Australian construction company CIMIC starts court proceedings in the U.S. against Chevron and KBR, seeking as much as $1.42 billion regarding a dispute over the jetty at the Gorgon LNG project in Western Australia.
Source: Offshore
Australia's CIMIC Sues Chevron Over .4B Gorgon LNG Construction Dispute
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KS Drilling’s unit PT Atlantic Oilfield Services secures a $17.4 million drilling contract in Indonesia.
Source: Offshore
KS Drilling's Unit Secures .4M Drilling Contract in Indonesia
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Singapore’s Sembcorp Marine acquires Norwegian naval architectural firm LMG Marin for $20 million.
Source: Offshore
Singapore's Sembcorp Marine Acquires Norway's LMG Marin for M
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Perisai Petroleum Teknologi extends charter for the Perisai Kamelia floating production, storage and offloading (FPSO) facility for 6 months for $31.5-$45 million.
Source: Offshore
Malaysia's Perisai Gets 6 Months Charter Extension for FPSO Perisai Kamelia
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Iraq wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are low, the OPEC nation’s new oil minister says, standing by a demand made by his predecessor.
Source: Offshore
Iraq's New Oil Minister Sticks By Demand to Review Foreign Contracts
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Thailand’s largest oil and gas explorer, PTT Exploration and Production says it will sell its Oman 44 natural gas project to ARA Petroleum in a shift in investments in the Middle Eastern country.
Source: Offshore
Thailand's PTTEP To Sell Oman 44 Project To ARA Petroleum
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Hedge funds executed one of the fastest U-turns on record this month as managers turned from super-bearish to cautiously bullish about the outlook for oil prices.
Source: Offshore
Kemp: Oil Prices Surge As Hedge Funds Reduce Short Positions
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Career experts share how employees can position themselves for advancement despite the industry downturn.
Source: Offshore
Eyes on a Promotion: How to Position Yourself during a Downturn
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Oilfield services company Wood Group holds constructive talks with the UK Unite and RMT unions, following a dispute over changes to pay and allowances for workers in the North Sea.
Source: Offshore
Wood Group Holds Constructive Talks with Unions
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The Maersk Highlander jack-up rig will soon start work on the Culzean gas field in the North Sea for Maersk Oil, BP and JX Nippon, after being named at a ceremony at Invergordon in Scotland.
Source: Offshore
Maersk Highlander Ready for Action
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