Oil & Gas

MAY 10, 2017 — U.S. Customs and Border Protection has withdrawn a January 18 revocation notice that was widely welcomed by the U.S. domestic marine industry as promising to restore American jobs by withdrawing previous…
MAY 8, 2017 — The global OSV fleet's Discounted Cash Flow (DCF) value is currently $79.9 billion, or 2.5 times higher than its current market value of $30.9 billion, according to VesselsValue (VV). The online…
MAY 4, 2017 — Covington, LA, headquartered Hornbeck Offshore Services, Inc. (NYSE:HOS) yesterday reports results for the first quarter ended March 31, 2017. The company recorded a net loss for the first quarter of 2017…
MAY 3, 2017 — Conservation and Alaska Native groups today filed a lawsuit against President Trump in federal district court in Alaska. It challenges his decision to eliminate a permanent ban on new offshore oil and…
MAY 3, 2017 —Secretary of the Department of the Interior Ryan Zinke yesterday used the floor of the OTC event to sign two secretarial orders aimed at unleashing America's offshore energy potential and growing the…
MAY 2, 2017 — Harvey Gulf International Marine today announced the delivery of the first of two, large capacity Multi Purpose Support Vessels (MPSV) built by Eastern Shipbuilding, Panama City, FL. Harvey Gulf says that…
MAY 2, 2017 — DNV GL has launched a position paper showing how risk assessments can be made more dynamic, to provide improved and real-time decision support during operations. Static quantitative risk assessment (QRA) reports…
MAY 1, 2017 — Classification society ABS reports that it has been working with Korean shipbuilder Hanjin Heavy Industries and Construction Co., Ltd. (HHIC) as it completed a new Floating Storage and Regasification Unit (FSRU)…
MAY 1, 2017 — John Fredriksen's Seadrill Limited today reported that it has reached an agreement with Dubai based Shelf Drilling Ltd to sell the jack-ups West Resolute (Marathon LeTourneau Super 116-C), West Triton (Baker…
APRIL 30, 2017 — United Arab Emirates based Lamprell plc (LON:LAM) has delivered the Al Lulu, the final jack-up drilling rig in a series of nine for Abu Dhabi's National Drilling Company (NDC), within budget…
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