$11 million Jones Act penalty is largest ever
APRIL 5, 2017 — Furie Operating Alaska LLC has agreed to pay $10 million to satisfy a civil penalty originally assessed against it by U.S. Customs and Border Protection (“CBP”) for violating
Offshore
$11 million Jones Act penalty is largest ever
APRIL 5, 2017 — Furie Operating Alaska LLC has agreed to pay $10 million to satisfy a civil penalty originally assessed against it by U.S. Customs and Border Protection (“CBP”) for violating
Clashing views on CBP Jones Act ruling revisions
APRIL 4, 2017 — On January 18, the Customs and Border Protection Agency (CBP) announced proposed modifications and revocations to around 30 identified rulings, as well as additional unidentified rulings, related to
Seadrill warns of Chapter 11: Share price plummets
APRIL 4, 2017 — Shares in John Fredriken’s Seadrill Limited (NYSE:SDRL) plunged today as the drilling contractor warned that a restructuring plan it is working on “will likely involve schemes of arrangement
ABB teams with Presserv on vessel stacking service
With OSV stacking continuing, ABB’s marine and ports business is partnering with Norway’s Presserv AS to offer maintenance packages for vessels that serve the oil and gas industry and that are laid-up
ABB teams with Presserv on vessel stacking service
With OSV stacking continuing, ABB’s marine and ports business is partnering with Norway’s Presserv AS to offer maintenance packages for vessels that serve the oil and gas industry and that are laid-up
Caustic soda spill leads to costly deck damage
MARCH 28, 2017 — The USCG Headquarters Office of Investigations and Casualty Analysis has issued a “lessons learned” circular on the hazards of chemical spills. Earlier this year several Coast Guard marine
Tidewater: Business as usual as waiver expires
MARCH 28, 2017 — Offshore service vessel provider Tidewater Inc. (NYSE: TDW) announced today that the latest waiver of covenant default from its lenders and noteholders expired in accordance with its terms
Economou’s Ocean Rig files for bankruptcy
MARCH 28, 2017 — Deepwater drilling company Ocean Rig UDW Inc. (NASDAQ:ORIG) and various subsidiaries have entered into a restructuring support agreement with creditors and have presented winding up petitions in the
VIDEO: Damen launches walk-to-work wind farm SOV
MARCH 27, 2017 — Damen Shipyards Galati, Romania, has launched the Bibby WaveMaster 1, the first of Damen’s purpose-built offshore wind Service Operations Vessels (SOV) with Walk-to-Work (W2W) capability,. When completed, Bibby