PTSC South East Asia (PTSC SEA) has received a 5-year extension for the bareboat charter contract for FSO PTSC Bien Dong 01.PTSC South East Asia is a joint venture between Malaysia's Yinson Production (“YP”) and PetroVietnam Technical Services Corporation (PTSC)…
The Norwegian Parliament on Tuesday approved the plans for further development of Valhall field in the Norwegian part of the North Sea, and the development and operation of the Fenris project, both operated by Aker BP.The Valhall PWP-Fenris project…
Sperry Marine has secured the contract to deliver complete navigation systems including its VisionMaster Net bridge, NAVIGAT gyrocompass, and NAVIPILOT 4500N autopilot for four vessels under construction for SAL Heavy Lift at WuHu shipyard, China…
Offshore installation services company Subsea 7 on Tuesday announced an extension of its existing frame agreement with the Norwegian oil company Aker BP for four years to the end of 2028. The agreement covers the provision of engineering, fabrication and installation activities for subsea umbilical…
ExxonMobil in Canada is investigating an incident aboard the Hebron offshore platform in which a 6.8 kg piece of equipment was launched across the pipe deck and dropped 21 meters on the walkway on the deck below.The company reported that on May 28…
Norway's Kongsberg Maritime on Tuesday showcased a new line of offshore ship designs in its UT Design portfolio. The new anchor handler (AHT) and platform supply vessels (PSV) have the option to include alternative energy sources and fuels, such as methanol…
Democratic Republic of Congo is nearing an agreement with neighbouring Angola over one of the offshore blocks between the countries that have been the subject of a 50-year dispute, Congo's oil minister told Reuters. Under the terms of the production-sharing deal proposed by Angola and Chevron…
Kazakhstan cut its oil production (excluding gas condensate) by 3% on a daily basis in May compared to April to 1.55 million barrels per day (bpd), Reuters calculations based on data from two sources familiar with preliminary data showed on Monday…
Norwegian FPSO vessel owner BW Offshore has recently secured short contract extensions for two of its FPSOs operating in Africa.On Friday, BW Offshore said it had signed a short-term extension for the lease and operation of the FPSO Espoir Ivoirien…
The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+ which pumps around 40% of the world's crude, agreed on a new oil output deal on Sunday.Saudi Arabia, the group's biggest producer, will…
The MN1 oil production well at the OMV-operated Maari/Manaia field offshore New Zealand has restarted production after having been offline since May 2022.Cue Energy, a partner in the Maari Joint venture, on Friday, announced the successful repair of the well…
Malaysian FPSO leasing firm Bumi Armada said Friday that its Armada Kraken FPSO, on a contract with EnQuest in the UK North Sea, was recently shut-in following the failure of critical hydraulic submersible pump (HSP) transformers. The Kraken…
Danish transmission system operator Energinet has awarded the Dutch offshore services firm Fugro a new contract to provide floating wind lidar measurements for five offshore wind projects in Denmark.Fugro will install and operate ten SEAWATCH Wind Lidar Buoys across three main locations…
A global shortfall in crude oil supply is set to deepen in the third quarter as the world's top exporter Saudi Arabia pledged extra output cuts from July in a move likely to push Brent towards $100 a barrel by the end of the year, analysts said…
Marine geophysical company PXGEO has ordered more than 20 autonomous underwater vehicles from Saab.The order, for Saab's Sabertooth autonomous underwater vehicle, is worth SEK 620 million (currently around $57,1 million) and deliveries will take place 2023-2025…