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MMA Offshore: OSV oversupply overstated

Oversupply of offshore vessels in the market is overstated, and the market is tightening, Australian OSV player MMA ...

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Billionaire Fredriksen steps down as Seadrill Chairman

"My close involvement and strong support of Seadrill will remain unchanged."

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Petrobras to become world’s largest oil producer by 2030?

Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030, ...

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Cash offer for Singapore's POSH formally launched

Quetzal Capital has now formally launched its voluntary conditional cash offer for Singapore’s offshore support ...

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CNOOC elects new chief executive officer

Oil and natural gas producer CNOOC has promoted its executive director and president to the position of the chief ...

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Saipem-Subsea 7 to be fourth-largest oilfield service firm?

Norway's Rystad Energy said the deal between Saipem and Subsea 7 would create the fourth-largest oilfield service ...

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Ex-McDermott man becomes Gulf Island Fabrication CEO

U.S. offshore facilities fabrication company Gulf Island Fabrication has named a new president and chief executive ...

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Company trio forms offshore vessel operating joint venture

Singapore-based offshore services provider Kim Heng Offshore & Marine has signed a joint venture agreement with ...

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Tamarind administrators eyeing Tui drilling restart

Administrators of Tamarind's New Zealand subsidiary have revealed they would be looking to continue the Tui ...

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Shelf Drilling reports 3Q loss. Boosts contract backlog

Jack-up drilling company Shelf Drilling saw its third quarterly loss widen, however, the CEO is optimistic about ...

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Former Faroe boss sets up new North Sea oil & gas company

Longboat Energy, a new player created by the former management team of Faroe Petroleum, has announced its intention ...

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Baron Oil in reverse takeover of Singapore-based E&P company

UK-based oil and gas company Baron Oil has made a move to acquire a Singapore-based private E&P company, SundaGas, ...

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Swire to close Swire Seabed’s operations in Bergen

Swire Pacific Offshore will be closing its wholly-owned subsidiary, Swire Seabed, and its three associated ...

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FAR eyes $350M debt facility for SNE development

Australia-based FAR Limited has made plans to arrange a seven-year debt facility of up to $350 million for the ...

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Tamarind subsidiary goes into voluntary administration

The New Zealand subsidiary of Malaysia's energy company Tamarind Resources has gone into voluntary administration ...

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First steel cut for Awilco's newbuild rig

Offshore drilling contractor Awilco Drilling has said that the first steel has been cut for its second rig under ...

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EU approves Saudi Aramco and Hyundai Heavy joint venture

The European Commission has approved the creation of a joint venture between subsidiaries of oil giant Saudi Aramco ...

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Kosmos Energy appoints new board member

Oil and gas company Kosmos Energy has named a new member of its board of directors.

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Standard Drilling bounces back to black

Norwegian offshore vessel owner Standard Drilling has reported an operating profit in the third quarter of 2019 ...

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Vantage revenues fall as deepwater rig utilization drops

Vantage Drilling recorded a decrease in quarterly revenues as its deepwater rig utilization dropped in the third ...

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MMA closes Neptune takeover

Australian offshore support vessel company MMA Offshore has completed the acquisition of the business of Neptune ...

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Subsea 7 profit, revenues down on lower pricing and activity

Subsea 7 saw a decrease in revenues in the third quarter of 2019 due to lower activity levels in the Renewables and ...

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Pacific Drilling finds work for two drillships

Offshore drilling contractor Pacific Drilling has secured more work for a drillship working in the Gulf of Mexico ...

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Borr Drilling CFO to step down

The chief financial officer of offshore drilling rig contractor Borr Drilling has decided to step down.

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Former TGS CEO becomes Shearwater chairman

Norway's seismic vessel fleet owner Shearwater GeoServices has named a new chairman of the company’s board of directors.

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CGG's 3Q net income at $41 million

French marine seismic company CGG reported Group net income of $41 million for the first quarter of 2019, compared ...

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Prosafe not giving up on Floatel merger

Offshore accommodation specialist Prosafe will not give up on its proposed merger with rival Floatel following ...

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