Qatar-based energy shipping company Nakilat said Monday it had assumed the technical ship management and operations of the Floating Storage and Regasification Unit (FSRU) Exquisite from Excelerate.The FSRU is jointly owned by Nakilat and Excelerate through a joint venture established in 2018…
Gulf Marine Services, a provider of jack-up service vessels for the offshore energy industry, has secured contract extensions for two of its units.GMS said Monday the contract extensions, totalling 13 months, were for two K-Class vessels, 'at day rates in line with expectations…
Drilling solutions provider MHWirth has secured an order to deliver a drilling equipment package for a Chinese drillship.The company, part of Norway's Akastor, will deliver drilling equipment for China's Guangzhou Marine Geological Survey (GMGS)…
Offshore seismic data acquisition services company Shearwater GeoServices has secured a 3D broadband marine seismic acquisition contract by ONGC in the Western Offshore India area. The project is scheduled to start in Q1 2021.The four-month campaign covers two areas totaling around 2…
India's Reliance Industries and the British oil major BP on Friday announced the startup of production from ultra-deepwater gas field R Cluster in block KG D6 off the east coast of India. RIL and BP are developing three deepwater gas projects in block KG D6 – R Cluster…
Oslo-listed marine seismic company Polarcus has signed a memorandum of agreement with Sovcomflot for the use of one of its survey vessels on a project in the Far East.The company said Friday the contract was signed with SCF GEO, a Sovcomflot Group firm…
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…
Southeast Asia-focused oil company KrisEnergy has yet again extended the long-stop date for the completion of the sale of its interest in the Vietnam Block 115/09.KrisEnergy first announced it had agreed to sell the offshore block to an unnamed…
Dutch offshore installation services company Heerema Marine Contractors has, using its heavy lift vessel Aegir, transported and installed the 1650 metric ton water handling module for client TechnipFMC on the Woodside-operated Pluto Alpha offshore platform in Australia…
Oil and gas explorer Far Ltd said on Thursday it received a A$209.6 million ($159.15 mln) all-cash takeover proposal from private investment firm Remus Horizons PCC Ltd.The offer values Far at 2.1 Australian cents per share, representing a premium of 90…
2020 has been dismal for upstream dealmakers across Asia Pacific. During a recent conversation with a senior banker in the region, I mentioned that deal activity was so poor this year that as of October, only a sliver over US$400 million and 117 million boe of 2P resources had transacted (vs US$5…
Cenovus Energy Inc's C$6.07 billion ($4.78 billion)deal to buy Husky Energy Inc was approved by the shareholders of the two companies on Tuesday, creating Canada's No. 3 oil and gas producer in a rapidly consolidating industry.Cenovus said 93%…
China's CNOOC said Monday that its Penglai 25-6 oilfield area 3 project has started production ahead of schedule.The Penglai 25-6 oilfield area 3 project is located in the south central Bohai Sea, with average water depth of about 27 meters…
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…
Led by China, Asia's installed offshore wind capacity is expected to reach 52GW by 2025, and almost catch up with Europe, energy intelligence group Rystad Energy said Friday.'From almost no offshore wind farms in 2015, Asia’s operational capacity has grown to more than 6 gigawatts (GW) today…
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