Offshore

Japanese firms form FPSO consortium

May 13th, 20180 Five Japanese firms MODEC, Mitsui, MOL, Marubeni and Mitsui E&S have entered into an agreement to jointly invest in a long-term FPSO charter business. Under the...

McDermott and CB&I complete merger

May 11th, 20180 McDermott International and Chicago Bridge & Iron Company (CB&I) have completed a $6bn merger, despite unwanted interest in McDermott from Norway’s Subsea 7,...

Solstad Farstad offloads PSV

May 10th, 20180 Norway’s Solstad Farstad continues to trim its fleet back, selling 1996-built platform supply vessel . The sale of the vessel was completed yesterday, and follows...
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