Offshore

Almost three weeks after the Tidewater (TDW) and Gulfmark Offshore (GLF) combination deal, contemplating issuance of new Tidewater shares to pay GulfMark shareholders, an unsolicited third-party emerged, in the form…
More signs of recovery continue to emerge from the offshore sector with Malaysian offshore supply vessel (OSV) player Nam Cheong finally emerging from debt and returning to profitability in the…
GC Rieber Shipping’s joint venture with Rasmussengruppen, Shearwater GeoServices Holding has agreed to acquire the marine seismic acquisition assets and operations of WesternGeco, the geophysical services product line of Schlumberger…
Malaysia’s Velesto Energy, the former UMW Oil & Gas, is another one of the band of battered regional oil and gas (O&G) companies that have turned more upbeat on the…
Despite challenging market conditons, subsea and seismic specialist GC Rieber Shipping has managed to achieve fleet utilisation for its subsea and ice/support vessels of 92% in the first half, with…
Oil and gas (O&G) services company Mermaid Maritime has a positive outlook for 2018 amid higher oil prices although it is monitoring developments in Saudi Arabia for increased output and…
Malaysian offshore supply vessel (OSV) player Marine & General (M&G) has won a MYR 48m ($10,3m) contract for two anchor handling tug supply (AHTS) vessels from Murphy Oil.
Keppel Corp has effectively pulled out of Central Asia after dropping the Baku Shipyard, its last remaining facility in a region that was once touted as being full of oil…
Velesto Energy, the previous UMW Oil & Gas, is seeing renewed steady work, picking up two Petronas contracts with a combined value of $10.8m.
Malaysia’s MISC was reasonably upbeat on the tanker market going forward but warned that earnings are still being hit as fleet growth continues to put pressure on petroleum freight rates.
Page 6 of 306