Colfax Pumps on Specialized Heavy Lift Ship

Colfax Fluid Handling, a business of Colfax Corporation, was awarded a contract as the exclusive supplier of hydraulic pumps for a ship capable of lifting the topside structures from offshore platforms. With a lifting capacity of up to 48,000 tons, the ship will remove topsides in one piece and transport them to land for deconstruction.…

DNV Releases Updated Standard for Offshore Wind Turbine Structures

DNV’s recognized standard for design of offshore wind turbine structures has been through a revision process together with the wind energy industry. The updated standard which aims to reduce cost and increase safety is now available. The standard, Design of Offshore Wind Turbine Structures (DNV-OS-J101), provides principles, technical requirements and guidance for design, construction and…

Aker Solutions Establishes office in Gothenburg

International oil services company Aker Solutions takes its subsea business to Sweden through establishment of an office in Gothenburg. The objective is to tap into the Swedish engineering market to help further grow Aker Solutions’ subsea business. The global subsea oil and gas market is expected to grow significantly over the next decades, driven particularly…

STX Group’s Plan to Sell 20% Stake in STX

In response to the various media articles relating to the STX Group’s plan to sell a 20 per cent stake in STX OSV Holdings Limited (“STX OSV”), the Board of STX OSV understands after clarification with STX Europe Holding AS (“STX Europe”), that STX Europe is continually exploring opportunities in relation to any strategic option of its interests in its subsidiaries including, STX OSV.

COSCO Corporation Secures Contract Valued USD 66 Million for One Tender Rig

The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) wishes to announce that COSCO (Nantong) Shipyard Co. Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., has secured a contract with SEADRILL to construct a new unit self erecting tender drilling rig T-17 valued at USD66 million, excluding owner furnished drilling equipment.

STX OSV Secures Three Mulit Role Vessels

S T X O S V one of major global designers and shipbuilders of offshore and specialized vessels, is pleased to announce that it has secured new contracts for the design and construction of a series of three Multi Role Vessels (MRV) for DOF ASA.

Seadrill Closes Acquisition Agreement with North Atlantic Drilling Ltd.

Seadrill is pleased to announce that North Atlantic Drilling’s acquisition of our harsh-environment drilling activities was successfully completed on March 31, 2011. Closing of the transaction took place in line with the initial agreement after North Atlantic Drilling successfully completed a private placement of 250,000,000 new shares in February and secured a US$2.0 billion loan facility.