Offshore

Bumi Armada Caspian settles with SEA

August 13th, 20150 Bumi Armada Caspian (BAC), part of Malaysia's Bumi Armada group, has signed a final settlement agreement for 3.2m Euro ($3.6m) with SEA Srl. The company filed a...

Havyard to restructure, cut 100 jobs

August 13th, 20150 Norwegian offshore yard and ship technology supplier Havyard Group has said today that it will be implementing further measures to deal with the general market downturn,...

How oil price volatility affects us all

August 13th, 20150 This is the fourth or fifth attempt at writing this article as the current market situation is not only volatile but also fluid. On a daily basis one gets bombarded with...

Imtech files for bankruptcy

August 12th, 20150 Dutch engineering firm Royal Imtech filed for protection from its creditors yesterday on the back of a giant accounting fraud at its German and Polish...

Solstad Offshore hit by scammers

August 11th, 20150 Norwegian offshore firm Solstad has been forced to issue a release, clarifying its HR policy having been hit by scammers. Solstad Offshore’s Aberdeen office has...

Keppel grabs FPSO conversion contract

August 11th, 20150 Keppel Offshore & Marine’s subsidiary Keppel Shipyard has secured a Floating Production Storage and Offloading (FPSO) conversion contract as well as three repair,...
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