Offshore
FPSO owners sell tankers at discount prices
A slump in credit availability is causing a fire-sale of tankers by owners of oil production ships. One owner has already sold two tankers for drop-down prices of around $10m each and another two are up for sale. Brokers said more idle tankers own...
2008-12-05 09:29:00
STX Europe wins PSV contract from Japan
STX Europe has signed contracts for delivery of design and ship equipment for four platform supply vessels of its PSV 09 CD design. The total value of the four contracts is about NOK 400 million (about $56.5 million). STX Europe's newly opened off...
2008-12-05 08:21:02
CNPC's monumental jackup drilling rig completed
China National Petroleum Corporation (CNPC)’s largest project, the jackup drilling platform 9 was completed and delivered on December 2, 2008. It is world’s first drilling platform that a lifting motor drives 2 lifter gears. As of the begi...
2008-12-05 07:36:15
A Petrobras FPSO has been installed off Brazil
The P-53, or Petrobras 53, was converted from the 322,000-dwt Settebello (built 1986) into a floating, production, storage and offloading unit (FPSO) with 180,000 barrels in daily oil production capacity. It also has a compressing capacity of 6 mi...
2008-12-04 07:15:54
Bourbon takes delivery of tenth Liberty
Paris-headquartered Bourbon is on a roll with its massive Liberty series of 76 Guido Perla designed newbuildings from Chinese yards. The program is designed to rapidly replace old and obsolete vessels operating in continental offshore and includes 22...
2008-12-02 14:04:58
Keppel may lead to more cancellations
Keppel’s announcement that $870m worth of rig orders are under threat at its Singapore-based yard may set a dangerous precedent for more order cancellations, a leading analyst warned. The recent dive in oil prices to around $50 per barrel and o...
2008-12-01 06:40:27
VOS Pioneer and VOS Prospector – Namegiving Ceremony
The Namegiving Ceremonies for the VOS Pioneer and VOS Prospector took place on Wednesday 26 November, in Aberdeen, UK. The VOS Pioneer was christened by Mrs Margaret Mennie, Technical Assistant with Total E&P UK Ltd. Godmother for the VOS Prospect...
2008-11-28 06:50:41
Keppel contracts in doubt
Keppel Offshore & Marine Limited (Keppel O&M) says that it has received indications from Seadrill Limited, Scorpion Offshore Ltd, and Lewek Shipping Pte Ltd that they are reviewing their options on their newbuilding contracts that were signed in the ...
2008-11-28 06:45:08
Offshore utility vessel delivered by south China shipyard
Joining a long list of successful craft from Guangzhou Panyu Lingshan Shipyard in southern China, the 40m 'Putrajaya Singosari' completed sea trials in mid-November. With an 11.8m beam and 4.6m moulded depth, the offshore utility support vessel wa...
2008-11-21 09:48:45
Keppel secures FSO
Keppel Offshore & Marine has secured SGD 340 million dollars worth of contracts through its subsidiaries for the conversion of a floating storage and offloading vessel (FSO), the construction of an internal turret, the refurbishment and outfitting of...
2008-11-21 06:30:31
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