Offshore

The latest high tech arctic seismic vessel, Polarcus Amani, was delivered today by Polarcus Limited (OAX: PLCS).  This ship is seventh 3D seismic vessel to

MILAN – Saipem announced today they had signed $700 million in new offshore engineering and construction contracts offshore Brazil and Saudi Arabia. In

Bourbon Offshore has held a naming ceremony at Sinopacific Zhejiang shipyard in China for two landmark vessels soon to be added to their fleet: the Bourbon

Statoil has awarded Sevan Marine a study of the potential application of a Sevan FPSO for Statoil’s Skrugard / Havis development in the Norwegian Barents

MOSCOW (Dow Jones)–Russian state gas firm OAO Gazprom (GAZP.RS) will begin production at its massive Sakhalin-3 offshore gas project in the Far East in

(Dow Jones) French oil major Total SA (TOT, FP.FR) may hire Transocean Ltd. (RIG, RIGN.VX) and Rowan Cos. (RDC) to drill relief wells to end an ongoing gas

SINGAPORE (Dow Jones)–Keppel Corp. Ltd. (BN4.SG) on Wednesday said it signed a letter of intent with returning customer Floatel International Ltd. to

Shell Exploration and Production says it has taken delivery of the M/V Aiviq (pronounced ‘eye-vik’), a 360-foot ice class anchor handler built by

ROME -(Dow Jones)- Saipem SpA (SPM.MI) said Monday it has been awarded new offshore and onshore drilling contracts worth about $300 million. In offshore

PARIS (Dow Jones)–Total SA (TOT) is studying all options, including drilling a relief well, to end an ongoing gas leak at its Elgin platform in the

LONDON (Dow Jones)–Total SA (TOT, FP.PR) has been forced to halt production from a platform in the Elgin gas and condensate field in the U.K. North Sea

In the above video, Teekay Market Analyst Christian Waldegrave gives an update on the offshore market for the first quarter of 2012.   Via Teekay: Offshore

Eidesvik has entered into an agreement with Lundin Norway for chartering of the LNG powered supply vessel Viking Prince, which will be delivered from Kleven

So what else would you call a badass drilling rig but Dragonquest?  That was the first thing that came to my mind. Houston-headquarted Vantage Drilling

RIO DE JANEIRO (Dow Jones)–All oil companies operating in Brazil, both domestic and foreign, must respect safety protocols without exception,

Chevron’s George Buck and Transocean’s Michael Legrand top the list of offshore managers banned last Friday by Judge Vlamir Costa Magalhaes from

LONDON (Dow Jones)–Cairn Energy PLC (CNE.LN) Tuesday shrugged off the disappointment of a $1.19 billion full-year loss, insisting that there were

How might you get a 45,000 ton, 193-meter long steel tube from one side of the planet to the other?  The world’s largest transport ship of course,

In their second contract announcement so far today, Norway-based STX OSV adds to their offshore vessel newbuild orderbook with a NOK 650 million contract for

You’d better take your seasick pills with you because that’s where Statoil is sending you to go shoot seismic… It’s a $40 million