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Zentech, WW Industries Partner
Two Houston based firms have teamed up to provide offshore drilling rig surveys, engineering and manufacturing for rig modifications or upgrades.Marine engineering and naval architecture firm Zentech Incorporated said it has partnered with fabrication, assembly, and testing company WW Industries (part of the Deepsea Technologies group) in an attempt to leverage the strengths of each other to provide complete turnkey…
Masirah Contracts Wings Offshore for FSO
Masirah Oil, an exploration and production company operating Block 50 offshore Oman, has awarded a contract to Wings Offshore for a floating storage and offloading (FSO) vessel…
Steel Cut for Awilco Rig at Nantong
Offshore drilling contractor Awilco Drilling has said that the first steel has been cut for its second rig under construction at a Keppel yard."We are pleased to…
Northern Drilling Cancels Drillship Resale Contract
Offshore drilling contractor Northern Drilling announced it has cancelled a resale contract for the 7th generation ultra deepwater drillship West Cobalt, which had…
OFS Sector Expected to Take a Hit
Lower oil prices will push the global oilfield services (OFS) sector into a recession in 2020 after three successive years of growth, according to Rystad Energy.In a new sector outlook update…
NYSE Begins to Delist Seadrill Partners
The international offshore drilling contractor Seadrill Partners LLC announced that it has been notified by the New York Stock Exchange that trading in SeaDrill's…
IOG Spuds Harvey Appraisal Well
UK based Independent Oil & Gas (IOG) has confirmed that the Maersk Resilient rig spudded the Harvey appraisal well on 6 August 2019.The North Sea firm said in a…
Borr Drilling Launches US IPO
Offshore drilling contractor Borr Drilling has launched the initial public offering (IPO) in the United States of 5 million of its common shares on July 29.The drilling…
US Gulf Production Restarting After Barry
U.S. oil companies on Monday began restoring some of the more than nearly 74% production shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said.There was 1.3 million barrels per day (bpd) of oil production off line in the U.S.-regulated areas of the Gulf of Mexico on Monday, about 80,000 barrels less than on Sunday, according to the U.S. Bureau of…
OP/ED: Stronger Together
In 1941, geologist Orval Lester Brace stated “it may be tentatively assumed that the Gulf of Mexico is a potential source of salt-dome oil. Whether or not it will be economically feasible to explore these waters for the domes that must exist is a question for the future to answer.” The future hypothesized by Mr. Brace was not nearly as far off as it seemed. Less than six years after his proclamation…
Big Easy Braces for Barry Flooding; Emergency Declared
New Orleans braced for severe flooding with residents told to hunker down as a growing tropical storm in the U.S. Gulf of Mexico headed for landfall late on Friday or early on Saturday as the first Atlantic hurricane of 2019.U.S. President Donald Trump declared a state of emergency for the state of Louisiana late on Thursday, hours after the region's oil production was cut by half as energy companies…
NJ Congressman Battles Offshore Drilling
Frank Joseph Pallone Jr., the U.S. Representative for New Jersey's 6th congressional district, says that the battle against the Trump Administration’s push for seismic…
EnscoRowan Changes its Name to Valaris
UK-based offshore drilling contractor EnscoRowan announced that it will change its name to Valaris, effective July 31, 2019.The London-headquartered firm said in…
Mermaid Gets Funds for Two Vessels
Thailand-based offshore drilling services company Mermaid Maritime Public Company said that its subsidiary Mermaid Subsea Services Thailand (MSST) has entered…
EnscoRowan Wins Arbitration Against SHI
Offshore drilling services provider EnscoRowan announced that an arbitration tribunal has awarded it $180 million in damages in its proceedings against South Korean…
Geoquip Marine Names Laloe as Director
Switzerland-headquartered geotechnical engineering and offshore drilling company Geoquip Marine has announced the appointment of industry veteran Jean-Luc Laloe to its Board of Directors.Jean-Luc…
Northern Drilling Orders New Drillship at DSME
John Fredriksen's offshore drilling firm Northern Drilling has ordered another newbuild rig having exercised a previously held option for the Cobalt Explorer drillship…
Warren as Prez Would Ban New Offshore Drilling
U.S. presidential candidate Elizabeth Warren said she would ban all fossil fuel extraction on federal land and in coastal waters, setting herself apart from a crowded field of Democratic hopefuls who have made climate change a central campaign issue but have yet to outline specific policies. Warren said in a post on Medium that she would sign an executive order on her first day in office for a "total…
OSV Market: Which Way is Up?
Any analysis of markets for offshore service vessels (OSV) usually begins with analogies to rough weather, best of times/worst of times or similar. OSV expert Seabrokers, with a home base in Stavanger, Norway, in the February edition of its Seabreeze market report follows this convention with a description of the “feast or famine” conditions in the North Sea. Recent day rate action highlights the localized nature of markets for anchor handlers (AHT)…
Maersk Ditches Offshore Services Sale
A.P. Moller-Maersk said on Friday it had abandoned plans to sell its offshore services business, blaming tough market conditions for the blow to the Danish conglomerate's attempts to focus entirely on its transport and logistics business."This disturbs the tale they started to tell in 2016.