SBM Offshore’s holiday season brightened with the award of an FPSO contract for ExxonMobil Corp.’s Liza development offshore Guyana, giving a glimmer of hope for the ailing FPSO market sector.

In a joint announcement, NextDecade Global Solutions, a subsidiary of NextDecade LLC, and FLEX LNG revealed that the two companies have signed a heads of agreement (HoA) to create a full-value chain solution for customers looking to purchase LNG from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.

Höegh LNG Holdings Ltd. recently announced that it has signed a letter of intent for one firm and three optional floating, storage and regasification units (FSRUs) at Samsung Heavy Industries (SHI) in South Korea. 

Consider the remote offshore oil or gas field with minimal or no infrastructure. What is the best choice? Easy. Most operators would go with an FPSO, which offers storage in the hull and direct off-loading to tankers.

Malaysia’s state-owned Petronas has kicked off first production from the Kanowit Field offshore Sarawak, East Malaysia, using its first floating LNG (FLNG) facility—the PFLNG SATU.

Timsah’s new multipurpose supply vessel, built for hire, will be equipped with a Saab Seaeye Cougar XTi underwater vehicle as a key onboard resource package.

GustoMSC’s new Scylax drillship is primed to enter the mid- to deepwater market as a sophisticated, cost-efficient tool.

MSV Seawell, the pioneering monohull light well intervention and dive support vessel, has returned to service in the North Sea after a $75 million investment by its owners, Aberdeen-based Helix Well Ops (U.K.) Ltd., a U.K. subsidiary of international offshore energy service company Helix Energy Solutions Group Inc. 

Petrofac South East Asia Pte said it has completed repair work ahead of schedule on its ABS-class FPF-003 vessel in the Mubdala, Jasmine oil field off the coast of Thailand.

Global demand for oil and gas offshore supply vessels (OSV) will continue its 10% annual decline through 2017, IHS Markit reported in a new analysis.

Technip’s Deep Explorer diving support vessel (DSV) has been named and is undergoing equipment outfitting and commissioning in preparation for its work in North Sea Canada.

Energy Maritime Associates (EMA) confirms in its fourth-quarter 2016 Floating Production Systems Report that the industry has experienced a rough year.