Statoil Petroleum has signed a Letter of Intent (LoI) with Sembcorp Marine for a $490m FPSO hull and living quarters.
As AP Moller - Maersk seeks to exit energy related business offshore rig owning company Maersk Drilling reported a $1.67bn loss for Q3, hit by impairments of $1.75bn.
Oil and gas focussed Malaysian shipping group MISC saw almost third quarter revenue growth to MYR2.32bn ($547.9m) as the lease commencement of three new LNG vessels, a favourable judgement from…
Shanghai-based Wison Offshore & Marine is working with KBR on a 1.5mtpa floating LNG (FLNG) liquefaction unit in Papua New Guinea (PNG).
Malaysia Marine and Heavy Engineering (MMHE) returned to the black with a MYR16.4m ($3.9m) profit in the third quarter, recovering from a MYR4.5m loss in the previous correponding period, despite…
Bankrupt Singapore offshore firm Swiber Holdings is pinning its hopes of a rebirth on the Floating LNG (FLNG) sector.
Some 50% of the newbuilding orderbook due to be delivered this year is yet to do so with just nine weeks of the year to according to VesselsValue.
The Norway-based oil service investment company Akastor has revealed that it is in advanced discussions with the Japanese trading and investment company Mitsui & Co to further expand their current…
Maritime simulation has undergone a transformation over the last three years, largely as a result of computer processing speeds and the ability to create real simulation in real time.
Barely over a year after being appointed md of Icon Offshore the company announced that Amir Hamzah Azizan will step down on Nov 30.
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