Gulf Marine Services said on Wednesday Chief Executive Officer Duncan Anderson has resigned as the oilfield industry contractor warned a reassessment of its ships and contracts showed profit would fall this year, kicking its shares 12% down…
Heavy lift shipping and offshore transportation and installation contractor Jumbo said it has partnered with marine biofuel company GoodFuels in a joint venture initiative to test marine biofuel oil on board a DP2 heavy lift crane vessel during an offshore decommissioning project…
In July 2017, with overall debts totaling about $1 billion, Gregory Callimanopulus led Toisa Ltd was forced into selling off its entire fleet. What followed was one of the largest and most systematic selloffs in offshore history, and for the…
Two providers of subsea and well intervention solutions, China based offshore and subsea solutions company COOEC Offshore and oilfield services company Expro, have formed an alliance agreement to expand capabilities and resources.COOEC Offshore…
Norwegian vessel provider DOF Subsea has been awarded a contract to decommission subsea infrastructure within the UK Continental Shelf (UKCS).The Oslo-listed subsea operating company said in a press note that the contract in the decommissioning…
Norwegian flotel player Prosafe said that the utilization of its offshore accommodation rigs reaching the highest level in almost four years.Prosafe lifted fleet utilisation significantly in the second quarter of 2019 was 71.6 per cent (Q2 2018: 45…
Norwegian offshore service and supply ship shipping company Solstad Offshore and Mexican company Subtec S.A have agreed to extend the contract for the construction support vessel (CSV) Far Sentinel with two-and-a-half-years.The 142-meter CSV…
Guyana, located on the northern mainland of South America and nestled between Venezuela and Suriname, has become one of the most exciting regions within the oil and gas industry over the last few years. ExxonMobil has invested heavily in the…
Dutch offshore contractor Heerema Marine Contractors said on Friday it has been assigned to help build the first and largest commercial offshore wind farm in the United States.Situated 14 miles off the coast of Massachusetts, the 800-megawatt…
The world's largest semi-submersible crane vessel will embark this week on its 45-day maiden voyage to Spain.Dutch firm Heerema Marine Contractors’s newest vessel Sleipnir, built by Sembcorp Marine in Singapore, is designed to work on large offshore projects such as installing and removing jackets…
Offshore services firm Subsea 7 announced it has won a contract from Equinor for installation and diving operations on the Europipe II, Heimdal and Statfjord (EHS) fields, located in the Danish and Norwegian sectors of the North Sea.The deal is worth between $50 million and $150 million…
Norwegian shipping company GC Rieber Shipping has been awarded a six-month charter for its Construction Support Vessel Polar Queen.The operator of offshore subsea support vessels, marine seismic vessels and polar logistics and research expeditions…
The subsea services provider to the oil and gas industry Rever Offshore continued to consolidate its North Sea presence, announcing the successful completion of three standalone contracts for energy major, Total E&P UK.The UK-based company said…
It's true that the offshore vessel market is still suffering, but that's not to say there aren't glimmers of positivity.Asset values remain at historic lows throughout much of the offshore sector, but the anchor handler market has been hit hardest…
The world's largest crane vessel, Sleipnir, has completed sea trials and crane load tests, the vessel’s owner Heerema Marine Contractors announced on Friday.The new $1.5 billion semi-submersible crane vessel was built by Singapore's Sembcorp…
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