Yinson has completed an $800 million refinancing exercise for FPSO John Agyekum Kufuor, with the loan drawn down on April 14.The FPSO firm had announced the refinancing deal for the FPSO located in Ghana back in November 2019. The company at…
Norwegian energy giant Equinor has awarded IKM Testing a long-term contract for work at Johan Castberg FPSO destined for deployment in the Barents Sea, offshore Norway.The scope of work for IKM Testing covers N2/He Leakage testing & PSV calibration and supplementary work related to testing such as…
Danish offshore wind farm developer Ørsted has signed a 15-year contract with Ta San Shang Marine, chartering the shipping company to build the world's first-ever Taiwan-flagged service operation vessel (SOV) for the operation and maintenance (O&M) of Ørsted's Greater Changhua offshore wind farms…
A Chinese government survey ship embroiled in a standoff with Vietnamese vessels moved south near Malaysia, shipping data showed Thursday, amid accusations that China is using the pandemic to assert its presence in the South China Sea.The Haiyang Dizhi 8 was spotted off Vietnam this week…
The UK-focused oil firm Hurricane Energy has said it is very pleased with the performance of its Lancaster Early Production System offshore the UK.Hurricane started up its Lancaster field west of Scotland's Shetland Islands in May 2019, via the Aoka Mizu FPSO…
A Maersk Supply Service's offshore vessel was a target of an armed robbery in Mexico last weekend.Maersk Supply Service confirmed for Offshore Engineer that the incident occurred on Sunday, April 12 offshore Ciudad Del Carmen, Mexico.Armed robbers boarded Maersk Transporter…
Following a report earlier this week that Singapore would temporarily house foreign workers on offshore flotels due to the COVID-19 crisis, the first group of workers has boarded one of the units.'As part of Singapore's efforts to contain the spread of COVID-19…
Singapore-listed Dyna-Mac has won an order to build two upper hull sections of an offshore vessel.Dyna-Mac said Tuesday that the order, from an unnamed repeat client, was valued at S$6.3 million.Under the terms of the contract, Dyna-Mac’s scope of work includes structural fabrication and erection…
While facing the same challenging market conditions as offshore vessel owners and service companies worldwide, Norway’s Island Offshore recently broke free from the enforced conservatism of the E&P sector, by adding not just a new ship to its fleet…
Several crewmembers aboard Saipem's offshore vessel FDS in a port in the Netherlands have been placed in isolation after a confirmed COVID-19 case aboard.As reported by Saipem last Friday, one crewmember on the pipelayer was disembarked and transferred to isolation after he was confirmed positive…
US-based offshore vessel provider Hornbeck Offshore has struck a comprehensive balance sheet restructuring support agreement with its lenders.The announcement on Tuesday follows Hornbeck’s previous announcement earlier this month when the company…
Norwegian seismic survey company Shearwater has lost two contracts in the Asia Pacific, joining the likes of Polarcus, SeaBird, EMGS which have all been hit by the recent low oil prices and COVID-19 pandemic situation.Shearwater said Tuesday…
Oslo-listed marine seismic company SeaBird Exploration is working to reduce costs further in the wake of uncertainty caused by low oil prices and COVID-19. The company said that in the worst-case scenario it would target to cut the spending to less than $400…
Italian oilfield services provider Saipem has taken delivery of the DLB Norce Endeavour lay pipe barge from Solstad Offshore.As previously reported, following a charter period, Saipem in March elected to buy the vessel from Solstad.The vessel…
Offshore oil and gas contractors Seadrill, Pacific Drilling, and Hermitage Offshore have in the past week received listing warnings from the New York Stock exchange.All three companies have been warned by the New York Stock Exchange (the 'NYSE')…