Shell’s Vito deepwater project: “Break-even at $35 per barrel”
MAY 9, 2018 — The downturn in the price of oil over the past few years forced oil and gas producers to rethink their approach to deepwater offshore oil and gas development.
Offshore
Spirit Energy awards Bibby Offshore two year contract
MAY 8, 2018 — Aberdeen, Scotland, headquartered subsea services provider Bibby Offshore has secured a fixed term framework agreement with independent oil and gas operator, Spirit Energy. Awarded in April, the two-year
New York and New Jersey move to block offshore drilling
MAY 7, 2018 — The Trump Administration’s plans to open up Atlantic waters for offshore drilling continue to face mounting resistance from coastal states. Back in March, New York Governor Andrew Cuomo
Kirby to acquire Targa tank barge biz for $63.9 million
MAY 3, 2018 — Kirby Corporation (NYSE: KEX) today reported that it has signed an agreement to acquire Targa Resources Corp’s (NYSE: TRGP) inland marine tank barge business for approximately $69.3 million
HOS reports red ink in quarter and deal to buy four OSVs
MAY 3, 2018 — Covington, LA, based Hornbeck Offshore Services, Inc. (NYSE:HOS) yesterday reported its results for the first quarter ended March 31, 2018. And despite reporting losses, HOS disclosed that it
Seajacks to install turbines for Taiwanese offshore wind farm
MAY 2, 2018 — U.K.-based offshore installation contractor Seajacks recently won a contract from Siemens Gamesa to install its 6MW wind turbines during Phase 2 of the 120MW Formosa 1 offshore wind
Global consortium aims to ease pains of decommissioning projects
MAY 2, 2018 — Global spending on oil and gas decommissioning is expected to be $13 billion per year by 2040. Now a new global decommissioning consortium has been set up that
Offshore wind: Periods of 2018 will see all Seacat vessels under charter
MAY 2, 2018 —Isle of Wight, U.K. based offshore energy support vessel (OESV) operator, Seacat Services, reports that periods of 2018 will see all of its 14 vessels under charter, with some
First Damen FCS retrofitted with motion compensated gangway
MAY 1, 2018 — A 50 m Damen FCS 5009 fast crew supply vessel in operation with Nigerian offshore services company LATC Marine in the Gulf of Guinea has been fitted with
VesselsValue launches daily valuations for Offshore Construction Vessels
MAY 1, 2018 — VesselsValue (VV), the world’s leading online valuation provider, is launching daily valuations for Offshore Construction Vessels (OCVs). This completes VV’s expansion into Offshore Valuation, which already includes all