A timelapse video from Energean shows the floating production, storage and offloading unit (FPSO) Energean Power being built over 10 months and then floated out from a COSCO shipyard in Zhoushan, China.The FPSO, which floated out in mid-September…
UK exploration & production company Premier Oil has chartered a Vroon Offshore supply vessel to support its offshore drilling operations in the UK Sector of the North Sea.According to the Dutch shipping company, Premier Oil has hired its supply…
Norwegian semi-submersible accommodation vessel owner Prosafe has taken delivery of the Safe Eurus, an advanced and flexible vessel for worldwide operations excluding Norway.The Safe Eurus was delivered in May and will shortly begin mobilization…
Belgium-based DEME Offshore announced Friday it has been awarded a contract worth approximately €200 million ($223.3 million) for the transportation and installation of 165 foundations and turbines at Ørsted’s Hornsea Two offshore wind farm in the UK…
Luxembourg based Jan De Nul Group (JDN) announced Friday it has ordered its third offshore jack-up installation vessel, due for delivery from Chinese shipyard COSCO Shipping Heavy Industry in 2022.The new vessel, Voltaire, is designed to transport…
London-based international law firm Watson Farley & Williams (WFW) advised Foresight Group of Dubai on the delivery arrangements relating to a LeTourneau Super 116E jackup drilling rig named “VIVEKANAND 3”.The rig was constructed in China by…
Drilling contractor Seadrill reported today (24 August) that it would likely file for Chapter 11 bankruptcy on or before 12 September to implement its comprehensive restructuring plan. Source: Seadrill The…
OMV (Norge) AS has received consent from Norway’s Petroleum Safety Authority (PSA) to drill an exploration well in block 7324/8 in the Barents Sea. Island Innovator. Image from Island Drilling…
Sevan Drilling has amended the delivery deferral period for the Sevan Developer cylindrical drilling rig until 30 June 2020, effective upon receipt of US$25.3 million plus interest from Cosco (Qidong) Offshore Co. Ltd. (Cosco). Sevan says that the receipt is expected by 31 July 2017…
Maersk Supply Service (MSS) has reached agreements with two shipyards to delay nine of its newbuild vessels due to the current market situation. Maersk Master. Image from MSS. A…
Sevan Drilling has announced yet another delivery deferral agreement for the Sevan Developer. This time, the delay has been extended to 30 June 2017 to “complete and finalize negotiations.” Other terms of the deferral agreement have not been amended…
Norway’s Petroleum Safety Authority (PSA) has granted Lundin consent to carry out exploration drilling of well 16/1-27 on the Edvard Grieg field in the North Sea. Lundin is the operator of the Edvard Grieg field, around 140km west-southwest of Stavanger…
Singapore-based Sembcorp Marine entered into an agreement to sell its 30% stake in Cosco Shipyard Group (CSG) in a US$156 million (S$220.68 million) deal with China Ocean Shipping Group Co. (COSCO), eliminating the majority of Sembcorp’s interest in CSG…
Sevan Drilling and Cosco have agreed to exercise the third six-month option to extend the deferral agreement of the Sevan Developer cylindrical drilling rig to 15 April 2017, delaying the unit an additional six months. The final delivery instalment has been amended to US$499…
Teekay Offshore is to take a hit of US$43.7 million after cancelling construction contracts for two flotels, described by Teekay as units for maintenance and safety (UMS). The firm also says it suffered a drop in income due to its Arendal…
