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Business & Finance, Business developments & projects
Malaysian FPSO provider Yinson has revealed the amount of the settlement with PetroVietnam regarding the 2019 termination of a $1 billion FPSO charter contract.
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Business & Finance, Business developments & projects
Malaysian FPSO provider Yinson has executed a final settlement with PetroVietnam regarding last year’s termination of the $1 billion FPSO charter contract.
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Shearwater GeoServices said it has received project termination notices for two contracts in Asia Pacific. The first termination includes a short project for Woodside in Australia. The project is a part of Shearwater’s largest-ever 4D seismic campaign in the Asia Pacific. The campaign covers new 4D acquisition over the Pluto, Brunello, Laverda, Cimatti and Vincent […]
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SeaBird Exploration has received cancellation notice for the ocean bottom node (OBN) surveys in West Africa. The end-client has decided to cancel the two OBN surveys due to the COVID-19 situation. SeaBird primarily received the letter of award for the surveys in January of this year, and the work was planned to start in April. […]
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Norwegian ocean bottom node seismic company Axxis Geo Solutions (AGS) said it has received a cancellation on a small contract in the North Sea. The contract was scheduled to be executed in second quarter 2020. AGS had not previously announced this contract, however the company said it was communicated as firm in its Q4 2019 […]
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Norwegian ocean bottom node seismic company Axxis Geo Solutions (AGS) said it has received a cancellation on a small contract in the North Sea. The contract was scheduled to be executed in second quarter 2020. AGS had not previously announced this contract, however the company said it was communicated as firm in its Q4 2019 […]
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Awilco LNG gets charter cancelation for Wilforce, an LNG tanker which was damaged in a collision off Singapore.
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Royal Caribbean cancelled three sailings on board Oasis of the Seas following a dry dock crane incident.
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The termination of the initial contract was announced in February this year.
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Algoma received full instalment refund for cancelled shipbuilding contracts with Uljanik and 3. Maj Shipyard.
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Warrenpoint Port has cancelled plans to dump dredged material near protected areas in Carlingford Lough due to environmental concerns. Commenting the latest news, Sinn Féin MP Chris Hazzard said: “I welcome today’s confirmation from Warrenpoint Port that they will not be proceeding with proposals to dump dredged material inside the Lough.” “I want to thank Port […]
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Algoma still examining potential alternatives to replace the cancelled shipbuilding contracts at Uljanik.
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London-listed oil company Tullow is still interested in offshore blocks in Peru, following the Peruvian president’s ruling in May to scrap five offshore oil contracts Tullow had in the country.
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A shoreline erosion feasibility study open house, organized by the U.S. Army Corps of Engineers at the Oacoma Community Center, has been cancelled due to inclement weather in South Dakota. The public meeting will be rescheduled for a date in the near future, said USACE. The purpose of this study is to evaluate alternatives for […]
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Norwegian offshore vessel owner Boa has initiated an enforcement procedure against Fevamotinico S.á.r.l. over missed deadline related to a refund of advance payments Boa IMR had made prior to cancellation of a shipbuilding contract with Noryards Fosen back in September 2015. Namely, on October 5 this year, Oslo tribunal determined that Fevamotinico will pay Boa IMR […]
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Hurricane Harvey, which was downgraded to a tropical storm over the weekend, has left three cruise ships stranded in the Gulf of Mexico as the Port of Galveston had to be closed to all vessel traffic and commercial activities amid heavy weather. Namely, as the port will remain closed on Monday, Carnival Cruise Line said […]
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Greek dry bulk ship owner Diana Shipping has received a full refund payment in the amount of USD 9.4 million following the cancellation of the shipbuilding contract for a Kamsarmax dry bulk carrier. The shipbuilding deal with China’s Yangzhou Dayang Shipbuilding was cancelled in early November due to a delay in delivery of 150 days after the original […]
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The groundbreaking ceremony at Marsh Lake Dam, scheduled for today, has been cancelled due to blizzard conditions predicted to dump 6 to 11 inches of snow in the area. The U.S. Army Corps of Engineers, St. Paul District; the Minnesota Department of Natural Resources; and the Upper Minnesota River Watershed District had planned to celebrate […]
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Singapore-listed shipbuilder Yangzijiang Shipbuilding has been served with three more terminations for shipbuilding orders during the second quarter of 2016, the company said in a stock exchange filing. The orders that were cancelled were for one 10,000 TEU containership, and two bulk carriers with a capacity of 82,000 dwt and 64,000 dwt, respectively. However, this might not be the […]
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Oslo-listed shipowner and dry bulk transporter Pioneer Marine reported a net loss of USD 13.9 million for the first quarter of 2016, mainly attributed to the charges of USD 8.7 million which resulted from the termination of five newbuilding contracts. Pioneer Marine’s commitments on its newbuilding program amount to USD 30.1 million which will be funded from committed loan facilities available on […]
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Oil exports from Marsa el-Hariga port located at Tobruk, Libya, continue being blocked by Beyda government in Libya, according to Tripoli-based National Oil Corporation (NOC). The announcement came as a reaction to claims by Abdulssalam el-Badri, the deputy prime minister of the Beyda government, that crude oil loadings are continuing at the port. “This is […]
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Malaysian offshore services provider Bumi Armada Berhad has, through its wholly owned subsidiary Armada Balnaves Pte Ltd (ABPL), filed and served a Statement of Claim in the Supreme Court of Western Australia against the Australian oil and gas company Woodside following a notice to terminate a charter deal. In a statement released yesterday, ABPL made […]
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Germany’s Wind Energy Agency WAB has cancelled this year’s Windforce 2016 offshore wind trade fair previously scheduled to take place in Bremen from 7 – 9 June. The Windforce conference will go ahead as planned, but without an accompanying exhibition, WAB said in a statement. Instead, WAB’s trade show activities will solely focus on WindEnergy Hamburg, held from 27 […]
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Fred. Olsen Energy has informed that its dispute with Hyundai Heavy Industries (HHI) regarding a contract for the design and construction of a semi-submersible drilling rig Bollsta Dolphin is subject to arbitral proceedings. In October 2015, South Korea’s rig builder Hyundai Heavy asked for more time and money from Fred. Olsen Energy to complete building the rig. Days […]
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Italian oilfield services provider Saipem has taken Gazprom to court over the cancelled Black Sea pipeline project. Saipem is seeking 759 million euros from South Stream Transport, a subsidiary of Gazprom. According to a document found on Saipem’s website, on November 10, 2015 Saipem S.p.A. served a request for arbitration against South Stream Transport B.V. at the […]
