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Offshore
DNV designs floating structure in ice
The oil and gas industry has lacked adequate and transparent design practices for floating structures in ice-covered Arctic waters. Now, DNV and key industry players have developed an enhanced design framework for such structures, adapted from ex...
2012-12-06 06:32:28
Offshore needs state support
In order to enhance strengths in Eco-design ship and offshore plant segments, Korean government should support for troubled shipbuilding industries. PhD Bae Yong-Il of Samsung Economic Research Institute revealed "Korean government should strongly...
2012-12-05 07:00:16
Floating Production market into "Up-cycle"
Capital expenditure on floating production systems (FPS) is forecast to double over the next five years (2013-2017) to reach $91bn, according to a new study from Douglas-Westwood. “This growth in expenditure is due to factors such as a larger pr...
2012-12-05 06:39:04
Keppel signs semi-rigs
Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has signed a contract with Ukraine's National Joint-Stock Company "Naftogaz of Ukraine" (Naftogaz), to construct two semi-submersible drilling ...
2012-12-05 06:30:06
Jinhai inks 1st Jack-up
China's Jinhai Heavy Industry is said to have contracted one 90-meter jack-up platform. The jack-up platform, 78.8m in length, 40m in breadth and 5.8m in height, will support repair or construction service at offshore fields. The platform has no p...
2012-12-04 06:56:23
CSSC wins eight PSVs
CSSC Guangzhou Huangpu Shipbuilding has won an order for up to eight platform supply vessels (PSV) from Singapore-based Basic Offshore. The state-owned shipyard will deliver the first two 4,200DWT PSVs in 2014. Options to build six additional s...
2012-12-04 06:44:28
YZJ wins 1st FPSO
China's Yangzijiang Shipbuilding has signed its first FPSO newbuilding contract. The shipyard has signed a letter of intent with Houston-based SSP Offshore to commence detailed design and construction engineering for the first SSP floater. “A...
2012-12-04 06:33:19
Offshore entry requires "Caution"
While there is a craze for offshore business in China, market players pointed out Chinese shipbuilders should better position themselves to win in a market and must stop blaming the market stagnancy for their difficulties. A secretary general Wang...
2012-12-03 05:40:33
UAE rig demand grows
Demand for offshore oil field development is said to be increasing in the Middle East, such as UAE, Abu Dhabi, etc. Sources said that offshore drilling-rig demand in the Mideast is to grow twofold from the current amount. In case of Abu Dhabi, ...
2012-12-03 05:38:21
HHI vs IHC for OSV
Hyundai Heavy Industries and IHC Merwede are reportedly left in the frame to win a newbuilding contract with Subsea 7. The shipowner has tendered for a pair of flex lay vessels worth around $800m. The deal would consist of one firm vessel with ...
2012-12-03 05:21:06
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