With the recovery in oil prices, deepwater and ultradeep water oil and gas (O&G) projects are the focus of renewed interest. Project viability will come down to a continued focus on cost, but also productivity through high-performing assets…
Though the tanker market has been a global maritime laggard in 2018, with overcapacity cited as the chief culprit, apparently it could not dissuade PAO Sovcomflot (SCF Group) from inking a deal wih Rosneft, Zvezda Shipbuilding Complex and VEB Group for a pair of Aframax tankers…
Seanergy Maritime Holdings Corp. net revenues for six months ended June 30, 2018 were $38.1 million, up 20% from the first half of 2017.The shipping company generated net revenues of $16.8 million for the quarter ended June 30, 2018, an 8% decrease compared to the second quarter of 2017…
The trading arm of China National Offshore Oil Corp (CNOOC) struck a three-year lease for a bigger floating storage and regasification unit (FSRU) from Hoegh LNG as it seeks to boost imports of liquefied natural gas (LNG).In a statement, shipowner…
Nakilat has expanded its joint venture partnership with Greek shipping company Maran Ventures Inc., to include two additional LNG vessels.Maran Nakilat Co. Ltd. was first established in 2005 with four jointly-owned LNG vessels, and was further expanded on several occasions…
GTT announces it has received several orders, since the beginning of the year, for the equipment of three LNG Carriers (LNGCs) and one bunkering vessel. The three LNGCs, offering capacities ranging from 174,000 to 180,000 m3, will be built…
Swiss offshore services firm Allseas is planning to build a vessel big enough to be able to remove the world's largest oil and gas platforms when they reach the end of their production lives, its chief executive said. The vessel, to be called Amazing Grace…
Brazil's Petrobras has awarded Norway-based DOF Subsea two new contracts for ROVs to be installed on the Skandi Angra and Skandi Paraty. The new contracts start in April 2018 and end in September and November 2020, respectively. Further…
Dutch transport and installation firm Heerema Marine Contractors (HMC) has won an additional contract on Maersk Oil's US$3.6 billion Tyra Redevelopment Project offshore Denmark. Following the award of the transportation and installation…
Finnish power firm Wärtsilä is to retrofit an energy storage solution on to Norwegian North Sea Shipping's North Sea Giant offshore construction vessel in what's being described as a world's first. The energy storage system will reduce the DP3 vessel’s energy consumption…
Keppel Offshore & Marine subsidiary Keppel Singmarine has delivered a new multi-purpose ice-class vessel to New Orient Marine, part of Luxembourg-based Maritime Construction Services. The MPV Everest, built to a Keppel O&M design, is the 11th ice-class vessel built by Keppel O&M…
Helix Energy Solutions' Siem Helix 2 newbuild light well intervention vessel has completed the vessel acceptance tests and is now on contract to Petrobras offshore Brazil under a multi-year contract. The Siem Helix 2 joins the Siem Helix 1…
Dutch firm OOS International Group has signed a memorandum of understanding which paves the way for it to bring the largest semisubmersible crane vessel to the market. The new vessel, called the OOS Zeelandia (pictured), would be ordered from China Merchants Industry Holdings…
Keppel Offshore & Marine, through its subsidiaries, has inked new contracts froom Petrobras and SOFEC, worth in total about US$96.22 (S$130 million). Keppel Shipyard's contract from SOFEC is for the fabrication of a turret mooring…
SBM Offshore has been awarded a contract for the delivery of a turret mooring system for Statoil's US$5.9 billion Johan Castberg floating production, storage and offloading (FPSO) vessel. The Norwegian Barents Sea project will tap an…