Offshore

Vroon Offshore Services has driven down fuel consumption on the vessel VOS Partner by using Caterpillar's new Multi-Engine Optimizer (MEO) with its innovative engine mix.
Malaysia’s Sapura Energy has steadily worked away since the beginning of the year and picked up nine new contracts worth MYR1.8bn ($448.5m) in Malaysia, Australia, India and Mexico.
Mitsui OSK Lines (MOL) is making a full fledged foray in the subsea support vessel sector taking a stake in AKOFS Offshore.
True to its projections, Malaysia’s Yinson Holdings announced that it has entered negotiations with a Nigerian company to supply a floating production storage and offloading (FPSO) unit.
Making its debut at Posidonia last week was the new International Maritime Industries (IMI) $5.2bn mega-yard at Ras Al Khair on the Gulf coast of Saudi Arabia, 70% jointly owned…
Sembcorp Marine has entered into an agreement to essentially take over floating platform specialist Sevan Marine along with part of one of its subsidiaries for $28m, which if it goes…
Anecdotal but positive evidence of the state of the rig market is the number of drilling rigs that can been seen stacked in Johor River in Malaysia.
Bumi Armada has warned that despite higher oil prices since the beginning of the year, activity in the offshore supply vessel (OSV) segment remains weak and oil companies remain generally…
Being involved in both the upstream and downstream segments of the oil sector has helped to spread out risk and Marine & General (M&G) is upbeat for the long-term, especially…
Consolidation is happening in the heavy lift sector as well with Intermarine announcing a joint venture with Zeaborn to be called Zeamarine.
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