Offshore
Gazprom buys LNG from Sakhalin
Gazprom will be shipping liquefied natural gas to the western side of North America after taking capacity at an import terminal in Mexico. Gazprom agreed to purchase 1m tonnes per annum of LNG from eastern Russia project operator Sakhalin Energy ...
2009-04-15 07:39:17
Fire causes Prosafe FPSO conversion delay
A fire on the floating production storage and offloading conversion Ningaloo Vision at the weekend was caused when the owner, Prosafe Production, was installing equipment, Keppel Shipyard has said. The electrical fire started in the instrument an...
2009-04-15 07:24:03
Beluga Hochtief will construct Jack-up vessels
German transportation specialist for project and heavy-lift cargo Beluga Shipping GmbH and compatriot construction giant Hochtief will create a joint venture tasked with installing equipment to generate wind power offshore. The joint company, to ...
2009-04-14 09:11:29
Shipbuilders turn to offshore
Hit by the global economic crisis, the shipbuilding industry is in rough waters. According to industry researcher Clarkson, the shipbuilding price index dropped one point to 157 as of April 3, the lowest this year. Also global orders for new vess...
2009-04-14 07:37:30
LNG prices to tumble
LNG prices have fallen to a-sixth of their value since their $25/MMBtu peak price in summer last year, and are likely to fall further. In a report titled 'Swimming in natural gas', Francisco Blanch, Merrill Lynch’s energy analyst, said the suppl...
2009-04-14 07:22:40
Outlook for FPSOs strong
IMA has just completed a detailed assessment of the floating production sector. The study examines the impact of the global economic downturn, assesses the underlying long term market drivers and forecasts production floater orders over the next five...
2009-04-14 07:01:20
Awaiting spring
South Korean shipbuilders, which are having difficulties in receiving new contracts amid global newbuilding order drought, may breathe easy again in the second half as a couple of mega offshore projects are expected to start soon. First, Russia is...
2009-04-14 06:19:10
Cochin’s offshore orders intact
India's Cochin Shipyard Limited expects to deliver its orders of 17 offshore supply vessels and anchor handling tug supply vessels for the international owners by 2011. The report said that Cochin Shipyard aimed to deliver the orders for vessels ...
2009-04-13 14:11:01
Jakarta player mulling offshore debut
Samudera is on the lookout for viable projects to pump its move. Indonesia's Samudera Group is planning a major thrust into the offshore market. The company, which is better known for its container and tanker activities, says it will make the move...
2009-04-13 07:18:49
Qatar looks at ship-to-ship transfers
Qatar's LNG producers are eyeing ways to conduct ship-to-ship (STS) cargo-transfer operations from their Q-max vessels in order to increase their trading range. Those handling the process are examining the purchase of large-diameter flexible cryog...
2009-04-13 07:16:19
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