Contracts

Polarcus Wins Broadband 3D Project in Australia

Marine geophysical company Polarcus Limited announced it has signed a contract with an undisclosed client for a 3D marine seismic project in Australia utilizing

US Navy Awards $22mln Waterfront Inspection Deal

The U.S. Navy has awarded a five-year, $22 million contract to Appledore Marine Engineering, a specialist focusing exclusively on the inspection and design of marine infrastructure,

Keppel Delivers Jackup to UMW-OG

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered UMW Naga 8, a KFELS B Class jackup rig, to Malaysia’s UMW Oil & Gas Corporation Berhad (UMW-OG).

Rolls-Royce to Design, Equip Canadian Stern Trawler

The shipbuilding company VARD Group AS in Norway has received an order from a Canadian company for a shrimp stern trawler to be designed and equipped by Rolls-Royce,

Oil Market Volatility Leaves Traders Guessing

Crude oil prices have been on a rollercoaster over the last four trading sessions that has seen some of the highest volatility in a quarter of a century. The

Brazil Oil Workers: Petrobras Strike Starts Friday

Brazil's largest oil workers' union advised Petroleo Brasileiro SA that it plans to begin an open-ended strike against the state-run oil company starting at midnight (0300 GMT) on Friday.

Coal Prices Seesaw in Global Market Turmoil

Global markets in turmoil over slowing economic growth. Thermal coal markets have gone through a volatile patch, pulled up and down by global markets as well as regional demand and supply swings,

China: $5 bln Loan to Boost PDVSA Output

Venezuela and China have signed a deal for a $5 billion loan designed to increase the OPEC country's oil production, Venezuelan President Nicolas Maduro said. Maduro,

Rosneft: COSL to Drill Offshore Wells

China Oilfield Services Limited (COSL) will drill two offshore exploration wells for Russia's Rosneft, the Kremlin-controlled oil giant said on Wednesday, as it

Egypt Picks Jordan LNG Cargo Winners

Egypt has picked Shell, Vitol and Trafigura in a tender to supply four cargoes of liquefied natural gas (LNG) via Jordan's Aqaba import terminal, trade sources said.

PGS: Market Weakness to Continue

The market for seismic vessels will probably remain weak for an extended period, Petroleum Geo-Services Chief Executive Jon Erik Reinhardsen told an oil conference in Oslo on Wednesday.

Cameroon Awards Kribi Deepwater Contract

Cameroon has awarded a contract for its Kribi port to a consortium led by French logistics group Necotrans, the two parties said. The deepwater port will allow

BG says European Commission signs off on Shell bid

BG Group Plc said the European Union's antitrust regulators had approved Royal Dutch Shell Plc's $70 billion takeover bid for the oil and gas producer. The company

Weak Economic Outlook Propels Energy Losses

Brent, U.S. crude prices fell 8 pct on Tuesday; fundamentals remain bearish, analysts say. Oil prices fell on Wednesday as concerns about the global economy

Subsea 7 Bags $150 million Offshore UK Contract Maersk

 Offshore contractor Subsea 7 has been awarded a $150 million subsea, umbilical, riser and flowline (SURF) contract by Maersk Oil for the development of the Culzean field in the UK North Sea.

SMOE Wins $1bln Multi-platform Culzean Contract

 Singapore's offshore services provider Sembcorp Marine has won an engineering, procurement and construction (EPC) contract worth over USD1 billion for the Culzean

SHIPPINGInsight to Focus on Ship Telematics

  The subject of ship telematics will be prominently featured at the upcoming SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition, which takes place in Stamford, Conn.

First Joint Welded of Final Section of Phase II at Bukhara Gas

  Today the vicinities of Sokuluk village (Chuy Region, Kyrgyz Republic) hosted a ceremony of welding the first joint of the final section of Phase II at the Bukhara

Euronav Acquires $ 750 mi Facility

  The Executive Committee of Euronav NV today announced that it has signed a new USD 750 million senior secured amortizing revolving credit facility led by DNB

Sembcorp Unit Wins $1 bln Maersk North Sea Deal

  Sembcorp Marine subsidiary SMOE Pte Ltd has secured an Engineering, Procurement and Construction (EPC) contract worth over USD One billion (including long lead

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