Norwegian oil and gas rig operator Dolphin Drilling filed for bankruptcy on Wednesday, leading creditors to seize its key assets in a restructuring that will see the company maintain operations.Formerly known as Fred. Olsen Energy, Dolphin Drilling ASA had debt of just over $1 billion at the end of 2018 and a net loss for the year of almost $300 million, its annual report shows.
The Coast Guard responded to a reported collision of two vessels approximately 20 miles southeast of Oahu, Wednesday.The commercial fishing vessel, Helen, reportedly collided with the Italian-flagged Liquid Propane Gas tanker, Pertusola, carrying 2,300 metric tons of propane reportedly collided.At 1:52 p.m.
Avance Gas Holding, a Bermuda-based company engaged in the transportation of liquefied petroleum gas, said that announces Christian Andersen will step down as President.Peder Simonsen (CFO) will serve as interim CEO until a permanent successor is appointed."The Board would like to thank Andersen for his significant contribution to the Company since inception," said a press note.