Oil & Gas

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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. A great example of that new approach is Shell’s Vito project, which is being developed in 4,000 feet…
JUNE 19, 2018 — Japan's Mitsui O.S.K. Lines, Ltd. (MOL) and Mitsui & Co., Ltd. have entered into a share purchase agreement to acquire 50% of the shares in Oslo headquartered subsea support vessel specialist…
JUNE 14, 2018 — Shell Exploration and Production Company has awarded Gray, LA, headquartered oilfield service provider Danos a coatings contract for its Appomattox platform in the Gulf of Mexico. The coatings project is expected…
JUNE 13, 2018 — Keppel Offshore & Marine Ltd (Keppel O&M) reports that its Keppel FELS shipyard has delivered the state-of-the-art jack-up rig, Skald, to Borr Skald Inc, a subsidiary of Borr Drilling Limited (Borr…
MAY 25, 2018 — Equinor (the company formerly known as Statoil) has awarded Odfjell Drilling a contract for the sixth-generation semisubmersible Deepsea Atlantic for six firm wells with an estimated total duration of 18 months,…
MAY 23, 2018 — Harvey Gulf International Marine reports that its final Plan of Reorganization has been approved by the U.S. Bankruptcy Court, Southern District of Texas - Houston Division. The approval comes just 77…
MAY 23, 2018 — Havila Shipping ASA has entered into charter contract with Axxis Geo Solution AS (AGS) for the PSV vessel Havila Fortune. The contract is for a firm period of 6 months with…
MAY 23, 2018 — Compagnie Maritime Monégasque (CMM) and Damen Shipyards Group have joined forces to introduce a fast, safe and reliable Fast Marine Access crew change solution for the Brazilian market using a Damen…
MAY 22, 2018 — In a filing with the the SEC, Hornbeck Offshore Services, Inc. (NYSE:HOS) reports that, on May 18, 2018, a wholly-owned subsidiary closed on the purchase of four high-spec Jones Act-qualified OSVs…
MAY 21, 2018 — Sembcorp Marine Ltd reports that its wholly-owned subsidiary, Sembcorp Marine Rigs & Floaters Pte. Ltd., has been awarded a contract by Shell Offshore Inc. to construct and integrate the hull, topsides…
MAY 9, 2018 — Rolls-Royce has signed a long-term service agreement with Kristiansand, Norway, headquartered Siem Offshore for the maintenance of its deck machinery installations aboard 12 state-of-the art anchor handling vessels. The five-year Maintenance…
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