South Korea’s Hyundai Heavy Industries Co., Ltd. (HHI) has signed a contract for a $1.94 billion order for the second package of the Nasr Full Field Development Project from Abu Dhabi Marine Operating Company (ADMA-OPCO). According to the contract, HHI will undertake engineering, procurement, constr
The result of a tender to build an LNG import terminal at Fujairah will be announced in early 2015.
Baker Hughes Incorporated has posted the international rig count for October 2014 on its Investor relations website. The international offshore rig count is up by 10 rigs when compared to last year. The international rig count for October 2014 was 1,308, down 15 from the 1,323 counted in September 2
The official commencement of the Suez Canal Expansion Dredging Contract is now one step closer with the arrival of the first Consortium dredger, the National Marine Dredging Company’s ‘Al Mirfa’. Dignitaries from Egypt, United Arab Emirates, Netherlands and Belgium celebrated the arrival of the vess
Höegh LNG has signed a time charter party contract with EGAS for FSRU Höegh Gallant.
Petrofac has secured a second contract extension from South Oil Company (SOC) for support on its Iraq Crude Oil Expansion Project. The 12-month extension, worth around US$106 million, comes into effect in December and brings the total value of the contract to more than US$300 million since it was fi
Offshore Energy, the fastest growing gathering of offshore industry professionals, is breaking records year after year with more than 600 exhibitors present in 2014. The two-day event was opened by Dr. María de Lourdes Melgar Palacios, Under Secretary of Hydrocarbons of Mexico, joined by Pieter van
A division of Unique Maritime Group (UMG), Unique Wellube, has provided mechanical seal plugs for Abu Dhabi Marine Operating Company’s (ADMA-OPCO) significant pipeline isolation project. ADMA-OPCO’s 8” subsea riser was found to have some damages which would require a weld repair at the splash zone o
Claxton Engineering, an Acteon company, has been awarded a 12-month contract for multiple well slot recoveries in the Arabian Gulf. Claxton’s Dubai office will perform diamond wire cutting and subsea drilling and pinning, and provide a surface conductor recovery package, including band saws and doub
National Marine Dredging Company (NMDC) will take part in an ambitious world class project to dredge the 35km of the New Suez Canal, parallel to the existing one. The $1.5 billion contract for the project was announced on October 18th by the Head of the Suez Canal Authority, Admiral Mohab Memish and
First steel was cut for two self-propelled jack-up units at Eversendai Offshore’s UAE yard, the company today announced. The two liftboats ‘Aryan’ and ‘Arjun’, being built at the company’s yard in RAK Maritime City, Ras Al Khaimah, United Arab Emirates, are scheduled to be delivered in 2016. The uni
Marine Assets Corporation has announced the successful launch by undocking of its 4th Compact SemiSub (CSS) named Themis at Fujian Mawei Shipyard, Fuzhou, SE. China. Themis is following the launch of two other CSSs, Olympia and Venus. To remind, the CSS Olympia was delivered by MAC Offshore to GranE
The Saipem 10000 drillship has this week reached Cypriot waters, where it will begin drilling operations on behalf of Eni/KOGAS joint venture. According to Cyprus’ media, the country’s energy minister Yiorgos Lakkotrypis will today arrive aboard the drillship, and will stay there until the drill bit
Texas-based Excelerate Energy has entered into a 10-year charter deal with Dubai Supply Authority (DUSUP) to provide and operate an FSRU that will be located at DUSUP’s existing Jebel Ali LNG import terminal. DUSUP is responsible for supplying energy to a number of key utility and industrial compani
