Kuala Lumpur: Icon Offshore has been awarded two contracts worth about MYR90m ($29.3m) by two production sharing contract operators.

Power system specialists Wärtsilä and Rolls-Royce, and shipowners Maersk and Eidesvik Offshore are amongst those spearheading the advance of electrical power on board the ships of tomorrow. Their initiatives come against a backdrop of spiralling...

Dubai: Shiprepair, conversion and newbuild group Drydocks World has announced the launch of a Global Offshore Services arm, coinciding with the opening of a new workshop in Fujairah to complement its existing facilities in Dubai.

Singapore: Singapore-based Otto Marine has sold a multi-purpose field support and ROV support vessel for about $50m to RY Offshore Limited.

Singapore: Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine, won contracts from Mexican drilling company Grupo R to build four jack-up rigs worth $820m.

Singapore: Malaysia-based offshore vessels shipbuilder Nam Cheong scored a $72.1m deal to sell six vessels for two of its existing customers.

Brussels: Exmar made a profit of $54.6m in 2012, reversing the $34m loss it suffered in 2011.

Rio de Janeiro: Floating production specialist SBM Offshore has been awarded letters of intent for the 20 year charter and operation of two FPSOs by a Petrobras-led consortium.

Ulsan: South Korea's Hyundai Heavy Industries (HHI) received a letter of award for a $1.3bn order for a floating production unit (FPU) and a $700m order for a tension leg platform (TLP) from Total E&P Congo on Tuesday.

Hong Kong: China Rongsheng Heavy Industries has won two jack-up rigs engineering, procurement, and construction (EPC) contracts worth more than $360m, marking the first jack-up rig orders received by the group.