Industry Sectors:Offshore

Offshore

Norway’s Olympic Group, operator of some 24 offshore vessels, has selected Kongsberg Maritime’s new K-Walk integrated vessel gangway solution for installation aboard its Multipurpose Offshore Vessel (MPSV), Olympic Orion.
Marine services firm Bourbon has been awarded a contract by Total Gabon for the engineering, procurement, construction and installation of 25 km of six inch pipeline, utilising one of its…
Rolls-Royce’s marine business slumped to a GBP27m ($33m) loss in 2016 with the low oil price expected to continue to take its toll this year.
The better oil price environment seems to already be having a positive impact on some companies, with Brightoil Petroleum releasing a positive profit alert.
Singapore’s Marco Polo Marine has started its 2017 financial year with a profit in the first quarter thanks to a boost in other operating income and share of profit in…
Singapore’s OSV owner and operator Vallianz Holdings has reported a dip in earnings for 2016 as a result of the challenging business conditions in the offshore marine industry.
MISC managed a 10% rise in full year net profit for 2016, with the bottom line rising to MYR2.79bn ($627.3m) from MYR2.54bn previously even as revenue fell to MYR9.60bn from…
Offshore vessel owner Bourbon has increased its laid-up fleet to 104 vessels as activity in the deep and shallow water segments continued to decrease in Q4 2016.
Qatar Petroleum (QP), Total, Mitsubishi, ExxonMobil, and Höegh LNG have formed a consortium with Global Energy Infrastructure Limited to collaborate on a liquefied natural gas import project in Pakistan. 
Offshore engineering focussed group Malaysia Marine and Heavy Engineering Holdings (MMHE) turned in a MYR134.3m ($30.3m) full year loss for 2016, hit by lower contributions from the key Heavy Engineering…