The Offshore Marine Service Association (OMSA) issued a statement regarding Senator John McCain’s proposal allowing foreign-built vessels to take over marine transportation in the United States, stating the amendment would gut U.S. shipbuilding while outsourcing jobs and security…
Shlumberger Ltd, the world's No.1 oilfield services provider, said it will cut 9,000 jobs, or about 7 percent of its workforce, as it focuses on controlling costs amid plummeting oil prices.The company said it took charges amounting to $1…
MacGregor, part of Cargotec, has won a contract from Fujian Southeast Shipyard in China to supply deck equipment packages for two 78m anchor-handling/offshore support vessels under construction for Singapore-based Adhart Shipping Pte Ltd…
Oil majors BP and ConocoPhillips will cut over 500 jobs in the North Sea following similar moves by rivals to reduce costs in one of the world's most expensive exploration areas as oil prices tumble.Although the cuts are relatively small for companies with dozens of thousands of employees…
Meriaura Group to strengthen its position in the market by increasing its cargo fleet. The company has ordered a Dutch Royal Bodewes shipyard two VG EcoCoasterTM -kuivarahtialusta, both a carrying capacity of 4700 tons. The new building contracts were signed in December in Turku…
LOC Group Ltd (London Offshore Consultants) has appointed Andrew Pointing into the newly created role of Group Director, Marine Assurance and Risk.This new position is part of an ongoing restructuring process which sees LOC creating a number…
Matthieu de Tugny to lead Bureau Veritas' offshore activitiesBureau Veritas has appointed Matthieu de Tugny as Senior Vice President in charge of offshore activities within the marine and offshore operating group. He is tasked with driving…
Wireline Engineering has been shortlisted for an Offshore Achievement Award in the Export Achievement category. The shortlisting recognizes Wireline Engineering’s business growth resulting from successful export activity in the oil and gas and energy sector…
In May 2014 Odfjell SE announced a review of all aspects of our business model in order to improve our financial results through a more competitive cost structure.The Board has today approved a restructuring plan which, fully implemented…
Some of the world’s largest oil traders are reportedly hiring supertankers in a possible attempt to stockpile oil supplies following the plunge in world prices. Trading firms including Vitol, Trafigura and energy major Shell have all booked crude tankers for up to 12 months…
BP Plc and Anadarko Petroleum Corp narrowly failed to persuade a U.S appeals court to reconsider its 2014 ruling that they could face civil fines under federal pollution laws over the 2010 Gulf of Mexico oil spill.By a 7-6 vote, the 5th U…
Petrobras announced results of drilling well 9-SES-188D (Petrobras nomenclature) / 9-BRSA-1280D-SES (ANP nomenclature), located at concession area BM-SEAL-11, in block SEAL-M-426, in Sergipe Basin ultra-deep waters.The results confirm…
Royal Boskalis Westminster N.V. (Boskalis) announced that it has increased its holding in Fugro N.V. to 20.01%, stressing that the move is not a step towards making an offer. Boskalis said views Fugro as “an interesting company with strong market positions in its core activities…
TRIYARDS Holdings Limited an offshore vessel fabrication and engineering solutions provider to the oil, gas (O&G) and marine industry, started the year on a promising note, armed with US$75.4 million in new liftboat orders.The latest liftboat contracts not only add to its orderbook…
ALMACO Group Offshore Division Receives ISO 14001 and OHSAS 18001 Certifications ALMACO Group has received multi-site certifications for ISO 14001:2004, for implementation of Environmental Management Systems (EMS), and OHSAS 18001:2007,…
