Offshore
LNG tonnage under further pressure
Tokyo Gas has become the second major Japanese utility to confirm plans to reduce imports of liquefied natural gas in the next financial year, placing further pressure on this already over-tonnaged sector of the shipping industry. The company sai...
2009-03-27 07:20:30
LNG ship surplus to grow
Malaysia’s MISC Berhad has revealed that it expects delivery of commissioned newbuilds to exceed market demand for this year and the next. This information, imparted by MISC LNG vp Gunaseharan Ganapathy to Taiwan News, follows an announcement that ...
2009-03-25 07:40:05
Shell mulls Egypt floating LNG production
Shell, Europe’s largest oil company, is considering producing liquefied natural gas from an area in Egypt using a floating liquefaction unit, an Egyptian government official said. The oil major could use floating LNG technology in the north-east...
2009-03-25 07:34:58
Dalian still in talks: Sinopec rig deal
Dalian Shipbuilding has denied Chinese news reports that it has signed a deal to build a jackup rig for fellow state-owned oil major Sinopec. A source within Dalian Shipbuilding said that negotiations are continuing between the parties to build a ...
2009-03-25 07:30:09
DryShips to secure $630m contract
George Economou’s DryShips has bagged a $630m offshore contract in Turkey. It says drilling unit Ocean Rig secured the three-year exploration drilling deal with Petrobras in the Black Sea. The contract includes mobilization, disassembly and reas...
2009-03-24 13:24:25
LNG tie-up between Dalian and PetroChina
Dalian Port is teaming up with PetroChina, China’s largest oil and gas producer, to build and operate an LNG terminal. The Hong Kong-listed port operator says it will take a 20% stake in the venture which is to be called PetroChina Dalian LNG Co...
2009-03-24 13:18:20
PGS cancels seismic
Norwegian shipowner Petroleum Geo-Services has cancelled one of four seismic survey ships it ordered from Spanish yard Factorias Vulcano. PGS subsidiary Arrow Seismic Invest notified the yard and demanded a €39m ($53m) refund after a charter par...
2009-03-24 07:11:33
Siem axes two AHTS
Norway-based ship owner Siem Offshore has cancelled NKr1.2bn ($190m) of shipbuilding contracts at Norwegian shipyard Kleven Maritime. Delayed delivery of equipment from sub-contracts led to Kleven and Siem agreeing to cancel two newbuilding ancho...
2009-03-24 06:51:07
MISC and Teekay eye FLNG
Malaysia's MISC and Teekay Corp have joined the ranks of shipowners lining up to make a play in the floating LNG (FLNG) arena. This week, MISC vice-president of LNG Gunaseharan Ganapathy said at a conference that the company plans to develop an FL...
2009-03-23 07:30:59
ONGC ready to order another WSV
Indian state-owned exploration-and-production (E&P) major Oil & Natural Gas Corp (ONGC) plans to contract another well-stimulation vessel (WSV). Sources say the company is looking to place an order for a second WSV by August at an estimated cost of...
2009-03-21 17:11:05
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