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SHI Receives Shell's Termination Notice for $4.7B FLNG Building Contract
Friday, April 29, 2016 Samsung Heavy Industries receives a notice to terminate the $4.64 billion contract from Shell to build three floating liquefied natural gas units.

Singapore's Calm Ocean Building 2 Heavy-Lift Semisubs in China
Tuesday, April 26, 2016 Singapore-based Calm Oceans is building 2 heavy-lift semisubmersibles for the construction and decommissioning of offshore platforms at Blue Island Shipyard in China.

WorleyParsons Bags EPCM Contract for BP-Operated Assets in Caspian Region
Thursday, April 14, 2016 WorleyParsons secures a five year engineering, procurement and construction management contract for BP-operated assets in the Caspian region.

GE Oil & Gas Begins Production of Flexible Risers for Prelude FLNG
Tuesday, April 12, 2016 GE Oil & Gas begins production of flexible risers for the Prelude floating liquefied natural gas facility to be deployed off Western Australia.

Perdana Forfeited $8.4M in Deposit for Cancelling a Shipbuilding Contract
Tuesday, April 12, 2016 Malaysia's Perdana Petroleum forfeited $8.4 million in deposit to Nam Cheong after cancelling a contract to build an accommodation work barge.

Malaysia's TAS Receives Vessel Construction Termination Notice from QMS1
Friday, April 08, 2016 Malaysia's TAS receives a notice from QMS1 Offshore Services to terminate the $11.7 million contract to build an offshore construction vessel.

TRIYARDS' 2Q FY16 Net Profit Up 4% YOY to $5.3M, Clinches $17.8M New Orders
Thursday, April 07, 2016 TRIYARDS posts second quarter net profit of $5.3 million, up 4 percent from a year ago, while clinching new vessel orders worth $17.8 million.

Keppel's Unit BrasFELS Bags $141M FPSO Contract from MODEC
Thursday, April 07, 2016 Keppel's BrasFELS shipyard bags a $141 million module fabrication and integration project from MODEC for FPSO Cidade de Campos dos Goytacazes MV29.

JGC Clinches $240M EPC Contract to Build Gas Processing Plant in Aceh
Friday, April 01, 2016 JGC clinches $240 million engineering, procurement and construction contract from MedcoEnergi to build a gas processing plant in Aceh, Sumatra, Indonesia.

Statoil Extends Drilling Services Contracts, Kicks Off JS Platform Work
Thursday, March 31, 2016 Statoil grants extensions to services contracts previously awarded to Archer, KCA Deutag and Odfjell for drilling services on the NCS and kicks off platform work on the Johan Sverdrup project.

Perdana Petroleum Cancels Order to Build Accommodation Work Barge
Thursday, March 31, 2016 Malaysian offshore marine services provider Perdana Petroleum cancels order with Nam Cheong to build an accommodation work barge.

Asian Yards See Weaker Revenues amid Uncertainty in Brazil
Friday, March 18, 2016 Major Asian yards are bracing for greater turbulence in their earnings as the future of Brazilian construction projects remains unclear.

PetroVietnam Plans to Build Natural Gas Plant in Vietnam
Thursday, March 17, 2016 PetroVietnam is planning to build a natural gas processing plant in Quang Nam Province in south central Vietnam as part of a $3.8 billion project.

Noble Expects Delivery of Noble Lloyd Noble to be Delayed to 3Q16
Tuesday, March 15, 2016 Noble Corp. says jackup Noble Lloyd Noble's delivery will be delayed to third quarter 2016 due to damage sustained in an incident at its construction yard in Singapore.

Official: Japan's Inpex Could Save $6B if Indonesia LNG Plant Sited on Land
Friday, March 11, 2016 Japan's Inpex and Royal Dutch Shell could save as much as $6 billion if Indonesia builds the Masela Abadi LNG plant on land rather than offshore, according to a maritime affairs official.

Daewoo Shipbuilding Says Worst Is Over, Sees Profit This Quarter
Thursday, March 10, 2016 Daewoo Shipbuilding & Marine Engineering Co. says the worst is over for the company and it expects to post an operating profit this quarter after a record loss for 2015.

Ophir Production Cuts First Steel for Ophir Project WHP in Malaysia
Tuesday, March 08, 2016 Ophir Production marks first steel cut for Ophir oil project's wellhead platform in a ceremony at Muhhibah Engineering's yard in Klang, Malaysia.

PETRONAS Names PFLNG SATU in Ceremony at DSME's Okpo Yard in South Korea
Monday, March 07, 2016 PETRONAS names its first floating liquefied natural gas facility PFLNG SATU at Daewoo Shipbuilding & Marine Engineering Co.'s yard in South Korea.

Coastal Contracts Updates on Arbitration Proceedings on Jackup Construction
Monday, March 07, 2016 Coastal Contracts updates on arbitration proceedings on the construction of a jackup by China's Yantai CIMC Raffles and Dynamic Driller.


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