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Wärtsilä and Emerson Announce Expansion

May 8, 2008

Wärtsilä and Emerson Process Management at the Offshore Technology Conference in Houston announced yesterday an expansion of their global offshore alliance. Under this expansion, they can now deliver integrated energy and automation systems…

American Electric Technologies Powers Growing Indian Energy Market

April 21, 2008

American Electric Technologies, Inc., announced two projects with Aban Offshore Limited of . Aban Offshore is 's largest offshore private drilling contractor and their twenty offshore drilling and production units places Aban among the top ten offshore drilling asset owners in the world.

Aker Floating Production Wins $1b Contract

January 11, 2008

Aker Floating Production ASA said it had won a 10-year contract from Reliance Industries Limited worth $1.1b. Aker said Reliance Industries Limited had exercised an option to call a 10-year bare boat contract with Aker's subsidiary Aker Contracting for the FPSO (floating production…

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Hercules Offshore Announces Rig Contracts

December 11, 2007

Hercules Offshore, Inc. said that Oil and Natural Gas Corporation Limited (ONGC) has awarded three-year contracts for the Hercules 258 and Hercules 260 jackup rigs for drilling operations offshore India. The contract for the Hercules 258 is…

Total to Begin Offshore Exploration in Bay of Bengal

October 22, 2007

According to a recent Reuters report, European energy major Total SA (TOTF.PA) will begin exploring for hydrocarbons in the Bay of Bengal in November, a senior energy official recently stated. In March this year, Total acquired the major stakes…

Teekay Offshore Raises Distribution; Completes FSO Acquisition

October 3, 2007

Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE: TOO) announced that its general partner has increased its quarterly cash distribution by $0.035 per unit, from $0.35 per unit to $0.385 per unit ($1.54 annualized) as…

Aker Kvaerner Gets Contract for Platform in Egypt

August 10, 2007

Aker Kvaerner has been awarded a contract for operation, management and maintenance of the Al Zaafarana FPSO offshore Egypt by operator Gemsa Petroleum Company and partners. Options for contract extensions are included in the contract. The Al…

Aker Kvaerner Wins FPSO Contract in Egypt

August 10, 2007

Aker Kvaerner won a contract for operation, management and maintenance of the Al Zaafarana FPSO offshore Egypt by operator Gemsa Petroleum Company and partners. The contract value is $32.5 m for a five year contract period effective from September 1, 2007.

Hyundai Wins Order for O&G Platform

July 23, 2007

Hyundai Heavy Industries Co., Ltd. (HHI) signed a contract with Elf Petroleum Nigeria Ltd. (EPNL), a Nigerian subsidiary of French oil company Total S.A., to build an oil and gas production platform worth US $520 m. The platform will be completed by 2010 and will be able to produce 105…

Aker Kvaerner to Deliver Process Tech

June 20, 2007

Aker Kvaerner has signed a contract for delivery of equipment and modifications to Aker Floating Production's SMART 1 Floating Production Storage Offloading (FPSO) vessel. This new contract is an amendment to a contract awarded in November 2006 for both SMART 1 and 2 vessels.

Aker Kvaerner Wins Subsea Contract

May 10, 2007

Aker Kvaerner signed a letter of intent with Aker Floating Production in January 2007 and has now signed the final contract to deliver a complete subsea production system to Reliance Industries in India. The value of Aker Kvaerner's contract is in excess of $300m.

ABB wins $110m in Contracts

April 2, 2007

ABB has signed contracts worth more than $110 million to supply Azipod propulsion, power-generation and power-distribution systems for 19 new vessels being built in Europe and Asia. The new projects include: • electrical propulsion systems for nine platform supply vessels…

NNPC, Daewoo in Joint Venture

December 27, 2006

After over five decades of its involvement in crude oil and gas exploration without involving in crude oil transportation, the Nigerian National Petroleum Corporation (NNPC), has signed a joint venture agreement with Daewoo Ship-building and Marine Engineering (DSME) of South Korea…

Keppel Singmarine Secures Contract for FSO Vessel

December 18, 2006

Keppel Singmarine Pte Ltd (Keppel Singmarine) has clinched a $87.2m contract to build a Floating Storage Offloading system (FSO) unit for LUKOIL –NIZHNEVOLZHSKNEFT (LUKOIL-NVN), a subsidiary of the Russian oil company, LUKOIL Oil Company. The 28…

MarAd Announces Vessel Sale and Tranfer

September 11, 2006

The Maritime Administration (MARAD) has given approval to C.S. Global Sentinel, L.P., of Baltimore, MD, to transfer the industrial vessel Global Sentinel, Official No. 973792 to Marshall Island registry and flag, without change in the ownership of said vessel.

Aker Kværner Expands FPSO Operations

July 7, 2006

Aker Kvaerner and the Norwegian ship owner Aktieselskabet Borgestad ASA established a new company named Aker Borgestad Operations AS. The new company will operate oil and gas production vessels on behalf of Aker Floating Production, a company…

Aker Kværner Forms FPSO Operations Entity

July 6, 2006

Aker Kvaerner and the Norwegian ship owner Aktieselskabet Borgestad ASA established a new company named Aker Borgestad Operations AS, combining expertise within oil field processing and marine operations. The new company will operate oil and…

Keppel Secures Contracts for Icebreakers

July 6, 2006

An artist impression of the icebreaker and the ice breaking supply ship, which Keppel Singmarine is building for LUKOIL. The vessels are due for delivery between end 2007 & mid 2008. Keppel Singmarine has clinched contracts worth a total of…

Keppel Secures Rig Order

June 15, 2006

Inking the contract for the fourth KFELS B Class jackup from India are Mr Bharat K Sheth, Deputy Chairman/MD, Great Eastern Shipping and Mr Tong Chong Heong, MD/COO, Keppel O&M Keppel FELS Ltd (Keppel FELS) has secured its fourth order from India for a KFELS B Class jackup rig.

Tax Doubles for North Sea Energy Companies

December 7, 2005

The British government, struggling to erase its deficit, is doubling the surtax for North Sea oil and gas companies, a move that surprised an industry expecting an increase half that size, according to a Globe and Mail report. The proposed increase…

Massive Oil Spill Clean Up Underway

September 16, 2005

Despite initial contentions that there were only two major oil spills in the wake of Katrina, details released by the U.S. Coast Guard indicate that the problem is much larger. According to the USCG, oil pollution containment and recovery operations…

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