Industry Sectors:Offshore

Offshore

Oil major Shell has exercised a $1bn cash purchase option for a SBM Offshore majority-owned FPSO vessel for work in the Stones deepwater development in the Gulf of Mexico.
France’s offshore services firm Bourbon has inked a memorandum of understanding (MOU) with Automated Ships Ltd to build the world’s first autonomous, fully-automated prototype offshore vessel.
Enra Group has sealed a $48m contract to provide a mooring system and storage tanker services to Petronas in the Andaman Sea, off the coast of Myanmar.
Barakah Offshore Petroleum looks to be increasingly moving into Sarawak hands as timber and energy conglomerate Samling Group founder Yaw Teck Seng became the second largest shareholder, after increasing his…
Singapore-listed Triyards Holdings has issued a profit guidance for its third quarter results, warning of a net loss due to the protracted downturn of the marine and offshore market.
This year is turning out to be one of the toughest years in decades for OSV companies, in view of their rising debt burdens, low market demand and charter rates,…
Sembcorp Marine’s Jurong Shipyard and North Atlantic Drilling Ltd (NADL) have agreed to further delay the delivery of a semi-submersible drilling rig by another six months to 6 January 2018…
Fresh from gaining some new liquidity from the sale of a stake in its Ghana project, Yinson Holdings is eyeing three to six floating production storage and offloading (FPSO) projects…
CIMC Enric has returned to the negotiation table in a second attempt at buying distressed Sinopacific Offshore & Engineering (SOE), after the first attempted deal fell through last year.
Maersk Supply Service has landed a long term charter contract to enter the Mexican market for the first time with Subtec, subsidiary of Blue Marine Group, for one of its…
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