Owners and Charterers enter into an agreement known as the ‘charter party’, which is the contract specifying many things, including a ‘performance clause’. This is usually found in the additional...

Petrobras announced today they have signed contracts with Sete Brasil, Odebrecht and Etesco to charter and operate nine drillships. These ships will be built in Brazil by Singaporean shipbuilders, Keppel...

ATHENS, GREECE – Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, announced today that it has entered into a...

Maersk Line Limited, and 10 other US-based shipping companies were awarded nearly $5.9 billion in contracts today by the US Department of Transportation for “international and intermodal distribution services.” The...

Norway’s Atlantic Offshore said Wednesday that it has been awarded a four-year service contract with French energy major Total for the use of a new Emergency Response and Rescue Vessel...

HVDC Light transmission link will connect North Sea wind farms to German power grid Zurich, Switzerland, Aug. 2 2011 – ABB, the leading power and automation technology group, has won...

Norwegian seabed-to-surface engineering and construction contractor Subsea 7 SA (SUBC.OS) Friday said it has won a $440 million contract from Chevron Australia Pty Ltd. (CVX) for the Gorgon natural gas...

  SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) said Thursday its unit, SMOE Pte. Ltd., has secured a contract close to S$600 million to construct an offshore production platform that will be installed...

Saipem has been awarded new E&C Offshore contracts in Egypt, in the North Sea and in Russia, worth in excess of $1 billion. In Egypt, Burullus Gas Company awarded Saipem...

Diamond Offshore Drilling Inc. (DO) signed two drilling contracts with Anadarko Petroleum Corp. (APC) that are expected to generate up to $1.8 billion in revenue. The contracts represent 10 years...

Subsea 7 S.A. has won a three year Life-of-Field Contract by BP Exploration & Production Inc., according to a statement released on their website.   The contract will cover the provision...

Technip was awarded a 10-year master agreement by BP Exploration and Production, Inc. The agreement covers the design, procurement and construction of hulls and mooring systems for Spar platforms* to...

Photo: Sturgeon Bay, Wisconsin via Flickr user djipibi Fincantieri has been awarded a contract to build two PSV’s for Tidewater at its Sturgeon Bay shipyard in Wisconsin.  The first is...

HOUSTON — McDermott International, Inc., announced today that certain of its subsidiaries in the Middle East and Caspian region were recently awarded a number of contracts for offshore engineering and...