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Awilco Drilling Posts 'Nil' in 1Q Revenue. In Talks for Newbuilds Funding, Deployment

May 13, 2020

Oslo-listed offshore drilling contractor Awilco Drilling did not generate revenue during the first quarter of 2020, and it on Wednesday reported a net loss of $9,4 million. However, the company is optimistic about the future, that is, when its high-end rigs…

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…

Drones Might Soon Deliver Goods for Offshore Rigs

May 04, 2020

Shipping, logistics, and marine services provider GAC has teamed up with a Singapore-based start-up to work on the delivery of supplies to vessels and offshore platforms via drones.GAC and the start-up named F-Drones will work to develop large…

Keppel O&M Says Pivot to Gas, Renewables Pays Off

Apr 29, 2020

Keppel Offshore & Marine, an offshore construction subsidiary of Singapore's Keppel Corp, expects challenging conditions ahead due to the drop in oil prices but says its business diversification into gas and renewables has paid off.The company…

KrisEnergy Sues Rubicon

Apr 27, 2020

KrisEnergy, a Southeast Asia-focused oil company, has started proceedings against FPSO owner Rubicon at the High Court of Justice Business and Property Courts of England and Wales.The oil company is reacting to a claim recently made by Rubicon demanding a $2…

Keppel Delivers New Jack-Up Drilling Rig to Borr Drilling

Apr 23, 2020

Singapore-based offshore drilling rig builder Keppel Offshore & Marine has delivered a newbuild jack-up drilling rig to Norway's Borr Drilling.The rig, named Hild, was built to Keppel's KFELS Super B Class design. The Hild is the sixth jack-up that Keppel has delivered to Borr Drilling…

Singapore Adds Minerva Bunkering and TFG Marine to List of Bunker Suppliers

Apr 21, 2020

The Maritime and Port Authority of Singapore (MPA), home the world's top marine refueling hub, said it has awarded two new bunker supplier licenses to Mercuria's Minerva Bunkering and Trafigura's TFG Marine.'MPA and ESG welcome the entry of Minerva Bunkering and TFG Marine…

Bank Seeks Impounding of Ocean Tankers' Ships

Apr 20, 2020

India's ICICI Bank is seeking the impounding of two vessels operated by Ocean Tankers (Pte) Ltd, a unit of Singapore oil-trading company Hin Leong Trading Pte Ltd (HLT), an ICICI source said on Monday.The tankers, Wu Yi San and Chang Bai San…

Energean FPSO Hull Reaches Singapore. Yard Closed Due To COVID-19

Apr 15, 2020

The Mediterranean-focused oil and gas company Energean has said that the hull of its Energean Power FPSO has reached Singapore.The China-built hull is expected to be fitted with the topside modules built in Singapore at the Sembcorp Yard, before setting sail to the Karish offshore field in Israel…

Keppel O&M, EMA Launch Call for Smart Solutions in Offshore Sector

Apr 15, 2020

Singapore-based offshore rig builder Keppel Offshore & Marine has partnered up with Energy Market Authority (EMA) to develop energy solutions in the areas of distributed energy resources, digitalization and emerging low carbon alternatives.As part of the $10 million partnership…

Singapore: Foreign Workers Move to Floating Accommodation

Apr 15, 2020

Following a report earlier this week that Singapore would temporarily house foreign workers on offshore flotels due to the COVID-19 crisis, the first group of workers has boarded one of the units.'As part of Singapore's efforts to contain the spread of COVID-19…

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…

Singapore Readies 'Floating Hotels' for Workers as Coronavirus Spreads

Apr 13, 2020

Singapore is preparing to house hundreds of foreign workers in accommodation vessels typically used for offshore and marine industry staff as it races to find alternatives to dormitories where the novel coronavirus has been spreading rapidly…

Dyna-Mac, China Merchants Heavy Industry Form JV Firm

Apr 09, 2020

Singapore-based FPSO module specialist Dyna-Mac and China's offshore equipment and vessel builder China Merchants Heavy Industry Holdings (CMHIH) have entered into a joint venture deal.Under the agreement, the two companies will create the DM-CMHI Heavy Industry company in China…

Current News

Inside OPEC, Views are Growing That Oil's Rally Could be Prolonged

Inside OPEC, Views are Growing That Oil's Rally Could be Prolonged

Energean Expects First Gas from Karish Offshore Field by Q3

Energean Expects First Gas from Karish Offshore Field by Q3

Oil Prices Climb to Highest Since 2014

Oil Prices Climb to Highest Since 2014

UAE Energy Minister: World Needs to Invest $3 trln-plus in Renewables in 10 years

UAE Energy Minister: World Needs to Invest $3 trln-plus in Renewables in 10 years

Inpex to Drill for Gas Offshore Japan

Inpex to Drill for Gas Offshore Japan

PetroChina Tops Singapore's List of 2021 Bunker Fuel Suppliers

PetroChina Tops Singapore's List of 2021 Bunker Fuel Suppliers

Vietnam Firm Launches $220M Offshore Wind Farm

Vietnam Firm Launches $220M Offshore Wind Farm
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