Malaysia’s UMW Offshore Drilling Sdn. Bhd. and Frontier Oil Corp. signed a US$20 million agreement for Frontier to drill two wells in the Calauit oil field off northwest Palawan in the Philippines. The contract is for a 120-day period with an option to extend for an additional 180 days…
Jee Ltd. was awarded a three-year contract renewal from BP with potential value in excess of US$7.3 million. Trevor Jee, Managing Director of Jee Image: Jee The two…
Maersk Drilling is selling its drilling barge activities in Venezuela to Barrystar Holding, an investment company based in Panama. The activities, registered in the company Maritime Contractors Venezuela (MCVSA), comprise the ownership…
Continental Energy has reached an agreement for the sale of its 51% shareholding stake in Visionaire Energy (VEN) to Norway's Visionaire Invest for consideration of US$1.2 million. VEN is a holding company which owns a 49% equity interest…
Fugro took delivery of the second of the three Fugro offshore coastal survey vessels (FOCSV), being built in Romania at Damen’s Galati shipyard. Fugro Pioneer Image: Damen The Fugro Pioneer is a compact…
Acteon has acquired independent survey services company UTEC Survey. Houston-headquartered UTEC offers services to gather, process and manage data that supports informed decision-making across the entire life of a subsea field. It generated revenues in excess of US$84 million…
McDermott International, Inc. expects its latest vessel, construction support vessel 108 (CSV 108), to join the fleet in 2015. The McDermott CSV108 is expected to join the fleet in 2015, once the final deck equipment has been installed…
PMI Energy Services opened a shorebase in Morgan City, Louisiana, focused on supporting shelf, coastal and inland waters production and drilling activities. PMI MC Shorebase, aerial south to north PMI’s…
Singapore-based Pioneer Marine awarded Wärtsilä a contract to supply 22 bulk carriers under construction at Yangzhou Guoyu Shipbuilding Co. in China, with ballast water management systems. 44 Wärtsilä…
Singapore’s Sembcorp Marine announced they invested millions of dollars in the purchase of an American company and in a new facility in Singapore. The SSP Hub is capable of integrated delivery…
As Petroleum Geo-Services looks to further streamline its operations and cut costs, the company is stacking and considering scrapping or selling two vessels, and selling its PGS Khazar joint venture. PGS says the cuts, along with other initiatives…
Engineering and project services company Clough Ltd. acquired Booth Welsh, a privately owned engineering services company headquartered in Ayrshire, Scotland. The acquisition follows the establishment of Clough’s engineering center in Glasgow earlier this year…
Two years in the making, Aker Solutions and Baker Hughes’ subsea production alliance was rubber-stamped by the regulatory authorities last week. The alliance, which brings together two companies that might not be seen as natural bed-fellows…
Marine and engineering consultancy Aqualis Offshore opened an office in Mexico City, Mexico. This is the tenth country the company has entered since starting operations just over a year ago. In addition, Aqualis Offshore will this month…
Mubadala Petroleum began drilling operations at the Manora oil development in the Northern Gulf Thailand, reported joint venture partner Tap Oil Ltd. The Atwood Orca jackup did the honors of spudding MNA-02, the first of 15 planned development wells…
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