The company undertook a number of transactions to modernize its fleet and increase financial flexibility and liquidity.
Diana Shipping’s bulker Semirio will earn less under its new charter deal.
Bahri places debut VLCC order with International Maritime Industries.
Wider conflict with Iran would be negative for most types of ships and for the oil markets in general.
The vessels, that represent the shipbuilder’s second export order, would be transported to Cancun in July.
W&T Offshore has entered into a purchase and sale agreement with ExxonMobil to acquire its interests in and operatorship of oil and gas producing properties in the eastern region of the Gulf of Mexico , offshore Alabama, and related onshore processing facilities for $200 million.
Exmar Netherlands has fully repaid the outstanding senior unsecured bond, issued in 2014.
Cathelco, now part of the Evac Group, has received Type Approval for its BWMS.
The registration for Offshore Energy Exhibition & Conference 2019 is now live!
U.S. supermajor ExxonMobil is looking to sell its Norwegian upstream assets. The portfolio has an estimated value of $3.1 billion, according to Rystad Energy.
Sapura Energy said it has been awarded 10 new contracts for its Engineering & Construction and Drilling segments, valued at approximately 1 billion Malaysian ringgits ($241 million). The new contract wins, secured across Malaysia, Thailand, Taiwan and Australia, include Sapura Energy’s first offshor
Well-Safe Solutions will be moving headquarters, following a landmark contract win and acquisition of its first asset. The decommissioning company, set up in 2017, has invested several million in the HQ building in Cove, Aberdeen, having already out-grown its current offices at Hill of Rubislaw. Gra
The extension of the Dunkerque Port’s Quai de Flandres was officially inaugurated on June 20 in the presence of Patrice Vergriete, Mayor of Dunkerque, Christine Cabau-Woehrel, Executive Vice-President in charge of assets for the CMA CGM Group, Stephane Raison, President of the Executive Board of Dun
Shell and CoensHexicon Co. Ltd have signed an agreement to develop, construct and operate a floating offshore wind farm in South Korea. According to CoensHexicon, initial project development started early this year for the wind farm which will be located circa 40km off the coast of Ulsan. The partie
