Amidst a crazy windstorm this week that briefly grounded a Maersk containership and delayed flights all along the coast of the North Sea, I had the opportunity to visit Royal IHC shipyard and HSM Offshore, two industrial yards located in The Netherlands which are operating on the front lines of the offshore oil and gas industry. Royal IHC, previously known as IHC Merwede, is … [Read more...]
SapuraKencana Makes Big Discovery Offshore Malaysia
SapuraKencana Petroleum Bhd announced today a major gas discovery offshore Malaysia within the SK408 Production Sharing Contract area. The discovery consisted of a 600 meter gross gas column in the primary target reservoir within the Late Miocene Carbonates. This was the fifth and final well within the company's 2014 drilling campaign in this area and adds to four other … [Read more...]
Seadrill Plans up to $305M Selldown in Malaysia’s SapuraKencana
HONG KONG, April 9 (Reuters) – SapuraKencana Petroleum Bhd's second largest shareholder plans to sell up to $305 million worth of shares in the Malaysian oil and gas services firm, according to a term sheet of the deal seen by Reuters. Norway's Seadrill Ltd., the world's top offshore oil driller, is offering up to 230 million shares of SapuraKencana at 4.3 ringgit each, … [Read more...]
IHC Merwede Wins €1 Billion in Newbuild Orders for Subsea Pipelay Vessels
IHC Merwede announced today over €1 billion in new orders have just been received for the design, engineering and construction of six, 550-ton pipelay vessels. The orders consist of three vessels each for Subsea 7 and Seabras Sapura, the partnership between SapuraKencana and Seadrill. On board the vessels ordered by Seabras Sapura, IHC Merwede will be supplying a … [Read more...]
Southeast Asia’s Oilfield Service Minnows Come Of Age
By Rujun Shen and Yantoultra Ngui SINGAPORE/KUALA LUMPUR, July 22 (Reuters) - From hauling rigs to delivering toilet paper, firms from Southeast Asia are cornering lucrative niches of the oilfield services market to deliver growth that far outstrips that of much larger global peers. SapuraKencana Petroleum and Ezion Holdings lead a group of top 20 Malaysia- and … [Read more...]