Oil & Gas

MARCH 9, 2017 — Paris headquartered offshore services provider Bourbon reports that it has signed an agreement with its financial partners providing for the rescheduling of the maturities of a large part of its financial…
MARCH 8, 2017—The final six in a series of twelve 48m DP-1 monohull Fast Supply Vessels (FSVs) were recently delivered by Brazilian shipyard ETP Engenharia for operation in Brazil, according to the vessels’ designer Australia’s…
MARCH 8, 2017 — Figures from VesselsValue indicate that the oversupply of vessels in the offshore services industry is set to get a lot worse. VesselsValue says that 2017 will be a record year for…
FEBRUARY 28, 2017 — DOF ASA has sold its 71.9 m UT755L PSV vessel Skandi Waveney, delivered by the shipyard in 2001, to a company outside Norway and not engaged in the offshore oil service…
FEBRUARY 27, 2017 — Norway's Farstad Shipping ASA has been awarded a number of charter contracts that, says CEO Karl-Johan Bakken, show its ability to to efficiently and safely return vessels from lay-up and put…
FEBRUARY 25, 2017—Over the next five years, international environmental regulations will have a major impact on the tanker market, according to a recent report by marine transport advisors McQuilling Services, LLC. In its latest Tankers…
FEBRUARY 21, 2017 — McDermott International, Inc. (NYSE:MDR) has emerged as the new owner of the former flagship of the now defunct U.K. SURF and heavy subsea construction contractor Ceona. When news of Ceona's liquidation…
FEBRUARY 20, 2017 — Brazil's Arpoador Shipyard has delivered the Oceanicasub V, the second of two Incat Crowther designed 43 m monohull subsea dive support vessels (SDSV) owned and operated by Oceanica of Rio de…
FEBRUARY 16, 2017 — The Coast Guard rescued four crew members aboard a lift boat, the Superior Trust, as it became unstable near Southwest Pass, Louisiana, yesterday. Coast Guard Sector New Orleans watchstanders received a…
FEBRUARY 12, 2017 —Trinidad Offshore Fabricators Unlimited (TOFCO) recently completed work for the Juniper offshore gas platform topsides at its facility in La Brea, Trinidad. The project is the largest offshore structure ever fabricated in…
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