Oil & Gas

AUGUST 21, 2015 — Netherlands shipbuilder Royal IHC has launched Sapura Rubi, its fifth 550 t pipelaying vessel for Sapura Navegação Marítima S.A. in a ceremony at it shipyard in Krimpen aan den IJssel. The…
AUGUST 19, 2015 — The Department of the Interior's Western Gulf of Mexico Lease sale drew just $22,675,212 in high bids for tracts on the U.S. Outer Continental Shelf offshore Texas. Just five companies submitted…
AUGUST 19, 2015 — Singapore based Ultra Deep Group (UDS) has signed a further contract with shipbuilder China Merchants Heavy Industry. It covers the construction of one Ultra Deep Installer – Multipurpose Diving Support Construction…
AUGUST 17, 2015—Protesters who temporarily blocked the entry of the MSV Fennica from reaching Vigor Industrial's Portland, OR, shipyard for repairs could face civil penalties up to $25,000 each, says the U.S. Coast Guard. The…
AUGUST 17, 2015—What company has the Highest Value Whole Gas (either LNG or LPG) shipping fleet? According to VesselsValue.com, that honor belongs to Teekay LNG Partners, with 37 vessels and a capacity of 6,105,598 cubic…
AUGUST 11, 2015—Amid the challenging oil market conditions, offshore support vessel owner Tidewater Inc., New Orleans, LA, reported a first quarter net loss for the period ended June 30, 2015, of $15.1 million, or $0.32…
AUGUST 10, 2015—South Korean shipyards are market leaders for construction of floating and fixed offshore oil and gas installations. They are world-class competitively, but even greater savings could result from addressing variations in owner, operator…
AUGUST 8, 2015—Tanker demand for crude and residual fuel products is expected to increase by 2.5% in 2015 from year ago levels as a reduction in oil prices and improving refining economics have stimulated demand,…
AUGUST 7, 2015—Inspectors from the U.S. Department of Interior’s Bureau of Safety and Environmental Enforcement (BSEE) are keeping a sharp eye on Shell’s “top-hole” drilling operations being conducted off of Alaska in the Chukchi Sea.…
AUGUST 6, 2015 — Paris headquartered offshore services giant Bourbon reported record first half 2015 adjusted revenues of €758.8 million, a 13.1% increase on the equivalent period last year, but down 6.8% on second half…
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