Motive Offshore Group has expanded its business with a six figure investment in a quayside fabrication facility in Dundee Port. After successfully negotiating with the port to take over the site, which boasts a deepwater quay side facility…
PTT Exploration and Production (PTTEP) has entered a partnership agreement with Total E&P Myanmar to divest 50% participating interest in the Myanmar MD-7 project, offshore Myanmar. Operator PTTEP will collaborate with Total in the exploration and development activities in the block…
McDermott International plans to construct offshore production solutions in Saudi Arabia. McDermott signed a memorandum of understanding with Saudi Aramco for a long-term land lease at the new maritime facility at Ras Al Khair in Saudi Arabia…
Bosch Rexroth has received an order from GustoMSC to engineer, manufacture and commission the drive and control system for GustoMSC's most recent model in its series of continuous jacking systems. It is intended for a Japanese construction vessel…
Subsea Global Solutions (SGS), a portfolio company of Denver-based private equity firm Lariat Partners, has acquired All-Sea Underwater Solutions (All-Sea), enabling the company to provide underwater ship maintenance, repair and marine construction solutions across the globe…
Polarcus has secured another extension for its 3D marine seismic project in South America. The original award, announced on 15 December 2015, was awarded by an undisclosed client for a 3D marine seismic project in South America utilizing…
SapuraKencana Petroleum Berhad’s (SKPB) has signed several awards through its wholly-owned subsidiaries with a combined value of approximately US$97.4 million (RM 433.6 million). SapuraKencana TL Offshore Sdn. Bhd. (SKTLO) has been awarded…
Odfjell Drilling has signed a conditional letter of award with an oil major for a one well contract to be drilled by the sixth generation semisubmersible, Deepsea Stavanger, offshore South Africa. The contract commencement is back to…
Royal Boskalis Westminster has sold all of its remaining stake in Fugro. Boskalis went from owning 28.6% stake in Fugro at the end of 2015, to 9.38% in December 2016. The reduction was accomplished through a successful accelerated bookbuild via which 7…
Interventek Subsea Engineering has signed a two-year exclusive deal with Louisiana-based Professional Rental Tools (PRT) to supply its in-riser Revolution valve for well intervention operations in the Gulf of Mexico. Interventek will supply its 6…
Farstad Shipping has been awarded six global charter and extension contracts with several companies. The anchor handling tug supply vessel Far Sigma has been awarded a one well contract by Lundin Norway to support their drilling program…
Sparrows Group has secured a five-year contract to deliver hydraulic, lifting and rigging services for Maersk Oil’s UK floating assets. The agreement will see Sparrows support the operator in strengthening its lifting operations for the…
Ocean Rig has reached a US$25 million settlement agreement with Premier Oil and Noble Energy over disputed invoices for the Eirik Raude semisubmersible. Image of the Eirik Raude, from Ocean Rig…
SeaBird Exploration has signed an agreement to provide a 2D seismic vessel for an upcoming survey in the Caribbean. The project is anticipated to commence in the second half of March and will have a duration of approximately one month. SeaBird will be using the Harrier Explorer for the project…
Newfield Exploration Co. signed a sales agreement with some of its joint venture partners to divest its non-operated 12% stake in the Bohai Bay field in China for approximately US$39 million. The deal is subject to customary regulatory approval…
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