Miami: A decision to cut BP’s potential fine by $3.4bn has been approved by U.S. courts, taking into consideration 810,000 barrels of oil which were not spilled into the Gulf of Mexico.

Singapore: Otto Marine's subsidiary Reflect Geophysical was unsuccessful in obtaining an order from the Singapore High Court for a short to medium term standstill of claims from its creditors.

Kuala Lumpur: Bumi Armada's jointly controlled entity SP Armada Oil Exploration clinched a $740m deal from India's Oil and Natural Gas Corporation (ONGC) to provide a FPSO for offshore India.

Piraeus: V.Ships has signed a crewing contract with UAE seismic vessel operator Polarcus.

New Orleans: Transocean's guilty plea to a misdemeanour charge for its role in the Deepwater Horizon incident, which resulted in the death of 11 rig workers in 2010, was accepted by a federal judge in New Orleans yesterday.

Shanghai: Sinopacific Shipbuilding won an order to build four anchor handling tug supply (AHTS) vessels for Russia-based Femco Group.

Singapore: Ezion Holdings secured a charter contract valued at around $79.9m to provide a jack-up rig to support a South Asia-based national oil firm.

Kuala Lumpur: Malaysia’s SapuraKencana Petroleum has moved a step closer to its planned $2.9bn purchase of Seadrill’s tender rig business with the two companies entering into a provisional sale and purchase agreement.  

Bangkok: Mermaid Maritime has secured a five-month contract extension on accommodation barge in Indonesia.

Singapore: BH Global could lose up to S$10m ($8.07m) over a land agreement for a shipyard in Batam, Indonesia that went wrong, and other “irregular transactions”.