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Two LNG Tankers Bound for Australia's Prelude Facility Divert

Jan 19, 2021

Two liquefied natural gas (LNG) tankers that had initially signaled they would load at Royal Dutch Shell's Prelude floating LNG facility in Australia have diverted elsewhere, ship-tracking data showed on Tuesday.This comes just a week after Shell said that Prelude would resume loading cargoes after production had been suspended for nearly a year following an electrical trip.The facility loaded its first cargo since coming back online on Jan…

Siem Offshore's Siem Barracuda Nets 100-Day Offshore Wind Deal in Asia

Feb 19, 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'…

Market Report: FPSOs ... Charting the Path Ahead

Feb 15, 2021

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…

Strategic Marine Delivers Fast Crew Boat to Centus Marine

Feb 15, 2021

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…

Cummins QSK95s: Big Electric Power for Conversion of Ariake to FPSO

Feb 10, 2021

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…

Petronas Launches Tender for 16 Offshore Support Vessels

Feb 08, 2021

Malaysia's state energy firm Petronas recently launched a tender for the construction of 16 offshore support vessels (OSV), The Edge Weekly reported on Saturday.The newspaper reported, citing sources, that the invitation to bid is for the first…

UK, Japan Concerned Over East, South China Seas Situation

Feb 03, 2021

Four ministers from Japan and Britain voiced serious concern on Wednesday about the situation in the East and South China seas and opposed any unilateral attempts to change the status quo, in a apparent reference to China’s maritime expansion…

Abu Dhabi Ports, Allianz Marine form Offshore Logistics JV

Jan 28, 2021

Abu Dhabi Ports’ maritime arm SAFEEN has signed an agreement with offshore vessel owner Allianz Marine & Logistics Services (AMLS), to launch a new international provider of integrated maritime logistic services.'Operating under the title of…

Keppel to Exit Offshore Rig Building Business

Jan 28, 2021

Singapore's Keppel Offshore & Marine, a company famous for its offshore rig construction, is set to undergo a major transformation, look for opportunities as a developer and integrator of offshore energy and infrastructure assets, and exit the offshore rig building business…

U.S. Blacklists China's CNOOC over South China Sea Actions

Jan 14, 2021

The Trump administration added China’s CNOOC to a U.S. economic blacklist on Thursday, accusing the oil giant of helping Beijing intimidate neighbors in the South China Sea and ratcheting up tension days before U.S. President-elect Joe Biden takes office…

Oil Rises to 11-month High

Jan 12, 2021

Oil hit an 11-month high just below $57 a barrel on Tuesday, bolstered by Saudi Arabia's plans to limit supply, offsetting worries that rising coronavirus cases globally would curtail fuel demand.Brent crude settled up 92 cents, or 1.7%, at $56…

Oil Prices Jump 5% on OPEC+ Output Talks, Iran Tension

Jan 05, 2021

Oil prices climbed nearly 5% on Tuesday after news that Saudi Arabia will make voluntary cuts to its oil output, while international political tension simmered over Iran's seizure of a South Korean vessel.Brent crude futures rose $2.51, or 4…

Digitalization: The Digital Oilfield is Arriving Sooner than We Think

Dec 31, 2020

The Coronavirus and a surge of available connectivity means take up of new E&P technologies is stronger than ever, writes Tore Morten Olsen, President, Maritime, Marlink.The oilfield of the future is a concept that was emerging before the Coronavirus…

Solstad on a Roll: Scores Vessel Charters in India, Australia

Dec 17, 2020

Just hours after announcing three contracts for its platform suppliers in the North Sea and Suriname, Norwegian offshore vessel operator Solstad Offshore released a separate statement on Thursday, announcing charters for three construction vessels…

Modec Nets Sangomar FPSO Operations and Maintenance Deal

Dec 14, 2020

Japanese FPSO contractor Modec has won a contract with Woodside for the operations and maintenance of the Sangomar FPSO in Senegal.The deal follows a contract signed in January for Modec to deliver the FPSO for Sangomar field development  - Senegal's first offshore development…

Current News

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ADNOC Drilling Takes Delivery of Shelf Drilling Journey Jack-Up Rig

Ex-SBM Offshore Sales Manager Convicted in Bribery Case

Ex-SBM Offshore Sales Manager Convicted in Bribery Case

Alexey Miller to Stay at Gazprom Helm for Five More Years

Alexey Miller to Stay at Gazprom Helm for Five More Years

ExxonMobil's Total Oil and Gas Reserves Drop by a Third

ExxonMobil's Total Oil and Gas Reserves Drop by a Third

OPEC+ to Weigh Modest Output Boost, Sources Say

OPEC+ to Weigh Modest Output Boost, Sources Say

PTTEP Finds More Gas Offshore Malaysia

PTTEP Finds More Gas Offshore Malaysia

Petronas Strikes Oil Offshore Indonesia

Petronas Strikes Oil Offshore Indonesia

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