Esvagt takes cost cutting measures
While Esbjerg, Denmark, headquartered Esvagt is a prominent player in the offshore wind service support area, a lot of its activity still centers on support for the offshore oil & gas industry.
Oil & Gas
Harvey Gulf wins contract extensions for two LNG fueled PSVs
Harvey Gulf International Marine reports that it has signed 18-month contract extensions for two of its LNG fueled PSVs. The extensions will keep both vessel under charter well into 2022. Harvey also
VIDEO: Massive offshore crane collapses during load tests
Video has surfaced on YouTube showing the collapse of a massive Liebherr offshore crane during load testing on the DEME offshore installation vessel Orion 1. Built in China, the vessel is designed
Diamond Offshore files for Chapter 11
Houston-headquartered offshore drilling contractor Diamond Offshore Drilling, Inc. (NYSE: DO) reports that it and select subsidiaries have filed voluntary petitions for reorganization under chapter 11 of the U.S. Bankruptcy Code in the
Hornbeck Offshore expects to complete Chapter 11 restructuring “very quickly”
Covington, La., based Hornbeck Offshore Services, Inc. (NYSE:HOS, OTCQB:HOSS) reports that it has now reached a restructuring support deal with secured lenders and unsecured noteholders on a balance sheet restructuring of the
ABS and Chouest carry out first-ever remote DP/FMEA
Utilizing Edison Chouest Offshore’s Remote Monitoring Center (RMC), ABS has performed the first ever remote Failure Mode Effect Analysis (DP/FMEA) as part of completing the special survey of the machinery of Chouest’s
Hornbeck Offshore to file for Chapter 11
Covington, La., based Hornbeck Offshore Services (OTCQB:HOSS) plans to file for Chapter 11 bankruptcy protection. In a Form 8K dated March 31, the company reported that it and certain of its subsidiaries
OTC 2020 cancelled
The 2020 OTC event in Houston, which had originally been planned for early May, has now been cancelled. The next presentation of the event has now been set for May 3-6, 2021..
Restructuring will see Solstad Offshore shed 37 vessels
Skudeneshavn, Norway, headquartered Solstad Offshore ASA reported yesterday that a majority of its creditors — including secured lenders, leasing companies, industrial shareholders and key bondholders — have established a common plan to
ABS to class new series of jack-ups
ABS is to provide classification for a series of highly innovative Self-Elevating Drilling Units (SEDU) for Silver Eagle Global of Manama, Bahrain.The vessel construction will be based on the Levingston/MiNO Enhanced 430WC-4