Oil & Gas

Two 92.4 m platform supply vessels ordered from Fincantieri Marine Group's Bay Shipbuilding by Tidewater Marine (see earlier report) are to have Thrustmaster of Texas Inc. propulsion systems.The main propulsion system in each PSV wi ...

Sweden's Rederi AB TransAtlantic has taken delivery of Magne Viking, the third in a series of four newbuild AHTS vessels from the Astilleros Zamakona S.A shipyard in Spain. The vessel will be flagged in the Danish Register of Ships, DIS.The four AHTS series on order at Zamakona is specifically designed to meet demands for efficient, safe and environmentally friendl ...

The Ungundja, the first of 10 DP-3, 100-meter GPA 696 IMR (Inspection, Maintenance & Repair) vessels, was recently delivered by China's Zheijang Shipyard, part of the Sinopacific Shipbuilding Group, to Paris-based Bourbon Offshore.Classed by Bureau Veritas, the vessels were designed by naval architectural and and marine engineering firm Guido Perla &a ...

Malaysia-based OSV shipbuilder Nam Cheong has sold three of nine 5,150 bhp Anchor Handling Towing Supply vessels that are currently being built for stock. Contracts worth a total $38 million have been secured for the vessels with a new Singapore customer, Sentinel Marine Pte Ltd.Though Nam Cheong's main shipbuilding facility is in Malaysia, the  ABS class AHTS ves ...

Sharjah, UAE, headquartered Gulmar Offshore Limited reports that its diving/ROV support vessel Gulmar Atlantis is now on its maiden voyage from Singapore to start a minimum 6 months contract in Brazil."Brazil is a very dynamic market for Offshore Oil and Gas. This contract will be an opportunity to display the versatility and high-end capabilities of the vessel, in terms of ...

State-owned oil company Petrobras said its oil and natural gas output in Brazil for June jumped 4% ias compared with a year earlier. Production was 2,407,366 barrels of oil equivalent per day (boed) in June, 4% more than the 2,315,117 barrels produced a year earlier and a 2% increase over May 2011. Domestic natural gas produ ...

Dubai-based marine geophysical specialist Polarcus Limited (OAX: PLCS) says that it has signed a term sheet for a bank facility of $410 million with DnB NOR Bank ASA and DVB Bank SE, Nordic Branch, together with Garanti-instituttet for Eksportkreditt (GIEK) and Eksportfinans ASA (the "Fleet Bank Facility"). The Fleet Bank Facility is offered at attractive terms and significant ...

Singapore's Otto Marine Limited says that its Karp Marine Limited unit has secured vessel operating contracts worth US$15 million for three of the group's offshore service vessels.These contracts mark the Group's entry into new vessel operation markets: the Middle East and West and South Africa. The contracts are for time charter for three of Otto Marine' ...