Offshore
Fugro cuts fleet in face of lower demand
Dutch shipping firm Fugro could reduce its fleet by up to 10 ships this year by not renewing vessel charters and retiring some of its older owned units. Fugro anticipates lower demand for offshore oil and gas services this year and better availabi...
2009-03-09 07:26:27
ExxonMobil spends $30bn a year until 2013
ExxonMobil intends to spend $25bn-$30bn per year for the next five years to meet its long term oil production growth ambitions. The world’s largest oil company will focus its spending plans on developing new offshore oil and gas fields using nu...
2009-03-09 07:23:34
Pemex inks a deal for two offshore barges
Petroleos Mexicanos (Pemex) forged a $58m contract with Cal Dive International for two offshore construction support barges. Cal Dive, a New York-listed offshore vessel owner, said Thursday that the Mexican state oil company will use a pipelay bar...
2009-03-06 16:58:58
ONGC intends to renegotiate with yards for lower prices
India’s ONGC (Oil and Natural Gas Corp.) is looking at renegotiating the prices for 12 offshore support vessels with global and Indian shipyards that had submitted price bids in response to the oil explorer’s tenders floated some months ago. ONGC...
2009-03-06 16:29:51
Vantage scores contracts for newbuild drillships
Oil and Natural Gas Co. (ONGC) has awarded Vantage Drilling a five-year contract for the ultra deepwater drillship Platinum Explorer. Vantage has also received an eight-year contract from a subsidiary of Petrobras for the ultra deepwater drillship Ti...
2009-03-04 13:22:19
Deep Sea cancels AHTS newbuilding
Odd Brevik’s Deep Sea Supply has axed an anchor handling tug supply (AHTS) newbuilding following substantial delivery delays. It has cancelled the 140-tbp Sea Hawk 1 at Jaya Holdings and is not ruling out further cuts to its eight vessel orderbo...
2009-03-04 07:38:31
Owners pile in for Peru LNG tender
Spanish LNG business partners Repsol and Gas Natural have received a strong response for their tender for vessels for medium-term charter on Peru LNG business, which closed last week. Brokers say the number of vessels ran into double figures. T...
2009-03-02 06:54:27
An interesting year ahead for LNG
Eisbrenner believes 2009 will be an interesting transitional year for the LNG market. She says for years the industry has believed it was moving toward a global gas price when in fact it has done the opposite and diverged. "I see Asia as at the...
2009-03-02 06:49:33
Nexus to idle FPSO upon delivery from Samsung
Norway’s Nexus Floating Production is set to lay up its first FPSO upon delivery in June due to the downturn in the offshore sector. The Oslo-listed company has two harsh weather FPSOs – the Nexus 1 and Nexus 2 – on order at South Ko...
2009-02-27 08:12:20
Bourbon Offshore sticks to its large-scale orderbook
Bourbon Offshore says it will plough ahead with its mammoth orderbook despite most of the vessels remaining unfixed. But it is facing a race against time to crew all of the ships and is looking to recruit from the merchant shipping sector to help ...
2009-02-27 08:01:17
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