Statoil to change its name to Equinor
MARCH 15, 2018 — Statoil reports that its board is proposing to change the name of the company to Equinor. It says that the name change supports the company’s strategy and development
Oil & Gas
Awash in red ink, Bourbon says it’s an ongoing concern
MARCH 15, 2018 — Paris headquartered offshore services giant Bourbon has released annual results for 2017 that show total losses reaching a whopping EUR 625.1 million (about $772 million) compared with the
Bibby Offshore scores subsea sector hat trick
MARCH 14, 2018 — Aberdeen, Scotland, headquartered subsea services provider Bibby Offshore reports that it has booked three separate multimillion dollar contract wins with an oil and gas super major. The initial
Bordelon adds 65 t SMTS crane to PSV to create ULIV
MARCH 13, 2018 — With the installation of an SMST crane 60 t knuckle boom crane with active heave compensation on board the Connor Bordelon, Lockport, LA, headquartered Bordelon Marine has completed
ABS classes first hybrid OSV to operate in GoM
MARCH 12, 2018 — Classification society ABS says it has been selected by SEACOR Marine to class the first offshore support vessel (OSV) in the Gulf of Mexico (GoM) to operate using
Awilco Drilling inks contract for newbuild harsh environment semi
MARCH 11, 2018 — Aberdeen, Scotland, based Awilco Drilling has signed a contract with Singapore’s KeppelFELS shipyard covering the construction of a Moss Maritime design CS60 ECO MW semisubmersible drilling rig. The
Harvey Gulf files for Chapter 11 bankruptcy
MARCH 8, 2018 — Shane J. Guidry’s Harvey Gulf International Marine and 90 affiliated entities yesterday each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in
Cloud based solution helps SolstadFarstad save fuel
MARCH 1, 2018 — Norway’s SolstadFarstad and Yxney Maritime AS have completed a pilot project to develop and roll out the Yxney fuel efficiency and emission reduction software MarESS. MarESS is a
Seadrill at “pivotal moment” in restructuring plans
FEBRUARY 26, 2018 — John Fredriksen controlled offshore drilling contractor Seadrill Limited reports that it has succeeded in reaching a global settlement with an ad hoc group of bondholders, the official committee
Borr Drilling set to acquire Paragon Offshore
FEBRUARY 22, 2018 — Consolidation in the jack-up market continues. Tor Olav Troim’s Borr Drilling Limited is set to acquire Houston-headquartered Paragon Offshore. Borr has received commitments from holders of 67.9% of