Stories

Ship Sale Pays Off Mortgage, Compensates Charter Termination

February 7, 2013

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

January 21, 2013

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

January 17, 2013

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…

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FPSO Mooring Inspection Contract for Welaptega

January 17, 2013

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

January 1, 2013

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

December 27, 2012

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

December 19, 2012

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'

November 16, 2012

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

October 1, 2012

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

September 18, 2012

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

September 4, 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

August 22, 2012

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

August 7, 2012

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)…

Technip Gets North Sea Contract

July 30, 2012

Ithaca Energy (UK) awards Technip an EPIC subsea Greater Stella Area (at depth of 90 meters) development contract The Greater Stella Area (GSA) development is located in the North Sea, 280 kilometers East-Southeast of Aberdeen, Scotland at a water depth of approximately 90 meters.

Watermakers for Newbuild Drillships Ordered from Hatenboer-Water BV

July 15, 2012

Hatenboer-Water BV secures Daewoo Shipbuilding & Marine Engineering (DSME) contract  for supply of Demitec® watermakers to four new drillships Demitec® is the trade name of Hatenboer-Water RO type watermakers. These are heavy duty installations…

Ultra-deepwater Contract for Noble Drillship

July 13, 2012

Noble Corporation gets Anadarko Petroleum Corporation contract for ultra-deepwater drillship 'Noble Bob Douglas' on delivery in 2013 Noble Corporation has entered into a three-year term drilling contract with Anadarko Petroleum Corporation for the Noble Bob Douglas…

Hess & PETRONAS to Develop Offshore Malaysia

June 22, 2012

Hess and PETRONAS sign partnership agreements to develop North Malay Basin Hess Corporation announces that it has signed agreements with PETRONAS to develop the North Malay Basin, located offshore peninsular Malaysia. “The North Malay Basin…

Malaysian Offshore Operator's Newbuilding Program

June 21, 2012

Malaysia-based offshore oil field services provider, Bumi Armada Berhad (“Bumi Armada”), announce  its newbuild programme, ’Steel on Water 2’ Bumi Armada Berhad has issued a Letter of Intent (“LOI”) for four Multi-Purpose Platform Support Vessels (“MPSV”)…

GMC & Horton Wison Deepwater Confirm Joint Venture

May 2, 2012

GMC and Horton Wison Deepwater today confirmed their Joint Venture established to design and supply innovative Buoyant Towers for shallow water fields. Kevin Chell CEO of the joint venture stated “The Buoyant Tower concept draws on the proven…

ABS Elects New Council

April 27, 2012

At the 150th Annual Meeting of the Members of ABS, three industry leaders were elected to the ABS Council. Following the Annual Meeting, the ABS Council met and elected industry leaders to both its Marine and Offshore Technical Committees. Individuals…

Technip Awarded Supply Contract for Australian Gas Field

April 11, 2012

Inpex Corporation awarded Technip a flexible pipe supply lump sum contract for the Ichthys gas field in Australia. Inpex has novated this contract to McDermott as part of the overall subsea umbilical, riser, flow line EPCI contract. The Ichthys…

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