Harvey Gulf continues international push
Two Harvey Gulf International Marine PSV 3250’s arrived without incident in Nigeria on August 12, 2019 and immediately began one-year contracts (see earlier story). “We want to thank our local partner and
Oil & Gas
Uptick in interest in completing stalled OSV newbuilds
China’s Fujian Mawei Shipbuilding Ltd has placed orders with Norwegian liquid handling and pump specialist PG Flow Solutions to supply large liquid-cargo systems and associated equipment for two MPSVs the shipyard is
Hornbeck Offshore no longer in compliance with NYSE listing requirements
Covington, La., headquartered Hornbeck Offshore Services, Inc. (NYSE:HOS) reports that it has received written notice from the New York Stock Exchange that the company is not in compliance with the NYSE continued
GoM lease sale generates $160 million in high bids
Yesterday’s region-wide Gulf of Mexico Lease Sale 253 generated $159,386,761 in high bids for 151 tracts covering 835,006 acres in federal waters of the Gulf of Mexico. A total of 27 companies
USCG starts formal investigation of fatal Augur lifeboat incident
Rear Adm. John Nadeau, who recently took command of the Eighth Coast Guard District in New Orleans, convened a formal investigation last week into a fatal incident that occurred onboard Shell’s Augur
With over $1 billion in liabilities, Bourbon files for court protection
French offshore services giant Bourbon Corporation said today that it has filed to enter court supervised reorganization proceedings (redressement judiciaire) to the Commercial Court of Marseilles. This came after the court rejected
Bourbon requests suspension of listing
French based offshore services giant Bourbon says that its Board of Directors yesterday acknowledged that certain creditors of group affiliates had addressed credit payment request and/or contractual allowances to those affiliates. Bourbon
Gulf Coast assesses aftermath of Barry
Flood warning remained in effect in some areas this morning as the remnants of what is now Tropical Depression Barry left the Gulf Coast area, but left trailing rain bands that drenched
GoM platforms and rigs evacuated ahead of Tropical Storm Barry
With the National Hurricane Center yeserday forecasting that a tropical depression would form in the Gulf Coast region by July 11, the U.S. Coast Guard began adjusting port conditions and pre-staging response
DP World acquires Topaz Energy in $1.1 billion deal
Dubai headquartered global port operator DP World has acquired Topaz Energy and Marine Limited from Renaissance Services SAOG and Standard Chartered Private Equity/Affirma Capital in a deal valued at $1,079 million. Topaz,