Intellian, a provider of stabilized marine satellite antenna systems, opened a second R&D center in Seoul’s Technology Valley, in conjunction with the relocation of its administrative office from Gangnam. The site was chosen to be closer…
Aqualis Offshore has been reappointed by United India Insurance Co. to provide marine warranty services to the Oil and Natural Gas Corp. (ONGC), offshore India. Under the agreement, Aqualis will provide marine warranty services to ONGC´s…
China National Offshore Oil Corp. (CNOOC) commenced production at the Dongfang1-1 gas field Phase I adjustment project ahead of schedule, in the South China Sea. Image from CNOOC. The…
The global capital spending on newbuild and converted floating production storage and offloading (FPSO) vessels could reach US$8.65 billion this year, according to consultancy firm Visiongain. The largest spend will be focused on offshore…
Swiber Holdings announced that its subsidiary Swiber Offshore Construction (SOCPL) has established a wholly-owned subsidiary in Singapore known as Whitmer Offshore (WOPL). The initial issued share capital of WOPL is US$100. WOPL…
ALE is half way through the Malikai project in Malaysia, which is expected to include the world’s highest jackup and skidding operation. The global heavylift specialist was awarded the contracts for the Malikai project on behalf of TMJV…
Noble Energy’s Aphrodite in the Eastern Mediterranean has been deemed commercial, according to the Delek Group. Map of Cyprus. From Noble. Aphrodite is located offshore Cyprus…
Mitra Energy’s Vietnam subsidiary began a 3D seismic survey acquisition offshore Vietnam at Block 127 that will cover a full-fold area of 533sq km. Map of Block 127. From Mitra. The…
Shell Todd Oil Services (STOS) is a step closer to its latest drilling program on the Māui field offshore New Zealand. New Zealand's Environmental Protection Authority (EPA) has given a 35-year marine consent to the company, a joint venture between Shell and Todd Petroleum Mining…
Construction of Subsea 7’s heavy construction vessel, the Seven Arctic, is proceeding on schedule with the vessel targeted for delivery in 2016. The vessel, which is in dry dock at Hyundai Heavy Industries in South Korea, is being readied…
A drilling exploration program is set to begin at Cambodia Offshore Block D offshore Thailand, after a project cooperation agreement was signed between subsidiaries of Mirach Energy and Landocean Energy. Map of Block D…
Höegh LNG Holdings announced that the company has ordered its floating storage and regasification unit, FSRU#8, at Hyundai Heavy Industries (HHI) in South Korea. FSRU#8 is designed to the highest specifications, has full trading capability…
Israel’s Delek Group is proposing a US$155 million deal to acquire 19.9% stake in Block 12, offshore Cyprus, from Houston-based Noble Energy. Map from Noble. Block 12 covers approximately 2684sq km in the Eastern Mediterranean Sea…
About US$336 billion (€300 billion) could be spent in offshore wind capex over the next 10 years, with cumulative capacity surpassing 57GW. Douglas Westwood’s Rachel Stonehouse explains. Cumulative offshore wind capacity is forecast to reach 57GW by 2024…
China National Offshore Oil Corp. (CNOOC) discovered a mid-sized oil find at Liuhua 20-2 in the eastern South China Sea. Oil was found at the LH20-2-1 well, located at the Liuhua 20-2 structure in Northern Slope Belt of Baiyun Sag in…