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
Bourbon Offshore vessel sinks in Atlantic, 11 crew still missing
Eleven crew members from the tug supply vessel Bourbon Rhode are still missing, after the vessel sank in the Atlantic ocean. The ship was en route to Georgetown in Guyana when it got hit by...Read more
Heerema’s Sleipnir sets new world record lifting 15,300 tonnes
Heerema has set a new world record lifting a module of 15,300 tonnes with its new heavy-lift vessel Sleipnir. Such a load has never been lifted by a crane vessel before. The record was set while...Read more
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
Maersk’s new decommissioning business lands first gig
Maersk’s new offshore decommissioning business, Maersk Decom, has secured its first commercial contract. Perenco has booked the company to remove and recycle the subsea infrastructure of its Thames field in the UK North Sea. The project...Read more
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
“Offshore project sanctioning ready to reach heights not seen since the USD 100 barrel of oil”
Offshore project sanctioning in the oil and gas industry has already surpassed the USD 50 billion mark in 2019, nearing the investment level of 2014. “This is yet another signal that the offshore industry has...Read more
DP World acquires offshore giant Topaz Energy for USD 1 billion
DP World has bought offshore logistics provider Topaz Energy and Marine for USD 1,079 million. With the acquisition, the Saudi-Arabian terminal operator wants to strengthen its position in maritime logistics services and explore new business...Read more
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
Blue Water readies for growth in Caspian region
Blue Water Shipping has expanded its presence in Kazakhstan with a new office in Atyrau. With the expansion, the company strengthens its presence in the Caspian region which is important for its oil and gas...Read more
First LNG cargo shipped from Shell’s Prelude project
Shell today announced that the first shipment of liquefied natural gas has sailed from its enormous Prelude FLNG production facility, that is located 475 kilometres North East of Broome in Western Australia, in a region...Read more
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
Sikorsky wins USD 1.1 billion US Navy contract for 12 heavy-lift helicopters
Helicopter manufacturer Sikorsky has won a USD 1.13 billion deal from the U.S. Navy to build 12 CH-53K heavy lift helicopters. The latest version of this aircraft, called the King Stallion, can lift up to...Read more
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
MacGregor completes first fibre-rope offshore crane
Cargotec subsidiary MacGregor says it has completed the construction of the first fibre-rope offshore crane to enter the market. According to the company, the new crane enables users to exploit its full lifting capacity in...Read more
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
TechnipFMC wins North Sea EPCI-contract of at least $250 million
TechnipFMC has been awarded a “substantial” EPCI-contract from Neptune Energy for the Duva and Gjøa P1 projects, located in the Norwegian sector of the North Sea at a water depth of 375 meters. The contract covers...Read more
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