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
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
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
John Fredriksen’s Seadrill says it continues to see strong demand for modern ultra-deepwater drilling rigs driven by high oil prices and large deep-water discoveries and increased development drilling. Specific interest, mainly from
Cargotec has established a new offshore service center in Houston, Texas, which provides repair, upgrades and systems modernisations for rigs, vessels and platform operators. The center has a hydraulic test bed, which
Kurt Mix, a former engineer for BP plc, was arrested April 24 on charges of intentionally destroying evidence requested by federal criminal authorities investigating the April 20, 2010, Deepwater Horizon disaster, announced
Rolls-Royce is to design, power and equip the advanced UT 737 CD subsea construction vessel ordered from STX OSV last month (see earlier story) by Island Offshore, in which the Chouest and
Dean Taylor (L) is to be succeeded as President and CEO of Tidewater Inc. (NYSE:TDW) by Jeffrey M. Platt (R). Mr. Taylor, who has held his present position with the offshore services
TTS Group ASA has agreed to sell its drilling equipment business, a part of TTS Energy Division, and relevant subsidiaries, to Cameron International Corporation (NYSE: CAM) for $270 million, plus a turnover
Cheniere Energy Partners, L.P. (NYSE Amex: CQP) reports that its subsidiaries, Sabine Pass Liquefaction, LLC and Sabine Pass LNG, L.P. have received authorization from the Federal Energy Regulatory Commission (“FERC”) to site,