Oil & Gas

Island Offshore in financial restructuring move

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

Oceanteam settles IP suit out of court

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

Sete woes help push Sembcorp Marine into loss

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