Singapore-based Sembcorp Marine entered into an agreement to sell its 30% stake in Cosco Shipyard Group (CSG) in a US$156 million (S$220.68 million) deal with China Ocean Shipping Group Co. (COSCO), eliminating the majority of Sembcorp’s interest in CSG…
The 2016 development drilling program offshore southern Vietnam on the Te Giac Trang (TGT) Field of Block 16-1 has commenced, announced SOCO. The infill wells, TGT-27P and TGT-28P, will be batch drilled with the first well spudded on…
Keppel Corp. has entered a deal with fellow Singaporean company, KrisEnergy, to invest up to US$101 million (S$140 million), and raise its stake in the oil and gas company. Image from KrisEnergy…
Novenco has signed a contract with Singaporean contractor SMOP for delivery of HVAC equipment of air handling units (AHUs), fans and cooling equipment for the construction of the three platforms in the Culzean gas field in the UK sector of the North Sea…
Daniel Sack, of EMAS Chiyoda Subsea, has spent three decades in the oil and gas industry following and participating in the next big step changes in technology – one subsea project at a time. Audrey Leon found out more. Daniel…
Mozambique’s emerging LNG business may be picking up after a quiet period. John Sheehan reports on progress made, including Eni’s Coral FLNG project. An Anadarko employee. Images from Anadarko…
Mubadala Petroleum has reached agreement with Petrofac for the modification and extension of contracts related to the FPF-003 floating production, storage and offloading vessel (FPSO), which continued extension of the Jasmine development’s field life…
EMAS Offshore announced net loss of US$265.3 million for the full year ended 31 August 2016 due to revenue decline in its offshore support vessel (OSV) unit. Net loss for the three months ended 31 August 2016 stood at $98.5 million.The group recorded revenue of $167…
Inpex made a gas find at an exploration well offshore the Shimane and Yamaguchi prefectures in Japan. The Transocean M.G. Hulme Jr., from Inpex. The Transocean M.G. Hulme Jr. semisubmersible…
Mekers Offshore launched its first in a series of liftboats at Dajin Heavy Industries yard in Jiangsu, China. The self-elevating liftboat is a four-legged, DP2, self-propelled vessel with a working depth of 70m. It can house up to 250…
Sembcorp Marine posted a 26% loss in its group revenue that resulted in the rig builder to cut about 8000 jobs amid the tough operating environment, the company revealed in its Q3 2016 and nine month results. Image of the Safe Zephyrus…
Huisman, a specialist in lifting, drilling and subsea solutions, secured a contract from Japan Marine United Corp. for the delivery of one 800-tonne pedestal mounted crane (PMC) and a contract from Jurong Shipyard for the delivery of one 100-tonne pedestal mounted offshore crane (PMOC)…
Keppel Offshore & Marine's (Keppel O&M) subsidiary Keppel Shipyard is on track to deliver a floating production storage and offloading (FPSO) vessel to Armada Madura EPC. Armada Madura is a joint venture between Shapoorji Pallonji and Bumi Armada…
Nido Petroluem is launching a US$24 million (A$31.9 million) offer to fund drilling of an appraisal well to the Galoc discovery, offshore the Philippines. Nido is looking to raise the funds through an 11.2 for 1 pro‐rata renounceable entitlement offer of new shares at an offer price of $…
Singapore’s Keppel is cutting more than 3000 jobs in its offshore and marine division (Keppel O&M) due to slow global growth and weak demand in the first nine months of the year, the company said today (20 October). Image from Keppel…