Offshore
Rosy outlook for offshore sector
The outlook for offshore support and construction vessels is rosy as the global economy stabilizes, owner and operator EOC claims. The Singapore-based floating production storage & offloading (FPSO) vessel owner did, however, return a weaker annua...
2009-10-21 00:36:56
ONGC eyes seismic pair
India's state-owned exploration-and-production (E&P) operator Oil & Natural Gas Corp (ONGC) plans to charter two seismic vessels to seek new fields off India. ONGC officials say the company is looking to fix one 4,000-bhp, two-streamer vessel and ...
2009-10-21 00:34:36
Shell to order min.3 LNG-FPSOs
Shell will build at least three LNG-FPSOs for $5bn each at Samsung Heavy Industries of South Korea, a Technip SA source claims. The oil major had said its initial order in July for a mammoth floating production storage and offloading (FPSO) unit a...
2009-10-21 00:16:09
CSSC builds offshore plant hub
China State Shipbuilding Corp is set to invest up to Yuan43bn ($6.3bn) to develop an offshore facilities base in Zhuhai, Guangdong province. Under the plan, CSSC would build eight offshore product shipyards in Gaolan Harbor, a deepwater port in Zh...
2009-10-21 00:14:34
Petrobras to lease domestic yard
Petrobras is said to be in talks to lease the former Ishibras shipyard for 20 years. The Brazilian state-owned oil company, which saw plans to build nine tankers at the facility fall through, will pay BRL 4m ($2.34m) for the lease, local media rep...
2009-10-20 07:40:33
Synergy builds $876m Brazil yard
Brazil’s Synergy Group is set to build a BRL 1.5bn ($876m) shipyard in north-eastern Brazil, Alagoas' state governor said. The conglomerate, which owns Estaleiro Ilha SA (Eisa) and Maua Shipyard, is to construct Estaleiro Eisa de Alagoas in the ...
2009-10-20 07:33:28
Offshore player Acergy net down
Nasdaq-listed offshore owner Acergy has seen profit fall in the first three quarters as revenues shrank. The company said net profit for the nine months to 30 September was $184.6m, compared to $215.8m in the same period of 2008. Revenues were ...
2009-10-15 07:29:20
Malaysian secures FPSO financing
Malaysia’s Bumi Armada has secured funding worth $190m to finance an FPSO being converted for work off Nigeria. The five-year limited recourse loan facility was secured from a club of seven mandated lead arrangers. SMBC acted as structuring bank...
2009-10-13 07:34:39
Norsk face bankruptcy threat
Norway could see more shipyards and engineering firms go bankrupt if the offshore orders do not pick up soon, a national agency warns. Earlier in the year a privately owned shipbuilder, Karmsund, went bust when clients were unable to honor existin...
2009-10-13 07:24:23
STX Europe inks ‘green’ PSV
STX Europe announced Sunday that it has received an order for eco-friendly platform supply vessel from Norway’s Deep Sea Supply. The 4,700-dwt ship will have a length of 88 meters, breadth of 19 meters and will be built at the Brazilian yard of ...
2009-10-12 13:09:51
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