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Drunk captain charged in New Zealand

The captain of a 40,000-tone logging ship has been fined for being under the influence of alcohol after an “exceptionally high” reading was taken by New Zealand police. The police were alerted by the pilot assisting the Shans...

07/08/2017 Read

Polarcus hit with more loss

The Oslo-listed geophysical company on Friday posted a net loss of $33.7 million for this  year’s second quarter as opposed to a $11.2 million loss in the same period last year. The company’s revenues during the second quarter 201...

07/08/2017 Read

U.S. offshore rig fleet down to 17 active units

The U.S. offshore rig count has fallen to 17 active drilling units after it dropped by 7 rigs this past week, according to a report by Baker Hughes, a GE Company. Baker Hughes Weekly Rig Count: U.S. -4 to 954 rigs U.S. Rig Count is down 4...

07/08/2017 Read

Nine missing after Mercosul Line container ship collides

A containership operated by Brazilian shipping company Mercosul Line was involved in a serious collision with a tug pushing barges down the Amazon River on Wednesday, with nine people reported missing from the tug. The head-on collision occurred a...

04/08/2017 Read

$50 oil boosts offshore drillers’ hopes of comeback

By David Wethe (Bloomberg) — The “magic” of $50 oil is now in the sights of deep-sea drillers as they try to lure customer spending from shale wells on land. And after more than three years of pain, that prospect has some investo...

04/08/2017 Read

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