Oil & Gas

MAY 3, 2018 — Covington, LA, based Hornbeck Offshore Services, Inc. (NYSE:HOS) yesterday reported its results for the first quarter ended March 31, 2018. And despite reporting losses, HOS disclosed that it has agreed to…
MAY 2, 2018 — Global spending on oil and gas decommissioning is expected to be $13 billion per year by 2040. Now a new global decommissioning consortium has been set up that includes Lloyd's Register…
MAY 1, 2018 — A 50 m Damen FCS 5009 fast crew supply vessel in operation with Nigerian offshore services company LATC Marine in the Gulf of Guinea has been fitted with an Ampelmann L-type…
MAY 1, 2018 — VesselsValue (VV), the world's leading online valuation provider, is launching daily valuations for Offshore Construction Vessels (OCVs). This completes VV's expansion into Offshore Valuation, which already includes all types of Mobile…
MAY 1, 2018 — ABS reports that it has awarded the world's first Managed Pressure Drilling (MPD) –Ready Notation to Ocean Rig for the ABS-classed Corcovado and Mykonos deep water drillships. The ABS MPD-Ready notation…
APRIL 30, 2018 — Tor Olav Troim's Borr Drilling Limited has sold 14 older jack-up rigs en bloc to a non-drilling company. The rigs were acquired as part of Borr Drilling's acquisition of Houston-headquartered Paragon…
APRIL 19, 2018 — Fosnavåg, Norway, headquartered Havila Shipping ASA reports that it has entered into charter contracts with Total E&P UK for the PSV vessels Havila Aurora and Havila Borg. The contracts are for…
APRIL 18, 2018 — Offshore drilling contractor Seadrill Limited reports that its plan of reorganization has been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas. Seadrill says the plan has near…
APRIL 16, 2018 — Solstad Farstad ASA reports that its wholly owned subsidiary, Deep Sea Supply Shipowning AS, has sold the 6,800 bhp AHTS Sea Badger, delivered in 2011 by India's ABG Shipyard. Delivery of…
APRIL 13, 2018 — DNV GL has revised its classification rules for Managed Pressure Drilling (MPD) systems and introduced two new class notations DRILL(MPD) and DRILL(MPD READY). Stena Drilling Ltd. (SDL) is the first drilling…
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