Boskalis tees up vessels to recover sunk Velesto oil rig
The Naga 7 rig capsized in 2021.
Rigs & Vessels
Valeura signs up Borr rig to continue southern Thailand expansion
There were more near field exploration targets planned for 2024. These, it said, would support further expansion at the project. Valeura has raised the possibility of a Nong Yao D platform to follow Nong Yao C.
Samsung Heavy wins major LNG carrier contract
The company said this was larger than its previous largest order, which was for 16 methanol-power containerships, worth 3.95trn won ($3bn).
Global offshore rig market could reach 96% utilisation in 2024
Westwood expects offshore rig dayrates to continue their upward trajectory across the board in 2024 as supply tightens.
Shelf Drilling Perseverance rig to depart North Sea for £58m Vietnam contract
Sun sets on Perseverance rig's time in the North Sea, with Shelf Drilling announcing a 16 month contract with PetroVietnam.
The great drilling rig migration: jacking up and shipping out
Now that rates are rising, Middle Eastern demand is slowing – but Southeast Asia has been touted as the next step.
Dolphin Drilling bags international work for Borgland
Dolphin Drilling has confirmed the award bid of a rig contract with Oil India, paving the way for redeployment of its Borgland Dolphin rig next year.
Singapore charges execs of collapsed Swiber with misleading market
The major point flagged by the charges concern a contract win from late 2014. Swiber at the time said it had won a $710 million contract in West Africa.
Despite Wassana challenge, Valeura stockpiles cash for growth
“We're both highly motivated to get the asset back up and operating again. They have a vessel they put capital into. They obviously want to be getting paid and making a return on that,” he said.
QE signs $3.9bn deal for 17 Korean LNG carriers
As a result of the deal, QE will increase its fleet size from 60 to 77. The company has said more vessels are to come.
Jadestone builds confidence at Montara and looks ahead
Jadestone CEO and president Paul Blakeley said Montara had been a “real problem”. The defect in July occurred in a tank that had already been inspected, he explained to Energy Voice.
Valeura scores more at Wassana, aims for restart
The drilling could inform decisions on another 20 production wells. Expanding the Wassana facility would involve more wellhead and oil processing structures, it said.
BW Offshore nearing completion of Barossa FPSO
The floating storage production and offloading (FPSO) unit for the Santos-led (ASX:STO) Barossa project is almost three quarters of the way there.
CIMC Raffles takes on Saipem conversion for Congo work
Saipem expects the offshore commissioning and start up of the FPU to take place in the fourth quarter of 2025.
Shell, PTTEP dial up Sarawak drilling with Noble rig
One of those wells has been transferred to PTTEP for the Rotan NFE appraisal well, offshore Sabah. The drillship should begin this well in December 2023, with work taking 21 days.
VIDEO: Indian Coast Guard evac rig ahead of cyclone
According to the Joint Typhoon Warning Center, Biparjoy is a cyclonic storm that risks damaging winds, "heavy rainfall, storm surge, rough seas, mudslides, and flash flooding".
Sapura Energy heads off creditors for now, signs 10 contracts
Sapura Energy has also said its proposed restructuring would include a “white knight” investing 1.8 billion ringgits ($390mn) in the business.
Petrofac wins O&M contract extension for FPSO
Valeura is carrying out refurbishment work on the FPSO, worth $9mn. This is intended to ensure ongoing reliability and extend its class certification.
Bumi Armada revenue falls, cuts leverage
At the end of the quarter, Bumi Armada’s order book was 11.1 billion ringgits ($2.39bn). It has options for another 9.3bn ($2.01bn).
Awilco will not appeal arbitration ruling against Keppel
Keppel claimed $440mn plus interest for the first rig million and $269mn plus interest for the second rig. Awilco has warned that any ruling against the company could result in bankruptcy.
Velesto wins Petronas work for three jack-ups
The deal is the most significant since Velesto struck a deal with Hess in November 2022.
Burning oil tanker off Malaysia rings shadow-fleet alarm bells
Three crew members are missing from a Gabon-registered tanker that caught fire on Monday in the South China Sea, a Malaysian maritime enforcement agency official said on Tuesday.
The ‘Coanda Effect’: Shipping industry looks to laws of aerodynamics to slash emissions
The "Coanda" effect is used in jet aircraft and even F1 - now the shipping industry is using the laws of aerodynamics to tackle emissions.
Sembcorp Marine finance man calls it quits
On April 3, Sembcorp Marine reported that it had three consecutive years of pre-tax losses. It cut its losses in 2022 by 78% from the previous year, but still reported a full-year loss of S$261 million.
Sembcorp aims for name change following Keppel combo
Seatrium is a combination of “sea” and “atrium”. The company had generated more than 1,000 names and whittled it down through a legal and linguistic screening.