Oil & Gas

Maersk Supply sheds two more

DECEMBER 14, 2016 — Maersk Supply Service is halfway to meeting the divestment goal it announced back in August, when it said it planned to shrink its fleet by up to 20

Maersk Supply gets second decommissioning job

NOVEMBER 28, 2016 — Maersk Supply Service says that, as a result of efficient project management and strong synergies with partners on the Janice decommissioning project, it has secured a second contract

Island Offshore to restructure finances

NOVEMBER 15, 2016 — The Island Offshore group, which is majority owned by the Ulstein and Chouest families, is taking steps to restructure its financing. An Oslo Stock Exchange announcement today says:

Eidesvik brings seismic duo out of lay-up

NOVEMBER 14, 2016 — Norway’s Eidesvik Offshore is bringing two seismic vessels out of lay-up. Eidesvik has been awarded two contracts from CGG for the seismic vessels Vantage and Veritas Viking. They

Lenders give Tidewater more time

NOVEMBER 11, 2016 — Offshore service vessel giant Tidewater Inc. (NYSE: TDW) has gotten another reprieve from its lenders — until January 27, 2017. It has been in ongoing discussions with its