Gulf of Mexico O&G sale: High bids and big questions
Yesterday’s Gulf of Mexico Oil and Gas Lease Sale 261 generated $382,168,507 in high bids for 311 tracts covering 1.7 million acres in federal waters of the Gulf of Mexico. A total
offshore
MARAD updates Title XI regulations
By providing long-term debt repayment guarantees, the U.S. Maritime Administration’s Title XI Federal Ship Financing Program is intended to encourage U.S. shipowners to obtain new vessels from U. S. shipyards cost effectively
Looking offshore, Fincantieri buys Remazel
Looking to strengthen its position in the offshore and subsea sectors, Italian shipbuilding giant Fincantieri is to acquire Chiuduno, Italy, headquartered Remazel Engineering S.p.A. from Advanced Technology Industrial Group S.A. Remazel is
Court rules against further GoM oil and gas lease sale delay
The U.S. Court of Appeals for the Fifth Circuit has issued an order dismissing an appeal against a GoM oil and gas lease preliminary injunction. As we reported earlier, the Bureau of
Vroon completes offshore vessel sell-off
One of the best-known companies in Netherlands shipping, Vroon, says that it has finalized its restructuring and completed the sale of 37 vessels from its offshore fleet. That leaves Vroon with a
Harvey Gulf appoints Philip Luongo EVP sales
Philip Luongo has joined New Orleans headquartered Harvey Gulf International Marine as executive vice president of sales, focusing on oil & gas, subsea, offshore wind, government and military contracts, and space exploration.
April 2023
This month’s issue takes a look at the offshore sector, including offshore service vessels, floating wind and the oil and gas field—all of which have a lot going on at the moment.
Bourbon and Horizon in JV targeting harsh environment offshore services
Paris-headquartered Bourbon and Canada’s Horizon Maritime have started a new offshore services joint venture. Called Bourbon Horizon AS it will focus on the North Sea and Canadian offshore markets. Incorporated in Norway,
Alaska O&G lease sale attracts just one bid
The Bureau of Ocean Energy Management (BOEM) held Cook Inlet Oil and Gas Lease Sale 258 on December 30, 2022, as directed by the Inflation Reduction Act of 2022. The sale generated
Bordelon Marine signs ULIV charter agreement with Subsea 7
Lockport, La., headquartered Bordelon Marine LLC has signed a one-year term charter agreement, starting in July 2022, with Subsea 7 i-Tech US Inc. for the M/V Connor Bordelon. Built by Bordelon Marine