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Baker Hughes: US Oil Drillers Cut Rigs For 6th Week On Weak Crude Prices
Friday, October 09, 2015 US energy firms cut oil rigs for a sixth week in a row this week, the longest streak of weekly declines since June, data showed, a sign low prices continued to keep drillers away from the well pad.

Wood Group Wins Bechtel Contract to Supply Tengiz Project in Kazakhstan
Wednesday, October 07, 2015 Oilfield services firm Wood Group wins a multi-million dollar contract by Bechtel to supply equipment to Tengizchevroil's Crude Storage Capacity Project at the Tengiz Field in Kazakhstan.

MOL, Gas Sayago to Continue with Development of the Uruguay FSRU Project
Tuesday, October 06, 2015 Japan's Mitsui O.S.K. Lines to continue proceeding with the floating storage and regasification unit project led by Uruguay's Gas Sayago.

Perisai, PPL to Defer Delivery of Jackup Perisai Pacific 102 to March 2016
Tuesday, October 06, 2015 Malaysia's Perisai Petroleum Teknologi reaches agreement with Singapore's PPL Shipyard to defer delivery of newbuild jackup Perisai Pacific 102 to March 2016.

RGU Graduates Set up Subsea Technology Business
Monday, October 05, 2015 Two graduates of Robert Gordon University in Aberdeen have set up Impact Subsea which aims to create a new generation of subsea products.

Perisai Farms-Out Contract for Perisai Pacific 101 Jackup to Hess
Monday, October 05, 2015 Perisai Offshore reaches agreement with PETRONAS Carigali and Hess to farm-out the contract for the Perisai Pacific 101 jackup to the latter for $26.9 million.

Baker Hughes: US Oil Drillers Cut Rigs For 5th Week
Friday, October 02, 2015 US energy firms cut 26 oil rigs in the latest week, the biggest reduction since April and the fifth straight weekly decline, data shows.

Aker Bags Subsea Contract from Murphy for Rotan Gas Project Off Malaysia
Thursday, October 01, 2015 Aker Solutions bags contract to supply a subsea production system to Murphy Oil for the Rotan deepwater gas project offshore East Malaysia.

Oceaneering Clinches Contract to Provide Subsea Support Vessel in India
Wednesday, September 30, 2015 Oceaneering clinches a subsea field support vessel services contract from an oil and gas company in India.

Yinson Seals Tanker Deal With Premuda, Vessel Meant for Future FPSO Project
Wednesday, September 30, 2015 Malaysia's Yinson Holdings formalizes deal with Italy's Premuda to acquire a tanker which will be used for bidding in a future floating production, storage and offloading project.

Samsung Heavy Industries Orders a FSRU Unit from GTT for Delivery in 2017
Tuesday, September 29, 2015 Samsung Heavy Industries orders a floating storage and regasification unit from GTT for delivery in 2017.

Cosco Guangdong Delivers Newbuild AHTS 'Hai Yang Shi you 642' to COSL
Monday, September 28, 2015 Cosco Guangdong delivers an anchor handling tug supply vessel "Hai Yang Shi You 642" to China Oilfield Services Limited.

Topaz Orders 2 Subsea Vessels from Vard for Over $100M, Delivery in 2017
Monday, September 28, 2015 Topaz Energy and Marine orders two subsea vessels from Singapore-listed Vard Holdings for over $100 million, with delivery targeted for 2017.

Velociraptor Rig Combines Speed, Capability of Coil Rigs and Jointed Pipe
Friday, September 25, 2015 Raptor Rig sees opportunities beyond the current downturn for its new land drilling rig technology.

Baker Hughes: US Oil Drillers Cut Rigs For 4th Week On Weak Crude
Friday, September 25, 2015 US energy firms cut oil rigs for a fourth week in a row this week, data shows, a sign the continued weak prices were causing energy firms to reduce drilling plans.

VARD to Supply PSV to DOF, Vessel to Work for Chevron in Australia
Wednesday, September 23, 2015 Vard Holdings secures a bareboat charter to supply DOF with a platform supply vessel to work for Chevron in Australia.

Amec Foster Wheeler Secures $55M EPC Contract with BP
Monday, September 21, 2015 Amec Foster Wheeler secures an Engineering, Procurement and Construction (EPC) contract with BP, worth $55 million, for the provision of additional living quarters for the Eastern Trough Area Project (ETAP).

Swire Pacific Offshore Takes Delivery of Newbuild PSV Pacific Grackle
Friday, September 18, 2015 Swire Pacific Offshore takes delivery of newbuild Pacific Grackle platform supply vessel from Japan Marine United Corporation in Japan.

Japan's MES Develops Next Generation Hull Platform for FPSO
Friday, September 18, 2015 Japan's Mitsui Engineering & Shipbuilding Co has developed the next generation hull platform for floating production, storage and offloading facility for the offshore oil industry.

COSL Takes Delivery of Newbuild 'Hai Yang Shi You 661' PSV from Cosco
Thursday, September 17, 2015 Cosco Dalian delivers the newbuild "Hai Yang Shi You 661" platform supply vessel to China Oilfield Services Ltd.

Rotork Feels Pinch from Weak Oil and Gas, Warns on Results
Thursday, September 17, 2015 UK valve control specialist Rotork forecasts full-year revenue below expectations due to project deferrals and cancellations.

World's First Subsea Gas Compression Plant Now Online
Thursday, September 17, 2015 Statoil reports that the world's first subsea gas compression plant is now online at the Asgard field in the Norwegian Sea, meaning the firm is a step closer to achieving its "subsea factory" goal.

