Oil & Gas
IHC Offshore & Marine, part of IHC Merwede, has signed two contracts with Malaysian offshore operator SapuraCrest for the design, engineering and construction of two new 550 t pipelaying vessels. A third contract has been…
Houston-headquartered offshore drilling contractor Rowan Companies, Inc. (NYSE: RDC) today announced a plan that would see the company's legal domicile change from Delaware to the United Kingdom (U.K.). Rowan says that the offshore drilling industry…
Two companies controlled by John Fredriksen are splashing out with newbuilding orders at Korean shipbuilder Samsung Heavy Industries Co. Ltd. Golar LNG Limited has entered into firm contracts with Samsung for a further two LNG…
With rising U.S. gas prices and uncertainty in the Strait of Hormuz, operators of U.S.-flag tankers are worried that a drawdown of the U.S. Strategic Petroleum Reserve could be accompanied by a spate of Jones…
A ship built as a Swedish America Line transatlantic liner has become a luxury floating hotel. Now the Veronica Duqm, the ship is owned and operated by DSME (Daewoo Shipbuilding & Marine Engineering) Oman LLC;…
Seacor Marine LLC, a subsidiary of Seacor Holdings Inc. (NYSE: CKH), has reached an agreement with Superior Energy Services LLC. to purchase 18 liftboats for $134 million, plus working capital. The transaction is expected to…
ABB has won an order from Norwegian shipowner Myklebusthaug Management to supply the first ever direct current (DC) power grid on board a ship. The equipment will allow a new offshore platform support vessel, under…
Spain's Empresa Naviera Elcano, S.A. has placed an order for two medium-speed MAN L27/38 engines as part of a propulsion package for a 7,000-dwt asphalt and oil-products tanker to be built at Sedef Shipyard in…
Offshore Ship Designers has won design contracts for ten large diesel-electric Platform Supply Vessels for two major offshore operators building at three shipyards in Brazil, Japan and Spain.Swire Pacific Offshore Operations (Pte) Limited has ordered…
Covington, La., headquarted Hornbeck Offshore Services, Inc. (NYSE: HOS) announced results for the fourth quarter ended December 31, 2011 that included soaring revenues, operating income and net income. The strong quarter, however, was not enough…
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