Oil & Gas

The second of two advanced Rolls-Royce designed UT 788 CD AHTS being built by China's Wuchang Shipbuilding Industry Co. has grounded in a shipyard incident.. Its sister vesse (pictured here) was successfully launched in November 2011In a stock exchange announcement, the vessel's owner, China Oilfield Serviced Limited, said that on January 2012 at approximately 2:00 p. ...

Both Singapore-listed STX OSV and its majority shareholder, Oslo-listed STX Europe, have moved to downplay media reports suggesting that a sale of the company is imminent -- likely to either Keppel or Sembawang.Today, STX OSV Holdings Ltd issued a Singapore stock exchange announcement that referred to a January 17 Reuters article entitled "STX Said to Hire JPMorga ...

Mr. W. van der Velde, Chief Technical Officer of Seaway Heavy Lifting and Mr. A.A .Kromhout, Managing Director of IHC Offshore Systems, were all smiles when they signed a recent "hush hush deal." Under it, IHC Offshore Systems, part of IHC Merwede will rent offshore contractor Seaway a noise mitigation system that will protect marine life from the noise caused by offshore pile-driving ...

Hercules Offshore (NASDAQ: HERO) reports that the Mako, a 175ft class liftboat operating in Nigeria, was engulfed by a fire that originated on a third-party rig, the KS Endeavor, during the early morning hours on January 16, 2012.  The Mako was providing excess storage services adjacent to the KS Endeavor drilling rig at the time of the incident. Th ...

Sweden's Rederi AB TransAtlantic (STO:RABTB) has taken delivery of Brage Viking, the fourth in a four vessel AHTS series from Spanish shipbuilder Astilleros Zamakona S.A. The vessel will be flagged up in the Danish register of ships, DIS.The Zamakona-built AHTS series is specifically designed to meet demands for efficient, safe and environmentally friendly o ...

Paris-headquartered offshore services giant Bourbon has set up a new organization, Bourbon Docking, to help it achieve its target of 95 percent vessel availability. Located in Dubai, Bourbon Docking will manage the class dockings of vessels, for all Bourbon affiliates. In accordance with  the Bourbon 2015 Leadership Strategy plan, the group's growth s ...

Lionel Lee, Managing Director of Singapore based Ezra Holdings Limited says two just-announced contract wins worth up to US$120 million demonstrate the group's "twin engines of growth in offshore support and subsea construction.""Along with our recent Statoil contract we have boosted the Group's backlog to a record of approximately US$1.6 billion and have built a solid fo ...

OSX Brasil S.A. reports that subsidiary OSX Construção Naval S/A has received a  $227.9 million disbursement under a bridge loan entered into with the Brazilian Economic and Social Development Bank (BNDES), for the funding of the construction of its Açu Shipbuilding Unit, which began July 2011, at the Açu Industrial Complex in the City of São João da Barra, in the Northern r ...