U.S. President Trump on Monday announced plans for a new “Trump class” of battleships, marking the start of an expanded naval buildup and signaling increased scrutiny of defense contractors over production delays and cost overruns.Trump said the new ba…
Trump-Class Battleship Unveiled, Defense Contractors Put on Notice Read More »
Gulf Marine Services (GMS), a provider of jack-up support vessels to the offshore energy industry, has secured a contract covering two of its large-class vessels in Europe.The contract spans a total of 985 days and will see the vessels continue…
Gulf Marine Hooks Multi-Year Jack-Up Vessels Charter in Europe Read More »
Equinor said it is complying with a stop-work order issued by the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM), which ordered the suspension of offshore construction activities on the Empire Wind project citing national se…
Equinor Halts Activities on Empire Wind Project After US Stop-Work Order Read More »
Norwegian offshore vessel owner and subsea services provider DOF Group has secured two contracts for its vessels and services in the Asia-Pacific (APAC) region.DOF signed a three-year frame agreement for the provision of subsea inspection, maintenance…
DOF Bags Two Deals in Asia-Pacific Region Read More »
Oil prices settled higher on Monday after the U.S. Coast Guard tried to intercept an oil tanker in international waters near Venezuela a day earlier, and Ukraine damaged two vessels and piers in Russia, raising the risk of oil supply disruptions.Brent …
Oil Prices Rise as US Continues Tanker Interceptions Offshore Venezuela Read More »