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...
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 ...
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...
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...
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...
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 ...
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 ...
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...
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...
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 ...
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