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Deep-Sea Plan Fails, Leaving Korean Shipyards Struggling
Monday, July 27, 2015 The deep-ocean strategy is coming back to bite South Korean shipyards.

Vissim Secures Marine Radar System Contract for Johan Sverdrup Facility
Friday, July 24, 2015 Vissim secures a contract to supply, install and commission a marine radar system for the Statoil operated Johan Sverdrup facility.

Aggreko Issues Profit Warning Due to Oil, Gas Slowdown
Friday, July 24, 2015 UK temporary power firm Aggreko sees lower profit for this year due to a slowdown in the oil and gas market.

Baker Hughes: U.S. Oil Drillers Add Rigs Despite Crude Price Collapse
Friday, July 24, 2015 U.S. oil producers add 21 oil rigs in the past week, the most in over a year, suggesting that drillers were moving more aggressively than expected, just before crude prices' latest dive down.

Keppel Inks $684M Floating Liquefaction Facility Conversion Deal with Golar
Wednesday, July 22, 2015 Keppel Shipyard inks a $684 million floating liquefaction facility conversion contract with Golar LNG's unit.

Asia Yards Look to Liftboat Orders for Lifeline Through Drilling Downturn
Monday, July 20, 2015 Asia shipyards are filling the void in drilling orders by turning to the construction of liftboats.

SINOPACIFIC Bags Contract to Build 9 AHTS Vessels for ADNOC
Monday, July 20, 2015 China's SINOPACIFIC bags contract to build nine anchor handling tug supply vessels for delivery to ADNOC in 2017.

Vallianz Inks $458M Contracts to Extend OSV Charters for ME Customer
Monday, July 20, 2015 Singapore's Vallianz inks contracts, worth $458 million, to extend charters for 19 offshore support vessels with an existing customer in the Middle East.

Baker Hughes: U.S. Oil Drillers Cut Rigs As Crude Prices Collapse
Friday, July 17, 2015 U.S. energy firms cut seven oil rigs this week after adding rigs for the last two weeks as U.S. crude prices fell nearly 15 percent this month in the biggest slump since December.

Roxi Tackles Stuck Pipe Issue with Side Track
Wednesday, July 15, 2015 Roxi Petroleum says issues with pipes supplied to it for the drilling of Deep Well A5 provide it with an opportunity to deal with a stuck pipe at the bottom of the well.

Malaysia's Icon Offshore Secures $14M Charters for 2 AHTS Vessels
Wednesday, July 15, 2015 Malaysia's Icon Offshore secures $14.47 million contracts to provide two anchor handling tug supply vessels to an oil major.

Keppel FELS Secures $85M Contract to Build Liftboat for Crystal Heights
Tuesday, July 14, 2015 Keppel FELS secures $85 million contract from Crystal Heights to build a high specification liftboat.

Vallianz Clinches $300M Charter for Supply of 2 Self-Elevating Platforms
Monday, July 13, 2015 Vallianz Holdings clinches a $300 million charter from a Middle Eastern national oil company to supply two self-elevating platforms.

Sub-Atlantic Secures Second ROV Deal with AALEA
Thursday, July 09, 2015 Sub-Atlantic wins a second ROV contract with Italian subsea services provider AALEA.

TRIYARDS to Build 2 Liftboats for $175M
Wednesday, July 08, 2015 TRIYARDS gains $175 million new orders for two enhanced BH450 series liftboats.

MacGregor Bags LBC Crane Contracts from Merkers Offshore
Wednesday, July 08, 2015 MacGregor bags contracts to supply Merkers Offshore with four lattice boom cranes for two maintenance liftboats being constructed at Jiangsu Dajin Heavy Industries yard in China.

EMAS Bags $24M Charters for OSVs, Post $5.2M Net Profit for 3Q FY2015
Tuesday, July 07, 2015 EMAS Offshore bags $24 million charters for three offshore support vessels to work in the Gulf of Thailand and West Africa and reported a net profit of $5.2 million net for third quarter 2015 ending May 31.

Drydocks Completes the World's Largest Turret for Shell's Prelude FLNG
Tuesday, July 07, 2015 Drydocks World completes the world's largest turret system for Shell's Prelude floating liquefied natural gas facility.

FPSO Cidade de Itaguai Arrives at Iracema Norte Area in Santos Basin
Monday, July 06, 2015 FPSO Cidade de Itaguai arrives in Iracema Norte area in Santos Basin, offshore Brazil to prepare for oil production in the third quarter of this year.

