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US Crude Futures Plunge to Lowest on Record

Apr 20, 2020

U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel as desperate traders paid to get rid of oil.Brent crude, the international benchmark…

Thailand's EGAT to Receive 2nd Spot LNG Cargo from Malaysia's Petronas

Apr 20, 2020

State-run Electricity Generating Authority of Thailand said it will buy a second spot-market shipment of liquefied natural gas (LNG) on Tuesday.The state-owned PTT's Map Ta Phut LNG receiving terminal in the eastern part of Thailand will receive the 65…

Dyna-Mac Nets Offshore Vessel Hull Work

Apr 14, 2020

Singapore-listed Dyna-Mac has won an order to build two upper hull sections of an offshore vessel.Dyna-Mac said Tuesday that the order, from an unnamed repeat client, was valued at S$6.3 million.Under the terms of the contract, Dyna-Mac’s scope of work includes structural fabrication and erection…

Alfa Laval Nets Framo Pump Contracts in China, Singapore

Apr 14, 2020

Swedish company Alfa Laval has said it has won two large orders in the offshore industry space from clients in China and Singapore.Under the orders, of a combined value of around SEK 170 million (USD 17 million), Alfa Laval will deliver  Framo…

Samsung Heavy Scores $209M Order for Two LNG-Fueled VLCCs

Apr 14, 2020

South Korea's Samsung Heavy Industries has signed a contract worth $209.2 million (KRW 253.6 billion) with a Bermudan ship owner to build two LNG-fueled VLCCs, which will be delivered by April 2022.The Very Large Crude Carriers will be equipped with S-Fugas…

Santos Gets Keraudren Seismic Survey Nod

Apr 13, 2020

Australian offshore oil and gas safety regulator NOPSEMA has approved oil company Santos' application for a 3D seismic marine survey in the Bedout Sub-basin in Commonwealth waters off the coast of Western Australia.At its closest point, the…

China's Top Refiners to Hike Output 10% in April

Apr 03, 2020

China's top fuel producers are set to raise April crude throughput by a combined 755,000 barrels per day (bpd), or 10% from March, as domestic fuel demand picks up after being hammered by the coronavirus outbreak. The increase, calculated by Reuters based on interviews with six industry sources…

Petronas Charters Alam Maritim AHTS

Apr 02, 2020

Malaysia's offshore vessel provider Alam Maritim has won a new work order from Petronas for the supply of an anchor handling tug supply vessel.While Alam announced the contract award on Thursday, the charter started on February 11, 2020.Alam…

Aker Solutions Wins 5-Year Offshore Maintenance Work with Shell in Brunei

Mar 30, 2020

Norwegian offshore engineering and construction company Aker Solutions, in a joint venture with Brunei-based PTAS, has signed a five-year agreement to provide offshore maintenance and modification services to Brunei Shell Petroleum (BSP).According to Aker Solutions…

Offshore Drilling: It’s Going to Get Worse Before It Gets Better

Mar 23, 2020

With the oil price crash and COVID-19, the near-term outlook for the offshore rig market is on a lot of minds. RigLogix has contacted a number of rig owners and operators and the consensus seems to be that it’s going to get worse before it gets better…

MCI Bags OSV Fire Damper Order in Asia

Mar 16, 2020

UK-based marine equipment company Marine Components International (MCI) has won a new deal to supply A60 fire dampers for two new offshore support vessels (OSV) being built in Asia.This is the company's first export deal for fire dampers since…

TechnipFMC Shelves Spin-off Due to Market Turmoil

Mar 16, 2020

Franco-American oil services firm TechnipFMC Plc is putting on hold plans to split itself into two due to turbulence in financial markets linked to the coronavirus outbreak, it said on Sunday.The group, created three years ago via the merger of Technip and FMC…

ABB Power & Control for Japan's Wind Turbine Installation Vessel

Mar 10, 2020

ABB will equip Japan-built self-elevating wind turbine installation vessel with its power and control technologies.The company said Tuesday that the 28,000-GT jack-up unit on order from builder Japan Marine United Corp, and due for delivery to Shimizu Corp…

Global Mariner Offshore Sues Yinson, THHE, Floatech

Mar 09, 2020

Malaysian oil and gas services provider Global Mariner Offshore has launched legal action against TH Heavy Engineering, Floatech, Yinson, and several other parties, seeking RM74,800,000 plus interest in damages.Global Mariner is a 20 percent owner of Floatech…

Nam Cheong Clinches 6 OSV Charters

Mar 03, 2020

Malaysian offshore vessel owner Nam Cheong has secured contracts for six offshore vessels, raising its orderbook to RM318.2 million ($75.6 million).The company said Tuesday it had clinched chartering contracts for six OSVs with foreign oil majors worth RM116…

Current News

Global Offshore Rig Count in June Falls to 208. Africa Suffers the Biggest Loss

Global Offshore Rig Count in June Falls to 208. Africa Suffers the Biggest Loss

Japan's LNG Investments Drive Faces Risk of Souring

Japan's LNG Investments Drive Faces Risk of Souring

Spring Oil Flood Causes Summer Queues in Chinese Ports

Spring Oil Flood Causes Summer Queues in Chinese Ports

MAN Compressors for Yinson's Brazil-bound FPSO

MAN Compressors for Yinson's Brazil-bound FPSO

Huisman to Deliver Cranes for First Taiwan-built Offshore Installation Vessel

Huisman to Deliver Cranes for First Taiwan-built Offshore Installation Vessel

Asia Pacific Drilling Technology Event Delayed for 2021

Asia Pacific Drilling Technology Event Delayed for 2021

Australia: Chevron Completes Puma Energy Acquisition

Australia: Chevron Completes Puma Energy Acquisition

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