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News and insight into the offshore marine sector, offshore vessels, rigs, subsea, rig and offshore vessel building, field developments and offshore wind.
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.
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.