GustoMSC Sold to Private Equity Firm for $185 Million
Offshore engineering firm GustoMSC, which is part of the SBM Offshore Group, has been sold to the private equity firm Parcom Capital for a consideration of
Offshore engineering firm GustoMSC, which is part of the SBM Offshore Group, has been sold to the private equity firm Parcom Capital for a consideration of
Although vessels will be required to carry a Ship Energy Efficiency Management Plan from January 1st 2013, the regulation is not designed to be complex or
The crew aboard Crowley Maritime Corporation’s tugboat Guard recently performed a heroic rescue of a man who was struggling to stay afloat in the
Seadrill received a Letter of Award today from Calgary-based Husky Oil for a new five-year contract for the newbuild harsh environment semi-submersible rig
Unlike cars, ships can’t just pull the e-brake and stop in the middle of the ocean when they rendezvous with another vessel such as an FPSO. For close
SYDNEY–Exxon Mobil Corp. (XOM) said Monday the cost of building a massive natural gas-export project in Papua New Guinea has blown out to US$19 billion
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The Los Angeles Board of Harbor Commissioners has approved construction contracts totaling more than $127 million for two major projects that advance
The final hull section of aircraft carrier HMS Queen Elizabeth has arrived at Babcock’s Rosyth dockyard. The 11,300 tonne aft section of hull, known as
Today marks the 37th anniversary of the sinking of the SS Edmund Fitzgerald, the Great Lakes freighter that sank in a strong gale on eastern Lake Superior
(Bloomberg) — A former BP Plc engineer charged with destroying evidence sought for a U.S. probe of the 2010 Gulf of Mexico oil spill lost his bid to
A.P. Moller-Maersk A/S (AMKBY, MAERSK-A.KO, MAERSK-B.KO) on Friday warned global demand for seaborne containers will grow more slowly than the group forecast
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Sign Up(Bloomberg) — Huntington Ingalls Industries Inc. fell after the U.S. Navy’s sole builder of aircraft carriers reported third-quarter profit that
Dutch oil services company SBM Offshore NV (SBMO.AE) Friday confirmed earlier reports that said it will fix the faulty legs of its Yme oil and gas platform,
(Bloomberg) — Gasoline shipments to the U.S. from Europe are poised to fall after inventories of the auto fuel swelled because of distribution
(Bloomberg) — Crude tankers shipping almost 20 percent of the world’s oil curbed seven weeks of losses as declining fuel costs helped owners
OSLO–Statoil ASA (STO, STL.OS) evacuated 336 people by helicopter from a housing platform in the Norwegian Sea in rough weather with gale force winds,
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Employers Start Here Jobseekers Start HereOil shipments from the Organization of the Petroleum Exporting Countries are to increase by 640,000 barrels a day in the four weeks to Nov. 24, compared with
Dolphin Drilling Ltd, a subsidiary of Fred. Olsen Energy ASA, received a letter of intent today for the provision of the accommodation semi-submersible
Singapore-based shipowner Britoil Offshore Services Pte Ltd. entered into a contract today with the Ulstein Group for the design and equipment packages for two
(Bloomberg) — Clarkson Plc, the world’s largest shipbroker, plunged the most since 2009 after saying this year’s earnings will be lower than
– By Donna McKinney, US Navy Research Laboratory With its strong dependence on gas-turbine engines for propulsion, the U.S. Navy is always looking for
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