Oil & Gas

Brazil’s Inace Shipyard recently delivered the Siem Carajas, a 50m fast supply vessel (FSV), to Siem Consub. Designed by Guido Perla & Associates, Seattle, WA, the 50-meter by 10-meter Siem Carajas is an all-aluminum vessel, with a large forward ...

Gjerdsvika, Norway, headquartered Sanco Shipping AS has declared an option for a second 889.m x 21.5 m seismic vessel to be built at Kleven Maritime's Myklebust Verft shipyard in Norwy. The vessel, to be named Sanco Sword, is to be delivered in the first quarter of 2014. Its sister vessel Sanco Swift will be delivered from ...

Nigel McCue, CEO of U.A.E based Lamprell, says that a $227 million order from "a highly valued customer" for a LeTourneau Super 116E jack-up rig "further evidences the sustained demand for these rigs and the confidence in Lamprell's ability to deliver a quality product with a strong commitment to customer service." T ...

Covington, LA-based Hornbeck Offshore Services, Inc. (NYSE:HOS) reports results for the first quarter ended March 31, 2012 that included an increase in revenues of 66.0 percent to $120.0 million compared to $72.3 million for the first quarter of 2011  Operating income was $28.6 million, or 23.8 percent of revenues, for the first quarter of ...

Dockwise Ltd. says it "has engineered the most innovative semi-submersible heavy-lift vessel in history and redefined the limits of heavy marine transport with the design of the Dockwise Vanguard. Additionally, the Dockwise Vanguard has opened a new market for offshore drydocking." The 900 ft x  229.5 ft vessel has ...

Classification society DNV has issued a new dedicated rule book for self-elevating units to guide designers and shipyardss. The rule book clearly explains the DNV and international regulations and standards.   Adaptations from the traditional offshore standards include additional class notations and alignment of material and jackin ...

Tanker giant Overseas Shipholding Group, Inc. (NYSE: OSG) reports results for the first quarter of fiscal 2012 ended March 31, 2012.that saw TCE (time charter equivalent) revenues of $214.0 million, an increase of $7.4 million, or 4 percent, from $206.6 million in the 2011 quarter. Net loss for the quarter was $34.8 million, or $1.15 pe ...

Cummins Inc. (NYSE: CMI) plans to produce dual fuel engines from 800 hp to 3500 hp (597-2610 kW) for high-horsepower markets. The first in the product portfolio, QSK50 Tier 2 for oil and gas well servicing applications, will begin production in midyear 2013, with other QSK Series engines to follow, including engines capable of meeting upcoming EPA Ti ...