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New mega-projects to boost investments in oilfield service

A fresh wave of offshore project sanctions across Southeast Asia could boost greenfield investments in the oilfield ...

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Popular news, November 4 – 10, 2019

Offshore Energy Today's most popular news from the past week.

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EU approves Saudi Aramco and Hyundai Heavy joint venture

The European Commission has approved the creation of a joint venture between subsidiaries of oil giant Saudi Aramco ...

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Saudi Aramco, ADNOC mega-deals boost contract activity in Q3

The global oil and gas industry has seen a substantial boost from contract activity in the Middle East resulting in ...

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Worldwide offshore rig count in October up 37 rigs Y-o-Y

The worldwide offshore rig count in October 2019 decreased by two units sequentially, but increased by 37 units ...

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POSH Endurance vessel hired for Brunei work

Singapore’s offshore vessel operator Pacc Offshore Services Holdings has found work for its offshore vessel POSH ...

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Carigali Hess charter Velesto jack-up on a 3-year contract

Malaysian offshore drilling company Velesto Drilling has scored a contract with Carigali Hess for the provision of ...

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Cash offer ahead for Singapore's POSH

Quetzal Capital has announced a voluntary conditional cash offer for all of the issued and outstanding ordinary ...

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Popular news, October 28 – November 3, 2019

Offshore Energy Today's most popular news from the past week.

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Offshore investments from last upturn unable to make money

According to Rystad’s evaluation of oil fields sanctioned since 2010, international E&P companies are struggling to ...

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Borr adds $155M to backlog with new contracts

Borr Drilling has been awarded three new contracts and two extensions for its rig fleet, adding about $155 million ...

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Sembcorp Marine to build Shell’s Whale FPU

Sembcorp Marine has won a contract from Shell to build and integrate the topside and hull of a Floating Production ...

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Vietnam: Another short-term extension for Lam Son FPSO

Malaysian FPSO supplier Yinson has secured another short term extension for the Lam Son FPSO in Vietnam.

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Shell buys Total's offshore block for $300M

French oil giant Total has decided to sell its interest in a block located offshore Brunei to Shell for $300 million. 

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Mubadala gearing up to drill three Thai wells

Mubadala Petroleum is preparing to start a three-well drilling campaign on the Manora field located in the G1/48 ...

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Ezion to shed three jack-up rigs for three dollars

Singapore's offshore service rigs provider Ezion Holdings had entered into a conditional sale and purchase ...

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Popular news, October 21 – 27, 2019

Offshore Energy Today's most popular news from the past week.

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Emas Offshore placed under judicial management

The High Court of the Republic of Singapore has granted Emas Offshore’s request to be placed under judicial management.

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Merger on the cards between Keppel O&M and SembMarine?

Speculation is brewing in Singapore that a merger might be on the cards between the country's offshore rig building ...

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Temasek in bid to take control of Keppel

Temasek's plans to offer S$4,1 billion for a controlling stake in Keppel.

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Petronas awards well services deal to Tanjung Offshore

Tanjung Offshore Services has won a contract with Petronas Carigali for integrated well services. 

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Transocean delays Jurong drillship delivery again

Offshore drilling contractor Transocean has delayed the delivery of one of the two ultra-deepwater drillships it ...

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Jadestone hands in development plan for project off Vietnam

Jadestone Energy has submitted the field development plan for its Nam Du and U Minh gas fields, offshore ...

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Popular news, October 14 – 20, 2019

Offshore Energy Today's most popular news from the past week.

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South Korea's POSCO hires Maersk drillship for Myanmar ops

Danish offshore drilling company Maersk Drilling has secured a three-well drillship contract offshore Myanmar with ...

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Keppel: Majority of orders in 2019 from gas and renewables

The company has so far this year secured one offshore drilling rig order

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SBM Offshore secures $1.14 billion loan for Liza Unity FPSO

Dutch FPSO provider SBM Offshore has secured project financing for the FPSO Liza Unity for a total of $1.14 billion.

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