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Temasek Supports Sembcorp Marine's $1.5B Rights Issue

Jun 09, 2020

Singapore's Temasek Holdings stepped in on Monday to support a S$2.1 billion ($1.5 billion) rights issue by Sembcorp Marine as the state investor moves to help the city-state's struggling rig-building sector.Following the deal, loss-making Sembcorp Marine…

Energean Power FPSO Topside Installation Work Kicks Off

Jun 08, 2020

Work on Energean's Energean Power FPSO in Singapore has begun as Sembcorp Marine Admiralty Yard, Singapore, reopened on June 2, after the COVID-19 lockdown.The FPSO hull arrived from China in April for topside integration works in Singapore…

Seacor Marine Takes Full Ownership of Seacosco

Jun 05, 2020

U.S. offshore vessel provider Seacor Marine will buy the remaining 50% stake in Seacosco from China's Cosco.Seacor will pay $28.15 million in installments, and the transaction is expected to close in June 2020.With the acquisition, Seacor will…

Kawasaki Heavy Orders Corvus' Blue Marlin Energy Storage System

Jun 02, 2020

Japan's Kawasaki Heavy Industries (KHI) has ordered the first commercial unit of a new Corvus Energy high-density lithium-ion capacitor energy storage system (ESS) Blue Marlin.According to Corvus, which plans to market the system to the offshore energy market…

Miclyn Express Offshore Bags Charters for 14 Crewboats in Thailand

Jun 02, 2020

Miclyn Express Offshore, a Singapore-based offshore vessel provider to the offshore energy industry, has secured contracts for 14 of its crewboats.The company on Monday said that 14 of its crew boats have been contracted for a long term charter 'with a leading E&P company in Thailand for 1…

First Topside Module Lifted on Coral South FLNG Hull

May 27, 2020

Eni-operated Coral South FLNG project is making progress with the first topside module installed aboard the hull of the under-construction FLNG unit destined to develop offshore gas fields in Area 4 of the Rovuma Basin, Mozambique.Coral FLNG SA…

Mammoet Lands its ‘Biggest Ever’ Contract at Arctic LNG 2 Project

May 25, 2020

Dutch heavy lift and transportation company Mammoet has said it has won its largest-ever contract at the Arctic LNG 2 project in Russia.Mammoet said Monday the contract was awarded by Technip-led joint venture NovArctic in cooperation with Saipem and NIPIgas…

VIDEO: SBM Offshore's Liza Unity FPSO Moves to Dry Dock

May 15, 2020

SBM Offshore, the Netherlands-based FPSO supplier, has shared a video of its Liza Unity FPSO Hull going into the dry dock in Singapore.The hull was ordered on speculation in 2017 as the first of what are now five hulls being built as part of SBM Offshore's Fast4Ward standardized-FPSO-hull program…

Petronas Drillship Exits South China Sea After Standoff

May 12, 2020

An oil exploration vessel contracted by Malaysian state energy company Petronas that was involved in a standoff with a Chinese survey vessel in the South China Sea left the disputed waters on Tuesday, three security sources and the vessel operator said…

SWS Shipyard Delivers Two Platform Suppliers for COSL

May 11, 2020

Shanghai-based SWS shipyard has delivered two newbuild platform supply vessels to Sinoocean.The vessels the 'Guo Hai Min Xing' and the 'Guo Hai Min Sheng' -  both of the ULSTEIN PX121 design - are operating for COSL – China Oilfield Services Limited…

Guyana's Liza Phase 2 on Track for First Oil in 2022

May 08, 2020

Liza Unity, an under-construction FPSO that will be Guyana's second offshore facility in production, remains on schedule for first oil in 2022, Hess Corp. said Thursday.Guyana became an oil-producing nation in December 2019, when Exxon brought online the Liza Destiny FPSO…

Virus Lockdowns Pummel Global Gas Demand, Force LNG Output Cuts

May 07, 2020

Lockdowns to slow the coronavirus pandemic are pummelling gas demand in the world's biggest buyers of liquefied natural gas (LNG), pushing Asia's spot prices to record lows and forcing some suppliers to start cutting output. Economies worldwide…

Staff from Coronavirus-hit Russian Novatek Site to Live on Cruise Ship

May 07, 2020

A cruise ship has arrived in Russia's northwesterly Murmansk region to accommodate healthy staff from a construction site run by the gas company Novatek, one of Russia's coronavirus hotspots, a local crisis center said.Novatek, one of the world's top liquefied natural gas (LNG) companies…

Ampelmann Makes One Millionth Offshore Transfer in Middle East

May 06, 2020

Ampelmann, a Dutch company providing crew transfer gangways to the offshore energy industry, has said it has achieved a milestone of one million safe personnel transfers in the Middle East.The company said Wednesday that the milestone, which it took nearly a decade to achieve…

VIDEO: Crane Collapses on Deme Offshore's New Vessel

May 04, 2020

A giant crane collapsed on Saturday on Deme Offshore's flagship offshore vessel Orion at Liebherr's yard in Rostock, Germany, during crane load tests.Deme said Saturday that 'a few persons suffered minor injuries.' Deme Offshore said: 'A serious…

Current News

Israel and Four Arab States Discuss Energy Sector

Israel and Four Arab States Discuss Energy Sector

Ex-Petrofac Exec Pleads Guilty to Bribery Offenses

Ex-Petrofac Exec Pleads Guilty to Bribery Offenses

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

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

MOL, Bombora Targeting Wave Energy Opportunities in Japan

MOL, Bombora Targeting Wave Energy Opportunities in Japan

Energean Sanctions Karish North Gas Field Project. Gets $700M Loan

Energean Sanctions Karish North Gas Field Project. Gets $700M Loan

China's 2020 Crude Oil Imports Hit Record

China's 2020 Crude Oil Imports Hit Record

Malaysia: Shell, Dayang Pen Accommodation Workboat Deal

Malaysia: Shell, Dayang Pen Accommodation Workboat Deal

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