Malaysian FPSO leasing firm Yinson Production has closed of the previously announced $1 billion investment from a consortium of global investor to further drive its business growth.The funding was secured through a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), and funds managed by British Columbia Investment Management Corporation (BCI), and RRJ Group (RRJ).The successful closing of the transaction follows the signing of a definitive agreement on January 14…
Yinson Production and “K' Line Energy Shipping (UK) (KLES), a London-based subsidiary of Kawasaki Kisen Kaisha ('K' LINE), have entered into an agreement to jointly develop and market solutions for the transportation and injection of liquefied CO2…
Austrian oil and gas firm OMV has signed an agreement with Lukoil Gulf Upstream, a subsidiary of Russia’s Lukoil, to divest its stake in a sour gas development offshore the United Arab Emirates (UAE).OMV has agreed the sale of 5% stake in the…
Forum Energy Technologies, a provider of remotely operated vehicles for the offshore energy industry, is expanding its offering in Asia.The company has signed an agreement with Wuxi Haiying-Cal Tec Marine Technology Co., Ltd to represent Forum…
Independent subsea contractor, Film-Ocean, has ordered its 10th Saab Seaeye Falcon.Film-Ocean have developed and patented a chain measuring system for FPSO and Offshore Wind Farm mooring systems which is easily deployed with the Falcon providing results in real time and is accurate to 0…
Singapore-based Ultra Deep Solutions (UDS) said it has signed the newbuild dive support vessel Ultra Deep Matisse to a long term contract for a major EPC player. The contract is said to be worth between $50 million to $250 million.The 143-meter…
Bourbon Subsea Services has been selected by Windplus to install three floating wind turbines of 8.3 MW, 20 km off Viana do Castelo, Portuguese coast. These turbines, with a total capacity of 25 MW, are the most powerful in the floating offshore wind industry…
Royal Boskalis Westminster N.V. has been awarded the Tyra Redevelopment Subsea Installation Phase II contract by Total E&P Denmark.The sizable contract includes subsea engineering, procurement, fabrication and installation for the Tyra Redevelopment…
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