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BP's Deepwater Brazil Flow Test Successful
BP announce that it has completed a successful flow test of the Itaipu-1A discovery well, offshore Brazil. The drill stem test was the latest activity in the ongoing appraisal programme at the BP-operated Itaipu discovery. The well test achieved flow rates of up to 5…
Who Dat Field Subsea Order for FMC
FMC Technologies wins a subsea equipment order from LLOG Exploration for the curiously named Gulf of Mexico field. The project is located in the Gulf of Mexico Mississippi Canyon Block 503 in water depths of approximately 3200 feet (975 meters).
ABB Main Electrical Contractor for Ichthys Offshore Project
ABB appointed main electrical contractor for new semi-submersible central processing facility (CPF) at Ichthys oil & gas field in the Timor Sea off Western Australia. The order is valued at $15 million. ABB was awarded the MEC contract by the engineering…
Mercator Lines Reduce Liabilities in Challenging Market
Mercator Lines (Singapore) Indian-owned international dry bulk shipping company cuts short charters, sell a ship. The sale of the vessel Sri Prem Putli was concluded on 21st March, 2013 resulting in net proceeds of USD 44.4 million. The proceeds…
Singapore's Mercator Lines Sell off Subsidiary
Mercator Lines has signed a share purchase agreement for the sale of its 81% stake in Target Ship Management. The sale of its 81% stake in the Company comprised 426 ordinary shares and realised SGD 128,709.00 in cash. Following the disposal…
Kvaerner Wins EPC Contract for Hebron GBS Project
ExxonMobil Canada Properties has released the option for Kvaerner's joint venture company Kiewit-Kvaerner Contractors to provide the full scope of engineering, procurement and construction (EPC) services for the Hebron Project gravity based structure (GBS).
SCR Detailed Design Contract for 2H Offshore
2H Offshore Inc., an Acteon company, awarded a Steel Catenary Riser (SCR) detailed design project with LLOG Exploration Company. The scope of work includes the provision of detailed design of the production and export SCRs tied back to the Exmar…
Coast Guard to Accept DNV Surveys on GoM Floater
DNV's contract for classification & CVA (Certified Verification Authority) for Delta House floater marks new era of choice in the Gulf of Mexico. DNV has been awarded the classification contract for a new build floating production semi-submersible platform for the GoM.
Ship Sale Pays Off Mortgage, Compensates Charter Termination
Mercator Lines (Singapore) agrees to sell its 279,022 dwt VLOC 'Sri Prem Putli'. The vessel was built in 1993 and converted from Very Large Crude Carrier (VLCC) to Very Large Ore Carrier (VLOC) in 2009. The Vessel is expected to be delivered to its buyers in March 2013.
Seawork Expands for 2013 Event
Seawork, the commercial marine industry exhibition and conference (ABP Port of Southampton UK, 25-27 June 2013; www.seawork.com), has expanded into a third hall, due to increased demand for stands from exhibitors. At the close of 2012, Hall A was completely sold out…
South China Sea Energy Exploration by Chevron
Chevron Corporation's China subsidiary signs production sharing contracts for exploration blocks in the Pearl River Estuary, South China Sea. Chevron's agreement is with China National Offshore Oil Corporation (CNOOC). Under the PSC agreements…
FPSO Mooring Inspection Contract for Welaptega
Welaptega Marine awarded contract for a mooring inspection & fitness for purpose evaluation on 'Dhirubhai-1' floating production storage & offloading (FPSO) vessel. The Dhirubhai-1 floating production storage and offloading (FPSO) facility is located in the Bay of Bengal…
Mercator Lines (Singapore) Terminate Ship Charters Early
Mercator Lines (Singapore) agree early termination & settlement agreements with owners of bulkships 'Chaitali Prem' & 'Chanchal Prem'. Briefly, the existing charter of M.V. “ Chaitali Prem ” ends on or about 31 August 2014. Under the terms of the relevant Early Termination Agreement…
Chevron Strike Gas Offshore Western Australia
Natural gas deposits discovered in two locations by Chevron Australia's deepwater drilling exploration program in the Carnarvon Basin. The Pinhoe-1 exploration discovery well encountered approximately 197 feet (60 meters) of net gas pay in the Barrow and Mungaroo Sands.
Indian FPSO Finance Secured by Malaysian Operator
Bumi Armada Berhad secures syndicated Indian banks term loan facilities of up to US$276.4-million for FPSO 'Armada Sterling'. Malaysia-based international offshore oil and gas services provider, company Bumi Armada Berhad announced today that its jointly controlled entity, Armada D1 Pte. Ltd.
Pacific Drilling Charters Out 'Pacific Khamsin'
Pacific Drilling's ultra-deepwater drillship the 'Pacific Khamsin' contracted by a subsidiary of Chevron Corporation for operations in West Africa. The minimum duration of the contract is for an initial two-year term, with contract commencement expected by end of the third quarter of 2013.
World's First Buoyant Tower Set Offshore Peru
Horton Shallow Water Development's (SWD) CX-15 buoyant tower has been set as planned for BPZ Energy off the coast of Peru. The Buoyant Tower concept draws on the proven technology of the cellspar and the design provides multiple benefits for…
Technic Wins Another Ichthys LNG Contract
Technip wins INPEX CORPORATION commissioning contract worth approximately €210 million, for the Ichthys LNG Project in the Browse Basin, Western Australia. An integrated team will work on all activities related to the preparation and execution of the offshore commissioning for the floating…
New Fleet Management System Debuts at SMM 2012
Applied Weather Technology, Inc. (AWT) introduces its Fleet Decision Support System (FleetDSS). The new fleet management system is completely customizable, designed to improve efficiency and fleet safety while facilitating reductions in total voyage costs.
Bunker Supplier Aegean Expands to Hong Kong
Greek-based Aegean Marine Petroleum Network Inchas to offer oil fuel bunker supply service in Hong Kong. New York-listed interntaional bunker supplier Aegean Marine Petroleum Network Inchas announce plans to expand its global network for the…
Keppel Signs $4.1B Deal
The offshore industry, and specifically Brazil, continue to be a driver for maritime markets, as Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary Fernvale Pte. Ltd., signed contracts with Sete Brasil Participações S.A. (Sete Brasil)…