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Diamond Offshore Files for Bankruptcy

Apr 27, 2020

Diamond Offshore Drilling Inc filed for bankruptcy protection in Texas on Sunday, after the company recently skipped making an interest payment and said it had retained restructuring advisers.The Houston-based contract drilling company's filing, one of 15 of its group companies seeking protection under Chapter 11, said day rates and demand for its services had 'worsened precipitously' this year amid…

Chinese Buyers Snap Up U.S. Oil Purchases at Widest Discounts Ever

Apr 01, 2020

China has increased U.S. crude purchases with some buyers snapping up cargoes at the widest discounts ever as sellers seek to offload excess supplies in Asia, six trade sources said on Wednesday.China started processing in March applications from its companies to waive import tariffs on U…

Brent Crude Drops to $26.35. Outlook Bleak

Mar 26, 2020

Oil prices fell on Thursday, ending three sessions of gains, as movement restrictions worldwide to contain the coronavirus destroyed demand and overshadowed expectations that a U.S. $2 trillion emergency stimulus will bolster economic activity…

Current News

First Topside Module Lifted on Coral South FLNG Hull

First Topside Module Lifted on Coral South FLNG Hull

Kazakhstan: No Shutdown Planned for COVID-19-hit Tengiz Field

Kazakhstan: No Shutdown Planned for COVID-19-hit Tengiz Field

GMS Fleet Utilization at 2015 High as More Middle East Work Secured

GMS Fleet Utilization at 2015 High as More Middle East Work Secured

AET Takes Delivery of Petrobras-bound Shuttle Tanker

AET Takes Delivery of Petrobras-bound Shuttle Tanker

Japan's Refiners Facing Stagnant Market May Cut Capacity

Japan's Refiners Facing Stagnant Market May Cut Capacity

Conrad: Mako Discovery One of 'Largest Ever' in West Natuna Basin

Conrad: Mako Discovery One of 'Largest Ever' in West Natuna Basin

QP: North Field Works Going Full Steam Ahead

QP: North Field Works Going Full Steam Ahead

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