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Russian Class for New FSRU
A Floating Storage Regasification Unit (FSRU) will be built to the class of Russian Maritime Register of Shipping (RS). The agreement on classification of FSRU under construction has been signed between RS and Hyundai Heavy Industries, the Republic of Korea.
Golar LNG Unwinds Part of Total Return Swap
Golar LNG Limited has settled and reduced its exposure under its Total Return Swap (TRS) agreement from 3.5 million shares to 3 million shares through a direct acquisition of 500,000 shares, the company announced today. Golar LNG said it now owns these 500…
Cathelco Wins Trio of Orders for ICCP Systems on FPSOs
Cathelco have won orders to supply hull corrosion protection systems for three FPSOs. Two of the systems are being supplied to MODEC, while the third will be installed by Sembcorp Marine’s Jurong yard in Singapore. The FPSO Cidade de Campos…
Heavy Wave Strikes Rig, Injures Three in the North Sea
At 5 pm on Wednesday December 30, Statoil and COSL were informed that three persons had been injured on the COSL Innovator when a heavy wave hit the rig. Statoil and COSL have mobilized their emergency response organizations. The semi-submersible…
Keppel Secures $125 mln Repeat Contracts
Keppel Offshore & Marine Ltd (Keppel O&M)'s local and overseas subsidiaries continue to win strong support from repeat customers by securing four contracts worth a total of about S$125 million. In Singapore, Keppel O&M's wholly-owned subsidiary…
Keppel Wins $88.5M in Floating Production Contracts
Keppel Offshore & Marine Ltd (Keppel O&M)'s local and overseas subsidiaries continue to win support from repeat customers by securing four contracts worth a total of about $88.5 million. In Singapore, Keppel O&M's wholly-owned subsidiary Keppel…
Brazil Regulator Sets Rules for Petrobras Oil Fields Rights Renewal
Brazil's state-run oil company Petrobras will have to agree to extract at least 900 million barrels more of oil and natural gas equivalent from its Marlim and Voador offshore oil fields to win early renewal of its concession rights, oil regulator ANP said.
DOF Awarded IMR, Subsea Installation Work
DOF and DOF Subsea have been awarded several IMR and subsea installation contracts in the Asia Pacific and Atlantic regions, with a total contract value of approximately NOK 270 million (about $23.8 million USD). The contracts will secure utilization of the subsea project fleet in the regions.
Jordan FLNG Import Terminal Back to Full Capacity
Jordan's National Electric Power Company (NEPCO) said its floating liquefied natural import terminal was back working at full capacity after adverse weather disrupted operations earlier this month. NEPCO declared force majeure on the terminal on Dec.
Brazil Prosecutors Charge 12 in SBM Offshore Graft Scheme
Brazilian prosecutors on Thursday charged 12 people with a bribery scheme involving Dutch firm SBM Offshore NV, the world's top leaser of oil production ships, and state oil firm Petroleo Brasileiro SA . Police said they had four arrest orders as part of the scheme…
Wood Group Wins Australian FEED Contract from Shell
Wood Group has secured a front-end engineering and design (FEED) contract for the Woodside-operated proposed Browse floating liquefied natural gas (FLNG) Development. Under a new 12 month contract awarded by Shell, Wood Group Kenny (WGK)…
FPSO Turritella Financing Completed
The Turritella joint venture led by SBM Offshore has completed the project financing of FPSO Turritella for a total of $800 million. Project financing was secured by a consortium of 12 international banks with an average cost of debt of 3.5 percent over the 10 year post-completion maturity.
Ampelmann Wins FPSO Walk to Work Contract in Brazil
Ampelmann, a developer of motion compensated access solutions, has been awarded its first contract in Brazil. Under the contract, Ampelmann will provide its E-Type system to Boskalis in support of an extended FPSO maintenance campaign. The Ampelmann…
Petrobras Says Not Considering Libra Area Sale
Brazil's Petroleo Brasileiro SA, or Petrobras, is not considering selling a 10 percent stake in its giant Libra offshore oil prospect at this time, the state-run oil company said on Friday. Petrobras was responding to a report on Tuesday by…
Semco Maritime wins order for Expansion of Maersk Guardian
Semco Maritime entered into an agreement with Maersk Drilling for the expansion of accommodation rig Maersk Guardian, which will be inserted at various fields in the Danish part of the North Sea from September 2016. The order for Semco Maritime…
MHI Subsidiary in Brazil for FPSO Compressors
In December Mitsubishi Heavy Industries Compressor Corporation (MCO), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Hiroshima, will establish a new company in Brazil in a joint venture with Mitsubishi Corporation (MC), to be known as MHI Compressor do Brasil Ltda. (MCO-B).
Wood Group Wins Browse FEED Contract
Wood Group has secured its second front-end engineering design (FEED) contract for the proposed Browse floating liquefied natural gas (FLNG) Development offshore Western Australia. Under the new contract with Woodside, effective immediately…
The Digital Oilfield Microwave Communication Offshore Brazil
With most offshore wells in Brazil located between 30 and 300 km from the coast, communication with offshore assets has not always been straightforward or reliable. Some operators and service providers still use traditional maritime VSAT services for coverage offshore Brazil…
BW Offshore Suspends Dividend
BW Offshore, a builder and operator of ships that can produce and store oil offshore, suspended its dividend until outlook for the oil sector improved, it said on Monday. The firm posted third-quarter earnings before interest, taxes and depreciation…
BMT Fluid Mechanics to Validate FLNG Design
The emergence of the floating liquefied natural gas (FLNG) concept has seen an unprecedented focus on development activity and has reinforced the commercial interest in these facilities. However, as the industry strives to make the concept a reality…
Swan, EXMAR Partner for India’s First FSRU Terminal
EXMAR has entered into a binding Term Sheet with Swan Energy Limited for the joint development and operation of the Jafrabad LNG Port project, to be located in the State of Gujarat, India. The Jafrabad LNG Port will be a 5 million tons per annum (MTPA) LNG receiving terminal…