The X-STERN solution from Ulstein was awarded the Next Generation Ship Award at the Nor-Shipping opening conference on June 2. Innovative ship design is the main criteria in the awarding of this prize.“Innovation is at the core of what we do…
With new rules and regulations affecting the platform supply vessel (PSV) market, Wärtsilä is launching a new PSV ship design at this year's Nor-Shipping exhibition being held in Oslo from June 2-5. The new design puts emphasis on increased cost efficiency…
Mexico's oil regulator voted on Friday to relax rules on bidding terms and contracts that form the first step in a historic sector opening that kicks off this summer with the public auction of 14 shallow water fields.The July auction…
U.A.E based offshore jackup rig builder Lamprell Energy Ltd., will implement SSI's EnterprisePlatform software solution to allow its engineering team to automate manufacturing processes. Acording to SSI (developer of ShipConstructor software)…
Maritime Employment: The next three to five years could be a defining era for the Maritime industry. That’s because, in the United States, demand for skilled/technical labor continues to increase in an industry seeing less and less graduates…
The price of oil: everyone seems to be fixated on it. That’s because it also seemingly drives every aspect of the offshore energy business. This includes OSV day rates, rig utilization, shipbuilding and repair, and yes, manpower recruitment…
Chief Financial Officer of Prosafe Management AS, Sven Børre Larsen, has decided to resign from his position to take on the role as Chief Financial Officer in TGS-NOPEC Geophysical Company in Asker, Norway. The final day of Larsen’s employment at Prosafe is yet to be determined…
Local Nigerian staff at U.S. oil services company Halliburton have ended a nationwide strike over job cuts, a spokesman for one of two oil unions involved in the dispute said on Wednesday.'The strike was called off,' Emmanuel Ojugbana, spokesman…
To develop its large fleet, Groen Offshore, Guard & Support has selected the first Damen Twin Axe Fast Crew Supplier 2610 to be customised with Offshore Oil & Gas standby capabilities. The Netherlands-based company will deploy the new vessel…
Oslo-based Höegh LNG said it has signed an Floating Storage and Regasification Unit (FSRU)contract with Chilean Octopus LNG for the Penco-Lirquén LNG import terminal to be located in Concepción Bay, Chile. The contract is for a period…
A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe. Federal…
Houston man sentenced for providing false statements in relation to blowout preventer testing on oil platform in Gulf Of Mexico A Houston man was sentenced for making false statements to Bureau of Safety and Environmental Enforcement (BSEE)…
UK-based engineering firm signs service agreement to provide direct services to vessels in ASRY, expanding the list of the yard’s onsite specialist contractors.ASRY, the leading ship and rig repair yard in the Arabian Gulf, has signed…
Unlike almost all its neighbors, Guyana isn’t an oil producer yet. But the energy giant Exxon Mobil recently announced it had discovered “significant” oil off the coast. The discovery could put Guyana on oil and gas Map and the country could become a player in the oil marketplace…
Protea, a global manufacturer of offshore handling equipment, will launch two types of heavy lift cranes at Nor-Shipping 2015 in Oslo, June 2-5.Tomasz Paszkiewicz, Protea’s CEO, said, “The target of any marine crane design is to provide high lifting performance whilst minimizing overall weight…
