Oil & Gas
Paris-headquartered offshore services giant Bourbon reports that Jaccar Holdings SA has acquired 945,000 additional shares in Bourbon. This takes Jaccar's stake in Bourbon from 24.6 percent to 26.04 percent of the capital and 25.7 percent…
Wärtsilä is to supply the power and positioning system for the two new Cat D offshore drilling rigs being built for Songa Offshore AS at the Daewoo Shipbuilding and Marine Engineering Co.Ltd (DSME) shipyard in…
Singapore based offshore services specialist Otto Marine Limited has issued a profit warning about the financial results of the company and its subsidiaries for the financial year ended December 31, 2011.The group is expected to…
Rolls-Royce has been awarded two contracts to design and equip seven vessels for Brazilian shipowner Navegação São Miguel Ltd. The contracts, for four oil spill recovery vessels and three bunker tankers, are worth GBP 23…
Norway's Ulstein Verft has delivered M/V Blue Fighter to Blue Ship Invest, another company within the Ulstein Group. The ship is the first of two medium-sized platform supply vessels (PSV) of Ulstein's new PX121 design."The…
The second of two advanced Rolls-Royce designed UT 788 CD AHTS being built by China's Wuchang Shipbuilding Industry Co. has grounded in a shipyard incident.. Its sister vesse (pictured here) was successfully launched in November…
Both Singapore-listed STX OSV and its majority shareholder, Oslo-listed STX Europe, have moved to downplay media reports suggesting that a sale of the company is imminent -- likely to either Keppel or Sembawang.Today, STX OSV…
Mr. W. van der Velde, Chief Technical Officer of Seaway Heavy Lifting and Mr. A.A .Kromhout, Managing Director of IHC Offshore Systems, were all smiles when they signed a recent "hush hush deal." Under it,…
Hercules Offshore (NASDAQ: HERO) reports that the Mako, a 175ft class liftboat operating in Nigeria, was engulfed by a fire that originated on a third-party rig, the KS Endeavor, during the early morning hours on…
Sweden's Rederi AB TransAtlantic (STO:RABTB) has taken delivery of Brage Viking, the fourth in a four vessel AHTS series from Spanish shipbuilder Astilleros Zamakona S.A. The vessel will be flagged up in the Danish register…
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