Italian engineering contractor Saipem and consortium partner Jan De Nul have signed a letter of intent with ExxonMobil Mozambique for the Rovuma LNG Phase 1 development in Mozambique.The agreement, signed on behalf of Mozambique Rovuma Venture, covers preliminary engineering, procurement…
Local content is usually described as a policy objective. On a live project it behaves as something far more concrete: a set of conditions determining which companies may bid at all, and who they are permitted to put on the job. By MarineCraft Journal · 10 September 2026 · 9 mins read … Read more
Much of Southeast Asia’s offshore infrastructure was built for a design life that has already passed. Those platforms are still producing, which means the operative question is no longer whether they last, but under what conditions they are allowed to. By MarineCraft Journal · 9 September 2026 · 10 mins read Design … Read more
Kazakhstan's Ministry of Justice has suspended enforcement proceedings to recover KZT2.3 trillion ($5.06 billion) from the North Caspian Operating Company (NCOC) which runs the Kashagan oil field, Russia's Interfax news agency reported.NCOC, a joint venture between Shell, TotalEnergies, ExxonMobil and…
Subsea well construction and intervention provider AKOFS Offshore has concluded a $300 million reducing revolving credit facility agreement with DNB Bank and Sparebank 1 Sør-Norge.
A dropped spanner from thirty metres carries roughly the energy of a small car at walking pace. Offshore lifting has more paperwork around it than almost any other routine task, and the reason is that the failure mode is measured in fatalities rather than delays. By MarineCraft Journal · 7 September 2026 … Read more
