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Keppel Q1 Profit hit by Offshore, Marine Segment
Singapore conglomerate Keppel Corp posted a 41 percent fall in quarterly profit, its fourth straight decline, as offshore and marine segment revenue slumped because of the deferment of some projects and suspension of contracts related to Sete Brasil.
Ezra to Shed FPSO, Posts Q2 Loss
Singapore's Ezra Holdings Ltd, one of the city-state's many oilfield service firms hit by a challenging market, plans to sell its stake in a floating production, storage and offloading vessel, seeking to strengthen its financial position. Ezra…
Bureau Veritas Approves FPSO Composite Repair System
Classification society Bureau Veritas has approved in principle the repair of offshore structures using the bonded composite product Coldshield, developed by Paris-based start-up Cold Pad. Coldshield is a composite structural reinforcement specifically…
ABS's AIP for HHI FLNG Hull
ABS, the leading provider of classification and technical services to the global offshore industry, has granted approval in principle (AIP) to a Hyundai Heavy Industries (HHI) floating liquefied natural gas (FLNG) hull design. Specifically conceptualized for near-shore operations…
Radio Holland Secures FLNG Telecom Contract
Radio Holland, member of RH Marine Group, was awarded a FLNG project from Keppel Shipyard in Singapore. The contract encompasses an Offshore Telecommunication System package for the Golar Hilli LNG carrier, which is being converted into a Floating Liquefied Natural Gas (FLNG) unit.
Floating Production's Future: The 6 Things You Need to Know Now
No question that the market for new floating production systems has taken a battering. The past 12 to 18 months have been a difficult period for everyone in the business sector. Absence of new contracts has forced fabricators and equipment suppliers to make huge cutbacks in personnel and spending.
Keppel Secures MODEC FPSO Project in Brazil
Keppel FELS Brasil Secures MODEC FPSO Project Keppel Offshore & Marine Ltd, through subsidiary Keppel FELS Brasil SA's BrasFELS shipyard, has been awarded a Floating Production Storage and Offloading (FPSO) module fabrication and integration…
Keppel Bags BRL 500 mln MODEC Project
Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary, Keppel FELS Brasil SA's BrasFELS shipyard has been awarded a Floating Production Storage and Offloading (FPSO) module fabrication and integration project by its repeat customer MODEC Offshore Production Systems (Singapore) Pte.
Keppel Secures MODEC FPSO Project in Brazil
Keppel FELS Brasil Secures MODEC FPSO Project Keppel Offshore & Marine Ltd, through subsidiary Keppel FELS Brasil SA's BrasFELS shipyard, has been awarded a Floating Production Storage and Offloading (FPSO) module fabrication and integration…
Keppel Bags BRL 500 mln MODEC Project
Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary, Keppel FELS Brasil SA's BrasFELS shipyard has been awarded a Floating Production Storage and Offloading (FPSO) module fabrication and integration project by its repeat customer MODEC Offshore Production Systems (Singapore) Pte.
Floating Production's Future: The 6 Things You Need to Know Now
No question that the market for new floating production systems has taken a battering. The past 12 to 18 months have been a difficult period for everyone in the business sector. Absence of new contracts has forced fabricators and equipment suppliers to make huge cutbacks in personnel and spending.
Sea Chest Blanks Ordered for Gina Krog FSO
Teekay Shipping has ordered four sea chest blanks from Norwegian magnetic technology specialists, Miko Marine. The closures will be delivered in August for use on the former shuttle tanker Randgrid which is currently undergoing a $220 million…
Sea Chest Blanks Ordered for Gina Krog FSO
Teekay Shipping has ordered four sea chest blanks from Norwegian magnetic technology specialists, Miko Marine. The closures will be delivered in August for use on the former shuttle tanker Randgrid which is currently undergoing a $220 million…
US Gulf Coast Diesel Exports Down Sharply
Diesel fuel exports from the U.S. Gulf Coast declined sharply since December as increasing output from refiners in South American markets and brimming stocks in Europe squeezed key outlets, Thomson Reuters data show. As a result, distillate…
Petrobras Sought Arbitration for Sete Brasil talks, Sources Say
State-controlled Petróleo Brasileiro SA unsuccesfully sought the appointment of arbiters to rework a long-term contract with debt-laden drilling rig leaser Sete Brasil Participações SA, according to three sources with knowledge of the situation.
Subsea Boosting Starts in the Gulf of Mexico
OneSubsea, a Schlumberger company, announced the successful commission and startup of subsea boosting systems installed in ultradeep waters, located in the Gulf of Mexico. “We strive to deliver the solutions that help customers reduce costs while increasing recovery from the reservoir…
US Gulf Coast Diesel Exports Down Sharply
Diesel fuel exports from the U.S. Gulf Coast declined sharply since December as increasing output from refiners in South American markets and brimming stocks in Europe squeezed key outlets, Thomson Reuters data show. As a result, distillate…
Petrobras Sought Arbitration for Sete Brasil talks, Sources Say
State-controlled Petróleo Brasileiro SA unsuccesfully sought the appointment of arbiters to rework a long-term contract with debt-laden drilling rig leaser Sete Brasil Participações SA, according to three sources with knowledge of the situation.
Petrobras Sees Layoff Plan Saving up to $9.2 Bln
Brazil's embattled state-run oil company Petroleo Brasileiro SA said on Friday it will launch a voluntary layoff program to cut an estimated 12,000 jobs in a bid to save up to 33 billion reais ($9.20 billion) by 2020. The program will cost 4.4 billion reais and is open to all employees…
Petrobangla, Excelerate Energy Deal for LNG terminal
Petrobangla has signed an agreement with Excelerate Energy Singapore Pte Ltd to establish a floating storage and re-gasification unit (FSRU) at Maheshkhali to facilitate the supply of 500 mmcfd imported liquefied natural gas to the country.
Petrobras Sees Layoff Plan Saving up to $9.2 Bln
Brazil's embattled state-run oil company Petroleo Brasileiro SA said on Friday it will launch a voluntary layoff program to cut an estimated 12,000 jobs in a bid to save up to 33 billion reais ($9.20 billion) by 2020. The program will cost 4.4 billion reais and is open to all employees…