Norway’s DOF Group, which has a fleet of more than 60 offshore service vessels, now faces either a forced restructuring under the Norwegian Reconstruction Act, or bankruptcy. At an extraordinary general meeting
Houston-headquartered offshore services giant Tidewater Inc. (NYSE:TDW) has released third quarter results that see it report positive net income for the first quarterly period since 2017. “Our third quarter performance reinforces our
Indonesia’s Wintermar Offshore Marine Group reports that it has booked a contract valued at $22 million that will see it supply two Anchor Handling Tug Supply vessels to support production off the
Offshore services giant Tidewater Inc. (NYSE: TDW) reported results for the quarter ending March 31, 2021, that still showed a lot of red ink. But, in a sign that it may see
Offshore services major Tidewater Inc. (NYSE: TDW) has named Sam Rubio as Chief Financial Officer and David Darling as Chief Operating Officer. “The leadership and ingenuity these two individuals have demonstrated by
An agreement with mobile satellite communications leader Inmarsat has seen offshore services major Tidewater Inc. advance its digitalization strategy by upgrading the majority of its active fleet to the Fleet Xpress mobile
French offshores services leader Bourbon Maritime says that its recovery plan and a conciliation protocol signed with its creditors were validated on December 14 by the Commercial Court of Marseilles. Bourbon says
“We are executing on the plan we laid out on the first quarter call after reassessing our business outlook as a result of the pandemic,” said Quintin Kneen, President and CEO of
The National Ocean Industries Association (NOIA) and the Offshore Marine Service Association (OMSA) yesterday concluded a three-day webinar series that brought together offshore energy leaders and elected officials to discuss the outlook
Offshore services giant Tidewater Inc. (NYSE:TDW) yesterday reported revenue for the three and six months ended June 30, 2020, of $102.3 million and $218.7 million, respectively compared with $125.9 million and $248.0