Swedish offshore vessel owner Viking Supply Ships has taken delivery of the Andreas Viking AHTS, previously known as the Far Senator.In March 2023, Viking Supply Ships said it would take two Ocean Yield-owned AHTS vessels, Far Senator and Normand Statesman…
Classification society ABS announced it has granted approval in principle (AIP) for a the Sterling Streamline, a next generation concept design for large floating production storage and offloading unit (FPSO) newbuild hulls from India's Shapoorji Pallonji Energy (SPE)…
A McDermott-Petrovietnam Technical Services Corporation (PTSC) consortium has received a limited letter of award from Vietnam's Phu Quoc Petroleum Operating Company for engineering, procurement, construction, installation (EPCI), and hook-up and commissioning (HUC) services…
The World Bank said on Monday it expected global oil prices to average $90 a barrel in the fourth quarter and fall to an average of $81 in 2024 as slowing growth eases demand, but warned that an escalation of the latest Middle East conflict could spike prices significantly higher…
Offshore drilling firm ARO Drilling (“ARO”), a 50/50 joint venture between Valaris and Aramco, has secured financing for its first two newbuild jack-up drilling rigs, Kingdom 1 and 2.According to Valaris, ARO secured 'attractive' financing,…
Japan and Denmark have agreed to join hands in researching and developing floating offshore wind power technologies in a bid to combat climate change, Japan's trade and industry ministry said.The nascent floating offshore wind industry is poised…
Offshore drilling contractor Dolphin Drilling said Thursday it had received a Letter of Award (LOA) for a drilling campaign from Oil India Limited for a 14-month firm period, with another 7-month extension option.This follows Dolphin Drilling's mid-September announcement…
At least three Chinese companies, including state giant China National Offshore Oil Company (CNOOC) are evaluating Shell's Singapore assets and considering non-binding bids in the coming weeks for the city-state's oldest refinery, according to several sources familiar with the matter…
Denmark-based global offshore wind developer Ørsted is set to divest a 50% stake in its offshore wind farm project in Taiwan and has signed an exclusivity agreement with a Taiwanese insurance company and its affiliate, following a competitive divestment process…
SK E&S, one of the largest conglomerates in South Korea, and Copenhagen Infrastructure Partners have reached financial close on the Jeonnam 1 offshore wind project in South Korea.Jeonnam 1 will be a 99-MW offshore wind farm off the coast of Shinan County…
Offshore helicopter services company NHV Group has announced a collaboration in Taiwan with Apex Aviation, a local Taiwanese company, with the aim of providing helicopter transportation services to Taiwan's growing offshore wind industry.'Given…
Deepwater drilling contractor Transocean shared Thursday its quarterly offshore rig fleet status report, in which it said it had secured $745 million worth of drilling contracts.During the period, the company secured contracts for three drillships: Dhirubhai Deepwater KG1…
Viking Supply Ships, a company that owns and operates a fleet of offshore supply and icebreaking vessels, has secured a contract for the Far Senator AHTS vessel for operations outside Australia.'With operations performed by Go Offshore, the…
Incat Crowther has been commissioned by Singaporean shipbuilder Lita Ocean to design three new ABS-Classed monohull fast support intervention vessels (FSIVs) for Zamil Offshore. The new 60-metre FSIVs will assist Zamil Offshore with the efficient and safe transport of cargo…
Singapore-based Dyna-Mac has secured several contracts, including an order to construct topside modules for an FPSO vessel.Dyna-Mac said that it had recently secured contracts worth a total provisional sum of S$88.0 million from unnamed repeat customers…
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