GulfMark sees “early signs of encouragement”

JULY 27, 2016 — Houston headquartered GulfMark Offshore, Inc. (NYSE:GLF) has reported results of operations for the three- and six-month periods ended June 30, 2016. For the quarter, revenue was $30.5 million,

Keppel Shipyard books four contracts

JULY 7, 2016 — Singapore’s Keppel Shipyard has secured four contracts worth a total of about S$120 million (about US$ 89 million from repeat customers. The first is from BW Catcher Limited,

Offshore companies ink MOU on engineering standards

MAY 18, 2016 — McDermott International, Inc. (NYSE:MDR) reports that it and 14 other leading offshore companies have signed a Memorandum of Understanding (MOU) to establish engineering industry standards. Known as the

Singapore’s Kim Heng inks $452 million Iran MOU

MAY 14, 206 —Singapore listed Kim Heng Offshore & Marine Holdings Limited reports that a wholly-owned subsidiary has entered into a non-binding memorandum of understanding with the Iran Marine Fund to explore

OSHA clarifies maritime offshore reporting rules

APRIL 19, 2016 — The U.S. Department of Labor’s Occupational Safety and Health Administration is reminding employers that the agency covers safety and health conditions not specifically covered by the U.S. Coast

Industry cautious on well control final rule

APRIL 15, 2015 — Six years after the Deepwater Horizon explosion, the Bureau of Safety and Environmental Enforcement has announced final well control regulations to reduce the risk of an offshore oil

Rem Offshore reports termination of CSV charter

APRIL 4, 2016 —Fosnavag, Norway, headquartered Rem Offshore reports that the charter party for the CSV vessel Rem Poseidon between subsidiary Rem Ship AS and Bahrain-basednAdams Offshore has been terminated due to

Bourbon to acquire Jaccar ethane activities

MARCH 29, 2016 — Paris headquartered offshore services giant Bourbon, which is 47.8% owned by Jaccar Holdings, is reinventing itself, or being reinvented. It is to acquire various ethane transportation activities currently

Tidewater draws $600 million maximum from revolver

MARCH 16,2016 — Offshore services giant Tidewater Inc. (NYSE: TDW) reported yesterday that it has borrowed $600 million under its revolving credit facility, the maximum amount available under the facility. The funds

Racking up 2015 loss, Vard unveils new strategy

FEBRUARY 29, 2016 — Reporting a net loss of NOK 1.29 billion ($148 million) for FY2015, the heavily offshore focused Vard Holdings today announced a diversification strategy aimed at preserving its core

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