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…
Kongsberg Maritime’s ‘Full Picture’ solution has been selected by Chinese and Korean shipbuilders for 13 advanced newbuild offshore vessels with a total value of NOK330 million. Dalian Shipbuilding Industry Offshore Co. (DSIC), CIMC Raffles (CIMC)…
Australia-head quartered WorleyParsons has agreed a memorandum of understanding (MOU) with Wison Offshore & Marine to jointly work on ship-shaped floating LNG (FLNG), FPSO and other similar offshore oil and gas projects, targeting Australasia…
The Doo Sung rig was contracted in and brought to Shell standards to deliver the campaign. Doo Sung is Korea’s only semi- submersible drilling unit, built in 1984 by Daewoo Shipbuilding Co., and owned by KNOC…
China National Petroleum Corporation (CNPC) found hydrocarbons on the Zhongjannan exploration project, off the Paracel or Xisha Islands, in the South China, the firm announced. Drilling, using the 2011-delivered, deepwater, HYSY-981…
Malaysia's Sumatec Resources Bhd plans to buy Kazakhstan's Borneo Energy Oil and Gas Ltd. for US$250million (RM800million) in cash and shares. Sumatec announced on 11 July 2014 that it had signed a framework agreement with Abu Talib Abdul Rahman and Dr…
Hyundai Heavy Industries Co. Ltd. (HHI), the world’s biggest shipbuilder and a leading offshore facilities contractor, announced that it has developed a new automatic welding process to build offshore facilities. The new hot-wire TIG…
Baker Hughes issued the June 2014 international rotary drilling rig count this week, showing a total of 1344 rigs operating outside the US & Canada in June. International activity was down 6 rigs from the 1350 rigs drilling in May 2014…
On 25 June, London-based Premier Oil plc announced the appointment of Tony Durrant as Chief Executive Officer. Durrant joined Premier in June 2005 and has served as Finance Director of the company for nine years. Prior to joining Premier…
Oil production began today at the Dua oil project, operated by Premier Oil offshore Vietnam, 40 years after the field was discovered. The Dua field discovery well, Dua-1X, was drilled in 1974 and flowed 1500 bo/d. Premier Oil acquired…
Macgregor, a Cargotec company, has secured contracts from Bumi Armada Berhad, a Malaysia-based international offshore oilfied services provider, to supply equipment for two projects that will be booked into the company’s Q2 2014 order intake…
Allseas mega-vessel, the Pieter Schelte, is to be completed in the port of Rotterdam. Owner and designer Allseas and the Port of Rotterdam Authority have signed an agreement for the Pieter Schelte to arrive in Rotterdam, from Korea, where…
Ezra Holdings has revealed plans to consolidate its offshore support services division, EMAS Marine, into its associated company, Olso Børs-listed EOC Limited. Once complete, the enlarged EOC Group would be one of the largest offshore support operators in Asia Pacific by asset value…
COSCO (Guang Dong) Shipyard Co. is going to build a further two platform supply vessels of the ULSTEIN PX121 design for Vroon Offshore Services, the Netherlands. Ulstein has entered into an agreement with COSCO on delivering ship design…
Hyundai Heavy Industries (HHI) has received a letter of award (LOA) from Abu Ahabi Marine Operating Compnay for a US$1.94 billion order for the second package of the Nasr Full Field Development Project. Under the LOA, HHI would undertake engineering…
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