REM and Solstad agree to merge
JULY 28, 2016 — As tough times in the offshore services sector continue, Norway’s Solstad Offshore ASA and REM Offshore ASA have agreed to merge. a “triangular merger” under Norwegian law, REM
Offshore
GulfMark sees “early signs of encouragement”
JULY 27, 2016 — Houston headquartered GulfMark Offshore, Inc. (NYSE:GLF) has reported results of operations for the three- and six-month periods ended June 30, 2016. For the quarter, revenue was $30.5 million,
Lamprell says equipment problem delays jack-up delivery
JULY 26, 2016 — United Arab Emirates(UAE) based Lamprell plc says that scheduled second-quarter 2016 delivery of a jack-up drilling rig has been delayed. The rig is in its final stages of
Bills would remove caps for economic damages for spills
JULY 25, 2016—“If you drill and you spill, then you must pay the bill,” is how Senator Bob Menendez (D-NJ) summarized his “Big Oil Bailout Prevention Legislation Package” that he introduced last
Hyundai Heavy delivers world’s largest semi
JULY 17, 2016 — The world’s largest shipbuilder has delivered the world’s largest largest semi-submersible drilling rig. South Korea’s Hyundai Heavy Industries (HHI) delivered the 123 m x 78 m Ocean Greatwhite
Giant crane vessel features GE high voltage solution
JULY 13, 2016 — GE’s Marine Solutions business is to provide a high-voltage system to power and propel the world’s largest semi-submersible crane vessel (SSCV), Sleipnir, currently under construction at the Sembcorp
Hercules Offshore sells jack-up for $3.16 million
JULY 12, 2016 — Houston headquartered offshore drilling contracror Hercules Offshore, Inc. (OTC Pink: HEROQ) said yesterday that its subsidiary, Hercules International Drilling Ltd., entered into an agreement to sell the jack-up
U.S. publishes Final Rule on Arctic OCS drilling
JULY 8, 2016 — The U.S. Department of the Interior has released final regulations for any future exploratory drilling activities on the U.S. Arctic Outer Continental Shelf (OCS.) “With the United States
Keppel Shipyard books four contracts
JULY 7, 2016 — Singapore’s Keppel Shipyard has secured four contracts worth a total of about S$120 million (about US$ 89 million from repeat customers. The first is from BW Catcher Limited,
Vard to terminate Rem Offshore newbuilding order
JUNE 27, 2014 — Vard Holdings Limited has agreed in principle to terminate a shipbuilding contract with Rem Offshore ASA in return for a compensation. The contract with Rem for one Offshore