SPOTD VB 10,000 Hurricane Platform Detoppler

Today's Ship Photo Of The Day (SPOTD) features Versabar's heavy lift vessel the VB 10,000. In response to the many platforms toppled by hurricanes into the Gulf of Mexico, Versabar designed and built a barge-mounted dual truss system with the ability to do single-piece topside retrievals. Deployed for the first time in October 2010, this new system, designated the VB … [Read more...]

Nippon Steel Wins Offshore Engineering Contract in Gulf of Thailand

Southeast Asia-based upstream energy firm, KrisEnergy Ltd, has announced today the Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) contract for the Nong Yao field has been awarded to Nippon Steel and Sumikin Engineering Co. Ltd. Located in 75 meters of water 165 kilometers offshore in the southern Gulf of Thailand, the Nong Yao field is jointly … [Read more...]

McDermott Could be Targeted for Acquisition as Financial Woes Mount

Aug. 12 (Bloomberg) -- McDermott International Inc. is so beaten down that buyers can snap up the offshore oilfield- construction company and its fleet at a near fire-sale price. McDermott shares have slumped 47 percent in six months amid cost overruns at projects off of Malaysia and Saudi Arabia, leaving it trading at its liquidation value, according to data compiled by … [Read more...]

Swiber Wins $435 Million in Offshore Construction Contracts

Swiber, a Singapore-based offshore construction firm announced today it has signed contracts worth approximately USD $435 million, plus $105 million in additional contracts under a Swiber Group joint venture company. Mr. Francis Wong, Group CEO and President of Swiber commented, "The offshore segment remains exciting and this round of sizeable contract wins bears witness to … [Read more...]

Helix Express Lays Nearly Two Miles of Pipe, in 9,000 Feet of Water

Helix ESG's reeled pipelay vessel, the Express, recently undertook its deepest work ever during a project in the Gulf of Mexico. Working in the Lloyd Ridge Area of the Gulf, the Express laid 9,748ft of 6.6in diameter rigid pipeline from a starting depth of 8,960ft (2,731m) to an ending depth of 9,180ft (2,798m). The project was successfully completed in four weeks and … [Read more...]