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Another Standstill Extension for Olympic
Norwegian provider of subsea and offshore construction vessels, Olympic Ship, said it has reached an agreement with ...
read more →Siem Backs Out of Farstad Rescue Deal
Farstad Shipping and Siem Oil Service Invest (SOSI) informed that the companies have not succeeded in finding a ...
read more →Olympic Secures Standstill Agreement Extension
Norwegian Olympic Ship, a provider of inspection, maintenance, and repair vessels, has reached an agreement with ...
read more →80 Jobs Lost as Olympic Avoids Bankruptcy
Norwegian provider of subsea and offshore construction vessels, Olympic, said on Friday it has obtained support ...
read more →Boa Offshore Starts Financial Restructuring
Boa Offshore, the Norwegian offshore vessel owner, has embarked on a financial restructuring of the group’s ...
read more →Oceanteam Brings in Interim CFO
Oceanteam said it has appointed Wilhelm Bøhn as the company’s interim chief financial officer. Bøhn (48) will ...
read more →Oceanteam Looks for Restructuring Options
Norwegian-Dutch offshore service provider Oceanteam said it is in the process of developing a restructuring plan in ...
read more →Jobs at Risk as JFD Begins Restructuring Process
JFD has decided to undergo a restructuring process which includes an internal reorganization with, as the company ...
read more →Nautilus Secures Financial Lifeline, Cuts Staff By 60 Pct
Nautilus Minerals has signed a subscription agreement with Mawarid Offshore Mining and Metalloinvest Holding to ...
read more →Reach Subsea in Charter Overhaul
Norwegian contractor Reach Subsea said it has agreed on restructuring of its charter agreements with Solstad ...
read more →FMC Aims to Drive Costs Down to Pick the Industry Up
The largest provider of subsea equipment to the industry, FMC Technologies, could see its 2016 Subsea revenue ...
read more →A2SEA Dumps CT Offshore
Danish offshore wind farm installation and services company A2SEA has decided to focus its business solely on ...
read more →Island Offshore Achieves Debt Deal
Island Offshore has reached an agreement in principle on the terms of a proposed restructuring with certain of its ...
read more →Polarcus Lands Restructuring Deal
Seismic player Polarcus has gained support from key stakeholders for restructuring of its balance sheet, the ...
read more →TGS to Let Go 130 Workers
Seismic contractor TGS will reduce its global workforce capacity by some 130 people, corresponding to around 16 per ...
read more →Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (July 06 – July ...
read more →Technip Downgraded on Restructuring News
This week, subsea major, Technip, introduced its restructuring plan in order to tackle the challenging industry ...
read more →Technip to Axe 6000 Jobs
French engineering giant, Technip, has informed that the company will accelerate its cost reduction and efficiency ...
read more →EMEC Jobs Hit by Restructuring
The European Marine Energy Centre in Orkney, EMEC, has informed it will be restructuring to ensure that its test ...
read more →Subsea 7 to Axe 11 Vessels and 2500 Jobs
Subsea 7 has informed that a programme of cost reduction measures will be implemented including a re-sizing of the ...
read more →SeaBird Back in Black
Oslo-listed SeaBird, a seismic data provider for oil and gas companies, has bounced back following the ...
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