Tidewater board elects Larry Rigdon as its Chairman
Tidewater Inc. (NYSE: TDW) has elected Larry T. Rigdon as Chairman of its Board replacing Dr. Thomas R. Bates, Jr., who recently resigned from the board, as did Steven L. Newman. The
Oil & Gas
CBP Jones Act proposals could have big impact on U.S. offshore
On October 23, 2019, U.S. Customs and Border Protection proposed substantial changes to its interpretations of the Jones Act that will affect both the offshore oil and gas and offshore wind industries.
Viking Supply buys two under-construction PSVs
Apparently tempted by a bargain deal, Sweden’s Viking Supply Ships AB has partnered with funds managed by Borealis Maritime to purchase two under-construction platform supply vessels. In addition to taking partial ownership
Giant Saudi shipyard licensed to build new GustoMSC jack-up design
Saudi Arabia’s International Maritime Industries (IMI) has signed a license agreement with GustoMSC that will enable it to construct and deliver drilling rigs built to a new GustoMSC jack-up design. International Maritime
Wärtsilä wins two battery hybrid OSV upgrade contracts
Norwegian offshore service vessel operator Atlantic Offshore has contracted Wärtsilä to engineer, supply, and install complete battery hybrid packages in two of its supply vessels. The upgrade project will be carried out
Bourbon: Banks make takeover offer
A company owned by a group of French banks has made a takeover offer for Bourbon Corporation. As we reported earlier, the offshore services giant sought restructuring protection from the Marseilles Commercial
Laborde Marine adds two crewboats to managed fleet
New Orleans based Laborde Marine Management, LLC has assumed the management of two crewboats owned by Boat Services of Galveston, LLC, effective October 1. With the addition of the 150 ft Ms,
Transocean rig is world’s first hybrid floating drilling unit
Transocean Ltd. (NYSE: RIG) reports that it has successfully deployed the world’s first hybrid energy storage system aboard a floating drilling unit. The system is now operational on the Transocean Spitsbergen, engaged
Heads roll at Tidewater
Houston headquartered offshore services specialist Tidewater Inc. (NYSE: TDW) announced today that it has reached agreements with Jeffrey A. Gorski, Executive Vice President and Chief Operating Officer, and Bruce D. Lundstrom, Executive
Topaz signs PSV up for extended drydocking scheme
Dubai headquartered OSV specialist Topaz Energy and Marine has entered its 2012-built, 79.4 m long platform supply vessel Caspian Voyager into the ABS Extended Dry-Docking (EDD) scheme. The program will extend the