The challenges of managing efficient procurement processes and getting the right funding in the shipping and offshore sectors is the topic for a major half day conference in Singapore later this month. Coinciding with the Asia Pacific Maritime (APM) event on March 20…
Following to BW Offshore's announcement of 9 July 2014, BW Offshore has signed a sale and purchase agreement with Yinson to take 100% ownership of the FPSO Petroleo Nautipa, owned through Tinworth Pte. Ltd. Tinworth, and correspondingly the FPSO…
The number of floating production systems continues to grow; 349 floating production units are now in service, on order or off-field/being remarketed. This inventory is 5% higher than a year ago, 27% higher than five years ago. Current Inventory: Of the total…
BW Offshore has agreed an extension for their FPSO's 'Abo' and ''. The extension for Abo is with Nigerian Agip Exploration Ltd of nine months. and for Sendje Berge with Addax Petroleum Exploration Ltd of three months. These extensions have been…
The first module, the bogie support structure, standing 22 metres high, with a diameter of 30 metres and weighing 1300 tonnes will be transported to Korea to integrate with the Prelude FLNG vessel. Other modules will soon follow. The Prelude…