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Neptune Contracts CIMC Raffles, Odfjell Drilling
Neptune Energy Norge AS has hired the newly built Beacon Atlantic semi-submersible drilling rig for up to 16 wells offshore Norway.The oil and gas producer said…
Vantage Drilling Sinks Into the Red
Texas-based offshore drilling contractor Vantage Drilling International reported a net loss of $52.2 million for the three months ended December 31, 2018 as compared…
DNV GL Nod for Carver's GH Pump Line
Carver Pump, a manufacturer of American-made pumps, has obtained DNV GL certification for their line of GH end-suction centrifugal pumps.DNV GL (Det Norske Veritas and Germanischer Lloyd) is a global quality assurance and risk management company that provides classification, technical assurance, and certification to the maritime, oil & gas, power and renewables industries. This certification verifies that the GH line from Carver Pump can be used reliably in marine vessels…
Maersk Drilling Mulls Listing in Recovering Market
Drilling rig contractor Maersk Drilling, which will soon list on the Copenhagen stock exchange, said the offshore drilling market is improving as oil firms generate more cash and look to boost reserves.A fall in oil prices in 2014 prompted a severe downturn in the industry as oil companies cancelled or postponed exploration plans, reducing demand for offshore drilling rigs."What drives our faith in a market recovery is to a high degree the higher activity we see from the oil companies…
SeaOwls, Ulstein Part Ways
Norwegian shipbuilder Ulstein and Dutch offshore consultancy SeaOwls BV have decided to each go their own separate ways in the offshore wind industry.The jointly…
Noble Buys New Jack-up from PaxOcean
London-based offshore drilling contractor Noble Corporation has bought a second newbuild Gusto MSC CJ46 design jack-up rig from the Singapore shipyard PaxOcean Group for $83.75 million.
Foresight Takes Delivery of New Jackup Drilling Rig
London-based international law firm Watson Farley & Williams (WFW) advised Foresight Group of Dubai on the delivery arrangements relating to a LeTourneau Super 116E…
Offshore Drilling Market to Reach $152.47B by 2026
Global offshore drilling market accounted for $79.53 billion in 2017 and is expected to reach $152.47 billion by 2026 growing at a CAGR of 7.5%.Some of the important…
Government Shutdown: Atlantic Seismic Permitting Blocked by Judge
A federal court judge on Friday ruled that the federal government cannot process seismic testing permits for offshore oil drilling during the ongoing government shutdown, dealing a blow Trump administration's energy agenda.Judge Richard Gergel of the U.S. District Court in South Carolina issued the decision in response to a motion filed by a range of conservation and business groups and coastal cities opposed to the adminstration's efforts to expand U.S.
Seacor Marine Acquires Three Fast Support Vessels
U.S. offshore vessel owner Seacor Marine has acquired of three fast support vessels (FSVs) in exchange for the private placement of 603,872 shares of its common stock to domestic U.S.
Cook Inlet Tug & Barge Announces Interim Manager
Project Manager to Temporarily Lead Alaska Operations. Cook Inlet Tug & Barge (CITB), an independently managed subsidiary of Foss Maritime Company, announced that Foss project manager Amber Thomas has been selected as interim Business Operations Manager for Anchorage. Beginning January 2, Thomas will serve as the central point person for administrative and commercial operations, leading all shoreside activities in Anchorage and Seward.
Borr Drilling Deploys IFS Applications
The global enterprise applications company IFS announced that international offshore drilling contractor Borr Drilling has deployed IFS Applications to improve operations…
Biggest Spenders of 2018
With less than a week until Christmas and most of our presents bought, we're feeling the pinch. However, that's nothing compared to the amount that some have been spending this year. VesselsValue's Senior Analyst Court Smith gives a rundown on which countries have splashed the most cash on second hand vessel purchases over 2018.USAJP Morgan Global Maritime is the US company who has spent the most on second hand vessels: 308 million USD so far in 2018.
Transocean Shareholders OK Ocean Rig Acquisition
Transocean, international provider of offshore contract drilling services for oil and gas wells, has announced that its shareholders approved the acquisition of Ocean Rig UDW…
UK Ambassador Visits Energean's Offshore Facilities
United Kingdom Ambassador to Greece Ms. Katherine Smith visited Energean offshore drilling facilities at Prinos.The Delegation of the British Embassy toured by boat…
Maersk Warns Trade War Will Impact Box Shipping
Top U.S. importers are stocking up on Chinese goods before new import tariffs take effect, shipping giant A.P. Moller-Maersk said on Wednesday, but warned a trade war would hit demand for container shipping in the coming years.Maersk's data indicated that imports into the United States from China had grown 5 to 10 percent year-on-year in the third quarter as companies such as Walmart and Home Depot built up inventories to avoid new import tariffs…
U.S. Coast Guard Clarifies U.S. Citizenship Requirement for U.S. Flag Vessels
Rules regarding 'Employment of Non-U.S. Credentialed Personnel On board Certain U.S.-Documented Vessels' defined.An analysis of recent arrival notifications has revealed several cases of U.S.-documented vessels calling on U.S. ports with non-U.S. credentialed personnel in lieu of U.S. citizens. The intent of this MSIB is to provide information and guidance regarding the provisions for employment of non-U.S. credentialed personnel on board certain U.S. documented vessels.
Rowan Reliance Awarded Fieldwood Contract
Offshore drilling contractor Rowan Companies plc announced Monday that its drillship Rowan Reliance has been awarded a contract in the U.S. Gulf of Mexico by Fieldwood…
ABS Awards AIP to HHI’s Deepwater FLNG Hull
ABS granted Approval in Principle (AIP) to Hyundai Heavy Industries’ (HHI) Deepwater Floating Liquefied Natural Gas (FLNG) hull design.HHI advises the Newbuilding…
Standard Drilling Sells PSVs
New World Supply, where S.D. Standard Drilling (SDSD) has an ownership of 26.2 percent, has completed a sale of two of its six medium sized platform supply vessels…