Jackup rig values rise on oil recovery

JANUARY 26, 2018 —Rising oil prices have increased interest in secondhand for jack-up rigs, pushing asset values up 36 percent from a year ago, according to data compiled by VesselsValue. VV’s Fixed

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Maersk to be split into two divisions

SEPTEMBER 22, 2016 — A.P. Møller-Mærsk A/S is to reorganize the Maersk Group’s businesses into two divisions: an integrated Transport & Logistics division and an Energy division. The main growth focus going

Tough quarter for Tidewater

AUGUST 11, 2015—Amid the challenging oil market conditions, offshore support vessel owner Tidewater Inc., New Orleans, LA, reported a first quarter net loss for the period ended June 30, 2015, of $15.1

Keeping Canadian oil sands moving

MARCH 27, 2014—Alberta, Canada has some of the world’s largest proven reserves of oil—about 170 billion barrels. Almost all of those reserves are locked away in oil sands (more commonly referred as

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New deepwater oil discovery for Petrobras

AUGUST 8, 2013—Brazil’s Petrobras has confirmed  an oil discovery in a well 303 km offshore of the state of São Paulo in water depths of 2,158 meters. The deepwater discovery was at