Top News of the Week of Mar 03 – Mar 09, 2014

Business & Finance

March 9, 2014

1. Bibby Subsea Continues with Expansion Plans

Bibby Offshore’s newest international division, Houston-based Bibby Subsea, has gone from strength to strength since its launch in October last year, having trebled the team in the past four months.

2. Rowan Renaissance Drillship Arrives in Namibia

Tower Resources plc confirmed that the Rowan Renaissance drillship arrived, as expected, in Walvis Bay, Namibia, yesterday.

3. ABS to Class Two Next-Generation Offshore Construction Vessels

ABS has been selected by Edison Chouest Offshore and Island Offshore through the company Island Ventures II LLC to class two next-generation offshore construction vessels (OCVs).

4. McDermott to Install Subsea Cables for Saudi Aramco in Arabian Gulf

McDermott International, Inc. announced that one of its subsidiaries was awarded a substantial contract to provide the electrical power supply system for Saudi Aramco in the Abu Ali and Khursaniyah fields in the Arabian Gulf.

5. Olympic Shipping Secures Contracts for Newbuild Vessels

Olympic Shipping plans to take delivery of two Subsea Support newbuilds from Kleven Maritime in 2014 and 2015.

Top News of the Week of Feb 17 – Feb 23, 2014