A joint venture between Euronav and International Seaways has been awarded a 10-year contract extension for FSO duo operating on the Al-Shaheen field.
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McDermott has made the second shipment of topside modules for an FPSO unit for MODEC just weeks after the first shipment of modules sailed away.
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An analysis by Norwegian energy intelligence firm Rystad Energy shows that Chinese yards will outcompete Asian rivals on costs in an expected rebound in offshore oil and gas spending from 2021.
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Singapore’s conglomerate Keppel Corporation has decided to review its offshore & marine business amid the sector’s challenging environment.
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The Malin Sentinel, the final newbuild vessel of nine in a £150m investment programme by Sentinel Marine, has arrived in Aberdeen.
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