Chevron suspends production following Benchamas accident
Officials have recovered the body of the crew member and will return him to his family.
Rigs & Vessels
Thailand rushes Navy to prevent oil spill from damaged vessel
Thailand ordered its navy to join efforts to rescue an oil storage vessel operated by a unit of Chevron that was damaged earlier this week during a routine maintenance in the Gulf of Thailand.
Awilco Drilling needs another $5m for legal battle with Singapore shipbuilder
Singapore shipbuilder Keppel is demanding more than £500m from the rig-less Aberdeen-headquartered drilling firm.
BW offloads Opportunity FPSO
BW Offshore has signed an agreement for the sale of the BW Opportunity to an undisclosed third party, amid a series of planned vessel divestments.
Oil shipbuilding giant created as Sembcorp acquires rival Keppel in $3.3bn deal
Sembcorp Marine has acquired rival Keppel Offshore and Marine, creating a giant in the oil and gas and renewables shipbuilding industry.
Borr reactivating last rig in its fleet as drilling optimism mounts
Increasing EBITDA and reducing leverage “could enable a global refinancing of the company in 2024”, Schorn said. This “should ultimately accommodate dividend payments to shareholders".
JGC celebrates third Petronas nearshore FLNG win
JGC will oversee work on the FLNG topsides, onshore facilities and management of the overall project. SHI will handle hull work and modular fabrication of the topside.
Borr adds two more contracts, nears 100% utilisation
Borr Drilling has signed contracts for two of its jack-up rigs, in the Middle East and Southeast Asia.
Transocean takes eight-gen Titan for Chevron work
Transocean ordered the two drillships in February 2014, agreeing to pay $540 million for each of the vessels. Sembcorp said it would deliver the rigs in 2017 and 2018.
Keppel O&M takes jack-up haircut, agrees to Saudi deal
Keppel Offshore & Marine (O&M) has signed up to provide two more jack-up rigs to ADES Saudi, under a contract worth $155 million for the builder.
Ineos boosts ethane fleet with long-term deals for four vessels
Petrochemicals giant Ineos has struck a deal with Pacific Gas for four, 99,000 cubic meter very large ethane carriers (VLECs).
COSL makes major Middle East move
China Oilfield Services Ltd (COSL) has won a number of drilling contracts from one company in the Middle East worth 14 billion yuan ($1.92bn).
Provaris eyes pan-European ‘floating pipeline’ for compressed hydrogen
Australia’s Provaris (ASX:PV1) is looking to become a leader in the hydrogen midstream space, with eyes set on a fleet of vessels that would create Europe’s first supply lines for compressed green hydrogen.
Aberdeen’s ADC secures inspection contract with Petronas
ADC Energy has secured a three-year contract to deliver rig integrity and inspection services to a division of Malaysian national oil company Petronas.
Typhoon tears BP FPSO from Chinese dock
A typhoon has ripped a BP FPSO away from its moorings at a Chinese yard, throwing up another challenge to plans for LNG production off Senegal and Mauritania.
Worker missing after crane collapse in Keppel yard
One worker is missing and several have been injured after a crane collapse at a Keppel shipyard in Tuas, Singapore on Monday.
Borr wins new jack-up work in Southeast Asia
Borr Drilling has secured a new four-year contract for its Saga jack-up rig in Southeast Asia.
Offshore rig day rates heading for highest level in ‘almost a decade’
The offshore drilling rig market is “much tighter” than previously thought, according to new analysis, with some segments “nearly sold-out”.
Maersk Drilling sells Convincer rig to ADES in $42.5m deal
Maersk Drilling has reached a deal to sell its Maersk Convincer oil rig to Middle East and Africa-focused driller ADES for $42.5 million.
Borr Drilling awarded contracts and extensions for five jack-ups
Borr Drilling has been awarded new contracts and extensions for five of its jack-up drilling rigs spanning Southeast Asia and the Middle East.
Noble execs get top billing with Maersk Drilling merger
Noble Corp. and Maersk Drilling have set out the executive team that will lead the new company, confirming Noble’s Robert Eifler as president and CEO.
Tidewater snaps up Swire, Angolan JV
Tidewater has set out an agreement to buy Swire Pacific Offshore for $190 million, creating the world’s largest offshore support vessel (OSV) fleet.
Valaris warns costly rig reactivations await after 2021 results
Offshore driller Valaris (NYSE: VAL) said its “transitional period” post-Chapter 11 bankruptcy will continue into the second quarter of this year as it deals with costly rig reactivations.
BW Offshore takes $67m FPSO impairment
Floating production storage and offload (FPSO) vessel operator BW Offshore will take a $66.6 million impairment on the value of several of its vessels, amid a poor outlook for future redeployments.
Companies named and shamed for sending ships to ‘dire’ beaching yards
Saipem and BW Offshore are among a host of companies that have been shamed for sending their vessels to the “infamous shipbreaking beaches of South Asia”.