BOEM Gulf of Mexico oil and gas sale restrictions face legal challenge
While the Bureau of Ocean Energy Management may be all in on offshore wind, that’s not the case with oil and gas. On August 23, BOEM announced plans to hold Gulf of
Oil & Gas
Equinor secures Hercules semi for 2024 Canada drilling campaign
In another sign of strength in the offshore drilling market, John Fredriksen associated SFL Corporation Ltd. (NYSE: SFL) reported today that it has signed a drilling contract in Canada with a subsidiary
Tidewater’s Quintin Kneen sees “compelling long term market backdrop”
The world’s largest operator of offshore service vessels, Houston-headquartered Tidewater Inc.(NYSE:TDW), yesterday reported its results for the three and six months ended June 30, 2023. Highlights included: What all this will mean
Diamond Offshore adds to backlog
Houston-headquartered Diamond Offshore Drilling, Inc. (NYSE: DO) has reported second quarter 2023 results that saw $229 million added to its backlog. Total revenues were $281.5 million compared with $232 million in the
DOF books major West Africa SURF contract
Norway’s DOF Group ASA reports that it has been awarded a significant SURF (subsea umbilicals, risers and flowlines) contract worth in the region of $80-100 million, The contract is with a Tier
Valaris reactivates another floater
Offshore drilling contractor Valaris Limited (NYSE: VAL) today reported that it is reactivating its Valaris DS-7 drillship to service a newly-awarded 12-well contract offshore West Africa The contract is expected to commence
Offshore Energy Security Act aims to get offshore oil and gas lease sales moving
While the Biden administration has been all systems go on offshore wind leasing that’s not been the case with offshore oil and gas lease auctions. Two U.S. senators want to change that.
Offshore drilling: More cold-stack floaters set for reactivation?
With demand for offshore drilling rigs pushing up, will more drilling contractors start reactivating cold-stacked floaters? London-based Maritime Strategies International (MSI) says that, while the market for floaters has long since crossed
Hornbeck Offshore Services taps Eastern for OSV to SOV conversion
Panama City, Fla., headquartered Eastern Shipbuilding Group has been contracted by Hornbeck Offshore Services, Inc. to convert a 280-foot offshore supply vessel (OSV) to a service operation vessel (SOV). The 280-foot vessel
Dick H. Fagerstal appointed chairman of Tidewater board
Houston-headquartered offshore services giant Tidewater Inc. (NYSE: TDW) reports that Dick H. Fagerstal has been appointed non-executive chairman of its board, which has been reduced from nine to eight members. “I am