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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Bergen Group sells Hanøytangen rig service business

APRIL 13, 2015 — Norway’s Bergen Group is selling its rig-service activity at Hanøytangen. Esbjerg, Denmark, headquartered project engineering specialist Semco Maritime will take over operational activity and Hellik Teigen AS is

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Cvitanovic Towing adds Lugger style tug

NOVEMBER 30, 2014—Cvitanovic Towing, Belle Chasse, LA, recently took delivery of its fourth Lugger-style tug. Built at the Rodriguez Shipyard in Bayou LaBatre, AL, the 65 ft by 26 ft Andrew C

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Idled rigs hinder Transocean’s 2015 earnings

NOVEMBER 19, 2014—Equity research firm Cowen and Company says publicly traded offshore drilling contractor Transocean’s November Fleet Update Summary has “negative implications for the stock.” Traded on the New York Stock Exchange

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Rolls-Royce to build service center at Astican

OCTOBER 21, 2014 — Rolls-Royce has inked a cooperation agreement that will see it build a 2,100 sq.m service facility at the Astican shipyard in Las Palmas, Canary Islands. Rolls-Royce says the

Bob Fogal retires from Zentech

SEPTEMBER 2, 2014 — Houston based marine engineering and naval architecture consulting firm Zentech Inc. reports that Bob “Sonny” Fogal, one of the icons in the offshore oil and gas industry, has

Offshore rig activity rises in U.S.

AUGUST 11, 2014—As of August 8, there were 60 rigs operating in the U.S. Gulf of Mexico, up five from the same period one year ago, according to Baker Hughes rotary rig