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Hurricane: FPSO Aoka Mizu reaches Dubai shipyard

Bluewater-owned FPSO Aoka Mizu, which will operate on Hurricane Energy’s Lancaster field off the UK, has arrived at a shipyard in Dubai for upgrade work.  The UK-based oil and gas company informed on Monday that the FPSO unit Aoka Mizu...

02/10/2017 Read

U.S. offshore rig count climbs up to 22 units

The number of offshore rigs operating in the U.S. climbed up by three units last week, according to a Friday report by Baker Hughes, a GE company. Baker Hughes Rig Count: U.S. +5 to 940 rigs U.S. Rig Count is up 5 rigs from last week to 940, wi...

02/10/2017 Read

Höegh Autoliners pleads guilty to price fixing

Höegh Autoliners has agreed to plead guilty and pay a $21 million criminal fine for its involvement in a conspiracy to fix prices, allocate customers and rig bids, the U.S. Department of Justice announced on Wednesday.   According to a on...

29/09/2017 Read

Lundin bites dust in Barents Sea well

Lundin Norway has completed drilling of exploration well 7220/6-3 on the Børselv prospect in PL609 on the Loppa High in the southern Barents Sea. The well was dry. The well was drilled approx. 20 kilometers north of the oil and gas discover...

29/09/2017 Read

Trump waives Jones act for Puerto Rico

The Trump Administration has finally decided to waive the Jones Act for the hurricane-ravaged Puerto Rico. The move came on the back of fierce criticism from the public saying that the restrictive regulation has delayed recovery efforts on the isl...

29/09/2017 Read

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