Aker Yards, Damen Finalize Agreement
Aker Yards and Damen Shipyards Group have finalized the process of establishing joint ownership of the Damen Shipyards Okean. The plans involve increasing the output capacity of the yard to 60…
U.K. Eyes Deepwater Wind Farms
As Britain's North Sea oil and gas stocks dwindle, the government is seeking new ways of harnessing natural resources to ensure a diverse and secure future energy supply.
TOP Tankers Slips In 2Q
TOP Tankers Inc. posted a second quarter net loss of $4.91m, or $0.17 per share compared to net income of $13.55m, or $0.49 per share, in the prior year quarter.
Offshore Oil Industry Encouraged by Senate Bill
Big oil has been pressing Congress for years to expand its rights to drill for domestic offshore oil and gas, with little to show for its efforts. But with tensions…
M-I SWACO Acquires SPS
M-I SWACO acquired Specialised Petroleum Services Group Limited (SPS) of Aberdeen, Scotland in exchange for cash consideration of approximately $165m. The acquired…
Daewoo Shipbuilding Shares Surge on M&A Talk
South Korea's Daewoo Shipbuilding and Marine Engineering Co. shares rose as much as 6.7 percent on August 3 after a local newspaper said steel maker POSCO Co. Ltd.
