Liftboats News

 

Borr Drilling Buys Paragon Offshore

Feb 22, 2018

Offshore rig firm Borr Drilling, controlled by Norwegian investor Tor Olav Troeim, is proposing to buy its rival Paragon Offshore for $232.5 million in a push to consolidate the fragmented rig market, it said on Thursday. A plunge in oil prices in 2014 forced oil firms to cut back on offshore exploration, reducing demand for drilling rigs at a time when new rigs ordered during the boom years were entering the market…

Ezion Sells Offshore Vessel to Astro

Jan 15, 2020

Singapore’s troubled liftboat operator Ezion Holdings has signed a memorandum of agreement to sell its offshore vessel Teras Genesis to the offshore and maritime chartering and brokerage company Astro Offshore.Ezion, in an attempt to reduce cash burn and shift focus to liftboats…

SAL Fly High With New Extension

Jun 13, 2019

SAL Heavy Lift, a carrier specialized in sea transport of heavy lift and project cargo, has installed a Fly-Jib crane boom extension on MV Lone which will be used on an offshore wind project in Taiwan.The Hamburg-based company said in a press…

OOS Serooskerke Undocked at CMHI Jiangsu

Oct 02, 2018

China Merchants Heavy Industry (CMHI) Jiangsu shipyard has undocked OOS Serooskerke, OOS International's newest semi-submersible crane vessel (SSCV).'The undocking operation was complex because of the limited water depth in the dry dock,' said a press release from the company…

Kongsberg to Equip New Heavy Lift Crane Vessel

Sep 25, 2018

Kongsberg Maritime has secured a contract worth approximately $13 million to equip a new heavy lift crane vessel for Offshore Heavy Transport (OHT) with an innovative technology suite. The vessel, a customized Ulstein Design & Solutions BV design…

Current News

Wave of N. American Oil and Gas Bankruptcies to Continue at $40 Oil

Wave of N. American Oil and Gas Bankruptcies to Continue at $40 Oil

Offshore Industry Welcomes UK Gov't Job Retention Bonus. Calls for Long-Term Support

Offshore Industry Welcomes UK Gov't Job Retention Bonus. Calls for Long-Term Support

Northern Offshore Services Adds Two More Vessels to Its Fleet

Northern Offshore Services Adds Two More Vessels to Its Fleet

Halliburton, TechnipFMC Launch Acoustic Sensing Solution for Subsea Wells

Halliburton, TechnipFMC Launch Acoustic Sensing Solution for Subsea Wells

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