Offshore

Golar LNG is to carry out another Floating LNG (FLNG) conversion at Keppel Shipyard for BP in West Africa.
Rates for OSVs in the US remain underwater but utilisation levels are starting to rise and a “rational” approach to stacking and drydocking by owners could see pricing power start…
Aggressive shipowner Scorpio has taken over Nordic American Offshore (NAO) via a share placement with Emanuele Lauro appointed as chairman and ceo.
BW Offshore is disposing of its 1980-built FSO Belokamenka to the recycling yard for a cash consideration of approximately $20m.
Japan’s Mitsui OSK Lines (MOL) has landed deals to participate in the construction, ownership and operation of a FSRU for Indonesia’s Jawa 1 Gas-Fired Project.
Leading Mexican offshore contractor Naviera Integral has signed a contract with the Damen Shipyards Group for the delivery of a new Fast Crew Supplier vessel FCS 5009 for delivery in…
China Oilfield Services Limited (COSL) has announced that the company is to sell two tankers and related business to Northsea Shipping for a price of RMB84.8m ($12.2m).
With US oil exports surging there is unprecedented investment in oil processing facilities is underway, and discussions regarding new terminals along the Texas Gulf that could include VLCCs.
The return to a relatively strong FPSO market is expected to continue in 2019 according to Energy Market Associates (EMA).
The small-scale LNG market is seen as growing market with a lot of potential but also currently stuck in a somewhat chicken and egg scenario.
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