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-based accommodation vessel operator Prosafe has sold another vessel for scrap and is planning to sell off another to the same end. Image of the Safe Boreas, from Prosafe. Prosafe…
Belgium marine contractor DEME has ordered a new, 300-tonne lifting capacity offshore transport and installation vessel, to be called Orion, from China's COSCO. The vessel is set to be delivered in 2019 and will be deployed by DEME’s…
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…
The platform deck for the Ivar Aasen project is now on its way to Norway after sailaway from the yard area in Singapore on Monday. The platform deck will be lifted in place on the field in July. The platform deck is being shipped the…
The platform deck for the Ivar Aasen field was completed at the yard in Singapore on Sunday and will sail away to Norway shortly, operator Det Norske said this morning. The platform deck has now been moved from SMOE’s yard area to the Cosco vessel the Xiang Rui Kou…
Norway's DNV GL has been awarded a contract by China's COSCO Shipping Company for the installation engineering services for the BorWin gamma high voltage direct current (HVDC) converter platform. The Dutch-German transmission system operator…
Sevan Drilling and Cosco have agreed to defer delivery of the new-build Sevan Developer cylindrical drilling rig for another six months. The deepwater unit is being built by Cosco, but has faced construction delays. Meanwhile, Sevan has seen a slowdown in contract awards for deepwater units…
MacGregor signed a contract to supply its Pusnes technology to the COSCO Shipyard Group in China. Upon the terms of the agreement, MacGregor will design, manufacture, deliver and commission complete Pusnes loading systems for two cargo transfer vessels (CTVs)…
Prosafe has taken delivery of the Safe Notos on 4 February 2016 as part of its fleet renewal strategy. Safe Notos is a semisubmersible accommodation vessel. The vessel is of Gusto MSC’s Ocean 500 design and will be equipped with 500 beds…
Dana Petroleum's Western Isles floating production unit will not be on stream until late 2017, some two years later than originally planned, it was confirmed today. In a statement, China's Cosco Corp (Singapore) said it and a European…
COSCO Shipping Co. Ltd. (COSCOL) has signed a contract with Shell Offshore Inc. for the transportation of the Appomattox semisubmersible offshore platform hull from South Korea to Ingleside, Texas. This contract was awarded as part of an enterprise frame agreement between Shell and COSCOL…
