An overall positive macroeconomic outlook and increased regional infrastructure spending have suggested an improving business environment for the ailing offshore industry
Fugro's ongoing expansion in the offshore wind sector helped boost revenue to almost €435m in the third quarter of 2018, up over 19% on the €364m posted in the same period last year.
Tidewater and GulfMark Offshore have announced the filing of a joint definitive proxy statement and prospectus with the US Securities and Exchange Commission regarding their pending merger.
Firmer oil prices and improving sentiment have been catalysts for several key strategic moves in recent days, as offshore contractors align themselves to make the most of the imminent upturn.
Dutch outfit Bakker Sliedrecht has been hired by Damen Shipyards to provide the main electrical systems for the under construction Bibby WaveMaster Horizon service operations vessel.
