Oil & Gas
Gjerdsvika, Norway, headquartered Sanco Shipping AS has declared an option for a second 889.m x 21.5 m seismic vessel to be built at Kleven Maritime's Myklebust Verft shipyard in Norwy. The vessel, to be named…
Nigel McCue, CEO of U.A.E based Lamprell, says that a $227 million order from "a highly valued customer" for a LeTourneau Super 116E jack-up rig "further evidences the sustained demand for these rigs and the…
Covington, LA-based Hornbeck Offshore Services, Inc. (NYSE:HOS) reports results for the first quarter ended March 31, 2012 that included an increase in revenues of 66.0 percent to $120.0 million compared to $72.3 million for the…
Dockwise Ltd. says it "has engineered the most innovative semi-submersible heavy-lift vessel in history and redefined the limits of heavy marine transport with the design of the Dockwise Vanguard. Additionally, the Dockwise Vanguard has opened…
Classification society DNV has issued a new dedicated rule book for self-elevating units to guide designers and shipyardss. The rule book clearly explains the DNV and international regulations and standards.   Adaptations from the traditional…
Tanker giant Overseas Shipholding Group, Inc. (NYSE: OSG) reports results for the first quarter of fiscal 2012 ended March 31, 2012.that saw TCE (time charter equivalent) revenues of $214.0 million, an increase of $7.4 million,…
Cummins Inc. (NYSE: CMI) plans to produce dual fuel engines from 800 hp to 3500 hp (597-2610 kW) for high-horsepower markets. The first in the product portfolio, QSK50 Tier 2 for oil and gas well…
John Fredriksen's Seadrill says it continues to see strong demand for modern ultra-deepwater drilling rigs driven by high oil prices and large deep-water discoveries and increased development drilling. Specific interest, mainly from operators in West…
Cargotec has established a new offshore service center in Houston, Texas, which provides repair, upgrades and systems modernisations for rigs, vessels and platform operators. The center has a hydraulic test bed, which enables the repair…
Kurt Mix, a former engineer for BP plc, was arrested April 24 on charges of intentionally destroying evidence requested by federal criminal authorities investigating the April 20, 2010, Deepwater Horizon disaster, announced Attorney General Eric…
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