Orion Marine Inks $11 Mln Cofferdam Deal

March 24, 2016

Orion Marine, a specialty construction company, has secured a contract of approximately $11 million. According to the company, its Heavy Civil Marine Construction segment was recently awarded a contract by the North Carolina Department of Natural and Cultural Resources to construct a cofferdam around the perimeter of the USS North Carolina Battleship, to help facilitate the future… Continue Reading »


CCB, Logiteam Join Forces on Subsea Services

March 13, 2016

Norway’s Coast Center Base (CCB), part of NorSea Group, is teaming up with a consultancy firm Logiteam AS, through an acquisition of 68% of its shares, as it looks to boost subsea services portfolio. According to CEO Kurt R. Andreassen, this partnership is planned to deliver cost savings for CCB’s customers and help the company expand its footprint in the subsea maintenance arena. “The subsea… Continue Reading »


Olympic Scores Deals for Four Vessels

March 2, 2016

Olympic Ship has secured contracts with undisclosed international contractors for its vessels Olympic Zeus and Olympic Hera, the company informed on Monday. The vessel M/V Olympic Zeus has been chartered for a period of up 9 weeks, including options. The vessel will be carrying out project work in West Africa. The Olympic Hera will carry… Continue Reading »


Petrobras Gets $10B Chinese Loan In Oil Supply Deal

March 1, 2016

Petroleo Brasileiro SA secured a $10 billion loan from the China Development Bank as the beleaguered state-owned oil producer endures the worst crude market in a generation and faces more than double that amount in maturities over the next two years. The lifeline is part of a deal to supply crude to the Asian country,… Continue Reading »


Norfolk Marine, Geomara Team Up

March 1, 2016

Norfolk Marine and Geomara have signed a cooperation agreement to work together to provide a range of interrelated maritime services. The agreement should bring together Norfolk Marine’s experience as a specialist marine contractor operating vessels, dive teams and Inspection class ROV’s with Geomara’s expertise in the area of hydrographic and geophysical survey. Working from Norfolk Marine’s UK… Continue Reading »


Volstad Modifies Canyon Offshore Charter Deals

February 28, 2016

Volstad Maritime and its related operating companies, Grand Canyon Operation and Grand Canyon Operation 2, have agreed to revise their current charter agreements with Canyon Offshore, the robotics subsidiary of Helix Energy Solutions Group. The agreements revised are for three vessels: M/V Grand Canyon, M/V Grand Canyon 2 and M/V Grand Canyon 3. The revised agreement for… Continue Reading »


EU Halts Halliburton, Baker Hughes Deal Review, Awaits Details

February 23, 2016

European Union antitrust regulators have halted their scrutiny of U.S. oilfield services provider Halliburton Co’s proposed takeover of Baker Hughes because the companies failed to provide some details of the $35 billion deal. The European Commission took the decision last Thursday, according to a filing on its website. “This is a standard procedure on merger… Continue Reading »


Putin’s Reward For Doing A Deal With OPEC Overshadowed By Risks

February 17, 2016

Neither a recession nor a collapse in revenue has yet been enough to convince Russian President Vladimir Putin that it’s time to join with OPEC in cutting oil output to boost prices. His reasons may be pragmatic rather than political. As Russia’s oil minister meets his Saudi Arabian counterpart in Doha on Tuesday, the world’s… Continue Reading »


Harris Pye and Tecnomar Ink MOU

February 16, 2016

Harris Pye Engineering and Singapore-based Tecnomar & Associates have signed a memorandum of understanding (MOU) to combine efforts, promote collaboration between the two companies, and to offer a wider range of services. “There is very definite synergy between our two organisations,” explains Don Moffat, Harris Pye’s technical director, Asia Pacific & Australasia. “We have entered… Continue Reading »


Shell Pursues Transition Plan After Sealing $53B BG Deal

February 15, 2016

Royal Dutch Shell plc on Monday sealed the $53 billion (36 billion pounds) acquisition of British rival BG Group to form the world’s top liquefied natural gas company, even as slumping oil prices cast a shadow on the upcoming years of transition. The success or otherwise of the complex merger will define the legacy of… Continue Reading »

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