Wednesday, August 19, 2020
Deepwater Champion Transocean seatrial drillship
Offshore

Offshore Crisis: Recent Failures Have Created A Massive $30 Billion Financial Risk

By David Wethe and Allison McNeely (Bloomberg) Offshore oil servicers are going bust at the fastest pace in three years as explorers spurn high-cost drilling to deal with a worldwide...

August 19, 2020
Total Views: 111

Tuesday, May 31, 2016
News

Mothballed Ships in Southeast Asia Show Pain Inflicted by Oil Slump

By Aradhana Aravindan and Keith Wallis SINGAPORE, May 31 (Reuters) – Not everyone in shipping is bemoaning the industry’s worst crisis in living memory: a cluster of companies that help...

May 31, 2016
Total Views: 34

Monday, November 23, 2015
Maritime News

Norway’s Stacked Offshore Fleet Swells to 100 Vessels

By Mikael Holter (Bloomberg) — The number of Norwegian offshore vessels with nothing to do has gone from zero to 100 in just a year. And the woes are far...

November 23, 2015
Total Views: 23