Oil & Gas

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Borr to activate four more OCTOBER 4, 2018 — In another sign of increasing optimism in the offshore drilling market, Tor Olav Troim's Borr Drilling Limited has decided to start the activation of four additional newbuild jack-ups. This follows Borr's success in securing commitments for three of its newbuild units and its North Sea based…
DECEMBER 7, 2018 — Esbjerg, Denmark, headquartered specialist offshore service vessel operator Esvagt sees growth opportunities as a result of expected higher oil and gas production from the Barents Sea. Reserves in the area are…
DECEMBER 4, 2018 — GE has been awarded Service Provider recognition by classification society ABS for its SeaStream Insight solution which provides health and performance monitoring of equipment via a digital twin, enabling condition-based maintenance…
NOVEMBER 15, 2018 — Offshore services giant Tidewater Inc. (NYSE: TDW) today announced the successful completion of its merger with GulfMark Offshore, Inc., after the relevant proposals were approved by over 99% of the votes…
NOVEMBER 15, 2018 — McDermott International, Inc. (NYSE: MDR) has hosted an event at its fabrication yard in Altamira, Tamaulipas, Mexico, celebrating the sail away of the PEMEX Exploración y Producción PB-Abkatun-A2 oil and gas…
NOVEMBER 12, 2018 — Offshore services giant Tidewater Inc. (NYSE:TDW) today reported a net loss for the three months ended September 30, 2018, of $30.9 million, or $1.16 per common share, on revenues of $99.2…
NOVEMBER 12, 2018 — Skudesneshavn, Norway, based software developer UniSea AS, has been selected to partner with offshore services giant Tidewater Inc. in digitalizing and standardizing its business processes related to health, safety, environment and…
NOVEMBER 9, 2018 — Keppel Offshore & Marine subsidiary, Keppel Shipyard has won Shipyard), clinched a contract worth about S$30 million (about US$22 million) for the modification and upgrading of a production barge for SJ…
NOVEMBER 2, 2018 — Ulsteinvik, Norway, headquartered Island Offshore has secured a three-year agreement with Equinor for its DPII PSV Island Clipper to serve as combined PSV and walk to work vessel. The vessel will…
OCTOBER 22, 2018 — Underscoring the continuing toughness of the offshore services sector, Solstad Offshore ASA says it is to start talks with its lenders. Solstad Offshore ASA was created by the June 2017 merger…
OCTOBER 22, 2018 — Sembcorp Marine Ltd reports that its wholly-owned subsidiary Sembcorp Marine Rigs & Floaters Pte. Ltd. has signed an agreement with Varg L.L.C., a wholly-owned subsidiary of Teekay Offshore Partners L.P., for…
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