African Petroleum Corporation has agreed a farm-out deal with Buried Hill Africa on Block CI-509 offshore Côte d’Ivoire (Ivory Coast), west Africa. Buried Hill will get a 10% interest in the block in return for funding 21.1% of the…
Russian based Rosneft announced a joint venture agreement regarding implementation of vessel, drilling rig, and marine equipment construction and design projects that was signed at the 21st World Petroleum Congress on 16 June. The joint venture was entered by Rosneft…
Bids from Russia’s Gazprom and China’s China National Offshore Oil Corporation (CNOOC) have been included in the latest licensing round offshore Tanzania. The 4th Deep Offshore and North Lake Tanganyika Licensing Round closed on May 15…
Sakhalin Energy Investment Company (Sakhalin Energy) and Sovcomflot Shelf (SCF Shelf) on behalf of Sovcomflot Group have signed a contract for construction and long-term operation of a multifunctional icebreaking supply vessel for the Sakhalin-2 offshore platforms…
Mobilization work for a 3D seismic ocean bottom cable (OBC) data acquisition survey in offshore production license (OPL) 233 offshore Nigeria has started. Following mobilization, which is expected to complete by the end of March, the…
Petronas has reached the final investment decision(FID) for its second FLNG facility project, off the coast of Sabah in Malaysia. The FID was approved by the Petronas board on 23 Jan 2014. Subsequently, Petronas has issued a letter of award for the engineering procurement…
Keppel Offshore & Marine Ltd's (Keppel O&M) subsidiaries Keppel Shipyard Ltd (Keppel Shipyard) and Keppel Nantong Shipyard Co. Ltd (Keppel Nantong) have secured five contracts worth about S$150 million in total. Keppel Shipyard's contracts are FPSO and FSO projects from Armada C7 Pte Ltd…
Rosneft, Gazprombank, Sovcomflot and Korean shipbuilding company Daewoo Shipbuilding & Marine Engineering Co. (DSME) have signed a Memorandum of Understanding on key terms of cooperation to establish shipbuilding and industrial cluster in the southern part of Primorskiy Krai (Russian Far East)…
The imperative for a holistic United States maritime strategy has never been greater. The National Strategy for the Marine Transportation System was published in July 2008, by the previous administration. The White House, the Congress, and…
Rio de Janeiro-based AMEC Kromav, specialist company for shipbuilding and offshore activities, is urging the Russian industry to take full advantage of Brazil’s multi-billion dollar offshore industry opportunities. In a comprehensive presentation at NEVA in St Petersburg…
The group chief finance officer of United Arab Emirates-based rig builder Lamprell is to leave the business. Frank Nelson, who joined Lamprell last year, is to return to the UK for personal reasons, said Lamprell, which is due to announce its half year results tomorrow (August 29)…
Hudong-Zhonghua Shipbuilding Group, part of the China State Shipbuilding Corporation, was awarded a contract from GE for the supply of power and propulsion systems for six LNG carriers that it will build in its shipyard in Shanghai for major Asian shipping companies…
The offshore market is becoming of increasing importance to Finnish suppliers, partly because of the current downturn in traditional shipbuilding orders. Finnish companies have a wealth of offshore-related niche expertise from ice management to automatic welding for shipyards…
ITT Corporation has signed an agreement to acquire Germany's Bornemann Pumps. Robert J Pagano Jr, president of ITT's industrial process business, said Bornemann's twin-screw technology and multiphase applications experience would align strategically with his business line…
SeaRobotics Corporation has teamed with a private equity group led by Ocean Investments Capital to fund the expansion of the company’s core business, including the production of unmanned surface vessels (USVs), the commercialization of its Robotic Hull Cleaning systems…
