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Business & Finance

‘First-ever’ remote operated landing crafts to be built in Malaysia

Malaysia-headquartered offshore support vessel (OSV) provider Nam Cheong has been awarded shipbuilding contracts, valued at $64.5 million, for two dive support vessels (DSVs) and two remote operated landing crafts (ROLCs) by a UAE-based maritime logistics company, marking its first newbuild contract

about 7 months ago

Business & Finance

Technip Energies, JGC and SHI chosen to progress Mozambique’s second FLNG project

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A partnership of Technip Energies, JGC and Samsung Heavy Industries (SHI) has secured a contract with Mozambique Rovuma Venture (MRV), an Eni-participated joint venture (JV), to progress work on Mozambique’s second floating liquefied natural gas (FLNG) facility. The contract, defined as significant,

about 7 months ago

Business & Finance

Saipem’s agreement with Aramco takes it to ‘one of world’s largest offshore oil fields’

Italy’s Saipem has secured a new offshore contract in Saudi Arabia worth approximately $500 million under its existing long-term agreement with the country’s energy heavyweight Aramco. Under the contract release purchase order (CRPO), Saipem’s scope of work includes the engineering, procurement, con

about 7 months ago

Business & Finance

Wärtsilä equipment ordered for China-built LNG bunkering vessel duo

Wärtsilä Gas Solutions, part of technology group Wärtsilä, has been appointed to supply its cargo handling and fuel gas supply systems for two LNG bunkering vessels that are under construction in China. The vessels have a capacity of 20,000 m3 and are currently being built at the Zhejiang XinLe Ship

about 7 months ago

Business & Finance

ABL gets busy at Egyptian gas field

Energy and marine consultancy ABL has been selected for the provision of marine warranty survey services for the fourth phase of a gas field development offshore Egypt. ABL will deliver technical review and approval of all project documentation, procedures, drawings and calculations, as well as mari

about 7 months ago

Business & Finance

Another SeaBird Exploration vessel gets contract extension in Western Hemisphere

Cyprus-headquartered SeaBird Exploration, a wholly owned subsidiary of SED Energy Holdings, has secured a three-month contract extension for its source vessel to continue working in the Western Hemisphere. The 2009-built Fulmar Explorer, which joined the company’s fleet in 2019, will continue perfor

about 7 months ago

Business & Finance

Korean-Dutch partnership pursuing hydrogen retrofit for feeder vessel

South Korea’s maritime decarbonization technology specialist Vinssen and Dutch engineering firm MANA Engineering have signed a memorandum of understanding (MOU) to jointly develop a hydrogen fuel cell-based retrofit solution for an 800 TEU feeder container vessel operating in Northern Europe and the

about 7 months ago

Business & Finance

Seatrium continues its divestment series

Singapore-based offshore, marine, and energy solutions provider Seatrium is undertaking a series of additional divestments as part of its ongoing efforts to rationalize non-core assets, streamline operations, and drive long-term value for shareholders. Seatrium has divested a fleet of 17 tugboats in

about 7 months ago

Business & Finance

Tidewater’s fleet to grow to 231 units following acquisition of Brazil’s Wilson Sons

U.S. offshore vessel operator Tidewater is set to see an increase in its global vessel fleet size to 231 units thanks to the acquisition of Brazilian shipping company Wilson Sons. Tidewater has entered into a definitive agreement to acquire all of the outstanding shares of Wilson Sons Ultratug Parti

about 7 months ago

Transocean Deepwater Skyros drillship (former Ocean Rig Skyros); Source: Egon Stefanic

Business & Finance

Transocean’s backlog stands at $6.1 billion in the wake of $610M rig deals

Switzerland-based offshore drilling contractor Transocean has obtained multimillion-dollar assignments and extensions for seven mobile offshore drilling units (MODUs) from its rig fleet.

about 7 months ago

Business & Finance

$20 billion Asian LNG project moves forward with environmental clearance

An environmental approval is paving the way for the development of a liquefied natural gas (LNG) project in Indonesia’s Masela block, which is expected to play a significant role in Asia’s energy security.

about 7 months ago

Valaris DS-9 drillship; Source: ExxonMobil

Business & Finance

Rig gigs of $900 million push Valaris’ backlog to $4.7 billion

Bermuda-incorporated offshore drilling contractor Valaris has secured a batch of new drillship and jack-up rig assignments and extensions in Africa, Asia-Pacific, Europe, and North and South America.

about 7 months ago

Business & Finance

Long-standing customer taps Tekmar for cable protection under €4.7M contract

UK-headquartered Tekmar Group has won a contract worth over £4 million (around €4.68 million) under which it will deliver cable protection systems (CPS) for an offshore wind farm development in Europe. The contract was awarded by a long-standing customer, as Tekmar said, for the delivery of the 10th

about 7 months ago

Business & Finance

One vessel leaving its fleet as DOF moves to bring in 2011-built duo

Norwegian vessel owner DOF Group has taken steps to expand its fleet with the acquisition of two anchor handling tug supply (AHTS) vessels. The firm has also decided to offload one AHTS ship.

about 7 months ago