Polarcus Limited has received Letters of Intent from four undisclosed clients for separate 3D seismic acquisition projects offshore New Zealand, East Africa, and West Africa. The current contract backlog inclusive of the bareboat charter of Vyacheslav Tikhonov to SCF amounts to USD 190 million and t
Allseas to Build Vessel Larger Than ‘Pieter Schelte’ Swiss-based Allseas has decided to build a second single-lift platform installation and decommissioning vessel. The new vessel, larger than Pieter Schelte, can remove all platform topsides in the North Sea which are beyond the capability of Pieter
Drydocks World, the established international service provider of maritime services to the oil & gas and energy sectors received the prestigious 7th Cycle Mohammed Bin Rashid Al Maktoum Business Award in the Manufacturing Category. The award held under the patronage of H.H. Sheikh Mohammed Bin Ras
Stork Technical Services, a global provider of knowledge based asset integrity services for the oil & gas, power & chemical utility sectors, and Oryx Energy Products & Services LLC (“Oryx”), a service provider for the oil & gas, petrochemical and utility sectors based in Qatar, are establishing a ne
The regional maritime industry in the UAE is facing a demand surge for multi-purpose vessels on the back of dramatic growth being witnessed by the offshore sector. According to statistics revealed recently, 2013 is set to see massive expansion for the region’s oil & gas industry, with regional playe
FoundOcean, the largest dedicated offshore construction grouting company in the world, has announced its further overseas expansion with the opening of its newest office in the Middle East. “The region is a key oil and gas hub of the world” explained Jim Bell, Managing Director of FoundOcean. “And w
Top News of The Week November 4-9, 2013
Water poses a variety of business risks for the energy industry, and could play an influential role in shaping the future energy supply mix, according to Wood Mackenzie’s latest research report “Troubled waters ahead? Rising water risks on the global energy industry”, which utilizes data and maps fr
Leighton Offshore has been awarded another project by Qatar Gas after successfully delivering the replacement of their SPM 1 floating hoses earlier in the year. Leighton’s scope of work For Qatargas Phase 2 will include: – Floating Hose change out works on SPM 2, including flushing of SPM system, in
Lamprell has completed and delivered the first of two Caspian Sea jackup rigs to the client, marking another significant milestone for the Group. The rig has now been delivered to the client and was recently towed out from the Astrakhan re-assembly yard to start operations on its first contract else
Occidental Petroleum of Qatar (OPQL) and Gulf Drilling International (GDI) have signed a five year contract for OPQL to use GDI’s recently acquired drilling rig. The contract was signed by Steve Kelly, President and General Manager of OPQL and Ibrahim Jassim Al Othman, Chief Executive Officer of GDI
Lamprell has announced the completion of construction of the jackup rig “Jindal Star” and its delivery to Jindal Pipes (Singapore) Pte. Ltd. (“Jindal”) a D. P. Jindal Group Company. Completion and delivery of the rig, on budget and 20 months after initial steel cutting, was marked with a ceremony at
Centrica plc, the parent company of British Gas, today announced it has entered into a 4 ½ year LNG supply agreement with Qatargas for the purchase of up to 3 million tonnes per annum of liquefied natural gas (LNG). The £4.4billion deal builds on Centrica’s existing agreement with Qatargas, signed i
McDermott International, Inc. today reported a net loss of $64.1 million, or $0.27 per fully diluted share, for the quarter ended September 30, 2013. These results compared to income of $50.6 million, or $0.21 per fully diluted share, in the corresponding period of 2012. Weighted average common shar
