Strong crude exports from North Sea, GOM

APRIL 19, 2017—While overall seaborne demand for Very Large Crude Carriers (VLCC) and Suezmax tankers was down 4.6% in the first quarter of this year as compared with the previous quarter, there

Pipelay vessel snags long term charter from Petrobras

APRIL 19, 2017 — DOF Subsea and TechnipFMC report that the Skandi Búzios, a pipelay support vessel (PLSV) owned by the joint venture formed between DOF Subsea (50%) TechnipFMC (50%), last week

Rotortug infield support vessel will operate in Timor Sea

APRIL 18, 2017 — Construction of a Robert Allan Ltd. (RAL) designed ART 100-46 class infield support vessel (ISV) is well underway at Damen Shipyards Sharjah, UAE for KT Maritime Services Australia

BV grants AIP to production-friendly FPSO hull design

APRIL 18, 2017 — Classification society Bureau Veritas (BV) has granted Mitsui Engineering & Shipbuilding Co., Ltd. (MES) Approval in Principle (AIP) for the noah-FPSO Hull and associated design and construction. BV

ABS issues Guidance Notes on jack-up rig foundations

APRIL 14, 2017 – ABS says that its just issued Guidance Notes on Geotechnical Performance of Spudcan Foundations result from multiple targeted jack-up research initiatives. The document is the industry’s first guidance

Edison Chouest in new 30 month agreement with BP

APRIL 10, 2017 — Edison Chouest Offshore (ECO) and its family of companies have announced a 30-month alliance agreement with BP. Chouest and BP have enjoyed a business alliance for over eight

$11 million Jones Act penalty is largest ever

APRIL 5, 2017 — Furie Operating Alaska LLC has agreed to pay $10 million to satisfy a civil penalty originally assessed against it by U.S. Customs and Border Protection (“CBP”) for violating

$11 million Jones Act penalty is largest ever

APRIL 5, 2017 — Furie Operating Alaska LLC has agreed to pay $10 million to satisfy a civil penalty originally assessed against it by U.S. Customs and Border Protection (“CBP”) for violating

Clashing views on CBP Jones Act ruling revisions

APRIL 4, 2017 — On January 18, the Customs and Border Protection Agency (CBP) announced proposed modifications and revocations to around 30 identified rulings, as well as additional unidentified rulings, related to

Seadrill warns of Chapter 11: Share price plummets

APRIL 4, 2017 — Shares in John Fredriken’s Seadrill Limited (NYSE:SDRL) plunged today as the drilling contractor warned that a restructuring plan it is working on “will likely involve schemes of arrangement

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