Oil & Gas

Yesterday morning Interior Secretary Ken Salazar told a House Natural Resources Committee hearing on the Department of the Interior's Fiscal Year 2012 Budget proposal what the Washington Examiner characterized as "a whopper." The video shows…
Polarcus Limited (OAX: PLCS) reports that Polarcus Samur Ltd, a member of the Polarcus Group, took delivery on March 2, 2011 of POLARCUS SAMUR, the fourth 3D seismic vessel to date to join the Polarcus…
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today announced what BOEMRE Director Michael R. Bromwichj called a "significant milestone." It approved the first deepwater drilling permit since the Deepwater Horizon explosion and…
Back in November 2010, Seahawk Drilling, Inc. (Nasdaq: HAWK) said it was seeking "strategic alternative." It said then that its liquidity and revenue generation had been hit by "the dramatic slow-down in the issuing of…
Sweden's Rederi AB Transatlantic  has received delivery of the ice strengthened AHTS Njord Viking from the Astilleros Zamakona S.A shipyard in Spain. The Njord Viking is the second newbuild in a series of four ships…
Norway's Volstad Maritime has ordered a Skipsteknisk ST-259 CD design offshore construction vessel at Bergen Group Fosen. The order is worth around NOK 725 million and includes an option for a second ship. Scheduled for…
December 15, 2010

STX OSV books PSV order

STX OSV Holdings Limited reports that it has secured a new contract for the design and construction of a platform supply vessel of PSV 09 design for an undisclosed international customer. The vessel is scheduled…
George Economou led DryShips Inc. (NASDAQ:DRYS) said today that its wholly-owned subsidiary Ocean Rig UDW Inc. plans to offer through a private placement approximately $500 million worth of shares of Ocean Rig common stock. The…
Norway's Havyard Group this week delivered a Havyard 832 L SE platform supply vessel was delivered in Bergen to Global Offshore Services B.V., a 100 percent owned subsidiary of Mumbai, India, headquartered Garware Offshore Services…
Singapore's Keppel FELS Limited has signed a contract to build two jack-up rigs worth US$360 million with Asia Offshore Drilling Limited, a 49 percent owned affiliate of Bangkok, Thailand, headquartered Mermaid Maritime Public Company Limited.…
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