SBM Offshore says it seeing gradual recovery in the offshore services market as cost deflation improves the breakeven for deepwater projects.
The influence of US oil output, thought by energy analysts to be loosening the influence of other oil producers, continues to be felt.
Classification society DNV GL has carried out its first offshore drone survey of a Prosafe semisubmersible tender support vessel (TSV).
Embattled Sinopacific Shipbuilding Group’s Zhejiang Shipyard is planning to let go close to 50% of its current 560 workforce amid the yard’s bankruptcy reorganisation and dwindling workload.
Mermaid Maritime has secured a pipeline repair air-diving contract with an estimated value of $5m for work in offshore Singapore, making the deal a first of its kind in Singapore…
The FSRU market is set for major growth in the next few years with quite a number of new players “knocking on the door” according to DNV GL.