Oil & Gas

MARCH 1, 2018 — Norway's SolstadFarstad and Yxney Maritime AS have completed a pilot project to develop and roll out the Yxney fuel efficiency and emission reduction software MarESS. MarESS is a cloud based database…
FEBRUARY 26, 2018 — John Fredriksen controlled offshore drilling contractor Seadrill Limited reports that it has succeeded in reaching a global settlement with an ad hoc group of bondholders, the official committee of unsecured creditors,…
FEBRUARY 22, 2018 — Consolidation in the jack-up market continues. Tor Olav Troim's Borr Drilling Limited is set to acquire Houston-headquartered Paragon Offshore. Borr has received commitments from holders of 67.9% of Paragon's shares for…
FEBRUARY 16, 2018 — Publicly traded Tidewater Inc. (NYSE: TDW) announced it has appointed former Hercules Offshore executive John T. Rynd as the company's new President and Chief Executive Officer and a member of the…
FEBRUARY 14, 2018 — Oil Spill Response Limited (OSRL) and France's Center for Documentation, Research and Experimentation on Accidental Water Pollution (Cedre) have signed a Letter of Cooperation to strengthen operational level collaboration and to…
FEBRUARY 13, 2017 — Kvaerner has signed a contract with Statoil for delivery of the topside modules for the Johan Castberg floating production vessel (FPSO), as well as for hook-up and integration of the topside…
FEBRUARY 13, 2017 — Paris headquartered offshore services provider Bourbon Corporation is to shed 41 of its 65 oldest vessels and take an expected impairment loss of about €170 million (about $210 million) on their…
FEBRUARY 6, 2018 — U.S. operators in the market for high performance oil & gas sector crew transfer vessels could soon have a new option. Norwegian shipbuilder Umoe Mandal has introduced the latest addition to…
FEBRUARY 6, 2018 — Dutch shipbuilder Royal IHC reports that it has reached the first significant milestone in the design and build process of a 149m x 33m integrated reel-lay vessel for Subsea 7 of…
FEBRUARY 1, 2018 — Bergen, Norway, headquartered GC Rieber Shipping has entered into a time charter agreement with Deepocean BV for the SURF vessel Polar Onyx for a fixed period of three years with options…
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