Offshore
"Buy" Nam Cheong
DBS Vickers started coverage of Malaysia offshore support vessel builder and owner Nam Cheong with a buy rating. Suvro Sarkar tips the company for a strong few years off the back of higher investment in the local oil industry, especially by state...
2012-06-13 07:04:04
China kick-starts Offshore
China has started off advancing into offshore plant market, as Shanghai-based engineering company Wison Group's subsidiary Wison Offshore & Marine has recently signed EPCIC contract for the world-first floating liquefaction regasification & storage (...
2012-06-12 07:02:14
L&T wins OSVs
Mumbai, June 8, 2012, L&T Shipbuilding - a subsidiary of Larsen & Toubro - bagged orders, valued at Rs. 483 crore ($87m), for four specialized commercial vessels, in the first quarter of 2012-2013. The orders from Halul Offshore Services Company W...
2012-06-11 07:43:23
CSIC funds offshore drive
China Shipbuilding Industry Co Ltd has completed a sale of convertible bonds to raise Yuan8.1bn ($1.3bn). More than half of the money will support capital projects that include shipyard upgrades to build more offshore vessels. The Shanghai-list...
2012-06-11 07:17:34
Ulstein wins four more PSVs
Market trends and very good feedback from the first ship in operation triggers Blue Ship Invest to contract another four platform supply vessels (PSVs) of the PX121 design from ULSTEIN. All four are scheduled for delivery in 2013. The investment c...
2012-06-11 07:10:00
Excelerate looks for FLNG partner
Excelerate Energy is starting off a process to find the right project partner for its upcoming $1.75bn Lavaca FLNG project, in the US Gulf. Excelerate is planning to install a three-million-tonne-per-annum (mtpa) FLNG unit, with the option of add...
2012-06-08 12:54:48
Cameron wins China subsea
Cameron has won a $100 million contract from CNOOC for subsea production equipment in the South China Sea, the company said early this week. The work for the Panyu 35-1/2 deepwater field includes, among other things, six subsea trees, production ...
2012-06-08 08:10:47
Drydocks launch compact Semi-Sub
Dubai, UAE, 6 June 2012: Drydocks World, the established international player in ship repair, conversion and new building, announced the launch of the State-of-the-art Compact Semi-Submersible Vessel CSS Derwent from its dedicated new-build facility ...
2012-06-08 08:07:16
Aker engineering hub in London
7 June 2012 - Aker Solutions aims to build up a 1,700-strong London engineering hub - thereby creating 1,300 new jobs - by 2015, as growth in global oil and gas markets drives demand for the company's technologies and services. Øyvind Eriksen, ex...
2012-06-08 07:48:08
Bergen wins OSCV
Bergen Group has won a NOK 1bn ($164.8m) contract to construct up to two offshore subsea construction vessels for Norwegian compatriot North Sea Shipping. The Oslo-listed shipbuilding company says it expects the firm unit to hit the water in the ...
2012-06-07 08:15:54
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