Statoil has signed a contract with North Atlantic Norway to hire the West Hercules rig which can be used for exploration and production drilling internationally and on the Norwegian continental shelf (NCS).Statoil has signed an agreement with North Atlantic Norway Ltd (Norwegian Branch)…
Braemar Seascope’s demolition brokers are working extra hard this year, which may be good newsfor everyone. Dry cargo demand growth is running at strong levels due to the twin processes of industrialization and urbanization in emerging markets…
Oil and gas professionals are upbeat about the future of North Sea operations, Offshore Europe poll reveals.57% of delegates at Offshore Europe expect investment in the North Sea oil and gas industry to increase in 2012, according to Economist…
In the first half of 2011, seaborne container traffic between Hamburg and Poland experienced a particular surge by 38 per cent, to 114,000 TEU. In this context, imports and exports from/to Poland are very well balanced at 56,000 TEU and 58…
North Star Shipping, a division of the family-owned global shipping and energy services firm - Craig Group, has secured in excess of £20 million in new business and the renewal of existing contracts.The company which provides offshore support…
Successful audits and efficiency stimulate Jack-Up Barge to award new contracts to MirTac.Jack-Up Barge awarded MirTac new contracts for consultancy and Star IPS implementation for 4 locations: 1 monohull and 3 modular self elevating platforms…
GL Noble Denton commissions new Economist Intelligence Unit report on the outlook for the oil and gas industry in 2012.• Delegates at Offshore Europe 2011 and professionals from across the industry are invited to have their say on the future…
Barclays Corporate oil and gas team announces it has provided funding for global energy deals amounting to US$1.26billion so far this year. The facilities have been provided for organisations operating in the UK and internationally, comprising…
Northern Offshore, Ltd., operator of production and drilling vessels for the global offshore oil and gas industry, won a contract from Maersk for the jackup Energy Enhancer. The contract, worth in excess of £20million will see the Energy Enhancer…
Marco Polo Seatrade receives court approval to continue to use revenues in the business.The Marco Polo Seatrade group of companies that filed for Chapter 11 on 29th July 2011 has taken a significant step forward in the US Chapter 11 restructuring process…
DryShips Inc. (NASDAQ: DRYS) announced its unaudited financial and operating results for the second quarter and six month period ended June 30, 2011.For the second quarter of 2011, the company reported a net loss of $114.1m, or $0.33 basic and diluted loss per share…
“We have arrived at the end of a downturn that has lasted since late 2008, and the market for modern offshore vessels is now turning around. BOURBON has every chance of being the first to benefit from this new turn of events thanks to a high-performance modern fleet and a worldwide network…
Containership orders are increasing at a dramatic rate, analysis from Braemar’s Seascope’s research division has revealed.Figures show that since the beginning of this year 52 containerships of 10,000TEU or larger have been ordered – compared…
Nordic American Tankers Ltd. Letter to Shareholders From the Chairman and CEO - NAT Is Different.Dear Shareholder,It is time to update you on recent developments in the Company and our industry. As we have stated before, it is at times…
Safety specialist Survival Craft Inspectorate wins multimillion-pound Shell contract. Aberdeen-based marine safety specialist Survival Craft Inspectorate has secured a multimillion pound contract to supply and service life-saving equipment in Shell’s Southern North Sea sector…
