Offshore
Sinopec expanding offshore
China Petrochemical Corp. (Sinopec Group) announced on February 3 that its new BMPC 375 jack-up drilling rig recently started building in a Singapore-based shipyard. It means that traditional onshore oil giants like Sinopec Group are accelerating the...
2009-02-05 08:17:35
StatoilHydro cancels contract due to delay in delivery
StatoilHydro has cancelled a three month charter for a Troms Offshore newbuilding after the vessel was delayed at a Norwegian shipyard. Brokers say delivery of the 4,823-dwt Troms Castor from Hellesoy was held up by up to two months preventing it ...
2009-02-05 07:43:27
Test runs of world's first converted FSRU successful
LNG carrier operator Golar LNG announced on Jan. 30 that it has successfully completed performance test runs on the Golar Spirit, the world's first FSRU (floating storage & regasification unit) converted from a secondhand LNG carrier. The unit is for...
2009-02-04 07:33:19
Rig Building Faltering
The year 2008 kicked off with the strongest offshore rig fleet utilization seen in years and oil prices greater than US$100/barrel, giving drilling contractors ample excuse to continue the surge in rig construction. However, the onset in mid-2008 ...
2009-02-04 06:14:36
Keppel faces Rowan rig order cancellation
Keppel Offshore and Marine is facing possible cancellation of a $195m jack-up rig order from Rowan Companies at its US yard. In a filing with US Securities and Exchange Commission, Rowan said that it might cancel one of the four jack-up rigs it order...
2009-02-02 07:11:17
Keppel completes series of five Scorpion jackups
Keppel AmFELS, a wholly-owned subsidiary of Keppel Offshore & Marine in the US Gulf of Mexico, has delivered the jackup drilling rig, Offshore Intrepid, to Scorpion Intrepid, a subsidiary of Scorpion Offshore on time. With this delivery, Keppel AmFEL...
2009-01-30 08:12:55
World's first Drilling FPSO leaves Keppel Shipyard for ...
The world's first Floating, Drilling, Production, Storage and Offloading vessel (FDPSO), which is owned by Prosafe Production, has left Keppel Shipyard in Singapore on January 24, 2009. After a short stay at anchorage, it will head for the Republic o...
2009-01-30 07:27:28
Samsung & Daewoo into offshore ‘Gold Rush’
South Korea’s shipbuilding firms are taking share in an offshore ‘Gold Rush’. Ministry of Land, Transport and Maritime Affairs (MLTM) in last March secured an exclusive exploring license for the 20,000㎢ mine lot in the Tonga EEZ. And it re...
2009-01-30 06:30:04
Siem loses $6m on cancellation at bankrupt shipyard
Siem Offshore admits it has lost NOK 40m ($5.97m) on the cancellation of a newbuilding purchase from bankrupt Norwegian shipbuilder Havyard Solstrand. The figure, which was a “premium...in excess of the price in the contract with the yard”, will ...
2009-01-29 07:19:50
Slowdown to Varun Shipping offshore fleet expansion
Varun Shipping MD Yudhishthir Khatau has revealed that the company will be unable to reach its capital expenditure target of $400m for 2008/09 due to unavailability of vessels, reports Reuters. The firm had planned to buy at least four vessels in the...
2009-01-29 07:13:17
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