Saipem was awarded offshore drilling contracts worth approximately US$540 million in Indonesia, Nigeria, the Arabian Gulf and Latin America. The contracts refer to four different units of Saipem’s fleet. Indonesia contract Eni Muara Bakau B…
Hong Kong-based CNOOC Ltd. announced the Lishui 36-1 gas field began production. The Lishui 36-1 gas field is located 150km from Wenzhou city Zhejiang province, with an average water depth of approximately 84m. The gas field has four producing wells…
Statoil released a video showing the Valemon topside arriving on 26 July 2014 near Stavanger, Norway after a 40-day trip from South Korea. The topsides set sail in June from the Geoje yard in South Korea, where Statoil contracted…
Topsides were lifted into place on the 9150-tonne steel jacket on the Valemon field in the Norwegian North Sea on 28 July, operator Statoil announced. Statoil's Valemon. Photo from Statoil's Andre Osmundsen…
ABS and the Maritime and Port Authority of Singapore (MPA) signed a memorandum of understanding (MOU) today to promote maritime research and development (R&D) and innovation. Over the next five years, ABS and MPA will collaborate on maritime…
The Hoegh LNG-owned Perusahaan Gas Negara (PGN) floating storage and regasification unit (FSRU) Lampung received its first cargo of LNG through ship-to-ship transfer on 27 July offshore Indonesia. It entered its final commissioning phase…
The Philippines Department of Energy (DOE) launched the 5th Philippine Energy Contracting Round (PECR5) on 9 May 2014, and scheduled international roadshows in Texas (12-16 May 2014), Singapore (10-14 June 2014), and Turkey (14-17 September…
The Ministry of Environment and Urban Planning of Turkey approved the Environmental Impact Assessment (EIA) report for South Stream's offshore section in Turkey. The report contains the assessment of potential environmental impacts caused by the gas pipeline construction…
Australia-based Octanex and its joint venture partners have secured financing for the development of Ophir field, offshore Malaysia. A letter of offer was accepted for syndicated term loan facilities of up to nearly US$118.8 million for…
Singapore's Cosco announced on 23 July that the Cosco (Nantong) Shipyard, delivered jackup Kai Xuan Yi Hao to an unamed Asian buyer. The jackup, which measures 66.71m in length of all and is 67.06m wide, can operate at water depths of…
Semco Maritime and PetroVietnam Marine Shipyard (PVMS) establish Vung Tau Rig Services in Vietnam to repair, refurbish and upgrade rigs. Semco Maritime and PVMS have worked together since 2012 and aim to offer high quality and cost efficient solutions…
Talisman Energy has confirmed that it has been approached by Spain's Repsol over 'various transactions.' Repsol has been reported to have been considering a bid for Canada-based Talisman, Bloomberg reported. A statement from Talisman…
Singapore-based COSCO Corporation is looking for a buyer for ATP Oil & Gas (UK)’s Octabuoy facility. COSCO’s Nantong yard ceased work on the project, a semisubmersible dry-tree production platform, which had been due to be used on ATP’s UK North Sea Cheviot field development…
Singapore's Maritime and Port Authority (MPA) has said three people have died after a semisubmersible barge underdoing trials sank 2 nautical miles northeast of Sekupang, Batam, Indonesia, on Friday (18 July). The barge was the POSH MOGAMI…
Singapore's PACC Offshore Services Holdings Pte. Ltd. (POSH), Asia’s largest operator of offshore supply vessels, announced yesterday that Mexican conglomerate Grupo Pegaso has signed an agreement for vessels with POSH joint ventures in Mexico…