offshore oil and gas

The tow-out of the platform destined for the Hebron Field located off the coast of Newfoundland and Labrador has commenced, partners in the project have

By Mikael Holter (Bloomberg) — Norway’s biggest bank is done comparing: The downturn in the country’s offshore services market has no precedent.

New Orleans-based Harvey Gulf International Marine has taken delivery of the first of two large capacity Multi Purpose Support Vessels (MPSV) that will

SINGAPORE, April 27 (Reuters) – Singapore’s Sembcorp Marine Ltd (Sembmarine) posted a 28 percent drop in its first-quarter profit as rig orders

By Serene Cheong (Bloomberg) — Citigroup Inc. joined Goldman Sachs Group Inc. in backing commodities, saying it’s the season to have faith in raw

By Mikael Holter (Bloomberg) — Billionaire John Fredriksen and his former top adviser Tor Olav Troim may not see eye to eye anymore, but they agree

By Aradhana Aravindan and Anshuman Daga SINGAPORE, March 20 (Reuters) – Oilfield services provider Ezra Holdings Ltd’s decision to file for U.S.

by Tom Hals (Bloomberg) Oilfield services firm Ezra Holdings Ltd (EZRA.SI) of Singapore filed for U.S. Chapter 11 bankruptcy on Saturday, blaming a prolonged

by Justin Bachman (Bloomberg) At the helicopter industry’s largest trade show last week, dozens of aircraft were parked over 7 acres of Dallas convention

By Tom Hals Feb 28 (Reuters) – A subsea and offshore contractor affiliate of Ezra Holdings Ltd, a struggling Singaporean oilfield services firm, filed

By Peter Millard (Bloomberg) — European oil majors given a taste of Brazil may soon be ready for more. Norway’s Statoil ASA, Anglo-Dutch company

By Nerijus Adomaitis OSLO, Feb 20 (Reuters) – Cost cuts by Norway’s oil and gas industry appear to have contributed to a rise in accidents in

Feb 8 (Reuters) – SBM Offshore expects 2017 revenue to fall 15 percent as the world’s top oil production ship leasing company said it

(Bloomberg) — Royal Dutch Shell Plc’s $3.8 billion sale of North Sea oil and gas fields creates a model for further transactions in a region where the

Statoil Petroleum AS has chartered thirteen vessels, including 9 AHTS and 4 PSVs, for work offshore Norway as the company boosts its exploration activities for

OSLO, Jan 26 (Reuters) – Subcontractors to the oil industry, including supply vessel owners, seismic shippers and rig firms, will continue to face

By Mikael Holter (Bloomberg) — Cost cuts are painful, but for Norway’s oil industry making every penny count has also yielded a surprising

Maersk Oil plans to reduce its workforce in Denmark by approximately 160 positions as part of a plan to simplify the organization, the company said this week.

International helicopter manufacturer Sikorsky is requiring all operators of its S92A helicopters to undertake a mandatory inspection of

By Mikael Holter (Bloomberg) — The man overseeing energy policy in western Europe’s biggest oil-producing nation says the worst downturn in the