Offshore
Daewoo to win $5bn offshore H1
Daewoo Shipbuilding & Marine Engineering is expected to win $5bn orders for offshore production facilities in the first half of 2012. The South Korean shipbuilder's operating margin for Q4 2011 dropped to 5.5%, down from 6.8% during Q3. Analyst Ju...
2012-02-07 07:03:04
FPSO OSX-1 1st production
On January 31th 2012, at 18h39m50s, the FPSO OSX-1 successfully initiated the production of first oil for its anchor client OGX, the Brazilian EBX Group oil and gas company responsible for the largest private-sector exploratory campaign in Brazil. ...
2012-02-06 07:21:00
Hoegh adds Hyundai FSRU
Höegh LNG has, pursuant to a successful private placement, exercised an option for a new FSRU (Floating Storage and Regasification Unit) to be built at Hyundai Heavy Industries Ltd. in South Korea. The FSRU will be delivered in the second qua...
2012-02-06 07:14:49
Daewoo leads Ichthys FPSO
Inpex earlier this year listed off the contractors and fabricators awarded deals for the $34 billion project after a final investment decision was made. The JKC joint venture featuring JGC, KBR and Chiyoda was awarded the largest contract for the...
2012-02-06 07:11:58
Yiu Lian books conversion order
Jasper Investments Limited has awarded a contract for conversion from Yiu Lian Dockyard, a subsidiary of the China Merchants Industry Holding. The conversion work, contract signed in early November 2011, to retrofit and convert semi-submersible ri...
2012-02-03 10:40:33
Hoegh readies for expansion
Hoegh LNG of Norway hopes to raise up to $200m with a private placement. The Oslo-listed company says proceeds from the issuance of new shares will be used to finance both new and existing floating storage and regasification units (FSRUs). AB...
2012-02-03 08:12:56
Subsea 7 sweep orders
Subsea 7 lands its third major contract win of the New Year and its first in the North Sea. The Oslo-listed offshore outfit will bank $100m from the pipeline deal with BP for the Clair Ridge Project, West of Shetland. Subsea 7 will fabricate,...
2012-02-03 07:43:03
Korea Expands Aid
The Export-Import Bank of Korea (Korea Eximbank) announced on 2 February that it would manage financing amount and time more flexibly to support shipbuilders and shipping companies, suffering from contract alteration/cancellation, rising raw-material...
2012-02-03 07:05:26
Stena Ice Drillship lined-up
Stena Drilling has penned a five-year deal for a newbuild harsh-environment drillship. The Stena IceMax is one of two vessels in the Aberdeen-based company's DrillMaxx Ice series, which have capabilities to drill in up to 10,000 feet of water and ...
2012-02-02 08:34:58
Gazprom to sell offshore unit
Gazprom is preparing for the sale of Gazflot, the 100 percent subsidiary specialized on offshore drilling, seismic exploration and geological engineering, local report says. Gazflot focuses exclusively on the Barents Sea, the Pechora Sea, the Yama...
2012-02-02 08:24:26
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