Offshore
Transocean acquires Aker Drilling
Transocean finalizes the acquisition of Norway’s Aker Drilling. Transocean paid NOK 26.50 per share, or about $1.43 billion, for full ownership of Aker as well as assuming $800 million of Aker’s outstanding debt. The Switzerland-based com...
2011-10-06 07:43:57
Korea dwarfs China
South Korean shipbuilders won the least orders last month but their accumulated order intake overwhelms their major rivals in China. According to Clarksons, Korean yards won 10-ship orders, 390,000 cgt worth $892m in September. The figure is wa...
2011-10-06 07:15:31
Samsung Offshore Forte
South Korea's Samsung Heavy Industries is forecast to fall short of newbuilding order estimation next year, however, its flat share price seems to already include Samsung's worst scenario in the near future by global recession. Citi Global Market ...
2011-10-06 06:46:07
GulfMark orders OSVs
GulfMark Offshore returned to European shipyards for another three offshore support vessel newbuildings. The US offshore giant has booked two 3,000-dwt platform supply vessels at Italy’s Rosetti Marino, with the first due to be handed over in t...
2011-10-05 07:31:12
Keppel pens $200m jack-up
Singapore-based yard Keppel FELS has sealed a $200m contract with Safin Gulf FZCO to deliver a high spec jack-up rig in the third quarter of next year. Keppel will refurbish and upgrade an existing KFELS B Class rig, thought to be the West Atlas,...
2011-10-05 07:28:43
Sembcorp wins FPSO conversion
Sembcorp Marine’s Juroung shipyard is to convert a very large crude carrier into a floating production storage and offloading vessel. The deal worth $S130m ($99m) is with Modec, an FPSO contractor. Modec purchased the tanker, 305,000-dwt TAR...
2011-10-05 07:14:56
Rongsheng pens shuttle tankers
China Rongsheng Heavy Industries has landed a shuttle tanker newbuilding contract with a compatriot shipowner, continuing in its expansion in building for offshore-related projects. The shipbuilder penned the deal for two 75,000-dwt vessels with ...
2011-10-04 07:21:06
SBM new FPSO yard in Brazil
SBM Offshore enters into an agreement with Synergy Group to develop a new yard in Brazil for integration work on offshore facilities, including FPSOs. The new yard, to be located at Niteroi, is intended for fabrication and pre-commissioning of to...
2011-10-04 06:55:30
Saipem seals $676m offshore deals
Italy’s Saipem scoops two engineering and construction contracts in Russia and Indonesia worth a total of $676 million. In Russia, Gazprom Dobycha Shelf awarded the Milanese company a subsea development contract along with Mezhregiontruboprovos...
2011-10-04 06:53:06
LNG-FPSO Pie Grows Fast
Fledgling LNG-FPSO market is set to expand rapidly in the next seven years. Bullish predictions for LNG-FPSO, which at present has only one sanctioned project led by Royal Dutch Shell, are underpinned by projections of a surge in expenditure in t...
2011-09-30 11:55:00
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