Olympic Ship Writes Down Fleet Value

Olympic Ship Writes Down Fleet Value

Norwegian provider of subsea and offshore construction vessels, Olympic Ship, has seen red at the end of second ...

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Solstad Posts Quarterly Profit Drop

Normand Maximus

Oslo-listed Solstad Offshore, has recorded a profit of NOK 171.2 million ($20.8 million) for the second quarter of ...

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REM Takes NOK 900 Mln Impairment Hit

OCV Vard 2 06 cancelled in June 2016

Norwegian firm REM Offshore has posted second-quarter 2016 net loss of NOK 1.12 billion ($136.5 million), compared ...

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Eidesvik Offshore Swings to Quarterly Loss

Eidesvik Offshore Swings to Loss

Norwegian vessel owner, Eidesvik Offshore, has posted quarterly loss as it booked forex charges and its revenues ...

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Siem Offshore Narrows Losses

Siem Offshore Narrows Losses

Siem Offshore has managed to shrink its quarterly loss, despite weaker revenue, as fleet write-downs were much ...

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SeaBird in Profit, Might Look into Further Fleet Resizing

SeaBird Voyager Explorer

Oslo-listed SeaBird has swung to a profit compared with a negative result in the second quarter 2015, on increased ...

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Reach Subsea Secures More Work for Its Vessels

Reach Subsea Secures More Work for Its Vessels

Reach Subsea have entered into short/medium term contracts with different international clients for Normand Reach ...

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Bourbon Revenues Drop

Bourbon Revenues Drop

Bourbon has posted lower adjusted revenues for the quarter ended June 30, 2016 as low oil price environment keeps ...

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Royal IHC Recognized for Pipelaying Vessels Delivery

Royal IHC Recognized for Pipelaying Vessels Delivery

Royal IHC has received an honor award from Sapura Navegação Marítima for the delivery of five pipelaying vessels. ...

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Subsea 7 to Axe 5 Vessels and 1,200 Jobs by Early 2017

Subsea 7 to Axe Another 1200 Jobs

Subsea 7 has announced a second phase of global resizing and cost reduction measures due to continued difficult ...

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Fugro Wins More South Holland Offshore Wind Zone Work

bucentaur-000

Fugro has been awarded a geotechnical site investigation survey contract for the Hollandse Kust (zuid) Wind Farm ...

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Aker Puts Money into Solstad

Aker Puts Money into Solstad

Oslo-listed vessel owner Solstad has together with Norwegian industrial investment company Aker, and with support ...

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MDL Energy to Fund New Vessels Project

MDL Energy

MDL Energy, through it’s Singapore subsidiary, WaterBridge Ventures will be investing in a series of ...

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Reach Subsea Takes NOK 15 Mln Loss

Reach Subsea Takes NOK 15 Mln Loss

Norwegian contractor Reach Subsea has booked a negative result in the fourth quarter 2016, caused by a challenging ...

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Farstad Books Forex Boost, Unsure in Fixed Market Upturn

Farstad Books Forex Boost, Unsure in Fix Market Upturn 2

Weakening of US dollar has helped the Norwegian shipowner Farstad to bounce back to profit during the first quarter ...

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Revenues Slide, But DOF Subsea Ups Quarterly Profit

Revenues Slide, But DOF Subsea Ups Quarterly Profit

DOF Subsea reported profit for the first quarter 2016 of NOK 316 million compared with NOK 139 million profit for ...

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Eidesvik in Profit Despite Revenue Drop

Eidesvik in Profit Despite Revenue Drop

Norwegian vessel owner, Eidesvik Offshore, has bounced back in black as it booked foreign exchange gains and offset ...

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Subsea 7 Stacks Two More Vessels

Subsea 7 Stacks Two More in Q1 2016

Oil services company, Subsea 7 has recorded a net income of $147 million in the Q1 2016 compared to $151 million in ...

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Kanter Marine to Build Seven Hydrographic Vessels for Canada

Illustration, Photo:  Government of Canada

Kanter Marine of St. Thomas, Ontario, has secured a contract to build seven new survey vessels for the Canadian ...

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Wintershall to Use Island Offshore Vessels on Vega Field

Wintershall to Use Island Offshore's Vessels on Vega Field

Wintershall Norge AS has received consent to use the mobile drilling facilities Island Frontier and Island ...

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Bourbon Books $84 Mln Loss in 2015

Bourbon Books $84 Mln Loss in 2015

Bourbon has ended the year 2015 in red as the lower utilization rate and an negative unrealized foreign exchange ...

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