MARCH 27, 2018 — VesselsValue reports that operators of offshore service vessels are beginning to scrap an increasing number of older vessels, with year-to-date scrapping rates increasing by 153 percent on the
MARCH 23, 2018 — Houma, LA, based offshore services provider SEACOR Marine Holdings Inc. (NYSE:SMHI) yesterday reported results for its fourth quarter and year ended December 31, 2017 that were a lot
MARCH 22, 2018 — Offshore support vessel operator Tidewater Inc. (NYSE: TDW) yesterday announced two additions to its leadership team, appointing David Darling as Vice President and Chief Human Resources Officer and
MARCH 22, 2018 — Italian contractor Saipem is to pay $275 million to acquire the Lewek Constellation. Delivered in 2013, the ultra deepwater rigid and flexible pipelay, heavy lift and construction vessel
MARCH 21, 2018 — Interior Assistant Secretary for Land and Minerals Management Joe Balash today announced that region wide Gulf of Mexico Lease Sale 250 conducted today by Interior’s generated $124,763,581 in
MARCH 19, 2018 — Back in January, Aberdeen, Scotland, based Bibby Offshore completed a financial restructuring that saw it being acquired by a group of its bondholders, led by York Capital Management.
MARCH 16, 2018 — International Maritime Industries (IMI) and Saudi Aramco Rowan Offshore Drilling Company (ARO Drilling), have selected a new LJ43 jack-up rig design for ARO Drilling’s new rig build program.
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
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
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
