Oil & Gas

FEBRUARY 24, 2016 — Responding to a press report, Island Offshore Shipholding L.P., in an Oslo Stock Exchange announcement today confirmed "that agreement in principle on the terms of a proposed restructuring has been reached…
FEBRUARY 22, 2016 — McDermott International, Inc. (NYSE:MDR) says that the first work for its new flagship derrick lay vessel, the DLV 2000, will be on the INPEX Ichthys LNG Project offshore Western Australia. The…
FEBRUARY 18, 2016 — ABB is to supply the power, propulsion and energy storage solution for what it describes only as "two of the most innovative vessels operating in the offshore oil and gas sector."…
FEBRUARY 18, 2016 — McDermott International, Inc. (NYSE:MDR) plans to name its new flagship derrick lay vessel, the DLV 2000, in a ceremony at Keppel's Singmarine Shipyard in Singapore on Thursday, April 14, 2016. The…
FEBRUARY 15, 2016 — Norwegian operator Oceanteam reports that it has reached an out of court settlement over an intellectual property infringement case that it filed against ship design specialist Sawicon AS in 2011 in…
FEBRUARY 15, 2016 — Singapore based Sembcorp Marine posted a 2015 net loss of Singapore $290 million (US $207.3 million) on revenues of Singapore $4.97 billion, down 15% from FY 2014’s Singapore $5.83 billion. The…
FEBRUARY 12, 2016 — New Orleans headquartered Harvey Gulf International Marine has opened the first marine LNG fueling terminal in North America. Less than one year after taking delivery of Ameica's first LNG fueled vessel,…
FEBRUARY 12, 2016 — Japan's shipbuilder Mitsui Engineering & Shipbuilding Co., Ltd. (MES) is facing a $95 million loss on the four 306 ton bollard pull Ulstein SX157 design ocean going AHTS that subsidiary Niigata…
FEBRUARY 3, 2016 —In what its Vice President, R&D and Technology, Baard Trondahl Alsaker calls "an important advance for handling loads at depth," Cargotec Corporation's MacGregor subsidiary and Parkburn Precision Handling Systems have entered into…
FEBRUARY 2, 2016—Zentech Incorporated, Houston, TX, has signed contracts with China’s CSSC Huangpu Wenchong Shipbuilding Company Limited for the construction of two Z-210 Mobile Offshore Units. These contracts were finalized based on the Letter of…
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