French offshore services giant Bourbon Corporation's existing liabilities amount to 900 million euros, or just over $1 billion, according to sources. It is is in serious danger of bankruptcy now that a group of creditors has demanded immediate payment of outstanding debt…
Every day we see more and more news about how the planning for new offshore wind projects continues to expand with the increasing investment from both domestic and foreign interests in these projects. This is resulting in both developers and…
As the prospects for offshore wind energy continue to grow in and around the United States, so too do the business potential and parnterships. The latest announcement comes from south Florida where Resolve Marine Group and Bibby Marine Services…
The Norwegian Continental Shelf’s journey from the very first basic marinized subsea trees to today’s complex and sophisticated subsea processing equipment has been a rapid, at times turbulent, but always remarkable.There are many engineers who have seen through that journey…
NorSea Wind, part of the Wilhelmsen Ship Management (WSM) Group, has named Anders Peter Pedersen as its new chief executive officer (CEO). Pedersen has extensive experience from the green energy sector. A lot has happened in the harbor since…
The Offshore Marine Service Association (OMSA) announced the resignation of long-time Vice President, Richard Wells. Subsequently, OMSA announced the association will be hiring Chad Fuhrmann as Director of Regulatory Affairs in June.OMSA President…
Malaysia's offshore oilfield services firm Bumi Armada announced that its first-quarter net profit jumped 28.5% on-year, mainly thanks to joint ventures, lower cost of sales, and lower distribution costs.Net profit for the January-March period climbed to 62…
Associated British Ports (ABP) said that its Port of Lowestoft welcomed the Platform Supply Vessel (PSV) the Skandi Captain this week on its maiden call to the port.The visit is the latest in ABP’s partnership with Peterson UK Limited, the…
NOIA President Randall Luthi released the following statement after the Senate voted to confirm Andrew Wheeler as the Environmental Protection Agency (EPA) Administrator:“NOIA congratulates Andrew Wheeler and applauds the Senate following his confirmation as EPA Administrator…
Port of Rotterdam Authority, Dutch natural gas infrastructure and transportation company Gasunie and Energie Beheer Nederland (EBN) are preparing a CCUS (Carbon Capture Usage and Storage) project, in which CO₂ from industry will be transported…
Kongstein, the European service provider focused at offshore engineering and maritime logistics, has signed a Memorandum of Understanding (MoU) with U.S.-based Green Shipping Line to provide a complete offshore wind farm supply solution in the United States…
The U.S. government shutdown has delayed Enterprise Products Partners LP's plan to build a major U.S. crude export terminal off Houston, blocking the pipeline operator from filing paperwork with U.S. regulators, an executive said on Wednesday…
Danish manufacturer of wind turbines MHI Vestas Offshore Wind has opened a new office in the Port of Ostend to expand its offshore wind operations at the Belgian port.“Because we will be servicing no fewer than 244 wind turbines at sea from the Port of Oostende by 2020…
Motive Offshore Group, which is headquartered in Boyndie, Aberdeenshire, has seen a record turnover for 2018 and is set to exceed its projected 20% increase on the previous year.To support founding directors James Gregg and Dave Acton with their ongoing growth strategy for the business…
Beacon Offshore Energy, wholly owned by funds managed by Blackstone Energy Partners, an affiliate of Blackstone, announced that Scott Gutterman has joined Beacon as its Chairman and Chief Executive Officer.In addition, industry veterans Paul…