The well intervention market is a niche one, with only a few main players – including Helix/Well Ops, Island Offshore, AKOFS Offshore and Siem Offshore – and only three key geographical regions; Northwest Europe, South America and the US Gulf of Mexico…
Malaysian offshore vessel operator TAS Offshore has canceled shipbuilding contracts for 16 offshore support vessels.The company had signed the contracts in the 2013-2015 period with two Chinese shipbuilders Guangzhou Hangtong Shipbuilding and Shipping Co…
Shares in South Korean shipbuilders rallied more than 20% on Tuesday following $19 billion worth of deals to build vessels for Qatar Petroleum (QP).QP said on Monday it has signed agreements with South Korea's 'Big 3' shipyards to secure more…
Qatari state-owned oil and gas company Qatar Petroleum has entered into what it says 'are the largest LNG shipbuilding agreements in history to secure more than 100 ships valued in excess of QR 70 billion [USD19,2 billion] to cater for its LNG growth plans…
2020 will be a peak year for floating production, storage and offloading unit (FPSO) demand with up to 14 awards forecast in Wood Mackenzie’s base case scenario, half of which will be located offshore Latin America. Only two of these facilities are expected to be Petrobras units…
Partners in the Barossa project have taken another step toward a final investment decision (FID) with the awarding of the contract for the floating production, storage and offloading (FPSO) facility to MODEC International Inc., project partner Santos announced on Tuesday…
Japanese floating production specialist MODEC has developed a pair of next generation new build hull designs for floating production, storage and offloading (FPSO) vessels developed in partnership with Mitsui E&S Shipbuilding, targeting greater production and storage capacity…
McDermott International said on Tuesday it has been awarded contract from Petrobras for engineering, procurement, construction and installation (EPCI) of subsea risers and flowlines for the first phase of the Sepia field, located 280 kilometers from the Rio de Janeiro coastline in Brazil…
Atlantica Tender Drilling, a provider of management and contract drilling services for oil and gas wells for the offshore tender assist market worldwide, announced that Petrobras has extended the rig BassDrill Beta by 180 days.'Petrobras exercised…
London-based international law firm Watson Farley & Williams (WFW) advised Foresight Group of Dubai on the delivery arrangements relating to a LeTourneau Super 116E jackup drilling rig named “VIVEKANAND 3”.The rig was constructed in China by…
Gazprom and the Zvezda Shipbuilding Complex (SSС Zvezda) signed in St. Petersburg the construction contracts for four vessels.The signing took place at the Offshore Marintec Russia 2018 International Specialized Exhibition and Conference showcasing…
Thousands of Halifax Shipyard shipbuilders, along with the ship’s company, joined Government of Canada and Royal Canadian Navy representatives to celebrate Madame Sophie Grégoire Trudeau, the ship’s sponsor, to officially name Canada’s lead Arctic and Offshore Patrol Ship…
Though the tanker market has been a global maritime laggard in 2018, with overcapacity cited as the chief culprit, apparently it could not dissuade PAO Sovcomflot (SCF Group) from inking a deal wih Rosneft, Zvezda Shipbuilding Complex and VEB Group for a pair of Aframax tankers…
Maersk Supply Service (MSS) has reached agreements with two shipyards to delay nine of its newbuild vessels due to the current market situation. Maersk Master. Image from MSS. A…
Siem Offshore has canceled the fourth of four dual fueled platform supply vessels (PSVs) shipbuilding-contracts with Remontowa Shipbuilding in Poland, due to delay in the delivery. “The company is covered with refund guarantees from an…
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