Region
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Petrobras and Repsol Sinopec declare prospect in Santos basin unviable
Troubled Brazilian state oil giant Petrobras and the Spanish-Chinese partnership Repsol Sinopec have decided to walk away from an offshore…
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Guyana approves go-ahead of $500m oil services centre on coast
The government of Guyana has given the OK to construction of a $500m oil and gas services centre to be…
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FMC green lights agreement between two Miami terminals
A co-operation agreement between two shipping terminals at PortMiami seaport has gone into effect, following a decision by the Federal…
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Repsol Sinopec Resources extends Prosafe contract
Offshore accommodation platform operator Prosafe has announced that Repsol Sinopec Resources UK has exercised options to further extend the charter…
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Xiazhiyuan vessel to be auctioned
Ningbo Maritime Court has announced that it will auction a 27,000 dwt bulk carrier, , online on January 18. The…
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Coscocs takes 10% stake in Shanghai Rural Commercial Bank
Australia’s ANZ Bank has announced that it is selling its 20% stake in Shanghai Rural Commercial Bank (SRCB) for A$1.84bn…
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Korea Line’s transpacific entrance barred
Korea Line Corp might not be entering the transpacific container trades after all. The board at the dry bulk line’s…
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HMM teams up with Heung-A and Sinokor
Hyundai Merchant Marine (HMM) has teamed up with fellow Korean lines Heung-A and Sinokor to form an intra-Asia container alliance.…
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Great Eastern Shipping snaps up suezmax pair
India’s Great Eastern Shipping has announced the acquisition of a pair of secondhand suezmax crude tankers. The 157,000 dwt vessels…
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KDB ups stake in DSME
The ongoing restructuring at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has seen lead creditor Korea Development Bank (KDB)…
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S.D Standard Drilling invests in PSV pair
Norway’s S.D Standard Drilling has further invested in platform supply vessels via its subsidiary, Wanax. Wanax has investing $5.215m to take…
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L&T Hydrocarbon Engineering secures new Saudi Aramco contract
Larsen & Toubro’s L&T Hydrocarbon Engineering, in consortium with EMAS Chiyoda Subsea, has announced two EPCI contract awards from Saudi…
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Songa semi-submersible hit by leakage
Norway’s Songa Offshore said that crew observed water ingress into a pumproom onboard the semi-submersible drilling rig yesterday afternoon. The…
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BW Offshore secures FPSO extension
BW Offshore has announced that it has signed an interim extension agreement for FPSO with Nigerian Agip Exploration, a subsidiary…
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Former Hanjin boss charged with insider trading
The former chairman of Hanjin Shipping was indicted on Friday on charges of insider trading. Choi Eun-young stands accused of…
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Swiber claims surge to $288.8m
Singapore offshore operator Swiber, which sought judicial management late July having earlier announced its liquidation, now has claims against the…
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GulfMark Offshore terminates notes buyback scheme
GulfMark Offshore on Friday terminated its “opportunistic” cash tender offer to purchase up to $300m aggregate principal amount of its…
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Keppel FELS reaches agreement over stalled rig project
Keppel FELS has managed to resell a jack-up rig after the original buyer, Parden Holding, failed to pay up and…
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Mermaid Maritime cancels rig pair at China Merchants
Thailand’s Mermaid Maritime Public Company has cancelled construction contracts with China Merchants Industry Holdings for a pair of tender assist…
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Miclyn Express Offshore subsea vessel charter extended
Singapore’s Miclyn Express Offshore has done a deal to extend the charter of its 2013-built subsea support vessel to PT Seascape Surveys…
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