Offshore

The operating condition for the dire OSV industry is expected to improve in 2021 as a recovery is delayed by the coronavirus (COVID-19) pandemic’s impact on oil price, according to Wintermar Offshore.

MAN Energy Solutions (ES) is to lay off nearly 4,000 staff as the company aims to cut EUR450m in costs and ride out the impact of the Covid-19 pandemic.

Kalmar has concluded an agreement to supply DP World Lirquen terminal in Chile with a total of nine Kalmar mobile equipment.

Keppel Offshore & Marine (Keppel O&M) has bagged two FPSO contracts with MODEC worth a total of SGD73m ($52.5m).

Offshore wind is whirring ahead in US waters, albeit on a slower trajectory than its most ardent supporters had hoped.

Nine personnel have been kidnapped by pirates from the BW Offshore FPSO Sendje Berge off Nigeria.

Mermaid Maritime Public Company has announced a temporary suspension of operations of a jack-up drilling rig in the Middle East due to unfavourable market conditions.

The opening of the 2020 navigation season on the Saint Lawrence Seaway, which connects the Great Lakes to the Atlantic, at the beginning of April, could not have come at a worse time, with all manner of uncertainties roiling trade flows.

Floating storage and regasification unit (FSRU) BW Magna has arrived at a new terminal in the Brazilian Port Acu to start its contract serving Gas Natural Acu (GNA) ’s LNG-to-power project.

As the oil price and lower energy demand paint a bleak picture for offshore operators and rig owners, cost control will be a top priority.