Posted By Arnold & Itkin LLP
The American offshore industry is no stranger to aging vessels. Experts say that vessels are going to start retiring faster than the rate they can be replaced. Because of this, it’s fair to assume that many older vessels will be at sea for longer than they should be. Not only are aging ships an economic setback, but they also pose a risk to maritime workers. Offshore workers who are employed on ...
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Posted By Arnold & Itkin LLP
Offshore oil and gas production is complex, involving many different players and facets. Essentially, the industry involves two main tasks: extracting the materials and transferring them to a refinery to be prepared for sale. These tasks involve two main types of different yet equally important equipment: vessels and platforms (also called rigs). Platforms are stationary structures while vessels ...
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