Another Standstill Extension for Olympic

Norwegian provider of subsea and offshore construction vessels, Olympic Ship, said it has reached an agreement with ...

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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 ...

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Olympic Secures Standstill Agreement Extension

Norwegian Olympic Ship, a provider of inspection, maintenance, and repair vessels, has reached an agreement with ...

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80 Jobs Lost as Olympic Avoids Bankruptcy

Norwegian provider of subsea and offshore construction vessels, Olympic, said on Friday it has obtained support ...

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Boa Offshore Starts Financial Restructuring

Boa Offshore, the Norwegian offshore vessel owner, has embarked on a financial restructuring of the group’s ...

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Oceanteam Brings in Interim CFO

Oceanteam said it has appointed Wilhelm Bøhn as the company’s interim chief financial officer. Bøhn (48) will ...

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Oceanteam Looks for Restructuring Options

Norwegian-Dutch offshore service provider Oceanteam said it is in the process of developing a restructuring plan in ...

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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 ...

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Nautilus Secures Financial Lifeline, Cuts Staff By 60 Pct

Nautilus Minerals has signed a subscription agreement with Mawarid Offshore Mining and Metalloinvest Holding to ...

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Reach Subsea in Charter Overhaul

Norwegian contractor Reach Subsea said it has agreed on restructuring of its charter agreements with Solstad ...

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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 ...

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A2SEA Dumps CT Offshore

Danish offshore wind farm installation and services company A2SEA has decided to focus its business solely on ...

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Island Offshore Achieves Debt Deal

Island Offshore has reached an agreement in principle on the terms of a proposed restructuring with certain of its ...

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Polarcus Lands Restructuring Deal

Seismic player Polarcus has gained support from key stakeholders for restructuring of its balance sheet, the ...

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TGS to Let Go 130 Workers

Seismic contractor TGS will reduce its global workforce capacity by some 130 people, corresponding to around 16 per ...

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Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (July 06 – July ...

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Technip Downgraded on Restructuring News

This week, subsea major, Technip, introduced its restructuring plan in order to tackle the challenging industry ...

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Technip to Axe 6000 Jobs

French engineering giant, Technip, has informed that the company will accelerate its cost reduction and efficiency ...

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EMEC Jobs Hit by Restructuring

The European Marine Energy Centre in Orkney, EMEC, has informed it will be restructuring to ensure that its test ...

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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 ...

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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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