China Oilfield Services Limited (COSL) has acquired two jack-up drilling rigs built at China Merchants Heavy Industry (Shenzhen) Co.

US private equity firm KKR (formerly Kohlberg, Kravis and Roberts) has created a new unit, Maritime Finance Company.  

Malaysia's Bumi Armada Bhd has performed well in the first half and is looking forward to more contracts going forward, the company said.

Keppel FELS has been awarded a $280m contract for an accommodation semi-submersible by Floatel International Ltd.

Saudi Aramco, Bahri and Singapore's Sembcorp Marine have signed an MOU to prepare a feasibility study for the construction of an offshore-focussed "maritime yard" in Saudi Arabia.

A unit of Malaysia's Daya Materials Bhd has landed a major deal worth up to MYR440m ($133.4m) for an offshore subsea construction vessel long-term charter contract from Norway's Technip Norge AS for work in the North Sea and North Atlantic.

More controversy has erupted as the graft scandal which hit Indonesia’s energy regulator SKKMigas last week has led to the suspension of all oil, condensate and natural gas sell tenders as it reviews internal procedures, local media reported.

A fire on an oil rig in the Gulf of Mexico has been contained by salvage firm T&T.

Maersk Group has announced its plans to establish a fifth core business unit, "Services and Other Shipping" by the start of 2014.

Profits at Maersk group slipped 11% to $856m in the second quarter, from $965m in 2012, however, container shipping did well despite a tough market.