New Round of Layoffs at Maersk Drilling
Offshore drilling company Maersk Drilling has announced a new wave of layoffs and has revised its financial guidance for 2020, citing oil and gas companies' budget cuts and delays and cancellations in offshore drilling tenders.As previously reported, Maersk Drilling in April said it would lay off around 250-300 people in its North Sea crew pool…
Neptune Renews IRM Contract with Sea Mar Shipping
Dutch offshore vessel operator Sea Mar Shipping has won a three-year plus 2 x one year options for its IRM (Inspection, Repair and Maintenance) vessel Sea Mar Splendid from Neptune Energy Netherlands.The vessel and crew will support Neptune Energy with its IRM campaigns on the Dutch Continental Shelf from March 2019 until 2021…
BOURBON Reaches Deal to Reorganize Its Debt
French offshore vessel operator BOURBON said it has signed an agreement with its financial partners providing for the rescheduling of the maturities of a large part of its financial debt. Out of long- and medium-term debt totaling €692 million, €365 million of repayments due between 2016 and 2018 have been…
Wärtsilä Ship Design for Offshore Wind Farm Service Vessels
Wärtsilä has been contracted to supply the ship design for the ‘Vestland Cygnus’, a Platform Supply Vessel (PSV) owned by Norway based Norside AS that is to be converted to serve as an offshore wind farm service vessel. The conversion will take place at the Fjellstrand yard in Norway. The contract with Wärtsilä was signed in October.
