Thursday 30 April 2020

Golden Energy Offshore Services AS (GEOS-ME) has, as most owners of vessels servicing in the oil and gas industry, experienced severe reduction in vessel demand. GEOS-ME has therefore elected to place the vessels Energy Duchess, Energy Empress and Energy Scout in temporary lay-up, whilst continue chasing possible future contracts. The last couple of months has change the prospects for the coming high season dramatically and GEOS-ME need to take these kind of necessary measurement to manage the extraordinary situation in the current market conditions.