Offshore
Ocean Rig fixes drillship
George Economou’s Ocean Rig is on the fringe of securing a three-year employment contract for one of its newest ultra deepwater drillships. The Nasdaq-quoted offshore contractor says it has received a letter of award for the Ocean Rig Olympia (...
2012-04-10 07:23:24
Big3 R&D investment jump
South Korea's major shipbuilders have expanded investment on R&D last year to increase the technical gap with rivals. Korean Big3 - Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering - have spent a tota...
2012-04-10 06:51:02
Technip lands Lucius subsea
US independent Anadarko has handed French engineering company Technip a subsea contract on its Lucius field development in the Keathley Canyon area of the Gulf of Mexico. The contract covers the installation of flexible flowline, flexible gas lif...
2012-04-09 07:32:54
Flex FLNG puzzled
Talks between Flex LNG and Samsung Heavy Industries over how to proceed with what was originally planned as a floating LNG (FLNG) production unit appear to have stalled. Contractually the yard is believed to be in a position where it could now ta...
2012-04-09 07:12:50
Samsung inks 7 drillships
South Korea's Samsung Heavy Industries, having won orders for a total of seven drillships including three optional ones year-to-date, proves itself as a leader in this field. New York listed shipowner Ensco placed an order for additional one drill...
2012-04-09 06:45:07
Keppel wins FPSO upgrade
Keppel Shipyard is to upgrade a pair of Floating Production Storage and Offloading (FPSO) units for long-time customers. The Singapore-listed giant will bank SGD 170m ($135m) for the contracts with SBM Offshore and Bumi Armada. Keppel has alr...
2012-04-06 07:23:14
Sembcorp secures jack-up rig
Singapore, April 5, 2012 : Sembcorp Marine's subsidiary, PPL Shipyard has secured a US$218.5 million contract to build a jack-up rig from Gulf Drilling International Ltd (Q.S.C.) (GDI), one of the largest Middle East drilling companies. Scheduled...
2012-04-06 07:20:36
Plant export deals 5.6%↓
The Ministry of Knowledge Economy of South Korea and the Korea Plant Industries Association announced on March 5 that export plant orders in the first quarter recorded $11.8bn, down by 5.6% year-on-year. Although there has been steady offshore pla...
2012-04-06 07:02:19
FSRU awards to increase
Pareto Securities is bullish in its view of the LNG-FSRU market. Analysts at the Norwegian finance house are now expecting 11 project awards in 2012, better than the eight they previously forecast. And with just six FSRU newbuildings in the pipel...
2012-04-04 07:56:28
Sembcorp wins semi-sub rig
Singapore’s Sembcorp Marine has secured a $568 million contract to build an ultra-deepwater semi-submersible rig for Seadrill subsidiary North Atlantic Drilling, to be built at the company’s Jurong shipyard. The rig will be based on the Moss M...
2012-04-04 07:23:02
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