Italian shipbuilder Fincantieri is making an initial public offering to raise funds for projects and acquisitions. The company is wholly owned by Italian state lender Cassa Depositi e Prestiti (CDP). It will offer up to 38.2%, and new shares will be priced between €0…
Dutch floating platform leaser SBM Offshore NV will not participate in the upcoming Petrobras Tartaruga Verde and Libra tenders, the company announced 12 June, adding that the decision resulted from conversations held between the two giants on 28 May…
Dutch manufacturer DBR BV will supply emergency/harbor diesel generator sets for six new pipelaying vessels under construction at IHC Merwede in the Netherlands for Subsea 7 and SapuraKencana. The order for the custom-engineered units, generating up to 1875 kVA…
Statoil has outlined investment it is making to extend the life of its Gullfaks field out to 2040, including installing new loading buoys on the field. Statoil says 2.55 billion bo from the Gullfaks field have passed through the existing loading buoys since first oil in 1986…
Swiber Holdings Ltd. announced it has won an US$80 million engineering, procurement, installation and construction contract in Latin America. The client is undisclosed, but the contract covers subsea development work including pipeline tie-ins…
Subsea 7 provides this animation of its new heavy construction vessel The Seven Arctic, which is under construction at Hyundai Heavy Industries (HHI) in South Korea, and due for delivery in 2016. The newbuild subsea construction vessel…
LNG America announces the selection of the American Bureau of Shipping (ABS) as the classification society for North America’s first LNG bunker barges, currently being designed by Jensen Maritime. ABS will assist LNG America in working…
The International Maritime Organization's (IMO) Maritime Safety Committee (MSC) has approved, in principle, the draft Polar Code and related amendments to make the Code mandatory under SOLAS, with a view to formal adoption at its next session…
On May 22, Pemex announced that the substructure of the Ayatsil B platform was floated out from McDermott International’s Altamira yard in Mexico's Tamaulipas state. Two years ago, McDermott announced that it received the contract for the new Ayatsil B drilling platform (May 2012)…
UK plate and specialty metals supplier Murray Metals (MM) has bought Alphastrut, giving it a foothold in the offshore oil an dgas industry. Alphastrut offers an aluminium support and cable containment system which MM says is more than…
Norway's Vard Holdings Ltd. has secured a new contract with Island Offshore to build an offshore support vessel based on a Rolls-Royce design. The contract value is more than NOK1 billion (US$167.7 million). Delivery is scheduled from Vard Brevik in Norway in 2Q 2016…
Ceona, SURF contractor with heavy subsea construction capabilities, has been awarded a contract for work in the Oyo oilfield offshore Nigeria from CAMAC Energy Inc. The Oyo Phase One expansion project includes installation and recovery of…
Norway's Aqualis ASA has won several new construction supervision, transportation & installation and marine warranty contracts in Asia. The total contract value is approximately US$11 million. Aqualis Offshore in Singapore has been awarded…
Atlantic Towing has been awarded a contract by ExxonMobil Canada Properties and Hibernia for four new platform supply vessels operating out of St John's, Newfoundland and Labrador. The 10-year contract also includes 15 years of options at the Charterers' discretion…
Siemens AG has signed a 3-year charter for a new jack-up vessel to be used for service and maintenance operations at more than 1200 offshore wind turbines across northern Europe. The Wind Server jackup (pictured at right) is currently under construction at Nordic Yards in Wismar…
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