oil rigs

News

Petrobras Offshore Spending Spree Fuels Rally in Oil-Rig Bonds

(Bloomberg) — Constellation Oil Services Holding SA’s bondholders are reaping a windfall due to increased demand for the company’s offshore rigs from

Offshore

Offshore Drillers See No New Rigs Even as Demand Nears 2019 Peak

(Bloomberg) — As the world’s biggest offshore drillers gear up for more than $500 billion in new investments in the coming years, don’t expect rig

Oil Spill

Major Oil Spill Washes Ashore In California

Update: Everything We Know About the Southern California Oil Spill Right Now By Jonathan Allen Oct 3 (Reuters) – A large oil spill off the California

Offshore

Crew From 177 Production Platforms, 6 Rigs And 4 DP Rigs In the Gulf of Mexico Have Been Evacuated

NEW ORLEANS — Bureau of Safety and Environmental Enforcement (BSEE) activated its Hurricane Response Team as Hurricane Ida made its way through the

Shipbuilding

Keppel to Exit Rig Building

SINGAPORE, Jan 28 (Reuters) – Singaporean conglomerate Keppel Corp said on Thursday its struggling offshore and marine (O&M) segment will

News

Norwegian Investment Banks Touting Oil Rigs at Firesale Prices

By Luca Casiraghi and Mikael Holter (Bloomberg) — Pareto Securities AS is among banks targeting debt funds and private-equity firms to buy oil rigs at

News

Blowtorch Beach, Turkey: Where Old Offshore Oil Rigs Go to Die

  By Firat Kayakiran, Naomi Christie and Angelina Rascouet (Bloomberg) — When offshore oil rigs reach the end of their useful lives, many head for