Offshore

Malaysia’s Sapura Energy has clinched contracts worth a total of MYR1bn ($242m), including its first offshore wind farm deal, for engineering, construction and drilling works across Asia-Pacific.The 10 new contract wins were secured across...

DP World continues to expand its business footprint acquiring Topaz Energy and Marine, a major player in the offshore marine space.

Maersk Drilling has clinched contracts for its drillship Maersk Valiant with Repsol Exploracion Mexico for work on a two-well project in the Gulf of Mexico.The contracts have an expected duration of 138 days and are set to commence in March 2020...

Maersk Drilling has completed the sale of jack-up rig Giant, formerly Maersk Giant, to Poland’s LOTOS Petrobaltic Group.The new owners will use the rig for drilling solely in the Baltic Sea for jobs involving the LOTOS Petrobaltic Group and other...

Singapore’s shipyard group Sembcorp Marine (Sembmarine) has landed a SGD2bn ($1.5bn) loan from its largest shareholder Sembcorp Industries to help reduce its debt.Of the SGD2bn five-year subordinated loan facility, Sembmarine will be using the...

Japan’s Mitsui OSK Lines (MOL) has entered into a long term charter contract with Hong Kong LNG Terminal to supply a FSRU for the Hong Kong Offshore LNG Terminal project.The FSRU, the 263,000 cu m MOL FSRU Challenger, was built at South Korea’s...

The UAE Shipping Association (UAESA) is flagging up opportunities for international owners in the offshore sector from upcoming oil and gas projects.

Van Oord, in consortium with TechnipFMC, has been awarded a contract by Anadarko Petroleum Corporation for the LNG project Area 1 Mozambique Golfinho/Atum.

The Middle East region's offshore market continues to demonstrate an upward trajectory, which makes it the most robust marketplace from a demand perspective - widely attributed to the significant investment plans of the Kingdom of Saudi Arabia ...

Wuhan Marine Machinery Plant, a subsidiary of China Shipbuilding Industry Corporation (CSIC), has signed contract with PowerChina Huadong Engineering Corporation Limited to construct a 55-metres deep water self-jack up exploration platform.