Offshore
Petrobras plans to deploy 23 FPSOs: 2020
Brasil could be producing 1.8m barrels of oil per day from its pre-salt oil fields by 2020 as state group Petrobras intends to deploy 23 floating production systems and invest $110bn in the next 10 years. The South American nation has discovered huge...
2009-02-25 10:53:39
FPSOcean files for bankruptcy
Norwegian FPSO start-up FPSOcean has filed for bankruptcy after funding dried up without any prospect of a contract for its one unit. “The company’s plan to restructure its capital base and attract new financing has failed,” it said in a sta...
2009-02-25 07:47:47
Sharjah yard delivers first F&G Super M2 jack-up
Maritime Industrial Services says that SeaWolf Oilfield Services of Nigeria has accepted delivery of the SeaWolf Oritsetimeyin (Hull 104), the first Friede & Goldman Super M2 design to be delivered and the first offshore jack-up drilling rig to be bu...
2009-02-25 07:43:12
Pipelay ship delivery pushed back
Saipem, the Italian oil and gas contractor, has delayed delivery of a giant new pipelay vessel building in China's Yantai Raffles. The 290 metre, ice-strengthened Castor One has seen its delivery from Yantai Raffles pushed back from late 2010 to late...
2009-02-18 12:31:55
Maersk FPSOs takes over group's LNG operations
A.P. Moller-Maersk Group says that on April 1, 2009 responsibility for the group's Liquefied Natural Gas (LNG) activities will be transferred from Maersk Tankers to Maersk FPSOs. LNG will then come under the responsibility of Mr. Paul Carsten Pederse...
2009-02-18 07:43:08
Chinese yards intend expanding offshore business
Chinese shipyards are expanding their offshore business one and all. Until recently, state-run shipbuilders Dalian Shipbuilding Industry Co. (DSIC) and Shanghai Waigaoqiao Shipbuilding, and foreign-affiliated Yantai Raffles Shipyard have been well-kn...
2009-02-17 11:56:37
Marco secures buyer for AHTS newbuild
Marco Polo Marine has secured a buyer for its first anchor handling tug supply (AHTS) newbuilding. A mystery owner is paying $15.5m for the 5,380-bhp vessel, says the Singapore-listed shipbuilder and charterer. Sean Lee Yun Feng-led Marco Polo wil...
2009-02-17 07:51:18
'Oversupply' of LNG in 2009
An additional 100 million tonnes of liquified natural gas (LNG) is scheduled to come online in 2009 and 2010, a 50% increase on current capability, creating a possible oversupply on world markets a report by the Energy Intelligence agency has said. Q...
2009-02-16 11:23:50
Stagnating NB shift offshore ships
With the stagnation of the newbuilding market, the offshore ship business, which had remained mainly out of the spotlight until now, is gathering attention. Universal Shipbuilding Corp.(USC) is planning on cultivating its offshore ship division to be...
2009-02-13 13:47:32
Japanese jointly study commercialization of LNG-FPSO
Fifteen Japanese companies will jointly study the commercialization and safety of floating LNG production bases over a period of six months in the future. The study will be led by Japan Oil, Gas and Metals National Corp. (JOGMEC) and joined by manuf...
2009-02-13 13:21:46
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