, particularly in support of field maintenance efforts. Named Milaha Explorer, the newbuild will be the…
APRIL 20, 2016 – Bergen, Norway, based DOF Subsea, a subsidiary of DOF ASA, reports that it has been awarded several IMR and subsea installation contracts the past months, with a total contract value in…
APRIL 19, 2016 — The downturn in the oil and gas industry continues to affect Walvis Bay ship repair company Elgin Brown & Hamer (EBH) Namibia. The company operates three privately-owned floating dry docks including…
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