Offshore

Singapore’s Keppel FELS has entered into a settlement agreement with an unnamed global oil and gas services firm to terminate a contract valued at approximately SGD165m ($120.2m).
Damen Shipyards Group has handed over four new Fast Crew Suppliers (FCS) 2610 to Allianz Middle East Ship Management.
An overall positive macroeconomic outlook and increased regional infrastructure spending have suggested an improving business environment for the ailing offshore industry, though a rosy outlook is far from certain, according…
KOTUG and Petroconsult have formed a joint venture which will provide operational and towage services for Arab Petroleum Pipelines Co SUMED.
Offshore access solutions provider Ampelmann has set-up its second office in the Middle East in Dubai.
Topaz Energy and Marine have signed a long term contract with Reach Subsea for the charter of the subsea vessel Topaz Tiamat.
The offshore vessels market is expecting to benefit from an uptrend in tendering activity that will help to absorb part of capacity glut and improve utilisation, according to Indonesia’s Wintermar…
MacGregor and China State Shipbuilding Corporation (CSSC) have signed a letter of intent on strategic cooperation that will see MacGregor strengthen its presence in China.
MISC, through its 51%-owned Malaysia Vietnam Offshore Terminal (MVOT), has landed a time charter contract by Idemitsu Kosan for the conversion and provision of a FSO in Vietnam.
Embattled Triyards Holdings has been hit with new statutory demands and litigation claims amounting to a total of $15.9m.
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