HHI to sign $700 million contract for huge spar platform

JULY 18, 2012 —Korea’s Hyundai Heavy Industries (HHI) recently was awarded a Letter of Intent (LOI) to construct the spar hull for a gas production platform from Statoil in a consortium with

Bourbon gets EUR 420 million financing to fund newbuilding spree

JUNE 21, 2012 — Paris-headquartered offshore marine services giant Bourbon has secured EUR 420 million in new financing to support its growth and finance its investment program for new vessels. The financing

Deepwater blowout exercise to be conducted this summer in GOM

MAY 25, 2012—This summer, the Marine Well Containment Company (MWCC), Houston, TX, will conduct a live drill to deploy its new capping stack well control equipment in the Gulf of Mexico as

Inace Shipyard delivers Brazilian fast supply vessel

Brazil’s Inace Shipyard recently delivered the Siem Carajas, a 50m fast supply vessel (FSV), to Siem Consub. Designed by Guido Perla & Associates, Seattle, WA, the 50-meter by 10-meter Siem Carajas is

Tidewater reports “unexpected developments” in Angola JV negotiations

Offshore services giant Tidewater Inc. (NYSE: TDW) reports “unexpected developments” in its negotiations with Angolan national oil company Sonangol on Sonatide, the joint venture with Sonangol in which Tidewater has a 49

BSEE names Chief of Offshore Regulatory Programs

Doug Morris, the newly appointed Chief of Offshore Regulatory Programs at the Bureau of Safety and Environmental Enforcement (BSEE) is a veteran whose resume includes working in industry as a petroleum engineer

Swiber Holdings order book soars past $1 billion mark

Singapore’s Swiber Holdings Limited has secured recent contract wins amounting to approximately US$69.0 million including extension options, taking its order book to over US$1 billion, the highest by far in its corporate

Salazar names Bromwich and Beaudreau to lead new offshore bureaus

Secretary of the Interior Ken Salazar today named current Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) Director Michael R. Bromwich to lead the newly formed Bureau of Safety and Environmental