Offshore
Malaysia scores LNG-FSRU
Malaysia Marine & Heavy Engineering (MMHE) has won massive conversion contracts worth almost $320 million from MISC. The deals will see MMHE undertake the first ever conversion of a ship into an LNG-FSRU while MISC has also signed on for an FPSO ...
2011-08-18 07:27:37
Pacific wins Petrobras drillship deal
Petrobras awards Pacific Drilling a three-year contract for one of Pacific's ultra-deepwater drillships. The Pacific Mistral, built by Samsung Heavy Industries, is a dynamically positioned rig equipped to drill at depths of up to 10,000 feet. ...
2011-08-18 07:19:13
Maersk LNG sale soon
AP Moller-Maersk expects to complete the sale of its LNG shipping arm shortly. CEO Nils Andersen claims there has been plenty of interest in the company, which was placed on the sales block earlier this year. He said: “The LNG market is exce...
2011-08-18 07:07:52
Profitability depends on offshore plant
South Korea's NICE Investors Service announced to maintain sovereign rating of Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering for 'AA-.' Under situation of decreasing profitability by lower ship price, booking orders for hi...
2011-08-17 10:06:14
OSX eyes global shipyard
Brazil's greenfield shipyard OSX is to start operations in 2013 and is planning to focus on exports to West Africa. The shipyard is still in the construction stage at its $2bn shipyard project at the Acu Superport near Rio de Janeiro, but its plan...
2011-08-17 07:12:26
MMHE results tumble
Malaysia Marine & Heavy Engineering witnessed weaker profit and revenue streams in its first quarter results. Profit took the bigger hit, falling by 28% compared with the same period in the previous year. It settled at MYR 79m ($26m). Revenue...
2011-08-17 06:47:06
Big3 ready for deep-sea
Market forecast on deep-sea resource development sector seems optimistic. Infield Systems, a British provider of analysis to oil, gas, marine industry, predicted on Aug 16 that investment on exploration and development seems to exceed $94bn by 201...
2011-08-16 11:50:34
Rig orders to continue: Keppel
Keppel Corporation, the world's largest oil rig-builder, expects demand to remain sustainable as long as crude prices remain above US$80 a barrel. Keppel Offshore & Marine chief executive Tong Chong Heong told Reuters that he expects the company t...
2011-08-16 07:02:51
OSX to add 14 FPSOs
OSX Brasil SA, the Brazilian oil services company controlled by billionaire Eike Batista, expects to add 14 more floating production vessels to its fleet as Batista’s company develops South American oilfields. OGX Petroleo & Gas Participacoes S...
2011-08-16 07:00:48
Transocean to buy Aker Drilling
US offshore drilling company Transocean has launched a takeover bid for Norwegian outfit Aker Drilling. Transocean has offered to buy all the outstanding shares in Aker Drilling for Nkr7.9 billion ($1.4 billion), or Nkr26.50 per share, which repr...
2011-08-16 06:45:06
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