Equinor opts for Sevan FPSO concept for Wisting
Sevan SSP has announced that its concept has been chosen for the Equinor-operated Wisting field in the Barents Sea.
Rigs & Vessels
Maersk CEO calls for end to day rates, more consolidation
There are “too many rigs and too many players” in the drilling industry, Maersk Drilling CEO Jørn Madsen has said.
Leif Höegh, Morgan Stanley team up to buy Höegh LNG
Leif Höegh & Co. (LHC) in a joint venture with Morgan Stanley Infrastructure Partners have made a 23.5 krone ($2.73) per share offer for Höegh LNG Holdings.
Borr Drilling ‘encouraged’ by increased activity as $35m added to backlog
Borr Drilling said in its new fleet status report that it had added $35.1 million over 480 days to its total backlog.
Bank-owned Bourbon emerges
Bourbon Maritime has emerged from bankruptcy and reorganisation, under which 1.5 billion euros ($1.83bn) of debt was cut.
A stack more floaters are headed for the chop
The direction of travel appears clear; around a quarter of the current offshore floater rig fleet - ships and semi-submersibles - will be sent to the scrapyard near-term.
Drillers must scrap one quarter of floaters, Rystad says
Restructuring for offshore drillers will accelerate, Rystad Energy has predicted, and as much as one quarter of the global floater fleet could be scrapped.
SBS retake tanker off Isle of Wight
Following a day during which the Nave Andromeda product tanker was held by stowaways, UK special forces have retaken the ship offshore the Isle of Wight.