Oil & Gas

MARCH 9, 2016 — Norwegian shipbuilder Havyard reports the cancelation of an order for an advanced subsea vessel placed by an undisclosed "international shipping company" in June last year (see earlier story). Back in October…
MARCH 8, 2016 — Transocean Ltd. (NYSE: RIG) (SIX: RIGN) says it has reached a mutual agreement with Keppel Offshore & Marine Ltd's shipyard, Keppel FELS, to defer the delivery and related payments of five…
MARCH 4, 2016 — Norway's Farstad Shipping has sold another vessel — and booked another loss on the transaction. This time around, the vessel sold was the 1991-built, 73.6 m AHTS Far Sea. It was…
MARCH 3, 2016 —Tidewater Inc. (NYSE:TDW) has gotten the go ahead to enforce repayment of $37.2 million of the $65 million awarded it in compensation for the government seizure of its Venezuelan operations in 2009.…
MARCH 1, 2016 — Offshore drilling contractor Noble Corporation plc (NYSE: NE) reports that its newbuild jack-up rig, the Noble Lloyd Noble, sustained damage on February 28, 2016 following the collapse of a shipyard crane…
MARCH 1, 2016 — For the third time this year, Norway's Farstad Shipping ASA reports the sale of a platform supply vessel at a loss. This time around the vessel is the 2002-built Lady Grete…
FEBRUARY 29, 2016—As we reported on February 25, the 160,000 m3 Asia Vision left Sabine Pass in Texas loaded with U.S.-produced LNG destined for Petrobras in Brazil. Craig Jallal, Senior Data Editor, VesselsValue.com, the ship…
FEBRUARY 25, 2016—The Marshall Islands-flag 37,000-dwt asphalt carrier Asphalt Splendor is the latest addition to U.S.-based Sargeant Marine’s fleet. Built and delivered by Chinese shipyard Avic Dingheng, the Asphalt Splendor is one of a series…
FEBRUARY 25, 2016 — Waller Marine, Inc., (WMI), Houston, TX, has been contracted by Vires Energy Corporation of the Philippines to produce the Front End Engineering Design (FEED) of a nominal 400 MW Floating Power…
FEBRUARY 25, 2016—In an historic voyage for the export of U.S.-produced Liquefied Natural Gas (LNG), the Asia Vision left the Sabine Pass Terminal in Louisiana on February 24 loaded with 160,000 m3 of Liquefied Natural…
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