Daily Archives: November 16, 2016

Prosafe hit with PSA breach

Petroleum Safety Authority Norway has served Prosafe AS with a notification of order related to what it termed as a “serious breach” of regulations. Read Full Article Here For more great articles: Offshore RSS Feed

Sembcorp drops Cosco yard equity

Sembcorp Marine Ltd. has entered into a sale and purchase agreement with China Ocean Shipping (Group) Co. to dispose of its 30% equity interest in Cosco Shipyard Group Co. Ltd. Read Full Article Here For more great articles: Offshore RSS Feed

Oil edges up in volatile trading

Crude oil prices edged higher in volatile trading as the market weighed Russia’s comments about a possible meeting with Saudi Arabia on possible output cuts. Read Full Article Here For more great articles: Offshore RSS Feed

NZOG exits Kupe fields

New Zealand Oil & Gas has reached an agreement to sell its share of 15% interest in the Kupe gas and oil fields and production station to Genesis Energy for NZ$168 million ($119 million). Read Full Article Here For more great articles: Offshore RSS Feed

Prosafe in breach of regulations after ‘Safe Scandinavia’ probe

By _Offshore_Energy_Today_ Norwegian safety body, the Petroleum Safety Authority (PSA), has slapped Prosafe with a notification of order regarding the company not rectifying non-conformities spotted during an audit of the Safe Scandinavia tender support vessel (TSV) in September 2015. The Safe Scandinavia is an accommodation rig which was converted to a TSV in 2015. This…