Norwegian ship designed and builder Vard has secured a contract from I.T. International Telecom Marine (IT) to convert its platform supply vessel (PSV) IT Infinity into a cable laying vessel (CLV).The PSV was built at Vard Brattvaag and delivered…
Standard ETC, an Oslo-listed company previously known as Standard Drilling, has acquired 25% in offshore drilling operator Dolphin Drilling for USD 10 million through an equity issue.Martin Nes, Chairman of the Board of Directors of Standard…
Oslo-listed offshore energy investment firm Standard Drilling has agreed to sell Standard Princess platform supply vessel for $10.3 million.'The proceeds from the vessel and any future divestments of the offshore fleet will be directed towards…
Oslo-listed offshore energy investment firm Standard Drilling announced it has sold the platform supply vessel Standard Princess for $10.3 million.The Cyprus-headquartered company said Wednesday it completed the transaction after announcing a memorandum of agreement to sell the vessel in November…
Norwegian investment company Standard Drilling said Tuesday it had sold its 33.3% ownership in the VLCC Gustavia S, following the updated company strategy. Standard Drilling, which in 2013 sold off its offshore drilling rigs, only to return as offshore vessel owner in 2016…
Following the announcement of a proposed merger between offshore drillers Maersk Drilling and Noble Corporation on Wednesday, a Noble shareholder said it would vote against the deal.The combination is a primarily all-stock transaction where…
Velesto Drilling, a Malaysia-based offshore drilling company, has ordered two Chela cranes from NOV's Gusto MSC, to be installed on a jack-up drilling rig.NOV said that the deal marked the first two orders for the 'new and cost-competitive version' of the Crane - the Chela Twins…
Oslo-listed offshore vessel owner S.D. Standard Drilling Plc. has agreed to sell the Standard Olympus platform supply vessel for $7.5 million to an undisclosed buyer.'The sale of Standard Olympus will result in a gain for Standard Drilling of gross USD 1…
S.D Standard Drilling Plc, a Cyprus-based, Oslo-listed offshore vessel owner, said Monday it had purchased 500,000 shares, corresponding to 1% ownership, in offshore driller Noble Corp, at USD 18.5 per share.'Noble completed its restructuring- and Chapter 11 process on 5 February 2021…
Danish offshore drilling company Maersk Drilling has won a one-well contract extension for its Maersk Integrator jack-up drilling rig with Aker BP in Norway.The contract is expected to start in December 2021, in direct continuation from the rig's current scope for Aker BP…
Danish offshore drilling firm Maersk Drilling has won a contract with the Norwegian oil company Aker BP for the ultra-harsh environment jack-up rig Maersk Reacher.Aker BP will use the Maersk Reacher to assist with well intervention, stimulation…
Standard Drilling, an offshore driller turned offshore support vessel owner, has now decided to make another shift in its game.The company, which in 2013 sold off its offshore drilling rigs, only to return as offshore vessel owner in 2016, on…
Despite a string of good-news messages in recent weeks, the price of oil continued its weeklong slide on Monday, taking with it many of Norway’s oil-focused stocks.A large swathe of listed offshore suppliers and energy companies took a pounding…
Offshore vessels were designed and built to support the offshore oil and gas industry. Whether that’s platform supply vessels (PSVs) supplying offshore installations, anchor handlers (AHT/AHTS) moving mobile offshore drilling units (MODUs) and other offshore structures…
Cyprus-based company active in the oil and gas industry S.D Standard Drilling signed Memorandum of Agreement (MoA) to sell one large Norwegian built Platform Supply Vessel (PSV), Standard Supporter for USD 15 million.The transaction was completed yesterday (10 December 2019)…
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