Marseille, France, headquartered offshore services giant Bourbon has signed a contract committing more than 100 offshore support vessels to Inmarsat’s Fleet Xpress maritime broadband service. The deal is a breakthrough offshore services
New Orleans headquartered Harvey Gulf International Marine said today that it increased EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) by 33% in the third quarter. The privately-owned company attributed the increase
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
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.
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
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
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
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
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 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