Total awards Bourbon logistics contract in Namibia
Total E&P Namibia has selected Bourbon Marine & Logistics to support a deep offshore exploration campaign in South Namibia in 2020. The contract is a welcome addition for the financially struggling company which recently suspended...Read more
Media: Saipem and Subsea 7 consider merger
Saipem and Subsea 7 are considering to merge to weather the still difficult circumstances in the oil and gas services market. If the deal goes through, it would create the fourth-largest oilfield service company, after...Read more
G2 Ocean continues expansion of project cargo business
G2 Ocean has opened a new office in Hamburg to gain a stronger market position and benefit from the increased demand for project cargo services. “Germany is the manufacturing and engineering capital of Europe and...Read more
Saipem sets new local lift record in Gulf of Mexico
PRESS RELEASE – On October 7, the Saipem 7000, one of the largest crane vessels in the world, set a new local heavy lift record of 11,100-ton for the Gulf of Mexico. The previous local record...Read more
Kvaerner reports high revenues but warns for lower rates in 2020
Norwegian EPC-contractor Kvaerner has booked high revenue and order intake in the third quarter of 2019. However, CEO Karl-Petter Løken warns of a poorer year ahead. Kvaerner’s revenue increased sharply from USD 185 million in the...Read more
TechnipFMC awarded new contracts by Woodside and Shell
PRESS RELEASE – TechnipFMC has been awarded a significant EPCI-contract by Woodside for the development of the Pyxis and Xena fields, located offshore North-West Australia. TechnipFMC will design, manufacture, deliver and install subsea equipment including subsea...Read more
“With M-Star Projects we want to better market our project logistics”
Belgian freight forwarder Herfurth Logistics is consolidating all of its project cargo activities under one new brand, M-Star Projects. The move is intended to better market the group’s project logistics and attract new projects and...Read moreFrench 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
Subsea 7 acquires 4Subsea
PRESS RELEASE – Subsea 7 has acquired 4Subsea, a provider of technology and services that help operators maintain production from subsea oil and gas fields and offshore wind farms. 4Subsea will function autonomously within Subsea 7,...Read more
Boskalis to build new oil terminal in Iraq
Boskalis has signed a contract with the Iraqi Ministry of Oil for the construction of a new oil terminal in the Middle Eastern country. The new facility is aimed at increasing the export capacity of...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
Saipem CEO does not see clear signs of recovery yet
Saipem CEO Stefano Cao says he does not see clear signs of a recovery of the oil and gas market yet. The offshore contractor recorded a small profit of EUR 14 million over the first...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
TechnipFMC’s orderbook skyrockets in second quarter
TechnipFMC has booked record inbound orders in the second quarter of 2019, with total company orders reaching a value of USD 11.2 billion. CEO Doug Pferdehirt contributes the success to TechnipFMC’s fully integrated EPCI solutions...Read more
Blue Water Shipping founder Kurt Skov hands over company
Blue Water Shipping founder Kurt Skov has transferred a large part of his shares in the company to his daughter Anne Skov, as he prepares to hand over the company to the next generation. Kurt...Read more
Van Oord and TechnipFMC win large LNG contract in Mozambique
Offshore contractors Van Oord and TechipFMC have been awarded a large EPCI contract for Anadarko’s Mozambique LNG project. The total contract value exceeds USD 1 billion. Van Oord and TechnipFMC are contracted for the engineering, procurement,...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