US-based offshore vessel provider Hornbeck Offshore has struck a comprehensive balance sheet restructuring support agreement with its lenders.The announcement on Tuesday follows Hornbeck’s previous announcement earlier this month when the company…
Norwegian seismic survey company Shearwater has lost two contracts in the Asia Pacific, joining the likes of Polarcus, SeaBird, EMGS which have all been hit by the recent low oil prices and COVID-19 pandemic situation.Shearwater said Tuesday…
Oslo-listed marine seismic company SeaBird Exploration is working to reduce costs further in the wake of uncertainty caused by low oil prices and COVID-19. The company said that in the worst-case scenario it would target to cut the spending to less than $400…
Italian oilfield services provider Saipem has taken delivery of the DLB Norce Endeavour lay pipe barge from Solstad Offshore.As previously reported, following a charter period, Saipem in March elected to buy the vessel from Solstad.The vessel…
Offshore oil and gas contractors Seadrill, Pacific Drilling, and Hermitage Offshore have in the past week received listing warnings from the New York Stock exchange.All three companies have been warned by the New York Stock Exchange (the 'NYSE')…
A Saipem employee died last Friday aboard the company's offshore vessel FDS in a port in the Netherlands. Saipem said that the death occurred 'due to natural causes' not related to coronavirus. However, the company did confirm that one crewmember…
Belgium-based offshore installation and construction company DEME has chartered a hotel ship where it will pre-quarantine its offshore crews ahead of deployment to offshore projects.'To ensure safe crew changes on board dredgers and offshore vessels during the COVID-19 pandemic…
Offshore cable-solutions provider OceanTeam has signed an agreement with an unnamed major cable manufacturer to provide cable transportation capability using a cable transportation and handling barge specially equipped for these tasks.OceanTeam…
The Carbon Trust’s Offshore Wind Accelerator (OWA) has this week published guidance for the geophysical surveying for unexploded ordnance (UXO) and boulders, supporting subsea cable installation by improving the efficiency and effectiveness of surveys…
Offshore installation company DEME Offshore has said made strong progress with the installation of the foundations for offshore wind turbines at Ørsted’sBorssele 1 & 2 Offshore Wind Farm in the Dutch North Sea, reaching the halfway mark. Having…
The article was updated on April 27, 2020, with a statement by EnQuest which explained that the contract for the Safe Zephyrus had been terminated due to COVID-19-related safety concerns and not due to the low oil price.Offshore accommodation…
Dutch dredging and marine services giant Boskalis has acquired the U.S.-based maritime emergency response specialist Ardent Americas.Ardent, created by the 2015 merger of salvage divisions of Svitzer and Crowley, specializes in emergency preparedness and response…
Update: The article has been updated by a statement from an SBM Offshore spokespersonSBM Offshore, a floating, production, storage, and offloading (FPSO) leasing specialist, has said that a number of COVID-19 cases has been confirmed on one of its FPSOs…
Eastern Mediterranean-focused gas group Energean said on Thursday a report showed its Karish North field contained around a third more gas and oil than it had previously thought.The Karish North field, according to an expert report typically used in the industry…
Offshore installation company Ocean Installer has chartered Island Offshore's Island Victory vessel for work in the Barents Sea, offshore Norway.Island Offshore said Wednesday the vessel had already started working for Ocean Installer on a 60…
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