Harvey Gulf signed an agreement with Bee Mar LLC to purchase all of Bee Mar's vessels and assets.
The purchase will include 10 offshore supply vessels, which will increase Harvey Gulf's fleet to a total of 32 vessels – with 24 deepwater, new generation, offshore support vessels and eight deepwater towing vessels.
Upon closing, Harvey Gulf will have operations in the U.S. Gulf of Mexico, Alaska, Mozambique, Africa, Israel and Saudi Arabia.
Saudi Arabia's state oil producer Aramco has cut the official selling prices for its crude to Asia and Europe, while leaving them unchanged for the U.S., a document obtained by Reuters showed.
Gas stockpiles in the US and Europe are expected to reach all-time highs by the end of the injection season.
U.S. oil refining capacity this year could decline by the largest amount in nearly a decade as pandemic-related travel curbs and a fire shut several plants, reversing years of small gains.