OPEC meets to talk further oil output cut extension

OPEC and several non-OPEC members are meeting on Thursday in Vienna to discuss further strategy on oil production. ...

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Vallianz set to resolve debt woes

Singapore-based offshore vessel owner Vallianz has reached agreements with Swiber and Rawabi to restructure its ...

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Octanex awaits rig arrival to drill Ophir wells

Octanex, an Australian-based oil and gas company, is getting ready for a drilling campaign at the Ophir field ...

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VIDEO: Catcher FPSO nears completion

Premier Oil has launched a video about the floating production storage and offloading (FPSO) unit for its operated ...

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KBR in Malaysian joint venture

U.S.-based KBR has signed a joint venture agreement with engineering solutions provider BIV Builders for a ...

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Observations on the recent MODU market

  By Charlie Hockless, Senior Offshore Analyst at VesselsValue Since 2014 we’ve seen a significant decline in ...

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OPEC set to prolong oil cuts

By Alex Lawler and Rania El Gamal VIENNA (Reuters) – OPEC will likely agree to extend production cuts for ...

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Vallianz clinches work for four vessels

Vallianz Holdings, an offshore support vessels provider, has secured long-term charter contracts for four vessels ...

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Yinson sets up joint venture with PetroVietnam

Yinson Clover Ltd (YCL), a subsidiary of Malaysia’s Yinson Holdings, has entered into a consortium agreement with ...

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Impairments drag Vallianz into red

Singapore’s Vallianz Holdings, a provider of offshore support vessels and  integrated marine solutions, ...

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Pacific Radiance in JV with Allianz Offshore

Singapore’s vessel operator Pacific Radiance has entered into a joint venture agreement with Allianz ...

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Myint to invest in Myanmar offshore supply base

Myint & Associates Offshore Supply Base, a subsidiary of Myint & Associates Co., has received approval from ...

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Popular news, May 14 – 21, 2017

The most popular articles of the week

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Wild Well expands with subsea equipment buy

Wild Well Control, a well control and engineering services company, has purchased subsea capping equipment from ...

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Keppel names semi-sub ahead of delivery to Caspian driller

Keppel Offshore & Marine through its subsidiary in Azerbaijan, Caspian Shipyard Company (CSC), is on track to ...

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Deep Sea Supply finds work for PSV duo

Offshore supply vessel operator Deep Sea Supply has been awarded time charter contracts for two platform supply ...

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Ophir sanctions fourth phase of Bualuang development

Oil and gas company Ophir Energy has sanctioned the fourth phase of the Bualuang field development in the Gulf of ...

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Wintermar, lenders in debt deal

Indonesia’s offshore vessel owner PT Wintermar Offshore Marine has agreed with lenders to delay debt payment, ...

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Fire breaks out at Samsung Heavy's shipyard

A fire reportedly broke out on Wednesday at Samsung Heavy’s shipyard in Geoje, South Korea. According to a ...

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Partners ink new offtake deal for Manora crude

Joint venture partners in the Manora oil field offshore Thailand have signed a new offtake agreement in relation to ...

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EnerMech scores first Malaysian contract

Engineering services specialist EnerMech has won its first contract for the provision of crane personnel in ...

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Compensation claims rise in POSH, Makamin spat

Compensation claims rise in POSH, Makamin spat

Singapore’s offshore vessel owner POSH has yet to resolve its dispute with Makamin Offshore in Saudi Arabia. ...

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Safety body completes Martin Linge probe report

Following an order to Total to fix faults and deficiencies on the Martin Linge platform being constructed in South ...

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Saudi Arabia, Russia agree oil output cuts until March 2018

By Chen Aizhu BEIJING (Reuters) – Saudi Arabia and Russia, the world’s two top oil producers, agreed on ...

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Petronas hires UMW's jack-up duo

Malaysia’s UMW Oil & Gas has won contracts for two jack-up drilling rigs from Petronas Carigali with a ...

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Bassoe: What will offshore rig recovery look like?

The word “recovery” dominates most discussions about the offshore oil and gas industry these days – and ...

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Popular news, May 8 – 14, 2017

The most popular articles of the week May 8 – 14, 2017.

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