Valaris announces multiple offshore contracts
Offshore drilling contractor Valaris Limited (NYSE: VAL) has kicked off the New Year by announcing a flurry of contracts. Today it reported that it has been awarded the following new contracts: One-well
Oil & Gas
K-Line Offshore AHTS duo finds a buyer
When Tokyo-headquartered K-Line decided to dissolve its Norwegian-based subsidiary K-Line Offshore and sell its vessels, Fosnavåg, Norway-headquartered REM Offshore AS was swift to swoop on its four 2010/2011 built PSVs. So, what
Damen delivers new Shoalbuster 3815 SD
Kazakhstan-based Caspian Offshore Construction LLP recently took delivery of a new Damen Shoalbuster 3815 SD. Named the Caspian Amwaj, the vessel was built for stock at Albwardy Damen, a joint venture between
Solstad Offshore books Petrobras contract
Petrobras has awarded, Skudeneshavn, Norway, headquartered Solstad Offshore ASA a new contract for the 2007 built AHTS BOS Turquesa The contract will start in the first quarter of 2022 and is for
Offshore operator agrees settlement in GoM oil spill case
The U.S. Department of Justice reports that Taylor Energy Company LLC. a Louisiana oil and gas company, has agreed to liquidate and turn over all its remaining assets to the United States
REM to buy K-Line Offshore’s PSVs
Tokyo-headquartered K-Line reported Friday that it had decided to dissolve its Norwegian-based subsidiary K-Line Offshore, sell its vessels and take a total extraordinary loss of approximately JPY 17 billion (almost $150 million).
North Star embarks on offshore fleet decarbonization plans
North Star, the U.K.’s largest ship operator servicing the oil and gas industry, has kick started its ambitious fleet decarbonization plans with an in-depth sustainability study across its 44 offshore infrastructure support vessels. The
NTSB reports on $72.9 million oil platform strike by tanker
A tanker operating company’s decision to change masters without a handover period led to a $72.9 million marine accident, according to a National Transportation Safety Board (NTSB) Marine Accident Brief. Marine Accident
GoM oil and gas lease sale generates $191.6 million in high bids
The Biden administration today complied with a court order and held a Gulf of Mexico oil and gas lease sale it had tried to cancel. According to the Bureau of Ocean Energy
Jackson Offshore Operators adds another PSV to fleet
Jackson Offshore Operators LLC is growing its platform supply vessel (PSV) fleet with the acquisition of the M/V Storm. Once it has completed regulatory requirements, the vessel will commence a five-year contract