Caterpillar Marine informed that its Cat® power and propulsion solutions have been selected to power four AHTS vessels for Grupo CBO, headquartered in Rio de Janeiro, Brazil. Each AHTS vessel will be equipped with 4 x 6 M 32 C propulsion…
McDermott International, Inc. has successfully concluded the transportation and installation of a Yoke-type Single Point Mooring tower and hook up to a Floating Storage Offloading (“FSO”) vessel for PT Rekayasa Industri offshore Indonesia in the Banyu Urip field…
Inmarsat has appointed SpeedCast International Limited (SpeedCast), a leading global network and satellite communications service provider, as a Distribution Partner (DP) for its flagship maritime service, FleetBroadband, and Fleet One, its…
The Sidney-based ROPOS Remotely Operated Vehicle (ROV) was recognized for its contributions to British Columbia’s marine sector by the prestigious award of the SS Beaver Medal on November 26th. The medal, forged from the salvaged remains of the 19th century Hudson’s Bay Company’s SS Beaver…
Hapag-Lloyd and the Chilean Compañía Sud Americana de Vapores (CSAV) are joining forces, by merging CSAV´s container business activities into Hapag-Lloyd, becoming the fourth-largest liner shipping company in the world. The corresponding contracts…
Ensco plc announced that Carey Lowe has been promoted to Executive Vice President. Lowe will be responsible for overseeing investor relations, public relations, employee communications and branding, led by Vice President Sean O’Neill, as well as strategy…
Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an international oil company worth USD 8 million for the provision of 3D EM data from EMGS's multi-client data library in the Barents Sea. 'This sale…
Professor Mark Randolph, Fellow of the Royal Society (UK), has been appointed to the recently announced ‘Fugro Chair in Geotechnics’ at the University of Western Australia’s Centre for Offshore Foundation Systems (COFS). The announcement was made at a ceremony held at the university…
As previously communicated, Viking Supply Ships has entered into an agreement with a major oil company for the charter of three vessels. The contract applies to the drilling seasons 2014 and 2015, with options for the drilling seasons 2016 and 2017…
SBM Offshore has entered into an agreement to sell the DSCV SBM Installer, a Diving Support and Construction Vessel (DSCV), to OS Installer AS for US$150 million in cash.OS Installer AS is a newly established joint venture between Ocean Yield ASA (75%) and SBM Offshore (25%)…
Norwegian Energy Company’s (Noreco) production in the third quarter of 2014 was basically unchanged from the previous quarter, significant impairments took down Noreco net results after tax to minus NOK 1 101 million.Revenues in the third quarter 2014 were NOK 296 million…
Keppel Infrastructure Holdings Pte Ltd (KI), through its wholly-owned subsidiary, has signed an agreement for the sale of its entire stake in Keppel FMO (KFMO) to Cofely GDF SUEZ for a cash consideration of S$44.72 million, subject to a post…
Statoil has been recommended as Johan Sverdrup operator. Their agreement will be included in the Unit Operating Agreement (UOA), which is planned to be submitted to the authorities in February 2015 together with the Plan for Development and Operation (PDO)…
Van Oord has reached agreement on the acquisition of the activities of Ballast Nedam Offshore. The acquisition consists of the assets of Ballast Nedam Offshore, the dedicated EPCI staff (Engineering, Procurement, Contracting and Installation)…
Royal IHC (IHC) has today successfully launched Subsea 7's 550t pipelaying vessel, Seven Rio, at its shipyard in Krimpen aan den IJssel, The Netherlands. The naming ceremony was performed by Mrs Anelise Lara, Petrobras Executive Manager for the Libra Project…
