Embattled Brazilian state-owned energy firm Petrobras has approved a new five-year investment plan for 2015-2019, which slashes total investments by 41% from last year’s estimates, the company announced on 29 June. Last year, the company announced it planned a total capex of US$220…
The Petrobras Lava Jato (Car Wash) scandal is hitting Asia this week, as the names of two Singaporean shipbuilders are coming back into play for allegedly being linked to one of the largest oil and gas bribery and corruption waves to hit South America…
Helix Energy Solutions’ subsidiary Helix Q5000 Holdings S.A.R.L. took delivery of the Q5000 semisubmersible well intervention vessel from Sembcorp Marine’s Jurong Shipyard on 30 April. In conjunction with delivery of the vessel, Helix Q5000 Holdings S…
A tribunal has rejected a bid by the Ivory Coast to stop oil and gas exploration and development activities in a disputed area between its waters and offshore Ghana. The ruling paves the way for UK-headquartered Tullow Oil to continue with its TEN Project offshore Ghana…
Dutch offshore contractor Heerema Offshore Services has inked a deal with a Singapore shipyard to build what it says will be the world's largest semisubmersible crane vessel (pictured). The vessel, whose designed was unveiled in March last year…
Helix Energy Solutions awarded Osbit Power a contract to manufacture three sets of offshore well-intervention equipment that include intervention tension frames (ITFs) and walk to work access systems. A…
Alan Thorpe recently paid a visit to Singapore’s shipyards. He gives a rundown of some of the current floating production and storage unit conversions underway in Singapore and in Malaysia. The…
Singapore’s Jurong Shipyard awarded Ezra Holding subsidiary London Marine Consultants (LMC), a contract to supply an external turret mooring system for the Libra field’s extended well test (EWT) FPSO vessel. The Libra oil field is a large…
Tullow Oil is to “significantly reduce” its 2015 exploration spend and focus on its West African producing assets, including the TEN development project, amid falling oil prices. The move will see Tullow’s investment focus on West Africa…
Deltamarin Ltd. entered into a contract with Jurong Shipyard Pte Ltd. for the conversion of Teekay’s Navion Norvegia to the Libra floating production, storage and offloading unit (FPSO), for operations in the Libra field, offshore Brazil…
Sembcorp Marine's subsidiaries Sembmarine SLP and Jurong Shipyard have secured offshore energy related contracts worth at a combined S$222 million (US$177 million). The firm's 70% owned UK-based firm Sembmarine SLP is to build a new offshore…
Maersk Drilling’s Convincer jackup rig received an additional one-year extension from Petronas Carigali, E&P subsidiary of Malaysia’s national oil company. The US$56 million contract is expected to end mid-November 2015. “Together with Petronas Carigali…
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…
Brazilian drilling contractor Odebrecht Oil & Gas (OOG) announced that Roberto Simões will take over as the company CEO. Simões has been VP at Odebrecht since 2012, replacing Roberto Ramos. Odebrecht SA incorporated Odebrecht Óleo e Gás in 2006…
INTECSEA UK has been awarded a subsea front-end engineering and design (FEED) contract for Maersk Oil UK's US$4.7 billion Culzean ultra-high-pressure, high-temperature development in the North Sea. The contract, which includes optional…
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