STX builds new Brazilian yard [Finance]
STX OSV Holdings’ investment in the construction of a new shipyard in Brazil may top $126m. The Singapore-listed offshore specialist, which operates Estaleiro Promar shipyard in Brazil, says the revised budget estimate follows an increase in the...
2011-08-16 07:14:45
Jamaica goes for LNG-FSRU [General]
Fresh tenders for LNG supply and infrastructure in Jamaica are due to be published in the near future. Interested parties wishing to provide LNG floating storage and regasification unit (FSRU) will have 90 days from the start of the tender proces...
2011-08-16 07:12:20
JES Q2 profit jumps [General]
JES International Holdings recorded a 147% jump in second quarter net profit. The Singapore-listed company saw higher orders from Asian buyers, particularly in China, Indonesia and Singapore, which now make up around 75% of its business. JES ...
2011-08-16 07:09:12
Chinese Counterattack [Shipbuilding]
Chinese shipbuilders will win the lion’s share of fresh newbuilding orders in the second half of this year, Clarksons says. South Korean yards claimed pride of place in the first six months of the 2011 by winning orders worth $31.4bn, more than...
2011-08-16 07:06:22
Rig orders to continue: Keppel [Offshore]
Keppel Corporation, the world's largest oil rig-builder, expects demand to remain sustainable as long as crude prices remain above US$80 a barrel. Keppel Offshore & Marine chief executive Tong Chong Heong told Reuters that he expects the company t...
2011-08-16 07:02:51
OSX to add 14 FPSOs [Offshore]
OSX Brasil SA, the Brazilian oil services company controlled by billionaire Eike Batista, expects to add 14 more floating production vessels to its fleet as Batista’s company develops South American oilfields. OGX Petroleo & Gas Participacoes S...
2011-08-16 07:00:48
MOL's PBCF adopted for 2,000 [Equipment]
Mitsui O.S.K. Lines (MOL) reports that the energy-saving Propeller Boss Cap Fins (PBCF) device has now been ordered for 2,000 vessels worldwide. The PBCF breaks up the hub vortex generated behind the rotating propeller, giving a 3-5 percent reduc...
2011-08-16 06:54:05
NOV scores $1.5bn drillship equip [Equipment]
Houston headquartered National Oilwell Varco reports that it has signed contracts to supply drilling equipment packages for seven drillships to Brazilian shipbuilder Estaleiro Atlantico Sul ("EAS"), including drilling riser and pressure control equip...
2011-08-16 06:51:11
ABB books $200m orders [Equipment]
ABB reports that in the second quarter it booked orders for a total of $200 million from Samsung Heavy Industries, Hyundai Heavy Industries, Keppel FELS and Jurong Shipyard, to supply equipment for 24 new jack-up and DP drilling vessels and one FPSO....
2011-08-16 06:47:48
Transocean to buy Aker Drilling [Offshore]
US offshore drilling company Transocean has launched a takeover bid for Norwegian outfit Aker Drilling. Transocean has offered to buy all the outstanding shares in Aker Drilling for Nkr7.9 billion ($1.4 billion), or Nkr26.50 per share, which repr...
2011-08-16 06:45:06
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