Offshore
OSV expects higher rates
Offshore Support Vessel owners can see an improving market over the summer, Credit Suisse forecast. Analyst Greg Lewis says utilisation has been improving in Q2 with rates expected to follow the same trend in Q3. The positive sentiment came as...
2012-07-17 09:55:00
Slow down semi-sub orders !
New semi-submersible rig orders should be limited and made against firm contracts of employment, warned the research and strategic planning division of Europe’s DVB Bank in a new report. Semi-Submersibles are forecast to benefit from a robust of...
2012-07-17 07:14:55
China's Offshore Ambition
China officially announced its 'Mid-to-long term development plan for offshore facility industry (2011-2020)', led by the Ministry of Industry and Information Technology of China, the National Development and Reform Commission, the Ministry of Scienc...
2012-07-17 06:31:26
Petrobras signs six semi-subs
SAO PAULO, July 13 - Brazilian state-controlled oil company Petrobras on Friday signed an agreement with Sete Brasil for the construction of six drilling rigs in the South American nation. Petrobras has approved construction of six new semi-submer...
2012-07-16 07:46:21
Ezra clinches offshore order
SINGAPORE, July 12, 2012 - TRIYARDS to leverage track record to build reputation as a leading engineering & fabrication services provider to the offshore O&G sector, the fabrication arm of Ezra Holdings Limited (Ezra, the Group), has clinched a new U...
2012-07-16 07:39:24
Jaya wins AHTS pair
Jaya Holdings has won contracts to build a pair of offshore support vessels for an unnamed buyer. The Singapore-listed company will pocket $84m to deliver one 5,150-bhp and one 16,000-bhp anchor handling tug supply vessel. Venkatraman Sheshash...
2012-07-16 07:06:27
Ichthys bidding 'On schedule'
Commercial offers have been submitted to provide three LNG carriers for the Ichthys LNG project and a separate process is being run in parallel to select preferred shipbuilders for the job. Around nine parties have paired up and submitted commerci...
2012-07-13 11:37:58
China expands rig orders
China is emerging fast as a strong competitor to the traditional offshore rig-building powerhouses of Singapore and Korea as shipyards such as COSCO, CIMC Raffles, Shanghai Shipyard, DSIC, etc. fight for a bigger market share in a deep-water explorat...
2012-07-13 08:05:37
COSCO wins Sevan-design FPSO
Following more than a year of front end engineering and development work, Sevan Marine is pleased to announce that it has been chosen by Dana Petroleum for the Western Isles development project. The Western Isles project consists of two oil field...
2012-07-13 07:38:19
Energy-related newbuilding lasts
Although investment in newbuilding commercial ship is still stagnant, there will be steady orderings seen in energy-related ship and offshore plant market. Analyst Park Min of Korea Investment & Securities said on July 12, "With continued global f...
2012-07-13 06:59:59
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