offshore

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Idled rigs hinder Transocean’s 2015 earnings

NOVEMBER 19, 2014—Equity research firm Cowen and Company says publicly traded offshore drilling contractor Transocean’s November Fleet Update Summary has “negative implications for the stock.” Traded on the New York Stock Exchange

Harvey Gulf expands into Mexico

OCTOBER 11, 2014 — New Orleans headquartered Harvey Gulf International Marine, LLC has established Harvey Gulf International Marine de Mexico S.A.P.I. de C.V. “We recognize the growth potential in the Mexican market

Keppel FELS wins $227 million jack-up order

SEPTEMBER 16, 2016 — Singapore’s Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured a contract from Gulf Drilling International Ltd. (q.s.c.) of

Vard orders Rolls-Royce equipment for Rem OCV/AH

SEPTEMBER 12, 2014 — Rolls-Royce has won a £19 million contract from shipbuilding group Vard to deliver deck machinery, propulsion and engines for the offshore construction and anchor handling vessel (OCV/AH) ordered

Sembcorp Marine acquires SSP Offshore assets

SEPTEMBER 10, 2014 — Singapore headquartered Sembcorp Marine reports that its wholly-owned subsidiary Jurong Shipyard Pte Ltd has signed a sales and purchase agreement with SSP Offshore to acquire substantially all its

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Samsung Heavy in merger with Samsung Engineering

SEPTEMBER 1, 2014 — Korean shipbuilding giant Samsung Heavy Industries has officially announced that it will merge with Samsung Engineering Co., Ltd, the first and largest engineering company in Korea. Samsung Heavy

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HOS OSVs win Navy contract

SEPTEMBER 1, 2014 — Hornbeck Offshore Services, LLC, Covington, Louisiana, is being issued a $19,754,900 modification under a previously awarded firm-fixed-price contract (N00033-08-C-2007) to exercise a 180-day option to extend services for

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ABS opens Beijing office

AUGUST 26, 2014 — Classification society ABS is opening a new office in Beijing, China. It says the new office will allow further collaboration with government, industry, academic institutions and research organizations