Thursday, December 17, 2020
bourbon reorganization

Bourbon Emerges from Reorganization Proceedings

French offshore services provider Bourbon Maritime has emerged from reorganization after eliminating 1.5 billion euros in debt. Bourbon’s recovery plan was approved this week by the Commercial Court of Marseilles,...

December 17, 2020
Total Views: 1337

Tuesday, December 10, 2019
bourbon reorganization
Maritime News

Bourbon Takeover Offer Under Review

Embattled French offshore services group Bourbon is reviewing a takeover offer from Société Phocéenne de Participation, a company owned by a group of French banks representing 75% of the Bourbon’s...

December 10, 2019
Total Views: 19

Wednesday, October 9, 2019
bourbon offshore
Maritime News

Bourbon Receives Takeover Offer

A company owned by a group of French banks has made a takeover offer for beleaguered offshore services company Bourbon Corporation as part of the company’s court-backed reorganization. The Marseilles...

October 9, 2019
Total Views: 28

Friday, July 26, 2019
bourbon offshore
Maritime News

Insolvent Bourbon Requests Reorganization Proceedings

French offshore services company Bourbon has requested for reorganization proceedings of approximately 900 million euros in liabilities after a Chinese leasing company activated payment guarantes from the company. The request...

July 26, 2019
Total Views: 9

Friday, September 7, 2018
bourbon offshore
Maritime News

Bourbon Offshore: Market Conditions Still Challenging

French offshore services company Bourbon Offshore reported adjusted revenue of 340.1 million euros in the first half of the year, down 15.2% compared to the second half of 2017, citing...

September 7, 2018
Total Views: 4

Wednesday, July 11, 2018
Maritime News

Bourbon Suspends Payments on Debt as it Seeks ‘Balanced Solution’ with Lenders

French offshore services provider Bourbon says it has reached a deal with its lenders to temporarily withhold payments and servicing of its debt as the group seeks a “balanced solution”...

July 11, 2018
Total Views: 6

Tuesday, February 13, 2018
bourbon reorganization

Bourbon Offshore Reorganizes as it Looks Towards Oil and Gas Market Recovery

French offshore services provider Bourbon has announced a new strategic plan that will involve reorganizing the company into three distinct business units and the sale of more than three dozen...

February 13, 2018
Total Views: 18

Thursday, November 3, 2016
Bourbon Liberty 309

Bourbon Sees Offshore Market Hitting Bottom Right Now

France-based Bourbon Offshore is hoping that the market for offshore oil and gas marine services has bottomed out as its fleet utilization rates continued to decline in the third quarter...

November 3, 2016
Total Views: 28

Thursday, September 8, 2016
Maritime News

Deep Investment Cuts Slow Rebound for Offshore Oil Services -Bourbon

PARIS, Sept 8 (Reuters) – French oil services company Bourbon said on Thursday that any rebound in oil and gas prices will take a while to reach companies in the...

September 8, 2016
Total Views: 4

Tuesday, May 17, 2016
Maritime News

Bourbon’s Gas Plans Fall Through

Bourbon Offshore’s plan to diversify into the ethane gas market has been put on the back burner after the company failed to obtain financing for the deal. Bourbon announced its...

May 17, 2016
Total Views: 16

Wednesday, March 30, 2016
Maritime News

Offshore Services Provider Bourbon Diversifies Into Ethane Gas

French offshore services provider Bourbon Offshore has announced a major expansion into ethane gas transportation as the company weathers a “very difficult” market facing the offshore sector.  The expansion comes...

March 30, 2016
Total Views: 13

Friday, March 25, 2016
Maritime News

Pirates Release Kidnapped Bourbon Crew Off Nigeria

French oil services company Bourbon Offshore has confirmed that two crew members kidnapped from their vessel off the coast of Nigeria last month have been released. The company did not...

March 25, 2016
Total Views: 26

Wednesday, March 23, 2016
bourbon offshore
Maritime News

Bourbon’s Chairman Weighing Bid to Take Company Private, Sources Say

By Dinesh Nair, Francois de Beaupuy and Ruth David (Bloomberg) — Bourbon SA Chairman Jacques de Chateauvieux is considering a bid to take the French oil services company private as...

March 23, 2016
Total Views: 0

Monday, March 14, 2016
Bourbon Liberty 309

Bourbon Logs $85 Million Net Loss in 2015

For full-year 2015, Bourbon Offshore reported a loss of €76.6 million (US$85 million), attributed to a reduced utilization rate and an unrealized foreign exchange loss. Adjusted EBITDAR rose 7.5% to...

March 14, 2016
Total Views: 19

Thursday, February 25, 2016
Maritime News

Bourbon Crew Kidnapped Off Nigeria

Offshore vessel owner Bourbon Offshore has confirmed the abduction of two of its crew members from their vessel off Nigeria. The company says its vessel Bourbon Liberty 251 come under attack Tuesday...

February 25, 2016
Total Views: 33

Monday, May 11, 2015

Bourbon Offshore: Kidnapped Crewmembers Released

French offshore services provide Bourbon Offshore has confirmed that three workers kidnapped from a crewboat off Nigeria last month have been released. The 3 Nigerian nationals were kidnapped April 8,...

May 11, 2015
Total Views: 6

Monday, April 13, 2015

Bourbon Offshore: Three Kidnapped from Crewboat Off Nigeria

French offshore services provider Bourbon Offshore confirmed Monday that three crewmembers have been kidnapped one of its crewboats off the coast of Nigeria. In a statement, Bourbon said that three were...

April 13, 2015
Total Views: 10

Wednesday, March 4, 2015

Bourbon Profit Hit by Oil Price Slump, 2015 Margins On Deck

Bourbon SA, a French supplier of ships and crew to oil and natural gas producers, said margins may drop this year following a 36 percent profit slump in 2014 as customers reduce investment.

March 4, 2015
Total Views: 8

Wednesday, September 17, 2014
bourbon evolution 803 diving support vessel

Mermaid Maritime Continues Asset-Light Growth Strategy, Wins Sat Diving Contracts

Singapore-listed Mermaid Maritime has announced the winning of a pair of saturation diving contracts in the Middle East worth upwards of USD $45 million.  The company notes the two contracts...

September 17, 2014
Total Views: 2

Wednesday, September 3, 2014

Ebola Virus Hits Bourbon’s First-Half Results

The deadly Ebola outbreak in Nigeria is affecting Bourbon SA’s operations, the supplier of ships and crew to energy producers said after reporting it swung to a loss in the first half partly on industry cost cutting.

September 3, 2014
Total Views: 4