The State of Louisiana, the American Petroleum Institute, Chevron USA Inc. and Shell Offshore have been granted a preliminary injunction in response to their law suit challenging conditions in BOEM’s Final Notice
Offshore services giant Tidewater Inc. [NYSE: TDW] has executed a Global Value Agreement (GVA) with Caterpillar covering its worldwide fleet of over 200 OSVs that operate in more than 60 countries. Caterpillar
Norway’s DOF Group ASA reports that it has won three new service contracts from Petrobras in a competitive bid process. DOF says that they include work within its core service lines of
Slow-marching of offshore oil and gas leasing sales by the U.S. Department of the Interior could threaten offshore wind leasing, NOIA (the National Ocean Industries Association) says, noting that Federal law mandates
While the Bureau of Ocean Energy Management may be all in on offshore wind, that’s not the case with oil and gas. On August 23, BOEM announced plans to hold Gulf of
In another sign of strength in the offshore drilling market, John Fredriksen associated SFL Corporation Ltd. (NYSE: SFL) reported today that it has signed a drilling contract in Canada with a subsidiary
The world’s largest operator of offshore service vessels, Houston-headquartered Tidewater Inc.(NYSE:TDW), yesterday reported its results for the three and six months ended June 30, 2023. Highlights included: What all this will mean
Houston-headquartered Diamond Offshore Drilling, Inc. (NYSE: DO) has reported second quarter 2023 results that saw $229 million added to its backlog. Total revenues were $281.5 million compared with $232 million in the
Norway’s DOF Group ASA reports that it has been awarded a significant SURF (subsea umbilicals, risers and flowlines) contract worth in the region of $80-100 million, The contract is with a Tier
Offshore drilling contractor Valaris Limited (NYSE: VAL) today reported that it is reactivating its Valaris DS-7 drillship to service a newly-awarded 12-well contract offshore West Africa The contract is expected to commence