Saipem to pay $275 million for Lewek Constellation

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

Giant lease sale seen as “modestly active”

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

Two York Capital controlled offshore players to merge

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.

ARO Drilling picks design for 20 rigs it plans to build at new mega yard

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.

Statoil to change its name to Equinor

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

Awash in red ink, Bourbon says it’s an ongoing concern

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

Bibby Offshore scores subsea sector hat trick

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

Bordelon adds 65 t SMTS crane to PSV to create ULIV

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

ABS classes first hybrid OSV to operate in GoM

MARCH 12, 2018 — Classification society ABS says it has been selected by SEACOR Marine to class the first offshore support vessel (OSV) in the Gulf of Mexico (GoM) to operate using

Awilco Drilling inks contract for newbuild harsh environment semi

MARCH 11, 2018 — Aberdeen, Scotland, based Awilco Drilling has signed a contract with Singapore’s KeppelFELS shipyard covering the construction of a Moss Maritime design CS60 ECO MW semisubmersible drilling rig. The

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