Cosco Agrees to Defer Delivery of a Semisub Floatel to Axis Offshore
Friday, July 03, 2015 China's Cosco Qidong agrees to defer delivery of a semisubmersible floatel to Axis Offshore to 2016, a year later than planned.

UK's Centrica Extends North Morecambe Gas Field Outage by 6 Hours
Friday, July 03, 2015 Centrica extends the duration of an unplanned outage at its North Morecambe gas field, offshore UK, by six hours.

Rig Trends: Eastern Canada Rig Market Changing
Thursday, July 02, 2015 With operations moving into deeper waters and more harsh environments, the list of suitable rigs for Eastern Canada is shrinking.

Baker Hughes: US Oil Rig Count Rises For First Time Since December
Thursday, July 02, 2015 US oil drilling this week increases for the first time after 29 weeks of declines, data show.

San Leon Signs Morocco Onshore Rig Contract
Thursday, July 02, 2015 San Leon Energy signs a rig contract for the drilling of the El Aaiun-4 well on the Tarfaya license, onshore Morocco.

COSL Takes Delivery of Newbuild AHTS from Cosco Guangdong
Monday, June 29, 2015 Cosco Guangdong delivers a newbuild anchor handling tug supply vessel to COSL.

Baker Hughes: US Weekly Oil Rig Count Decline Slows
Friday, June 26, 2015 Energy firms report the smallest drop in 5 weeks, a sign the collapse in drilling is coming to an end as crude prices recover after falling 60% from last June to March.

In Bet On Oil Prices, WPX Plans To Add Bakken Rigs
Thursday, June 25, 2015 WPX Energy, a small oil producer in the No. 2 US crude state, says it will add two rigs this year.

CIMC Raffles Completes Mating Ops for Frigstad's UDW Semisub at Yantai
Thursday, June 25, 2015 CIMC Raffles completes mating operations for an ultra deepwater semisubmersible ordered by Frigstad at its yard in Yantai, China.

Lukoil Launches New Oil Refining Installation
Thursday, June 25, 2015 Lukoil puts its new ELOU AVT-1 oil refining installation into operation in Volgograd, Russia.

North Dakota's Oil Rig Count Appears To Have Hit Bottom
Tuesday, June 23, 2015 The drilling rig count in North Dakota's oil patch, a closely watched metric through which many attempt to divine future crude production, appears to have hit a bottom.

Azeri Shah Deniz Gas Project Awards Subsea Contracts
Monday, June 22, 2015 Norway's FMC Kongsberg Subsea AS and Britain's OneSubsea (UK) Ltd have won contracts for subsea infrastructure, totalling $363 million, for Azerbaijan's Shah Deniz gas field.

Baker Hughes: US Oil Rigs Decline, But Up In Permian, Bakken
Friday, June 19, 2015 US oil drillers this week added one rig each in the Permian and Bakken shale basins, data shows.

Scana to Supply Offloading System to Jurong Shipyard for Libra FPSO
Friday, June 19, 2015 Norway's Scana Offshore wins contract to supply offloading system to Jurong Shipyard for the Libra floating production, storage and offloading facility.

Cubility Wins Multimillion Dollar Deal to Supply 'MudCube' to Statoil
Friday, June 12, 2015 Drilling efficiency firm Cubility signs a multimillion dollar deal to supply its MudCube solution to Statoil's Johan Sverdrup field.

Baker Hughes: US Oil Drillers Pull 7 Rigs, Biggest Drop Since Late May
Friday, June 12, 2015 A slowdown in US oil drilling trudged along in its seventh month as more rigs were pulled than in the previous week.

Otto Marine's Subsidiary Wins $27M Deal to Supply Work Maintenace Vessel
Thursday, June 11, 2015 Otto Marine's subsidiary wins a $27 million contract to provide a work maintenance vessel to a Southeast Asian offshore vessels operator.

Module Installation for Asgard Subsea Gas Compression Begins
Tuesday, June 09, 2015 Statoil begins the installation of modules for its Asgard field's subsea gas compression system.

Paragon Enters into $300M Sale-Leaseback Deal with SinoEnergy for 2 Jackups
Monday, June 08, 2015 Paragon Offshore enters into $300 million sale-leaseback facility with SinoEnergy for jackups Prospector 1 and Prospector 5.


 
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