Oil & Gas

MARCH 16, 2015 — The Coast Guard reports that responders have extinguished a fire that broke out Tuesday on an oil production platform in Berry Lake Canal in Bayou Sorrel, Iberville Parish, LA. Coast Guard…
MARCH 16,2016 — Offshore services giant Tidewater Inc. (NYSE: TDW) reported yesterday that it has borrowed $600 million under its revolving credit facility, the maximum amount available under the facility. The funds are intended to…
MARCH 16, 2015 — The Obama Administration has decided not to open up areas in the Atlantic for offshore drilling. The administration's proposal for the Outer Continental Shelf (OCS) Oil and Gas Leasing Program for…
MARCH 16, 2015 — A. K. Suda, Ltd., Metairie, LA, has successfully completed the design of a 300 ft (91.5m) truss-legged liftboat. The vessel, the Teras Lyza is being delivered to its owners in first…
MARCH 14, 2014 — The Bureau of Safety and Environmental Enforcement (BSEE) said Friday that it was responding to a reported fatality on Platform A, Green Canyon Block 18 in the Gulf of Mexico, approximately…
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…
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