Oil & Gas

Rough ride for Petrobras-exposed offshore drillers

JUNE 23, 2015—Investment banker Cowen and Company remains cautious on its outlook for shares of stocks of Petrobras-exposed offshore drillers, expecting “significant CAPEX cuts will keep activity offshore Brazil subdued through the

Tidewater sells 1999-built crew/supply boat

JUNE 17, 2015 — Marcon International, Inc, Coupeville, WA, reports that Tidewater Marine International Inc. has sold its 1999-built crew/supply vessel Merlin Tide to private European operators for continued operation in oilfield

Austal wins another crew boat contract

JUNE 16, 2015 — Austal Limited (ASX:ASB) has secured a further offshore vessel contract. It covers the construction of one 57.6 m High Speed Catamaran Crew Boat for an undisclosed operator based

ABS to class Baoham Offshore newbuilds

JUNE 16, 2015 — ABS is to class a drilling semisubmersible and a liftboat for Baoham Offshore (HK) Ltd. Baoham already has one ABS classed liftboats under construction and the two newbuilds

Lewek Constellation sets pipelay record

JUNE 8, 2015 — EMAS AMC, the subsea division of offshore contractor EMAS, reports that its flagship subsea construction vessel, Lewek Constellation, has established an industry record for pipelay in the U.S