Offshore
Russian Arctic project being delayed
Rising energy prices may be improving the economics of expensive Arctic oil and gas resources but developments in the Russian Arctic are not proceeding as quickly as many would like. Now it is understood that the Prirazlomnoye oil field, originally d...
2009-07-23 06:59:09
Zhenhua wins drilling platforms
Shanghai Zhenhua Heavy Industry, the world's largest manufacturer of heavy-duty container gantry cranes, said it has signed a contract with Spain’s Arborek Desarrollos to build offshore engineering equipment worth $2.2bn in total. The company (f...
2009-07-22 16:10:49
Petrobras bags semi-submersible rig
Petrobras has approved a deal worth $1.45bn to charter-in a semi-submersible drilling rig for three years. The deal also gives the Brazilian oil company an option to renew the contract for the 24,000-gt Cajun Express (built 2000). The ultra-deepwa...
2009-07-22 07:10:58
South Korea gas storage increases
South Korea is storing much more LNG than last year because of the national decline in energy demand and continued deliveries of gas on tankers. The volume of LNG stored by state-owned gas company Kogas increased by 68% in June, compared with the...
2009-07-22 06:51:25
Shipbuilders rush into order-intake war
New orders are expected to pick up in earnest soon as massive newbuilding projects such as Royal Dutch Shell’s LNG-FPSO tender and Petrobras offshore plant orders draw near. And major shipbuilders in South Korea are making frantic efforts to win...
2009-07-22 06:18:07
China builds more LNG terminals
China is to increase LNG imports up to 50m tons per year by 2020 by building a host of new import terminals along the coast. China’s state-owned companies China National Offshore Oil Corp, PetroChina and Sinopec plan to build LNG import termina...
2009-07-21 07:22:09
Keppel finishes FPSO conversion for Bumi
Keppel Shipyard has completed the conversion work on a former 159,588-dwt VLCC into the FPSO vessel for Malaysia’s Bumi Armada and named it Armada Perdana at a ceremony in Singapore on Saturday. The 1988-built tanker is to be deployed in the Oyo...
2009-07-21 07:19:08
Brazil drillship blow for Asian majors
Asian shipyards may find themselves grabbing at a smaller slice of the pie now that Brazilian shipyards – such as Atlantico Sul – have the capability to build sophisticated, modern drillships. For many Asian shipbuilding majors, such ...
2009-07-21 07:15:02
Dolphin seeks partner for Gujarat shipyard
Dolphin Offshore plans to rope in a partner for its proposed Rs 400-crore ($82.7m) greenfield shipyard to be commissioned in Jafrabad, Gujarat. “We have short-listed a few non-shipping companies, which would like to invest in this project,” M...
2009-07-20 12:00:08
'Dapeng Sun' repair work delayed
Repairs to China's first LNG newbuilding might take longer than expected as more problems with the vessel are investigated. Industry sources have said the 147,000-cbm Dapeng Sun (built 2008) will remain at Sembawang Shipyard in Singapore for repai...
2009-07-20 06:54:43
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