Hornbeck Offshore Services Inc., Covington, La., (NYSE: HOS) has closed its acquisition of 20 offshore supply vessels (OSVs) and related business from certain affiliates of Nabors Industries Ltd., Houston, (NYSE: NBR) for $186 million in cash. The Sea Mar fleet is comprised of 10 200-class DP-1 new-generation OSVs and 10 conventional OSVs. Hornbeck also acquired one 285-foot DP-2 new-generation OSV currently under construction at a domestic shipyard with an anticipated fourth-quarter 2008 delivery. The total estimated cost of this newbuild vessel is approximately $34 million, of which $7.3 million was paid to Nabors at closing.
Recommended Reading
Baker Hughes: US Drillers Add Oil, Gas Rigs for Third Week in a Row
2025-02-14 - U.S. energy firms added oil and natural gas rigs for a third week in a row for the first time since December 2023.
Exxon Seeks Permit for its Eighth Oil, Gas Project in Guyana as Output Rises
2025-02-12 - A consortium led by Exxon Mobil has requested environmental permits from Guyana for its eighth project, the first that will generate gas not linked to oil production.
VoltaGrid to Supply Vantage Data Centers with 1 GW of Powergen Capacity
2025-02-12 - Vantage Data Centers has tapped VoltaGrid for 1 gigawatt of power generation capacity across its North American hyperscale data center portfolio.
Chevron Completes Farm-In Offshore Namibia
2025-02-11 - Chevron now has operatorship and 80% participating interest in Petroleum Exploration License 82 offshore Namibia.
E&P Highlights: Feb. 10, 2025
2025-02-10 - Here’s a roundup of the latest E&P headlines, from a Beetaloo well stimulated in Australia to new oil production in China.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.