Offshore
LNG-FPSO deals delayed
Negotiations for floating production, storage and offloading (FPSO), which have been gaining much attention as LNG carrier-related businesses, are lacking heat and enthusiasm. Amid the worsening slump in the usual LNG tanker construction negotiati...
2009-05-21 07:50:28
Samsung Techwin into LNG-FPSO equipment market
Samsung Techwin of South Korea makes inroads into offshore energy equipment market. According to Hanwha Securites analyst Oh Se-jun, Samsung Techwin is now seeking cooperation with Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering...
2009-05-20 14:28:06
ONGC cancels deal to hire rig newbuild
India's Oil & Natural Gas Corporation has axed a deal to hire a rig from compatriot Great Offshore due to delays to the newbuilding. Bombay-listed Great says the state oil company has invoked a performance guarantee of $3.8m after cancelling the c...
2009-05-19 07:51:51
Sembcorp sued on order cancellation
Singapore's Sembcorp Marine has been sued by a Norwegian offshore owner after it cancelled a $460m rig order. Bankrupt PetroRig 1, part of PetroMena, says the shipyard made improper attempts to terminate the contract, according to court filings. I...
2009-05-19 07:48:14
Shtokman LNG-newbuilding tender faces delay
The tender for vessels to support a Gazprom project has been put back to the autumn. Russian LNG-newbuilding business for Gazprom's Shtokman LNG project looks set to be delayed until later this year. Yards and shipowners had been expecting to rece...
2009-05-18 15:47:39
BG-CNOOC to order 2 LNG carriers
BG Group, a major British energy company, recently announced that it will construct two LNG carriers jointly with China National Offshore Oil Corp. (CNOOC) for assignment to the Queensland Curtis LNG (QCLNG) project it is now developing in Australia....
2009-05-18 07:46:53
More competition worried
South Korea’s big three shipbuilders, namely Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering are competing for the massive LNG-FPSO order to be placed by Royal Dutch Shell. The front-end engineerin...
2009-05-18 06:25:02
Anthony Veder receives delivery of first LNG carrier
Anthony Veder, a tanker operator of the Netherlands, recently took delivery of its first LNG carrier, the Coral Methane. According to the company, the 7,500-cu.m vessel, built by Remontowa Shipyard in Poland, is scheduled to be chartered out to N...
2009-05-15 11:21:29
Floating LNG link-up
MISC, the leading Malaysian shipping company, is teaming up with national oil company Petronas and Houston-based Mustang Engineering in a floating liquefied natural gas joint venture. The venture will provide “floating LNG solutions and services wo...
2009-05-15 07:02:30
Prosafe negotiates with Petrobras over FPSO rates
Cyprus-based ship owner Prosafe Production is in negotiations with Brazilian state energy group Petrobras over the start of contract payments for an oil production ship off Brazil. Prosafe Production wants Petrobras to pay a daily rate for the Cidade...
2009-05-15 06:57:48
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