Offshore
Allseas to order pipelay vessel at Asian
Swiss shipowner Allseas is seeking Asian shipyards to order one of the largest ships ever built, after finally deciding to invest €1.3bn ($1.9bn) in the newbuilding. Allseas will start building a pipelay and offshore platform installation vessel...
2009-11-16 06:42:58
Two Korean win Petrobras LNG-FPSO FEED
Two consortia have been given the go-ahead to start work on a large-scale LNG-FPSO. South Korea's Samsung Heavy Industries and Hyundai Heavy Industries have been paired as subcontractors with two of the consortia given the nod by Brazil's Petrobra...
2009-11-16 06:28:34
China constructs new oil pipeline
China National Petroleum Corporation (CNPC) has started construction on the China – Myanmar pipeline and a crude oil port in Myanmar. The 771 km pipeline will have a capacity of 12 MMt/a and connect Myanmar’s port at Maday Island on the In...
2009-11-13 05:29:50
SBM Offshore secures fresh funds
Dutch offshore shipping group SBM Offshore has banked EUR 180.7m ($36.49m) through a new share issue. It sold 13,896,880 shares at EUR 13 each, and they will be listed in Amsterdam. The cash will go towards funding further growth of its fleet...
2009-11-12 10:08:55
Gas demand will recover
Gazprom, the world’s biggest natural-gas producer, expects demand for the fuel to rise in the next two or three years, narrowing the oversupply caused by the recession and new production projects. In an interview, Alexander Medvedev, deputy chi...
2009-11-12 05:29:53
Keppel FELS delivers two rigs
Singapore’s Keppel FELS has delivered two rigs safely, ahead of schedule and within budget to owners. The KFELS B Class jackup rig, ‘Greatdrill Chitra’, was delivered to India’s Greatship Global Energy Services Pte Ltd (Greatship) 12 days...
2009-11-11 05:38:27
Floating storage units hit high
London-based broker Gibson said the amount of crude and oil products stored on tankers has risen to a 10-year high of 19.2m tonnes, or 143m barrels. There are now 129 tankers deployed for temporary storage by traders and investment banks attracted...
2009-11-11 05:34:43
Nakilat names last LNG carrier
Qatar Gas Transport Company, popularly known as Nakilat, and vessel charterer Qatargas Operating Company have named the final four Q-Max LNG carriers.
 The new ships were officially named at a special ceremony held at Samsung Heavy Industrie...
2009-11-10 17:09:19
SembMarine acquires second rig from Seadrill
Sembcorp Marine says subsidiary, PPL Shipyard, has exercised its right to acquire the second unit of the jack-up drilling rig West Elara from Seadrill Limited.West Elara is currently under construction in the shipyard and is built based on the PPL Pa...
2009-11-10 11:39:04
Maersk to cancel two FSOs
Overseas Shipholding Group (OSG) expressed doubts that Maersk Oil will cancel a deal for two giant FSOs under conversion construction by a joint venture with Euronav. The New York tanker owner says in a quarterly report to securities regulators t...
2009-11-10 05:17:01
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