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SBM Offshore News

 

Bumi Armada Loses Woodside FPSO Case

Jan 24, 2020

Malaysian FPSO specialist Bumi Armada's claim against Australia's oil firm Woodside for a 2016 FPSO contract termination has been dismissed in court.Woodside in 2016 terminated the contract for the Armada Claire FPSO unit that was operating at the Balnaves Field, offshore north-western Australia since August 2014.Bumi Armada, via its Armada Balnaves subsidiary, deemed the termination unlawful, and then took legal action against Woodside…

Report: Borr Finds More Work for Mist Jack-Up Rig

4 hours ago

Offshore drilling rig contractor Borr Drilling has reportedly secured more work for its Mist jack-up rig.According to Norwegian media, the Borr has secured an eight-month contract for the Keppel-built offshore drilling unit.Finansavisen recently reported that Svend Anton Maier…

Oil Spill from S-Oil's Offshore Buoy Contained Off S.Korea

5 hours ago

A crude oil spill from South Korea's S-Oil's offshore buoy was contained off the southeastern coast of South Korea, the country's coast guard and the refiner said on Wednesday. The leak occurred early Wednesday as the offshore buoy's pressure gauge was broken but the source of the leak was sealed…

Kuok in Compulsory Takeover of Remaining POSH Shares

Jan 28, 2020

Quetzal Capital, a Kuok Group company, has launched compulsory acquisition for the remaining shares of the Singapore-based offshore vessel operator PACC Offshore Services Holdings, also known as POSH. Quetzal had launched a cash takeover offer for POSH back in November 2019…

Fugro Takes Part in Cambodia's First Oil Development

Jan 28, 2020

KrisEnergy has hired the Dutch offshore survey services provider Fugro to carry out a geotechnical survey at the Apsara oil field, offshore Cambodia.The Apsara field lies over the Khmer Basin, an unproduced geological basin in Cambodian maritime waters in the Gulf of Thailand…

OMV Hires Solstad PSV for New Zealand Campaign

Jan 28, 2020

Norwegian offshore shipping company Solstad Offshore has signed a contract with OMV Taranaki Ltd for the provision of a Platform Supply Vessel for the oil company's operations in New Zealand.The platform supply vessel Normand Tortuga will support…

Shearwater Scores More Seismic Work in India

Jan 28, 2020

Norwegian seismic contractor Shearwater GeoServices has secured back-to-back 3D survey work offshore India.Under the contract, awarded by Reliance, Shearwater will carry a 3D broadband marine seismic acquisition project in the Bay of Bengal…

Iran Goes Solo at South Pars Field as Total, CNPC Pull Out

Jan 27, 2020

Iran’s Petropars will develop phase 11 of South Pars, the world’s largest gas field, after the withdrawal of French oil major Total and the China National Petroleum Corp (CNPC), Iran’s oil minister was quoted as saying on Saturday. “Now with the exit of the other two companies from the contract…

Pacific Radiance Eyeing New Loan Source

Jan 24, 2020

Singapore-based offshore vessel owner Pacific Radiance has started loan talks with „a global investment fund“ after its discussions with an investor stalled in December 2019.Pacific Radiance had in August 2019 said it was in talks with an unnamed financier over a $180 million loan which it would…

Permanent Deals for Monadelphous' Ichthys Workers

Jan 24, 2020

Australian unions have negotiated permanent contracts for 70 percent of their members working for Monadelphous aboard Inpex facilities.'The Offshore Alliance and [Electrical Trades Union] negotiated Monadelphous INPEX facilities EBA [Enterprise…

Keppel O&M Turns Profitable in 2019

Jan 23, 2020

Singapore's Keppel Corp. Offshore & Marine division posted a profit for the full year 2019 citing cost cuts and lower impairment costs.For the full year, Keppel O&M posted a net profit of S$10 million, a significant increase compared to a loss of S$109 in 2018…

New Contracts for DOF in Australia

Jan 22, 2020

Norwegian offshore support vessel owner DOF Subsea has said it has won several-contract awards in the Asia Pacific region.'DOF Subsea is pleased to announce several contract-awards in the APAC region, securing further vessel and resource utilization in Q1 and the first part of Q2 2020…

Shearwater Clinches 3D Survey Work Offshore India

Jan 22, 2020

Shearwater GeoServices will carry out a 3D marine seismic survey offshore India under a new contract awarded by ONGC.The Norwegian seismic company will start the 3D broadband marine seismic acquisition campaign in Q1 2020.The 4-month survey for the Indian oil company covers 2…

Caspian Sunrise Buying Offshore Exploration Vessel

Jan 21, 2020

Caspian Sunrise, a Kazakhstan-focused oil and gas explorer, is venturing into offshore oil and gas exploration. The company, which has mostly been focused on onshore activities on Tuesday proposed the acquisition of the  Caspian Explorer drilling vessel…

Malaysian Stock Exchange to Delist Perisai

Jan 20, 2020

Malaysian offshore vessel and rig owner Perisai Petroleum Teknologi is about to get delisted after Bursa Malaysia decided to dismiss the company's request to give it more time to get its business in order.Perisai, which provides vessels and rig to the local oil and gas industry…

Current News

Report: Borr Finds More Work for Mist Jack-Up Rig

Report: Borr Finds More Work for Mist Jack-Up Rig

Oil Spill from S-Oil's Offshore Buoy Contained Off S.Korea

Oil Spill from S-Oil's Offshore Buoy Contained Off S.Korea

Kuok in Compulsory Takeover of Remaining POSH Shares

Kuok in Compulsory Takeover of Remaining POSH Shares

Fugro Takes Part in Cambodia's First Oil Development

Fugro Takes Part in Cambodia's First Oil Development

Bumi Armada Might Appeal Woodside FPSO Case Ruling

Bumi Armada Might Appeal Woodside FPSO Case Ruling

OMV Hires Solstad PSV for New Zealand Campaign

OMV Hires Solstad PSV for New Zealand Campaign

Shearwater Scores More Seismic Work in India

Shearwater Scores More Seismic Work in India

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