Norway’s Lundin Petroleum will acquire operatorship and 50% interest from Petronas Carigali in PM328, offshore Malaysia. The agreement is effective on 31 August 2014. In the first 18 months of the three-year production sharing contract (PSC)…
Aberdeen-based Wireline Engineering further expanded its operations in Southeast Asia with an increase in staff and office space. Equipment maintenance is carried out by skilled technicians. Image…
Maersk Drilling named their fourth ultra deepwater drillship this morning in a ceremony held at the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea. Maersk Voyager Image…
China’s Xiamen Shipbuilding Industry awarded MacGregor, part of Cargotec, a series of deck equipment orders for six vessels under construction at the yard. MacGregor will provides winch and deck machinery packages that will be fitted to these six vessels…
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…
Lundin Gurita BV is expected to spud the Gobi-1 well offshore Indonesia by mid-October, announced joint venture partner, Nido Petroleum Ltd. The rig the company expects to use for the well, located in West Natuna basin, will be available by early October…
Allseas' mega-vessel, the Pieter Schelte, is close to leaving Korea for Europe after leaving Daewoo Shipbuilding & Marine Engineering's quayside on Geoje Island for open water for sea trials. Tests on the 382m-long, 124m-wide vessel,…
Sevan Drilling has agreed a 'standstill' arrangement with Cosco (Qidong) Offshore over its drillship, the Sevan Developer. Significant delays in the build of the new deepwater drilling facility, and a drop in the market for deepwater units…
Three tugs of Fairmount Marine have towed the new floating production, storage and offloading (FPSO) vessel Petrojarl Knarr from South Korea to Norway in just 61 days. Petrojarl Knarr, one of world’s largest FPSOs for harsh environments, was delivered to the port of Haugesund…
Houston-based Wild Well Control has unveiled its new subsea capping stack for response to a global deepwater well control incident that will be located in Singapore. Image from Wild Well The Singapore capping stack…
Trelleborg’s offshore unit secured a contract to supply a range of cable protection products for phase two of the offshore wind farm Fukushima FORWARD project, lead by Japanese Ministry of Economy, Trade and Industry. Trelleborg…
Thailand’s Mermaid Maritime Public Co. has been awarded two saturation diving services contracts valued at US$40 to $45 million in the Middle East Mermaid is using the DP3 multipurpose vessel Bourbon Evolution and will additionally deploy specialized diving equipment…
Australia’s oil and gas industry has appointed a new CEO after the departure of Jane Cutler. The contry's National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) new CEO is Stuart Smith. Australian Petroleum…
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…
South Korea has become an international shipbuilding power-house – a name-plate for dozens of global mega-projects stretching from New Foundland to Australia. What is described as “the largest fabrication facility in the world” is in…