Bahamas Petroleum Company has signed a definitive contract with Stena Drilling so provide a drillship for its Perseverance #1 well, and expects the campaign to commence as soon as the fourth quarter of 2020. The drilling campaign had been delayed due to the Covid-19 pandemic, but now has a firm...
https://splash247.com/bahamas-petroleum-contracts-stena-drillship-for-perseverance-well/
As was the case just a few years ago, the offshore decommission sector stands out as the offshore sector set for rapid growth according to Rystad Energy. The Covid-19 pandemic and low oil prices will see operators increase spending on decommissioning, having already slashed exploration and...
https://splash247.com/offshore-decommission-sector-set-for-huge-growth/
Houston-based marine engineering firm Oceaneering has been awarded a major asset integrity contract from a Dubai-based operator. The contract includes integrity and inspection services for around 85 offshore platforms spread across five producing fields, as well as call-off onshore inspection...
https://splash247.com/oceaneering-awarded-major-contract-in-the-middle-east/
Panama is positioning itself as a competitive place to lay up ships. The country, home to the world’s largest registry, is offering 90 days free anchorage in the Bay of Panama for ships that are flagged with the Central American nation. Merchant ships flying a foreign flag will also be granted two...
https://splash247.com/panama-positions-itself-as-a-lay-up-centre-for-the-western-hemisphere/
Houston-headquartered McDermott International has been awarded a contract in the Middle East to carry out front-end engineering and design work for offshore riser platform topsides. The contract includes the design of two offshore riser platforms as well as associated brownfield integration...
https://splash247.com/mcdermott-awarded-offshore-engineering-contract-in-the-middle-east/
The Trump administration is cracking down on shipping’s links with entities from Iran, North Korea, and Syria, three countries on Washington’s sanctions list. The US issued a 35-page advisory yesterday to counter shipping practices used by North Korea, Iran and Syria to evade sanctions. The...
Having secured support from lenders and noteholders last month for a prepackaged chapter 11, Hornbeck Offshore Services has launched a solicitation of votes in support of the plan. With support indicated by 83% of the company’s lenders and 79% of noteholders, the company expects to file for chapter...
https://splash247.com/hornbeck-offshore-reorganisation-under-chapter-11-moves-a-step-closer/
A bank has collapsed along the Parana River, Latin America’s grain superhighway, forcing ships to travel with around 20% less cargoes. Reuters reports that dredgers are working in the Parana to the south of the Rosario grain port complex to try to restore the necessary depth of water for export...
https://splash247.com/riverbank-collapse-hinders-grain-exports-from-argentina/
LPG carrier operator Dorian LPG has entered into a sale and leaseback deal for its 2015-built VLGC Cresques. The 84,000 cu m vessel has been sold to Japanese owner Hisamoto Kisen for $71.5m and chartered back to the company for 12 years. Dorian LPG also recently completed two major financing deals...
https://splash247.com/dorian-lpg-clinches-sale-and-leaseback-deal-for-vlgc/
New Orleans headquartered offshore vessels owner Harvey Gulf International Marine has signed 18-month contract extensions for two of its platform supply vessels. The two LNG-fuelled PSVs are now contracted through to 2022. The company has also signed a long-term contract for its new fuel dock in...
https://splash247.com/harvey-gulf-extends-psv-charters-seeks-ma-opportunities/