Oil & Gas

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…
FEBRUARY 1, 2018 — Oil majors Shell and Total have each announced major oil discoveries in the deepwater U.S. Gulf of Mexico. Shell Offshore Inc. yesterday announced what it called "one of its largest U.S.…
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