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Offshore

Maersk Drilling wins contract

A Shell subsidiary has hired rig Maersk Developer for two well development projects. The contract is valued at USD 39 million.

Total's North Sea employees complain of "stress and anxiety"

Maersk Oil's sale to Total has taken a big toll on the employees on the Dan F platform in the North Sea, where several staff voice concerns about stress and are looking for new jobs. In an internal document, an employee warned of deteriorating safety.

Last week's top stories on ShippingWatch

Hafnia and CEO Mikael Skov had to dial down expectations ahead of IPO but reached its target for sale of shares ahead of thelisting. Former BW chief executive Tina Revsbech landed a new top job within shipping, and Thorco Projects is once again positive, in a week in which several companies presented financial figures.

Solstad bags work for six vessels

Debt-ridden Norwegian offshore shipping line Solstad lands work for six vessels with a new contract. The ships will service drilling campaigns in Australian waters starting next month.

Boskalis expects stronger second half of the year

Offshore company Boskalis exited the third quarter of the year with increases in revenue and operations. The order book also grew in the period, and the company expects a stronger second half of the year, writes Boskalis in an update.

Prosafe impairs hotel rigs by more than USD 340 million

The downturn in the offshore sector and weaker prospects made Prosafe book a massive impairment on accommodation rigs. The company also says that it will appeal the Norwegian authorities' rejection of its merger with a competitor.

Seadrill bags new contract in Brazil

Rig operator Seadrill has now secured more work for Petrobras in Brazil. The new contract is expected to be worth a triple-digit million-dollar figure.

Aker's investments decline in value

The value of the Aker group's investments, which cover several large oil and shipping companies, declined for the second consecutive quarter. "Our portfolio is exposed to volatile industries," chief executive says.

Solstad Offshore buys more time from creditors

Solstad Offshore's creditors have agreed to postpone interest payments on the shipping company's debt once again. The struggling offshore company now has until March 31, 2020, to find a solution to its problems.

BW Offshore risks major loss due to unpaid hire

A customer has yet to pay BW Offshore for an FPSO charter contract. The company risks losing USD 23 million in operations if the customer does not pay during the remaining contractual period.

Oil companies support Prosafe merger – but authorities say no

Equinor, Aker BP and Total all see the advantages of a merger between Prosafe and Floatel. Each company is fragile on its own, according to a response that ShippingWatch has read via a right of access to documents. Norwegian authorities have rejected the merger.

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