Cost reduction measures continue at Fugro, as the company plans to further reduce its workforce and fleet in the remainder of 2016. Image from Fugro. During 1H 2016, Fugro cut its headcount by 585…
Lundin Petroleum terminated a US$265 million deal with M3nergy Investment for the sale of the Bertam floating production and storage offloading (FPSO) vessel after the Malaysian company failed to secure the required financing. The deal…
Wired drill pipe has been a long time coming. As operators look at cost savings across the full life cycle, the benefits are now being recognized, says NOV’s Leon Hennessy. Drill floor operations…
Malaysia’s MISC has built a minimal facilities FPSO for use on marginal fields. John Sheehan takes a look. Malaysia Marine and Heavy Engineering handle the conversion (fabrication, installation and integration) of the FSO MaMPU 1…
The board of directors of Singapore-based Swiber Holdings has applied to wind up the company. A hearing will be held on 19 August. The firm also applied to put the company into provisional liquidation. Staff from KordaMentha have been appointed provisional liquidators…
BP, operator of the Tangguh LNG (liquified natural gas) project, awarded Saipem a contract for offshore work related to the Tangguh LNG Expansion Project. The award is for the engineering, procurement, construction and installation of offshore facilities…
TIdal turbine maker OpenHydro, a DCNS company, is part of a consortium which has been selected by the Japanese Ministry of the Environment to supply a tidal turbine system for installation at Naru Strait, Goto City, Nagasaki Prefecture. The consortium includes Kyuden Mirai Energy Co…
Large, highly enriched accumulations of natural gas hydrates have been discovered in the Bay of Bengal, India, according to the US Geological Survey (USGS). It is the first discovery of its kind in the Indian Ocean that has the potential to be producible…
International oilfield services company, Expro, has been awarded new contracts from India’s Oil and Natural Gas Corporation ONGC). Worth more than US$17 million over three years, the contracts will see Expro work on ONGC’s assets throughout western and eastern areas of India…
Keppel Corp. reported a 45% decline in its profits in 1H 2016, as the Singaporean shipbuilder announced a reduction in its workforce by more than 5000. Image from Keppel. In the first six months of the year…
Malaysian state oil firm Petronas has awarded its first production sharing contract (PSC) for 2016, and given Thailand's PTTEP its first operatorship in Malaysia. The PSC was awarded to PTTEP HK Offshore, Kufpec Malaysia, and Petronas Carigali for the exploration Block SK410B…
Malaysia's Petronas has appointed a wholly owned subsidiary Vestigo Petroleum to operate the Berantai field facilities. The facilities, about 150km offshore Malaysia, comprise of a wellhead platform connected to a floating production…
Keppel Offshore & Marine (Keppel O&M)'s wholly owned subsidiary Keppel Singmarine has secured contracts from Jan De Nul Group to build three trailing suction hopper dredgers (TSHDs) with an estimated value US$74 million (S$100 million). The…
Offshore drilling services provider Ensco has revealed several global contracts in its latest fleet status report, along with its decision to sell several of its rigs for scrap value. Image from Ensco…
Integrated subsea and offshore solution provider Unique Group, through its subsidiary Unique Maritime Group (SEA), completed the acquisition of Oceanvision PTE Ltd. and Oceanvision Equipment Services PTE Ltd. Oceanvision will now be part…
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