Offshore marine services provider PACC Offshore Services Holdings (POSH) has plunged into the red in 2015 due mainly to a huge impairment charge of $144.58m. The group reported yesterday a net loss of US$149.7 million (S$211 million) for the three months to Dec 31…
Qatar’s Gulf International Services (GIS), the leading service group, has announced that its subsidiary Gulf Drilling International (GDI) has signed a contract with Dolphin Energy for drilling rig services. The contract was signed by Mubarak A al-Hajri…
Dr. Mak Saito from Woods Hole Oceanographic Institution, along with his research team have just returned from a 22 day expedition, called “ProteOMZ”, aboard Schmidt Ocean Institute’s research vessel Falkor. During this voyage the team implemented…
Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, announced that two of its drilling contracts have been terminated. The Nasdaq-listed drilling affiliate of DryShips said that Total E&P Congo has terminated…
The strain of low oil prices on the offshore and marine sector was in full display as the world’s second-largest builder of oil rigs Sembcorp Marine Ltd posted its first quarterly loss in at least 12 years. The company took impairment…
Nakilat-Keppel Offshore & Marine (N-KOM) reports that it has delivered its first liftboat unit, Al Safliya, to Qatari rig operator Gulf Drilling International (GDI). Al Safliya is the first liftboat to be wholly constructed in Qatar at the…
Two of the major British players in Falkland Islands offshore oil development, Premier Oil and Rockhopper Exploration, cancelled a joint venture contract with Ocean Rig UDW. In June 2014, the companies entered into a contract with Ocean…
The Seagull mobile app for crew training status is set to revolutionise the way seafarers track their training records and receive critical safety alerts, by making both instantly accessible via iPhones and Android devices. The Seagull crew…
San Donato Milanese (Milan), February 10, 2016 – Saipem S.p.A., informs that today Moody’s, through the publication of a press release on its website [www.moodys.com] given below has communicated that it has placed under review the provisional issuer rating of '(P) Baa3 ' attributed to Saipem…
Aker Solutions will deliver a concept study on a new processing platform for future phases of the Statoil-operated Johan Sverdrup North Sea field, Norway's largest oil find in three decades.The study includes design solutions for a tie-in…
The 2016 Offshore Technology Conference (OTC) will honor this year’s Distinguished Achievement Award recipients on Tuesday, 3 May, in Houston. As part of the OTC Distinguished Achievement Awards Luncheon, the conference will recognize Robert…
UTEC Survey, an Acteon company, has announced the appointment of Caroline McGovern as its new Head of Finance. Before joining UTEC, Caroline was the CFO for MOL Energy UK where she was a founding director of the business which grew to comprise…
Yara International ASA announces organizational and management changes, to improve strategic focus and execution.'After spending recent months visiting numerous Yara sites, meeting employees and conducting business and organizational reviews…
Subsea UK announced today, at Subsea Expo, that it will sponsor an initiative which inspires budding subsea engineers for a second year. The body which represents the £9billion subsea industry has now committed £20,000 to the Scottish MATE ROV competition…
A2SEA has announced that wind turbine installation vessel has capsized off the Danish coast due to harsh weather on Wednesday. It has gone from bad to worse for A2SEA-vessel Sea Worker. A week ago, jumped tethers during a towing of the 1…
