Offshore
"Big Buyer" has come
“Big buyer has come.” South Korean shipbuilders are on a tiptoe of excitement as one of them may receive massive new orders. Brazil’s Petrobras, which is planning to develope deepsea oil fields worth some $147.7bn until 2013, dispatched a d...
2009-04-20 11:58:29
Tough years to come
Ezra Holdings managing director Lionel Lee expects two tough years after 2009 because of the huge orderbook of offshore-support vessels (OSVs). As for the price of oil, Lee says it can improve greatly but means little if the credit markets do not ...
2009-04-20 06:40:25
STX Norway wins icebreaker tugs
STX Norway Offshore, a subsidiary of STX Europe, has won contracts totalling about NKr750m ($112m) from Kazakhstan joint stock company Circle Marine Invest to construct three icebreaker tugs for operation in the Caspian Sea. The vessels will be o...
2009-04-17 07:01:41
Samsung, top in offshore market
Seoul-based Goodmorning Shinhan Securities said in its latest report that Samsung Heavy Industries looks most outstanding in the offshore plant market which is in the limelight recently in shipbuilding industry. According to the report, Samsung He...
2009-04-16 16:24:45
Bergen wins $407m outfitting contracts
Boa Offshore of Norway has turned to compatriot Bergen Group for the outfitting of five newbuildings. The NOK 2.74bn ($407.20m) contract will see four VS 495s and one MT 6007 completed at Bergen Group Fosen. All five hulls for the platform supply ...
2009-04-16 07:51:08
Offshore client of Jurong Shipyard bust up
Sembcorp Marine announced that an important client to its wholly-owned subsidiary Jurong Shipyard has gone bust. Singapore-based Petroprod, a member of Norway's Larsen group which specialises in mobile production and field development for small and m...
2009-04-16 07:31:33
Gazprom floats specialised LNG division
Russian gas giant Gazprom is establishing a specialised unit to manage its liquefied natural gas shipping requirements, which could involve a massive amount of tonnage. Gazprom said it had also decided to create a company that will serve as a sing...
2009-04-16 07:26:57
Poland and Bulgaria turn to Qatar for LNG
Two eastern European countries, Poland and Bulgaria, are seeking liquefied natural gas imports from Qatar as a way of cutting their dependence on pipeline supplies from Russia. Poland’s efforts are more advanced. The country’s gas monopoly PG...
2009-04-16 07:23:42
Petrobras visiting Korea
Executives of Brazilian state energy group Petroleo Brasileiro arrive in Seoul next Monday to unveil a multi-billion dollar offshore project before the country’s leading shipbuilders. South Korea has five shipyards capable of building the 30 dr...
2009-04-16 07:20:54
Tebma slows down capacity expansion
India’s Tebma Shipyards Ltd is going slow on its capacity expansion programme though it is “not affected by economic slowdown”. Mr P.K. Balan, Chairman, Tebma, told Business Line that the company had plans to set up two shipyards in eastern ...
2009-04-15 11:02:15
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