Suncor Energy Inc, Canada's second-largest energy producer, said on Friday it expects average upstream production to rise 10 percent in 2019, even after implementing Alberta's mandated output cuts.Alberta has mandated temporary output cuts of 325…
VesselsValue's Head of Offshore Charlie Hockless weighs in on the merger between Tidewater and GulfMark.'The consolidation between GulfMark and Tidewater is a positive for the market. With Tidewater’s steadfast and unyielding attitude towards the scrapping of non-performing vessels…
Will a rising tide in the offshore oil markets float all the boats? In the U.S. Gulf of Mexico, that remains to be seen.Offshore services, exploration and production are on a roll. In early October, yet another business combination of big drillers was announced…
Parties say transaction could close on or about November 15, 2018.Offshore services providers Tidewater and GulfMark Offshore announced today the filing of the joint definitive proxy statement and prospectus with the U.S. Securities and Exchange…
As momentum continues to slowly ramp up in the offshore sector, Horizon Maritime said it has grown its fleet with the addition of another multifunctional offshore support vessels (OSV) from Houston-based Tidewater Marine.The new vessel, Tidewater Enabler…
Tidewater Inc. and GulfMark Offshore, Inc. announced Monday that the boards of directors of both companies have unanimously approved a definitive agreement to combine the two companies, creating the industry’s largest owner of offshore support…
UK-based remote operated vehicle operator ROVOP has increased its ROV fleet by 50% following aUS$74.93 (£56 million) funding boost. Blue Water Energy and BGF have jointly committed to the funding, which allowed ROVOP to buy an additional 24 ROVs…
Sirius Petroleum has confirmed that the company is in talks with supermajor BP regarding an offtake and pre-payment facility to support Sirius in its financing for the proposed drilling program on the Ororo field, offshore Nigeria. The COSL Power…
Sirius Petroleum signed an agreement with Tidewater Marine International for the provision of offshore service vessels (OSV) for a multi-well campaign in Nigeria. The deal is between Sirius and Tidewater Marine’s support company T1 Marine Services…
Pacific Exploration & Production Corp. has appointed Barry Larson as its new chief executive officer, effective 20 February 2017. Larson will be based at the company's operating headquarters in Bogotá, Colombia. Jim Latimer will continue…
Louisiana-based Bordelon Marine is using acoustically-aided inertial navigation technology from Sonardyne for its new ultra-light intervention vessel (ULIV), Brandon Bordelon. The dual Ranger 2 Pro DP-INS systems, the highest specification available…
Tidewater Subsea and Bordelon Marine have agreed to the charter of the Jones Act compliant MV Brandon Bordelon for 60 days plus options. In addition, Tidewater Subsea is mobilizing two FMC Technologies Schilling 150-HP remotely operated vehicles (ROVs) to the vessel…
Technip USA, Inc., an affiliate of Technip SA of France and 3D at Depth, a global technology provider of advanced subsea LiDAR systems and solutions, announced that they have signed a joint development agreement to expand and commercialize the LiDAR technology for subsea metrology…
As part of President Obama’s comprehensive Climate Action Plan to create American jobs, develop domestic clean energy resources and cut carbon pollution, Sally Jewell, US secretary of the Interior and Abigail Ross Hopper, Bureau of Ocean Energy Management (BOEM) director…
Gulf Island Fabrication, Inc. has announced that through its subsidiary Gulf Island LLC, it has signed a contract with an oil and gas company with operations in Trinidad for the fabrication of a jacket and piles for one of its offshore locations…
