Offshore

As Cyprus-back and Turkish drillships anchored near each other, European Union states have agreed on sanctions the EU should impose on Turkey for its illegal drilling activities in Cyprus’ exclusive…
The recent actions of the Indian government, to limit domestic shipbuilding activities to Indian yards, and also to favour the state-run Cochin Shipyard in awarding contracts for small craft and…
Greek oil and gas producer, Energean Oil & Gas, has significantly expanded its operations in the growing eastern Mediterranean gas hub, with the purchase of Italian energy group Edison's oil…
DP World continues to expand its business footprint acquiring Topaz Energy and Marine, a major player in the offshore marine space.
Malaysia’s Sapura Energy has clinched contracts worth a total of MYR1bn ($242m), including its first offshore wind farm deal, for engineering, construction and drilling works across Asia-Pacific.
Maersk Drilling has clinched contracts for its drillship Maersk Valiant with Repsol Exploracion Mexico for work on a two-well project in the Gulf of Mexico.
Maersk Drilling has completed the sale of jack-up rig Giant, formerly Maersk Giant, to Poland’s LOTOS Petrobaltic Group.
Singapore’s shipyard group Sembcorp Marine (Sembmarine) has landed a SGD2bn ($1.5bn) loan from its largest shareholder Sembcorp Industries to help reduce its debt.
Japan’s Mitsui OSK Lines (MOL) has entered into a long term charter contract with Hong Kong LNG Terminal to supply a FSRU for the Hong Kong Offshore LNG Terminal project.
The UAE Shipping Association (UAESA) is flagging up opportunities for international owners in the offshore sector from upcoming oil and gas projects.
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