Oil & Gas

HOS earnings disappoint analysts

FEBRUARY 20, 2014 — Shares in Covington, LA, headquartered Hornbeck Offshore Services, Inc. (NYSE:HOS) were trading lower today after it reported a fourth quarter earnings increase that fell below analysts’ expectations. Net

Wärtsilä pumps picked for Mariner FSU

FEBRUARY 14, 2014 — Wärtsilä is to supply a range of pumping solutions for a new Floating Storage Unit (FSU) that South Korean shipbuilder Samsung Heavy Industries (SHI) is building for Statoil

New player orders jack-up trio at Keppel FELS

FEBRUARY 13, 2014 — Singapore’s Keppel FELS shipyard a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured contracts to build three high-specification KFELS B Class jack-up rigs worth

Vard books repeat order at Vietnam yard

FEBRUARY 11, 2014 — Vard reports that it has secured a second platform supply vessel order from Carlotta Offshore Ltd. Like the first, ordered in September 2013, the vessel will be be

Petrobras approves more OSV contracts

FEBRUARY 10, 2014 — Brazilian national oil company Petrobras reports that its Executive Board has approved the contracting of eight support vessels for its offshore activities. They are part of the third