Offshore

VOS Singapore secures new ship management contract

PRESS RELEASE – VOS Singapore has secured a new third-party ship management contract with a Bruneian Offshore Support Vessel owner and operator Lantana Services.  The vessel in question is the 2011-built anchor-handling tug supply (AHTS) vessel...Read more
|Comment|author: Tobias Pieffers

Banks take control of Bourbon

A group of banks will take control of Bourbon’s assets effective January 2nd, 2020. With that decision from the Marseilles Commercial Court, Bourbon’s six-month-long reorganization process has come to an end.  Bourbon had received at least...Read more
|Comment|author: Tobias Pieffers

Drill rigs are being sold at historic low prices

PRESS RELEASE – VesselsValue sounds the alert on MODU (Mobile Offshore Drilling Unit) values following the sales of two modern premium jack-up units to separate buyers at historic lows. Ravi Mehrota backed Foresight Drilling has picked...Read more
|Comment|author: Tobias Pieffers

OPEC agrees on further production cuts

OPEC and its partners have agreed to further cut production by 500,000 barrels per day in the first quarter of 2020, bringing their new combined cuts to 1.7 million barrels per day. The decision was...Read more
|Comment|author: Tobias Pieffers