Oil & Gas
State-owned oil company Petrobras said its oil and natural gas output in Brazil for June jumped 4% ias compared with a year earlier. Production was 2,407,366 barrels of oil equivalent per day (boed) in June,…
Dubai-based marine geophysical specialist Polarcus Limited (OAX: PLCS) says that it has signed a term sheet for a bank facility of $410 million with DnB NOR Bank ASA and DVB Bank SE, Nordic Branch, together…
Singapore's Otto Marine Limited says that its Karp Marine Limited unit has secured vessel operating contracts worth US$15 million for three of the group's offshore service vessels.These contracts mark the Group's entry into new vessel…
IJmuiden, Netherlands, headquartered Offshore Ship Designers has been chosen to design a series of six new fuel-efficient seismic support/chase vessels ordered by  offshore major Bourbon to be built at Dubai’s Grandweld Shipyards. The 53 m…
Norway's Farstad Shipping ASA has reached an agreement with Brazil's Petroserv S.A. that will see it buy Petroserv's 50 percent share in BOS Navegação S.A. for $56.5 million.The deal will give Farstad Shipping e 100…
Japan's Mitsubishi Heavy Industries, Ltd. (MHI) has completed development of a new-generation liquefied natural gas (LNG) carrier marking an evolutionary advance from Moss-type LNG carriers. The new vessel-type dubbed "EXTREM" features a peapod-shaped continuous cover…
Statoil has awarded the contract for construction of two new drilling rigs for use on the Norwegian continental shelf (NCS) to Songa Offshore. Statoil announced the tender for the new category D (Cat D) rigs…
Maersk Drilling, a business unit within the A.P. Moller- Maersk group, has declared its option to build two ultra deepwater drillships at Samsung Heavy Industries in South Korea and has obtained a new option for…
One of the world's largest well stimulation vessels, the 300 ft Blue Tarpon, was delivered  to Baker Hughes, Houston, Tex., earlier this month by North American Shipbuilding, Larose, La. Baker Hughes selected naval architectural firm…
Singapore shipbuilder Keppel Singmarine has awarded Wärtsilä a contract to supply an integrated solution for power generation, power distribution, and propulsion for the Diving Support & Construction Vessel (DSCV)
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