offshore

McDermott books Arabian Gulf EPCI contract

MARCH 6, 2014 — McDermott International, Inc. (NYSE: MDR) reports that a subsidiary has been awarded a large engineering, procurement, construction and installation (“EPCI”) project by an operator in the Arabian Gulf.

Petrobras approves more OSV contracts

FEBRUARY 10, 2014 — Brazilian national oil company Petrobras reports that its Executive Board has approved the contracting of eight support vessels for its offshore activities. They are part of the third

Another HOS OSV makes a splash at Eastern

FEBRUARY 5, 2014 — Eastern Shipbuilding Group’s Allonton Shipyard, Panama City, FL, last month launched the sixth of twelve offshore service vessels it is building for Hornbeck Offshore Services. The vessel, the

Farstad OCVs to be Rolls-Royce DP3 equipped

JANUARY 29, 2014 — Rolls-Royce has signed a contract with shipbuilding group Vard that will see its latest DP3 dynamic positioning system installed on two new offshore construction vessels on order for

Outlook positive for offshore, but tighter CAPEX

JANUARY 23, 2014—Amid a positive outlook for the offshore oil and gas industry in 2014, senior oil and gas professionals are forecasting tighter monitoring of capital expenditures (CAPEX) this year, according to

Accommodation vessel ready for Brazil

JANUARY 22, 2014—Marine Assets Corporation, headquartered in Dubai, UAE, recently handed over the Compact Semi-Submersible (CSS) Olympia, a DP-3 Accommodation Vessel, to Brazil’s Gran Energia. The accommodation vessel will go to work

Beacon Group orders ice class rig

JANUARY 17, 2014—Beacon Holdings Group has ordered a harsh environment ice class semi-submersible GM4-D rig from offshore rig builder Yantai CIMC Raffles that will be delivered in the fourth quarter of 2016.