Oil & Gas

MARCH 23, 2018 — Houma, LA, based offshore services provider SEACOR Marine Holdings Inc. (NYSE:SMHI) yesterday reported results for its fourth quarter and year ended December 31, 2017 that were a lot more positive than…
MARCH 22, 2018 — Offshore support vessel operator Tidewater Inc. (NYSE: TDW) yesterday announced two additions to its leadership team, appointing David Darling as Vice President and Chief Human Resources Officer and Mark Parker as…
MARCH 22, 2018 — Italian contractor Saipem is to pay $275 million to acquire the Lewek Constellation. Delivered in 2013, the ultra deepwater rigid and flexible pipelay, heavy lift and construction vessel was previously operated…
MARCH 21, 2018 — Interior Assistant Secretary for Land and Minerals Management Joe Balash today announced that region wide Gulf of Mexico Lease Sale 250 conducted today by Interior's generated $124,763,581 in high bids for…
MARCH 19, 2018 — Back in January, Aberdeen, Scotland, based Bibby Offshore completed a financial restructuring that saw it being acquired by a group of its bondholders, led by York Capital Management. On Friday, Fara…
MARCH 16, 2018 — International Maritime Industries (IMI) and Saudi Aramco Rowan Offshore Drilling Company (ARO Drilling), have selected a new LJ43 jack-up rig design for ARO Drilling's new rig build program. The new design…
MARCH 15, 2018 — Statoil reports that its board is proposing to change the name of the company to Equinor. It says that the name change supports the company's strategy and development as a broad…
MARCH 15, 2018 — Paris headquartered offshore services giant Bourbon has released annual results for 2017 that show total losses reaching a whopping EUR 625.1 million (about $772 million) compared with the prior year's loss…
MARCH 14, 2018 — Aberdeen, Scotland, headquartered subsea services provider Bibby Offshore reports that it has booked three separate multimillion dollar contract wins with an oil and gas super major. The initial contract will see…
MARCH 13, 2018 — With the installation of an SMST crane 60 t knuckle boom crane with active heave compensation on board the Connor Bordelon, Lockport, LA, headquartered Bordelon Marine has completed its third Ultra-light…
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