Production starts from first FPSO in U.S. Gulf
Oil and gas production from the first FPSO in the U.S. Gulf of Mexico started at the deepwater Cascade field, according to Brazilian oil major Petrobras. Petrobras is the first company to
Oil & Gas
Statoil to invite tenders for a new type of jack-up rig
Norway’s Statoil is preparing an invitation to tender for a new type of jack-up drilling rig for mature fields on the Norwegian continental shelf (NCS). Statoil will issue a proposal for license
Fredriksen set to go shopping with $1 billion from Seadrill shares sale
John Fredriksen has cashed in $1 billion of his stake in offshore driller Seadrill. Mr. Fredriksen’s Hemen Holdings said the sale will allow the Fredriksen Group to have a slightly more diversified
IHC Merwede books orders worth €450million for three pipelaying vessels
IHC Offshore & Marine, part of IHC Merwede, has signed two contracts with Malaysian offshore operator SapuraCrest for the design, engineering and construction of two new 550 t pipelaying vessels. A third
Rowan plans to move legal domicile from Delaware to U.K.
Houston-headquartered offshore drilling contractor Rowan Companies, Inc. (NYSE: RDC) today announced a plan that would see the company’s legal domicile change from Delaware to the United Kingdom (U.K.). Rowan says that the
Freddie splashes out at Samsung
Two companies controlled by John Fredriksen are splashing out with newbuilding orders at Korean shipbuilder Samsung Heavy Industries Co. Ltd. Golar LNG Limited has entered into firm contracts with Samsung for a
With pain at the pump, AMP moves to head off Jones Act waivers
With rising U.S. gas prices and uncertainty in the Strait of Hormuz, operators of U.S.-flag tankers are worried that a drawdown of the U.S. Strategic Petroleum Reserve could be accompanied by a
DSME operates floating hotel in Oman
A ship built as a Swedish America Line transatlantic liner has become a luxury floating hotel. Now the Veronica Duqm, the ship is owned and operated by DSME (Daewoo Shipbuilding & Marine
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Seacor swoops on Superior Energy liftboat fleet
Seacor Marine LLC, a subsidiary of Seacor Holdings Inc. (NYSE: CKH), has reached an agreement with Superior Energy Services LLC. to purchase 18 liftboats for $134 million, plus working capital. The transaction