Shell-operated Malikai deepwater project supports the company’s aims of staying at the forefront of the global deepwater industry.
Source: Offshore
Shell Sees Malikai Project in Malaysia as Boosting Deepwater Ambitions
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Carigali Hess Operating Company (CHOC) files arbitration proceedings against Favelle Favco Crane over a crane accident in 2012 at a CHOC platform located off Malaysia.
Source: Offshore
Carigali Hess Operating Co. Seeks .3M in Damages Over 2012 Crane Accident
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Pacific Radiance’s unit Pacific Crest issues notices of arbitration against two Chinese shipyards over their failure to deliver a platform supply vessel each as specified under their contracts.
Source: Offshore
Pacific Crest Seeks Arbitration After Chinese Yards Failed to Deliver PSVs
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French oil and gas company Total plans to buy Belgian green energy provider Lampiris, said Belgian daily De Standaard, citing unnamed sources.
Source: Offshore
Total To Buy Belgian Green Energy Provider Lampiris
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Oil supply and demand will balance in the second half of 2016 after a series of unplanned production outages, but the market is expected to tilt into surplus in the first half of next year.
Source: Offshore
IEA Sees Global Oil Market Returning To Surplus In Early 2017
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Brazil’s Petroleo Brasileiro SA plans to propose a deal with unions to reduce salaries and working hours at the state-run oil company to help cut a massive debt.
Source: Offshore
Brazil's Petrobras CEO Seeks To Cut Salaries
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Australia’s Bounty Oil & Gas closes agreement with Bridgeport to acquire additional stakes in Petroleum Lease 2 in the southern Surat Basin, Queensland and exits PL 214 Utopia Joint Venture.
Source: Offshore
Australia's Bounty Closes Deal with Bridgeport for Surat Basin Assets
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Japan’s Nippon Yusen Kabushiki Kaisha (NYK) acquires a 25 percent stake in newly formed EMAS Chiyoda Subsea from existing shareholders EMAS AMC and Chiyoda.
Source: Offshore
Japan's NYK Acquires 25% Stake in EMAS Chiyoda Subsea
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Malaysia’s Perisai Petroleum defers delivery of newbuild jackup Perisai Pacific 102 to end October.
Source: Offshore
Perisai Petroleum Defers Delivery of Perisai Pacific 102 to End October
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Petrofac secures a three year contract from Bumi Armada for the Olombendo floating production, storage and offloading unit, currently under conversion in Singapore.
Source: Offshore
Petrofac Secures Contract from Bumi Armada for Olombendo FPSO
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