Luxembourg-based marine engineering contractor Subsea 7 S.A. has signed an agreement to acquire Siem Offshore Contractors and two vessels, expanding Subsea 7’s presence in the renewable energy segment. The acquisition,...

  Offshore vessel owners World Wide Supply, Ultrapetrol and Siem Offshore all reported Monday receiving notification for the early termination of charter contracts with Brazilian oil giant Petrobras. Perhaps the hardest...

A Norwegian offshore vessel rescued over 600 migrants from two wooden boats on Monday in the southern Mediterranean Sea. The migrants, including several pregnant women, were helped onboard Siem Offshore’s...

Two of Siem Offshore Contractors’ newest vessels, the Siem Aimery and the Siem Moxie will be utilized next year to install 97 kilometers of subsea power cable connecting 67 offshore...

As the offshore oil and gas sector continues to struggle while oil and gas firms reduce their CAPEX, offshore contractors and shipowners such as Van Oord and Siem Offshore are...

ExxonMobil Corp. and OAO Rosneft terminated contracts for five service vessels operated by Norway’s Siem Offshore Inc. and Rem Offshore ASA as sanctions upend plans to explore the Russian Arctic.

German Shipyard Flensburger Schiffbau-Gesellschaft (FSG) announced today it has been taken over by Norwegian firm Siem Industries, a company with extremely deep roots in the global offshore sector including controlling interests in...

Subsea 7 announced today the winning of a 3-year $160 million contract extension from BP Exploration & Production for light subsea construction, and inspection, maintenance and repair (IMR) work in the...

Following similar orders placed in November 2012 and August 2013, Norwegian OSV operator Siem Offshore has again reached out to Finnish engine manufacturer Wärtsilä to supply the design and integrated...

Houston-based Helix Energy Solutions (NYSE: HLX) announced Tuesday that it has inked agreements with Petrobras to provide well intervention services offshore Brazil.

Sept. 2 (Bloomberg) –Wärtsilä a Finnish maker of ship engines, rose the most in eight weeks in Helsinki trading after winning a repeat-order for the design and engines of a...

Wärtsilä announced today they have been contracted to supply an integrated engineering solution to an LNG-powered Platform Supply Vessel (PSV) newbuild project in conjunction with Norwegian yard Hellesøy Verft and...

STX OSV announced today that Norwegian offshore vessel owner, Siem Offshore has declared options for the design and construction of two additional Offshore Subsea Construction Vessels (OSCV). The vessels will...

Siem Offshore announced today the sale and delivery of the  4500T multi-purpose ROV support vessel, Siem Swordfish, which was concluded on July 31st.  This sale is in line with the...