Bibby Offshore

North Sea

Bibby name switches to Rever

North-east firm Bibby Offshore is to become Rever Offshore, consigning a familiar name in the North Sea oil and gas industry to the history books after 15 years.

North Sea

Bibby Offshore Holding’s announce recapitalisation

An agreement has been reached on the recapitalisation of Bibby Ofshore Holding’s balance sheet with noteholders who hold 80% of the £175 million 7.5% senior secured notes due 15 June 2021 (the “Notes”) issued by its subsidiary Bibby Offshore Services Plc (the “Issuer”).