Orders for production floaters have bounced back over the past month driven by rising crude prices, according to Jim McCaul, head of offshore business intelligence firm World Energy Reports.McCaul bases his assessment on data in a new floating…
Gulf Marine Services, a UAE-based provider of self-propelled, self-elevating support vessels serving the offshore oil, gas, and renewables industries, has struck a deal with banks to reduce the interest rate on its loan.'Under the revised agreement…
Oslo-listed Offshore Heavy Transport has said it has recently experienced an uptick in demand for the transportation of offshore wind equipment to China.'OHT’s fleet of semi-submersible heavy transportation vessels have been busy transporting offshore wind equipment to China…
Australian offshore vessel operator MMA Offshore has secured three new contracts in the offshore wind market in Taiwan.The contracts are for the vessels MMA Pride, MMA Crystal, and MMA Responder.'These three contracts, with firm periods totaling 270 days…
Malaysian oil and gas company Petronas has become the first energy company to produce LNG from two floating LNG facilities, after the LNG shipment was delivered by its floating LNG facility PFLNG DUA on Wednesday, March 24.The cargo was loaded…
German offshore vessel operator Opus Marine has acquired two WINDFLEX-27 Crew Transfer Vessels built by Penguin Shipyard, a unit of Singapore-based Penguin International Limited. Incat Crowther, the vessel designer, said that the two vessels…
Singapore's Strategic Marine has secured an order to construct two fast crew boats for Centus Marine.'This is the fifth and sixth vessel built by Strategic Marine for Centus Marine and follows the delivery of a 40m FCB in February 2021,' Strategic Marine…
Oil prices jumped about 3% on Friday, hitting their highest levels in over a year, following a stronger-than-expected U.S. jobs report and decision by OPEC and its allies not to increase supply in April.Brent futures rose $2.10, or 3.2%, to $68…
The Chinese-built hybrid accommodation vessel MWV Falgout has been delivered to end client Brunei Shell Petroleum.The 80-meter vessel, a new purchase for Bruneian owners JISCO Marine Sdn Bhd, will be employed on long-term charter for the Bruneian oil and gas company…
The OSV sector will be reliant on a hitherto unseen amount of scrapping to balance the market, writes Gregory Brown, Associate Director – Offshore, Maritime Strategies InternationalThere is a consensus that an OSV market recovery will only be driven a supply side rationalization…
Solstad Offshore, a Norway-based offshore vessel operator, on Friday said it had won contracts for the vessels Normand Ranger and Far Seeker in Australia.The Normand Seeker, a large AHTS, has been awarded a contract in Australia with the start slated for the second quarter of 2021…
Norwegian offshore vessel owner Siem Offshore and Seaway 7, the renewables business unit of Subsea 7, have entered into a contract for an offshore wind project in the Far East. Siem Offshore said that the project will utilize the offshore construction vessel 'Siem Barracuda'…
COVID-19 will continue to skew the floating production systems market for the coming 24 months, while buying power for a large portion of FPSO contracts will be centered in Brazil and Guyana/Suriname. These two areas are expected to account…
Shipbuilder Strategic Marine has delivered a Fast Crew Boat (FCB) to offshore support vessel owner Centus Marine.The 40-meter vessel, named Centus Eight, was built in Singapore. According to Strategic Marine, during the sea trials the vessel achieved a top speed in excess of 30 knots…
Floating Production Storage and Offloading (FPSO) vessels are essential tools in the search for oil in deeper waters, further from shore-based facilities. Typically, the large FPSO is stationary with a number of wells feeding oil into its holds…
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