Offshore
Brazil wins Petro- FPSOs
Brazil’s Engevix is said to be most likely to win the Petrobras’ eight FPSO newbuilding tender. Engevix, which is competing in the bidding together with its consortium partner GVA of Sweden, is doubted whether it can really build the hulls. ...
2009-09-01 06:36:03
Seadrill posts record profits
Norwegian drillship owner Seadrill posted record profits and revenues in the second quarter of the year thanks to its growing fleet of offshore drilling units. The company, which is led by John Fredriksen, posted $816m in revenues in the second q...
2009-08-31 06:58:56
7 consortia vie for Petrobras FPSO
Two more bids have emerged in the running for a massive FPSO tender by Petrobras. The Brazilian oil and gas company was set to receive commercial offers last Friday for the eight floating production, storage and offloading vessels (FPSOs). As r...
2009-08-31 06:56:16
Fresh order impending for Big 3
Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder, and its rivals may end a dry spell in new orders after Australia approved the $42bn Gorgon LNG project. HHI, Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Indus...
2009-08-27 14:49:42
STX lays keel of offshore pipe layer
South Korea’s STX Group embarked on its first offshore plant construction. STX said it has recently held a keel laying ceremony of an offshore pipe layer at its Chinese subsidiary STX Dalian Shipbuilding Complex. The pipe laying vessel had be...
2009-08-27 11:58:03
Keppel upbeat on Brazil rigs
Keppel and Sembcorp Marine may gain from demand for deepwater drilling rigs from Brazil, contrary to investor expectations, Citigroup said. The US bank raised Keppel’s target price by 20% to S$9.15 from S$7.60 after increasing the earnings per s...
2009-08-27 07:25:47
Qatar LNG train brings back idle fleet
19 LNG carriers have left export terminals in Qatar in the past week, as the Exxon Mobil and Qatar Petroleum joint venture is poised to begin shipments from Rasgastrain number six. Although it will be a while before production reaches capacity of ...
2009-08-27 07:13:08
Gazprom profits hit by lower gas sales
Russian gas major Gazprom reported a 61% decline in profit to $3.5bn in the first quarter of 2009, attributing the fall to lower gas sales in Russia and in Europe. Gazprom, the world’s largest gas company, nevertheless beat analyst forecasts by ...
2009-08-27 07:10:40
AHTS delayed at Spanish yard
Sweden’s Rederi AB TransAtlantic says the first of its anchor handler newbuildings ordered in Spain has been delayed by up to four months. The company, which has a 50% interest in the 230-tbp vessel scheduled for the fleet of Viking Supply Ships...
2009-08-26 07:43:27
PGS cancels another one
Norway’s Petroleum Geo-Services has again axed its newbuilding orderbook by cancelling a second vessel under construction in Spain. The Oslo-listed PGS says newbuilding number 533, a seismic survey ship, has been ditched. PGS says its subsidiary...
2009-08-26 07:39:56
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