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…
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…
Santos Ltd posted record annual production on Wednesday, benefiting from higher gas output at its Western Australia assets.Australia's second-biggest independent gas producer acquired Quadrant Energy in late 2018 for more than $2 billion, boosting…
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, 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 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…
Malaysian oil company Petronas Carigali has chartered an anchor handling tug supply vessel from Perdana Petroleum.The vessel already started its contract with Petronas Carigali on December 24, 2019 but it is only on Monday, January 20, that Perdana announced the deal…
Malaysian offshore oilfield services company Barakah Offshore Petroleum has filed a claim against the compatriot oil company Petronas Carigali for unpaid work and has threatened to seek Petronas' winding up unless it gets paid what it is owed…
Norwegian offshore vessel owner GC Rieber Shipping has clinched two crew-boat contract extensions in the Russian Far East.Through its JV with Russian company Prisco, GC Rieber signed a new 1+1 year charter agreements with Sakhalin Energy Investment…
Malaysian FPSO leasing specialist Yinson has signed another short-term charter extension for the Lam Son FPSO offshore Vietnam.Yinson's Vietnam JV PTSC AP on Wednesday, January 15, entered into an eighth FPSO contract extension for the FPSO with PTSC…
A London arbitration tribunal has ordered offshore drilling company Pacific Drilling to pay $320 million to Samsung Heavy Industries for a 2015 drillship order cancellation.Pacific Drilling had ordered the Pacific Zonda ultra-deepwater drillship from Samsung in 2013…
Oil prices slipped on Wednesday on concerns that the U.S./China Phase 1 trade deal may not provide much of a demand boost because the United States intends to keep tariffs on Chinese goods until a second phase deal. Prices were also under pressure…
Singapore-based offshore rig builder Keppel O&M is working on a system that will enable it to 3D print offshore grade materials, to speed up production and lower cost. The company has teamed up with local university and research and technology…
Offshore drilling contractor has taken delivery of a newbuild jack-up rig from Singapore's Keppel. This is Keppel's first rig delivery in 2020.Keppel said Wednesday that the offshore drilling rig, named Heimdal, was built to Keppel's KFELS B…
Malaysian oilfield services provider Dayang has won two contracts with the country's oil and gas giant Petronas.Dayang said Tuesday that the contracts were for the provision of integrated hook-up and commissioning (i-HUC) services for Petronas Carigali through Package B: SBA and Package D: SKO…
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