Topic: Offshore

French banks want to buy troubled Bourbon

A group of French Banks have placed a takeover offer to buy the also French and insolvent OSV giant Bourbon. The financially troubled company this morning asked Euronext Paris to suspend the listing of its...Read more
|Comment|author: Tobias Pieffers

Sleipnir’s mighty cranes require mighty parts

Pintsch Bubenzer has installed a new type of brake on the two 10,000-metric ton cranes of Heerema’s Sleipnir, the world’s new largest crane vessel. The manufacturer claims it provides 35% more torque than other brakes...Read more
|Comment|author: Tobias Pieffers

Baker Hughes sees LNG orders increase by 32%

General Electric’s oil field services provider Baker Hughes beat expectations for the second quarter thanks to strong growth in the LNG market. The company booked USD 6.6 billion in orders and recorded an operating income...Read more
|Comment|author: Tobias Pieffers

Pioneering Spirit removes another topside

The Pioneering Spirit has removed another platform topside. With a weight of 3,800 tons, the Valhall QP topside is the lightest one yet.  The Valhall QP platform removal is the first job for Allseas under a...Read more
|Comment|author: Tobias Pieffers

Norway raises oil and gas expectations

Norwegian investments in the oil and gas industry will be higher than expected in 2019. Statistics Norway has raised its expectations by 6% to USD 21.1 billion. The upward adjustment follows the expansion of two new...Read more
|Comment|author: Tobias Pieffers

Heerema launches new decommissioning company

Together with Decom Energy and AF Offshore Decom, Heerema Marine Contractors has launched a new company for the offshore decommissioning of platforms called Fairfield Decom.  “Through this bold step, a unique late-life operations and decommissioning operator...Read more
|Comment|author: Tobias Pieffers

Rhenus Logistics continues American shopping spree

Rhenus has acquired the Miami-based international freight forwarder Freight Logistics. The takeover follows prior acquisitions in Brazil and Canada, all aimed at strengthening Rhenus’ position in the Americas.   Freight Logistics was founded in 2001 in the...Read more
|Comment|author: Tobias Pieffers

DEME integrates offshore services

Belgian offshore group DEME has integrated its subsidiaries GeoSea, Tideway, A2Sea and EverSea into DEME Offshore to form a more ‘agile organisation’.  By integrating all of our offshore activities, expertise and capabilities into a more agile...Read more
|Comment|author: Tobias Pieffers