Offshore
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Polarcus refinances, lays up vessel in tough market conditions
Dubai: Oslo-listed seismic vessel owner Polarcus has said that it has secured amended terms to its $410m fleet bank facility,…
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Former Port Klang Authority head appointed Daya Materials CEO
Kuala Lumpur: Daya Materials, a Malaysian service provider to the oil and gas industry, has announced the appointment of Lim…
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Rosneft cancels Northern Offshore jackup contract
Houston: Oslo-listed Northern Offshore has said that North Atlantic Drilling has received notice of cancellation from Rosneft Oil Company for…
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Alam Maritim & Vallianz jv picks up first OSV
Kuala Lumpur: Alam Maritim Resources, via a subsidiary of Deepsea Leader Venture, has acquired offshore support vessel OLV Venture 1…
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KrisEnergy sees initial success at Rossukon-2 in Gulf of Thailand
Singapore: KrisEnergy has said that drilling of the Rossukon-2 exploration well at the G6/48 block, located in the Gulf of Thailand,…
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Fire strikes Petrojarl Knarr FPSO for second time
Oslo: A second fire within six months broke out in the early hours this morning onboard the Petrojarl Knarr FPSO.…
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Shell expected to get green light this week for Arctic drilling
Washington: All eyes will be on Washington DC and the polar north this week as the US Department of the…
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FMC Technologies and Technip form subsea giant
Oslo: Oil service giants FMC Technologies and Technip have signed a joint venture deal that will combine the two companies’…
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Tan wins boardroom battle at Tanjung Offshore
Kuala Lumpur: In a surprise U-turn the faction led by Tan Kean Soon appears to have won the two-month long…
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Scomi Energy Services cancels rights issue
Kuala Lumpur: Scomi Energy Services has cancelled a proposed rights issue of convertible five-year bonds worth up to RM140.5m. The…
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Transparency International urges Tanjung Offshore to conduct audit
Kuala Lumpur: Transparency International, the global coalition against corruption, has urged Tanjung Offshore to conduct a forensic audit in order…
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South Carolina town joins ranks of opponents to Atlantic oil drilling plan
Washington: Reflecting a trend on the east coast of the US, the South Carolina town of James Island on Friday…
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Petrobras shuts down FPSO over safety concerns
San Francisco: As if the ongoing corruption scandal around Petrobras was not enough, the company was forced to shut down…
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Old Ocean Produce offloaded
Oslo: Atlantic Offshore has said that supply and rescue vessel Ocean Produce (built 1974) has been sold. The vessel, which…
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Venezuela claims victory in $46m Tidewater ruling, but will try to reduce it further
San Francisco: Venezuela will try to have an arbitrator’s $46m compensation ruling reduced, even though it feels vindicated by the relatively…
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Polarcus awarded seismic project offshore UK
Dubai: Oslo-listed seismic vessel owner Polarcus has said it has signed a letter of intent with an unnamed client to…
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Siem Offshore makes structural changes
Oslo: Subsea 7 spinoff, Siem Offshore Inc, has announced a major restructuring of the business to form two separate divisions…
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New budget a boon for UK offshore oil & gas and maritime sectors
London: UK chancellor George Osbourne has unveiled his new budget for the fiscal year 2015, which comprises a number of…
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Gulf of Mexico offshore block sales raise $539m in subdued bidding
New Orleans: The US Department of the Interior raised $539m in lease sales for oil and gas properties in the…
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Transocean to scrap four more offshore rigs
New York: Offshore drilling contractor Transocean announced on Wednesday it will scrap four rigs it had previously planned to sell, and…
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