ROV Inspection Firm Wins New Business
Wednesday, September 16, 2015 Remotely-operated vehicle firm ROVOP wins $3.9 million of new contracts with oil, gas and offshore wind customers in one month.

Technics O&G Bags $50.4M Contract to Build Liftboat for Malaysia-based Firm
Wednesday, September 16, 2015 Technics Oil and Gas bags a $50.4 million contract to build a liftboat for a Malaysia-based company.

Seadrill Cancels HHI's West Mira Construction Contract Over Delivery Delay
Wednesday, September 16, 2015 Seadrill terminates construction contract with Hyundai Heavy Industries for the West Mira semisub, citing delivery delay for the decision.

JBIC Inks $252M Loan Deal to Support Petrobras FPSO Project
Tuesday, September 15, 2015 The Japan Bank for International Cooperation inks a $252 million loan deal with Tartaruga MV29 B.V. to support the project to provide a floating production storage and offloading vessel to Petrobras for two offshore oil fields in Brazil.

Cosco Nantong Delivers Semisub Accommodation Vessel to Atlantis Offshore
Tuesday, September 15, 2015 Cosco Nantong delivers a newbuild semisubmersible accommodation vessel to Atlantis Offshore.

Keppel to Deliver 3 Ice-Class Vessels to Bumi Armada for Filanovsky Field
Monday, September 14, 2015 Keppel Singmarine is on track to deliver three ice-class vessels to Bumi Armada to work at the Filanovsky oil field later this month after a naming ceremony at its Singapore yard.

Baker Hughes: US Oil Drillers Cut Rigs With Crude Price Decline
Friday, September 11, 2015 US energy firms cut oil rigs for a second week in a row, data shows, a sign the latest price declines may be causing some drillers to put on hold their recently announced plans to return to the well pad.

Archer Seeking to Change Industry Mind on Modular Platform Rigs
Thursday, September 10, 2015 The number of North Sea wells set for abandonment could present an opportunity for modular rigs for drilling platforms, an Archer official tells Rigzone.

Honeywell Wins Controls Systems Contract for Edvard Grieg Field
Tuesday, September 08, 2015 Honeywell Process Solutions wins a multi-year deal to provide support to Lundin's control system for the Edvard Grieg field in the Norwegian North Sea.

Baker Hughes: US Oil Drillers Cut Rigs As Crude Prices Collapse
Friday, September 04, 2015 US energy firms cut 13 oil rigs for the first time in seven weeks, as a renewed slump in prices this summer forced drillers to make a second round of cut-backs.

Arbitration Tribunal Closes Case on Cosco-Deepwater Dalian Drillship Spat
Friday, September 04, 2015 Cosco Dalian reports that an arbitration tribunal in London has indicated that the firm has no further liabilities to Dalian Deepwater Developer over the construction contract for a drillship.

Otto Marine Enters into $25.2M Contracts to Supply 2 AHTS Vessels
Thursday, September 03, 2015 Singapore-based Otto Marine's subsidiary Go Offshore enters into contracts to provide two anchor handling tugs supply vessels to a large oil and gas company for $25.2 million.

PGS Cold-Stacks another Vessel to Reduce Costs
Wednesday, September 02, 2015 PGS will cold-stack the Ramform Viking vessel, after it completes a multiclient project offshore East Newfoundland in October 2015, In order to reduce cost and capital expenditure.

Keppel FELS Delivers Jackup UMW Naga 8 to Malaysia's UMW Oil & Gas
Wednesday, September 02, 2015 Keppel FELS delivers newbuild jackup UMW Naga 8 to Malaysia's UMW Oil & Gas.

Baker Hughes: US Oil Drillers Add Rigs For The Sixth Week In A Row
Friday, August 28, 2015 US energy firms added one oil rig this week, the sixth consecutive week of increases even as US oil prices flirt with 6-1/2-year lows.

CIMC Raffles to Deliver AGOSTO-12 to Coastal Contracts Ahead of Pemex Job
Wednesday, August 26, 2015 CIMC Raffles will deliver AGOSTO-12 jackup gas compression service unit to Malaysia's Coastal Contracts Friday ahead of a long-term charter with Pemex at the Cantarell oil field in the Gulf of Mexico.

DSME Delivers Songa Endurance Semisub
Monday, August 24, 2015 Daewoo Shipbuilding & Marine Engineering delivers Songa Endurance semisub to Songa Offshore, with the newbuild to head for Norway's Troll field soon to commence a contract with Statoil.

Prosafe SE: Robust Short-Term Outlook, Optimistic About Long-Term
Friday, August 21, 2015 Prosafe SE offers a "robust" short-term outlook and is optimistic about long-term market conditions.

Otto Marine's Newbuild Work Maintenance Vessel Prepares for SEA Charter
Friday, August 21, 2015 Otto Marine accepts delivery of a work maintenance vessel that was built in China, with the newbuild to commence a charter in Southeast Asia soon.

Pressure Mounts to Retire Older Fleet as Rig Oversupply Persists
Friday, August 21, 2015 More old rigs may head for the scrapyard as oversupply persists, thanks to relatively weak drilling demand and addition of newbuilds to the global fleet.

Cosco Guangdong Delivers Newbuild PSV 'Vos Paradise' to European Buyer
Tuesday, August 18, 2015 Cosco Guangdong delivers a newbuild platform supply vessel to a European buyer.


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