Offshore News

 

Weatherford Signs Liner-Hanger Frame Deal with Equinor

Aug 29, 2019

The multinational oil and natural gas service company Weatherford International announced it has signed an $80 million liner-hanger frame agreement with Norwegian oil and gas company Equinor.The four-year deal represents the largest liner-hanger frame agreement ever signed by Weatherford…

PG to Deliver Cargo Systems for MPSV Newbuilds

Aug 28, 2019

Norwegian-based PG Flow Solutions said on Wednesday it has secured orders to supply large liquid-cargo systems and associated equipment for two multipurpose support vessels (MPSV) being constructed in China for an undisclosed shipowner.Under the contract with Fujian Mawei Shipbuilding…

Bourbon Oceanteam 101 Charter Extended

Aug 28, 2019

Oceanteam and Bourbon charter contract for the construction support vessel (CSV) Bourbon Oceanteam 101 (CSV BO 101) has been extended for operations in Angola.The CSV BO 101 is jointly owned by Bourbon and Oceanteam.The current charter agreement…

$84Mln New Contract Awards for Valaris

Aug 28, 2019

Offshore drilling contractor Valaris has been awarded new contracts and contract extensions for its rigs, with associated revenue backlog of $84 million.The largest offshore drilling and well drilling company in the world, formerly known as EnscoRowan…

MODU Market to Grow 9% by 2023

Aug 27, 2019

The global market for mobile offshore drilling units (MODU) is expected to expand at a CAGR of almost 9% during 2019-2023, according to a recent report.The report by ResearchAndMarkets predicts exploration and production (E&P) operations will…

FLNG Project Count Hits 20

Aug 26, 2019

Finance — or at least project economics based on long-term commodity prices — appear to be factors limiting a surge in investments in floating liquefied natural gas (FLNG) a new study by U.S.-based numbers cruncher, World Energy Reports, revealed Monday…

Chinese Survey Ship Nears Vietnam Coast

Aug 25, 2019

A Chinese survey vessel on Saturday extended its activities to an area closer to Vietnam's coastline, ship tracking data showed, after the United States and Australia expressed concern about China's actions in the disputed waterways.The Haiyang…

BP Orders BOS 2600 Offshore Crane

Aug 23, 2019

Ship cranes manufacturer Liebherr-MCCtec Rostock GmbH together with China's Yantai CIMC Raffles Shipyard signed a contract concerning the delivery of a board offshore crane, type BOS 2600.The German maritime cranes maker said BP will use the…

GC Rieber Shipping Fleet Utilisation Hits 100%

Aug 22, 2019

Norwegian shipping company GC Rieber Shipping ASA had a fleet utilization of 100% in the second quarter of 2019.The operator of offshore subsea support vessels, marine seismic vessels and polar logistics and research expeditions said that the…

Topaz Revenue Climbs

Aug 22, 2019

Revenue of Topaz Energy and Marine of the United Arab Emirates (UAE) for the six-month period of 2019 was $235 million, an increase of 56% compared to H1 2018.Dubai-based offshore vessel operator’s first-half net income also surged to $42 million…

Formosa 1 Phase 2 Foundations Installed

Aug 20, 2019

Jan De Nul Group said it has installed all 20 foundations for the 120-megawatt (MW) Formosa 1 Phase 2 wind farm offshore Taiwan.As part of the Dutch company mobilized the Seaway Yudin to install the foundations as part of its EPCI contract for building of the overall balance of plant…

Rotterdam Port Rides High on Offshore Waves

Aug 20, 2019

The largest port in Europe, the Port of Rotterdam has reported a new transhipment record for the first six months of 2019 - 240.7 million tonnes, or a 3.4% increase compared to 2018.The offshore sector also made a significant contribution to the maritime activity…

Jumbo's Fairplayer to Test Biofuel Oil

Aug 19, 2019

Heavy lift shipping and offshore transportation and installation contractor Jumbo said it has partnered with marine biofuel company GoodFuels in a joint venture initiative to test marine biofuel oil on board a DP2 heavy lift crane vessel during an offshore decommissioning project…

MODEC Raises $1bln Bond for FPSO Project

Aug 16, 2019

Japanese FPSO provider MODEC has decided to issue project bonds to international investors to refinance a floating production, storage and offloading  (FPSO) vessel chartered to the TUPI consortium.TUPI consortium is led by Petrobras with the…

Chinese Ship Returns to Vietnam's EEZ

Aug 13, 2019

A Chinese survey ship returned to Vietnam's exclusive economic zone off its coast on Tuesday, ship tracking data showed, less than a week after it left the area where vessels from the two countries were locked in a month-long standoff.The Haiyang…

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