Maritime News - page 62


Woodside Profit Hits Seven-year High

Feb 17, 2022

Soaring oil and gas prices and cost savings helped Australia's Woodside Petroleum Ltd (WPL.AX) report profits in 2021 more than tripled to a seven-year high, prompting the firm to reward shareholders with a fatter than expected dividend.Shares…

Aquadrill's Polaris Drillship Catches Fire in Sri Lanka

Feb 17, 2022

Aquadrill's Polaris drillship caught fire earlier this week at Hambantota Port in Sri Lanka. According to the port authorities, the incident happened Tuesday, and the fire was quickly extinguished.'The Hambantota International Port Emergency Response Unit (ERU) together with the port’s Quality…

IEA's Birol Urges OPEC+ to Narrow Gap Between Oil Targets and Production

Feb 16, 2022

The Organization of the Petroleum Exporting Countries (OPEC) and their allies, known as OPEC+, needed to narrow the gap between their oil production targets and actual output, the International Energy Agency's (IEA) head Fatih Birol said on Wednesday…

MacGregor to Deliver Offloading Systems for China's First Cylindrical FPSO

Feb 15, 2022

MacGregor, part of Cargotec, has won a contract to supply two FPSO offloading systems for the Liuhua 11-1/4-1 redevelopment project located in the east part of the South China Sea. The contract has been awarded following the successful cooperation…

Heerema's Giant Crane Vessel Sleipnir to Install LNG BCM on INPEX's Ichthys Explorer Platform

Feb 11, 2022

Dutch offshore installation company Heerema Marine Contractors has been selected by Japan's INPEX as a contractor of choice for the transport and installation of the 4,800 metric ton Ichthys LNG Booster Compression Module (BCM), offshore W. Australia…

Thailand Deploys Ships to Contain Second Oil Leak Off East Coast

Feb 10, 2022

Ships were deployed in Thailand on Thursday to contain a fresh oil spill off its eastern coast, authorities said, two weeks after an undersea pipeline leak in the same area damaged coastal communities and marine life.The pipeline, owned by Star Petroleum Refining Public Company (SPRC)…

Japan's Inpex to Spend Up to $38B in Growth Areas Over 9 years

Feb 09, 2022

Japan's biggest oil and gas explorer Inpex Corp said on Wednesday it will invest up to 4.4 trillion yen ($38 billion) in growth areas over the next 9 years, 1 trillion of which will be spent on decarbonization areas including hydrogen and ammonia…

Oil Prices Stable at $90 a Barrel But Iran Supply Prospects Add Pressure

Feb 09, 2022

Oil prices were stable around $90 a barrel on Wednesday but the prospect of increased supply from Iran and the United States kept pressure on the market.Brent crude futures edged down 36 cents, or 0.4%, to $90.42 a barrel by 1150 GMT.  U.S. West Texas Intermediate crude fell 43 cents…

Rig in Place - Santos to Spud Pavo-1 Well Targeting 82 Million Barrels

Feb 09, 2022

Australian oil and gas company Santos is set to start drilling the Pavo-1 well, offshore W. Australia, as the Noble Tom Prosser jack-up drilling rig has reached the well site and completed pre-drill preparations.The Pavo-1, operated by Santos…

EnQuest Sends Arbitration Notice to Barakah Offshore

Feb 08, 2022

Oil company EnQuest has sent a notice of arbitration to the Malaysian offshore oilfields services firm Barakah Offshore Petroleum regarding a dispute in which an adjudication decision was made in January ordering EnQuest to pay around $17,1 million…

Petrofac Nets First Major O&M Deal India

Feb 07, 2022

Oilfield services giant Petrofac has won two new contracts with Cairn Oil & Gas, Vedanta Limited, India’s largest private oil and gas exploration company. With a combined value of around $100 million, the wins include Petrofac’s first significant Operations and Maintenance (O&M) contract in-country…

Sapura Energy Terminates Offshore Wind Installation Deal in Taiwan

Feb 07, 2022

Malaysian company Sapura Energy has issued a termination notice to Yunneng Wind Power in relation to a contract for the transportation and installation of monopiles at the Yunlin offshore wind farm in Taiwan, over an alleged breach of contract…

ADC Energy Nets Rig Inspection Services Contract in Malaysia

Feb 07, 2022

Aberdeen-based offshore rig inspection company ADC Energy has said it has been awarded its third contract in Asia-Pacific (APAC) in the first quarter of 2022 to provide its specialist rig inspection services to an unnamed global E&P operator in Malaysia…

Strategic Marine Acquires New Shipyard in Singapore

Feb 04, 2022

Strategic Marine announced it has completed the acquisition of a significantly larger shipbuilding facility in Singapore in a move intended to boost the company's shipbuilding capacity and product range.Strategic Marine has acquired the fixed…

DOF Subsea Bags Three-year MPSV Charter with Exxon in Australia

Feb 04, 2022

ExxonMobil has awarded a long-term contract to offshore vessel owner DOF Subsea for the provisions of multi-purpose supply vessel services in Australia.The contract is for three years firm plus two one-year extension options. Under the contract…

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US Firm Finds Chinese Partner to Deliver Mobile Offshore Drilling Units

TotalEnergies and Oil India to Jointly Tackle Methane Emissions Issues

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