National Oilwell Varco, a provider of equipment and components used in oil and gas drilling and production, announced new contract award for submerged turret production (STP) system.APL, part of NOV's Completion & Production Solutions segment…
The final investment decisions (FIDs) could be reached on as many as 38 new UK offshore projects over the next three years, representing $22.6 billion in greenfield expenditure if UK prospective resources live up to expectations.Rystad Energy…
The Scottish Government announced that it has awarded engineering company Orbital Marine Power GBP3.4mln (USD 4.1million) in funding for its floating tidal turbine, which is the world’s most powerful.The Scottish engineering company is the first…
Ballast water treatment (BWT) specialist Optimarin said that the recovery of the offshore shipping segment is playing a key role in driving its revenues to new heights.The Stavanger, Norway-based business, which has focused exclusively on BWT for the last 25 years…
UK-based Specialist Marine Consultants (SMC) has been awarded a contract to provide Marine Coordination services to Siemens Gamesa Renewable Energy (SGRE) at the Formosa 1 offshore wind farm, Taiwan’s first commercial offshore windfarm.The Formosa…
The multinational oil and natural gas service company Weatherford International announced it has signed an $80 million liner-hanger frame agreement with Norwegian oil and gas company Equinor.The four-year deal represents the largest liner-hanger frame agreement ever signed by Weatherford…
Norwegian-based PG Flow Solutions said on Wednesday it has secured orders to supply large liquid-cargo systems and associated equipment for two multipurpose support vessels (MPSV) being constructed in China for an undisclosed shipowner.Under the contract with Fujian Mawei Shipbuilding…
Oceanteam and Bourbon charter contract for the construction support vessel (CSV) Bourbon Oceanteam 101 (CSV BO 101) has been extended for operations in Angola.The CSV BO 101 is jointly owned by Bourbon and Oceanteam.The current charter agreement…
Offshore drilling contractor Valaris has been awarded new contracts and contract extensions for its rigs, with associated revenue backlog of $84 million.The largest offshore drilling and well drilling company in the world, formerly known as EnscoRowan…
The global market for mobile offshore drilling units (MODU) is expected to expand at a CAGR of almost 9% during 2019-2023, according to a recent report.The report by ResearchAndMarkets predicts exploration and production (E&P) operations will…
Finance — or at least project economics based on long-term commodity prices — appear to be factors limiting a surge in investments in floating liquefied natural gas (FLNG) a new study by U.S.-based numbers cruncher, World Energy Reports, revealed Monday…
A Chinese survey vessel on Saturday extended its activities to an area closer to Vietnam's coastline, ship tracking data showed, after the United States and Australia expressed concern about China's actions in the disputed waterways.The Haiyang…
Ship cranes manufacturer Liebherr-MCCtec Rostock GmbH together with China's Yantai CIMC Raffles Shipyard signed a contract concerning the delivery of a board offshore crane, type BOS 2600.The German maritime cranes maker said BP will use the…
Norwegian shipping company GC Rieber Shipping ASA had a fleet utilization of 100% in the second quarter of 2019.The operator of offshore subsea support vessels, marine seismic vessels and polar logistics and research expeditions said that the…
Revenue of Topaz Energy and Marine of the United Arab Emirates (UAE) for the six-month period of 2019 was $235 million, an increase of 56% compared to H1 2018.Dubai-based offshore vessel operator’s first-half net income also surged to $42 million…