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Hornbeck Offshore to Have 30 OSVs laid-up by the End of Year

Hornbeck Offshore is set to have more than 30 OSVs fleet stacked by year-end as the slump in oil prices continues to wreck the offshore market. The company, which owns and operates a fleet of new generation OSV vessels mostly working in the U.S. G...

30/10/2015 Read

Shell Pushed into loss by charges

Royal Dutch Shell has reported a loss for the third quarter of the year, after taking a big charge to reflect the cost of halting major projects.   The oil company reported a loss of $6.1bn in the quarter, compared with a $5.3bn profi...

29/10/2015 Read

2015 3rd Quarter MaritimeCrime Figures

In continuation of last week article of 4 kidnaped seafarers from Lithuania and Ukraine we would like to present you an analysis by Dryad Maritime about maritime crime. The following narrative accompanies Dryad’s maritime crime figures for Q...

29/10/2015 Read

Extended Contract But Slashed Day Rates

Offshore drilling contractor Atwood Oceanics has got a contract extension for one of its drilling rigs, however, at a reduced day rate. The jack-up rig, Atwood Orca will now stay with Mubadala Petroleum until October 28, 2016. The original contrac...

29/10/2015 Read

Statoil reduces 3Q net loss but delays two projects

Norwegian oil and gas giant Statoil has reported a net loss of $330.7 million in the third quarter of 2015, mainly due to net impairment charges and provisions. Statoil cut down its losses when compared to the same period last year and a net...

28/10/2015 Read

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