Offshore News – Finarge Armamento sold to Brazil in $94 million deal – August 2021

Finarge Armamento Genovese Srl was founded in 2008 as a subsidiary of the Italian company Finarge SRL, which was established in 1981 by Italy’s Rimorchiatori Riuniti S.p.A. was sold to Brazil offshore vessel operator CBO as agreed in August, 2021. The total payment amounts to $94.4 million. As outlined in the investment agreement signed by CBO […]

Offshore – Jack Up Oil Rig KEY SINGAPORE laid up as from January 2021

The 1982 built jack up oil rig KEY SINGAPORE arrived from Hamriyah, Sharjah at the United Arab Emirates towed by the anchor handling tug/ supply ship A.H.LIGURIA arriving on Sunday 3rd January, 2021 around 1947 hrs anchoring offshore Malta. She was built in Singapore by Marathon Letourneau Offshore as KEY SINGAPORE and designed as a […]